Connect with us

Entertainment

Netflix Passes Disney in the Stock Market, Here’s What This Could Mean for the Entertainment Industry

Published

on

  • Netflix passed the Walt Disney Company in the stock market, signaling what could be a potential shift in the entertainment industry as lockdowns continue. 
  • As streaming becomes a go-to form of media consumption, Netflix has already seen massive success with projects like Tiger King.
  • In the next few months, other major new shows and movies are slated for release, making it one of the few platforms regularly releasing new, original content right now.
  • Meanwhile, traditional studios and movie theaters have been put on hold and are looking at the future. Right now, plans for reopening theaters could include half capacity seating and playing old classics if new releases continue to be delayed.

Netflix Passes Disney

Netflix passed the Walt Disney Company in the stock market in a move that could be very telling about what is to come for the entertainment industry as the country, and much of the world, stays at home.

On Tuesday night, Netflix closed up 3.2% with a market capitalization of $187.3 billion. Disney’s market cap sat just under at $186.6 billion, and closed by going up 2.5%. This could be a significant step up for Netflix as investors see potential for streaming to shine and traditional studios to fall behind as people are stuck at home. 

According to Forbes’ Tom Nunan, this is something that could have long-term impacts on Netflix.

“For Netflix itself, a high market cap not only means it’s worth more and will therefore have greater resources at its disposal to invest in programming and distribution,” Nunan wrote, “but the company’s leadership – – Reed Hastings and Ted Sarandos – – can rightly congratulate themselves for creating a streaming service that the world loves and uses so much…it’s now worth more than the Magic Kingdom.”

As streaming becomes the thing to do in lockdown, Disney does have a horse in the race. Its service Disney+ has seen boosts since stay at home measures began, but for the media giant, Disney+ is just a small piece of its puzzle. The company is also home to huge blockbusters, theme parks, hotels, cruises, retail, and other branches that usually rake in money, but are relatively dormant right now. As a result, the company has furloughed employees in multiple departments. 

For Netflix, however, streaming is its meat and potatoes, and its appetizer and dessert, too. Meaning that while other studios lie in wait, it has the chance to take the spotlight. 

What Lies Ahead for Netflix

In many ways, it already has. According to data shared with Business Insider, visits to its sign up page have seen quite the surge. Throughout the whole month of March, “visits to Netflix’s US sign-up page rose year over year” by significant amounts. In the second week of of the month, when social isolation started to become the new normal, visits to the page rose by almost 40%.

In the third week, when stay-at-home measures became widespread, it was up 123%. Traffic on the sign-up page has remained at an increase of over 100% since then. 

While not everyone visiting the sign-up page may actually sign up, it’s safe to assume that a good chunk do, and the increases at least signify an elevated interest in the platform. And as subscribers go up, Netflix is also faced with the challenge of putting up new content. 

For the most part, Netflix is in the same boat as most major studios when it comes to current productions being put on pause. But, it still has an advantage, because its strategy ensures that there are almost always a plethora of new projects coming down the pipeline, making it one of the few places audiences can regularly stream new content right now. 

Between now and the end of April, there are several new releases for Netflix originals, including a new show from Mindy Kaling titled Never Have I Ever, a Ryan Murphy documentary called Circus of Books, a Chris Hemsworth-led action film called Extraction, and The Willoughbys, which is an animated feature with a star-studded voiceover cast. 

The month of May will bring more new content, including another Ryan Murphy project starring Darren Criss called Hollywood; and a limited series titled The Eddy, which comes from Oscar-winning La La Land director Damien Chazelle. 

So far, new content has served Netflix well during lockdown measures. It’s jaw-dropping docuseries Tiger King saw 34 million views in its first ten days and was the most-streamed title on the platform for two weeks. Buzz on social media generated a lot of interest for the series, which ended up getting a bonus episode shot in isolation. Comedian Joel McHale hosted a reunion among many of the documentary’s participants via web chatting, showing that the streaming giant knows how to capitalize on its quarantine popularity right now.

Movies Plan for the Future

While Netflix is seizing the day, pretty much the rest of the film industry is spending their time planning for the future. Movie theaters and studios are deciding what the plan should be when they return back to normal. But it’s still unclear what that “normal” might actually look like. 

As things currently stand, no big pictures are set to hit theaters until mid-July when Mulan and Tenet hit screens, assuming they do not get further delayed. With these dates in mind, Cinemark, one of the largest theater chains in the country, is developing a game plan to open its doors. 

