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Why Hollywood's biggest stars keep saying yes to Christopher Nolan
"The Odyssey" director Christopher Nolan is famous for reuniting with the same actors. Here's what keeps stars like Cillian Murphy, Michael Caine, and Anne Hathaway coming back.
West Hollywood businesses recover from water main break while another water line leaks
West Hollywood businesses recover from water main break while another water line leaks
Batman's Wayne Manor hits market for $32 million — but Hollywood history comes with hidden costs
HOLLYWOOD WALK OF FAME CLASS OF 2027 ANNOUNCED BY WALK OF FAMERS MING-NA WEN AND SHEILA E.
A new group of entertainment professionals in the categories of Motion Pictures, Television, Live Theatre/Live Performance, Radio, Recording and Sports Entertainment have been selected to receive stars on the Hollywood Walk of Fame by the Walk of Fame Selection Committee of the Hollywood Chamber of Commerce.
Amazon Prime Video Adds Video Games to Bundle Through Luna
The Amazon Luna gaming platform, which had been included in the larger Prime offering, will now be baked into Prime Video too.
1.3K views · 16 reactions | Sony Pictures Entertainment said that it...
Sony Pictures Entertainment said that it would reopen the Cinerama Dome, a Hollywood landmark, in 2028 after a renovation. Read more: https://nyti.ms/4x35CMZ
The New York Times
Sony Pictures Entertainment will reopen Hollywood's iconic Cinerama Dome theater in 2028 after a renovation. The venue closed in 2020 because of the pandemic. https://nyti.ms/4gSfAvH
HOLLYWOOD WALK OF FAME CLASS OF 2027 TO BE ANNOUNCED BY WALK OF FAMERS MING-NA WEN AND SHEILA E. AND HOLLYWOOD CHAMBER OF COMMERCE PRESIDENT & CEO RON FRIERSON DURING LIVE PRESS CONFERENCE AT FUNKO HOLLYWOOD
A new group of 32 entertainment professionals in the categories of Motion Pictures, Television, Live Theatre/Live Performance, Radio, Recording, and Sports Entertainment have been selected to receive stars on the Hollywood Walk of Fame.
Halloween Horror Nights drops new scare zone inspired by 'Fortnitemares'
It will debut this fall at Universal Orlando Resort, beginning Aug. 28, and at Universal Studios Hollywood on Sept. 3.
Sony and Alamo Drafthouse are reopening Hollywood's Cinerama Dome
After a six-year closure and an uncertain future, the Cinerama Dome is back. Sony Pictures Entertainment and Alamo Drafthouse are restoring the historic theater and plan to reopen it in early 2028.
Cinerama Dome, an iconic Hollywood theater shuttered by pandemic, will reopen
Alamo Drafthouse Cinema will operate it
Cinerama Dome, an iconic Hollywood theater shuttered by pandemic, will reopen
Alamo Drafthouse Cinema will operate it
Jen Palmieri Has a New Politics Show
Jennifer Palmieri has also brought on former NOLA mayor Mitch Landrieu and journalist Errin Haines for 'Long Play,' a six-part docuseries about the region’s complexities.
Dixon Q. Dern Dead: Desilu, CAA Lawyer Was 97
He also worked for the animation studio UPA, CBS and United Artists Television, and his clients included Bob Hope, Jackie Gleason and The Jackson 5.
Is PENN Entertainment (PENN) Undervalued After Its Alberta Online Gaming Launch?
PENN Entertainment (PENN) is in focus after launching theScore Bet Sportsbook & Casino in Alberta, along with standalone theScore Casino and Hollywood Casino apps, extending its Canadian online gaming reach across the province. See our latest analysis for PENN Entertainment. The Alberta launch lands while PENN Entertainment’s share price sits at $21.23, with a 7 day share price return of 5.2% and a 90 day share price return of 43.7%. This contrasts with a 1 year total shareholder return of...
Dixon Dern Dead: Influential Entertainment Lawyer Was 97
Dixon Dern, a longtime Hollywood attorney who helped shape modern entertainment law, died July 19. He was 97.
Kovert Creative Taps Mallory Morehead Pritzl for Entertainment PR Team
Based in L.A., Morehead Pritzl will oversee comms for programming-focused clients ‘Jimmy Kimmel Live!’, Paper Kite Prods. and SmartLess Media while working with Bloomberg Media and Spotify.
VIDEO: NFIB’s Holly Wade Joins Bloomberg to Discuss Rise in Small Business Optimism
NFIB Research Center Executive Director Holly Wade joined Bloomberg: The Close last week to analyze June’s Small Business Optimism Index.
Commentary: Hollywood's guaranteed paydays for stars are bad bets now
Rather than making a summer splash, Disney’s live-action "Moana" remake floundered at the box office. Opening with $43 million domestically against a $250 million production budget, the film is already
Commentary: Hollywood's guaranteed paydays for stars are bad bets now
Rather than making a summer splash, Disney’s live-action "Moana" remake floundered at the box office. Opening with $43 million domestically against a $250 million production budget, the film is already
Tom Cruise and Half of Hollywood Lit Up the 2026 World Cup Final
The movie star, who is promoting the heck out of his new film “Digger,” put his stamp on Sunday’s World Cup final, and was joined by half of Hollywood.
