PRO Tip Sheet: 5 Insights From This Week

This week we reported on the potential impact of Harvey Weinstein’s NY rape conviction reversal, on whether David Ellison is ready to lead Paramount, on how the summer box office is shaping up and how a TikTok ban could impact entertainment marketing 5Insights From WrapPRO]( This week we reported on the shocking reversal of Harvey Weinstein’s New York rape convictions, which could impact other #MeToo cases but is not expected to affect his California conviction. We also profiled daredevil pilot and Skydance Media CEO David Ellison who is in the pole position to take over Paramount, explained why the summer box office movie slate needs an unexpected breakthrough, reported on how a looming TikTok ban could impact entertainment marketing and delved into how Dan Lin’s arrival has reinvigorated Netflix’s Animation division. — Alexei Barrionuevo 1. [Weinstein Reversal May Make It Harder for Other #MeToo Convictions, but It Won't Affect California]( By Knolle and Natalie Korach | Source:WrapPRO]( - The reversal of Harvey Weinstein's convictions in New York may impact future #MeToo cases by limiting the use of witnesses to crimes the defendant is not currently charged with to establish the context of prior alleged bad acts in cases of sexual misconduct. - Legal experts argue that the decision could make convictions in sexual misconduct cases more challenging without testimony from other survivors. - While the reversal likely won't affect Weinstein's conviction in California, it highlights the legal nuances around intent versus predisposition in sexual assault cases and may lead to similar arguments in his California case. [Keep Reading]( 2. [David Ellison May Be a Daredevil. But Is He Ready to Run Paramount?]( By Emily Smith and Lucas Manfredi | Source:WrapPRO]( - Wall Street is skeptical about Skydance Media CEO David Ellison's potential acquisition of Paramount Global, with lingering questions about his readiness to lead the troubled studio and concerns over the deal's impact on shareholders. - Ellison's history in Hollywood, from failed acting ventures to successful production projects, is marked by risk-taking and strategic investments, including the long-awaited sequel “Top Gun: Maverick,” showcasing his ability to navigate the industry's challenges. - The proposed acquisition deal, which includes fresh investor capital and a potential ownership stake for Ellison's father, Larry Ellison, faces pushback from some shareholders and calls to consider alternative bids, such as Apollo's offer to buy the entire company. [Keep Reading]( 3. [The Summer Box Office Has to Be Graded on a Curve Yet Again]( By Jeremy Fuster | Source:WrapPRO]( - The absence of a Marvel release marks the first time since 2006 that the summer movie season won't start with a superhero film, signaling the lingering impact of the 2023 Hollywood strikes on blockbuster releases. - Despite a projected $3.3 billion box office total for North America, similar to 2022, the strikes will skew comparisons with previous years, making this summer a unique and challenging one for the industry. - With fewer high-performing films expected compared to 2023, only a handful, including “Deadpool 3,” “Despicable Me 4” and “Inside Out 2,” are predicted to surpass $100 million domestically, while specialty titles aim for breakout success amidst a turbulent year. [Keep Reading]( 4. [As a TikTok Ban Looms, What Happens to Entertainment Marketing?]( By Emily Smith, Natalie Korach and Alexei Barrionuevo | Source:WrapPRO]( - TikTok's potential ban in the U.S. poses a significant threat to entertainment marketing strategies, with experts highlighting its unique ability to engage Gen Z and its impact on event sponsorships and advertising dollars. - “Baby Reindeer” is among many entertainment products that have leveraged TikTok's marketing power, which has become essential for promoting Hollywood movies, launching music careers, and delivering news and entertainment to a younger audience. - While YouTube and Instagram Reels are positioned to benefit from a TikTok ban, the loss of TikTok would disrupt the influencer and advertising landscape, potentially leading to a reallocation of ad spend and a decline in CPM rates. [Keep Reading]( 5. [How Dan Lin’s Arrival Has Reanimated Netflix Animation]( By Drew Taylor | Source:WrapPRO]( - Dan Lin's appointment as chairman of Netflix Films brings a fresh perspective to the animation division, emphasizing a cohesive artistic community and a focus on bigger, bolder projects, aligning with Netflix's surge in feature animation popularity. - Despite Netflix's recent pivot to acquiring animated films from outside studios, Lin's leadership signals a potential shift towards more in-house development and production, which would address concerns among creatives about Netflix Animation's development approach. - Netflix's animated success, shown by recent hits like “Leo” and partnerships with studios like Skydance Animation, positions the streaming giant as a formidable competitor in the animation market, poised to challenge traditional leaders like Disney and DreamWorks. [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](