For the entertainment industry, an HBO Max move is causing peak upsetDecember 9, 2020 – Media Mention
Greenberg Glusker entertainment partner, Sky Moore, weighs in on the impact of streaming services on talent deals in the article, "For the entertainment industry, an HBO Max move is causing peak upset," published by The Washington Post on December 9, 2020.
The need to pay out these stars could cost Warner Bros' tens of millions of dollars or more, compounding the loss of box office.
“Those will be fun conversations,” said Sky Moore, a partner at the Los Angeles firm of Greenberg Glusker who has negotiated many talent deals in Hollywood. “Everybody gets their pencils out when a movie changes course like this. And when it’s big names, there are going to be a lot of big numbers written.” Moore said the deal in many cases could be calculated as a percentage of a hypothetical sale to a streaming service on the open market — a high figure that could reach $125 million or more.