Water main break cleanup continues as West Hollywood businesses count losses
Officials have replaced the ruptured pipe but still need to test it to ensure it is functioning properly.
West Hollywood Flooding Forces Road Closures Around Sunset Strip
A 110-year-old pipe rupture sent thousands of gallons of water into the street Thursday, shut down major roads, and forced Dialog Cafe and other local businesses to close.
More Trust and Estate Disputes Are Becoming Business Litigation
As more families transfer business interests, commercial real estate, and other complex assets, trust and estate advisers may need to brush up on partnership law, corporate governance, contractual rights, tax planning, or real property law, FBFK Law’s Holly Gilani says.
Century-old water main floods West Hollywood, damages businesses as questions grow over aging infrastructure
Exclusive FOX 11 video captured the moment floodwaters rushed into Dialog Coffee, where owners now face costly damage and cleanup.
PENN Entertainment expands its online gaming footprint in Canada
The Berks firm launches theScore Bet Sportsbook and Casino, theScore Casino, and Hollywood Casino standalone apps in Alberta.
PENN Entertainment expands its online gaming footprint in Canada
The Berks firm launches theScore Bet Sportsbook and Casino, theScore Casino, and Hollywood Casino standalone apps in Alberta.
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
THR Power Business Managers 2026: Nominations Are Open
Pitch to be named one of entertainment’s top personal finance wizards in The Hollywood Reporter for 2026.
Report: OnePlus to Pull Out of US and Europe
OnePlus is exiting the U.S. and European smartphone markets as part of a broader restructuring at parent company Oppo, Bloomberg reports. OnePlus is a wholly-owned subsidiary of Oppo. The change could happen as early as this week, according to a person familiar with the matter who spoke to Bloomberg. Realme, another Oppo-owned mobile brand, will exit the China market as part of the same restructuring.
Imax to Develop Entertainment System for Self-Driving Cars in China
The big-screen innovator and Goer Dynamics, an arm of the Chinese manufacturing giant behind Meta's headsets and Apple's AirPods, aim to start production by the end of 2026.
Modi’s government brought Bollywood to heel. Hollywood should pay attention.
A censored Indian film shows how quickly creative freedom can buckle under political pressure.
Tom Cruise’s love for ‘Amores Perros’ led him to ‘Digger’
Tom Cruise has launched an early promotional tour — and preview of a potential Hollywood awards campaign — for his next film. The 64-year-old star says he still remembers being
Horvath Convenes Entertainment Union Coalition to Advance Solutions for Hollywood
Supervisor Horvath met with leaders of the Entertainment Union Coalition to discuss the urgent challenges facing Los Angeles' film and television industry and identify strategies to keep production, jobs, and investment in the region.
County business park to get first infrastructure, new name
New Hanover County’s Holly Shelter Business Park could be getting its first infrastructure and a new name in the coming months. The New Hanover County Board of Commissioners unanimously approved a $6.5 million infrastructure construction contract and renaming on Monday. Once developed, the approximately 300-acre master-planned industrial park is expected to accommodate more than 2 million square feet of industrial space. The construction contract was awarded to Carolina Civilworks, which submitted the lowest responsive bid for the construction of the infrastructure, Akin Akinola, the county’s engineer, told commissioners on Monday. In May 2023, the county approved a development agreement with Sidbury Land & Property Company to establish the business park. The firm then conveyed approximately 52 acres to the county, giving officials the option to purchase another 200 acres, Akinola said. “The county’s role is to construct the initial public infrastructure that will make the site ready for future development,” he said. “Today’s contract award represents the first major construction phase of that project.” The first phase of development will include approximately 2,750 linear feet of business park roadway, a water main and fire hydrants, along with a sanitary sewer pump station, sewer force main and gravity sewer. Other infrastructure will include a right-turn lane on Holly Shelter Road, along with associated drainage, utilities and traffic control improvements. “Completing this work establishes the backbone infrastructure necessary to serve future development and positions the site for future economic investment,” Akinola said on Monday. County staff, in consultation with Wilmington Business Development officials, are also recommending renaming the park as the I-40 Coastal Commerce Park, said Jennifer Rigby, the county’s chief strategy officer. The new name would emphasize the park’s proximity to I-40 and its location on the coast, she said. Several county commissioners also asked to add New Hanover County's name to the business park's name to commemorate the county's contributions. “We are hoping to achieve space for our businesses to grow and expand here in New Hanover County,” Rigby said. “We’ve had great success with out Blue Clay Business Park and this is another opportunity to really provide locations for our businesses to grow and expand.”
The celebrities who had to RSVP 'no' to Taylor Swift's wedding, from Shania Twain to Ryan Seacrest
First came the guest list. Now comes a new Hollywood flex: explaining why you couldn't make Taylor Swift and Travis Kelce's wedding.
