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Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable

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Disney’s Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable

Bob Chapek needs Disney+ to be worthwhile by fiscal 2024, however assembly that aim goes to trigger some ache at Walt Disney Co.

The Disney chief govt on Friday confirmed what he’d signaled in his fourth-quarter earnings name earlier this week: Value cuts are coming to the Mouse Home, within the newest instance of a broader retrenchment in Hollywood because the trade tries to determine easy methods to earn a living from streaming.

In a memo to Disney executives reviewed by The Occasions, Chapek stated he has established a “price construction taskforce,” composed of Chief Monetary Officer Christine McCarthy and basic counsel Horacio Gutierrez. The corporate, Chapek stated, has began a “rigorous evaluate” of its spending on content material and advertising and marketing, is instituting a hiring freeze and anticipates layoffs. The Burbank-based leisure big can be seeking to restrict journey to important enterprise journeys solely, with attendance at conferences needing approval from administration.

“We’ll take a look at each avenue of operations and labor to seek out financial savings, and we do anticipate some workers reductions as a part of this evaluate,” Chapek stated within the e mail. “I’m absolutely conscious this will probably be a tough course of for a lot of of you and your groups. We’re going to should make powerful and uncomfortable choices. However that’s simply what management requires, and I thanks upfront for stepping up throughout this vital time.”

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Chapek didn’t point out what number of jobs could be eradicated or when the cuts would happen. A Disney consultant didn’t instantly reply to a request for remark.

“These efforts will assist us to each obtain the vital aim of reaching profitability for Disney+ in fiscal 2024 and make us a extra environment friendly and nimble firm general,” Chapek stated within the memo about cost-cutting. “This work is happening towards a backdrop of financial uncertainty that each one corporations and our trade are contending with.”

This comes after Disney reported outcomes for its fourth fiscal quarter, wherein Disney+ added 12.1 million subscribers. That was greater than analysts anticipated.

Nonetheless, the features have come at a steep price. The agency’s streaming operations — which additionally embody Hulu and ESPN+ — misplaced almost $1.5 billion in the course of the quarter and greater than $4 billion in the course of the full yr, Disney stated Tuesday.

The corporate additionally reported earnings and income that fell wanting analysts’ expectations, sending the inventory tumbling the following day. Disney executives stated the fourth quarter marked the “peak” of streaming losses. However executives additionally forecast revenue development that was slower than analysts had predicted.

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“The corporate has to show that their pivot to [direct-to-consumer] will probably be well worth the value that’s presently being paid,” media analyst Michael Nathanson wrote in a be aware to shoppers this week.

Disney+ now has greater than 164 million subscribers. Together with Hulu and ESPN+, Disney’s streaming operation has surpassed 235 million subscribers. Rival Netflix has 223 million subscribers, whereas Warner Bros. Discovery has a mixed 95 million between HBO Max and Discovery+, that are anticipated to be consolidated.

Disney is way from alone in its pursuit of cost-saving. Netflix, which operates the world’s largest streaming service, has lower tons of of jobs and sought to gradual the expansion of its spending on motion pictures and TV reveals whereas additionally including a less expensive tier supported by promoting. Warner Bros. Discovery’s David Zaslav is searching for $3.5 billion in financial savings from the April merger of Discovery and leisure property previously held by AT&T, leading to heavy cuts at HBO, Warner Bros. Tv, Turner networks and CNN.

Conventional leisure corporations are going through growing stress from Wall Avenue to point out a path to profitability for his or her streaming efforts. Within the early ramp-up of the streaming wars, buyers rewarded corporations for subscriber development, virtually no matter prices. Not anymore.

Chapek on Tuesday stated he nonetheless anticipated Disney+ to grow to be worthwhile by the top of fiscal 2024, barring a significant financial downturn.

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He framed the substantial losses as a obligatory value for preserving Disney related for the long run as shoppers flip away from conventional tv. To make that pivot, Disney and others have additionally sacrificed conventional companies which were worthwhile however are both declining quick or stagnating. TV viewership is falling, wire slicing is accelerating and it’s unclear whether or not the field workplace will return in full for something aside from the most important blockbusters.

