Ankler Agenda

Quarterly earnings season isn’t just MBA word salad. Earnings calls are where Hollywood’s biggest companies tell Wall Street what matters most — and where employees often learn what’s really happening inside their own studios. This week, Disney, Warner Bros. Discovery and Paramount reported earnings, and Elaine Low, Sean McNulty and Natalie Jarvey break down what the companies are signaling about the future of Hollywood: Disney’s “super app” ambitions, the industry’s AI push, vertical video and what the looming Warner-Paramount merger could mean for the business. Plus: What did new Disney CEO Josh D'Amaro reveal in his first earnin...

The agency formerly known as Wasserman — made infamous in recent months by founder Casey Wasserman’s flirtatious emails with Jeffrey Epstein accomplice, Ghislaine Maxwell — is up for sale. So who wants it? Elaine Low, Sean McNulty and Ashley Cullins break down the bidders, the stakes for the representation business and what the multibillion-dollar price tag reveals about the industry — and who has the juice. Plus, Kimmelgate 2.0: The FCC goes after Disney, and Paramount discloses just how foreign-funded a combined Paramount-WBD could be. (Hint: a lot!)

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The entertainment industry’s economic and existential tailspin is playing out on the political stage, as Los Angeles’ mayoral candidates curry favor with the Hollywood set before the June 2 primary. Incumbent Karen Bass, city council member Nithya Raman and former The Hills star Spencer Pratt aren’t wooing the A-list, but the rank-and-file of an industry being squeezed by runaway production. Elaine Low, Sean McNulty and Ashley Cullins break down the crisis and — finally! — the growing bidding war between California, New York, New Jersey and beyond as states fight to keep film and TV projects in the U.S. Plus, Natalie Jarvey give...

Everyone talks about taking big swings again, but few Hollywood execs feel like they’re actually in a position to do it — without fearing for their jobs. But former Showtime head Jana Winograde and ex-Warner Bros. Television pres Susan Rovner are greenlighting shows from the backseats of cars and searching for new talent right out of film school, after making the leap from legacy TV to microdramas with aTwist (nee MicroCo), a vertical series app backed by Chris McGurk-led Cineverse and former WME chair Lloyd Braun. 

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During Warner Bros.’ supersized CinemaCon presentation in Las Vegas, the studio’s sale to Paramount went unmentioned — even as it touted a theatrical slate stretching into 2028. But the contentious merger was impossible to ignore, dominating chatter across the convention floor and even inadvertently pulling The Ankler into the mix thanks to what’s now being dubbed “pin-gate.” Elaine Low, Sean McNulty and Natalie Jarvey break down the drama, along with the biggest takeaways from this year’s theatrical showcase.

Plus, the trio is joined by special guest John August — Big Fish and Corpse Bride screenwriter and co-chair of the WGA West negotiating co...

The tentative deal between the Writers Guild and Hollywood’s major studios has quelled fears of another strike — all while shaking up the major guilds’ contract cycle. Elaine Low, Sean McNulty and Natalie Jarvey break down the key terms, including a $321 million infusion into the WGA health plan (alongside higher deductibles and premiums) and a shift to a four-year bargaining agreement rather than the usual three. The deal — and its limited movement on AI — will shape not just the upcoming SAG and DGA negotiations, but the industry’s broader trajectory. Plus, the trio looks at a rare bright spot: box office ticket sales a...

Sean Penn, puffing away inside the Beverly Hilton at the Golden Globes. Kylie Jenner, with a cigarette dangling out of her mouth, on the cover of Vanity Fair. Nurse Dana, taking a drag on The Pitt. Smoking is back — both IRL and on screen — just as Hollywood’s shrinking career ladder leaves many millennials feeling stuck and a stressed-out Gen Z, inheriting the collapse, searches for connection and release. Editor, writer and former pack-a-day smoker Degen Pener joins Elaine Low and Sean McNulty to explain what’s driving young Hollywood workers to light up after talking to young industry workers outside clubs ac...

Silicon Valley was supposed to be satire. In 2026, it plays more like a warning. In a look back on the iconic 2010s HBO comedy, co-creator Mike Judge and exec producer Alec Berg reflect on how “incredibly intentional” they were in making tech startup life feel plausible. But what’s wilder is how close to reality some of their storylines actually got, from AI to the ruthless capitalism of the real-world Silicon Valley. Judge and Berg recall the real-life tech titans who informed the show, the Stanford math professor who helped them construct academically sound dick jokes, and the making of the...

