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Studio Issue International STUDIO ISSUE INTERNATIONAL www.VideoAgeDaily.com Guide 2019 Who’s Screening in Los Angeles and Where Page 8 Hollywood Studios’ Executive Sales Teams Page 18 Key Acquisition Executives and Organizations Page 20 New U.S. TV Primetime Series Page 25 Ads 2 CC2018 270x360.indd 1 5/6/19 9:44 AM FROM PEAKY BLINDERS AND THE CROWN VISIT US AT L.A. SCREENINGS! HOTEL INTERCONTINENTAL, TABLE NO. 2 sales.aenetworks.com AAdsds 2 CCC2018C2018 2270x360.indd70x360.indd 2 55/6/19/6/19 99:06:06 AAMM VIDEOAGE L.A. Screenings 2019 May 2019 Photoplay: The Indie Scene 1 2 3 1. Record TV’s Delmar Andrade 2. Pierluigi Gazzolo and his Viacom’s team (l. to. r.): Guillermo Borensztein, Sebastian Vibes, Mercedes Reincke, Federico Cuervo, Gazzolo, Rita Herring 3. Multicom’s Irv Holender, Niloo Badie, Jesse Baritz 4. Calinos’ Duda Rodrigues 5. A+E’s Helen Jurado, Jossie Capon 6. All3media’s Janel Downing 7. Ledafilms’ Alejandro Leda, Moira McNamara 4 5 67 8 910 8. Kanal D’s Kerim Emrah Turna, Mikaela Perez 9. Armoza Formats’ Sharon Levi 10. Pre-market conferences on May 13 started at 1 p.m. and ended at 5 p.m., and included sessions such as “International Co-Production: Content Trends and Insights” 11. Global Agency’s Ivan Sanchez 12. Telefilms’ Humberto Delmas, Alfredo Andreotti, Alejandro Carballo 13. ATV’s Emre Görentas 14. At the NATPE Opening Party on May 14 (l. to r.): Dinter’s Tomás Silva, Fox’s Dorothy Crompton, Lucid Dream’s Nilüfer Küyel, Netminds’ Rene Leda 11 12 13 14 3 aaaPhotopage3_2019.indd 1 5/16/19 8:40 AM aaaaAdsaaAds 2 CCC2018C2018 270x360.indd270x360.indd 4 55/13/19/13/19 22:05:05 PPMM May 2019 My 2¢ According to the recently dusted-off Modern Monetary Theory, defi cits are good for a nation’s economy. Wall Street has adopted this theory and adapted to Netfl ix. After all, what is good for the U.S. government has to be good for Wall Street! As or those who, like us at VideoAge, wonder how Wall And disagreeing with their colleagues in long as the Street can continue supporting Netflix despite its academia, as well as traditional financiers, U.S. government Fnegative cash flow and multi-billion dollar debt, Wall Street economists are using MMT continues spending wonder no more. to build economic forecasts and trading money to keep the Wall Street, apparently, is enamored with a macroecono- strategies. economy going, the mic philosophy called “Modern Monetary Theory,” or MMT, “I do find some of the [MMT] ideas useful,” pool of investors with and Netflix is one of the beneficiaries of this idea. Jan Hatzius, chief economist at Goldman available savings will MMT isn’t anything new — it was formulated in 1905 Sachs, told The New York Times. Similarly, be Netfl ix’s cash by German economist Georg Friedrich Knapp — but it is the Times quoted financial strategist James machines. nonetheless overturning current conventional economic Montier as saying that “MMT thrashes neoclassic models, and prompting financiers like Laurence D. Fink, economics, hands down.” And Daniel Alpert of CEO of investment firm BlackRock, and industrialists the investment bank, Westwood Capital, said to such as Microsoft’s Bill Gates to call MMT “crazy talk” and the Times: “MMT successfully debunks 40 years of “garbage.” misassumptions According to MMT, a govern- of how markets ment that can create its own and public credit money cannot default on debt work.” MAIN OFFICES denominated in its own currency. 216 EAST 75TH STREET In effect, MMT goes a bit farther So it seems that NEW YORK, NY 10021 to the left than the framework Wall Street’s love for Netflix TEL: (212) 288-3933 developed by British economist has to do with the MMT fra- E-MAIL: [email protected] WWW.VIDEOAGE.ORG John Maynard Keynes. For this mework that helped produ- WWW.VIDEOAGELATINO.COM and other reasons, MMT also ce billion-dollar stock gains P.O. BOX 25282 appeals to progressive politicians for the streaming company, LOS ANGELES, CA 90025 who see it as a way to increase dismissing alarms about its VIALE ABRUZZI 30 public spending. outsized debt. And, as long 20123 MILAN, ITALY However, conservative economic as the U.S. government con- EDITOR-IN-CHIEF DOM SERAFINI thinkers, like those generated by tinues spending money to the University of Chicago Business keep the economy going, the EDITORIAL TEAM “Okay Gentlemen, let’s call on Wall Street. ISME BENNIE (CANADA) School, are reportedly split be- We have a lot of losses to monetize.” pool of investors with availa- ENZO CHIARULLO (ITALY) tween those who “disagree” and ble savings will be Netflix’s LUIS POLANCO those who “strongly disagree” LEAH HOCHBAUM ROSNER cash machines. Indeed, the SUSAN HORNIK (L.A.) about MMT. Times also quoted Ray Dalio, founder of hedge fund Bridge- GLENN HOULIHAN (U.K.) Economists on Wall Street, however, who are in favor of water, as saying that “too much attention [is paid] to budgets CAROLINE INTERTAGLIA AKIKO KOBAYACHI (JAPAN) MMT, are citing the example of the U.S. economy of the relative to returns on investments.” OMAR MÉNDEZ past decade. Despite big government deficits, interest rates MARIA ZUPPELLO (BRAZIL) Apparently, MMT can make Wall