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Shonda Rhimes’s ‘Bridgerton’ is a win for the old model of TV

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Bloomberg

Shonda Rhimes's new show "Bridgerton" is Netflix's latest breakout hit, and its fifth-most popular new show of all-time.

We can all make fun of the way Netflix measures a view, counting anyone who watches at least two minutes. But look past the meaningless metric to what it really means: among all of the new series Netflix has released over the past few years, "Bridgerton" was the fifth most popular in its first month.

When Rhimes agreed to her deal with Netflix in 2017, she was the first  super-producer to decamp from traditional studios for the streaming service. She paved the way for Ryan Murphy, Kenya Barris and many others. But then she took three years to deliver her first show. Netflix wasn't happy about the delay, and Hollywood executives were rumbling about all the money Netflix wasted on Rhimes.

Who is grumbling now? Murphy has produced three shows and a few movies for Netflix, all of them forgettable. Barris made one show, equally forgettable. And "Bridgerton" was the most popular TV show in the world for the holidays.

The success of "Bridgerton" is a testament to a bygone concept in modern media: quality over quantity.

Rhimes made her name in Hollywood by creating "Grey's Anatomy," the romance-fueled medical show that gave the world McDreamy and McSteamy. "Grey's" debuted in 2005, smack in the middle of the golden age of TV, a period that stretched from HBO's release of "Oz," "The Sopranos" and "The Wire" to the day Netflix released "House of Cards."

During this 15-year period, many of the best writers in Hollywood shifted from movies to TV and brought a new level of prestige to the small screen. The best showrunners of this era, such as David Chase ("The Sopranos") and Vince GiIligan ("Breaking Bad") worked on one show at a time, crafting a world or a character that burrowed itself into our collective brains for years. They did not see the end game as producing five adequate shows, but one great one.

There have always been TV producers like Dick Wolf who built miniature empires, overseeing multiple shows at the same time. But even then, they typically worked on a couple of shows at the same time. They never strayed too far from the process of creation.

The internet era has warped this dynamic, and not just in TV. Facebook, YouTube, Instagram, Twitter, Twitch and TikTok reward people who post a lot. Daniel EK, the CEO of Spotify, suggested some musicians weren't making much money because they didn't release enough music. YouTube creators often have to take breaks or quit all together because of burnout.

This demand for greater productivity has infected Hollywood as well, transforming the golden age of TV into the age of peak TV. Netflix thrives not by creating a couple of shows that it nurses over a period of months, but by creating a platform spitting out new and different shows every day. That's why it has prioritized overall deals with prodigious showrunners like Murphy and Rhimes, who managed multiple shows at the same time.

The biggest producers working today have embraced the volume approach. Greg Berlanti has 20 TV shows on the air right now. Murphy is producing at least a half dozen shows, and also produced three movies that debuted in 2020. Wolf, the creator of "Law & Order," is now up to six shows at the same time.

Netflix's rivals have derided its approach, and insisted their companies would stay committed to quality by paying extra attention to creative development. And yet, the Netflix model seems to have won. HBO Max is releasing a new show seemingly every other day and Disney is planning a new Star Wars, Marvel or Pixar installment almost every week. These services are all competing to be the app you open at the end of the day.

Rhimes has resisted the demands of the mega-corporation, at least for the time being. She and her colleagues took their time to make sure their first show out of the gate worked. – Lucas Shaw

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Warner Bros. Guarantees Filmmakers a Payday for HBO Max Movies

Warner Bros. has come up with a new plan to compensate filmmakers during the pandemic: treat every movie like a box-office hit.

The studio has adjusted terms of its deals with partners to guarantee payment regardless of box-office sales and to increase the odds of performance-based bonuses. The company came up with this scheme to placate its partners, many of whom were upset when Warner Bros. said it will release its entire 2021 slate on HBO Max at the same time the movies appear in theaters.

Financiers, producers and movie stars often get paid extra money when a movie does well at the box office. Releasing a movie at home threatened to rob them of their payday. In this case, they are getting the comfort of a guaranteed payday -- but could still make some extra money if people go to the theaters abroad.

While Warner Bros. has stressed this release strategy is a one-time response to the global pandemic, we are shifting towards a world where more and more movies are released on streaming services.

The internet dumps Trump 

Many of the biggest online media services suspended or banned President Trump this week, citing his continued spread of false information and incitement of the attack on the nation's capitol.

Critics of Trump had been asking big tech to take this step for years, and cheered the move (while also saying it's too little to late). Trump's supporters decried the acts as censorship. Kevin Roose has a good piece explaining just how much power Jack Dorsey and Mark Zuckerberg wield over national discourse while having few checks on their power.

Whether or not you think social platforms should silence the president, there is one fact that is beyond dispute: the actions are legal. The Constitution is to protect newspapers, private companies and regular people from government censorship – not vice versa. We can have a debate about regulating social media companies – and we should -- but let's not pretend politicians like Trump or (Senator Josh Hawley) struggle to express their opinions in public.

The most in-demand new TV show of last year was…

"The Last Dance," ESPN's Michael Jordan docuemntary. That's according to Parrot Analytics, which is hosting its global TV demand awards.

Parrot doesn't measure how many people watched a given show – what a dream that would be! It measures demand for a show based on signals such as social media conversation, iMDB ratings and piracy.

Still, Parrot has proven an effective way to gauge what online shows are generating lots of interest online. "The Last Dance" wasn't the most in-demand TV show in total. That honor belongs to "Game of Thrones," followed by "The Mandalorian." But it was the top new series, just ahead of "Star Trek: Picard."

The music deal market is very, very frothy

If you are sitting on the right to a hit song, now is the time to sell it. Just call Merck Mercuriadis.

Mercuriadis, manager and leader of UK-based song fund Hipgnosis, spent hundreds of millions of dollars across three deals to start the year. He bought a 50% stake in Neil Young's songwriting catalog, 100% of Lindsey Buckingham's work and a full share of Jimmy Iovine's entire production catalog.

All told, Hipgnosis bought a share of future profits in hundreds of songs, including Iovine's work for Patti Smith, Tom Petty and Dire Straits, as well as Buckingham's share of "The Chain" and "Go Your Own Way."

For three years, music executives have told me Mercuriadis is overpaying for rights. And yet, the value of copyrights keeps going up.

A new era in Hollywood talent relations

Michael Sugar has raised $30 million to expand his boutique talent firm into the next big Hollywood management company. Sugar is both manager for top directors like Steven Soderbergh, but also the producer of the Oscar-winning movie "Spotlight."

Sugar plans to use this new capital to move his company, Sugar23, into podcasting and book publishing. He also aims to expand its talent-representation business by hiring as many as 20 managers over the next 12 months.

Deals, deals, deals

  • Roblox raised $520 million in a round that valued the gaming company at $29.5 billion, and said it would go public later this year through a direct listing (instead of an initial public offering).
  • Live Nation raised $500 million in debt, money it will add to its war chest to survive the shutdown of the live music business. The company raised $1.2 billion in debt last year as well.
  • Roku is buying the library of shows from the short-lived short-form video service Quibi. Roku won't own the shows, but will instead have the licenses for a window to boost its advertising-supported video channels.
  • Major League Baseball is facing a scary possibility: the value of its national TV rights may drop. That's almost unheard of in modern media.

Weekly Playlist

A friend of a friend made playlists devoted to Los Angeles and Chicago, two of the great musical cities. So I feel obliged to share them.

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