According to CNBC Cinemark is looking to let people back in, but only filling theaters up to 50% of their capacity. They are also considering implementing staggered seating arrangements to allow for social distancing. If movies keep getting pushed back and a lack of new films end up being an issue, they could also dive back into their library and get audiences by playing some of the classics.

While opening up theaters to only partially filled crowds sounds like a financial risk, Cinemark maintains that this will be profitable. They claim they can easily profit if only under a third of the available seating is full, and have even turned profits when turnouts are as low as 10%. 

See what others are saying: (Variety) (Vanity Fair) (The Verge)

Advertisements

Entertainment

Twin YouTube Stars Charged With Felonies After Fake Bank Robbery Video

Published

on

  • The Stokes Twins, who have 25 million TikTok followers and 4.8 million YouTuber subscribers, were charged with false imprisonment and swatting on Wednesday in connection to a fake bank robbery prank video they filmed in October 2019. 
  • In the video, they run around the Irvine, California area dressed in all black, with ski masks and duffle bags full of cash to make it seem like they had just committed a crime.
  • The prank resulted in their Uber driver being held at gunpoint by police, who authorities later learned was not involved. Even after police issued the duo a warning, they continued to carry out their prank on the UC Irvine campus. 
  • Each face a maximum sentence of four years in state prison if convicted on all counts. 

Stoke Twins in Trouble 

A pair of brothers known online as the Stokes Twins are in serious legal trouble over a fake bank robbery prank video they uploaded to their YouTube channel last year. 

The brothers are 23-year-old Alan and Alex Stokes, and they have 4.8 million followers on YouTube, where they post challenge videos, pranks, and other content. They also have over 25 million followers on their joint TikTok account. 

On Wednesday the Orange County District Attorney’s office in California announced that they had each been charged in connection with their robbery prank. 

The DA’s office said the video at the center of this case was filmed on October 15, 2019. However, in the video, the twins say it was filmed over the course of three days. According to The Hollywood Reporter, it had more than 1.4 million views before it was set to private sometime yesterday. Still, reuploads of the prank have already been posted and shared, along with more details about what happened when it was filmed thanks to a press release from the DA’s office. 

What Happens in the Prank Video?

In the video, the pair dresses up in all black with ski masks and duffle bags full of cash to make those around them believe they have just committed a crime. Much of the video is filmed in the Irvine area and UC Irvine campus, where the two run around to catch people’s attention, sometimes tripping and spilling cash onto the ground.

In some parts of the video, they approach strangers and ask for directions to the nearest bank. “Do you know how tight their security is?” one brother says after getting directions from a group of students. “I’m just going to make a large withdrawal if you know what I mean.”

A short time later, they return to anyone they previously approached and offer them money for their help. “Hey man, I just wanted to give you this cause I would have never gotten this without your help,” one brother says. 

At other points, they ask people if they can buy their clothes off of them and approach women to ask them out on dates, showing off their bags of cash. They even ask some women to help them commit their fake crimes.

“So I’m actually trying to rob a bank and I’m looking for an attractive female to distract the security guards. Would you be down to do that?” they ask.

The video ends with extra footage from these encounters, where the two explain that it was all a prank and people admit that they saw the cameraman or suspected it was a joke. 

Stunt With Uber Driver Goes Wrong 

Still, there were some people who didn’t think it was a joke at all. At one point in the video, the twins get into an Uber and the driver quickly becomes uncomfortable by the situation they’ve put him in.

“What is this?” the driver asks. “Uh, our getaway driver just bailed on us so uh,” one twin says.

“We’re going to like a costume party…Could you step on it? Like step on the gas,” they add.

“This is weird. It’s not funny. Okay, I can’t just take this ride. Just get out of my car please.” the driver tells the twins.

According to the DA’s office, a bystander saw this exchange and believed they were attempting to carjack the driver, so they called the police. When authorities responded, they ordered the driver out of the car at gunpoint. He was ultimately released after they determined that he was not involved.

Police also issued a warning to the brothers at that time about how dangerous their conduct was and let them go, which the twins actually include in the video. 

When the brothers explain that its a prank, one officer says, “A public prank that gets about 15 police officers in the area hauling butt over here cause you guys are pulling off masks.

One of the twins explains that he called the non-emergency police number and notified them of the days they would be filming their video. The officer responds with, “This is what’s going to get someone potentially gunstuck or someone hurt. We have people stopping the middle of the street because they’re watching this, guys pulling up ski masks, throwing stuff of the ground, changing clothes.”

