🎬 Losing a Grip

👋 Good morning! The Academy Film Archive, home to a staggering 60,000+ movie trailers on celluloid, is opening its vault for a special Halloween treat. Tomorrow, the Academy Museum in Los Angeles will showcase ‘Don't Go into the Vault,’ a curated collection of horror trailers spanning from the 1950s to the 1980s. Some of these gems haven't flickered on a screen since their original release. From Hitchcock to obscure slashers, it's a cinephile's dream (or nightmare) come true, all presented in glorious 35mm.

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:

• LA Loses Its Grip

• Apple Shifts Its Strategy

• Netflix Dispels Rumors

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

• Release Radar: What to watch this weekend

• Video Village: The latest trailers

• Martini Shot 🍸

But first, it’s Friday, so let’s take a look at what people were watching this week… 👀

TOP STREAMED
📊 What U.S. audiences were watching this week…

WIDESHOT
🎬 LA struggles, Apple shifts, and Netflix stands firm…

📽️🎭 LA’s grip on the industry is slipping. A new filmLA report reveals that only 18% of scripted projects were shot in Hollywood in 2023, down from 22% in 2022. It’s a dire mismatch: 27% of the industry's workforce resides in SoCal, but local work is scarce. The study shows a 20% decline in valuable scripted productions over two years, worsened by the 2023 strikes and the end of Peak TV. The UK, Ontario, and Georgia are luring away productions, threatening the $43B in wages Hollywood pumps into California's economy yearly. FilmLA president Paul Audley warns of ripple effects beyond entertainment: closed suppliers mean job losses for caterers, laundries, and local shops, leading to less tax revenue and unpaid rent. As 2024 bears the full brunt of 2023's strikes, local officials are scrambling to implement incentives and stem the Hollywood exodus.

🍎📺 Apple TV+ is cozying up to Amazon. In a surprise move, it will be joining Amazon's Prime Video channels as an add on. It’s a significant shift in Apple's streaming strategy. For $9.99/month, Prime subscribers can now binge ‘Ted Lasso’ and ‘Severance’ without switching apps. For Apple, this move is all about scale. Despite its award-winning content, Apple TV+ remains a smaller player in the streaming wars. By tapping into Prime Video's "hundreds of millions" of users worldwide, Apple aims to dramatically expand its reach. This partnership’s a departure from Apple's previous walled garden approach, prioritizing growth over exclusivity. For Amazon, it's another feather in its cap as it positions Prime Video as a "broadcast network on steroids," offering a one-stop shop for diverse streaming options.

🎬💰 Netflix is dispelling rumors of a new pay model for talent. At the Bloomberg Screentime Conference, CCO Bela Bajaria tackled whispers that the streaming giant was mulling a shift to less upfront cash and more backend for creatives. Despite industry chatter, Bajaria firmly stated, "We are not changing our model." While she acknowledged a handful of "bespoke deals" exist—"two fingers" worth, to be precise—where talent opted for backend potential, these are exceptions. Netflix is doubling down on its current compensation strategy, which Bajaria insists "works great for talent" and filmmakers alike.

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LAST LOOKS
Development 🗒️

• Aaron Pierre will star as John Stewart in HBO’s ‘Lanterns’ series, alongside Kyle Chandler as Hal Jordan, in the latest DC adaptation. (more)

• Tom Hardy, Helen Mirren, and Pierce Brosnan are in final talks to star in ‘Guy Ritchie’s The Associate.’ (more)

• Stephen Graham confirms he will star in Netflix’s ‘Peaky Blinders’ movie, reprising his role as Hayden Stagg from the series. (more)

• A24 acquires U.S. distribution rights for the bike gang romance ‘Pillion,’ starring Harry Melling and Alexander Skarsgård. (more)

• Anthony Hemingway reunites with Ryan Murphy as executive producer and director for Hulu’s ‘All’s Fair,’ a legal drama starring Kim Kardashian. (more)

• Universal Pictures has acquired the rights to Julianna Baggott’s short story ‘The Hider,’ with Robert Downey Jr. expected to star. (more)

• John Mulaney will host a new live variety talk show on Netflix, following the success of ‘Everybody’s In LA’ from the Netflix is a Joke festival. (more)

• Chloë Grace Moretz will star in and executive produce a TV adaptation of ‘My Mom’s Murder,’ based on the podcast of the same name. (more)

