What Media Moguls Made, AI Skepticism Among Viewers and a Global Hurdle for 'Fast X'

[Media moguls made millions as shareholders lost billions in 2022.]( [What Every Major Hollywood Chief Executive Got Paid in 2022]( By Lucas Manfredi Entertainment stocks took a beating in 2022 as economic uncertainty prompted consumers to tighten their belts and reevaluate streaming subscriptions and nights out to the movies. But even as shares broadly declined, some of Hollywood’s top executives ended up with considerable pay bumps. Public companies report executive pay annually, with most companies filing proxy statements in March or April ahead of annual shareholder meetings. The timing of the disclosures this year couldn’t be worse in terms of public perception: Major media companies have been undergoing layoffs as Wall Street scrutinizes their plans to get money-losing streaming divisions to profitability. And the Writers Guild of America, which went on strike on May 2 for the first time since November 2007 after it was unable to reach a deal in contract negotiations with the studios, began circulating an infographic slamming the executives’ 2021 pay. [Read More]( --------------------------------------------------------------- [wga-strike-ai-sign]( [Exclusive: Viewers Are Wary of Studios’ Use of AI in Film and TV Scripts, Too, Survey Finds]( By Lucas Manfredi As the Writers Guild of America strike enters its third week, a new survey exclusively shared with TheWrap finds broad concern over one issue writers have raised: the deployment of artificial intelligence in writing movie and TV scripts. [Read More]( --------------------------------------------------------------- [Fast X]( ['Fast X' – the Most Expensive Film in the Franchise – Needs to Conquer the World to Make a Profit]( By Jeremy Fuster Dominic Toretto and the Family are back for a 10th lap this weekend with Universal’s “Fast X,” the latest installment in a “Fast & Furious” series that over the past two decades has become one of Universal’s biggest box office titans. But “Fast X” will test how much interest moviegoers worldwide still have in this global moneymaker, as it heads into theaters with the biggest budget of any film in the “F&F” series. Currently, box office projections have “Fast X” earning an opening weekend of $65 million-$73 million in North America and $280 million-$305 million worldwide. [Read More]( --------------------------------------------------------------- [The Disney+ Hulu Math | Charts]( [Corey Mylchreest and India Amarteifio in "Queen Charlotte"]( [‘Queen Charlotte’ Reigns Among New Shows | Chart]( [The TikTok logo is displayed outside a TikTok office on December 20, 2022 in Culver City, California]( [Montana TikTok Ban Signed Into Law]( [netflix-signage]( [Netflix Ad Tier Grows to Nearly 5 Million]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe](