![]() ![]() 19 issue of The Hollywood Reporter magazine. “This represents what may be a very important new paradigm for the future.”Ī version of this story appeared in the Jan. “Nobody wants to be dictated to where and how and what they can create,” said one longtime studio executive, of the push by PE into star-backed studios. However, their desire to work with name-brand talent or producers remains, ensuring that firms like SpringHill and Hello Sunshine stay in demand. By contrast, every entertainment conglomerate is increasingly creating films and TV shows first and foremost for their owned services. Meanwhile, talent like Witherspoon, Smith and James are on board with the private equity cash as well, knowing that their financial backers have deep pockets, and are willing to sell to the channel or streaming service willing to cut the best deal. The logic with the studio buys is that the real estate will appreciate in value, while the non-stop demand in film and TV productions provide steady and stable cashflow. Meanwhile TPG purchased Studio Babelsberg in Germany, and Domain Capital Group developing a new studio in Georgia. Hackman Capital alone has purchased Kaufman-Astoria Studios and Silvercup Studios in New York, as well as Los Angeles’ CBS Studio City lot, and has purchased or is developing studio space in Scotland and Toronto, among other locales. The thesis that demand for content will continue to surge has also led to investment firms buying up soundstages and physical studios. “We feel that high-quality content with high-quality creators at the right brands create great connections in social media with large audiences.” Ritual Cinema Studios Austin, Texas Ritual Cinema Studios is a full-service production company that creates films, commercials, television shows & brand. If you’re looking to invest in direct production, you’re usually going to. “We have a thesis, and that thesis is content, community, and commerce,” Mayer described of Candle Media’s ambitions at the CES show Jan. This includes companies like Paramount Studios (PARA), Warner Brothers (WBD), Lions Gate (LGF.A) and Disney (DIS). “The competition for content is at its highest level I’ve seen in 26 years,” Endeavor CEO Ari Emanuel remarked at the Code Conference on Sept. In other words, “Peak TV” hasn’t peaked yet. The bet is that original programming, especially programming from blue-chip talent or independent studios, will not abate anytime soon, and may continue to increase as streaming services seek to stand out. “Every streaming service needs unique high-quality content to drive new eyeballs and subs, and at the same time, a lot of these companies still need to program linear TV channels, so it is almost all additive.” “There’s folks looking for a lot of supply,” a top agency source said. ![]() The data showed that in 2021 broadcast and cable channels, as well as streaming services, presented 559 English-language scripted series, a new record, and a 13 percent jump from pandemic-impacted 2020. Sells Minority Stake to Tom Staggs and Kevin Mayer's Candle MediaĪs for what’s causing the demand, look no further than the annual “Peak TV” data released by FX Networks Jan. Will Smith and Jada Pinkett Smith's Westbrook Inc. ![]()
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