‘Good Mythical Morning’ Coming to Netflix In Streamer’s Latest Creator Deal (Exclusive)
The deal with Mythical Entertainment will also include 'Mythical Kitchen' and 'Last Meals,' all of which will debut on Netflix the same day they are uploaded on YouTube.
Downtown Hollywood is still waiting for its turnaround
Business owners say rising rents, a lack of foot traffic and permitting delays have kept downtown Hollywood from taking off.
New York among 12 states challenging Paramount’s takeover of Warner Bros.
The lawsuit argues that the $81 billion mega merger would “extinguish competition” in Hollywood and threaten jobs across the industry.
Should Disney Get Out of Streaming Business? One Analyst Says Yes
Wells Fargo analyst Steven Cahall argues in a new research note that focusing on IP and experiences could raise Disney's stock price by 40 percent.
PENN Entertainment Launches theScore Bet Sportsbook & Casino and theScore Casino and Hollywood Casino Standalone Apps in Alberta
TORONTO & WYOMISSING, Pa.--(BUSINESS WIRE)--Jul 13, 2026--
PA-PENN-ENTERTAINMENT
PENN Entertainment Launches theScore Bet Sportsbook & Casino and theScore Casino and Hollywood Casino Standalone Apps in Alberta
Is Tilly Norwood an actor? Hollywood wrestles with AI
As AI-generated characters proliferate, Hollywood is confronting questions about authorship, artistry and whether a program can truly be an actor.
Hollywood icon Mamie Van Doren recalls the drunk MGM megastar who interrupted her first date with Vic Damone
In her new memoir, ‘You Thought I Was Dead,’ the legendary blonde bombshell Mamie Van Doren recalls a romantic night at big band star Vic Damone’s that was cut short by one of the brightest stars at MGM.
Mamie Van Doren recalls the drunk MGM megastar who interrupted her romantic first date with big band icon Vic Damone
The last of the blonde bombshells wrote in her new memoir that the “gods of Hollywood were smiling down on me” the night of the starry affair.
Lindsey Graham Dies: How the Republican Senator Became a TV Star
The late South Carolina Republican often popped up on news shows commenting on foreign policy — and in late-night comedy shows as the subject of liberal comedic fascination
Wes Anderson's needle-drop genius gets its due at his Hollywood Bowl tribute
Anderson’s score work is planned to exacting detail. But this three-night stand with Bill Murray, Beck, Jackson Browne and more was played in the spirit of the way fans revisit his beloved films.
Test your pop culture: From Hollywood to the Heartland
Test your knowledge of entertainment with this quiz on celebrities, trends and headline-making moments. Featured this week: patriotic getaways, a stunning health transformation, Greek vacation photos ...
Legendary Television City may be be sold in further blow to Hollywood
Legendary Television City may be be sold in further blow to Hollywood
Tilly Norwood’s New Movie Rekindles Hollywood Concerns That AI ‘Actor’ Is Just Ripping Off Human Performances
The news of Tilly Norwood’s feature-length movie debut again brought out the digital pitchforks surrounding her existence, with commenters weighing in on everything from the concept of an AI actress l...
Scientists Say We May Need to Nuke Asteroids—But Not How You Think
A new study favors buried explosions over Hollywood-style head-on impacts.
Politics Puts a Spotlight on TV, Film Production Exodus From L.A.
On today's 'Strictly Business' podcast, Luminate analyst Tyler Aquilina details his report, 'Hollywood Exodus,' onthe production crisis in L.A.
Nicolas Johnson, Son of Entertainment Attorney Matt Johnson, Dies at 28
The Morehouse College graduate was killed in a single-vehicle crash in Sherman Oaks on July 1.
Nicolas Johnson Dead: Son of Hollywood Attorney Matt Johnson Was 28
The Morehouse College graduate was killed in a single-vehicle crash in Sherman Oaks on July 1.
Behind Christopher Nolan’s 6-country epic undertaking to bring ‘The Odyssey’ to the big screen
Christopher Nolan has taken on the epic challenge of adapting “The Odyssey” into a large-scale Hollywood film.
Chatbot Company Character.ai Is Entering the Microdrama Space
The fraught chatbot company is entering the crowded world of vertical videos — with an AI twist.
8 actors who walked away from Hollywood
From Grace Kelly to Leelee Sobieski, these eight actors traded Hollywood for a different life.
Actors’ Equity, IATSE, Local 802 AFM Endorse New York Gov. Hochul
Actors’ Equity, IATSE and AFM Local 802 are backing the Democratic incumbent for reelection, citing her support for the industry.
Katie Couric Suffered Amnesia in Health Scare
The veteran news anchor shared the experience in a Substack post titled 'The Day I'll Never Remember.'
Fathom Entertainment New CEO Is Jason Brenek
He succeeds Ray Nutt, who announced his retirement earlier this year.