Casting Taylor Frankie Paul on The Bachelorette was supposed to revive the wilting franchise. Instead, a 2023 video of Paul attacking her ex-boyfriend triggered the meltdown of not one, but two of Disney’s biggest reality shows. Paul’s season of The Bachelorette is now sitting on a shelf, and production on The Secret Lives of Mormon Wives — where Paul is a central character — is paused indefinitely. The Ringer’s Juliet Litman, host of the popular Bachelor Party pod, joins Elaine Low, Natalie Jarvey and Sean McNulty to break down how the Paul catastrophe is reshaping the franchise, its fandom and the show’s future prospec...

Here’s the irony: Even in the age of streaming, about 85 percent of profits from a merged Paramount Skydance–Warner Bros. Discovery still would come from linear TV, as Sean McNulty points out.

So what do you do with more than two dozen aging cable networks? Spin them off, reinvent them as digital brands or send them to TV’s great dead-brand graveyard in the sky — all while Wall Street watches with a serious stink eye?

Enter March Sadness. Sean, Elaine Low and Natalie Jarvey build a bracket to crown the most valuable Warnermount cable asset, with CNN, HG...

“It’s a crazy irony that your reward for incredible artistic success in modern Hollywood is that you then get to lay off a bunch of your employees,” Prestige Junkie host Katey Rich tells Elaine Low, Sean McNulty and Natalie Jarvey in the run-up to Sunday’s Oscars, where two Warner Bros. films — Sinners and One Battle After Another — are going head-to-head for best picture right as Paramount Skydance is about to swallow the studio whole. “It really couldn’t be a more perfect metaphor for how backward so many of the industry’s priorities are.”

Speaking of which, The Business of Television a...

Talk about whiplash: A week ago, a Netflix–Warner Bros. deal looked likely. Turns out, the winning combo may be… Paramount Skydance Warner Bros. Discovery. (Rolls right off the tongue.) That is — if it survives regulatory scrutiny, with California Attorney General Rob Bonta warning that the merger is “not a done deal.” Still, a swirl of questions remains — all driven by a strategy executives aren’t quite saying out loud: cut billions in costs, merge the streaming platforms (creating clear winners and losers), squeeze what’s left of the cable business for cash and use the scale of a combined studio to sur...

Just how much longer can the Netflix vs. Paramount merger madness go on? (Cue the eye rolls.) Paramount made a fresh $31-per-share offer to acquire Warner Bros. Discovery, and WBD’s response — which can be boiled down to “We’re getting there, maybe” — is about as close to coquettish as a corporation can get. Meanwhile, Netflix is not-so-patiently waiting in the wings, as co-CEO Ted Sarandos wraps a weeklong press tour to convince Wall Street and Hollywood that his company’s offer for WBD (which, as he’ll remind you, was already accepted in December) is superior. So what happens now? Elaine L...

What are the odds of another Hollywood strike in 2026? The answer to who has more leverage — the guilds or the studios — may surprise you. With AI, healthcare and streaming again on the bargaining table just three short years after the writers and actors strikes shuttered the town — Elaine Low, Sean McNulty, Natalie Jarvey and Dealmakers columnist Ashley Cullins discuss the talks between SAG-AFTRA and the Alliance of Motion Picture and Television Producers. Plus, who might buy Casey Wasserman’s namesake agency after his tawdry email exchanges with Ghislaine Maxwell came to light and blew up his empire? The team has some...

Nearly 20 years ago, Spencer Pratt became reality TV infamous on the cover of Us Weekly. In this bonus episode, he sat down with Ankler Media CEO and editor-in-chief Janice Min — the editor who once put him there — to talk about his run for mayor of Los Angeles. Pratt calls Gavin Newsom a “demon” and a “reality star in charge of everything failing.” He slams the city’s response to the 2025 wildfires, argues L.A. isn’t ready for the Olympics — “not even ready for a USC game," claims he already has a Day One “blacklist” of city officials he’d fire and has sharp words...