• Mary Elizabeth Winstead is in talks to star alongside Maika Monroe in a new remake of ‘The Hand That Rocks the Cradle.’ (more)

• Henry Cavill will star in Amazon MGM’s live-action ‘Voltron’ movie, directed by ‘Red Notice’ filmmaker Rawson Marshall Thurber. (more)

• Sacha Baron Cohen and Rosamund Pike will star in Netflix’s ‘Ladies First,’ a comedy directed by Thea Sharrock. (more)

• Kevin Sussman, Brian Posehn, and Lauren Lapkus are set to star in a potential ‘Big Bang Theory’ spinoff for Max, in development at Warner Bros. Television. (more)

Renewed & Canceled ✅ ❌

• Prime Video renews ‘Reacher’ for S4 ahead of its S3 premiere. (more)

• ‘Nobody Wants This’ is renewed for S2 at Netflix with new showrunners. (more)

• ‘The Diplomat’ is renewed for S3 at Netflix. (more)

Business 🤝

• Longtime CNN executive Ken Jautz is set to depart the network at the end of the year, wrapping up a 36-year career. (more)

• DirecTV will launch its free, ad-supported streaming service, MyFree DirecTV, on Nov. 15. (more)

• IMAX has hired former Netflix exec Jonathan Fischer as its new chief content officer to oversee the company’s expanded content strategy. (more)

• Nina Jacobson and Brad Simpson’s Color Force extends its producing deal with FX through 2027, marking 15 years of collaboration. (more)

• Daniel Dae Kim’s 3AD production company inks a first-look deal with 20th Television to develop content for multiple Disney platforms. (more)

Other News 🚨

• The Producers Guild of America has updated its Code of Credits and Producer’s Mark to crack down on vanity producer titles. (more)

• The Critics Choice Awards will air on E! and stream on Peacock in Jan. 2025, with Chelsea Handler returning as host for the third consecutive year. (more)

RELEASE RADAR
📅 WHAT TO WATCH THIS WEEKEND

🍿 THEATRICAL

• Terrifier 3: Christmas-themed slasher sequel starring David Howard Thornton as Art the Clown, directed by Damien Leone.

• Piece by Piece: Animated biographical documentary about Pharrell Williams, featuring Lego animation and directed by Morgan Neville.

• The Apprentice: Controversial biographical drama about young Donald Trump, directed by Ali Abbasi and starring Sebastian Stan and Jeremy Strong.

• Saturday Night: Biographical comedy-drama about the 1975 debut of Saturday Night Live, directed by Jason Reitman.

• We Live in Time: (Limited) Romantic drama starring Andrew Garfield and Florence Pugh, directed by John Crowley,

📺 STREAMING

• Outer Banks: (Netflix) The popular teen mystery drama series returns for S4.

• Caddo Lake: (Max) Thriller about mysterious disappearances, starring Dylan O'Brien and Eliza Scanlen, produced by M. Night Shyamalan.

• Mr. Crocket: (Hulu) Horror thriller about a demonic children's show host, starring Jerrika Hinton and Elvis Nolasco, directed by Brandon Espy.

• Tomb Raider: The Legend of Lara Croft: (Netflix) Animated action-adventure series starring Hayley Atwell as Lara Croft.

• Woman of the Hour: (Netflix) True crime thriller starring and directed by Anna Kendrick, about a serial killer who appeared on a 1970s dating show.

• Canary Black: (Prime Video) Action-thriller spy film starring Kate Beckinsale as a CIA agent on the run, directed by 'Taken' helmer Pierre Morel.

🔮 BOX OFFICE PREVIEW

Expect a surprising showdown between the low-budget slasher ‘Terrifier 3,’ projected to earn $11-18M, and the underperforming ‘Joker: Folie à Deux’ in its second week, expected to drop to $10-15M.

Meanwhile, it's neck-and-neck for third place between the family-friendly 'The Wild Robot' and the SNL origin story 'Saturday Night', both eyeing $8-12M. Newcomers 'Piece by Piece' and 'The Apprentice' are hoping to build a $3-5M foundation. It's shaping up to be an unpredictable weekend, with the potential for an indie horror upset at the top and close competition throughout the top 5.

VIDEO VILLAGE
📺 LATEST TRAILERS

MARTINI SHOT
🍸 LATEST TRENDS & VIRAL MOMENTS