šŸŽ¬ Shuffle Mode

Lionsgate's Layoffs, Disney Shuts Down ABC Signature, Sony's C-Suite Shakeup, and MORE!

šŸ‘‹ Good morning! Daniel Day-Lewis has officially traded his cobbler's tools for a script once again. The legendary actor is officially un-retiring to star in ā€˜Anemone,ā€™ his son Ronan's directorial debut. Day-Lewis is keeping it all in the family for his grand return to the silver screen. Who knew it would take his own flesh and blood to lure him out of his cobbler's workshop?

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

šŸŽž Hereā€™s whatā€™s on the reel today:
  • Lionsgate Tightens Its Belt

  • ABC Signature Gets Shut Down

  • DISH and DIRECTV Tie the Knot

  • Sony's C-Suite Shakeup

  • Last Looks: šŸ‘€ Bite-sized scoops on developing stories/projects

  • Video Village: The latest trailers

  • Martini Shot šŸø

šŸ”€šŸ˜° Hollywoodā€™s in full on shuffle mode, folks. As streaming wars rage and viewer habits continue to shift, industry players are trimming fat, consolidating, and white-knuckling through the chaos. Letā€™s take a look: šŸ‘‡

šŸŽ­šŸ’¼ Lionsgate joins Hollywood's belt-tightening. The Jon Feltheimer-led studio is offering voluntary buyouts to U.S. employees. It's basically like saying, "Hey, if you want to quit, we'll pay you to go." While Lionsgate hasn't specified a target figure, the decision follows a string of box office underperformers like 'Borderlands' ($32M globally, against a ~$120M budget). The studio's also tightening its remote work policy, mandating more in-office days to boost "in-person collaboration." All this comes as Lionsgate's stock has dropped 30% this year. Feltheimer, despite extending his CEO contract through 2029, faces the challenge of navigating Lionsgate's 20,000-title library and upcoming projects through an increasingly competitive landscape.

šŸ°šŸ”„ Disney's folding ABC Signature into 20th Television and merging ABC and Hulu's scripted teams. This shuffle, orchestrated by Eric Schrier and Craig Erwich, puts Karey Burke at the helm of the expanded 20th TV and elevates Simran Sethi to oversee the combined ABC-Hulu scripted realm. About 30 employees are getting the axe, with Tracy Underwood, ABC Signature's chief, switching to a producing gig. It's a streaming-era makeover, streamlining operations and arming Disney for the fierce TV battleground ahead.

šŸ“”šŸ¤ DISH and DIRECTV are tying the knot in a deal that's more lifeline than love story. DIRECTV's scooping up DISH for a symbolic $1, but don't be fooledā€”they're also shouldering $9.8B of DISH's debt. This merger makes them the biggest TV package seller in America with 18M subscribers, down 63% from its 2016 peak. It's a chess move in a game where streaming is king: the new DIRECTV gains leverage against content giants like Disney in carriage negotiations. Meanwhile, AT&T's cutting its losses when it comes to TV, selling its 70% DIRECTV stake to private equity firm TPG for $7.6Bā€”an 80% loss on its 2015 investment. With TPG in charge, you can bet they'll be cutting costs and playing hardball with Hollywood studios to save money.

šŸŽ¬šŸ”„ Sonyā€™s shaking up its C-suite, with CEO Tony Vinciquerra set to step down on Jan 2. Vinciquerra rode in as the white knight in 2017, tasked with steadying Sony's ship after the North Korea hack rattled the studio. His mission at the time was to put Sony's house in order without falling into the streaming money pit. Mission accomplished: Vinciquerra transformed Sony into a profitable "arms dealer" of content, scooping up Crunchyroll, inking a lucrative Netflix deal, and keeping the studio in the black while rivals bled cash chasing streaming dreams. Now, at 70, he's handing the reins to Ravi Ahuja, seeing it as the right time before the industry's next shift. He sees a storm brewing in Hollywoodā€”mergers, buyouts, and TV networks going bust. But after the dust settles, he's betting folks will be hungry for more entertainment than ever.

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Development šŸ—’ļø

  • The ā€˜Peaky Blindersā€™ movie has begun production. (more)

  • Ben Foster, Katy Oā€™Brian, and others join Sydney Sweeney in David MichĆ“dā€™s untitled Christy Martin boxing biopic, which has officially begun filming. (more)

  • Ryan Murphyā€™s new FX series ā€˜The Beauty,ā€™ starring Evan Peters, Anthony Ramos, Jeremy Pope, and Ashton Kutcher, has been greenlit. (more)

  • Madelyn Cline and KJ Apa will star in Amazon MGMā€™s romantic drama ā€˜The Map That Leads to You,ā€™ based on the novel by J.P. Monninger. (more)

  • Jason Clarke reunites with ā€˜Zero Dark Thirtyā€™ director Kathryn Bigelow for her next untitled thriller at Netflix. (more)

  • Kirsten Dunst joins Channing Tatum in ā€˜Roofman,ā€™ a true crime film directed by Derek Cianfrance about the notorious ā€˜Rooftop Robber.ā€™ (more)

  • Sean Tretta has been tapped to write Universal and Atomic Monsterā€™s reboot of ā€˜The Creature From the Black Lagoon,ā€™ with James Wan potentially directing. (more)

  • Big Talk Studios is developing a UK remake of ā€˜Cheers,ā€™ with Simon Nye as showrunner. (more)

  • Peacock is developing ā€˜The Thing About Tommy,ā€™ a true crime offshoot of ā€˜The Thing About Pam.ā€™ (more)

  • FX has picked up Ethan Hawke and Sterlin Harjoā€™s Tulsa noir drama series, titled ā€˜The Sensitive Kind,ā€™ with Hawke starring and Harjo as creator and director. (more)

  • Amazon has ordered a ā€˜Reacherā€™ spinoff starring Maria Sten as Frances Neagley. (more)

  • Sony Pictures Worldwide Acquisitions has secured international rights for Gia Coppolaā€™s ā€˜The Last Showgirl,ā€™ starring Pamela Anderson. (more)

  • Netflix is developing ā€˜In Case of Emergencyā€™, a Family Guy-style animated series set in a British hospital, from ā€˜Ghostsā€™ creators Laurence Rickard and Ben Willbond. (more)

  • Prime Video has ordered a TV series adaptation of Elle Kennedyā€™s ā€˜Off Campusā€™ book series, with Louisa Levy as showrunner. (more)

āœ… Renewed & Cancelled āŒ

  • ā€˜Billy The Kidā€™ is renewed for a third and final season at MGM+. (more)

Business šŸ¤

  • ā€˜Industryā€™ creators Mickey Down and Konrad Kay have signed a three-year exclusive television deal with HBO, starting January 2025. (more)

  • CAA has filed a lawsuit against Range Media, accusing it of stealing confidential materials and operating as an unlicensed talent agency, while seeking significant damages. (more)

Other News šŸšØ

  • CNN has launched a $3.99 per month subscription model offering unlimited access to its digital content, excluding live TV. (more)

  • Paramountā€™s TV ratings partnership with Nielsen has expired due to a cost dispute, with Paramount transitioning to VideoAmp for ratings data until a new deal is reached. (more)

  • Governor Gavin Newsom signed a union-backed bill safeguarding entertainment workersā€™ use of loan-out companies, ensuring their continued tax benefits and protections. (more)

And... that's a wrap! If you're reading this email because a friend hooked you up, don't fretā€”just hit that subscribe button and join the party. šŸ“§ šŸ‘‡

See you bright and early on Friday.

-The Dailies Team

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