Disney is taking extra measures to make its streaming phase worthwhile, elevating costs for its ad-free Disney+ service whereas including commercials for individuals who wish to maintain paying the present charge. Advert-free Disney+ goes as much as $11 a month, a $3 improve. Advert-based Disney+ will price $8 a month when it launches Dec. 8.

The downbeat information for Disney staff comes similtaneously its blockbuster “Black Panther: Wakanda Endlessly” hits theaters. The sequel is anticipated to open with $170 million to $200 million in ticket gross sales from the U.S. and Canada, making it one of many greatest motion pictures of the yr.

Right here’s the total memo from Chapek:

Disney Leaders-

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As we start fiscal 2023, I wish to talk with you straight about the associated fee administration efforts Christine McCarthy and I referenced on this week’s earnings name. These efforts will assist us to each obtain the vital aim of reaching profitability for Disney+ in fiscal 2024 and make us a extra environment friendly and nimble firm general. This work is happening towards a backdrop of financial uncertainty that each one corporations and our trade are contending with.

Whereas sure macroeconomic elements are out of our management, assembly these targets requires all of us to proceed doing our half to handle the issues we are able to management—most notably, our prices. You all can have essential roles to play on this effort, and as senior leaders, I do know you’re going to get it performed.

To be clear, I’m assured in our skill to succeed in the targets we have now set, and on this administration workforce to get us there.

To assist information us on this journey, I’ve established a value construction taskforce of govt officers: our CFO, Christine McCarthy and Normal Counsel, Horacio Gutierrez. Together with me, this workforce will make the essential massive image choices obligatory to realize our goals.

We’re not beginning this work from scratch and have already set a number of subsequent steps—which I wished you to listen to about straight from me.

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First, we have now undertaken a rigorous evaluate of the corporate’s content material and advertising and marketing spending working with our content material leaders and their groups. Whereas we won’t sacrifice high quality or the energy of our unmatched synergy machine, we should guarantee our investments are each environment friendly and include tangible advantages to each audiences and the corporate.

Second, we’re limiting headcount additions by a focused hiring freeze. Hiring for the small subset of probably the most essential, business-driving positions will proceed, however all different roles are on maintain. Your phase leaders and HR groups have extra particular particulars on how it will apply to your groups.

Third, we’re reviewing our SG&A prices and have decided that there’s room for improved effectivity—in addition to a chance to rework the group to be extra nimble. The taskforce will drive this work in partnership with phase groups to realize each financial savings and organizational enhancements. As we work by this analysis course of, we’ll take a look at each avenue of operations and labor to seek out financial savings, and we do anticipate some workers reductions as a part of this evaluate. Within the speedy time period, enterprise journey ought to now be restricted to important journeys solely. In-person work classes or offsites requiring journey will want advance approval and evaluate from a member of your govt workforce (i.e., direct report of the phase chairman or company govt officer). As a lot as attainable, these conferences ought to be performed nearly. Attendance at conferences and different exterior occasions will even be restricted and require approvals from a member of your govt workforce.

Our transformation is designed to make sure we thrive not simply at present, however nicely into the longer term—and you’ll hear extra from our taskforce within the weeks and months forward.

I’m absolutely conscious this will probably be a tough course of for a lot of of you and your groups. We’re going to should make powerful and uncomfortable choices. However that’s simply what management requires, and I thanks upfront for stepping up throughout this vital time. Our firm has weathered many challenges throughout our 100-year historical past, and I’ve little question we’ll obtain our targets and create a extra nimble firm higher suited to the atmosphere of tomorrow.

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Thanks once more in your management.

-Bob

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Kim Kardashian wants the Menendez brothers to be freed as D.A. reviews case

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Kim Kardashian wants the Menendez brothers to be freed as D.A. reviews case

Kim Kardashian wants Lyle and Erik Menendez, the brothers convicted in the grisly 1989 murders of their parents, to be freed.

The reality star, daughter of late O.J. Simpson attorney Robert Kardashian, has fashioned herself as an advocate for criminal justice reform. And, in a personal essay for NBC News, she wrote Thursday that she hopes that the brothers, who have already served 35 years in prison, could have their life sentences “reconsidered.”

“We are all products of our experiences. They shape who we were, who we are, and who we will be. Physiologically and psychologically, time changes us, and I doubt anyone would claim to be the same person they were at 18. I know I’m not!,” the Skims co-founder wrote.

