Disney/Marvel announcing Deadpool & Wolverine, X-Men ‘97 and the F4 casting is not sabotaging Madame Web or Sony, but damage control for their disastrous 2023 slate.
I've said this elsewhere before, too, but it's been baffling how all these places went all in on the streaming platforms when it's taken Netflix ~20 years to even be profitable... I have serious questions about the leadership at these various places that thought it was immediately going to be a golden goose.
I don't think it's all that baffling, personally. I think most of them had something Netflix didn't: owned IP from decades past. Plus, a lot of them thought they could take their content off Netflix and people would follow. I think what was misunderstood was just how expensive it is to acquire customers when the content isn't as big of a draw as you originally hoped.
@@gregjensen370And that's part and parcel of the process, though. Researching whether you'll be able to pull people from Netflix to your own IP and streaming service, looking at how it took about two decades to turn profitable, the cost of (which is part of profitability) building out an infrastructure of a streaming service, etc, etc.
Sad to see, Paramount was a juggernaut in the 80s with movies like Top Gun, Indiana Jones, Beverly Hills Cop and into the 90s (Ghost , Titanic, Forest gump etc). CBS' MTV and Nickelodeon used to be huge deals when I was growing up, not so much today with the decline of cable tv.
The funny part is Paramount is still a juggernaut but the content got mismanaged... they put too many of their eggs in too many different baskets.... their first mistake is not bringing their content home South Park Charmed Yellowstone all their hitmakers their most binge watch shows are not even on their service.... and the crazy part about it is without Paramount Netflix would fall apart a huge chunk of a Netflix's content 40% of their movies are Paramount made movies that they bought exclusively from Paramount.... without Nickelodeon Paramount would lose about 50% of their children's content why keep feeding the mouth that's destroying you
Think about it like this Paramount Pictures is the biggest content supplier to Netflix there's about 40 movies right now on Netflix that are Paramount movies but Netflix and Paramount have a back door closed deal Paramount makes the movies and then Netflix reimburses them and buys the distribution rights Netflix only makes about 40% of their own original content that was the downfall of Paramount their mismanagement of content
Paramount also had the exclusive rights to my favorite adult cartoon of all time: South Park. Sucks to see them fall so hard. Makes me worried for Trey Parker and Matt Stone’s baby. Same with the upcoming Sonic the Hedgehog film.
@@Swordslinger-hb1ns you don't have to worry about them they did the right thing they own the rights to South Park.... South Park is not owned by Paramount or Comedy Central.... they just own the syndication and distribution rights of South Park.... if Paramount would shut down Comedy Central they would lose their rights to South Park but they would still own streaming rights.... that was a part of the 900 million deal and Paramount did the right thing by leasing South Park to HBO Max they paid 500 million for 4 years so Paramount only had to come up with 400 million for the New Deal
Craig McKay's editing on The Silence Of The Lambs is probably my favourite. Not only does his work add to the sense of dread and horror that film has, but two set pieces - the prison escape and the wrong house are some of the all time best examples of editing as an art form.
The wrong house sequence is pure art. It was so influential everyone has been trying to replicate it for decades (with no success) and now it's a cliche
Sony could get away with that because it's a small division of a massive conglomerate. Sony was also never heavily invested in the US cable TV business. Paramount the smallest of the legacy media companies makes more revenue in a quarter just from affiliate fees and advertising from it's US linear TV channels than all of Sony's global TV/film division. If Paramount, WBD and Disney didn't try with streaming their share price would have collapsed even harder a couple of years ago.
@@Ushio01 you absolutely nailed it with the fact they weren’t invested in cable tv. Since it’s inception, cable has been churning insane profits for all of these media companies. Since Sony wasn’t trapped underneath the cratering cable profits, they had no pressure to turn to streaming as a panacea.
It's actually not Paramount's fault why Star Trek is struggling it's Star Trek's loyal fan base there's only so much that can be done .... this younger generation of TV Watchers they want more action over storytelling...... and the loyal Star Trek fans actually enjoy the storytelling... look at all the Star Trek series they were 60% storytelling 40% action in today's world it has flipped.. great example Star Trek discovery a lot of the loyal Star Trek fans treat it like it doesn't exist
@@ocularpatdown has nothing to do with Paramount I blame the Star Trek fans the days of classic Star Trek is dead.... it's the fans that can't let go of the past example Star Trek discovery it costs 9 million an episode and that's without paying the cast.... Star Trek is stuck in the dead zone the younger Star Trek fans want the action the excitement the older Star Trek fans want the storytelling
By the way, what Warner Brothers/Discovery are doing for movies such as Batgirl and Coyote vs Acme is downright shameful, and should be illegal. I cannot imagine how pissed I would be if I worked on any of these projects.
I believe that if a film or TV show is made into a tax write-off it should be made available on public domain or given back to the creators, but I this will unlikely to happen
@@freemantle85 WBD is the creator they paid for everything they paid for the sets, animation, location licence and they paid all the cast and crew a salary. If these people want to be the creators they can pay for the production out of their own pocket!
I'm gobsmacked. How on Earth can these streaming services produce such losses going into billions? Aren't they basically taking money for access to their library? What the hell is going on?
I think the companies are all creating exclusive shows and movies for their own streaming service only, which costs a lot. The old methods seem to be more profitable where movies hit theaters, then sell dvd/blu ray, and then finally are temporarily sold/licensed out to Netflix or Hulu. Same for TV where shows would be shown with ads on cable/over the air, and then they'd be sold into syndication for re-runs or out to Netflix or Hulu, and then they'd be sold on DVD. All those steps have money that is not earned by releasing exclusively to the creator's owned streaming service with no other revenue streams involved.
I can answer the question regarding how editors are seen: It's a historical thing. Back in the day editing used to be seen as a secretarial job, combined with the misogyny regarding the people doing it (who were often women) just didn't make the job have the same visibility as the other important creative roles.
