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PRO Tip Sheet: 5 Insights From This Week

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thewrap.com

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newsletter@thewrap.com

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Sat, Apr 6, 2024 04:10 PM

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This week we reported on how “Monkey Man” became a Universal theatrical event, on Endeavor

This week we reported on how “Monkey Man” became a Universal theatrical event, on Endeavor co-founder Ari Emanuel's payday, on media politicizing that changed perceptions of Israel and on a shareholder revolt that threatened Bob Iger's legacy. 5Insights From WrapPRO]( This week we reported on how “Monkey Man” went from a Netflix castoff to a Universal Pictures theatrical event. We also reported on the big paydays for Endeavor co-founders Ari Emanuel and Patrick Whitesell as the company goes private, analyzed the politicizing of the media that has changed perceptions of Israel, explained how a shareholder revolt once put Disney CEO Bob Iger in power and a new one threatened to take it away, and reported on how survivors of the Hamas massacre at the Nova festival are struggling move forward with their lives. 1. [How ‘Monkey Man’ Went From Netflix Roadkill to Universal's Theatrical Event]( By Taylor | Source:WrapPRO]( - Dev Patel's directorial debut “Monkey Man” faced initial setbacks, after being dropped by Netflix for potential political undertones, but found a champion in Jordan Peele who convinced Universal Pictures to acquire and distribute it. - The film, set in contemporary India, follows a man seeking revenge for his mother's death, blending violent action with themes of identity and societal hierarchy. - Peele's support was crucial in bringing “Monkey Man” to the big screen, highlighting the film's unique vision and the importance of theatrical experiences for action-packed narratives. [Keep Reading]( 2. [What Ari Gets: $25 Million, a Plane and the End of the Endeavor Mega-Dream | Analysis]( By Sharon Waxman | Source: [WrapPRO]( - Silver Lake's deal to take Endeavor private at a $13 billion valuation and sell off its assets, just three years after going public, offers huge potential paydays for co-founders Ari Emanuel and Patrick Whitesell, with Emanuel set to receive a $25 million bonus, 2.5% of WME's quarterly net cash profits and more equity. - The move highlights the challenges of building a global, publicly-traded brand from a Hollywood talent agency amidst industry consolidation and decline. - Wall Street's skepticism towards Endeavor's diverse assets led to the decision to unwind the company, with operations now focusing on the original asset, the WME talent agency, and with plans to sell off other assets like Professional Bull Riders, IMG, 160over90 and OpenBet. [Keep Reading]( 3. [The ‘Tectonic Shift’ in Media That Changed Perceptions of Israel: ‘What’s Left Is a System Run by Activists’]( By Sharon Waxman | Source:WrapPRO]( - The coverage of the Israeli-Palestinian conflict has shifted towards fixed narratives and activist journalism, with significant consequences for regional tensions and global perceptions. - Instances of biased reporting and censorship in mainstream media outlets have skewed the narrative, particularly regarding events such as the conflict between Israel and Hamas. - The growing ideological influence in newsrooms is leading to a generational split in reporting that is impacting how the entertainment industry chooses to depict the Israeli-Palestinian conflict in movies, documentaries and other creative projects. [Keep Reading]( 4. [A Shareholder Revolt Put Bob Iger in Power. Another One Could Strip Him of It]( By Lucas Manfredi and Drew Taylor | Source:WrapPRO]( - Disney CEO Bob Iger faced a shareholder revolt led by activist investor Nelson Peltz's Trian Fund Management, who criticized Disney's content and financial performance, seeking board seats and advocating for strategic changes. - The situation echoed Disney's past turmoil, such as the 2004 ousting of former CEO Michael Eisner following the Save Disney campaign, which resulted in Iger taking over and subsequently steering Disney to success. - Institutional investors, including Vanguard Group and BlackRock Inc., played a pivotal role in deciding the outcome of the showdown, with key endorsements split between Iger and Peltz, highlighting the complex dynamics of shareholder activism in the entertainment industry. [Keep Reading]( 5. [Survivors of Hamas Massacre at Nova Music Festival Struggle to Rejoin Life]( By Sharon Waxman | Source: [WrapPRO]( - A retreat in Southern California provides therapy and support for survivors of the tragic Hamas attack on the Nova Music Festival, offering a safe space for healing and community building. - The harrowing events of the attack, which left an estimated 360 dead, dozens kidnapped and many more traumatized, highlight the profound impact of terrorism on individuals, with survivors facing ongoing physical and psychological challenges. - The global psy-trance community, rocked by the tragedy, grapples with the aftermath as survivors share their stories of survival and loss, underscoring the need for greater awareness and support within the music festival scene. [Keep Reading]( With a focus on delivering actionable intelligence, the PRO Tip Sheet empowers readers to stay ahead of the game in the industry. Want to go deeper? [Explore WrapPRO today](. TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Unsubscribe](

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