Tag: film industry

Cinelytic has acquired Jumpcut Media, an AI firm specializing in IP management and audience analysis tools. The deal strengthens Cinelytic’s AI-driven data analytics platform for the entertainment industry by integrating Jumpcut’s ScriptSense tool, which evaluates film/TV scripts and books at…

Netflix is investing $1 billion over the next four years to develop original movies and TV shows in Mexico, strengthening its commitment to local content and talent. Announced by Co-CEO Ted Sarandos alongside Mexican officials, the plan includes $2 million…

Netflix’s Chief Content Officer, Bela Bajaria, insists the company is open to backend deals for talent but claims most filmmakers and producers prefer upfront payments. While Netflix made an exception for Ben Affleck’s RIP, Bajaria noted that backend deals remain…

Lionsgate had a strong Q3, slashing its losses by 80% to $21.9 million and beating Wall Street estimates with $970.5 million in revenue. The studio’s library revenue hit a record $954 million, and TV revenue surged 63%, fueled by post-strike…

The 97th Academy Awards face challenges as the movie industry grapples with declining box office revenue, lower audience engagement, and a lack of major blockbuster nominees. With no billion-dollar hits like Barbenheimer, this year’s Best Picture lineup has underwhelmed commercially,…