Street “bullish” on fell, saving rates climbed, the economy expanded, unem- PUBLISHER Netflix and help it monetize its losses. ployment and inflation rates were at record-low levels, and MONICA GORGHETTO investors were awash in capital. Dom Serafini BUSINESS OFFICE LEN FINKEL LEGAL OFFICE STEVE SCHIFFMAN WEB MANAGER BRUNO MARRACINO DESIGN/LAYOUT CARMINE RASPAOLO PREPRESS CLAUDIO MATTIONI © TV TRADE MEDIA INC. 2019. THE ENTIRE CONTENTS OF VIDEO AGE INTERNATIONAL ARE PROTECTED BY COPYRIGHT IN THE U.S., U.K., AND ALL COUNTRIES SIGNATORY TO THE BERNE CONVENTION AND THE 5 PAN-AMERICAN CONVENTION. aaaMay_2019_Issue2_My2Cents.indd 5 5/9/19 9:41 AM VIDEOAGE World May 2019 in funding from venture capital and entertainment studios. Hollywood’s In-the-Know Gather Whitman is the former head of eBay and Hewlett Packard, at UCLA to Look into a Crystal Ball and Katzenberg once served as the chief of Walt Disney Studios he next big collaboration between technology and entertainment took center stage at March’s “Hollywood and DreamWorks Animation. Analytica,” the 43rd Annual UCLA Entertainment Symposium, where In his annual examination of Tsome of the industry’s biggest stars met to discuss the legal and economic the industry landscape, media impacts of innovations in an industry grappling with rapid evolution. analyst Tom Wolzien zeroed in More than 550 guests, who each paid $445, attended the sold-out two-day on the trends that undergird event, which raised funds for UCLA’s School of Law. the entertainment industry’s digital shift, including record Speaking with entertainment attorney Kenneth Ziffren, founder of UCLA Law’s levels of streaming content in Ziffren Center for Media, Entertainment, Technology and Sports Law, about the the U.S. and overseas. union of technology and entertainment, Meg Whitman and Jeffrey Katzenberg (L. to r.) Kenneth Ziff ren, Meg Whitman and Jeff rey Katzenberg unveiled their new media company, Quibi, which aims to deliver high-quality In a discussion about “Get- video content in six-to-10-minute “quick bites” to mobile devices by the end of this year. It is backed by $1 billion ting to the Source” of material that may be turned into movies, theatrical productions, or TV shows, panelists described how the acquisition of books, life rights, or other underlying con- VideoAge’s tent has kept up with the times. “Underlying material is really hotter than ever right now,” said attorney Hillary Bibicoff of Int’l TV Distribution Holmes Weinberg. Another presentation, “Direct H Fame to Consumer — Existential Threat or Passing Fad,” warned that while the proliferation of Fascinating Stories Honoring 10 Additional new video services, including Executives Who Built An Industry a forthcoming streaming app from Apple, gives consumers Volume 2 more choice, they risk flooding the market. “The amount of By Dom Serafini money that’s being thrown around right now for deals is extraordinary,” said Adam Glick, executive vice president of business affairs at Warner Bros. Television. The personal impact of this widespread blending of technology and entertainment was the focus of “Spotlight on Privacy: How Data Is Reshaping the Entertainment Industry,” which sorted through the California Consumer Privacy Act, a law that takes effect in 2020. Its primary backer, Alastair Mactaggart, said that the law balances consumer- information protection with regulatory flexibility in order to ensure that businesses thrive. The symposium culminated with “The Moral Contract: Con- tractual Regulation of Personal Conduct in Entertainment De- als.” Speakers on that panel emphasized that the current intense focus on personal beha- vior has led dealmakers to try to avoid scandal by including robust termination clauses in deals between studios and ta- lent, brands and endorsers, and entertainment companies and Available in Print and e-Book their executives. 6 aaaMay_2019_Issue2_Final.indd 6 5/6/19 9:19 AM Powering Content TM NATPE.com/Budapest Ads 2 CC2018 270x360.indd 7 5/6/19 11:03 AM VIDEOAGE L.A. Screenings 2019 May 2019 Who’s Screening and Where A+E NETWORKS FRED MEDIA InterContinental, Table No. 2 InterContinnetal, Table No. 7 Helen Jurado, Jossie Capon FREMANTLEMEDIA InterContinental, Suite 516 GAUMONT ALFRED HABER DISTRIBUTION InterContinental, Suite 927 InterContinental, Suite 1214 Alfred Haber, Andrew Haber, Steven Weiser, GLOBAL AGENCY Patricia Villagran InterContinental, Suite 1521 The InterContinental Hotel in Ivan Sanchez, Ekin Gabay Century City is the home of the Indies ALL3MEDIA INTERNATIONAL CBS STUDIOS INTERNATIONAL InterContinental, Table No. 3 GLOBO TV InterContinental, Suite 716 Janel Downing InterContinental, Suite 621 Studios: 5555 Melrose Avenue, Hollywood GLOWSTAR InterContinental, Suite 1121 AMERICAN ANALOG GREAT MOVIES DISTRIBUTION InterContinental, Suite 1018 InterContinental, Suite 1118 CDC UNITED NETWORK InterContinental, Suite 1224 ARMOZA FORMATS INTER MEDYA InterContinental, Suite 1614 InterContinental, Suite 1221 Avi Armoza, Karina Dolgiej CINEPOLIS DISTRIBUTION InterContinental, Suite 518 JTBC InterContinental, Suite 340 CISNEROS MEDIA InterContinental, Table No.
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