META punts taking cut of Creators $$, as TIKTOK Revenue to 3X in 2022NETFLIX adds GOOGLE to potential Ad-support partners list / Zoe Kravitz sets WB heist pic / DUNE PART 2 casts Lea SeydouxMornin! This is Sean McNulty and here’s the Hollywood + Media news to know on WEDNESDAY June 22, 2022. Where this morning I’m wearing my “We raised $1.5 Million and all I got was this designer T-shirt” t-shirt … as THE ANKLER made some news yesterday announcing an initial round of funding / valuation at $1.5 Mil / $20 Mil led by Y-COMBINATOR and others. Big congrats to Janice & Richard 👏, and I’ll do my best to raise that valuation to at least $20.05 Mil after my Q2 earnings call analysis season next month. (Janice can we seriously get those shirts though? HARRY STYLES just set a clothing line at GUCCI, sure it’s super affordable) PLUS: BROADWAY is ditching the mandatory masks thing as of July 1. I mean with the theater crowd being so young… I don’t think it should be a problem. HOUSEKEEPING: As a couple of you WAKEUP readers have asked me about this - You can choose which newsletters you receive from THE ANKLER - here’s a link with the easy to follow instructions so you can manage your account as ya like. Get The Wakeup as part of your subscription to The Ankler:Hits your inbox weekdays by 8:30am (ish) East Coast time📽 THE SILVER SCREENWB sets Zoe Kravitz to star in heist pic based on short storyCalled “The Sundance Kid Might Have Some Regrets”, about twins who rob banks… but one of them has supernatural powers 😵💫. Guessing the other one is the driver. A “venture goes awry” and the non-powered twin begins to question the operation. Now to find a director... /THR APPLE + SKYDANCE set A-List voice cast for “Spellbound” animated musical picJohn Lasseter still knows how to attract talent apparently… Nicole Kidman, Javier Bardem, John Lithgow and Nathan Lane all on board (Rachel Zegler already cast). OSCAR winner Alan Menken (“The Little Mermaid”, “Beauty and the Beast”) doing the music for the movie about a young girl looking to break a spell that’s divided her kingdom in two. Hopefully before Nov 2024. /THR WB adds Lea Seydoux to “DUNE: Part Two”Will play “Lady Margot”. Chalamet, Zendaya, Bardem and Rebecca Ferguson all returning. Florence Pugh, Austin Butler and Christopher Walken also joining the cast. Will begin shooting this Summer. /Deadline A24 sets Sebastian Stan to co-star in “A Different Man” psychological thrillerAbout an outcast looking for a fresh start who gets facial reconstructive surgery 🤕, and becomes obsessed with the actor who plays him in a play based on the outcast’s former life. Always the way… Shoots in July. /Deadline 📝 IN OTHER WORDS…
If you’d like to Share this newsletter 🤝 or Post on Socials - here’s a handy button:📺 THE TV SETSTANLEY CUP audience increasing for ABCGame 3 rose to 4.1 Million, and a 1.2 rating in 18-49 (that’s up about 1/3 from Game 1). No word on ESPN+ streaming as per usual. /TheWrap ALSO IN TV
IN THE HOLLYWOOD EXECUTIVE SUITE
💻 THE MEDIA BIZFB & INSTA delay taking a cut of Creators income by a year to 2024AKA META’s latest plea to please stop using TIKTOK and create for us. To note: META still hasn’t clarified what that exact cut will be in 2024… other than “less than 30%” which, uh hey it’s better than YOUTUBE? 🥴 The revenue streams FB will put their hands in are: fan subscriptions, paid events, badges and their newsletter product Bulletin. /The Verge AND: While I think anyone making solid projections about Ad spends in the 2nd half of this year is a distant relative of Ned Flanders, TIKTOK is projected to 3X Revenue this year to $12 Billion according to the WSJ, and when it comes to TIKTOK - it’s hard to make the case for an Ad spend pullback.
GOOGLE added to NETFLIX’s list of companies to potentially partner with on Ad-supported versionThis comes out of Ted’s trip to the south of FRANCE this week 👨🎨 for CANNES (the Ad biz version), which also tracks. He’s also giving a big speech there tomorrow fwiw. As previously reported by THE INFORMATION, they’re also talking with ROKU and NBCU about handling Ad sales & tech aspects. /CNBC And… well - my big entirely unsubstantiated outside theory is that GOOGLE buys NETFLIX eventually, so at least that prediction stays alive. SPORTS STUFF
ALSO IN MEDIA
🏦 STOCK NOTESROKU +8% ($89.08) ALTICE -5% ($8.26) But otherwise a quiet but slightly up day. 👩💻 NEW TO WATCH:NETFLIX “The Umbrella Academy” Season 3 - STREAM HERE DISNEY+ ”Doctor Strange in the Multiverse of Madness” - STREAM HERE ABC Stanley Cup Final Game 4 at 8p 🎥 TRAILER HOUSENETFLIX “Stranger Things 4” Vol 2 trailer. PREMIERES FRI JULY 1 HULU “Legacy: The True Story of the LA Lakers” docuseries teaser trailer - Where everyone totally won’t be comparing the 1979-80 episode to what happened in “Winning Time”. 10 eps total, so a lot more to cover after that… including the sibling battle for control after the death of Dr. Buss. This making more sense as to why one of Jerry’s sons was just made a season regular for Season 2 on HBO… PREMIERES, uh soon. 🤷♂️ HBOMAX “Edge of the Earth” 4 part docuseries trailer - Extreme explorers (climbers, surfers etc) do 4 expeditions that… I would never do. PREMIERES TUE JULY 12 HULU / SEARCHLIGHT “Not Okay” movie teaser trailer - Zoey Deutsch is an influencer who falls into a scandal and fakes a trip to Paris on INSTA…and seemingly steps in it again. Hopefully she stays out of the newsletter business. PREMIERES FRI JULY 29 🎧 PLAYING ME OFFNew MAGGIE ROGERS song “Want Want” - Maggie going 2 for 2 on the singles, love this one too. Album out in late July. If you need some new tunes: Email me anytime at seanmcnultynyc@gmail.com or connect here on LINKED IN. -SEAN MCNULTY @theseanmac on TWITTER @TheWakeupNews on INSTAGRAM |
META punts taking cut of Creators $$, as TIKTOK Revenue to 3X in 2022
June 22, 2022
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