Hollywood’s elite has just learned how much power they really have in Tinseltown.
The Hollywood Reporter launched its inaugural “THR 100” list in its July 1 issue, ranking the 100 most influential executives, directors, producers, and actors responsible for creating and curating global entertainment content. It’s the first time men and women were ranked together in one list and follows Chief Creative Officer Janice Min’s move last fall to end the magazine’s annual “Women in Entertainment Power 100” ranking after 22 years.
Walt Disney Co. Chief Executive Bob Iger tops the list, while Viacom Inc.’s Shari and Sumner Redstone shared No. 6. Actors such as Amy Schumer (No. 88) and Melissa McCarthy (No. 64) also made the cut.
Arriving at the final count proved to be as challenging as making a tentpole film, said Matt Belloni, the magazine’s executive editor.
“Every part of the business was examined by our editors,” he said. “We interviewed about two dozen executives on who they thought has the most clout, and then based on input and months of research whittled the list down from several hundred to the final 100.”
He said feedback from industry insiders has thus far been largely positive.
“This was by far the most difficult list to put together because of the rankings,” said Belloni. “In a very competitive industry, we knew it could have tremendous impact.”
Tough (IB) Times
A new round of layoffs swept the International Business Times last week, eliminating the L.A. bureau and cutting the digital media firm’s New York-based staff in half. An estimated 30 journalists were given pink slips last week when the online publisher cut its business, media, and technology desks, while also laying off some news editors.
The latest layoffs at IB Times, which covers breaking business news from around the world, come just three months after 15 other employees were laid off, and the departure of Peter S. Goodman as editor-in-chief. He has since landed at the New York Times as the paper’s European economic correspondent based in London.
International Business Times Media, which owns IB Times as well as Newsweek, could not be reached for comment.
Good and Bad
The Pew Research Center’s latest “State of the News Media” report indicates that 2015 was a huge year for mobile advertising and podcasting. It was also the worst year for newspapers since the Great Recession.
Digital ad revenue in 2015 was up 20 percent from the year before, hitting nearly $60 billion nationwide, with mobile advertising accounting for more than half of the total. Podcasting and streaming radio has also experienced audience growth; the share of people listening to online radio has more than doubled since 2010. National Public Radio, whose member stations in Los Angeles are KCRW-FM (89.9) and KPCC-FM (89.3), tallied around 12 million listeners for its flagship news programs last year.
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