Jeff Shell & Les Moonves Slam Jeffrey Katzenberg’s Remarks That “Movies Are Not A Growth Business”

“I think the film business is going to be a tremendous growth business,” said Jeff Shell today. Speaking at the Milken Institute’s Global Conference in Beverly Hills, the Universal Filmed Entertainment chairman rebuffed Jeffrey Katzenberg’s proclamation earlier this week at the same conference that “movies are not a growth business.” “Domestic ticket sales are flat but if you look internationally most of the markets are growing like crazy,” Shell said, noting that globally is where the vast majority of box office comes from now. The studio boss’ comments came just hours after Time Warner CEO Jeff Bewkes slapped down the DreamWorks Animation CEO’s remarks. DWA shares are down around 11% today after it took a $57M writedown for Mr Peabody & Sherman.

Related: Katzenberg At Milken: “Movies Are Not A Growth Business”

Shell was joined on the Entertainment: The Big Picture panel today by A+E Networks president and CEO Nancy Dubuc, CBS boss Les Moonves and Activision Blizzard boss Bobby Kotick.
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This article was printed from https://deadline.com/2014/04/jeff-shell-leslie-moonves-jeffrey-katzenberg-milken-conference-movies-business-721862/