One of the brothers explains that most people were laughing and he didn’t expect this to happen, seeming to admit that they took it too far. The officers continue to try to explain the seriousness of the situation to them, with one saying, “Dude, this about what’s going on nowadays. Think about it man you’ve got to be smarter than that.” 

“You know better…I want you guys to be creative and do what you want to do, but you’ve got to be smarter than this. What do you think people are going to do? Right, and you’ve lucky you didn’t get any guns drawn at you. You’re absolutely lucky you didn’t get any guns drawn at you.”

The officers remain calm, warning them to be careful and advising them to maybe rent a space or a controlled area for future videos instead. Because the brothers placed this at the end of the video, you might believe that maybe the twins realized what they did wrong and were learning from their mistake.

However, according to the press release, the brothers performed the prank on the University campus four hours after police initially spoke to them. 

In fact, they even laugh about how they’ve had the police call on them throughout the day when talking to others that they pranked on campus. 

They tell one group of students about the incident with the Uber driver adding, “The Uber driver kicked us out of the car. One minute later, there were like 10 cop cars that pulled out guns on him. They were like rifles. They thought he was the getaway driver guns so they had like 15 guns put up. He’s like ‘I’m not even a part of this.’ So yeah, poor guy.”

What Were They Charged With? 

The brothers have each been charged with one felony count of false imprisonment affected by violence, menace, fraud, or deceit, and one misdemeanor count of falsely reporting an emergency, which is often referred to as swatting. They both face a maximum sentence of four years in state prison if convicted on all counts.

When announcing the charges, D.A. Todd Spitzer condemned their actions, saying in a statement, “These were not pranks.”

“These are crimes that could have resulted in someone getting seriously injured or even killed. Law enforcement officers are sworn to protect the public and when someone calls 911 to report an active bank robbery they are going to respond to protect lives. Instead, what they found was some kind of twisted attempt to gain more popularity on the internet by unnecessarily putting members of the public and police officers in danger.”

The brothers have no made any public comments about the charges as of now. 

See what others are saying: (The Verge) (The Hollywood Reporter) (CNN

Advertisements
Continue Reading

Entertainment

Katy Perry and Portia de Rossi Share Support for Ellen

Published

on

  • Ellen DeGeneres received words of support from her wife Portia de Rossi, singer Katy Perry, and others following accusations that her the workplace behind the scenes of “The Ellen DeGeneres Show” is toxic.
  • Several reports indicated that DeGeneres might be departing from her show, but NBC News confirmed Tuesday that she is staying for an 18th season.
  • The allegations against top staffers on the show include bullying, racism, and sexual harassment.
  • WarnerMedia is conducting an investigation into the workplace, and DeGeneres said she is committed to making changes going forward.

Stars Defend Ellen

Rumors have been swirling that Ellen DeGeneres might be leaving her post as the host of her own talk show following allegations of a toxic workplace behind the scenes. However, those rumors were quelled on Tuesday morning, and celebrities began to speak up in support of the daytime host. 

Pop star Katy Perry tweeted support for DeGeneres, saying she has “only ever had positive takeaways” from her encounters with her. Perry also praised DeGeneres for the strides she has made when it comes to representation and equality on television and elsewhere. 

On Monday, DeGeneres’ wife, actress Portia de Rossi, shared an Instagram photo that said “I Stand By Ellen.”

Country singer Brandi Carlile responded to the post, calling the attacks against DeGeneres “unprecedented.”

“Ellen has made my life so much easier for me and other LGBTQ people,” she commented. “I’ll never stop being grateful for that.”

Some Speak Out Against Ellen

Other stars have been quicker to condemn Degeneres. Brad Garrett, best known for his role on “Everybody Loves Raymond,” said these issues are well known and start at the top. 

“Know more than one who were treated horribly by her.⁩ Common knowledge,” he tweeted.

“Back to the Future” actress Lea Thompson replied to an article sharing Garrett’s statement and said it was true. 

Twitter has also been quick to punish DeGeneres. Several reports indicated that she was leaving and speculated that James Corden might be her replacement. On Monday, #ReplaceEllen was a trending topic where users suggested personalities that they believe should step into DeGeneres’ shoes. 

The reports suggesting she is leaving the show have been disproven. On Tuesday, NBC News confirmed that DeGeneres would be staying on for an 18th season.

What Are the Accusations?

The accusations against DeGeneres and her staff are serious. Some former staffers say that producers use intimidation and fear tactics on set every day. Others say they have faced racism. WarnerMedia is conducting an investigation into the matter. DeGeneres herself released a statement on Thursday addressing her staff. 