Kardashian rehashed widely known facts in the case — that the brothers, then ages 21 and 18, shot and killed their parents, Jose and Kitty Menendez, in their Beverly Hills home — as well as their high-profile 1996 trials. But, she said, “this story is much more complex than it appears on the surface.”

“Both brothers said they had been sexually, physically and emotionally abused for years by their parents. According to Lyle, the abuse started when he was just 6 years old, and Erik said he was raped by his father for more than a decade. Following years of abuse and a real fear for their lives, Erik and Lyle chose what they thought at the time was their only way out — an unimaginable way to escape their living nightmare,” she said.

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Erik Menendez, left, and is brother Lyle, in front of their Beverly Hills home.

(Ronald Soble / Los Angeles Times)

Listing issues with the trials and other legal missteps, Kardashian argued that “the media turned the brothers into monsters and sensationalized eye candy” and that they “had no chance of a fair trial against this backdrop.”

The beauty mogul has visited the brothers in prison and vouched for their “exemplary disciplinary records,” adding that a warden there told her that “he would feel comfortable having them as neighbors.” She asserted that life in prison is not the right punishment for them and argued that the exclusion of abuse evidence from their second trial denied them a fair go.

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“The killings are not excusable. I want to make that clear. Nor is their behavior before, during or after the crime. But we should not deny who they are today in their 50s,” she wrote. “The trial and punishment these brothers received were more befitting a serial killer than two individuals who endured years of sexual abuse by the very people they loved and trusted.”

On Thursday, Los Angeles County Dist. Atty. George Gascón said his office would review what he described as new evidence that the brothers were molested — a move that could lead to revised sentences.

While there was no question the brothers committed the murders, Gascón said, the issue is whether the jury heard evidence that their father molested them. Evidence detailing sexual abuse was presented during the brothers’ first trial, which ended in hung juries, but was largely withheld during their second trial, where they were convicted and sentenced to life in prison.

Lyle Menendez, left confers with brother Erik during a court appearance, April 2, 1991 in Beverly Hills

Lyle Menendez, left, and Erik during a court appearance in Beverly Hills on April 2, 1991.

(Kevork Djansenzian / Associated Press)

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Meanwhile, a series of creative projects over the past year have contributed to renewed interest in the brothers’ case and their highly scrutinized trials. Ryan Murphy’s splashy “Monsters: The Lyle and Erik Menendez Story,” for example, raised questions, much like his past anthology series revived the discourse around the O.J. Simpson trial and the impeachment of former President Clinton. The Menendez brothers were also the focus of the Fox Nation documentary series “Menendez Brothers: Victims or Villains,” which premiered in March, as well as the Peacock docuseries “Menendez + Menudo: Boys Betrayed,” which presented new evidence and included an accusation of rape against patriarch Jose Menendez.

Citing evidence related to molestation claims, attorneys for the brothers filed petitions last year to reopen the case, and family members have rallied to get the men released. Others, like Kardashian, have argued that times have changed, and that the brothers’ allegations of abuse might have been received differently at trial today.

Times staff writers Salvador Hernandez, Hannah Fry and Richard Winton contributed to this report.

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Union movie review & film summary (2024) | Roger Ebert

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Union movie review & film summary (2024) | Roger Ebert

When Amazon workers on Staten Island successfully voted to unionize in the spring of 2022, becoming the corporate retailer’s first American workplace to do so, it was hailed as one of the most important labor victories in the United States in nearly 100 years. 

For the Amazon Labor Union (ALU) to organize employees at the JFK8 warehouse to vote in favor of union representation was a David versus Goliath story for the age of globalization — and a rousing reminder that collective grassroots efforts can still succeed despite massive employer concentration, management intimidation, and other hindrances to building worker power. And that an independent, worker-led coalition led the drive at this 8,000-plus-employee facility, rather than an established union, made its victory all the more impressive, even as the vote to unionize brought organizers into uncharted territory and set up a protracted legal battle with Amazon, which has since refused to recognize the ALU or negotiate a contract. 

Telling the story of how the ALU reached this historic moment, “Union,” a new documentary co-directed by Brett Story (“The Hottest August”) and Stephen Maing (“Crime + Punishment”), takes a detail-driven, ground-level approach, following current and former Amazon employees in Staten Island as they mount a grassroots worker-to-worker campaign, standing their ground against one of the world’s powerful corporations all the while. 

