Hollywood

“It’s a Leaner, Meaner Business”: Hollywood Braces for Volatile 2022 Box Office

“It’s a Leaner, Meaner Business”: Hollywood Braces for Volatile 2022 Box Office

BY PAMELA MCCLINTOCK | HollywoodReporter.Com Troy Warren for CNT #Entertainment  #Business A full recovery will have to wait, and studios are now adjusting their expectations: "The bar for what type of movie is worth it in theaters has grown higher." Hollywood studio executives breathed a sigh of relief in October and November when overall moviegoing comfort levels hit an average 76 percent, the best of the COVID-19 era. While consumers ages 35 and older still were more nervous than their younger counterparts, progress was being made. Yet those comfort levels plummeted 10 points to 66 percent by Christmas — the lowest…
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Hollywood Warms to Saudi Arabia’s Money Again

Hollywood Warms to Saudi Arabia’s Money Again

BY TATIANA SIEGEL, ALEX RITMAN | HollywoodReporter.Com Troy Warren for CNT #Entertainment #Business It wasn’t too long ago that power brokers rushed to distance themselves from the country after the killing of columnist Jamal Khashoggi. Now it’s hosting a star-studded film festival and backing big-budget features with U.S. talent. In April 2018, Hollywood power players gave the royal treatment to Saudi Arabia’s Crown Prince Mohammed bin Salman, jockeying for a chance to tap into the country’s $500 billion Public Investment Fund and expanding market share. But in the wake of the murder of Washington Post columnist Jamal Khashoggi six months later —…
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Cryptocurrency Firms Spend Big on Hollywood Names to Gain Trust

Cryptocurrency Firms Spend Big on Hollywood Names to Gain Trust

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Digital FTX, CoinBase and CoinFlip are enlisting stars like Spike Lee, Neil Patrick Harris and Tom Brady (and shelling out for TV ads) to gain wider respectability and convert skeptical consumers. In 1989, the internet was cutting-edge technology. CompuServe, at the time the dominant firm in the nascent sector, wanted to introduce it to the population at large. So it did what any company would do in that situation: It bought ads on TV. “CompuServe combines the power of your computer with the convenience of your telephone,” the company’s first commercial began.…
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Hollywood: The Thompson Hotel Makes Hollywood Debut

Hollywood: The Thompson Hotel Makes Hollywood Debut

BY URAL GARRETT | HollywoodReporter.Com Troy Warren for HollywoodNewsAndTalk.Com #Lifestyle #Travel The 11-story hotel includes 190 guest rooms, a restaurant helmed by chef Lincoln Carson and a rooftop bar and pool: "We stepped up our game in sophistication." Relevant Group, developer of Hollywood’s Dream Hotel, is betting big on the neighborhood, which suffered from a loss of tourism during the pandemic. In recent weeks, though, the area has seen pedestrian activity reach 80 percent of pre-lockdown numbers and saw hotel occupancy rise 50 percent in second quarter 2021 compared to first quarter. Now, Relevant is launching its second Hollywood hotel, the Thompson (1541 Wilcox Ave., thompsonhotels.com),…
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Studios, Guilds Agree to Extend Return-to-Work Safety Protocols Again

Studios, Guilds Agree to Extend Return-to-Work Safety Protocols Again

BY THR STAFF | HollywoodReporter.Com Troy Warren for CNT The current agreement, which was reached last September, was set to expire on June 30. Hollywood’s major studios and guilds are once again extending their return-to-work talks. The current contract was scheduled to expire June 30, after getting a three month extension from the original April date. But the Alliance of Motion Picture and Television Producers (AMPTP) and the industry’s top guilds — including SAG-AFTRA, IATSE, the DGA, the Teamsters and the Basic Crafts — have agreed to keep the current protocols in place for longer. A joint statement from the negotiating…
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