Explaining The Comcast and NBCUniversal Divorce
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) I hope everyone had a happy Fourth of July in America, celebrating the country’s 250th birthday. Frankly, I am bummed the 250th wasn’t a bigger celebration, but that’s a different topic for a different Substack. While it was generally a quiet week on the entertainment/streaming/media business fronts, we still had some interesting news stories. Actually, that kinda undersells one of the stories, a huge, huge, huge divestment that could upend the entertainment landscape... So let’s get right to it. In today’s column, I’ll cover Comcast spinning off the rest of NBCUniversal, an entertainment company investing in an LLM company and an LLM-owner investing in a movie studio, the latest round of threats of digital tariffs, and more. Let’s dive in. Subscribe Most Important Story of the Week - Most: Comcast/NBCU Breakup!!!! If I had to describe my reaction to Comcast spinning out NBCUniversal, it feels like a relationship ending, either breaking up or divorcing. Comcast’s decision to spin off the rest of NBCUniversal, after spinning off some of its cable assets into Versant last year, really does feel like a family breaking up under “irreconcilable differences”. Of my stereotypes of the entertainment moguls, my go-to for Comcast CEO Brian Roberts—heir to the Comcast fortune, but a man who’s been at the helm for 24 years now, and president for twelve years before that—is that he likes building empires. He cut his teeth acquiring cable rivals in the 1990s and tried to buy Disney repeatedly, then settled for NBCUniversal after a long court battle. (Contrast this with Rupert Murdoch, a man who also loved to buy, but would also sell when the price is right. Murdoch made Fox out of nothing, but then sold 20th Century Fox to Disney, arguably at the top of the market. So I understood why he sold.) But I don’t understand Roberts’ motivation to sell now. I have some explanations but no single, super-satisfying explanation. Strategically, it would just make more sense to have kept NBCUniversal in-house, especially for a one-time empire builder like Comcast. Yet one powerful force—arguably the decider in modern capitalism—likely overwhelmed all other considerations. At first, I thought I’d arrange my thoughts as a “Five Why” analysis, digging through each layer of the puzzle. But instead, I found myself asking, “But…why?” (And I only ended up with four sections.) So let’s look at Comcast from that angle. Then, at the end, I’ll give my biggest strategic recommendation for every company in Hollywood. It’s obvious, but sometimes, the obvious strategy is the most ignored. But…Why? The Stock Market, Conglomerations, and Sum of the Parts Analysis We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why Comcast could never get a “tech company” valuation The not-so-secret motivation for Comcast What Versant has to do with all of this The key strategic advice I think every entertainment exec should follow (though it’s really obvious) Some big AI investment news… Whether we’ll see digital tariffs… And more… ...please subscribe! We can only keep doing this great work with your support.
‘Love and Other Words’ Adaptation a Go From Magic Hour Entertainment
Max Siemers and Tanner Anderson are behind the new company, which will adapt Christina Lauren’s best-selling novel of the same of the name centered on childhood friends turned first loves who reconnect as adults.
‘Love and Other Words’ Adaptation Set With the Newly Formed Magic Hour Entertainment (Exclusive)
Max Siemers and Tanner Anderson are behind the new company, which will adapt Christina Lauren’s best-selling novel of the same of the name centered on childhood friends turned first loves who reconnec...
Kentucky Science Center announces line-up for summer Hollywood Movie Series
The Kentucky Science Center is bringing a mix of family favorites and blockbuster action with this summer’s Hollywood Movie Series.
Ohio agency looks to ban sports bettors from using credit cards to gamble
The Ohio Casino Control Commission is finalizing its rule to ban credit card transactions for sportsbooks, an agency spokesperson said.
Comcast's Sky to Acquire ITV Networks, Streaming Unit
The ITV Studios production arm will become a standalone business after the planned transaction.
PENN Entertainment (PENN) Opens New Aurora Casino As Valuation Debate Heats Up
Index moves and a new Illinois casino put PENN in focus PENN Entertainment (PENN) has just opened its US$360 million Hollywood Casino and Hotel Aurora in Illinois, while also moving from the Russell 1000 family into several Russell 2000 indices. See our latest analysis for PENN Entertainment. The recent opening of Hollywood Casino and Hotel Aurora and PENN Entertainment’s move into several Russell 2000 indices comes alongside a 50.17% 3 month share price return and a 19.13% 1 year total...
Test your pop culture: From Hollywood to the Heartland
Test your Taylor Swift knowledge with this quiz celebrating the pop superstar's headline-making romance with Travis Kelce. Featured this week: wedding details, memorable moments from their love story ...
For the 2014 film Interstellar, director Christopher Nolan hired Caltech physicist Kip Thorne as his science consultant — and the visual simulations Thorne helped design for the film's black hole were so mathematically accurate that they generated two peer-reviewed scientific papers and became the model for how astrophysicists visualize black holes today
In late 2012, when the American film director Christopher Nolan formally took over the production of a Warner Brothers science-fiction project that had been drifting through Hollywood development since approximately 2005 (originally intended for Steven Spielberg, based on a screenplay concept the film producer Lynda Obst had developed jointly with the Caltech theoretical physicist Kip […]
13 Actors Who Made the 1970s the Golden Age of Movies
Few eras in Hollywood history feel as iconic and packed with talent as the ’70s, when a group of boundary-pushing stars captured the imagination of movie lovers with unforgettable performances. From b...
