Budgets for studio theatrical slates and TV lineups are disappearing as fast as federal agencies these days. But there’s hope! Dealmakers’ Ashley Cullins joins to break down the new rules for landing a greenlight for an original film today, while Elaine Low reveals ways to navigate new small screen realities, from acing that Zoom pitch to turning that blinking yellow light green. And despite the industry’s collective surrender, Sean McNulty explains why more data could flip the narrative of an industry perceived to be in decline.

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As President Trump seeks to banish diversity, equity and inclusion, Disney buried its initiative this week, and Amazon continues to “evolve” its own. Sean McNulty, Elaine Low, Richard Rushfield and contributor Nicole LaPorte dive into whether Hollywood was ever committed to the cause — as Nicole says, “the erosion of DEI here has been going on for a quite a while” — and how to tell a real pronouncement from a fake one. Plus: How the L.A. wildfires have fueled a real estate frenzy while TV workers debate whether to flee the city altogether.

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Disney started its latest earnings call with an uncharacteristically terse Bob Iger avoiding a trio of unpleasant topics: linear TV, declining Disney+ subscriber totals and Donald Trump. What wasn’t said spoke volumes, but a few messages rang clear: film keeps churning out hits, ESPN has good/less good news, and the streaming division is firmly in the black. Meanwhile, SEC filings paint a bleak start to the future SpinCo, and a look inside the do-or-die #StayinLA movement. Sean McNulty, Elaine Low and Richard Rushfield break it all down.

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Just two deals and Sundance is almost over? Ouch. Richard Rushfield, on the ground at the fest, gives his report on indie malaise and how to fix it. Plus: Sean McNulty, Elaine Low and Richard on Peacock and NBCU’s troubling Q4, and Netflix’s showy 2025 slate, while Natalie Jarvey, author of the new Like & Subscribe newsletter, on why Hollywood absolutely should “work with” the creators upending entertainment.

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Natalie Jarvey, author of Like & Subscribe, Ankler Media's new newsletter about the creator economy, speaks with YouTube stars Sean Evans, host of Hot Ones, and Rhett McLaughlin and Link Neal — aka Rhett & Link, hosts of Good Mythical Morning. With 40 million subscribers between them, these digital innovators unpack the opportunities — creative, collaborative and financial — that come with betting on themselves. "If we can be even a small part of the story of another creator taking back something that they initiated and then taking the reins and leading, that’s the type of story that we love and we want to champion," says Neal. "We believe creators should be in charge." The trio also map out the next moves for their brands. Boneless Hot Ones, anyone?

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The entertainment industry for years turned its nose up at brand-backed film and TV, but in a disrupted Hollywood scrambling for new business models and fresh voices, the tide is turning. Natalie Jarvey, the writer of Like & Subscribe, Ankler Media's new standalone newsletter about the creator economy, moderates a discussion with four top stakeholders — Oscar-winning producer Dan Cogan (“Icarus”), Adobe Chief Brand Officer Heather Freeland, creator Jordan Howlett and UTA Entertainment Marketing Co-Head Julian Jacobs — about how marketers, filmmakers and creators are collaborating on innovative and meaningful storytelling. “Everybody loves a good story, and brands are aligning with that in a lot of interesting ways,” says Howlett, who as Jordan the Stallion boasts nearly 14 million followers on TikTok. Adds Jacobs, “The rule book is being unwritten and written as we speak.”

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Who loves doing free work? No one. Who loves getting free work? The studios. “If-come” deals — where a writer develops a show under contract but only sees money if the show sells — are on the rise post-Writers Guild strike and have led to a new “involuntary servitude,” even among big-name scribes. Ashley Cullins joins Sean McNulty, Elaine Low and Richard Rushfield to outline what’s happening and who’s fighting back. Plus: Katey Rich breaks down Oscar nominations, and Elaine shares the state of the unscripted market.

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Can Jon Voight save Hollywood? Probably not. But President Trump’s announcement that the Midnight Cowboy, Mad Max (Mel Gibson) and Rocky (Sylvester Stallone) would be his “special envoys” in L.A. on the eve of his inauguration followed the latest report on L.A.’s continued production exodus. Sean McNulty, Elaine Low and Richard Rushfield dissect the numbers and where the industry is heading in 2025. Plus: How is Gen Z outfoxing studio and streaming marketers? Matthew Frank explains. 

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“Everybody was feeling really optimistic going into this year,” says Elaine Low — and while there are encouraging signs for Hollywood, from new business models to a return to the fundamentals, she and Richard Rushfield tell Sean McNulty about friends who have lost homes, Richard’s memories of growing up in Pacific Palisades, and Elaine’s anxiety over suddenly preparing a go-bag. On a lighter note: They also dissect their night at Netflix’s WWE Raw premiere — with Richard announcing whom he’ll be fighting at the next WrestleMania.

We’re collecting stories of how the entertainment community is coping with the Los Angeles fires. Submit yours here.

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For the capstone of his Hollywood Stories series exploring the 1990s — an era of explosive creativity and innovation in the entertainment industry — Richard Rushfield talks to two execs who helped New Line Cinema become the movie studio of that golden moment. Mike De Luca is today the co-chair and CEO of Warner Bros. Motion Picture Group, but in the ’90s he was the head of production at New Line, a powerful role he stepped into at the tender age of 27. Richard Brener started as a temp at New Line in 1995 and never left, working his way up to run the studio (now a division of Warner Bros.) as its president and chief creative officer. Together they recall how the indie house launched by Bob Shaye in 1967 struck gold nearly 30 years later with comedy blockbusters (Austin Powers, Dumb and Dumber, Rush Hour, The Wedding Singer) and revered auteur-driven dramas (American History X, Boogie Nights, Se7en). As an indie, "you were kind of locked into lower-budget acquisitions and films — that all coalesced into a business plan of sleeper hits," De Luca says. “We were not afraid of trying things that we liked, even if other people had passed on them.”

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