Paramount Tries To Settle With Trump; California vs. Everybody; Jesse Eisenberg's Secret Mall Apartment; Mubi's Italian Move; Netflix Is AI Curious
Paramount is still struggling to get a settlement done with President Trump. Hollywood's fascination with AI continues, and California faces stiff competition for film production dollars.
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It's Thursday, May 29th. Here's what's happening.
📽️ The Big Picture
The film industry cautiously monitors Paramount's negotiations with the White House. A tough M&A environment has surprised industry watchers, and Paramount reportedly has offered to settle President Trump's $20 billion dollar lawsuit. Meanwhile, a prestigious think tank has a report on California's tough competition for movie production dollars. Movie stocks ended sideways as the market tries to make sense of the latest tariff/trade brouhaha.
🎥 Extra Coverage
Paramount is still struggling to settle a massive lawsuit brought by President Trump over a 60 Minutes interview, reportedly offering $15 million. (Daily Beast)
California is facing a bleak future as it tries to compete with New York, London and Atlanta as a production hub, according to a Milken Institute report. (Hollywood Reporter)
Deadline is reporting that Lionsgate Motion Picture Group President Nathan Kahane is expected to step down before the end of year. (Deadline)
Jesse Eisenberg's short Q&A clip about the buzz-worthy documentary Secret Mall Apartment describes why he came on board as an Executive Producer. (YouTube)
Mubi has hired Gabriele D’Andrea as VP, managing director of Mubi Italia, as the film powerhouse expands its theatrical slate in Italy. (ScreenDaily)
Hollywood's fascination with AI continues, as Netflix co-founder Reed Hastings joins the board of the AI firm Anthropic. (Deadline)
💰 MNP Stock Index
Market Close: Thursday, May 29th, 2025
Total Value: $106,463.23
Today's Change: -$12.22 (0.00%)
Total Gain/Loss (Since 05/12/25): $6,463.21 (6.46%)
About as flat a day as you can get for our Movie Stock Index. In fact, we ended with a 0.0% change! Starz was the lone bright spot today, up 4.89%.
Disclaimer: The MovieNewsPro Stock Index is a virtual index - there are no actual funds invested. Sector index total value dollar amounts are based on an initial hypothetical investment of $100,000 on May 12th, 2025. We are not licensed investment advisors and our information should not be used as investment advice. Invest wisely.
🍿 Film Festivals
Los Angeles Greek Film Festival, US - May 27-June 1
Nippon Connection Film Festival, Germany - May 27-June 1
Mendocino Film Festival, US - May 29-June 1
SXSW London, June 2-7
Lighthouse International Film Festival, US - June 4-8
New Media Film Festival, US - June 4-5
Sydney Film Festival, Australia - June 4-15
Tribeca Film Festival, US - June 4-15
📺 Watch This Tonight
The Truman Show (1998)
Directed by Peter Weir
Ahead of its time, this holds up remarkably well. Jim Carrey is outstanding and it would make the perfect double feature with Eternal Sunshine.
Disclaimer/Transparency
MovieNewsPro is a film industry news monitoring service. All stories have been previously reported elsewhere and are not exclusive stories to MNP. All information is believed to be accurate at the time of reporting. MovieNewsPro uses a full array of technology to gather information, including machine learning, automation and artificial intelligence throughout its business monitoring, editing and reporting process.
