Hollywood Nightmare: From Netflix’s Stock Swoon to Mass Layoffs, Anxiety Grips Industry

Who doesn't love having a new Netflix show to get your teeth stuck into? And this week, The Lincoln Lawyer has shot straight to the top of the streaming giant's charts and got us all staying up way beyond our bedtimes as we binge.The ten part legal drama has brought the character of Michael Connelly back to our screens for the first time since the 2011 film. Starring Manuel Garcia-Rulfo, Neve Campbell and Jazz Raycole, it is based on the 2008 novel The Brass Verdict and is so named because the main character, defence attorney Mickey Haller (Garcia-Rulfo), works out of a chauffeur driven Lincoln town car rather than in an office.The show is the brainchild of David E Kelly who is behind some of the biggest shows in recent years including Big Little Lies, Big Sky and Nine Perfect Strangers.

The Cannes Film Festival officially kicks off tomorrow. One of the big films to be screened there is David Cronenberg‘s body horror “Crimes of The Future,” which stars Lea Seydoux (“No Time To Die“) alongside the filmmaker’s longtime muse Viggo Mortensen.

EXCLUSIVE: Production starts today in Vancouver on the new Prime Video and Blumhouse Television slasher-comedy horror feature Totally Killer starring Kiernan Shipka (Chilling Adventures of Sabrina, Mad Men), Olivia Holt (Cruel Summer), Julie Bowen (Modern Family, Life of the Party), and Randall Park (Always Be My Maybe, Fresh off the Boat).

Selome Hailu “The Pentaverate,” Netflix’s limited series starring Mike Myers as eight different characters in a story about five “nice” guys who run the entire world, didn’t make a dent in the streamer’s newly released Top 10 rankings.It’s a significant flop for Myers, who was a box office darling in the ‘90s and early 2000s for his starring in projects including the “Shrek,” “Austin Powers” and “Wayne’s World” films. But as Variety’s review noted, Myer’s heyday is behind him, and “The Pentaverate” points to “a feature, not a bug” in Netflix’s content strategy of “writ[ing] giant checks to anyone who might bring in more viewers.”The May 2-8 viewing window marked the first full week of availability for Season 4 of “Ozark,” which remained in the No.

Fans are losing it over the return of Shrek.

Caroline Framke Chief TV CriticWatching “The Pentaverate” with the purpose of reviewing it gave me enormous sympathy for Wile E. Coyote trying to trap the Roadrunner while knowing, beyond a shadow of a doubt, that it would end in him getting flattened.

Peter Debruge Chief Film CriticMike Myers has a new show, “The Pentaverate,” premiering at midnight on Netflix, but reviews are nowhere to be found. At the as-self-serving-as-it-sounds Netflix Is a Joke comedy festival — 40 minutes of not-even-remotely-funny promos for Netflix comedy shows, followed by a mutual-adoration session between Myers and director David O.

Getting real. Heather Rae Young and Tarek El Moussa opened up about the Selling Sunset star’s IVF journey, including how the Flip or Flop alum and his children have helped her through it with a touching gesture.

The Los Angeles Latino International Film Festival announced its 2022 lineup including Disney’s documentary Mija and the Warner Bros. Pictures/HBO Max film Father of the Bride bookending the celebration. LALIFF will run from June 1 to 5 at the TCL Chinese Theater and TCL Chinese 6 in Hollywood.

Cobra Kai creators Jon Hurwitz, Hayden Schlossberg and Josh Heald are kicking up a storm in Las Vegas for their latest series.

Joe Otterson TV Reporter“Cobra Kai” creators Jon Hurwitz, Hayden Schlossberg and Josh Heald have set up their action series “Obliterated” at Netflix, Variety has learned.The Netflix series orders comes nearly three years after it was originally announced the show was picked up at TBS. The show is described as an action-comedy that tells the story of an elite special forces team who thwarts a deadly threat to Las Vegas. After their celebratory party, filled with booze, drugs and sex, the team discovers that the bomb they deactivated was a fake.