No talking-head documentary but a keenly observational chronicle of the unionization push and its aftermath, “Union” often plays like a thriller by virtue of its sharp, smart editing rhythms. Early on, Story and Maing juxtapose Jeff Bezos blasting off into space on a rocket made by his Blue Origin company and Amazon workers trudging wearily into work; it captures the unimaginable scale of the company’s operations while foregrounding the human scale often concealed by breathless (yet inevitably compromised) reporting of Amazon’s designs on empire. 

Made over the course of three years, Story and Maing’s film explores the human cost of the convenience economy and illuminates oppressive working conditions in Amazon’s factories. From constant surveillance to high injury rates and a lack of breaks, the pressures of working in Amazon warehouses compound to create punishing environments for workers, ones Amazon has steadfastly refused to address or even accurately report. And the threat of retaliation against workers who organize is ever-present; in addition to pouring hundreds of millions of dollars into union-busting campaigns that include mandatory “captive audience” meetings (which have since been banned in the state of New York), Amazon issues warnings of possible termination to workers involved with the unionization drive. 

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Bookended by footage of vast cargo ships transporting goods, a reminder of the slow, perpetual motion with which the gears of modern capitalism grind on, Story and Maing’s film is smart in how systematically its narrative lays out obstacles to the union’s success. It also insightfully depicts ground-level dialogue between workers as a powerful tool with which to overcome them. Some of the most remarkable footage, inside Amazon headquarters, covertly films one of those captive audience meetings; here, the company’s anti-union propaganda (One reads: “We’re asking you to do three simple things: get the facts, ask questions and vote no to the union”) is disrupted by ALU organizers, who successfully push back on Amazon managers just long enough to make their case to workers. 

One of the ALU organizers, Chris Smalls, takes center stage in “Union,” though the documentary largely sidesteps the temptation to cast him as a conquering hero. (That’d be an easy trap, given that he became the organization’s public face across the period “Union” depicts.) Smalls, fired from Amazon after protesting inadequate PPE provision during the pandemic (and besmirched by the company’s general counsel as “not smart or articulate” in an internal meeting of executive leaders), is a father of three who was moved to activism by the flagrant injustice of the company’s abusive labor practices. As a leader, he’s at once charismatic and hard-charging, dedicated to his fellow “comrades” but ever driven to push forward even in the face of inter-union dissent.

One of the film’s great strengths is its ability to surface the multiplicity of tensions between organizers working toward a shared cause. Take the world of difference separating the experiences of two subjects: Maddie, a white college graduate using her campus activism experience to help the cause, and Natalie, an older Latina woman living out of her car for years. In one charged exchange, Natalie pushes back on the suggestion, made by white male organizers, that Chris intentionally gets himself arrested by New York police officers to draw attention to the unionization drive. Ultimately, Natalie’s dissatisfaction with the ALU—due to her disagreements with leadership as much as her desire to wait for larger union support—leads her to leave the organization. It’s a testament to the complexity of individual motivations and the absence of easy triumph in this type of effort.

“Union” documents the internal debates and disagreements over governance, organizing, and leadership strategies that divided the ALU before its successful unionization vote and were compounded by its subsequent failed attempt to unionize a second warehouse. Though Smalls’ force of personality, passion, and determination fueled the fight to unionize JFK8, the film carefully depicts this as a collective victory. It rarely gives in to the temptation to single out Smalls for praise at the expense of others, and making it clear that his leadership style also contributed to internal rifts in the ALU that at various points may have weakened its ability to further the union’s mission. 

This becomes particularly important in the film’s latter half, after the unionization vote, at which point the sobering realities of the long work ahead come more fully into view. The heroism of the ALU organizers will never be in question. But with only one battle won in the war for workers’ rights, and Amazon continuing to contest or undercut its results by every means available, “Union” concludes on a note of weary fortitude rather than declarative victory. The film captures both the pain and the power of people at the base of a global infrastructure. By not departing from the frontlines of the fight against Amazon’s labor exploitation, Story and Maing bring the true face of their struggle into focus. 

