Newsmax has become a growing power in a conservative media – “Based in Boca Raton, Fla., the network features lo-fi production values and off-brand personalities like Sean Spicer and Diamond and Silk. Until recently, the network’s top shows attracted a paltry 58,000 viewers. On Thursday night, the network drew its biggest audience ever, notching 1.1 million viewers at 7 p.m. The out-of-nowhere rise has come as Fox News — the No. 1 network in TV news and long the destination of choice for many Trump partisans — has experienced a rare dip in dominance.” [NY Times]
Condé Nast is in the middle of a sweeping restructuring – [Financial Times]
Moviegoing Teeters After 700 Theaters Reclose Overnight in North America – “Heading into the weekend, 646 movie theaters in the U.S. closed down again virtually overnight amid an alarming surge in COVID-19 cases, according to Comscore. the latest round of closures has been the most dramatic to date. Nor is anyone sure how many more are yet to come amid the surge. Last week, in a preemptive move, Warner Bros. announced that Wonder Woman 1984 will debut on Christmas Day in whatever North American cinemas remain open as well as on HBO Max. (Overseas, including China, the superhero sequel will attempt a traditional theatrical run.)” [THR]
The End of Taylor Swift’s $300 Million Fight With Scooter Braun – “When Scooter Braun agreed to sell Taylor Swift’s first six albums for $300 million, it wasn’t just a good deal for the manager and his investors. It was the end of a year-long headache that started with his purchase of Big Machine, Swift’s old label. [Bloomberg]
Charli D’Amelio, The Most Popular Teen TikToker, Is The First To Hit 100 Million Followers – “Following D’Amelio on the leaderboard is fellow teen dancer Addison Rae, who currently has over 68 million followers, and special effects artist Zach King, who has over 52 million. Few celebrities and influencers have broken the 100 million benchmark on other social platforms, like Instagram. For reference, Beyonce has 155 million followers on Instagram, Gigi Hadid has 60 million, and Rihanna has 87 million.” [BuzzFeed]
Cineworld Secures $450M Debt Facility; New Measures To Generate Over $750M In Extra Liquidity For Regal Owner – “In a major sign of confidence in the future of theatrical moviegoing, Cineworld Group, the world’s second largest exhibitor and owner of Regal in the U.S., has secured significant additional liquidity that will help ensure its future despite ongoing challenges created by the COVID-19 pandemic.” [Deadline]
Photo courtesy Taylor Swift
