Welcome to the Wide Shot, a newsletter about the business of entertainment. Sign up here to get it in your inbox.
Greetings from Los Angeles! I would like to have a word with whoever decided we needed to have the Oscar nominations and the Sundance Film Festival at the same time.
By the way, the market at Sundance is heating up big time, despite all the anxieties about indie box office and streaming profits.
John Carney’s latest musical charmer “Flora and Son” just sold to Apple for somewhere in the ballpark of $20 million (more or less, depending on whom you ask).
That follows big checks written by Netflix ($20 million for “Fair Play”) and Searchlight Pictures ($8 million for “Theater Camp”).
Anyway, the nominations for the 95th Oscars are here, and there’s a lot to talk about.
The headline is that A24’s “Everything Everywhere All at Once” came in strong (11 noms), followed by Searchlight’s “The Banshees of Inisherin” and Netflix’s “All Quiet on the Western Front” (nine for each.) Here are some initial thoughts.
New Mexico prosecutors on Thursday announced felony criminal charges against Alec Baldwin and the armorer of the low-budget western “Rust” following the fatal shooting of the film’s cinematographer, Halyna Hutchins, more than a year after the accident involving a firearm that was being used as a prop.
Baldwin is charged with two counts of involuntary manslaughter in Hutchins’ death. Weapons handler Hannah Gutierrez Reed, who loaded the gun, also faces manslaughter charges, which are punishable by up to 18 months in jail and a $5,000 fine. Assistant director David Halls reached a plea agreement on a misdemeanor charge in connection with the fatal shooting, which also wounded director Joel Souza.
Baldwin’s attorney, Luke Nikas of Quinn Emanuel, said the decision “distorts Halyna Hutchins’ tragic death and represents a terrible miscarriage of justice.”
The case against Baldwin won’t be easy to prosecute, given his celebrity status, and some Hollywood actors are questioning the decision to charge him, calling it an act of scapegoating. There’s also the usual pile-on from people who already hate him.
More coverage:
(Andrew Rae / For The Times)
— Netflix did succession planning. Co-founder Reed Hastings is leaving his co-CEO role and will stay on as executive chairman. Greg Peters, chief operating officer, has been promoted to co-CEO and will share that title with Ted Sarandos. Bela Bajaria is upped to chief content officer and Scott Stuber gets a title bump to film chair.
— Chief Content Officer (and podcast strategy architect) Dawn Ostroff is out. Spotify says it is cutting staff (by 6%), as it focuses on improving efficiency in a challenging economic environment, according to CEO Daniel Ek.
— Everyone hates Ticketmaster. Is everyone wrong? Fans, politicians and even artists were complaining about Ticketmaster long before Taylor Swift filled stadiums. But experts say the anger may be misplaced.
— Have celebs learned their lesson from the FTX debacle? The spectacular collapse of crypto trading platform FTX has implicated not just tech evangelists but celebrities too. A class-action lawsuit now seeks to hold some A-listers accountable.
— Disney blasts activist shareholder campaign. Marvel chair played a role in board fight. Disney came out swinging against hedge-funder Nelson Peltz, who is waging a proxy fight to join the company’s board. Marvel’s Isaac “Ike” Perlmutter lobbied Disney leaders to consider his entreaties.
— ICYMI. L.A. film shoots dive 20% in final quarter of 2022. CW Network will air Saudi-funded LIV Golf events because, sure, why not? Cecilia Vega leaves ABC News to join CBS and ‘60 Minutes.’ Time’s Up to halt operations and shift resources to legal fund. Regal to close six theaters in Southern California. LAPD chief apologizes to family of former TV exec who accused ex-CBS boss of assault.
Some good news for Peacock in Nielsen’s monthly gauge of TV and streaming viewership.
The NBCUniversal-owned streaming service hit 1% of total viewing on U.S. television screens during the month of December, thanks to programming such as “The Best Man: The Final Chapters,” a followup to the popular Black ensemble film series.
Look, no one’s saying that scoring 1% of all viewing on American TV sets means Peacock is a soaring success yet, but it does mark a milestone of sorts. Nielsen doesn’t break out viewing for outlets until they hit the 1% threshold.
For comparison’s sake, Netflix accounted for 7.5% of total TV consumption, while Hulu and HBO Max accounted for 3.4% and 1.4%, respectively.
Runner-up: $2 billion
Only six movies have ever made this much money at the box office. James Cameron has directed half of them.
— Yale corporate governance expert Jeffrey Sonnenfeld has an unsparing take on the track record of Nelson Peltz, now Iger’s foe. (Fortune)
— How PR chief Geoff Morrell ended up making $119,505 a day during his brief time at Disney. (Wall Street Journal)
— On the bizarre A-lister campaign to get Andrea Riseborough an Oscar for a movie no one’s seen. (The Guardian)
— A column argues that the producers of “Rust” have “escaped accountability.” (Hollywood Reporter)
Shoot days in Los Angeles recovered from the holiday doldrums last week, but didn’t match the same period of time last year.
We’ve launched an L.A. Times special project in the lead-up to the 40th edition of the Sundance Film Festival in 2024, following the lives and careers of seven independent filmmakers from this year’s festival class. Meet our filmmakers at the link below.
The Independents: We’re following a year in the life of 7 Sundance filmmakers
Bonus track: “SNL” did “The Black Lotus.”