That and people often see the editing as the Director's decision so it's seen as their creativity not the editor's... which is just yet more lauding of the director as an artiste rather than as a leader/project manager. Which really... is what they are. For me the most egregious is I don't know the name of the lady who saved Star Wars A New Hope in the edit and yet ever since that movie came out its George-oh God The Dialogue Is So Bad-Lucas who's been honoured, praised, nay sanctified for being a genius. 🙄 Without her people would think of StarWars the way they think of the 80s Dune.
I knew that they bungled Paramount Global the day they announced that new season of Star Trek Discovery would not be shown outside of the US and then backtracked after fans outcry. They just don’t know what they are doing.
Whats worse, they announced that a week or so before the premier, after the cast went on a international tour to promote the show in other territories.
Netflix built a fan base outside the US/Canada for Star Trek Discovery over three seasons. I did not follow them to Paramount+. The only new Trek I have watched since then was Prodigy, when it was cancelled by Paramount and it came to Netflix, with a new season due this year. Prodigy was the Trekkiest Trek I have seen for a long time and was seriously entertaining. Paramount are idiots.
@@pattheplanter I do not get that, either. In my territory, the only modern Star Trek that is legally available is Prodigy on Netflix together with the legacy content. I am a huge Star Trek fan, but I can`t purchase or stream modern Star Trek legally, because Paramount refuses to sell me anything. It`s infuriating.
I would prefer Skydance owning the film division of Paramount and Byron Allen owning the TV side of Paramount, but anything can happen at this point 🤷♀️
Well, I don’t think he’s going to own a stake at Paramount TV. But I could predict that Byron Allen owns the stake of BET Media Group because Paramount is still looking for a buyer so that they are out of the BET business.
Paramount+ has so many great shows lately with all of the Taylor Sheridan shows like Mayor of Kingstown, Tulsa King and all of the Yellowstone spinoffs.
I’ve hated streaming since every company started their own service. Prices are out of control. I’ve returned to buying shows and movies I rewatch. Better than paying $14.99 or more for all the services and maybe watching one or two things a month. I’m down to one streaming service. Funny how things are resetting back to what they used to be. That’s corporate greed I guess.
@marshalmarrs3269It would seem so, but among the platforms, they have the second or third largest number of subscribers, If it ever happens, the smaller platforms would fall first before the big ones like Disney, Apple or Max.
I have a soft spot in my heart for Paramount Pictures, so I hope the studio can survive. Merge them with Peacock or Netflix. We have known for more than a year that streaming isn’t the monetary savior companies thought they would be.
The Super Bowl was on CBS, it was streamed secondarily on Paramount+ because that's the corporate streaming platform. While that might seem like it's quibbling difference, it matters because the viewership was primarily on the broadcast channel. But the success of four or five hours of broadcast isn't going to turn around the hole that Paramount Global dug itself into.
It was. And they still allowed everyone to have a free trial of the service so you basically got to watch the superbowl for free (and the Grammy’s if you are a swiftie and wanted to watch both). The minute we went to cancel our subscription they offered us a free MONTH of the service… so now we are cramming in a lot of shows we have missed out on with our free month.
Appreciate your News with Dan videos! I had to look for a topic for a presentation in class and I ended using the topic from the last show about the Disney Quarterly Earnings and how Disney is trying to keep away the activist investors. Obviously did some extra digging for the specific stuff of the presentation but your segment was a great starting point!
I'm so glad that you're getting almost 170 k views after just an hour. You've really been gathering users, and I know I share your reviews and all. Congrats, you deserve it. It must be exhausting!
Paramount Pictures sucked ever since Viacom bought them in the 1990s. I hope they go away and good riddance. Although I don’t like seeing the industry workers suffer for this.
We need media to do their damn job and give us the full story. Today I learned we need to allow stories time to develop so we can get both sides and hopefully formulate a better opinion on the matter
Really liked the editing talk! Marcia Lucas is one of the best to ever do it! American Graffiti and Alice Doesn’t Live Here Anymore move so elegantly, and her cuts, the way she utilizes footage that I assume was B-roll, inform characters in ways I don’t think the directors had in mind when they were shooting on set.
Streaming is just going to turn into the new version of cable TV and it has been sad to watch these major studios realize that was the best model all along, just telecom companies got super greedy, leading to the death of cable.
A world we’re selling a movie for $35 million is less appealing than scrapping it and getting zero and getting fake tax benefits is a terrible world we created
Actual real useful news is always more interesting and entertaining than a click bait article. Thank you Dan for always offering us news rather than bait 👍🏻👍🏻
Where does Roku stand in these streaming wars? They started in the hardware sector, but they have Roku TV, which I don’t watch. But are they in the game or what are they playing?
@uosdwiSrdewoH except they wouldn't get that amount as a tax write off either. The others were willing to pay wb the write off amount and then pay on top of that the promo budget, which would have cost 70 million in total easily. So you can see why they would be unwilling to pay wb the full production budget when they would shoulder the full promo cost while wb pays nothing. For wb, if the amount they would get from selling it off is the same as the tax write off, why not sell it off and mitigate public outcry?
I’m sad to see Paramount go, I grew up seeing their logo in the 80s and 90s as a kid. I wish there was another alternative to help them settle their debts and go back to being profitable. I’m not really excited with the merger with Warner Brothers because of their track record in the movies. Sundance sounds manageable and has interest in keeping the Paramount movies going but the thing about this is that I don’t like this idea of studios getting bought and properties going to another studio because this is exactly what we’ve seen with Disney. Disney bought Fox, Marvel, Pixar and butchered these movies and the same goes to MGM being acquired by Amazon, they produced crap with the Rings of Power. I don’t really see any winners out of this deal.
I feel sorry for Paramount workers. It didn't have to be that way. And let me say F**K Warner Bros. Killing so much content for tax brakes needs to be punished.
Clam down because people who worked on Coyote Vs Acme movie have 5 days to urge WBD to save that film again before the company’s forth and finale 2023 earning calls
I don't see how WBD could afford to buy Paramount. WBD has $50 billion in debt and their stock price has dropped more than half since it spun off from AT&T.
