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‘Etoile' Canceled at Amazon After One Season — Despite Two-Season Order

‘Etoile' Canceled at Amazon After One Season — Despite Two-Season Order

Yahoo10-06-2025
Amazon's Prime Video has canceled Étoile after a single season — even though the streamer had initially asked for two.
The news comes about six weeks after the series, from Marvelous Mrs. Maisel creators Amy Sherman-Palladino and Daniel Palladino, premiered its full eight-episode season. Étoile is set in the world of ballet and centers on the heads of historic but struggling companies in New York and Paris (played by Maisel alum Luke Kirby and Charlotte Gainsbourg) who decide to swap their principal dancers.
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Prime Video gave the show a two-season, straight-to-series order in 2023 as The Marvelous Mrs. Maisel was in its final season. Such deals often have contingencies, however, by which a streamer or network can opt out after part of a multi-season order. That was the case with Étoile.
In the three weeks of Étoile's release for which data is available, the show has not dented Nielsen's top 10 streaming charts. That would make a second season of the pricey series, which filmed on location in New York and Paris, a tough sell. Amazon MGM Studios, which produces the show and where the Palladinos have an overall deal, is also going through a leadership change: Former studio head Jen Salke, who greenlit Étoile, left Amazon in late March (though she struck a producing deal on her way out). TV chief Vernon Sanders and film boss Courtenay Valenti continue to run their respective divisions, now reporting directly to Mike Hopkins, head of Prime Video and the studio, rather than Salke.
Along with Kirby and Gainsbourg, Étoile stars Gideon Glick, Lou de Laâge, David Alvarez, Ivan du Pontavice, Taïs Vinolo, David Haig, LaMay Zhang and Simon Callow. Sherman-Palladino and Palladino executive produced the series with Dhana Rivera Gilbert. Scott Ellis was co-EP.
Deadline first reported the news.
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From albums to stadiums: K-pop companies look for higher revenue in live concerts
From albums to stadiums: K-pop companies look for higher revenue in live concerts

CNBC

time4 hours ago

  • CNBC

From albums to stadiums: K-pop companies look for higher revenue in live concerts

When Blackpink kicks off their "Deadline" world tour in Goyang, South Korea, this weekend, they'll be aiming to top the record-breaking run of their previous tour, which grossed over $330 million and was reportedly the highest-earning in history by a girl group. Projections from Daishin Securities show that the new tour by the four-member group is likely to rake in 600 billion South Korean won ($440 million), according to South Korean outlet e-daily. Blackpink's concerts are just one example of how K-pop companies are turning to concerts to shore up their balance sheets. Amid a decline in album sales that battered their revenue and tanked their share prices in 2024, these agencies lost a combined market cap of 35% from the second half of 2023 to the end of 2024, according to a June 3 note by Goldman Sachs. South Korea's "Big Four" K-pop agencies are all publicly listed. Hybe Corporation is the largest and is listed on the blue-chip Kospi, while SM Entertainment, JYP Entertainment and YG Entertainment are on the small-cap Kosdaq. Live concerts are one way the "Big Four" are addressing the slumping sales of albums, which traditionally form the bulk of the firms' revenue. Billboard's midyear Boxscore report revealed that boy group Seventeen, managed by Hybe subsidiary Pledis Entertainment, "essentially doubled its midyear gross for the second consecutive year," thanks to its Right Here world tour, which ran from October 12, 2024, to February 12 this year. Billboard's information covers all reported shows between Oct. 1, 2024, and March 31, 2025. The group was the third-highest grossing act in the period, pulling in $120.9 million and an attendance of 842,000 over 30 shows. Five K-pop acts are on Billboard's top-50 list, up from three in 2023 and 2024 and two in 2022. "K-pop acts on the midyear Top Tours chart brought in a collective $228 million and sold 1.6 million tickets from 78 shows. That marks a 79% increase over the genre's 2024 showing, which itself was a 93% jump from 2023," Billboard said. More notably, K-pop concerts defied the broader downtrend in global concert trends. Billboard noted that "this year's midyear charts are down significantly compared with 2024," with a 28% drop year over year in touring revenues, although Live Nation CEO Michael Rapino noted that more artists are waiting until the second and third quarters to launch their tours. Jiwoo Oh, a research analyst at investment firm CGS International, told CNBC that companies are now turning to concerts because the profit margins of live events are higher compared with album sales. By holding concerts, companies also have the opportunity to sell merchandise, which has an even higher profit margin than the concerts themselves. The profit margin for merchandise, she said, can reach as high as 50%. This shift to concerts as a revenue stream can be seen in the companies' first-quarter results. Out of the four major publicly listed K-pop companies, three saw huge increases in concert revenues. JYP Entertainment was the exception. Most notably, Kospi-listed Hybe Corporation, South Korea's largest K-pop company by market capitalization, saw its concert revenue surpass album and digital sales in the first quarter of 2025. Concerts accounted for 31% of total revenue in Hybe's first quarter, surpassing the 27.3% share from music sales. In the first quarter of 2024, music revenue made up over 40% of revenue, while concert revenue stood at 12%. YG Entertainment experienced the largest jump in concert revenue among the four companies, with concert revenue spiking over 270%, reportedly due to world tours from its boy band Treasure and newly debuted girl group Babymonster. The only exception to the trend was JYP Entertainment, which reported a drop in both concert revenue and profit. The company explained in its first-quarter earnings note that this was due to a lack of large-scale concerts by major artists during the period. In line with this surge of concert revenue, K-pop stocks — with the exception of JYP — rose between 60% and over 100% year to date, vastly outperforming the Kospi's 28% gain and the Kosdaq's 15.2% increase. CGS' Oh said that while Hybe and YG are poised to see the largest gains because of the resumption of activities from BTS and Blackpink, respectively, YG is likely to see a higher growth rate because of its smaller stable of artists. YG currently only has three groups in its stable, the smallest bench among all four companies. However, a June 26 note by Morgan Stanley said that they believe that expectations for Blackpink have been "over-reflected" in the share price of YG, adding that the agency's "high reliance on a single IP and its shallow slate of performers remains a concern." The dismal performance of JYP was due to investor concern over contract renewals, CGS' Oh added. Girl group Itzy's contracts are expected to expire in 2025, while members of boy band Stray Kids are facing the possibility of serving South Korea's military service. Morgan Stanley's note echoes this point on JYP, saying that "we believe the stock needs to see more artists contributing to top line growth, and new teams emerge to support longer term growth." While rising revenue from concerts is likely to lift all companies, some can capitalize on this trend better than others. Goldman Sachs said that investors should look out for companies that have "Mega IPs," which are groups that can gross an audience figure of over 1.5 million audience per tour. This figure implies the artist has been able to reach beyond K-pop's traditional target markets and into the Western music scene, it said. "We believe K-pop is still a growth sector where the leading companies have established a 'system' that can repeatedly produce such global Mega IPs and consequently continue to expand their global audience," Goldman added. Currently, only four groups meet this criterion. Goldman has singled out Hybe, saying two of its groups are "on the verge" of becoming Mega IPs. This should bring in fast scaling of concerts and merchandising revenue, and provide stronger evidence that Hybe can repeatedly produce Mega IPs. By contrast, Goldman is more pessimistic on SM Entertainment, citing its lack of "Mega IPs." The Wall Street bank also sees earnings turbulence in YG, due to its reliance on Blackpink's activities. A "successful ramp-up of Babymonster is key to seeing multi-year earnings growth," it added.

