Despite what the splashy yacht parties in Cannes suggest, media companies really are trying to save money right now. Really! Top execs at Warner Bros. Discovery, Disney, Netflix, Paramount Global, …
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But no matter how many jobs these Hollywood heavyweights cut , reaching an outlandish savings target is going to require pinching pennies in more areas than staff headcount. While CFOs are shredding budgets to ribbons, TV’s latest FYC season poses another quandary: What is the cost vs.
“In the film world, I’ve seen the industry equivalent of a knife fight break out between various producers over who gets the ‘produced by’ credit and who gets to go on stage,” Newman continues. “And I’ve seen hundreds of thousands, if not millions of dollars, lost in compensation — or, conversely, spent in lawyers’ fees — to define who gets to go on stage. And that’s more of a vanity issue than an economic issue.
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