“So what do I have to do to see you in a tight leather outfit?” Casey Wasserman — founder of the Wasserman Agency, chair of the LA28 Olympic Committee, and grandson of Hollywood founding father Lew Wasserman — wrote in a 2003 email to Ghislaine Maxwell, later convicted of sex trafficking minors. The message is one of several exchanges included in the millions of documents released by the Justice Department as part of the Epstein files — and it has thrown one of the industry’s most connected executives into crisis. Chappell Roan and Abby Wambach publicly cut ties with Wasserman this week, with others threatenin...

Bell Media President Sean Cohan tells The Ankler’s Elaine Low onstage at NATPE Global/Realscreen Summit in Miami about the pitch process for ‘Heated Rivalry,’ how the show’s creators protected its Canadian authenticity and why so many viewers are “reheating” (aka rewatching) the gay hockey drama. He also charts the growth of Bell-owned Canadian streamer Crave and takes a contrarian view on Hollywood consolidation, including the Netflix-Warner Bros. tie-up. “We run as an industry to a ‘sky is falling’ kind of a place,” Cohan says. While big mergers have undeniably harsh consequences, they also open “lanes of opportunity.” He adds...

Disney finally did it: Bob Iger has a successor. Parks chief Josh D’Amaro is taking the throne, with runner-up Dana Walden annexing more territory at the Mouse House (and earning a higher base salary than her new boss). Everyone in TV and film knows Walden, but who is D’Amaro? And what does this new era of Disney actually look like? Elaine Low, Natalie Jarvey and Sean McNulty read between the lines and lay out the challenges facing D’Amaro on Day One. Then, Lesley Goldberg joins to share her reporting on Walden’s new remit, while theme park journalist Carlye Wise...

'MeidasTouch' podcaster and progressive media exec Ben Meiselas joins Like & Subscribe's Natalie Jarvey for a fiery discussion of the risks and new rules for American journalists as they report in U.S. cities “that look and feel like Fallujah” and work to cover "a regime that is hell-bent on retribution and instilling fear." Meiselas also reveals his close ties with Don Lemon, now facing federal charges in connection with his coverage of a Minnesota anti-ICE protest, and why he sees the "weaponization" of the U.S. Department of Justice faltering. As Meiselas’ podcast sees explosive growth, he argues that legacy...

Disney CEO Bob Iger is ready to abdicate the throne. Again. Six years after Iger first stepped down as CEO, and 38 months after he regained control of Disney following Bob Chapek’s disastrous two-year stretch, the succession planning committee is expected to announce the winner in “early 2026,” aka now. (Cue the Succession theme.) But even as the frontrunners have remained the same — it’s still a presumed two-horse race between Disney Parks head Josh D’Amaro and Disney Entertainment co-chair Dana Walden — the world has rapidly changed. Disney has to contend with AI, a behemoth rival in a merged Netflix-Warner Bros., and a ch...

Meryl, Leo, Scarlett, Zendaya — every generation produces its breakout stars. But minting the next one has never been harder amid the collapse of monoculture and the rise of social media. Elaine Low, Sean McNulty and Natalie Jarvey predict the top stars of 2026, share behind-the-scenes insights from the casting directors of Heated Rivalry on how they found Hudson Williams and Connor Storrie and that pivotal chemistry test, and explain how Snap is building a path to success for creators. Plus: The latest on the WBD-Netflix merger saga (now with all-cash!), and Matthew Frank’s update on his Netflix earnings call and talk-show bets o...

Nothing stirred more outrage at the Golden Globes than the integration of prediction market (read: betting platform) Polymarket in the telecast — Katey Rich called it “incredibly tacky,” and Richard Rushfield argued the show “milked opportunities for clickbait and cash grabs into the show like a BuzzFeed headline writer circa 12 years ago.” After years of harmless live-voting on American Idol or Dancing With the Stars, is betting the next frontier of interactive TV? Elaine Low, Sean McNulty and Natalie Jarvey trace the history of entertainment gamification — and the money now pouring in (see: Amazon and FanDuel’s NBA deal). Plus, an inside look at the first...

One year after the L.A. fires and three years after the strikes — with another round of labor drama looming — it can feel like every creative you know is fleeing Hollywood. Elaine Low, Sean McNulty, and Natalie Jarvey dig into the actual data behind a yes, very real L.A. exodus — but separate panic, perception and think-piece fuel from reality. Then, MoviePass is back — this time as a predictions market. Matthew Frank risks $1,000 of The Ankler’s own money to explain how prediction markets work in 2026, why they’re called a “degenerate economy” and how you can bet on everything from Oscar categor...