“On day one of our show, I told everyone in our first meeting that ‘The Ellen DeGeneres Show’ would be a place of happiness — no one would ever raise their voice, and everyone would be treated with respect,” she wrote. “Obviously, something changed, and I am disappointed to learn that this has not been the case. I could not have the success I’ve had without all of your contributions. My name is on the show and everything we do and I take responsibility for that.”

Following her response, more allegations were shot at leaders of the show. BuzzFeed News published a scathing piece accusing three of the show’s top staffers of sexual assault and harassment, including head writer and executive producer Kevin Leman. One ex-employee said Leman asked him if he could give him a handjob or perform oral sex while at a company party. Another said they saw Leman grab a production assistant’s penis. 

Almost a dozen also said it was common for him to make inappropriate sexual comments and jokes. Leman told BuzzFeed that these allegations and their article were malicious and misleading.

Executive producer Ed Glavin was also accused of inappropriately touching women, and allegedly “had a reputation for being handsy with women.” 47 former employees also told BuzzFeed that he led with intimidation and fear on a daily basis. Prior to BuzzFeed‘s publication, several reports indicated that as a result of WarnerMedia’s investigation, Glavin could be departing the show. 

Co-executive producer Jonathan Norman was accused of grooming a former employee by taking him to concerts and giving him other perks. That employee alleges that one night, Norman attempted to perform oral sex on them. This was corroborated by three former employees. Norman also denied this to BuzzFeed, claiming that the accusations come from someone with ulterior motives.

It is not clear what other actions will be taken as a result of these accusations. 

See what others are saying: (NBC News) (Washington Post) (People)

Advertisements
Continue Reading

Entertainment

Emmys Preparing Remote Telecast for September Show

Published

on

  • As has long been assumed, officials with the Emmys confirmed that the awards show will be conducting a remote telecast on Sept. 20.
  • A letter sent to nominees by host Jimmy Kimmel and several other producers said that aspects of the show will be coming to nominees’ homes to create a virtual show.
  • According to that letter, technicians, producers, and writers will work with the nominees and with Kimmel to create the show. Nominees will be filmed from their homes or other remote locations of nominees.
  • No further details about the show, including if segments will be pre-taped or if winners will be announced in advance, have been released. 

Emmys Go Remote

Instead of its traditional dazzling red carpet and Los Angeles backdrop, the 2020 Emmy Awards will be coming to you from the homes of television’s biggest stars. 

It has long been assumed that the show would not go forward in the Microsoft Theater, as coronavirus lockdowns, social distancing protocols, travel restrictions, and case increases in L.A. make that a seemingly impossible concept. Host Jimmy Kimmel, along with some of the show’s producers, confirmed this in a letter addressed to nominees, obtained by Variety on Wednesday. 

“At a time like this, we’re taking the opportunity to create a moment that is more relaxed, more entertaining, more enjoyable not only for you, but for the millions watching at home,” that letter stated. “It’s still television’s highest honor, and we never want to lose the significance of being nominated for, and maybe winning, an Emmy, but we’re going to do in a way that is appropriate to the moment (and guarantees you a memorable night).”

“But we cannot ignore the circumstances, and aside from NOT being able to come together in one place, we also acknowledge that our world is going through a challenging moment in many ways,” the letter continued. “We’ll be producing an event that is filled with warmth and humanity, which celebrates the power of television to bring us together and to help us shape our world.”

What to Expect

As for how this works come show night on Sept. 20, the letter further explains that a team of technicians, producers, and writers will work with Kimmel and the nominees to capture essential awards show moments from the homes of nominees or another remote location of their choice. 

Fashion wise, the letter said that the theme of the night is “come as you are, but make an effort!” So, if people want to suit up or throw on a ballgown, great. If they’d rather chill in their bed in PJs, that’s fine too, but powder those cheeks and make sure those pajamas are designer. 

While this COVID-19-era set-up now potentially gives Americans the unprecedented chance to get a peak at A-lister’s living rooms, it also leaves a few major questions unanswered. For example, it is still not known if the whole show will run live or if portions will be pre-taped. 

Likewise, we also don’t know if winners will be hearing of their victory for the first time during the broadcast or if they will be told in advance of the show. Setting up live cameras, audio, lighting and other logistics for every single nominee in the event they win is a difficult feat. 

While the letter states the intent for nominees to work with the show for some technical aspect like this, it is unknown if every single nominee will appear on screen and participate the way they would during a normal show. 

The Emmys will air on Sept. 20 on ABC. 

See what others are saying: (Variety) (The Hollywood Reporter) (Vanity Fair)

Advertisements
Continue Reading