And here you thought Hollywood might coast into Labor Day. Instead, summer’s final days delivered both the inevitable — Taylor Swift and Travis Kelce’s engagement — and the unexpected: Netflix OG veteran Peter Friedlander’s exit after 14 years. Elaine Low, Natalie Jarvey and Sean McNulty break down the business stakes of both before running through the five biggest stories of the summer you need to know into the fall, from the ongoing rise of microdramas to Paramount’s high-stakes reboot with Cindy Holland, to Gen X as Hollywood’s Rodney Dangerfield generation.

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