Streaming Slams Into a Wall: Netflix Woes, CNN+ Shutdown Illustrate New Economic Realities

Samuel D. Hunter’s A Case for the Existence of God was named best play of the 2021-22 season today by the the New York Drama Critics’ Circle, with David Lindsay-Abaire’s and Jeanine Tesori’s Kimberly Akimbo chosen as best musical.

Anglican Bishops in Australia have voted down a statement against gay marriages that sought to affirm the “traditional view” of marriage as only between a man and a woman. The statement, introduced by the conservative Sydney Diocese and its Archbishop Kanishka Raffel, said that solemnising same-sex marriages was “contrary to the teaching of Christ and the faith, ritual, ceremonial and/or discipline of this Church.”At the 18th General Synod of the Anglican Church held earlier this week, the statement found overwhelming support among the laity and the priests. The statement passed in the House of Laity (63-47) and in the House of Clergy (70-39), but was blocked by the Anglican Bishops.

Adam Sandler‘s new film Hustle got its first trailer on Netflix!

Adam ChitwoodThe all-star cast of Steve Carell, Julianne Moore, Ryan Gosling, Emma Stone and young Joey King really make this movie. It is just the right amount of chaotic with some pretty sweet connections at the end. Cal Weaver (Carell) is floored when his wife of almost 25 years Emily (Moore) blurts out at dinner that she wants to get divorced.

Ugh. Even at one of the most prestigious fashion events in the world, one young star still had to face vulgar sexual harassment! Or so fans think…

Emma Stone is on the move!

It appears Kaley Cuoco has a new boyfriend! And no, it’s not Pete Davidson, ya rom com conspiracy theorists!

reorganized its marketing department once again, axing writers on its fledgling Tudum fan site five months after launch. And the fallout from the Warner Bros.

Disney on Tuesday announced the hire of top executives from Netflix and Facebook parent Meta to join its growing streaming team.After a decade of building all of Netflix’s global customer communication products and teams, Devika Chawla joins Disney as SVP of lifecycle engineering to lead Disney’s initiatives to optimize customer journeys, interactions, and retention on Disney+, Hulu, ESPN+ and Star+. She will report directly to Sean Curtis, SVP of Services & Data Engineering.In addition, Disney announced the hire of Arun Chandra as SVP of viewer experience.

So happy together! Emma Stone and Kieran Culkin were spotted together at the 2022 Met Gala — and their reunion proved run-ins with exes don’t have to be awkward.

Emma Stone wore a recycled dress to the 2022 Met Gala and the first time she wore it was at her wedding!

Dressing to the nines! Sydney Sweeney, Jacob Elordi and more of the Euphoria cast put their best foot forward on the Met Gala 2022 red carpet.

Jacob Elordi and Sydney Sweeney are stepping out for the 2022 Met Gala!

), “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.

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.

Jennifer Maas TV Business WriterIn the wake of big spender Netflix’s Q1 shocking subscriber loss news, David Zaslav made a point to say Warner Bros. Discovery “will not overspend to drive subscriber growth” during Discovery’s first-quarter earnings call Tuesday.“As you’ve heard me say, we are not trying to win the direct-to-consumer spending war,” the WBD CEO said, instead promising that the newly combined WarnerMedia-Discovery company would “invest in scale smartly.”Warner Bros.