Which business trends are giving the Ankler crew hope in the New Year? Is the 2023 writers’ strike responsible for the current shaky entertainment economy? What streaming service would Elaine Low, Sean McNulty and Natalie Jarvey bring back from the dead? (Spoiler alert: no one picked Go90.) You sent in your most burning questions for Ankler Agenda’s last episode of the year, and the gang delivers. This may be the first mailbag episode, but it’s not the last — send in your questions any time of year at podcasts@theankler.com.

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Netflix, YouTube, horny hockey hunks — even amid rough economic terrain this year, these industry standouts and more not only survived through ’25, but thrived. Elaine Low, Sean McNulty and Natalie Jarvey are joined by a cavalcade of Ankler’s best — including Katey Rich, Lesley Goldberg, Matthew Frank and Ankler Agenda executive producer Shana Naomi Krochmal — to share their winners of the year, as well as the unfortunate losers. (Sorry, but if you’re reading this, Sean has you on the list — and he’s brought receipts.)

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In a year when creators surged fully into the mainstream, ICYMI’s Lia Haberman joins Like & Subscribe's Natalie Jarvey for a Substack Live recap of the biggest highs and lows of 2025. From MrBeast going Hollywood to Ms. Rachel landing on Netflix, plus podcasts turning into video shows and YouTube cementing itself as television, they break down what changed, and what those shifts mean for the creator economy going into 2026. Natalie and Lia also hand out totally fake (but very fun) awards to the people, trends, and storylines that defined the year. And because looking back means being honest, they al...

Some guys can’t take a hint. After half a dozen proposals and a hostile bid, Paramount Skydance got a definitive “no means no” from Warner Bros. Discovery’s board this week. Elaine Low and Sean McNulty break down how the tables turned on suitor PSKY, what this means for the timeline of a Netflix-Warner Bros. merger and the wild payouts David Zaslav and the WBD C-suite are getting regardless of what happens. (Contraction, schmontraction.) Then, Erik Barmack unpacks Disney’s $1B investment in OpenAI, Bob Iger’s claim that the deal poses “no threat to creatives,” and what it really means when 200 Disney...

Prestige Junkie's Katey Rich and Natalie Jarvey jumped on Substack Live to discuss why the Academy struck a deal with YouTube to air the Oscars, who might win the most in this deal, and what kind of changes we might expect for the Oscars going forward.

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Richard Rushfield, Katey Rich and Christopher Rosen taped a special Prestige Junkie episode to discuss what Richard rightly hailed as Rob Reiner's “towering career of a towering presence” in the industry. From his early days as a sitcom star on All in the Family to his remarkable 12-year run of feature films, starting with 1984’s This Is Spinal Tap and ending with 1996’s The American President — with 1986’s Stand By Me, 1987’s The Princess Bride and 1989’s When Harry Met Sally among those in between — Reiner influenced a generation.

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Creator and actor Noah Beck and Olympic gymnast Jordan Chiles join Natalie Jarvey to break down how athletes are building fandom — and entire careers — beyond the field. From NIL to fashion to acting, they share how they navigate social media pressure, pursue new opportunities, and stay competitive while staying themselves. Subscribe to Like and Subscribe for more conversations like these: likeandsubscribenews.substack.com

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Like sand through the hourglass, so are the mergers of our lives. With the Warner Bros. board now in a 10-day window to respond to Paramount’s newly hostile counteroffer, Hollywood is nearly guaranteed to be mired in this soap-operatic saga for months to come. Elaine Low, Sean McNulty and Natalie Jarvey break down the latest — including the introduction of Jared Kushner and Middle East money as the majority financial backing of the new Paramount bid, how the industry and unions are looking to fight off this merger (and whether public sentiment matters), and the likely chill this is going to have on the...

WGA West president Michele Mulroney has a message for Netflix chief Ted Sarandos and Warner Bros. Discovery head David Zaslav: “We want there to be consideration of industry workers in these conversations… We don’t believe it was inevitable that Warner Bros. needed to be sold.” The guild leader sat down with Elaine Low on Monday morning as the town was still digesting the news of Netflix’s winning $82.7 billion bid to acquire Warner Bros. studio and streaming assets, not to mention the fresh shock of Paramount’s hostile takeover bid for the entirety of Warner Bros. Discovery.
In looking at the impa...