Long Reads for the Long Weekend
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) Happy Fourth of July weekend! As has been a tradition of mine going back to the beginning of the EntStrategyGuy website, I’m sharing my favorite long reads of the last year, like I did in 2019, 2020, 2021, 2024, and 2025. Let’s dive right in! Subscribe “Different Prices for the Same Ride: How Uber and Lyft Use AI to Get More Money Out of You“ by Derek Kravitz in Consumer Reports I don’t think surveillance pricing, like the kind described in this brilliant Consumer Reports article, is long for the world—it’s toxically unpopular—but we’ll see if either party takes on this issue. If I ran a political party focused on affordability, I would focus on a few pro-consumer and pro-market policies: Banning non-compete agreements. Ending surveillance pricing Eliminating junk fees (read more here...) Ensuring “right to repair” for consumer (and military!) products Capping excessive app store fees Stopping digital/algorithmic price-fixing tools. Preventing automatic subscription price increases. And more. If you want to fight inflation, there are a lot of great ways to do it quickly. Speaking of higher prices... “Secret Documents Show Pepsi and Walmart Colluded to Raise Food Prices Across the Economy“ by Matt Stoller in BIG Again, I think a political party should focus on lowering prices for consumers. And deals like this—Walmart making a deal/forcing Pepsi to offer the lowest prices at its stores and nowhere else—hypothetically lower prices at Walmart...but raise them everywhere else. “15 DUIs, still driving: California’s failure to take repeat drunk drivers off the road“ by Robert Lewis and Lauren Hepler in CalMatters CalMatters does terrific reporting in California, something the Golden State desperately needs more of, and this article is a great example of that. “PugLips: The next insanely popular thing you’ve never heard of…” by Simon Carless in Game Discover Co I thought that this parody article (and yes, it’s a parody, but I was definitely unsure at first) was hilarious and totally nailed how much tech/business journalism feels these days. Actually, three of my favorite articles this year were on hype in the video game industry, including Georg Zoller’s “The Video Game Industries Very Dark Night”—which I linked to recently and wrote a follow-up here—and Owen Mahoney’s “Derek Zoolander, Videogame Exec”. In particular, I like Mahoney’s focus on user experience as a guide to what trends will actually grab hold of customers. “The Matrix Lies“ by Evan Shapiro in Media War & Peace Evan Shapiro’s first person account of his experience with AI was hilarious. I think LLMs capabilities have significantly grown from last summer, and yet...my editor/researcher just had an abysmal experience using an LLM to do a quite basic task (which our LLM normally does each week) and the LLM made a mistake on every single data entry...along with seven different mistakes affecting twelve of the twenty or so entries, including mistakes that are explicitly spelled out in the prompt. That’s a brutal failure rate. Again, if you use AI/LLM for data collection, you need to take a lot of extra steps to verify and check the data. “Ghosts in the Balcony: A Cross-Country Trip to 58 Theaters Fighting to Survive“ by Matthew Frank in The Ankler I thought Matthew Frank’s pitch to head across America to visit theaters sounded insane aggressive at the time—at least it felt that way to someone a decade older than him; man, to be in your twenties again, am I right?—but I knew the result would be great. And it was, a terrific feature by a great young writer. Also, I loved Matthew’s recent article on who’s getting the precious few entry level jobs in Hollywood. (Hint: nepotism.) “Disney erased FiveThirtyEight“ and “Did Las Vegas get too greedy?” by Nate Silver in Silver Bulletin I love media history and analysis, and there’s no one better to get the history of FiveThirtyEight than from Nate Silver, who wrote about his personal experience in one of my favorite pieces from this year. I also loved Nate’s breakdown of what’s causing Vegas’ woes, but I’ll offer one criticism, summarized as “Might I suggest antitrust?” Many centrists/center-right/libertarian thinkers (Nate is self-described as the latter) often don’t consider consolidation or antitrust as factors in policy issues like housing, America’s military readiness, or, in this case, Las Vegas. Even if libertarians want to debunk antitrust/consolidation concerns, I’d love to read that debunking. In this case, Vegas is incredibly consolidated (though it also has been for a long time) and I’d have loved to read Nate at least contending with this factor, since he addresses almost every other potential factor for Vegas’ decline. “Why Microsoft’s Carbon Removal Pullback Is Such a Big Deal“ by Robinson Meyer in Heatmap News I’m a big supporter of carbon removal efforts, but this nascent industry faces a lot of headwinds, including this big move most recently. I think it’s clear that solar panels and batteries should be able to get the world to its carbon footprint goals, but effective carbon renewal remains necessary to prevent the worst impacts of global warming. “AI is killing the cheap smartphone“ by David Oks LLMs and AI will impact the world in ways we’re not ready for, and already, third world countries are seeing the prices of cheap cellphones skyrocket due to the cost of chips skyrocketing. This article by David Oks is a terrific breakdown. “100 Days of Madness: Netflix, Paramount, Warner and the Future of Hollywood“ by Wade Major at Hollywood Heretic Wade Major dove deep into Hollywood/streaming’s financials in this must read piece. Not that I agree with everything in this article (read my take on Warner Bros./Paramount here) but the analysis is top notch. I think many people discount how quality thinking, regardless of the argument/conclusion, will make you a better thinker. “Erased by the UFC: Frank Shamrock, The MMA GOAT of the 20th Century“ by Nate Wilcox in The MMA Draw Newsletter Growing up playing the UFC fighting game on the Dreamcast, Frank Shamrock was my favorite MMA fighter, and this history/tribute to him was great. Other Fun Reads “The Hardest Part Of History To Tell Is How It Felt“ by Craig Fehrman at Defector “Unmasking the Sea Star Killer“ by Craig Welch at bioGraphic “What Could Save the Industry? Fin-Syn“ by Richard Rushfield in The Ankler Alex Rollins Berg in Underexposed on movie bumpers, pillow shots, Disney trash cinema, cult films, and Casablanca. David H. Montgomery in YouGov’s The Surveyor on punctuation marks, condiments, dinosaurs, and comic strips and kids media. “How Medium finally pivoted its way to profitability“ and “Why the best journalists on YouTube are all former Vox employees“ by Simon Owens in Simon Owens’s Media Newsletter “It’s Not Just You, Netflix Shows Have Gotten Slightly Shorter: Here’s What the Data Says“ by Kasey Moore at What’s on Netflix “Numlock Awards: How Diane Warren became the biggest loser in Oscar history“ by Nathaniel Rakich and “Numlock Awards: The Oscar Bait era is over. The Oscar Chum era is here.” by Walt Hickey & Michael Domanico at Numlock Awards
Madonna Returns With Long-Awaited ‘Confessions II’
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'Ferris Bueller' star Mia Sara stepped away from Hollywood — but still lives in L.A. for this reason
'Ferris Bueller's Day Off' star Mia Sara stepped away from acting in Hollywood, but still lives in Los Angeles to ride horses.
Morgan Fairchild has one word to describe Hollywood legend Elizabeth Taylor
Morgan Fairchild was brief when describing her interactions with the Oscar-winning Hollywood legend Elizabeth Taylor, with whom she worked in a 1980s miniseries.
How Investors May Respond To PENN Entertainment (PENN) Aurora Casino Opening And Russell 2000 Shift
PENN Entertainment recently celebrated the grand opening of its new US$360 million Hollywood Casino and Hotel Aurora in Illinois, while also being moved from the Russell 1000 family of indices into the Russell 2000, Russell 2000 Value, and Russell 2000 Dynamic indices as part of the latest rebalancing. This combination of a large-scale brick-and-mortar investment and a shift toward small-cap and value-oriented index inclusion reshapes how both fundamental and index-tracking investors may...
Sony will cease production of discs for new PlayStation games in 2028
New games sold for PlayStation consoles will only be available digitally and won’t be sold on discs effective January 2028, Sony has announced. The move applies to all PlayStation games released from that point on, including those made by Sony and those released by third parties. The PlayStation group calls the change “a natural direction for Sony Interactive Entertainment to adapt to consumer trends as the general preference for digital media significantly outpaces physical discs,” according to a PlayStation blog post reviewed by Game File in advance of its publication. As movies, TV and music have shifted from physical media to an age of downloads and streaming, Sony’s move could speed the demise of physical media in a gaming. The industry has offered consumers games via cartridges, cassettes, floppy discs, CDs, DVDs and Blu-Rays across a 50-year stretch. Sony has been reporting to investors in recent years that PlayStation games have been increasingly purchased as downloads, not as discs. The most recent figures show nearly four in five purchases of full games for PlayStation 4 and PlayStation 5 were purchased digitally in the past year. Stats like that may cause today’s news to carry an air of the inevitable. But Sony’s declaration for 2028 is still likely to produce a shock, as the biggest gaming platform on the planet that uses game discs leaves them behind. Discs going away, but the fate of game boxes is unknown Sony is committing to still selling games in physical retailers even after they drop discs in 2028. Just how those games will be sold—in boxes with codes inside, as cards marked with digital redemption codes—is unclear. Digital games will also continue to be sold in the online PlayStation Store. New games released for PlayStation consoles prior to January 2028 will be unaffected by the policy change, Sony says. That means the PS5 games of 2027, be they a new Madden, a new God of War, a new Call of Duty, a new Sly Cooper (one can dream?), would still potentially be offered on disc. PlayStation 6 implications Sony’s timeline for a transition to a no-disc era will also spin up more speculation about the timing and configuration of Sony’s next-generation console, the probable PlayStation 6. “This pretty much guarantees that PS6 won’t arrive until 2028 at the earliest,” Piers Harding-Rolls, senior games research analyst at Ampere Analysis tells Game File. Harding-Rolls also concludes from today’s news that “the base version of a PS6 will not include a physical media drive,” as Sony looks to keep costs down on the device. Sony itself is saying nothing about the PS6 today: not its timing, nor how it might or might not support internal or external disc drives in order to run disc-based PS4 and PS5 games, should the console be backwards compatible. The many signs this was coming Industry support for games being released on physical media has been waning. As has consumer interest in them. PC games effectively went all-digital years ago, thanks to the popularity of playing games through Steam and other digital storefronts. The Covid-19 pandemic and the lockdowns that kept much of the global population home helped shift shopping patterns toward downloads. Sony’s own data shows PlayStation game downloads being an uncommon consumer choice a decade ago and now becoming the norm. On consoles, physical media has been in such decline that Sony and Microsoft both launched their current gen Xbox Series and PS5 consoles in 2020 with cheaper versions that lacked disc drives. In early 2024, Phil Spencer, then head of Xbox, told me that ““[w]e ship games physically