I think that Rep. Castro's only concern with the Coyote vs Acme movie is the fact that the only people not getting paid is the government. The cast and crew got paid while the movie was being made. The studio is getting paid from the tax write off. The government however isn't getting the tax revenue which is why Rep. Castro is mad
I remember the days of everyone at Screen Junkies were predicting the demise of Netflix a few years ago once everyone got into streaming. 😅. Great video btw !
Few people who aren't working in streaming themselves understand the risky economics of streaming. People assume it's all free, but to make it all work out in an economically advantageous way is expensive. You are also either having to fight for top tier tech talent at really high prices, or wade in the murk of mid-tier software, where you might be paying 10 people to do what Netflix does better with 2. Learning to run a tech company when you have no internal expertise, and no idea of who to actually trust to build one for you is dangerous to a company's health.
Just as we have the 5 Big Tech Giants in Apple, Microsoft, Google, Amazon & Facebook, it does feel like we're similarly going to end up with 5 Big Streamers/Entertainment Behemoths in Netflix, D+, Prime Video, Apple with Max, Paramount+ & Peacock battling out for that 5th spot. Will Google/Microsoft be looking to make an acquisition in this area?!
@@hammerr3 D+ has the 2nd or 3rd largest subscriber count after Netflix & Prime Video (mainly due to the free 1 or 2 day shipping)! Plus the revenues from Parks & Cruises and also Merchandising has always dwarfed the revenues from the studio side of the business (even in its best years).
@@hammerr3 D+ has the 2nd or 3rd largest subscriber count after Netflix & Prime Video (mainly due to the free 1 or 2 day shipping)! Plus the revenues from Parks & Cruises and also Merchandising has always dwarfed the revenues from the studio side of the business (even in its best years).
I doubt either google or Microsoft will get involved. Google is fine with TH-cam being their streaming service in my opinion and Microsoft I just don't see wanting to dip their toes in movie/television as they haven't really prior when it wasn't unheard of for Amazon or Apple and obviously others to finance projects before really building their streaming service up to what it is. Microsoft probably sees it as just a giant money sink and the only exception I could is if they bought I dunno let's say WBs and then used the gaming developers and ips to grow gamepass and then licensed or sold off movies and TV to other streaming platforms as I sincerely don't think they would be interested in doing that themselves
@@kennymorelandiii9406 Fair enough, but nothing would surprise me any more in this industry so would I be shocked if either Google or Microsoft tried to make a move for WBD or Paramount?! Absolutely not!
I think the loss of Menke had a negative effect on Tarantino's subsequent films. They don't seem as tight. Lots of scenes that lose their impact because they run on too long ('Django and especially obvious in 'Once Upon a Time in Hollywood".)
I haven't kept up with Transformers outside of the main/original continuity (G1, Beast Wars, Beast Machines, and I dunno if they've continued that line in animation form anywhere else--yes, I know there've been comic books) and outside of the two live action movie continuities. Is Earthspark one of the better cartoons?
@@Kris_AB As someone who still sees Animated as the best iteration of the franchise, Earthspark quickly became a close second for me. It's a new continuity that's set decades after the war and focuses on wholly original characters discovering themselves as warriors and individuals. Optimus and other classic Autobots are still present, but in mentor roles to the main characters. The show gives the legacy bots a lot of reverence. Even some of the Decepticons are fleshed out as more 3-dimensional characters. Especially Megatron, who in this version was successfully convinced by Optimus to a cease-fire and carries a tenuous co-existence with the Autobots. The action is kinetic, the characters have surprisingly rich arcs, and the pathos is sincere despite the show never losing its sense of humor entirely. When the stakes get real, it's dire. Admittedly, it takes a few episodes to get used to kid characters, but by Ep. 3, they're tolerable. I seriously suggest you give it a chance. If you're not down by episode 10, it's fine that it's not for you.
I really think the bleeding wont stop until one of these studios bail on streaming. If Disney Plus ceased I believe the other studios would follow suit.
It's funny cause they have a streaming service that's reportably profitable, Pluto, but instead of building on that model they dug themselves into a bigger and unnecessary hole with Paramount Plus
anyone else remember when some were telling Dan that he didn't understand high finance and his concerns about streaming and debt were unfounded? Wonder if any of those people were involved with Paramount.
Regarding the editing question: as a both songwriter and a music producer I feel it is the same with music production. A good song can be either completely ruined or elevated to a great song by music production, but no one will realize that it was the producer who did it. A bad song is a bad song no matter what producer you put on it (unless he gets creative with it but then it's more writing than producing). It's also a maddening process so I really respect anyone who is a music producer or a movie editor. It's unpleasant to do as you feel the weight of everyone's work on your shoulders, and involves insane concentration and grasp of the whole picture.
I only went to public school so perhaps my math is a bit off, if the Coyote vs Acme write-off would've only gotten WBD $30M wouldn't it be better to sell it for $35-40M because then they'd lose $5-10M less.
Ok, but what would happen if someone like Taylor Swift bought Coyote Vs Acme? Could she release the movie however she wanted? What's the legality and logistics of buying a movie's distribution rights directly from a studio?
Given the number of movies that effectively get given public money via tax breaks from various levels of government, it only seems right that there's some blowback or restrictions on the trend of taking writedowns rather than releasing them.
As an editor you definitely hit the nail on the head when it comes to why editing isn't as noticed as other talents in film. Good editing is mostly invisible (unless it's some crazy FX-driven montage, etc) and I absolutely think of the raw footage as a "puzzle" that needs to be put together with a mix of logic and subjectivity. Jaws's effectiveness was arguably like 50% Verna Fields + John Williams, and lots of folks would be shocked if they saw the raw footage of Star Wars IV haha
Personally I’m tired of people blaming streaming for all the woes of these studios. Paramount is in trouble because it’s not made allot of financially successful films in years. The whole separation of movie and television studios leading to a division of the Star Trek IP and others limited the studios. Streaming was the thing the company thought would be their raft out of the rough seas they had sailed into. But to be successful at streaming you need to be huge like Netflix and Paramount doesn’t have the content or funds that Netflix has. And Netflix is not spending a good portion of their budget on theater movies and network tv. The issue is not streaming, the issue is spreading your assets around deludes your streaming product and that leads to lower subscription numbers, which is the death of streaming services.
