Weekly Journal #152
Industry News
Netflix Could Be in for a Very Rough Quarter, Analyst Warns (MarketWatch)
Hollywood’s Next Reckoning: Studios Get Real About Runaway Spending on Streaming (Variety)
Gavin Newsom Pitches Big Change To California Film & TV Tax Credits In New State Budget Proposal (Deadline)
Starting A New Company. It's Called "Cable." (Chris Bakke via Twitter)
HBO Max Increases Monthly Price To $15.99; First Uptick Since Launch Vaults It Ahead Of Netflix In Streaming Price Ranks (Deadline)
Film
The Disappearance of the Hit-Driven Business Model (Dear Producer)
Babylon, Streaming Residuals, and the Boss’s Hollywood (The Nation)
Television
Peak TV Climbs Again in 2022, Nearly Reaches 600 Scripted Series (The Hollywood Reporter)
‘Snowpiercer’ Season 4 Won’t Air On TNT, Final Season Shopped By Tomorrow Studios Along With Potential Offshoots (Deadline)
How Much Netflix Can the World Absorb? (The New Yorker)
In Other News
Universal Music Chief Lucian Grainge Slams Streaming Economy: ‘We Need an Updated Model’ (Variety)
Onions Are So Expensive in the Philippines They’re Being Smuggled Into the Country (CNN)
Have iPhone Cameras Become Too Smart? (The New Yorker)