Smoke or Fire? The Most Troubled Hollywood Companies

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 847 Ratings

🗓️ 5 December 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

2022 has been a rough year for Hollywood—theater chains have struggled, mass layoffs are taking place, and stocks have plummeted. Matt is joined by Bloomberg’s Lucas Shaw to discuss the companies that have struggled the most this year and determine which still should have room for optimism and which are permanently headed in the wrong direction. Host: Matt Belloni Guest: Lucas Shaw Producer: Craig Horlbeck Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

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1:01.0	It is Monday, December 5th. If you're looking at the headlines coming out of Hollywood the past few
1:05.8	months, you'd think the place was literally on fire. Layoffs, downsizing, anxiety, a lot of big therapist bills. Warner Brothers
1:13.7	Discovery, home of CNN, HBO, the Warner Brothers Studio, has been gradually shedding jobs
1:19.6	about a thousand employees this fall. Paramount Global, home of CBS, Showtime, Paramount Pictures.
1:25.8	They're laying people off. NBC Universal's laying people off. Disney has a hiring freeze and has warned of layoffs. Netflix kicked it off earlier this year, kind of opening the floodgates by firing a bunch of people. Just this past week, the HLN Network, basically being gutted, replaced by CNN content. AMC networks, the TV company, 20% reduction
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