🎬 A New Era

👋 Good morning! Ever noticed that blinking light atop the Capitol Records building in Los Angeles? It’s not just any light show—since 1956, it’s been quietly blinking out the word “Hollywood” in Morse code.

Welcome aboard the Dailies. As you sip your morning brew, we’ll get you caught up with the fast-paced world of Hollywood - no need to chase down a newsstand, we’ve got everything you need right here.

🎞 Here’s what’s on the reel today:

• A New Era for the Oscars

• YouTube TV’s Winning Streak

• What Young Watchers Really Want

• Last Looks: 👀 Bite-sized scoops on developing stories/projects

• Video Village: The latest trailers

• Martini Shot 🍸

🎥🏆A New Oscars Era Begins: It seems the Academy’s stance towards blockbusters is shifting. Over the weekend, Christopher Nolan's 'Oppenheimer' not only clinched the best picture at the Oscars but also heralded Nolan’s first win as best director, suggesting a new trend where films capable of drawing massive audiences also garner critical and award-season recognition. By earning nearly $1B at the box office and receiving critical acclaim, 'Oppenheimer' has blurred the lines between commercial success and cinematic artistry. For years, the glittering Oscar statuette seemed out of reach for big-budget giants, with indie darlings stealing the spotlight. Think ‘Moonlight,’ ‘Nomadland,’ and ‘Birdman’ to name a few. Most likely this contributed to declining Oscars viewership, as the public's interest in the winning films waned. It seems that ‘Oppenheimer’ has flipped the script, becoming the most prosperous best picture winner since 'The Lord of the Rings: The Return of the King.'

📺👑 YouTube TV's Winning Streak: YouTube TV is emerging as a formidable force, overshadowing Netflix in overall viewership and outpacing cable giants in the cord-cutting race. With 8M subscribers, YouTube TV has nearly doubled the numbers of its closest virtual Multichannel Video Programming Distributor (vMVPD) rival, Hulu + Live TV. YouTube's been following a shrewd strategy of blending creator-generated content with live sports and traditional TV channels, appealing especially to Millennials and Gen Z. Some see this as the dawn of a new streaming arms race, with YouTube poised to snatch more market share from traditional providers. Despite a veil over its precise performance metrics, YouTube TV's dominance suggests a shift in consumer preference towards flexible, contract-free viewing experiences across devices, ushering in a new era where streaming services like YouTube TV lead the pay TV realm.

Speaking of Millennial and Gen Z preferences… 👀

📺👀What Young Watchers Really Want: Tubi's latest survey, in collaboration with The Harris Poll, sheds light on the evolving preferences of Millennial and Gen Z viewers towards streaming content, revealing a strong tilt towards originality, diversity, and smaller creators. A whopping 74% of those young viewers favor originals over remakes, with a similar number advocating for more diverse representation on screen. Furthermore, the study highlights a growing frustration with the cost of streaming, showing that a significant 71% of these demographics prefer ad-supported options to manage expenses. This sentiment mirrors in Tubi's recent success, boasting 8.5B streaming hours and a significant spike in young, diverse audiences. Amid rising streaming costs, viewers are clearly calling for more content variety and financial flexibility in their streaming habits.

Development 🗒️

• Ari Aster's upcoming A24 film 'Eddington' features a star-studded cast including Pedro Pascal, Emma Stone, and Austin Butler. (more)

• Apple TV+ orders an Owen Wilson-led golf comedy series. (more)

• Gary Lennon renews his creative partnership with Lionsgate TV to further develop the ‘Power’ universe as ‘Power Book IV: Force’ enters S3. (more)

• The sequel to ‘This Is Spinal Tap’ is in production with the original cast and cameos from Elton John, Paul McCartney, and more. (more)

• New Line Cinema acquires ‘Big Time Abroad’ from Scarlett Bermingham & Andrew Rhymer. (more)

• The CW, Roku, and Stan are teaming up with Jeff Wachtel to create ‘Good Cop/Bad Cop,’ a comedic crime show starring Leighton Meester. (more)

• Wes Anderson has begun shooting his next film, ‘The Phoenician Scheme.’ (more)

• Eric Bana is set to star in Netflix’s ‘Untamed.’ (more)

• Shondaland's ‘Grey's Anatomy’ and ‘Station 19’ transition to new showrunners. (more)

• ‘Venom 3’ gets a title & earlier fall theatrical release. (more)

• ‘The Batman 2’ release date is delayed to 2026. (more)

• ESPN+ announces ‘Tryouts,’ a new original docuseries exploring America's most intense tryouts and auditions. (more)

• Warner Bros. Discovery shifts Stephen King's ‘Salem’s Lot’ from a theatrical release to streaming on Max in 2024. (more)

✅ Renewed & Cancelled ❌

• ‘Ghosts’ and ‘Fire Country’ are renewed at CBS. (more)

Business 🤝

• Lionsgate's stock rises ahead of its planned studio spin-off via a SPAC deal. (more)

• DirecTV for Business renews its deal to broadcast Apple TV+'s ‘Friday Night Baseball.’ (more)

• Rob McElhenney launches More Better Industries, diversifying into productions, advisory, and ventures. (more)

• Verve and its former CEO Bill Weinstein reach a confidential settlement agreement following his departure and breach-of-contract lawsuit. (more)

• Kathy Goodman is appointed CEO of Funny or Die as the company shifts focus towards producing more short-form digital content. (more)

• Lionsgate Vice Chair suggests CEO's recent stock purchase was inspired by his visit to the Michael Jackson biopic set. (more)

Other News 🚨

• Al Pacino issued a statement regarding his Oscars best picture announcement, stating his omission of the nominees' names was a producer-directed choice. (more)

• UTA faces legal heat from ex-partner Michael Kassan over breach of contract and fraud claims amid a tumultuous acquisition fallout. (more)

• The 2024 Oscars attracted 19.5M viewers, reaching a four-year viewership peak. (more)

• Roku reveals a data breach involving over 15,000 streaming accounts. (more)

• The Daytime Emmy Awards will be held on June 7th at 8pm. (more)

• Scholastic Corp. invests $186M in 9 Story Media Group to expand its children's entertainment portfolio. (more)