and digitally, and we’re really just following what the customers are doing.” He added that the game industry had become an outlier in still supporting disc-based entertainment, even as movies and TV have bailed on discs in favor of downloads and steaming: “Gaming consoles themselves have kind of become the last consumer electronic device that has a drive. And this is a real issue, just in terms of the number of manufacturers that are actually building drives and the cost associated with those. And when you think about cogs that we’re going to go put in a console—and as you have fewer suppliers and fewer buyers—the cost of the drive does have an impact.” Last year, the Nintendo’s Switch 2, which uses cartridges rather than discs, introduced the concept of game-key cards, which are physical media that contain no game, just a prompt for a download. Even disc-based games aren’t what they once were, now frequently containing just stubs of games rather than the whole thing. The website Does It Play has tested over 3000 games and found that, for example, that the disc version of this year’s hit 007: First Light, only contained the game’s first mission, with the rest needing to be downloaded. Beyond all that, last week brought the news that Grand Theft Auto VI, likely the biggest game launch this decade, will debut for PS5 and Xbox Series without a disc-based version. Today’s big news comes to you for free. Game File is a reader-supported publication. To receive new posts and ensure more of my work is possible, please consider becoming a free or paid subscriber. Subscribe Discs helped define PlayStation However the trends in entertainment may be going, it is still remarkable to see PlayStation ditch discs given their importance in PlayStation history: In the late 1990s, the first PlayStation’s support for games on relatively cheap CD-ROMs instead of traditional game cartridges allowed the upstart console to outmaneuver cartridge-based systems from Nintendo and Sega, as it drove down game prices down in the process. (The cheaper disc format even prompted Final Fantasy VII maker Square to taunt Nintendo in a magazine ad, saying that if the game was “available on cartridge, it’d retail for around $1200.”) PlayStation devices often doubled as machines for watching movies and TV on the latest disc-based formats. In the late 2000s, for example, Sony’s pricy PS3 gained traction as a go-to device for playing then-novel Blu-Ray discs. In 2013, Sony effectively roasted the digital game-sharing restrictions proposed by rival Microsoft for its upcoming Xbox One console by showing how games could be shared for the then-upcoming PS4. In a 21-second clip that has over 20 million views on YouTube, one PlayStation executive simply handed a game box—presumably with disc inside—to another, who said “thanks.” Sony’s possible motivations The PlayStation announcement today cites “consumer preferences” and a shift away from discs among “the broader entertainment industry,” but does not delve into the decision-making process that brought Sony to this point. Sony is not discussing the economics of this move (I asked!), but there are a number of potential factors: Abandoning discs will spare Sony the cost of manufacturing and shipping them, which analysts and industry veterans I spoke to said could account for $1 or so of a game’s retail price. For first-party games, that’s direct savings for Sony, though the amount is limited by the winnowing percentage of people who were even buying the disc-based versions. For third-party games, Sony could pass the savings on to partners or just retain the better profit margin for themselves. As the 2024 comments from Phil Spencer alluded to, leaving discs behind could mean leaving disc-drives behind, allowing Sony to produce consoles more cheaply. Switching to digital-only for games could diminish the risks of copies of new games leaking. It would also seemingly make second-hand sales of used games impossible, pushing more people to buy their own copies of games. These economic benefits for Sony could be boons for the games industry overall, Ampere analyst Piers Harding-Rolls tells Game File. Among other things, it could free publishers and retailers from having to worry about securing an inventory of game discs when trying to sell games, he noted. “If there is a way to streamline the business of games retail, I generally think it’s a good thing for the industry as it removes unnecessary costs,” Harding-Rolls said. “This will help offset pressure on margins from other directions – development and staffing costs for example.” Should the industry shift from game boxes that contain discs to smaller, cheaper game cards, Harding-Rolls said, that reduces pressure on publishers and retailers. “The advantage of everything going digital for the industry is that sales can be tracked much more easily and there is less commercial risk for publishers wanting to continue selling via retail,” he said. The shift to no discs will also likely impact game development timelines, as developers will no longer face the same urgency to have a build ready to submit to PlayStation for the production of a disc, as industry experts noted around GTA VI’s no-disc news last week. Instead, projects may gain weeks of development time, in the event delivery deadlines for platform approval move closer to release date. Preservationists’ likely worries While millions of gamers have shifted to digital, there are still people who associate game discs—and only game discs—with actual ownership of PlayStation games. That portion of the gaming community spoke up last week about wanting to buy a version of GTA VI that they could hold in their hands, could lend to a friend and could potentially pop into a well-preserved PS5 console three decades from now and still see it run. Such gamers didn’t want to worry that they’d merely purchased a digital copy that could lose access to the game if, say, the company behind the game someday turns of the servers that transmit