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Sean Manning, the new publisher at book giant Simon & Schuster, wants to turn the publishing house into a media giant with books at its center. Why It Hits: The far-reaching influence of #BookTok — which was responsible for 59 million print book sales last year — has publishers turning the page on the tried-and-true […]
The Sundance Film Festival — the world’s preeminent indie film festival — is officially moving from Park City, Utah to Boulder, Colorado in 2027, beating out offers from Salt Lake City, Utah and Cincinnati, Ohio. The Big Picture: Sundance is looking to grow — more money, more venues, more attendance, more lodging — so a […]
Broadway plays — the classic dramatic performances, not high-production musicals — are breaking theatre-revenue records and driving such high demand that ticket prices are soaring to unheard-of heights. Why It Plays: Before the pandemic, Broadway plays had a cultural reputation as an analog art form that seemed to be losing influence (other than big blockbuster […]
United Talent Agency has started to lean on AI to do market research, optimize dealmaking, and collect the currency that now makes Hollywood go round (real-time, complete viewership metrics) partly by using its own AI-powered app. The Big Picture: UTA has been investing heavily in its data and analytics division, the Joe Kessler-run UTA IQ. […]
H&M is jumping into the world of AI by creating “digital twins” of its models that the talent will fully control. Why It Hits: Several fashion companies have already experimented with AI-generated models, which have been met with mixed-to-negative reactions. By experimenting with digital twins that are indecipherable to audiences, H&M hopes to get the […]
Napster is getting a second shot at relevance with its acquisition by 3D-tech company Infinite Reality, which wants to turn the brand into a hub for metaverse-style digital concerts. The Big Play: Napster’s acquisition sits at the intersection of two major trends — the creation of cutting-edge digital concert venues and the re-emergence of platforms […]
Netflix is revamping its gaming plans to focus on titles that can be played on the TV and bring the whole family together. The Big Picture: Netflix won the streaming wars for film and TV (a $100 billion market) but is looking to gaming (a $180 billion market) as its next growth engine. The company has already […]
Norwegian robotics startup 1X announced that it’ll start testing its humanoid robot in private homes by the end of the year. The Big Picture: Robots tidying up around the house — a test at Nvidia GTC showed 1X’s robot vacuuming and watering plants — have been a societal dream since The Jetsons. Whoever can figure out how to make […]
Retailers — from streetwear to luxury to basics — are putting coffee shops inside their brick-and-mortar stores to keep customers around longer and build community. Why It Fits: Post-COVID, people, especially Gen Zers, are gravitating back to “third spaces” — places where people can be social and feel belonging outside their homes. By creating those spaces inside retail […]
As Endeavor goes back to private under PE firm Silver Lake, CEO Ari Emanuel and Executive Chairman Patrick Whitesell are reportedly stepping away from the company they built. The Big Picture: Emanuel and Whitesell are not just two of the most influential agents in Hollywood, leading what is arguably the industry’s biggest agency, but they’ve also transformed into media moguls in […]