I keep telling everyone the first company that turns around and says they aren’t going to keep doing streaming and refocus back to cable tv will blow up. All the streaming services added up is more than cable and WiFi. Everyone I know misses cable weekly shows.
I need Paramount to let go of its Star Trek slate and give it back to Netflix (at least internationally)… coz no one can even access the new Trek outside US/UK (whatever else limited territories for P+)
Everyone can access it via torrenting which is what reasonable people are doing anyway. Also, hate to break it to you, Paramount doesn't care about what you personally "need."
“Drown your tears in butter after watching Madame Web.” Love it. Paramount has so many assets that I can’t imagine what would happen if it can’t get a deal done. Leadership really dropped the ball on deals that would have kept Paramount afloat. The steaming wars are having effects like this and we should be prepared for a potentially massive consolidation of streamers. Great webcast, Dan!
That Coyote vs. Acme movie sounds like itd be a really fun and unique movie and it’s such a shame that these studios’ own bad decisions has brought them to this point of manic bottom-line economics
As a non editor, I think those who worked in the film industry before digital had a lot harder job. I have no idea how they figured out what they were doing when they were actually cutting up the film. That's a skill that's lost.
For editing, check out the work of Alan Heim and Anne Coates. Heim edited Sidney Lumet’s Network and won the Academy award for editing for Bob Fosses film, All That Jazz. At age 87, Heim is still editing. Anne Coates is deceased. She won the Oscar for editing Lawrence of Arabia . Her editing of Out of Sight with George Clooney and Jennifer Lopez is amazing. She also edited Erin Brockovich. Both films were directed by Steven Soderbergh who also edits his films using a pseudonym.
It's the non-creative executive trash calling all the shots instead of creative folk. Factory cookie-cutter films wrecking properties that require respect and intelligence. People forget that people like Disney were an artist first, now there are only greedy execs. Someday, I would hope to see the Coyote movie.
@@pattheplanter yeah if they start selling off piecemeal then star trek might be one of the hotter properties, even though it's not been utilized perfectly over the years.
Most of the studios have been having trouble since they switched to digital from flim. Maybe it's a curse of some kind that is causing there down fall.
It's crazy how a movie can cost 70 million dollars! All studios are bleeding money because they don't know how to save costs and trim budgets! You spend 70 million dollars and the bidder says it's only willing to pay 35? So in my mind the movie's value is actually 35, with profit which means the others 35 were thrown in the garbage. If you really start to think is CRAZY
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Disney/Marvel announcing Deadpool & Wolverine, X-Men ‘97 and the F4 casting is not sabotaging Madame Web or Sony, but damage control for their disastrous 2023 slate.
They have to triage superhero properties--focus on what can realistically be saved and numb themselves to disasters they can't help.
A Jew-owned Paramount via Zazlav could be great!
honestly 2024 will likley be a better year for disney. Or at least paramount and sony will do a lot worse and take attention away.
All of that would be happening regardless since those things have been on the way for awhile now.
Both could be true
I've said this elsewhere before, too, but it's been baffling how all these places went all in on the streaming platforms when it's taken Netflix ~20 years to even be profitable... I have serious questions about the leadership at these various places that thought it was immediately going to be a golden goose.
Greed
I don't think it's all that baffling, personally. I think most of them had something Netflix didn't: owned IP from decades past. Plus, a lot of them thought they could take their content off Netflix and people would follow. I think what was misunderstood was just how expensive it is to acquire customers when the content isn't as big of a draw as you originally hoped.
They all made the right choice....if they wewre the only other person(besides netflix) to make the exact same choice. but...here we are.
Max is already profitable tho
@@gregjensen370And that's part and parcel of the process, though. Researching whether you'll be able to pull people from Netflix to your own IP and streaming service, looking at how it took about two decades to turn profitable, the cost of (which is part of profitability) building out an infrastructure of a streaming service, etc, etc.
Sad to see, Paramount was a juggernaut in the 80s with movies like Top Gun, Indiana Jones, Beverly Hills Cop and into the 90s (Ghost , Titanic, Forest gump etc). CBS' MTV and Nickelodeon used to be huge deals when I was growing up, not so much today with the decline of cable tv.
The funny part is Paramount is still a juggernaut but the content got mismanaged... they put too many of their eggs in too many different baskets.... their first mistake is not bringing their content home South Park Charmed Yellowstone all their hitmakers their most binge watch shows are not even on their service.... and the crazy part about it is without Paramount Netflix would fall apart a huge chunk of a Netflix's content 40% of their movies are Paramount made movies that they bought exclusively from Paramount.... without Nickelodeon Paramount would lose about 50% of their children's content why keep feeding the mouth that's destroying you
Think about it like this Paramount Pictures is the biggest content supplier to Netflix there's about 40 movies right now on Netflix that are Paramount movies but Netflix and Paramount have a back door closed deal Paramount makes the movies and then Netflix reimburses them and buys the distribution rights Netflix only makes about 40% of their own original content that was the downfall of Paramount their mismanagement of content
Paramount also had the exclusive rights to my favorite adult cartoon of all time: South Park. Sucks to see them fall so hard. Makes me worried for Trey Parker and Matt Stone’s baby. Same with the upcoming Sonic the Hedgehog film.
@@Swordslinger-hb1ns you don't have to worry about them they did the right thing they own the rights to South Park.... South Park is not owned by Paramount or Comedy Central.... they just own the syndication and distribution rights of South Park.... if Paramount would shut down Comedy Central they would lose their rights to South Park but they would still own streaming rights.... that was a part of the 900 million deal and Paramount did the right thing by leasing South Park to HBO Max they paid 500 million for 4 years so Paramount only had to come up with 400 million for the New Deal
I'm ashamed to admit that I only understand what's happening at Paramount thanks to watching 'Succession'.
Dang! I have to watch that show
Craig McKay's editing on The Silence Of The Lambs is probably my favourite. Not only does his work add to the sense of dread and horror that film has, but two set pieces - the prison escape and the wrong house are some of the all time best examples of editing as an art form.