Elaine Low, Natalie Jarvey, Sean McNulty and Lesley Goldberg all gathered Friday morning for a special live episode of Ankler Agenda to break down the repercussions of potentially the most significant piece of show business news this decade: Netflix's acquisition of Warner Bros. Top-line concerns include:

One studio to rule them all and in the darkness bind them: Netflix, Paramount Skydance and Comcast have submitted new bids to buy Warner Bros. Discovery, part or parcel. One’s got cash (Netflix), another’s got Saudi money (PSKY), but the question is: Who needs whom more? And which studio exec would be most palatable to the town as the new head of Warner Bros.’ TV and film studios — Ted Sarandos, David Ellison or Donna Langley? Elaine Low, Sean McNulty and Natalie Jarvey suss out the latest (binding) bids for WBD and which combos make the most sense for the studios and f...

After ignoring weeks of theatrical disappointments, moviegoers fell under the spell of Wicked: For Good last weekend to the tune of almost $150 million in North America. Who does the industry have to thank for that total? Women, who made up 70 percent of the opening audience. Elaine Low, Sean McNulty and Natalie Jarvey examine how the fairer sex have been largely underserved at the box office this year, while Vanity Fair’s all-bro Hollywood cover boys like Glen Powell (The Running Man) and Jeremy Allen White (Springsteen: Deliver Me From Nowhere) struggled to pull their weight as movie stars. Plus, Prestige Junkie’s Kat...

How long before Warner Bros. becomes another studio swallowed up by David Ellison? With final bids for WBD due this week, all eyes remain on Paramount Skydance — despite the Comcast and Netflix red herrings. Elaine Low, Sean McNulty and Natalie Jarvey break down why a Paramount–Warners mash-up now feels less like speculation and more like destiny. Then Richard Rushfield reveals the whispers starting to circulate within the creative community about Ellison’s cozy ties to Donald Trump and how it might push back. Plus: As Disney becomes a luxury brand and even monthly streaming bills seem like an extravagance, has the m...

In this special bonus Ankler Agenda episode, Richard Rushfield chats with Warner Bros. Motion Picture Group co-chairs Michael De Luca and Pamela Abdy about their journey to Warners, their record-breaking year at the box office and why their strategy paid off on hits from ‘Sinners’ to ‘Superman’ — all in the face of relentless negative headlines about their bold and risk-taking slate. With a combined 70 years of making movies, these two have seen it all — hits and flops, unexpected wins and surprising losses. But even now, with so many signs pointing to the contrary — and the fate of their studio in doubt, as it...

Hollywood had its eyes on Web Summit Lisbon this week — where Tilly Norwood creator Eline van der Velden joined Ankler Media EIC Janice Min to showcase her AI “actress.” But Wild Sheep Content CEO Erik Barmack, our Reel AI columnist, tells Elaine Low, Sean McNulty and Natalie Jarvey that the fixation on Tilly misses the far more consequential story: the unmistakable warning signs of AI’s encroachment and the decades of strategic drift that have left Hollywood uniquely exposed to Big Tech’s ambitions. Which jobs remain genuinely AI-proof? Which ones are already dissolving beneath us? And what does it mean for a creative e...

Election Day had New York City’s Gen Z cheering in the streets as proud socialist Zohran Mamdani crushed the Democratic establishment (in the form of disgraced state governor-turned-flop independent candidate Andrew Cuomo) in the mayoral race. But as election results from New York, New Jersey, Virginia and elsewhere poured in Tuesday night, who was really watching TV? Elaine Low, Sean McNulty and Natalie Jarvey examine the rising tide of “newsfluencers” trumping old-school cable news as viewers get older (average age: 70-72), MSNBC becomes MS Now, and trust in media plummets. Then, Lachlan Cartwright of buzzy media newsletter Breaker joins with to relay h...

Thousands of jobs lost at Paramount Skydance and Amazon, quiet panic on the Warner Bros. Discovery lot, shoot days in L.A. on a continued decline — all while streaming churn, anecdotally, is becoming worse than ever as subscription prices skyrocket. As Hollywood embraced the most terrifying part of the industry during Halloween week — mass layoffs — Ankler Agenda host Elaine Low, along with Sean McNulty and Natalie Jarvey, take a look at the local economic indicators and how many are pointing south as we barrel toward next year. Then, to celebrate our big flagship podcast rebrand as Ankler Agenda, Richard Rushfield debuts his ne...