Grimes called out Twitter’s “issues with public mental health” just days after her on-and-off again boyfriend Elon Musk announced he’d reached a deal to purchase the social media platform for $44bn. Canadian singer Grimes speaks with MIT podcast host Lex Fridman on his show, Lex Fridman Podcast.

Run The Jewels rapper Killer Mike‘s forthcoming cameo in the new Ozark‘s episode has been posted by Netflix.Ahead of the final seven episodes of season four, which are set to drop tomorrow (April 29), footage has been shared which shows Ruth (Julia Garnia) running into the rapper in a diner. You can view the clip below.Ruth starts a conversation with Mike that validates her interpretation of Nas’ 1994 song ‘N.Y.

), “BARDO” will enjoy a theatrical release on a global scale later this year including in Mexico, its country of origin, as well as the US, Canada, UK, Italy, Spain, Germany, Argentina, Brazil, Australia, New Zealand, Scandinavia, the Netherlands, Japan and Korea, among many more before debuting on Netflix.Iñàrritu previously worked with cinematographer Emmanuel Lubezki on his last two films to Oscar-winning effect.“BARDO” stars Daniel Giménez Cacho and Griselda Siciliani. In addition to Khondji, the film features a below-the-line team that includes production design by the Oscar-winning Mexican designer Eugenio Caballero (“Pan’s Labyrinth”) and costume design by Anna Terrazas (“ROMA”).Netflix previously released noteworthy titles like Alfonso Cuaron’s “ROMA,” Martin Scorsese’s “The Irishman” and Adam McKay’s “Don’t Look Up” in theaters before the films were available to stream on Netflix, and for Iñárritu’s first Netflix feature it appears he’s being given a similar rollout strategy – although it’s unclear if “BARDO” will have an exclusive theatrical window or if the film will release on streaming and in theaters on the same day.This is Iñárritu’s first film since 2015’s “The Revenant,” which earned him a Best Director Oscar on the heels of 2014’s “Birdman” which won Best Director, Picture and Original Screenplay.

Todd Spangler NY Digital EditorAfter years of companies spending like drunken sailors on streaming video, some are now suffering hangovers.Netflix, in the first quarter of 2022, lost customers for the first time in more than a decade. It could shed 2 million more in Q2. The streaming giant is scrambling to find new sources of revenue growth, with execs hoping to monetize password-sharing freeloaders and — previously unthinkable at the Big Red N — planning to introduce advertising-supported plans.CNN+, hailed as a bridge to the news cabler’s future, is DOA: It’s getting axed 32 days after launch under new management at Warner Bros.

Matt Donnelly Senior Film WriterThe trade organization representing American movie theater owners isn’t gloating about Netflix’s recent stock misfortunes — they’re opening their arms, they say.At CinemaCon, the annual Las Vegas convention of theatrical exhibitors, leadership from the National Association of Theatre Owners touched on Netflix’s recent subscriber losses and subsequent jaw-dropping $54 billion loss in market cap.Netflix’s sign of softening brought a screeching halt to the prevailing industry logic that going all-in on streaming investment was the way to please shareholders. While some speculated this would benefit traditional theatrical releases, Warner Bros.

the Q1 earnings were released. “As you’ve heard me say, we are not trying to win the direct-to-consumer spending war,” the WBD chief said, instead promising that the newly combined WarnerMedia-Discovery company would “invest in scale smartly.”He already made the first difficult choice within the first week after Discovery closed its $43 billion acquisitor of the larger WarnerMedia: Zaslav, notorious in the industry for being a no-nonsense cost-cutter, decided to close down the much-hyped CNN+.

millions of paying customers may cancel in the months ahead.In the first earnings report since Discovery’s $43 billion acquisition of the iconic Warner Bros. studios, the entertainment giant reported the former Discover business reported that profit increased to $456 million, compared with $140 million, in the year-ago period , while revenue jumped 13% to nearly $3.2 billion.