It’s hard to believe, but at the beginning of this year Bob Iger was retired from Disney, Netflix seemed like an unstoppable juggernaut in the entertainment business, and ViacomCBS was still a thing (hello, Paramount!). For the entertainment business, 2022 was a year of change and transformation, in corporate names, in executive leadership, and in strategy. In an “everything old is new again” moment, recession fears and subscription slowdowns forced major pivots to familiar game plans. And in one critical area, it seemed, the macroeconomy may as well not be a problem. Provided you’re a A-lister, at least.
Saddest Trend: Layoffs Everywhere
Warner Bros. Discovery says it could spend as much as $1.1 billion on restructuring charges. AMC Networks says it’s cutting 20 percent of its employees. NBCUniversal is offering early retirement packages in anticipation of cuts in the coming months. Paramount…
