Micah Green: Former CAA Agent Takes Entrepreneurial Leap With Dan Friedkin — Deadline Disruptors
After co-heading the CAA Film Finance and Sales Group with Roeg Sutherland for over a decade, Micah Green shocked the indie film community by leaving to form a venture with entrepreneur Dan Friedkin, backer of producer/financier Imperative Entertainment. Long considered one of the brightest agents piecing together independent films, Green joined Friedkin in a business that so far doesn't have a name or a stated structure.
Even though the new venture is still somewhat… Read
Snap Shares Lose Focus Following Disappointing Q1 Earnings Report
Snapchat owner Snap Inc is paying the price this morning for the disappointing numbers it served up last night in its first quarterly earnings report as a public company.
Stock prices in the camera-focused company are down more than 20% in early trading to about $18 a share, just $1 above the IPO price in March. It touched $17.59, a new low in its short history on the New York Stock Exchange.
Investors were most startled by the decline in the average revenue per user: It… Read
Verizon Outbids AT&T For Wireless Company That Could Help 5G Rollout
Verizon has snatched spectrum-rich Straight Path Communications away from AT&T. The No. 1 wireless provider says this morning that it has an agreement to buy Straight Path in an all stock deal that values it at $3.1 billion — handily beating the agreement it struck last month to accept $1.25 billion in stock from AT&T.
Verizon will pay AT&T a $38 million break-up fee that Straight Path was obligated to assume if it backed out of their deal.
Straight Path is rich in the… Read
Skydance Hires VR Exec Chris Hewish As EVP Interactive
Skydance has hired Chris Hewish as EVP Interactive, a newly created role in which he help to set and execute overall strategy for Skydance Interactive, and oversee development, partnerships, and new business opportunities. He arrives from VR company Survios, where he was Head of Studio and Publishing.
Skydance launched its interactive division a year ago, acquiring leading game developer The Workshop Entertainment for its beachhead. It is tasked with creating and owning… Read
Apple CEO Defends Company’s Role As U.S. Job Creator, And iPhone Prospects
Apple CEO Tim Cook seems eager to dispel the notion that his company shortchanges the U.S. by making its products overseas — especially in China — and parks about 93% of its $256 billion in cash outside the country, where tax rates are lower.
“Apple is a company that could only have been created in America,” he told analysts in a quarterly conference call. “We’re incredibly proud to support more than 2 million jobs in all 50 states, and we expect to create even more.”
ICM Partners Foils Identity Thief As Hackers Target Hollywood Talent Agencies
About two months ago, someone tried to impersonate ICM Partners’ head Chris Silbermann and get employee social security numbers. That attempt, which was done through a fake AOL email, was shut down quickly and before information was given out and the situation was handed over to the FBI. UTA was hacked just about a month ago, leading to an email shutdown and people reverting to (gasp!) communicating by phone.
Deadline’s sister company Variety had a security breach, and CAA… Read
10 Ways Hollywood Can Thwart Next ‘Orange Is The New Black’ Cyber-Theft & Agency Hack
During the 2014 Sony hack, Deadline readers benefited from the wisdom of Los Angeles based Hemanshu "Hemu" Nigam, a former federal prosecutor against Online Crimes and former Chief Security Officer for News Corp and Fox Interactive Media, and VP Worldwide Internet Enforcement under Jack Valenti's MPAA. Nigam then called for the appointment of a Hollywood cyber czar after the Sony attack, and gave self-protection advice to Sony staffers dealing with the public dispersal of… Read
Charter CEO: Streaming Video Services Cannibalize Satellite Subscriptions
Even though Charter Communications is losing video subscribers, CEO Tom Rutledge says he doesn’t worry about the growing number of lower-priced streaming services such as AT&T’s DirecTV Now and Dish Network’s Sling TV.
“The story from the programmers and some of the virtual MVPD operators was that this was going to grow the market,” he told analysts this morning. “If you take a look at the evidence so far, the current [over the top] offerings just seem to be cannibalizing… Read
‘Orange Is The New Black’: Hacker Says He Stole New Season, Demands Ransom From Netflix
Orange is the new hack? Netflix is facing a cyber nightmare as a hacker claims to have stolen the upcoming fifth season of its popular prison dramedy and is demanding to be paid to keep it off the Internet ahead of its June 9 premiere. The Associated Press reports tonight that a person using the moniker The Dark Lord claims to have uploaded the first Season 5 episode of Orange Is the New Black to an illegal file-sharing service already, though AP said it could not confirm… Read
FCC Chairman Vows To Reverse Open Internet Rules, Enhance Investment
UPDATE with more reactions: The war over net neutrality is on. FCC chairman Ajit Pai today laid out his plan to reverse the agency’s 2015 open Internet rules designed to guarantee that service providers treat everyone’s content equally.
At the agency’s May 18 meeting he will introduce a Notice of Proposed Rulemaking that would change the decision to regulate the Internet as a common-carrier service similar to phones under Title II of the Communications Act.
The change… Read
Sundance Feniger Named VP & GM Of Boomerang
Time Warner's Turner and Warner Bros. has set Nickelodeon veteran Sundance Feniger as VP and General Manager of its new Boomerang premium VOD service for animation. He will lead the overall Boomerang streaming business across all functions, partnered with DramaFever on technology. He will report jointly to both companies.
"Sundance has a passion for kids content and animation," Turner and Warner Bros said in a statement. “He also has the technical and data background to… Read
Facebook CEO Vows To Make Cameras The “First Augmented Reality Platform”
Facebook CEO Mark Zuckerberg told developers today that he plans to make the camera “the first augmented reality platform.”
At the company’s F8 conference, he described efforts to harness object recognition technology and GPS to provide users with information about the places they happen to be, or just have fun — for example, with the kinds of picture enhancements associated with Snapchat.
“Over time this is going to be a really important technology,” he says. He’s also… Read