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“Union” will be self-distributed theatrically, starting on Oct. 18. This review was filed from the film’s New York premiere at the New York Film Festival. 

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Review: Kindness is the takeaway in the Holocaust-era-set 'White Bird: A Wonder Story'

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Review: Kindness is the takeaway in the Holocaust-era-set 'White Bird: A Wonder Story'

In 2017, the film “Wonder” was a surprise critical and commercial hit for Lionsgate. Adapted from a children’s novel by R.J. Palacio, the film starred Jacob Tremblay as young Auggie, a boy with the facial deformities of Treacher Collins syndrome who teaches his family and peers about the importance of kindness. (Julia Roberts and Owen Wilson co-starred as his parents.) Naturally, a sequel, adapted from one of Palacio’s “Wonder” spinoff books, was quickly green-lighted by the studio.

It’s now been seven years since “Wonder” came out, and the long-awaited sequel, “White Bird: A Wonder Story,” which has been plagued by delays both pandemic- and strike-related, is finally hitting theaters. Directed by Marc Forster and written by Mark Bomback, “White Bird” is very loosely connected to the original film, but it takes a more global, historical approach to the same message about the importance of small but high-stakes gestures of kindness.

Bryce Gheisar returns as Julian, Auggie’s bully from “Wonder,” who has been expelled from school for his cruelty. Now himself the new kid at a new school, he struggles to fit in. But Julian has the opportunity to reinvent himself, which is underscored by a surprise visit — and lesson — from his grandmother Sara (Helen Mirren) that completely changes his perspective on how to move through the world.

Thus unfolds the real story of “White Bird,” which isn’t about Julian, who serves merely as a framing device and a tenuous link to the world of “Wonder.” “White Bird” is actually Sara’s story of her childhood in Nazi-occupied France and the harrowing events she experienced as a young Jewish girl there.

If you’ve ever watched (or read) young-adult Holocaust films or fiction, “White Bird” will feel familiar. It takes a similar tack to real-life stories such as Anne Frank’s. Teen Sara (Ariella Glaser) is the adored and privileged daughter of a professor and a doctor (Ishai Golen) living an idyllic life in a small French village. Drawn to the handsome Vincent (Jem Matthews), she and her friends scoff at quiet Julien (Orlando Schwerdt), who is disabled from polio. Insulated from the harsh realities of occupation until laws limiting the freedom of Jews encroach on her town, Sara’s family makes plans to escape, though they are unable to outrun the Nazi roundups.

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Sara, though, manages to escape into the snowy woods, and Julien escorts her through the underground sewers away from the school to his family’s barn where he stows her away, and where he and his parents (Gillian Anderson and Jo Stone-Fewings) care for her. She will remain there, in hiding, until the forces of fascism that have infected her community must be reckoned with. But the story is about the connection she forges with Julien, and the circumstances that allow her to learn to evaluate character through shared humanity and bravery, not status and power.

The strength of “White Bird” lies in its performers, especially Glaser and Schwerdt, who deliver complex, nuanced takes on young people experiencing global atrocities on an intimate scale, while also trying to navigate the complications of connecting as teenagers. They are both excellent and keep the film emotionally grounded.

Forster presents a somewhat sanitized view of the Holocaust that is sobering but digestible for younger audiences. The pastoral setting remains picturesque and almost fairy-tale-like. As recounted through Sara’s memories, it has a kind of glowing haze about it, almost too beautiful at times. Computer-generated flowers bloom before our eyes. A cranberry-red coat stands out starkly against a snowy winter background. It’s an interesting stylistic choice (and one you may have seen in another much-celebrated Holocaust movie), but it speaks to the storytelling element of the film, the way our brains craft memories that might be more vivid and lovely, even after decades.

As a “Wonder Story” and a Holocaust story, the messaging of “White Bird” is unsurprising though important: Empathy matters, especially in action, and that often, caring for others can mean putting one’s own self in danger, but we should do it anyway. In the grand tapestry of human existence, we are all connected. It may be a message we’ve heard time and again, but it’s one that bears repeating.

Katie Walsh is a Tribune News Service film critic.

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‘White Bird: A Wonder Story’

Rating: PG-13, for some strong violence, thematic material and language

Running time: 2 hours

Playing: In wide release Friday, Oct. 4

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