downloadable copies. Digital copies of games are inherently less long-lasting, because consumers aren’t actually buying a game (on a disc), just buying access to the game. The fine print in online gaming shops notes this, as does a recent law that went on the books in California in 2025. That lasw requires game publishers doing business in the state to refrain from words like “sell” when offering digital copies of games, unless they explicitly tell consumers that what’s being sold isn’t the game itself but a potentially revocable license to access it. A Sony spokesperson noted to Game File that “[w]ith all digital content, including games, movies, and music, players are purchasing a personal license for non-commercial use.” Regarding the fears of PlayStation games being lost to time in an all-digital era, the rep also noted that Sony remains “committed to delivering experiences from past generations to the new platforms our players are using.” They noted that PlayStation has used emulation and remasters to keep offering its classic games to modern gamers. It’s true that many consumers have become accustomed to not having physical copies of new music albums or movies, but the relative precariousness of digital copies of games is in fact being highlighted today by…. Sony’s other big announcement: the upcoming closure of the PS3 and PS Vita online stores Sony said today that it will be closing the online marketplaces for its PlayStation 3 console and PS Vita handheld in most countries in July 2027 (sooner elsewhere: August 2026 for the PS3 store Mexico, Honduras and Nicaragua; late 2026 for PS3 in other Latin American countries and the Middle East). “We know this news may be disappointing to PS3 and PS Vita players who hold a special place in their hearts for this generation of gaming,” Sony said in its announcement, saying the move “was not an easy decision for us to make.” Sony said that PS3 and Vita marketplaces “are no longer able” to support modern commerce systems, prompting a “need” to close the shops and focus on more modern PlayStation platform stores. The news may spark some deja vu. Sony announced back in March 2021 that it planned to take the PS3, Vita and PlayStation Portable marketplaces offline that summer. The move would have caused some 2,000 digital-only games to become unavailable for new purchasers, according to a VGC analysis at the time. Fans complained loudly. By April 2021, Sony walked back the PS3 and Vita shop closures, with then PlayStation boss Jim Ryan saying “it’s clear that we made the wrong decision here.” This time around, Sony is giving a longer notice period in most regions. The closure of those stores is still likely to cut off access to new purchases of digital-only PS3 and Vita games. The current PlayStation 5 marketplace sells PS5 and PS4 games, as well as a selection of PS1 and PS2 games. It does not sell PS3 games, because games for that platform can’t run on the system (some are offered via a PlayStation Plus streaming option). Vita games also aren’t sold via PS5. Sony says digitally purchased PS3 and Vita games will be downloadable after the stores’ shutdowns “for the foreseeable future.” Sony’s move contrasts with Microsoft’s Xbox platform, which continues to sell and support games from all four Xbox console generations. But it puts it in line with Nintendo, which disabled purchases in the marketplace for its Wii console (a contemporary of the PS3) in 2019. Nintendo discontinued purchases in the online shop for its 3DS portable (a contemporary of the Vita) in 2023. The big questions about Sony’s 2028 post-disc era Will Microsoft follow suit, ending support for new disc-based games on Xbox platforms and therefore all game consoles, too? Whether Microsoft does or not, will third-parties that can no longer release games on discs for PlayStation, simply ditch the disc options across the board? Given the GTA VI no-disc experiment launching this November, will more game publishers decide to forgo disc-based offerings even in 2027? How will no-disc PS5/6 games be packaged and sold in brick-and-mortar retail stores? What becomes of game sharing in an all-digital era? Will Sony modify its current set-up, which currently allows some sharing of digital games across a pair of consoles, to allow more casual lending? (See for example, Nintendo’s year-old system of letting players lend a digital game to another player in a “family group” for up to 14 days.) Will there be a version of a PS6 with a disc drive? Or will a drive be offered as an add-on? And how will gamers who want to retain access to PS4/PS5 disc-based games react to whichever configurations Sony chooses to offer? What will the final disc-based PlayStation game be?
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Tony Goldwyn recalls Hollywood 'people that were mean' changing their attitude toward him after this hit film
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Hollywood gets into the microdrama race as mobile-first storytelling draws stars and major studios
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Ann Blyth, Oscar-nominated 'Mildred Pierce' actress, dies at 98
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Digital-Only 'Grand Theft Auto VI' Is a Car Crash for Physical Media
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Scientists uncover terrifying 19-meter sea monster that once ruled ancient oceans - Futura-Sciences
When the Deep Was Ruled by Monsters For decades, Hollywood has served us ferocious tyrannosaurs and sneaky raptors on a silver screen. But let’s not forget: the oceans of the prehistoric world had their own undisputed terrors lurking below. So move over, land-based giants—it’s time for a real-life kraken to...
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Hollywood production house closes, citing entertainment industry struggles
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Sony Pictures Invests in Cosm Dome Venues in Major Deal
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