The Hollywood Radio and Television Society has elected 12 new board members and six new advisory council members, and extended CEO Melissa Grego’s contract through 2025, the organization announced Wednesday.
30.06.2023 - 22:07 / deadline.com
Paramount Global has re-upped CFO Naveen Chopra through 2026.
In an SEC filing Friday, the company said it had reached a three-year contract extension with the former Amazon and Pandora executive. The pact started June 21 and runs through June 20, 2026, the filing said.
Chopra joined the company in 2020, when it was known as ViacomCBS. He has been a key lieutenant for CEO Bob Bakish, articulating the financial rationale behind strategic moves like the company’s push into direct-to-consumer streaming and a number of cost reduction initiatives. One notable streamlining move took effect earlier this week, with Paramount+ officially adding the premium tier Paramount+ With Showtime in sync with a rebrand of the linear network formerly known as Showtime. The company has estimated the move could save $700 million as it combines operations of two formerly stand-alone streaming outlets.
Under the new contract, Chopra will maintain a base salary of $1.4 million and will have an increase in his target annual cash bonus to 175% of the base salary, with target value for equity compensation upped to $4.15. In 2022, according to the company, Chopra took home $6.5 million in total, up from $4.1 million in 2021.
Like many media companies, Paramount remains challenged by the decline of pay-TV and uncertainty surrounding the theatrical film marketplace. Its shares fell 14% in the first half of 2023, though they have rebounded a bit from a steep plunge earlier this year following weaker-than-expected guidance, investor concerns about streaming expenses and general market volatility.
In an appearance this month at a conference hosted by investment firm Gabelli & Co., Chopra highlighted moves like the sale of book publisher Simon &
The Hollywood Radio and Television Society has elected 12 new board members and six new advisory council members, and extended CEO Melissa Grego’s contract through 2025, the organization announced Wednesday.
Michael Schneider Variety Editor at Large Melissa Grego, a former Variety reporter who brought new energy to the Hollywood Radio and Television Society as CEO and helped expand its membership base to the largest in its 76 year history, has extended her contract with the organization to 2025. The news comes as the HRTS, which provides programming, fellowship and other support for executives, aspiring industry leaders and others across the business, has announced a newly elected group of board members and advisory council members. The news was announced on Wednesday by HRTS president Odetta Watkins — whose day job is serving as head of drama series at Amazon Studios — and Grego. Grego, whose previous work as a journalist also included overseeing the TV trade Broadcasting & Cable as its editor, joined HRTS in 2017 and immediately began collaborating with its board (which also includes HRTS chairperson Dan Erlij, the senior partner and co-head of TV literary at UTA) to grow the org’s various programs and create some new ones.
Priyanka Chopra is receiving the gift of Nick Jonas’ love on her special day.
Priyanka Chopra turned to her husband, Nick Jonas, for an assist in taking down her slicked-back ponytail after the couple enjoyed a day out at the Wimbledon Tennis Championships at All England Lawn Tennis and Croquet Club in London, England, on Saturday. The actress took to Instagram to share a funny video of their car ride home, in which Jonas appears focused on working his fingers through her ultra-tight hairstyle, even using a flashlight to aid the process. At the end of the clip, Chopra lets out a quiet «Ow» as he continues twisting at the base of the pony. «Ponytails are complicated,» she wrote in her caption. The fashionable pair stepped out in complimenting styles for the outing, with Chopra — who will celebrate her 41st birthday on Tuesday — in a green watercolor-style dress with ruffled sleeves and black boots and Jonas, 30, in a tan houndstooth suit and tie.A post shared by Priyanka (@priyankachopra)Jonas took to his own Instagram to share some personal snaps from their date. «Beautiful day out at the tennis with my ❤️» he wrote.
and and raises them some peep-toed thigh-high boots.On July 15, attended the Wimbledon Women's Final with her husband wearing a green and black midi dress, skinny sunglasses, and a pair of black thigh-high sock boots with her toes poking out. Much like pairing closed-off socks with sandals that are inherently designed to show toe, these shoes appear to go against their own full-coverage design by granting onlookers a peek at Chopra's fresh pedicure.
Priyanka Chopra Jonas nearly had a hair mishap on the way home from Wimbledon, but her husband, Nick Jonas, was able to step in and save the day.
The studios are putting on a united front when it comes to the striking scribes and actors, but Warner Bros Discovery and Paramount Global dust-up over who really has the streaming rights to Eric Cartman and the South Park gang shows no signs of settling down.
