UPDATE from Ontario Film Office Los Angeles Rep – August 10, 2018

You’re getting this report a little early because I’m taking a holiday tomorrow. I’ll also be off next week, so this report will return with all the news that’s fit to print on Friday, August 17th.

 

Results of a FilmLA study that showed more of last year’s top movies were made in Canada than in California made headlines yesterday. As detailed in the Hollywood Reporter below, 20 of 2017’s top 100 movies were shot in Canada and only ten were lensed in California.

https://www.hollywoodreporter.com/news/10-2017s-top-100-box-office-hits-were-made-california-1133097

 

Viewers are about to see some changes to the Oscars telecast next February. Deadline was one of many outlets reporting this week that the Academy of Motion Picture Arts and Sciences has voted to shorten the awards telecast to three hours and to add a new award celebrating best achievement in popular film.

https://deadline.com/2018/08/oscars-changes-popular-film-category-2020-date-1202442455/

With news this week that it has secured $1 billion in financing, Jeffrey Katzenberg’s company WndrCo appears poised to emerge as a major player on the streaming video landscape.  As detailed in the Hollywood Reporter below, Katzenberg has closed the first round of funding for his start up called NewTV, a mobile-first subscription video offering,  aimed at audiences in the 25-to-30 age range and focusing on premium original content delivered in short, 10-minute chunks.

https://www.hollywoodreporter.com/news/jeffrey-katzenbergs-newtv-raises-1-billion-hollywood-studios-alibaba-1132662

 

Finally this week, during the last few years agencies like WME and CAA have gotten into the content game by building out respective production arms, Endeavor Content and Wipp; now the LA Times reports that talent agency UTA is raising funds in order to do the same. These moves are creating tremendous opportunity for production stakeholders, but I think we will see conflict of interest concerns continue to grow as agencies increasingly play both sides by both repping talent and producing the vehicles for that talent.

http://www.latimes.com/business/hollywood/la-fi-ct-uta-stake-sale-20180807-story.html