But of all this year's public relations snafus, perhaps the most revealing is a relatively low-profile fracas that happened in June. That's when Warner Bros. Discovery announced that the entire executive leadership team of Turner Classic Movies was leaving the cable channel. The outcry was swift and brutal ("$100 million worth of bad press," the marketing consultant Terry Press told the New York Times). Industry bigwigs denounced the move, and the directors Steven Spielberg, Paul Thomas Anderson, and Martin Scorsese urged Zaslav to save the channel.
TCM is a small but cherished institution within Hollywood. It's where film buffs can view classics like Gone With the Wind followed by a cult film from the 1960s such as Blow-Up, interspersed with historical commentary from knowledgeable and beloved hosts. As a percentage of WBD's total operating costs, it's small potatoes, a lean operation run by a passionate staff that generates a modest profit. What's more important is its cultural cachet and symbolic value. As the actor and producer Ryan Reynolds put it in a tweet, "It's a holy corner of film history and a living, breathing library for an entire art form. Please don't fuck with @tcm."
About a week after the initial cuts, WBD reversed course, bringing back a longtime TCM executive, with promises from Spielberg, Anderson, and Scorsese to curate content. The chatter died down, but the damage was done. The indelible impression that the whole episode left about Zaslav was simple: This is a guy who, frankly, doesn't give a damn about movies.
Denne historien er fra December 2023 - January 2024-utgaven av Fortune US.
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Denne historien er fra December 2023 - January 2024-utgaven av Fortune US.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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THE NEW GOLD RUSH
Gold prices have soared amid global uncertainty and a central-bank-driven buying spree. But this time, the gold mining industry looks very different.
A New Season for Giving
As the PGA TOUR kicks off its 2025 season alongside its sponsors in Hawai'i, the organization is continuing to make an impact in local communities.
WELCOME TO ELONTOWN, USA
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ARE CEO SABBATICALS THE ULTIMATE POWER MOVE?
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TECH POLYMARKET'S ELECTION ACCURACY MADE SHAYNE COPLAN A STAR-BUT AN FBI RAID POINTS TO TROUBLE AHEAD
IN NOVEMBER, Shayne Coplan had a week he'll remember for the rest of his life: He got a phone call from the highest echelons at Mar-a-Lago. He went on TV for the first time. And his New York City apartment was raided by the FBI.
WHY BIG TECH IS THE NUCLEAR INDUSTRY'S NEW BEST FRIEND
OVER THE PAST several years, Big Tech firms like Google and Microsoft have trumpeted ambitious plans to go carbon-neutral, or even carbon-negative, by 2030. But then the generative-AI boom came along and threw a giant wrench in their plans.
WHAT PALMER LUCKEY, THE MAN REVOLUTIONIZING WARFARE, IS AFRAID OF
PALMER LUCKEY, the founder of the $14 billion Al-powered weapons startup Anduril, has become the face of change in the defense industry.
GLOBAL BUSINESS BRACES FOR TRUMP 2.0
AROUND THE WORLD in 2024, voters chose change: in South Africa, France, Britain, and Japan. But nowhere does the anti-incumbent trend matter more than in the United States.