EXCLUSIVE: A day after Amazon Freevee’s Jury Duty made Emmy history as the first AVOD show to land major nominations, including Outstanding Comedy Series, the documentary-style half-hour is extending its stay on Amazon’s main platform, Prime Video.
Atlantic Coast Conference college football and basketball games are heading to The CW. The network announced today it has secured exclusive broadcast rights to 50 games each season through 2026-27. The CW acquired the rights from Raycom Sports who sublicenses the rights from ESPN.
Bob Iger will remain at the helm of Walt Disney Co. through 2026, fulfilling a prediction from many in the industry that he would not step down as CEO at the end of next year as originally planned. Disney shocked the entertainment business in November 2022 when it opted to bring Iger back as CEO, less than a year after he stepped down after a storied run 15-year run. At that time Disney emphasized that Iger’s top priority would be finding a suitable successor. In February 2020, Disney veteran Bob Chapek took the reins from Iger as CEO, while Iger remained chairman. Chapek had a famously rocky run in the job, which led to the Disney board’s decision to re-recruit Iger.
Bob Iger is staying with Disney.
Gene Maddaus Senior Media Writer SAG-AFTRA has agreed to a last-minute call for federal mediation of its contract, but indicated it will not extend its deadline for deciding whether to go on strike beyond Wednesday at midnight. That would appear to leave relatively little time for a mediator to avert a strike, which could begin as soon as Thursday morning. In a statement on Tuesday afternoon, the union emphasized that “time is running out” and made clear that relations between the two sides have become extremely strained. “The AMPTP has abused our trust and damaged the respect we have for them in this process,” the union said. “We will not be manipulated by this cynical ploy to engineer an extension when the companies have had more than enough time to make a fair deal.”
Gene Maddaus Senior Media Writer California Gov. Gavin Newsom signed a bill on Monday that extends the state’s $330 million tax incentive for film and TV production. The program will be extended for five years through 2030. For the first time, the credit will be refundable, meaning that companies like Netflix that have little or no state tax liability can receive cash back from the state. That change has been estimated to cost $200 million. The bill is the result of more than a year of bargaining between Hollywood studios, entertainment unions and state lawmakers. In addition to extending the credit, the bill also includes an incentive for productions to hire a diverse workforce, both on screen and behind the camera.
Having two mega-famous sisters-in-law can sometimes have its downsides.
Danielle Jonas is opening up about the struggles of having famous sisters-in-law.During a June 27 interview with the podcast, the former television personality — who is married to Kevin Jonas of the Jonas Brothers -- shared that she sometimes feels «less than» her sisters-in-law Priyanka Chopra Jonas and Sophie Turner. «I am so different than them,» Danielle admitted. «It's actually made it work even more because we're not trying to fight for the celebrity part of it or whatever, but it is a love-hate.
Three Ukrainian refugees were invited by Harry Styles to his weekend concert “Love on Tour” in Warsaw, Poland, reports Variety.
UPDATED with joint statement: SAG-AFTRA and the Alliance of Motion Picture and Television Producers agreed Friday to extend their current film and TV contract until July 12 to allow bargaining on a new deal to continue, both sides said this evening. The current contract had been set to expire tonight at midnight PT, after which it would have likely meant a second major Hollywood guild would be on strike against the studios.
Some possible optimism here for the future of ABC’s Home Economics. We’ve learned that cast options have been extended beyond the June 30 deadline, possibly indicating that renewal prospects are good for the comedy series that remains on the bubble. There has been no decision on a renewal yet, however, we hear.
EXCLUSIVE: As his series creation The Bear turned in record Season Two ratings for Hulu, Christopher Storer is set to direct at Paramount Pictures The Winter of Frankie Machine, an adaptation of the 2006 Don Winslow novel. The film will be produced by Shane Salerno and The Story Factory, and Storer will use the Brian Koppelman & David Levien draft those writers did when Martin Scorsese was going to direct Robert De Niro in the lead role.
Jem Aswad Executive Editor, Music Hairspray. Spandex. Leather pants. Makeup. The ‘80s metal scene left a long and lasting legacy, and the stories of five of its top artists are told in “I Wanna Rock: The ‘80s Metal Dream.” Paramount+ has announced that the new three-part docuseries will premiere exclusively on the service on Tuesday, July 18 in the U.S. and Canada and internationally on Wednesday, July 19 in the U.K. and Australia, with further international markets to follow later this summer. The series follows members of the bands Skid Row, Winger, Twisted Sister, Vixen and the Scream as they chased fame and found it. While artists like Motley Crue, Def Leppard, Guns N’ Roses and others found even bigger and more lasting success, these artists’ stories are more suited to tell the story of struggle, success, and struggle again.