The wrong house sequence is pure art. It was so influential everyone has been trying to replicate it for decades (with no success) and now it's a cliche
Last thing we need is more consolidation of the these companies.
I bet that right now in Sony some executive is really smug right now saying everybody "i told you so" about streaming.
Sony could get away with that because it's a small division of a massive conglomerate.
Sony was also never heavily invested in the US cable TV business.
Paramount the smallest of the legacy media companies makes more revenue in a quarter just from affiliate fees and advertising from it's US linear TV channels than all of Sony's global TV/film division.
If Paramount, WBD and Disney didn't try with streaming their share price would have collapsed even harder a couple of years ago.
Unless it was the same exec who also greenlit Madam Web!
Sony has a streaming service though...it's called Crackle
@@beardedbronco Sony sold Crackle in March 2019 so 5 years ago.
@@Ushio01 you absolutely nailed it with the fact they weren’t invested in cable tv. Since it’s inception, cable has been churning insane profits for all of these media companies. Since Sony wasn’t trapped underneath the cratering cable profits, they had no pressure to turn to streaming as a panacea.
Dan. You are truly one of a kind when it comes to reporting entertainment news online. Super glad you're doing this.
I just want Star Trek to find a new home that will treat the property better. Maybe Apple, not Warner.
And anyone named "Redstone" hates Trek. I hope it does find a good home, so it is away from those hands.
@@ocularpatdown just watch _The Orville_
It's actually not Paramount's fault why Star Trek is struggling it's Star Trek's loyal fan base there's only so much that can be done .... this younger generation of TV Watchers they want more action over storytelling...... and the loyal Star Trek fans actually enjoy the storytelling... look at all the Star Trek series they were 60% storytelling 40% action in today's world it has flipped.. great example Star Trek discovery a lot of the loyal Star Trek fans treat it like it doesn't exist
@@ocularpatdown has nothing to do with Paramount I blame the Star Trek fans the days of classic Star Trek is dead.... it's the fans that can't let go of the past example Star Trek discovery it costs 9 million an episode and that's without paying the cast.... Star Trek is stuck in the dead zone the younger Star Trek fans want the action the excitement the older Star Trek fans want the storytelling
By the way, what Warner Brothers/Discovery are doing for movies such as Batgirl and Coyote vs Acme is downright shameful, and should be illegal. I cannot imagine how pissed I would be if I worked on any of these projects.
The animation studios, pretty much worldwide are really frustrated with this situation. There is no guarantee with any project under WB.
@@kadosho02 yes , there is
I believe that if a film or TV show is made into a tax write-off it should be made available on public domain or given back to the creators, but I this will unlikely to happen
@@freemantle85 WBD is the creator they paid for everything they paid for the sets, animation, location licence and they paid all the cast and crew a salary.
If these people want to be the creators they can pay for the production out of their own pocket!
@freemantle85 So every piece of property that you claim for a tax write-off should become public properry?
I'm gobsmacked. How on Earth can these streaming services produce such losses going into billions? Aren't they basically taking money for access to their library? What the hell is going on?
I think the companies are all creating exclusive shows and movies for their own streaming service only, which costs a lot. The old methods seem to be more profitable where movies hit theaters, then sell dvd/blu ray, and then finally are temporarily sold/licensed out to Netflix or Hulu. Same for TV where shows would be shown with ads on cable/over the air, and then they'd be sold into syndication for re-runs or out to Netflix or Hulu, and then they'd be sold on DVD. All those steps have money that is not earned by releasing exclusively to the creator's owned streaming service with no other revenue streams involved.
I can answer the question regarding how editors are seen: It's a historical thing. Back in the day editing used to be seen as a secretarial job, combined with the misogyny regarding the people doing it (who were often women) just didn't make the job have the same visibility as the other important creative roles.
That and people often see the editing as the Director's decision so it's seen as their creativity not the editor's... which is just yet more lauding of the director as an artiste rather than as a leader/project manager. Which really... is what they are.
For me the most egregious is I don't know the name of the lady who saved Star Wars A New Hope in the edit and yet ever since that movie came out its George-oh God The Dialogue Is So Bad-Lucas who's been honoured, praised, nay sanctified for being a genius. 🙄
Without her people would think of StarWars the way they think of the 80s Dune.
Your search for truth is what makes you stand out among all the reviewers, Dan.
I wish they would sell Star Trek to someone who actually loves it.
I knew that they bungled Paramount Global the day they announced that new season of Star Trek Discovery would not be shown outside of the US and then backtracked after fans outcry. They just don’t know what they are doing.
Whats worse, they announced that a week or so before the premier, after the cast went on a international tour to promote the show in other territories.
Netflix built a fan base outside the US/Canada for Star Trek Discovery over three seasons. I did not follow them to Paramount+. The only new Trek I have watched since then was Prodigy, when it was cancelled by Paramount and it came to Netflix, with a new season due this year. Prodigy was the Trekkiest Trek I have seen for a long time and was seriously entertaining. Paramount are idiots.
@@pattheplanter I do not get that, either. In my territory, the only modern Star Trek that is legally available is Prodigy on Netflix together with the legacy content. I am a huge Star Trek fan, but I can`t purchase or stream modern Star Trek legally, because Paramount refuses to sell me anything. It`s infuriating.
Discovering Star Crap should not be shown to anyone anywhere.
@@bensa6016 don't watch that modern garbage, watch _The Orville_ instead
Paramount turning down 3 Billion for Showtime is absolutely insane.
I know, right? It's just a channel of cheap, low-grade, soft-core porn.
I would prefer Skydance owning the film division of Paramount and Byron Allen owning the TV side of Paramount, but anything can happen at this point 🤷♀️
Well, I don’t think he’s going to own a stake at Paramount TV. But I could predict that Byron Allen owns the stake of BET Media Group because Paramount is still looking for a buyer so that they are out of the BET business.
the feds won't let Byron Allen buy anymore media because they have no idea where his money is coming from
What a great and informative video.
Someone in my graduating class is a VP @ Paramount so I try to follow the business side when I can.
