PRO Tip Sheet: 5 Insights From This Week

This week on WrapPRO, we confronted the scourge of streamflation, broke down lessons from the summer's $4 billion box office and tried to grasp the $7 billion price tag for CAA. [5 Insights From WrapPRO]( This week on WrapPRO, we confronted the scourge of streamflation, broke down lessons from the summer's $4 billion box office and tried to grasp the $7 billion price tag for CAA. [Read More on WrapPRO]( 1. [Streamflation: Why Streaming Prices Keep Going Up | Chart](s By Lucas Manfredi | Source: [WrapPRO]( - Nearly all the major streamers have hiked prices, some multiple times, in the past year. - This streamflation has pinched customers' wallets, but it hasn't contributed to churn. In fact, Wall Street analysts think some streamers could safely raise prices further. - But there's a limit, and a lesson from cable TV, which kept raising prices until customers rebelled and started cutting the cord. [Keep Reading]( 2. [Why the Disney-Charter Carriage Dispute Is a ‘Watershed Event’ for All Pay TV]( By Lucas Manfredi | Source: [WrapPRO]( - Conflicts between cable providers and owners of TV networks are common, but the Disney-Charter carriage dispute, which has left millions of Charter's Spectrum TV customers in the dark, feels different. - There may be no turning back, as traditional distributors and content providers fight more fiercely than ever on affiliate fees and the way direct-to-consumer services are bundled with cable. "The lifeboats have already been burned," MoffettNathanson analyst Craig Moffett wrote in a research note. - Linear viewing fell below 50% for the first time ever in July, which is forcing owners of cable networks like Disney to grapple with their future. [Keep Reading]( Join the ranks of high-powered industry leaders who read [WrapPRO]( every day. Want unlimited access to in-depth reporting, analysis, and industry data? [Upgrade to a subscription today](. 3. [5 Lessons Learned From a $4 Billion Summer at the Box Office | Chart]( By Jeremy Fuster | Source: [WrapPRO]( - The box office hasn't fully recovered from the pandemic, but 2023's summer box office, turbocharged by hits like "Barbie" and "Oppenheimer," was only 5.5% short of 2019's haul at $4.08 billion. - Those two movies and "The Super Mario Bros. Movie" weren't sequels or superhero movies, which makes the big haul all the more remarkable. The unique visions of filmmakers like Greta Gerwig and Christopher Nolan drew in audiences that may have been staying away from theaters. - Meanwhile, big franchises from the pre-pandemic era like DC, "Transformers" and "Indiana Jones" underperformed, in part because of ever-rising budgets. - The prospect of long strikes are weighing on the box office. Movies haven't been as affected as TV, but already, studios are moving some titles back because of the risk their stars won't be available to promote them. [Keep Reading]( 4. [Why Hollywood Agency CAA Sold to a French Fashion Giant | Analysis]( By Sharon Waxman | Source: [WrapPRO]( - It's not like Hollywood and the fashion world were strangers before, but the sale of talent agency CAA to fashion giant Artémis has brought them closer than ever. - Partnerships with celebrities, not models, are the modern way to market fashion. The relationships CAA brings could benefit Artémis brands like Gucci and Balenciaga. - The main question is whether the price Artémis paid, a reported $7 billion, is worth it for those benefits. That valuation is far above what private equity firm TPG paid for a majority stake in CAA with two transactions in 2010 and 2014. [Keep Reading]( 5. [Tension at the Berlinale: Artistic Director’s Exit Reflects Trouble at Major Festivals]( By Kristen Lopez | Source: [WrapPRO]( - Carlo Chatrian's exit as artistic director of the Berlin Film Festival has stirred outrage among filmmakers, but also exposed cracks in the funding and governance of these celebrations of cinema. - Unlike most American festivals, international festivals typically enjoy strong government financial support. But that brings the risk of meddling. Germany's Ministry of Culture, which backs the Berlinale, wanted a "bigger, broader" event, one insider told TheWrap. - The Berlin event isn't the only one facing the prospect of government interference. La Biennale, which oversees the Venice Film Festival, will likely get a new head in March, when Roberto Cicutto's term expires. The new right-wing government of Giorgia Meloni is likely to appoint someone friendlier to its views. [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](. [LEARN MORE]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Unsubscribe](