Looking back, and ahead, with Bloomberg’s Lucas Shaw
Channels with Peter Kafka
Deep Dive
Why were media companies and filmmakers increasingly visiting Saudi Arabia, Qatar, and the UAE?
Media companies and filmmakers are flocking to the Middle East because they are seeking new sources of funding as traditional funding sources like China have dried up and borrowing costs have increased.
What is the primary goal of the Red Sea Film Festival in Saudi Arabia?
The Red Sea Film Festival aims to create a platform to elevate filmmakers from the Middle East, Africa, and South Asia, while also encouraging international filmmakers to consider making movies in Saudi Arabia.
How has the perception of Saudi money changed in the entertainment industry since the killing of Jamal Khashoggi?
While there was initial revulsion and a reluctance to do business with Saudi Arabia, the perception has shifted, and it is now relatively easy for executives and producers to take Saudi money, though some talent still hesitates due to concerns about human rights issues.
Why is there an expectation of more media consolidation in 2025?
The expectation of consolidation stems from the need for media companies to adapt to a contracting industry, with declining cable networks and the difficulty of raising money for independent productions, leading to a focus on cost-cutting and efficiency through mergers.
What is the rationale behind Comcast spinning out its cable networks into a new company?
Comcast is spinning out its cable networks to separate declining assets from its core business, allowing the new entity to acquire other cable networks at a time when Wall Street has turned against the traditional media business, potentially leading to cost efficiencies.
What is the outlook for Disney under Bob Iger's leadership in 2025?
Disney is seen as one of the more stable legacy media companies, with a strong movie studio, a break-even streaming business, and profitable theme parks. However, the company faces challenges in maintaining TV time share for its streaming services.
What impact could the potential ban of TikTok in the US have on the media business?
A TikTok ban would benefit platforms like YouTube and Instagram, which have TikTok clones, and remove an important marketing channel for Hollywood studios and record labels. However, it could also disrupt the way young people discover content and culture.
What is the new normal for movie ticket sales post-pandemic?
Movie ticket sales are expected to remain down by 15-20% from pre-pandemic levels, with most people only going to theaters for sequels and big-budget films. The habit of frequent movie-going has largely disappeared.
What is Lucas Shaw's recommendation for a movie to watch over the holidays?
Lucas recommends 'Kneecap,' an Irish movie about a real-life story of a musical trio that played a role in promoting the Irish language, which he found charming and enjoyable.
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