“Overall, the economic impact of losing these jobs would be $1.26 billion in wages, $2.78 billion in economic value, $4.06 billion in total business output and $547 million in tax revenue, including $78.6 million in local taxes — most of which (63%) comes from property taxes.” - TheWrap
“Disney has a far stronger case against (Trump-appointed FCC chairman Brendan) Carr than Carr has against Disney,” a former FCC chief of staff said. “I doubt any court would uphold Carr's failure to renew Disney's license.” Alas, it’s not quite that simple. - TheWrap (Yahoo!)
“Los Angeles and California continue to struggle to keep movies, television series and even game shows from fleeing elsewhere. … The story of how L.A. steadily lost much of its homegrown industry to other locales is a tale of hubris, escalating costs, political inaction and fierce competition (from other locales).” - Los Angeles Times (MSN)
Consider the growing slate of satires about influencers, the numerous coming-of-age films that have tapped into teenage angst amid the rise of social media, and the fact that entire movies have been made that take place exclusively on computer screens. - The Atlantic
“Today, our industry has the wind at its back. Studio partners are creating and distributing extraordinary films. Audiences across generations are responding with enthusiasm. But none of that can be taken for granted. Global exhibition believes in a bold future for this industry, but reaching our full potential requires working together.“ - The Hollywood Reporter
“In Monday's court filing, Paramount requested (that) the plaintiff states ... as well as the Writers Guild of America post a bond that would cover some of its costs, including ‘ticking fees’ Paramount promised to pay Warner shareholders should the deal stretch beyond its anticipated September close.” - Los Angeles Times (Yahoo!)
“Further escalating its battle with the Trump administration, ABC on Tuesday took the rare step of suing the Federal Communications Commission on First Amendment grounds, saying the agency’s demand for early review of its broadcast licenses posed an ‘existential threat’ to the network.” - AP
“More than three billion people globally play some form of video games. For a media industry with falling revenues and growing audience distrust, games — ranging from simple quizzes to fully-fledged downloadable games and augmented reality experiences — have become a new way to engage and inform audiences.” - Nieman Lab
Since The Onion took over Alex Jones’s rabidly right-wing media property and turned it into a parody of itself, the brand has gotten hundreds of thousands of followers on Instagram, YouTube and TikTok. What could have been a one-note joke has become a real business, with viewership exceeding Jones’s own. - TheWrap (Yahoo!)
Microdramas may be the only thing that’s growing in Hollywood. The format is expected to generate $1.5 billion in revenue in the U.S. this year and jump to nearly $2 billion next year, according to research firm Omdia. - Reuters
ByteDance and the Motion Picture Association on Monday signed an agreement to strengthen copyright safeguards on the Chinese company's AI video and image-generation models, months after the Hollywood trade group challenged its handling of intellectual property. - Reuters
Nine PBS in St. Louis filed a lawsuit against information management corporation Iron Mountain Data Centers July 28, seeking to recover over 50 terabytes of archival materials stored in one of the company’s Denver-based data centers. - Current
RuntimeWire has been operating since May, publishing nearly 2,000 stories that it sources by crawling the internet, including court databases, web forums, traditional and new media, company filings, social feeds, and more. - Wired
For instance: “There’s a seven-minute ... tale of a mountain biker who rushes straight from a race to support his wife who’s giving birth, only to get killed by the very ambulance carrying her—all narrated from the POV of his bike.” - Slate
