Michael Schneider Variety Editor at Large It wasn’t that long ago that live telecasts like major league sporting events and star-studded awards shows were considered the savior of networks struggling to maintain relevancy in a streaming age. And while streamers have taken their lumps lately — and sports is indeed keeping the lights on in linear — the age of blockbuster awards shows appears to be over. Which would mean it’s perhaps an inopportune time for the ceremonies out there looking for a new home or, in the case of the Golden Globes, looking to return, period. Late last month, the Hollywood Foreign Press Assn. agreed to let Eldridge Industries, run by Todd Boehly, purchase the Golden Globes and make that part of the HFPA a for-profit enterprise. Eldridge has also taken control of Dick Clark Prods., the company that produces the Globes, which means Boehly has a vested interest in getting the show back on NBC.
MRC Parts Ways With Todd Boehly’s Eldridge and PMRC
06.08.2022 - 03:05 / thewrap.com
The MRC Entertainment has separated its media assets from Todd Boehly’s Eldridge Industries in a reorg in which MRC co-CEOs Modi Wiczyk and Asif Satchu will take bigger stakes in production with Eldridge keeping Dick Clark Productions and a Penske Media joint venture. MRC will retain and control its existing operations as a leading independent studio, with three distinct divisions — film, TV and nonfiction. MRC will also retain its stakes in Civic Center Media and T-Street, the companies said Friday in a news release.Eldridge will retain Dick Clark Productions, investments in A24, Fulwell 73, Sugar 23 and Luminate, as well as the Penske Media Corporation, which includes The Hollywood Reporter, Variety, Billboard, Rolling Stone, Deadline Hollywood, Vibe, Music Business Worldwide, Life Is Beautiful and a majority investment in South by Southwest.
Eldridge will also remain as a significant minority shareholder in MRC. “When we combined forces in 2018, we set out to accomplish an ambitious set of objectives. We are immensely proud of our team’s resulting success.
The Live & Alternative group changed the model for awards shows, bringing them into the streaming age. Our Film, Television and Non-Fiction studio businesses have all experienced a quadrupling of their slates.
And our minority holdings have enjoyed wonderful periods of growth,” Satchu and Wiczyk said in a statement. “We thank Eldridge for their continued partnership and wish all of our colleagues the very best for the future.” “The announcement today marks a significant milestone for Eldridge and MRC, representing our commitment to building successful brands in the industry,” Boehly said.
Turnstile and original guitarist Brady Ebert are “parting ways”
Turnstile have announced they are parting ways with guitarist Brady Ebert after 12 years together.The outfit shared the news in an Instagram story, writing: “We are deeply grateful for our time together. Our love for him continues and we wish him nothing but the best moving forward.”Ebert is yet to comment on his reason for leaving the band, and no details surrounding the circumstances have been given.
CNN Parts Ways With Legal Analyst Jeffrey Toobin
Brian Steinberg Senior TV EditorJeffrey Toobin, the veteran legal analyst and writer who has opined on cases and the courts for CNN since 2002, appears to have offered his last testimony at the Warner Bros. Discovery-backed news outlet.In a letter sent Friday to colleagues, Toobin revealed that he is parting ways with CNN, which has backed him in good times and bad.
Helen Hoehne Re-Elected as President of Hollywood Foreign Press Association
Carson Burton The Hollywood Foreign Press Association (HFPA) has announced the re-election of Helen Hoehne to another term as president. According to the HFPA’s press release, Hoehne won by “an overwhelming margin.” “I am humbled and truly grateful to be re-elected,” Hoehne said. “This is a vote of confidence in the changes we have made and the course we have charted in moving the HFPA forward with its reforms towards greater diversity, integrity, and transparency. I am optimistic about our future and the future of the Golden Globes, as well as the impact we hope to have in using this platform to continue our philanthropic efforts.”
Uma Pemmaraju Dies: Original Fox News Anchor Was 64
Uma Pemmaraju, who was one of the original anchors when Fox News launched in 1996, has died, according to the network. She was 64.
Golden Globes Return To NBC “Not A Done Deal”
Reports of the Golden Globes resurrection on NBC might be premature.
Eldridge & MRC Separate Their Combined Media Assets
Eldridge and MRC said today that they have completed the separation of combined media assets.
MRC Chiefs Modi Wiczyk and Asif Satchu Part Ways With Eldridge, PMRC Joint Venture
William Earl MRC leaders Modi Wiczyk and Asif Satchu and Todd Boehly’s Eldridge holding company have reached a deal to carve up their jointly owned assets into separate business entities.Wiczyk and Satchu will retain the MRC production entity, home to TV series including Netflix’s “Ozark” and Hulu “The Great,” and MRC’s investments in content shops Civic Center Media and T-Street.Eldridge will retain Dick Clark Productions and investments in hot indie studio A24, James Corden and Ben Winston’s Fulwell 73, Michael Sugar’s Sugar 23 and audience data firm Luminate. Eldridge also holds on toits minority stake in the PMRC joint venture established in 2020 that is the parent company of Variety, Rolling Stone, Billboard, Vibe, The Hollywood Reporter, Music Business Worldwide, the annual Life is Beautiful music festival and an investment in the SXSW festival franchise that is expanding beyond its Austin, Texas roots next year with an edition in Sydney, Australia.