Paramount+ has so many great shows lately with all of the Taylor Sheridan shows like Mayor of Kingstown, Tulsa King and all of the Yellowstone spinoffs.
I am curious how Crunchroll compares in profitability to these other streaming plarforms
I’ve hated streaming since every company started their own service. Prices are out of control. I’ve returned to buying shows and movies I rewatch. Better than paying $14.99 or more for all the services and maybe watching one or two things a month. I’m down to one streaming service. Funny how things are resetting back to what they used to be. That’s corporate greed I guess.
netflix won the streaming wars before it even started
Yep
Perfect example of first mover advantage
Evidenced by just like band-aids to bandages, a lot of people use "Netflix" as a catch all term for all streaming.
@marshalmarrs3269 The revenues from Parks & Cruises have always dwarfed the revenues from the studio side of the business!
@marshalmarrs3269It would seem so, but among the platforms, they have the second or third largest number of subscribers, If it ever happens, the smaller platforms would fall first before the big ones like Disney, Apple or Max.
Coyote VS ACME sounds like the world's longest Family Guy cutaway gag.
I have a soft spot in my heart for Paramount Pictures, so I hope the studio can survive. Merge them with Peacock or Netflix. We have known for more than a year that streaming isn’t the monetary savior companies thought they would be.
I just hope they don't cancel After Midnight. Great show.
I'm hoping that those types of shows being so cheap to produce helps shield it.
Marvel absolutely timed certain announcements to counter DC hype. Sony's products are not deserving of such effort.
Wasn’t the superbowl on paramount? I heard it was the most watched television program of all time. Interesting that this happens right after that.
The Super Bowl was on CBS, it was streamed secondarily on Paramount+ because that's the corporate streaming platform. While that might seem like it's quibbling difference, it matters because the viewership was primarily on the broadcast channel.
But the success of four or five hours of broadcast isn't going to turn around the hole that Paramount Global dug itself into.
One big event won't save them, especially when the profit margin was likely slim
It was. And they still allowed everyone to have a free trial of the service so you basically got to watch the superbowl for free (and the Grammy’s if you are a swiftie and wanted to watch both). The minute we went to cancel our subscription they offered us a free MONTH of the service… so now we are cramming in a lot of shows we have missed out on with our free month.
Lol like people know what is real
Appreciate your News with Dan videos! I had to look for a topic for a presentation in class and I ended using the topic from the last show about the Disney Quarterly Earnings and how Disney is trying to keep away the activist investors. Obviously did some extra digging for the specific stuff of the presentation but your segment was a great starting point!
The mountain is crumbling 😂
I like that your mint moble ad includes the 3 month thing. Other youtubers don't mention that part
I'm so glad that you're getting almost 170 k views after just an hour. You've really been gathering users, and I know I share your reviews and all. Congrats, you deserve it. It must be exhausting!
Paramount Pictures sucked ever since Viacom bought them in the 1990s. I hope they go away and good riddance. Although I don’t like seeing the industry workers suffer for this.
We need media to do their damn job and give us the full story. Today I learned we need to allow stories time to develop so we can get both sides and hopefully formulate a better opinion on the matter
Really liked the editing talk!
Marcia Lucas is one of the best to ever do it! American Graffiti and Alice Doesn’t Live Here Anymore move so elegantly, and her cuts, the way she utilizes footage that I assume was B-roll, inform characters in ways I don’t think the directors had in mind when they were shooting on set.
Netflix has barely turned a profit and has been reducing costs across the board...running a streaming service is expensive
Disney announcing the F4 cast felt more "Ok we really have to hurry up and do this, everyone already knows"
Well, I was wondering about that Roadhouse drama. Context is everything.
Streaming is just going to turn into the new version of cable TV and it has been sad to watch these major studios realize that was the best model all along, just telecom companies got super greedy, leading to the death of cable.
A world we’re selling a movie for $35 million is less appealing than scrapping it and getting zero and getting fake tax benefits is a terrible world we created
Actual real useful news is always more interesting and entertaining than a click bait article. Thank you Dan for always offering us news rather than bait 👍🏻👍🏻
I have nothing against Paramount, but on the other hand their properties are not exciting to me. I hope they figure something out
Top Gun?
Great movie. But too pricey to become a franchise.
You mean you don’t watch Star Trek Discovery? /s
They rely entirely too much on nostalgia, at least when it comes to Paramount+ With Showtime.
Universal has the better properties of paramount
Where does Roku stand in these streaming wars? They started in the hardware sector, but they have Roku TV, which I don’t watch. But are they in the game or what are they playing?
It seems "Bob" is an unlucky name for CEOs #justsaying 😅
I have a feeling it's going to be sold for parts with Paramont joining Skydance.
The funny thing is I like Paramount the most…because of Star Trek
Paramount Plus is practically Star Trek's Patreon
Star Trek fans are asking why they haven't announced "Star Trek: Legacy"? Answer: Paramount is broke!
Did they ever release viewership numbers for Picard S3? I assume Legacy would only go down from there, lacking Patrick Stewart.
I just need Star Trek to be safe....
Same!!
I've hated Paramount ever since they cut out all the gore from Friday the 13th part 7.
explain
Could you clarify?
Deadline said Coyote Vs acme isn’t officially dead as there’s still a chance it could be sold and the asking price is $75 million
That asking price is absurd for a midbuget movie. After marketing it will cost the studio over 100 million.
@@joseaguilar3323 That's what the budget was. As much as I detest WB it's not ridiculous to ask to get paid what the movie was made for.
If it doesn’t, maybe “Coyote Vs. Acme” might be heading to the Public Domain.
@uosdwiSrdewoH except they wouldn't get that amount as a tax write off either. The others were willing to pay wb the write off amount and then pay on top of that the promo budget, which would have cost 70 million in total easily. So you can see why they would be unwilling to pay wb the full production budget when they would shoulder the full promo cost while wb pays nothing. For wb, if the amount they would get from selling it off is the same as the tax write off, why not sell it off and mitigate public outcry?
