PAR+ adds 6.3 Million subscribers, SHOWTIME & other streamers post lossUNI picks new FAST X helmer / COBRA KAI team sets new NETFLIX show / BRAVO makes exclusive home at PEACOCKMornin! This is Sean McNulty and here’s the Hollywood + Media news to know on TUESDAY May 3, 2022. Where somehow I don’t think the MET GALA is gonna lead the news cycle today…. or frankly anything in this email for that matter so perhaps we just dive in. FIRST: The TRIBECA FEST announced its Talks and Retrospective screenings this June, including:
ALSO: HARRY STYLES is celebrating the release of his new album on Fri May 20 by going to… the heart of Long Island. Well that’s new. He’s gonna play a show at the home of the ISLANDERS 🥅, UBS Arena with all tix just $25, incl fees. Oh that Harry… 🥰
AND: Ellen shot her last episode after a 19 year run. PLUS: Kristin Cavallari and Stephen (did he have a last name?) are reuniting to do a ‘re-watch’ podcast of “Laguna Beach”, with TBA special guests. The show premiered 18 years ago. You’re welcome Millenials. #old 📽 THE SILVER SCREENUNI picks “Lupin”, “Now You See Me” director to step in on “Fast X”Louis Leterrier is currently working out a final deal… ok I really hate saying fast & furiously here but it really does apply! 🤷♂️ He would ideally join asap to pick up where Justin Lin left off after one week of shooting (more on that below). Louis has made his career on action pics (“Transporter”, “Clash of the Titans”) so… while arguably a larger scale - this is 100% his wheelhouse. And that concludes my pun quota for May. ALSO IN MOVIES
📝 IN OTHER WORDS…
If you find THE WAKEUP useful…Share it with a friend or your work team?📺 THE TV SETNETFLIX sets Jeff Daniels to lead “A Man in Full” Tom Wolfe limited seriesDavid E. Kelley is adapting because he needs to write just one more series at NETFLIX to get his “one free month!” subscription punchcard redeemed. 🤘 It’s about an Atlanta real estate mogul facing bankruptcy who has to defend his “empire” from haters coming for him from political and business spectrums. Regina King will direct 3 of the 6 episodes. /THR NETFLIX picks up TBS Vegas action-comedy series from “Cobra Kai” teamCalled “Obliterated”, 8 hour-long episodes. TBS ordered it to series in 2019 then… un-ordered it at some point, and doesn’t sound like it was part of Zaslav’s scripted series cupboard-cleaning going on at the TURNER Networks. But perhaps the rights got freed up now… or something. About a special forces team who thwarts a bombing attempt in Vegas… and proceeds to party and get wasted in a way that only the guys who gave us “Harold & Kumar” can imagine. But turns out - the bomb was a fake and they gotta find the real bomb and save the town while drunk, high and horny. Wait how this was a TBS series?? Also how is this a series and not a movie?? I’d be totally in. I mean I still am - but… 8 episodes for this sounds . /THR BRAVO shows will now be on PEACOCK the next dayGuess the headline kinda said it all really. No longer on HULU, and for PEACOCK PREMIUM subscribers only. /THR ALSO IN TV
IN THE HOLLYWOOD EXECUTIVE SUITE
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💻 THE MEDIA BIZ#medianerd is back for 2 days!PARAMOUNT+ adds 6.8 Million global subscribers in Q1, hits 40 Million worldwidePARAMOUNT GLOBAL total Q1 Revenue was -1%. But it was +5% if you remove the lack of a SUPER BOWL factor, in case you had any question as to the power of the NFL. Being down overall isn’t great, but I guess this is ok to mixed? Overall of note:
PARAMOUNT+SUBSCRIBERS: 40 Million globally but
REVENUE: Hit $585 Million, over 2X vs. a year ago. NETFLIX brought it $7.8 Billion.
PAR+ will enter INDIA next year, via PARAMOUNT GLOBAL’s VIACOM18 network, which is getting renewed investment and has a huge partner with RELIANCE there, a huge media conglomerate if not the biggest there. PAR+ will hit the UK in June, and most of EUROPE in 2nd half of the year. SHOWTIME will become avail to add-on within PAR+ this Summer. PLUTO TVAdded 3.1 Million new monthly users, now at 67.5 Million and still the largest free-streaming service #FAST by far. REVENUE: Was $253 Million, +51% vs a year ago. TAKEAWAY6.3 Million subscribers is big growth for PARAMOUNT+, even if they didn’t define specifically where it came from. Still a long way to go in Revenue growth. PLUTO TV is still the king of the growing free-streaming business. But there are big Streaming spending losses ahead. For a long time. And we’ll see how long the Cable TV Network Revenue holds to maintain the bedrock of PARAMOUNT GLOBAL Revenue to support the big Streaming investment deficits ahead. LIONSGATE signs a “Pay 2” movie distribution deal with PEACOCK…Presumably this comes after the “Pay 2” deal LGF just signed with ROKU last week. 🤔 LIONSGATE definitely slicing the pie very thin here… Sounds like their movies will go to STARZ in their first PayTV window, then to ROKU for a TBD moment, and then onto PEACOCK for a more meaningful Pay2 window. Starts with this year’s releases which… should then begin to hit ROKU and PEACOCK in 2024. /THR ALSO IN MEDIA
🏦 STOCK NOTES:ROKU +11% ($103.13) SPOTIFY +7% ($108.86) WBD +6% ($19.25) FACEBOOK +5% ($211.13) NETFLIX +5% ($199.46) If you don’t already get THE WAKEUP, sign up here:Hits your inbox weekdays by 830a (ish) East Coast time👩💻 NEW TO WATCH:ABC game show lineup returns: “Holey Moley!”, “The Chase”, “Who Do You Believe?” BRAVO “The Real Housewives of New Jersey” reunion at 8p. Or watch on PEACOCK tomorrow! 🎥 TRAILER HOUSEWARNER BROS “Don’t Worry Darling” trailer - Well this movie definitely has a lot to live up to - this is the definition of provocative 😲. Florence Pugh, Harry Styles, Chris Pine, and Olivia Wilde star, with Olivia also has taking her directing game up even higher by the looks of it. Sure to be the hot ticket at TIFF this year. In theaters Sept 23. HBO “George Carlin’s American Dream” documentary trailer. 2 parts, from Judd Apatow, drops Fri May 20. HULU “The Valet” movie trailer - Eugenio Derbez (“CODA”) and Samara Weaving star, about a Hollywood actress who pretends to date a Valet to hide a secret affair. Premieres Fri May 20 🎧 PLAYING ME OFFMIRANDA LAMBERT dropped her new album “Palomino” on Friday (stream here on Spotify). Definitely digging quite a few tracks, including this one: If you need some new tunes: Email me anytime - just Reply to this email, or connect here on LINKED IN. -SEAN MCNULTY @theseanmac on TWITTER @TheWakeupNews on INSTAGRAM If you were forwarded this email, or basically just found it… SUBSCRIBE! Hits your inbox Weekdays by 830am. |
PAR+ adds 6.3 Million subscribers, SHOWTIME & other streamers post loss
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