🎬 People Are Flocking

👋 Good morning! People are now legally betting hundreds of thousands of dollars weekly on Rotten Tomatoes scores. Welcome to Hollywood's new frontier: the prediction market. From critic ratings to release dates, entertainment gambling is booming. Sites like Kalshi and Polymarket are leading the charge, with Kalshi operating in the U.S. and Polymarket accessible internationally through VPNs.

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:

• ‘Suits’ Heads to LA

• People Are Flocking to YouTube (Disney-DirecTV Update)

• Netflix’s Surprise Hit

• Real Life ‘Succession’

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

• Video Village: The latest trailers

• Martini Shot 🍸

🎭🌴 'Suits: LA' is swapping maple leaves for palm trees, relocating from Vancouver to Los Angeles thanks to a hefty $12M tax credit from the Golden State. This legal drama spinoff is joining a star-studded lineup of projects benefiting from California's film and TV tax credits program.

The Big Picture: California is pulling out all the stops to reclaim its crown as the entertainment capital of the world, offering a total of $51.6M in incentives to lure productions back home. It's a strategic move to combat the industry's exodus, as Los Angeles' share of domestic film and TV employment has dropped from 35% to 27% in just one year.

Between the Lines: The 'Suits: LA' relocation is more than just a change of scenery:

• The show is expected to inject nearly $51M into the local economy.

• It will create over 2,600 jobs during its 100-day shoot.

• Showrunner Aaron Korsh sees the move as a win for authenticity, given the show's entertainment industry setting.

Star-Studded Company: 'Suits: LA' isn't the only project getting a Hollywood welcome:

• The long-awaited 'Community' movie scored $3.3M in tax credits.

• Shailene Woodley's Janis Joplin biopic secured $2.5M.

• A Hulk Hogan-Gawker drama from Ben Affleck and Matt Damon also nabbed $2.5M.

Closing Thoughts: Despite losing ground to rival cities, Hollywood still maintains its lead in the entertainment industry. As California rolls out the red carpet for high-profile projects like 'Suits: LA,' it's betting big on these incentives to stem the tide of runaway production. The question remains: Will this tax credit gamble be enough to reinforce Los Angeles' position as the entertainment capital of the world, or will other states up the ante in the battle for showbiz dollars?

📺🏈 As the Disney-DirecTV standoff enters week two, viewers are flocking to services like YouTube TV. The standoff has left 11.3M viewers without ESPN and ABC. Monday Night Football fans scrambled for alternatives, and even last night’s presidential debate got caught in the crossfire when DirecTV rejected Disney's temporary ABC feed offer. As the blackout drags on, streaming services like YouTube TV are seeing a subscriber surge, with industry insiders warning these viewers might never return to traditional TV. This dispute is accelerating the "cord-cutting" trend that's seen 30M+ ditch regular TV packages since 2015. DirecTV's push for smaller, cheaper bundles clashes with Disney's demand for wider channel distribution, all while viewers explore new watching options. It's not just about missed games or shows anymore—with each passing day, this standoff nudges more viewers towards streaming, potentially changing how we consume television for good.

🎬🔝 Netflix's ‘Rebel Ridge’ just pulled off a rare feat: hitting #1 without A-list stars or a bloated budget. This Jeremy Saulnier-directed thriller, starring Aaron Pierre (who replaced John Boyega), proves there's still appetite for well-crafted, character-driven stories in streaming. It's a win for quality over spectacle, suggesting Netflix can succeed with thoughtful, mid-budget films. ‘Rebel Ridge’ might just spark a strategy shift, showing that director-driven projects can captivate viewers as much as pricey blockbusters.

📺🗳️ Remember ‘Succession’? Well, life's imitating art at News Corp. Activist investor Starboard is pushing to end the Murdoch family's iron grip on this global media giant. 93-year-old Rupert and his kids control 41% of voting power with just 14% ownership of the $15B media giant, thanks to a dual-class share structure—which essentially means their shares have super-voting powers. Starboard's basically saying, "Why should Rupert's kids play CEO just 'cause they're Murdochs?" Adding to the drama, three Murdoch kids are suing Dad for naming conservative-leaning brother Lachlan as heir apparent. With News Corp's empire spanning from the Wall Street Journal to Realtor.com, this family feud could have significant ripple effects across the media industry. Any shift in power could impact editorial decisions, business strategies, and partnerships in publishing and beyond. Starboard needs almost all non-Murdoch shareholders on board to win this power play.

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Development 🗒️

• Destin Daniel Cretton is in early talks to direct ‘Spider-Man 4’ for Sony, with Tom Holland and Zendaya potentially returning. (more)

• HBO opens casting for its upcoming ‘Harry Potter’ series. (more)

• Brendan Gleeson officially joins Amazon’s ‘Spider-Man Noir’ series, where he’s expected to play the main villain alongside Nicolas Cage. (more)

• Anthony Zuiker is adapting ‘The Quiet Tenant’ for TV, teaming with Charlize Theron’s Secret Menu and Blumhouse. (more)

• Vincent D’Onofrio joins Darren Aronofsky’s crime thriller ‘Caught Stealing,’ starring Austin Butler, with his role kept under wraps. (more)

• Netflix secures ‘Aaron Rodgers: Enigma’ docuseries, premiering Dec. 17, as part of a broader push into sports content. (more)

• Melvin Gregg, Chelsea Frei, and Ramona Young join Peacock’s ‘The Office’ spinoff. (more)

• Bad Bunny joins the cast of Netflix’s ‘Happy Gilmore 2,’ alongside returning stars Julie Bowen and Christopher McDonald.​ (more)

• HBO orders a new untitled comedy series from Rachel Sennott. (more)

• Josh Brolin passes on the lead role of Hal Jordan in HBO’s ‘Lanterns,’ prompting DC Studios to search for a new actor for the series. (more)

• Emily Mitchell will star as JonBenét Ramsey in Paramount+’s limited series, alongside Garrett Hedlund, Alison Pill, and Owen Teague. (more)

• Nicholas Galitzine joins the cast of ‘100 Nights of Hero,’ a feminist fairy tale adaptation directed by Julia Jackman. (more)

• Jon Bernthal and Pablo Schreiber join Tessa Thompson in Netflix’s ‘His & Hers.’ (more)

• ‘SNL’ adds Ashley Padilla, Emil Wakim, and Jane Wickline as featured players for S50. (more)

Fall Festival Updates 📽️

• Luca Guadagnino’s ‘Queer’ secures international sales deal with The Veterans after festival premiere. (more)

• Samuel Goldwyn Films acquires North American rights to medieval action-drama ‘William Tell.’ (more)

✅ Renewed & Cancelled ❌

• Peacock shelves ‘Couple to Throuple’ after one season. (more)

Business 🤝

• Josh McLaughlin has been named President of Jake Gyllenhaal’s Nine Stories Productions. (more)

Other News 🚨

• Tribeca Festival launches its first European edition in Lisbon this October, featuring U.S. and Portuguese films, series, and panels with international and local talent. (more)

• Top actors are using this science-backed trick to level up their craft. (more)*

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