I’m sad to see Paramount go, I grew up seeing their logo in the 80s and 90s as a kid. I wish there was another alternative to help them settle their debts and go back to being profitable. I’m not really excited with the merger with Warner Brothers because of their track record in the movies. Sundance sounds manageable and has interest in keeping the Paramount movies going but the thing about this is that I don’t like this idea of studios getting bought and properties going to another studio because this is exactly what we’ve seen with Disney. Disney bought Fox, Marvel, Pixar and butchered these movies and the same goes to MGM being acquired by Amazon, they produced crap with the Rings of Power. I don’t really see any winners out of this deal.
Love the videos, man. Keep it up!!!
I feel sorry for Paramount workers. It didn't have to be that way.
And let me say F**K Warner Bros. Killing so much content for tax brakes needs to be punished.
I really wanna see coyote vs acne. WB has to stop this.
Clam down because people who worked on Coyote Vs Acme movie have 5 days to urge WBD to save that film again before the company’s forth and finale 2023 earning calls
@@BrutalVengeance729 I am a calm. But ok 👍
I don't see how WBD could afford to buy Paramount. WBD has $50 billion in debt and their stock price has dropped more than half since it spun off from AT&T.
Bro no way I just got a mint mobile ad right before this video😮
Spinoff - merge - spinoff - rinse, repeat, PROFIT!
Great breakdown Dan!!! 👏🏾
As a boy, I used to own that Batman album you have on display. It's got some great tunes from the TV show on it as I recall.
Dan, there's nothing wrong with sounding like Superman
Was watching this and realized my paramount plus free trial expires today 😂. Dan saved me 5.99 plus tax. Thanks Dan!
I think that Rep. Castro's only concern with the Coyote vs Acme movie is the fact that the only people not getting paid is the government. The cast and crew got paid while the movie was being made. The studio is getting paid from the tax write off. The government however isn't getting the tax revenue which is why Rep. Castro is mad
I remember the days of everyone at Screen Junkies were predicting the demise of Netflix a few years ago once everyone got into streaming. 😅. Great video btw !
Few people who aren't working in streaming themselves understand the risky economics of streaming. People assume it's all free, but to make it all work out in an economically advantageous way is expensive. You are also either having to fight for top tier tech talent at really high prices, or wade in the murk of mid-tier software, where you might be paying 10 people to do what Netflix does better with 2.
Learning to run a tech company when you have no internal expertise, and no idea of who to actually trust to build one for you is dangerous to a company's health.
Just as we have the 5 Big Tech Giants in Apple, Microsoft, Google, Amazon & Facebook, it does feel like we're similarly going to end up with 5 Big Streamers/Entertainment Behemoths in Netflix, D+, Prime Video, Apple with Max, Paramount+ & Peacock battling out for that 5th spot. Will Google/Microsoft be looking to make an acquisition in this area?!
Disney plus? Really?
@@hammerr3 D+ has the 2nd or 3rd largest subscriber count after Netflix & Prime Video (mainly due to the free 1 or 2 day shipping)! Plus the revenues from Parks & Cruises and also Merchandising has always dwarfed the revenues from the studio side of the business (even in its best years).
@@hammerr3 D+ has the 2nd or 3rd largest subscriber count after Netflix & Prime Video (mainly due to the free 1 or 2 day shipping)! Plus the revenues from Parks & Cruises and also Merchandising has always dwarfed the revenues from the studio side of the business (even in its best years).
I doubt either google or Microsoft will get involved. Google is fine with TH-cam being their streaming service in my opinion and Microsoft I just don't see wanting to dip their toes in movie/television as they haven't really prior when it wasn't unheard of for Amazon or Apple and obviously others to finance projects before really building their streaming service up to what it is.
Microsoft probably sees it as just a giant money sink and the only exception I could is if they bought I dunno let's say WBs and then used the gaming developers and ips to grow gamepass and then licensed or sold off movies and TV to other streaming platforms as I sincerely don't think they would be interested in doing that themselves
@@kennymorelandiii9406 Fair enough, but nothing would surprise me any more in this industry so would I be shocked if either Google or Microsoft tried to make a move for WBD or Paramount?! Absolutely not!
As much as I love movies, editing is the one thing I can never put my finger on. What's good editing, what's great editing, who knows, not me!
Paramount coming to an end is like what happened to 20th Centery Fox. End of an era. Sad. Thank you for the news Dan!
I think the loss of Menke had a negative effect on Tarantino's subsequent films. They don't seem as tight. Lots of scenes that lose their impact because they run on too long ('Django and especially obvious in 'Once Upon a Time in Hollywood".)
If Paramount Plus goes up in flames, that means Transformers: Earthspark goes with it, and that would be an absolute travesty.
I haven't kept up with Transformers outside of the main/original continuity (G1, Beast Wars, Beast Machines, and I dunno if they've continued that line in animation form anywhere else--yes, I know there've been comic books) and outside of the two live action movie continuities.
Is Earthspark one of the better cartoons?
@@Kris_AB As someone who still sees Animated as the best iteration of the franchise, Earthspark quickly became a close second for me.
It's a new continuity that's set decades after the war and focuses on wholly original characters discovering themselves as warriors and individuals.
Optimus and other classic Autobots are still present, but in mentor roles to the main characters. The show gives the legacy bots a lot of reverence. Even some of the Decepticons are fleshed out as more 3-dimensional characters. Especially Megatron, who in this version was successfully convinced by Optimus to a cease-fire and carries a tenuous co-existence with the Autobots.
The action is kinetic, the characters have surprisingly rich arcs, and the pathos is sincere despite the show never losing its sense of humor entirely. When the stakes get real, it's dire.
Admittedly, it takes a few episodes to get used to kid characters, but by Ep. 3, they're tolerable. I seriously suggest you give it a chance. If you're not down by episode 10, it's fine that it's not for you.
rest in peace Paramount studio
I really think the bleeding wont stop until one of these studios bail on streaming. If Disney Plus ceased I believe the other studios would follow suit.
It's funny cause they have a streaming service that's reportably profitable, Pluto, but instead of building on that model they dug themselves into a bigger and unnecessary hole with Paramount Plus
@@joseaguilar3323 absolutely man its wild to me like just cut your losses.
