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Showing posts from August, 2024

A New Shakeup in the Hollywood Landscape as Two Key Management Firms Merge

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 In what we can only sincerely hope will be a far smoother merger process than that which has faced the beleaguered Paramount Global Group, two major Hollywood business management firms are set to merge into a new, expanded entity. Blake & Wang P.A. You could see an  entertainment lawyer in Los Angeles, Brandon Blake, shares the news.                                                                 Brandon Blake New Deal, Few Details Hollywood business management stalwarts Goldman & Knell will merge with their rival firm, Gelfand, Rennert & Feldman, in another shakeup to the established landscape. While Focus Financial Partners unveiled the deal itself last week, we have yet to be introduced to many of the details. Goldman & Knell, particularly, have a reputation for providing investment advice and industry planning to key Hollywood businesses, including advice on navigating the rocky field of work stoppages we’ve seen in recent years. Fast Close Interestin

Wait, Now We’re Talking Roku and Paramount?

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Roku may be entering the Paramount arena, in a move precisely no one saw coming. It’s certainly a novel strategy — how do you take out 2 of your competitors in one? Buy the whole company! It’s not like bids for the ailing Paramount Group have been easy to find, after all. Blake & Wang P.A. entertainment attorney Brandon Blake has more on this interesting new development.                                                                       Brandon Blake It Started with Fubo Fubo was first mentioned as having an interest in the Paramount Group back when the protracted negotiations first began. It seems they’re not quite willing to let go of that hope, for all the Skydance Media bid seems set to be the final contender in the Paramount Race. Edgar Bronfman Jr., wearing his other hat as the Fortress Investment Private Equity Group, is now set to team up with Roku and Baby Geniuses producer Stevan Paul for one last bid.   Mr Paul’s interest in the Paramount Group, like that of

Disney Finally Hits Streaming Profit, and It’s Early, Too

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  Streaming profit has been the watchword of the last few years as Wall Street looked past mere subscription growth and started demanding balance sheets in the black. This kicked off a race to the top for most of the major streaming services, with Netflix, which was already fully in profit, the only service with breathing room. Disney+ can now join it. Our expert entertainment attorney Los Angeles USA, Blake & Wang P.A.’s Brandon Blake, brings this good news to the table.                                                                        Brandon Blake Beating Timelines Disney targeted streaming profits by the end of Q4 2024 or the first quarter of 2025. It has managed to beat its own time frame, mostly off the back of the astronomic performance of Inside Out 2 . They reported $47M in profit for their direct-to-consumer services in Q3. This compares highly favorably to the $512M loss of the same period last year!   Ironically, this was also built off of the sports str

Neon’s Longlegs Earns a New Record as the Specialty Box Office Thrives

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  After a spectacular performance at the specialty box office , Longlegs has officially become Neon’s highest-grossing film. And this is far from the only small-scale box office success we’re seeing at the moment, either. Brandon Blake, our entertainment lawyer Los Angeles with Blake & Wang P.A., has these good news stories to share.   Brandon Blake A New Record for Neon Longlegs has officially surpassed Oscar-winner Parasite ($53.37M) as Neon’s highest-grossing box office release, with a cume of $58.6M in its third week. It also takes the title of highest-grossing R-rated horror for 2024 and the highest-grossing horror film of the last decade, knocking A24’s Talk to Me out of the top spot. Notably, it’s also currently sitting at the No. 5 spot at the general domestic box office, quite a success for an indie movie, even on wide release. Longlegs has played on approximately 2,500 screens across the country. Other Specialty Box Office Successes The Fabulous Four has

Netflix Enters the Top Four of Media Distributors According to Nielsen

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June 2024 was a record month for streaming. As the Nielsen tables finally turn towards streaming as the major entertainment growth industry, it's no surprise to see the larger streaming platforms take their place among key media distributors. What is surprising, however, is just how high they have soared. Our entertainment lawyer and inside source, Blake & Wang's Brandon Blake, has some good news to share.  Brandon Blake Netflix Claims Another Crown For now, at least, Netflix remains the undisputed king of the domestic streaming landscape. However, its fourth-place arrival in the ranks of all media companies (in terms of share of TV use in the US) was a surprise. This is its best performance to date in Nielsen's three published Gauges. YouTube also continues strongly, chasing Disney's top spot closely. Netflix scooped up 8.4% of all TV viewing in June 2024, powered primarily by the appeal of the latest Bridgerton series and a surprising interest in its library ser