Freevee's Standalone App to Shutter in August
Freevee's Standalone App to Shutter in August

Yahoo

time5 hours ago

  • Yahoo

Freevee's Standalone App to Shutter in August

Freevee's standalone app will no longer be accessible starting in August, according to an in-app notice to users. 'Prime Video is the new exclusive home for Freevee TV shows, movies and Live TV,' the notice states. 'The Freevee app will be accessible until August 2025. Continue watching your favorite Free Originals and our library of hit movies, shows, and live TV on Prime Video for free, no subscription needed. Download Prime Video to get started and sign-in with your Amazon account.' More from TheWrap Freevee's Standalone App to Shutter in August After 20 Years, Danny DeVito Says 'It's Always Sunny in Philadelphia's' Legacy Is 'I Love Lucy' on Acid Netflix Cancels 'Pulse' and Shondaland's 'The Residence' After One Season Each Mariska Hargitay Had No Idea Marc Maron's 'GLOW' Character Was Based on Her Brother's Dad: 'I Never Saw That' The move comes after Amazon revealed in November that it would shutter the free, ad-supported streaming service as it consolidates its content into Prime Video. At the time, it said that it had decided to 'phase out Freevee branding' and that there would be no change to the content available for Prime members. It added that non-Prime members would still be able to access a 'vast offering' of free streaming content, including select originals from Amazon MGM Studios, a variety of licensed movies and series, and a broad library of FAST channels. Prime Video has surpassed 130 million ad-supported users in the U.S. When combining Prime Video with Amazon's other owned and operated entertainment properties such as Twitch, MGM Studios, Wondery and Amazon Music, the tech giant's entertainment portfolio reaches an average monthly ad-supported audience of more than 300 million globally. Amazon previously shut down rumors of Freevee's shuttering in February 2024, which came just a month after Prime Video launched its ad-supported tier. The streamer first launched as IMDb TV, before being rebranded to Freevee in 2022. The post Freevee's Standalone App to Shutter in August appeared first on TheWrap.

If You're Old Enough To Have Actually Experienced The Y2K Era, These 43 'Boring' Products Will Probably Excite You
If You're Old Enough To Have Actually Experienced The Y2K Era, These 43 'Boring' Products Will Probably Excite You

Buzz Feed

time6 hours ago

  • Buzz Feed

If You're Old Enough To Have Actually Experienced The Y2K Era, These 43 'Boring' Products Will Probably Excite You

A ChomChom roller to save you from painstakingly (and ineffectively) lint-rolling your furniture from the unspeakable amount of shedding your furry bestie leaves behind in their wake. All you have to do is empty the roller when it's full, and it's good to go — no wasteful and annoying sticky sheets required! A tube of silicone grout whitener because the last thing you want to do on your day off is sprain a wrist trying to scrub out the pinkish mold from that long-neglected bathroom tile. Just spray, wait 15 seconds, and watch the mold disappear. Lazy cleaners everywhere, rejoice! Some Venus Visage teeth whitening pens to brighten each and every tooth so that your smile is as ✨shiny✨ as can be. This pen brings instant results without the need to deal with the expensive, traditional strips that may leave your teeth feeling sensitive and your wallet feeling sad. 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