I believe it is mostly due to the quality of the shows and films and lax business practices.
If a company does a complete write down, they should release it as public domain.
I love Paramount+, I hope it stays around.
anyone else remember when some were telling Dan that he didn't understand high finance and his concerns about streaming and debt were unfounded? Wonder if any of those people were involved with Paramount.
Regarding the editing question: as a both songwriter and a music producer I feel it is the same with music production. A good song can be either completely ruined or elevated to a great song by music production, but no one will realize that it was the producer who did it. A bad song is a bad song no matter what producer you put on it (unless he gets creative with it but then it's more writing than producing).
It's also a maddening process so I really respect anyone who is a music producer or a movie editor. It's unpleasant to do as you feel the weight of everyone's work on your shoulders, and involves insane concentration and grasp of the whole picture.
I only went to public school so perhaps my math is a bit off, if the Coyote vs Acme write-off would've only gotten WBD $30M wouldn't it be better to sell it for $35-40M because then they'd lose $5-10M less.
Ok, but what would happen if someone like Taylor Swift bought Coyote Vs Acme? Could she release the movie however she wanted? What's the legality and logistics of buying a movie's distribution rights directly from a studio?
Given the number of movies that effectively get given public money via tax breaks from various levels of government, it only seems right that there's some blowback or restrictions on the trend of taking writedowns rather than releasing them.
As an editor you definitely hit the nail on the head when it comes to why editing isn't as noticed as other talents in film. Good editing is mostly invisible (unless it's some crazy FX-driven montage, etc) and I absolutely think of the raw footage as a "puzzle" that needs to be put together with a mix of logic and subjectivity. Jaws's effectiveness was arguably like 50% Verna Fields + John Williams, and lots of folks would be shocked if they saw the raw footage of Star Wars IV haha
Great work as always! Dan might not be the Superman the media wants, but he is the Superman we deserve!
Personally I’m tired of people blaming streaming for all the woes of these studios. Paramount is in trouble because it’s not made allot of financially successful films in years. The whole separation of movie and television studios leading to a division of the Star Trek IP and others limited the studios. Streaming was the thing the company thought would be their raft out of the rough seas they had sailed into. But to be successful at streaming you need to be huge like Netflix and Paramount doesn’t have the content or funds that Netflix has. And Netflix is not spending a good portion of their budget on theater movies and network tv. The issue is not streaming, the issue is spreading your assets around deludes your streaming product and that leads to lower subscription numbers, which is the death of streaming services.
All I hope is that this doesn't mean Lower Decks is canceled
I keep telling everyone the first company that turns around and says they aren’t going to keep doing streaming and refocus back to cable tv will blow up. All the streaming services added up is more than cable and WiFi. Everyone I know misses cable weekly shows.
I need Paramount to let go of its Star Trek slate and give it back to Netflix (at least internationally)… coz no one can even access the new Trek outside US/UK (whatever else limited territories for P+)
Everyone can access it via torrenting which is what reasonable people are doing anyway. Also, hate to break it to you, Paramount doesn't care about what you personally "need."
“Drown your tears in butter after watching Madame Web.” Love it. Paramount has so many assets that I can’t imagine what would happen if it can’t get a deal done. Leadership really dropped the ball on deals that would have kept Paramount afloat. The steaming wars are having effects like this and we should be prepared for a potentially massive consolidation of streamers. Great webcast, Dan!
A court room movie with Coyote? Who would green light something like that?
That Coyote vs. Acme movie sounds like itd be a really fun and unique movie and it’s such a shame that these studios’ own bad decisions has brought them to this point of manic bottom-line economics
8:47 u forgot to mention that they also are a tech giant along with a playstation division to fall back on
As a non editor, I think those who worked in the film industry before digital had a lot harder job. I have no idea how they figured out what they were doing when they were actually cutting up the film. That's a skill that's lost.
I loved the show you did with Mundy on screen junkies+ it was so awkward I loved it. Loved the editing in Baby Driver.
Might have been a bad idea to put Mr. Bakish in charge of streaming.
Cable vs Netflix in the future
1-3 years til an acquisition???
Dude- they’ll be sold in 6 months.
Redstone has too much debt that’s due this year.
They’ll be sold within 6mo.
For editing, check out the work of Alan Heim and Anne Coates. Heim edited Sidney Lumet’s Network and won the Academy award for editing for Bob Fosses film, All That Jazz. At age 87, Heim is still editing. Anne Coates is deceased. She won the Oscar for editing Lawrence of Arabia . Her editing of Out of Sight with George Clooney and Jennifer Lopez is amazing. She also edited Erin Brockovich. Both films were directed by Steven Soderbergh who also edits his films using a pseudonym.
It's the non-creative executive trash calling all the shots instead of creative folk. Factory cookie-cutter films wrecking properties that require respect and intelligence. People forget that people like Disney were an artist first, now there are only greedy execs. Someday, I would hope to see the Coyote movie.
only thing that might delay a buyout or merger is that potential buyers know the longer the take the cheaper it will be
Netflix should offer $1million for all the Star Trek IP.
@@pattheplanter yeah if they start selling off piecemeal then star trek might be one of the hotter properties, even though it's not been utilized perfectly over the years.
Paramount+ never has enough for me to keep an ongoing subscription. I like it, but there’s no anchor. The Australian leg might be different tho.
I'm into Star Trek and like Showtime shows. Honesty it's my favorite streaming app lol. I guess HBO too. Disney is the worst though.
Most of the studios have been having trouble since they switched to digital from flim. Maybe it's a curse of some kind that is causing there down fall.
@5:01 always amused to see Byron Allen, once a host for the very 70s show Real People now doing big media business.
It's crazy how a movie can cost 70 million dollars! All studios are bleeding money because they don't know how to save costs and trim budgets! You spend 70 million dollars and the bidder says it's only willing to pay 35? So in my mind the movie's value is actually 35, with profit which means the others 35 were thrown in the garbage. If you really start to think is CRAZY
Will I be able to purchase a VOD copy of Road House next month, or do I have to get Prime