Click to Skip Ad
Closing in...
Radius/TWC Takes 'It Follows' Wide in Theaters Friday, Pushing Back VOD Date Radius/TWC Takes 'It Follows' Wide in Theaters Friday, Pushing Back VOD Date Academy Governors: Let's Go Back to Five Best Picture Nominees Academy Governors: Let's Go Back to Five Best Picture Nominees Tom Ford Finally Unveils First Film Since 'A Single Man' with Producer George Clooney Tom Ford Finally Unveils First Film Since 'A Single Man' with Producer George Clooney Why It's Time for the Emmys to Adopt a Single 'Best Series' Category Why It's Time for the Emmys to Adopt a Single 'Best Series' Category The 10 Best Films I Saw at SXSW The 10 Best Films I Saw at SXSW The Breakout Star of Sundance's 2015 Grand Prize Winner Lands Her Next Plum Role The Breakout Star of Sundance's 2015 Grand Prize Winner Lands Her Next Plum Role Cannes 2015 Poster Sends a Love Letter to Ingrid Bergman Cannes 2015 Poster Sends a Love Letter to Ingrid Bergman Top Ten Box Office Takeaways: Why Women Like 'Insurgent' and No One Wants Sean Penn as 'The Gunman'  Top Ten Box Office Takeaways: Why Women Like 'Insurgent' and No One Wants Sean Penn as 'The Gunman' Why Hollywood is Discovering Colombia: from Medellín and Bogotá to Cartagena Why Hollywood is Discovering Colombia: from Medellín and Bogotá to Cartagena Arthouse Audit:  'It Follows' Expands as 'Danny Collins' Leads Openers and Unshelved David O. Russell Film Arthouse Audit: 'It Follows' Expands as 'Danny Collins' Leads Openers and Unshelved David O. Russell Film SXSW: Why Adrien Brody Bought a Run-Down Castle in Upstate New York to Save His Life SXSW: Why Adrien Brody Bought a Run-Down Castle in Upstate New York to Save His Life Hitchcock's 'Rear Window' Returns to Theaters Hitchcock's 'Rear Window' Returns to Theaters Watch: Lena Dunham Gets Abrasive in Seth Meyers' Writers Room as Hannah Horvath Watch: Lena Dunham Gets Abrasive in Seth Meyers' Writers Room as Hannah Horvath SXSW: How the Safdies Made Verité Drug Drama 'Heaven Knows What' with a Real-Life Ex-Junkie SXSW: How the Safdies Made Verité Drug Drama 'Heaven Knows What' with a Real-Life Ex-Junkie SXSW Wrap and Winners: Distributors, Pay Attention to These Films SXSW Wrap and Winners: Distributors, Pay Attention to These Films EXCLUSIVE: Horror Hit 'It Follows' Reveals Challenges of Theatrical vs. VOD EXCLUSIVE: Horror Hit 'It Follows' Reveals Challenges of Theatrical vs. VOD 'Two Lovers and a Bear,' Starring DeHaan and Maslany, Heads for Great White North 'Two Lovers and a Bear,' Starring DeHaan and Maslany, Heads for Great White North SXSW: ‘Trainwreck’ Star Amy Schumer Says “If You’re Against Feminism, You’re a Crazy Person” SXSW: ‘Trainwreck’ Star Amy Schumer Says “If You’re Against Feminism, You’re a Crazy Person” Will the 4th Book in the Millennium 'The Girl with the Dragon Tattoo' Series Recharge Sony Sequels? Will the 4th Book in the Millennium 'The Girl with the Dragon Tattoo' Series Recharge Sony Sequels? 9 Surprising Facts about Disney’s 'Cinderella' and One about 'Frozen Fever' 9 Surprising Facts about Disney’s 'Cinderella' and One about 'Frozen Fever'

Hollywood Health Report

Photo of Anne Thompson By Anne Thompson | Thompson on Hollywood August 18, 2009 at 7:43AM

Each day brings more news of a troubled company needing debt restructuring or a management overhaul. The Weinstein Co. and MGM are just the latest examples. All the studios face pressure from their corporate parents in a grim recession amid declining ad and DVD revenues. Sales are down across the board, including classic rereleases, and less precipitously, specialty titles.
3
Thompson on Hollywood

Each day brings more news of a troubled company needing debt restructuring or a management overhaul. The Weinstein Co. and MGM are just the latest examples. All the studios face pressure from their corporate parents in a grim recession amid declining ad and DVD revenues. Sales are down across the board, including classic rereleases, and less precipitously, specialty titles.

Each of the six media behemoths is rocked to some degree by horrid ad sales, which account for 30 to 70 % of their income. News Corp and Time Warner are coping with reeling publishing empires. NBC/Universal parent GE is dragging its troubled financing division. Disney's Robert Iger frets about ABC and theme park attendance. Sony's hardware divisions are getting slammed. All are trying to stem their losses by cutting management, production and release costs and reducing talent outlays.

On the agency side, as a sign of the new order, WME is feeling the pinch to such a degree that they've decided to pay their support staff $9.50 an hour. That's little more than minimum wage.

When this many deck chairs are about to be rearranged, folks in Hollywood start speculating. Already, with Disney's production head Oren Aviv and Universal co-chairmen Marc Shmuger and David Linde still in place, talk is swirling about who could replace them. The question is: who are the experienced players with heat right now? Names in play are Fox 2000's Elizabeth Gabler, Screen Gems' Clint Culpepper and producer Marc Platt ( Wanted ). Meanwhile, Mary Parent is responsibly fulfilling her mandate at MGM (presumably collecting several millions before the place is buried in a mountain of debt). But could Ron Meyer pull back her ex-partner Scott Stuber to run Universal?

Here's a Hollywood health report:

In Crisis Mode
MGM
The Weinstein Co.

Experiencing Upper Management Distress:
Disney/Miramax
Lionsgate
Universal/Focus Features

Under Performance Pressure
Overture
Paramount
Sony/Screen Gems/Sony Pictures Classics

Stable and Steady:
Twentieth Century Fox/Fox 2000/Fox Searchlight
Warner Bros.

On the Rise:
DreamWorks
Legendary
Oscilloscope
Summit

This article is related to: Studios, Cash Crunch, Warner Bros./New Line, Universal/Focus Features, Fox Searchlight, Twentieth Century Fox, Sony/Screen Gems/Sony Pictures Classics, Paramount/Vantage/Insurge/CBS, MGM/UA, Disney


E-Mail Updates






Festivals on TOH