UPDATE from Ontario Film Office Los Angeles Rep – June 22, 2018

As expected, Disney came out swinging this week, increasing its earlier bid for 21st Century Fox assets by 36%, offering $71.3 billion in a proposal that was designed to be a devastating blow to rival Comcast Corp. As detailed in the Los Angeles Times below, the gauntlet has been thrown before Comcast and its tenacious CEO, Brian Roberts, who will have to come up with more money, despite investors who are already jittery over a prospective bidding war.

http://www.latimes.com/business/hollywood/la-fi-ct-disney-fox-counterbid-20180620-story.html

 

While Fox shareholders may be in a terrific position these days, that doesn’t mean it’s smooth sailing all around at the studio. The Wrap was just one media outlet this week reporting on Fox’s family feud as TV studio creatives like Modern Family co-creator Steve Levitan and Family Guy creator Seth MacFarlane are expressing their fury at their parent company over Fox News’ coverage of family separations at the U.S.-Mexican border.

https://www.thewrap.com/fox-news-seth-macfarlan-steve-levitan-family-separation/

 

Instagram issued a direct challenge to YouTube this week with its unveiling of IGTV, which increases Instagram’s video time limit from one minute to10 minutes for most users and as long as one hour for accounts with large audiences. As detailed in the LA Times below, in addition to giving Instagram another potential drawing card, longer clips are more conducive for video ads and when they come, Instagram intends to share revenue with the videos’ creators — just as YouTube already does.

http://www.latimes.com/business/hollywood/la-fi-ct-instagram-igtv-20180620-story.html

 

Yet another industry rivalry was kicked up a notch this week with the announcement that AMC Theatres would challenge MoviePass with its own $20 month movie ticket subscription service. As reported in Deadline below, while it’s too soon to tell whether AMC will take a toll on MoviePass, distribution sources perceive the latter to be financially unstable, and question how the service will survive the summer box office season.

https://deadline.com/2018/06/moviepass-amc-theatres-new-movie-ticket-subscription-service-1202414051/

 

Film directors remained overwhelmingly white and male among the movies released in 2017, a new Directors Guild of America study found this week. As detailed in the Hollywood Reporter below, a review of the films that earned at least $250,000 at the box office found just 12 percent of helmers were female and only 10 percent were people of color.

https://www.hollywoodreporter.com/news/diversity-film-directors-remains-low-dga-study-says-1122268

 

Finally this week, Telefilm reported that Canada is on its way to achieving its goal of reaching gender parity in its production portfolio by 2020, but, as reported in Playback below, there are glaring challenges that remain.

http://playbackonline.ca/2018/06/19/telefilms-gender-parity-results-and-the-challenges-that-remain/