Welcome back to another edition of Buffering, where we are currently celebrating the end (for now) of months of drama surrounding a possible merger of Paramount Global and Skydance. I have a few thoughts on that below, but our main story this week revolves around Hollywoodâs favorite pastime: Awards! Specifically, the Emmy Awards, where this year promises breakthroughs from a bunch of new players. As always, thanks for reading. âJoe Adalian |
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And just like that, week after week of speculation about the merger of Paramount Global and Skydance Media has ended with ⦠no deal. Regardless of whether such a mash-up wouldâve been a net positive, whatâs been striking to me has been how so much of the reporting on the talks has felt like endless bashing of Paramount owner Shari Redstone and covert lobbying for Team Skydance. Industry analysts, anonymous studio execs, and even many reporters seemed hell-bent on getting the deal done, as if David Ellison was the next Bob Iger and his company had some completely unique, genius plan to get Paramount back to the top of media conglomerate mountain. Really? |
I get that Skydance has had a nice run of churning out some hit movies over the last decade (though really, doesnât Tom Cruise deserve most of the credit for that?). Ellison might have been (and probably one day still will be) a perfectly fine media mogul. But Skydance to me didnât feel like some sort of slam-dunk. It didnât even offer the library synergy and management skill that would have come from a Sony pact. Plus, Skydance control of Paramount would have almost surely resulted in hundreds of layoffs, as well as the shuttering of one or more production divisions or units â just as we are likely to (sadly) see now. |
Look, Iâm not suggesting that Skydance wouldâve been some sort of disaster, or even the worst case scenario for Paramountâs future. Nor am I arguing that the current âoffice of the CEOâ executive trio has all the answers. (Saving money by slashing jobs and selling assets is not exactly revolutionary.) But I guess I just sort of get Redstone changing her mind and deciding either that there could be other, better bidders for Paramount and its assets â or that sheâs simply better off letting her current managers handle the process of getting the company back on more solid ground. |
Sure, itâs entirely possible that sheâs just another impudent, extraordinarily wealthy capitalist who wants to hold out for even more money. Itâs also possible she was scared off by the incredibly aggressive way Skydance pursued and pushed for this deal to go through, and the endless leaks about every minute detail of the agreement, and decided to go with a gut feeling that this was a bad idea. |
Thereâs a (pretty obnoxious) saying thatâs been going around Hollywood since the end of last yearâs strikes: âSurvive âtil â25.â Itâs basically shorthand for the very common opinion that the industry needs to shake off the worst of the streaming hangover before a sort of rebuilding can begin taking place next year, hopefully in a world where interest rates (and the cost of financing projects) is headed lower. Given some bad vibes about Skydance, maybe what happened here is that Redstone figured sheâd be better off trying to âsurvive âtil â25â before figuring out a way to exit the media business. If so, I canât blame her for tryingâ even if she really could have done so a lot less dramatically. |
| | The Bear and Baby Reindeer. Photo-Illustration: Vulture; Chuck Hodes/FX on Hulu/Everett Collection, Ed Miller/Netflix/Everett Collection | |
After being subjected to weeks of omnipresent âfor your considerationâ ads and countless invites to screening events and cocktail mixers, members of the TV Academy have finally arrived at the time for choosing: Voting opens today on nominations for the 76th annual Emmy Awards. And while Peak TV may be over, the competition for the small screenâs most-coveted kudo remains plenty fierce, with prestige television powers HBO and Netflix facing intense competition this year from a red-hot FX, a resurgent Prime Video, and a very prolific Apple TV+. In other words, this yearâs Emmy season could actually be interesting. |
And yet, as much drama as the 2024 race promises, it also comes at a time when most of the major streamers have been sending a not-so-subtle message to the creative community that popularity is much more important these days than plaudits. Awards buzz is nice and all, but most streamers now are obsessed with cooking up what Netflix content chief Bela Bajaria famously called âgourmet cheeseburgersâ â good-enough TV that feeds the masses but often leaves critics hungry. So far, this shift hasnât filtered down to the potential pool of Emmy contenders: There are still more than enough awards-worthy shows for voters to honor. But with so many platforms other than Netflix scaling back budgets and making fewer shows overall, that might not be true for much longer. |
Someone who knows a lot more than I do about the ins and outs of award season is Joe Reid, a veteran entertainment writer who earlier this spring joined Vulture as our TV awards guru-in-residence. For this weekâs Buffering, I connected with Joe to get an update on where things stood in this yearâs battle for statuettes, what surprises we might see when nominations are announced next month, and how he sees future Emmy races evolving as streamers adapt to the new realities of streaming. Also, if you havenât already, sign up for Vultureâs Gold Rush newsletter to get Joeâs Emmys insights delivered to your inbox weekly. (Youâll need to be a New York subscriber, but surely youâve already signed up to support us, right?) |
Mr. Reid! Thanks so much for taking time from your job torturing Vulture readers with your insanely difficult (for me) yet unfailingly delightful Cinematrix puzzles to talk about your other job â informing Vulture readers about the state of play in this yearâs Emmy race. To quote the title of what Iâm sure is your favorite Sarah Jessica Parker film of the 2010s, I Donât Know How She Does It. |
Joe Reid: To quote the title of another Sarah Jessica Parker at you in response, Extreme Measures (which is to say late-in-the-day cold brew). |
Letâs talk Emmy season. I actually want to start by getting your thoughts on how the jockeying for TV awards has evolved over the last decade or so. As someone who spent a decade at Variety at the start of this century, I know full well that studios and talent campaigning for kudos is not at all a new phenomenon. But it always felt much, much less ferocious than what we see on the film side of business, particularly with the Oscars. Now, in the streaming era, Iâm not so sure. You cover both races, so what do you think? |
Oh, sure, thatâs definitely been noticeable over the course of the last several years. For one thing, just in general everything in the industry feels more high-stakes and fraught than it did a decade ago. Chalk that up to the increased volume that social media brings to everything, the increasing instability of the business (making the boost of an award feel that much more urgent), or some combination of both. Thereâs also the fact that over the years, studios and production companies have just gotten better and smarter at awards campaigning. There are whole departments that develop awards-season plans and strategies; theyâve learned the lessons from past years, they know how to game the system (when to roll out a show; what category to submit in), and in general theyâve made things much more streamlined. In a way, thatâs made it more fascinating to cover; in another way, itâs worse because everybodyâs following the same game plan, which can get boring. |
Specifically when it comes to TV, one of the big changes that the streaming era has brought has been the dismantling of the TV calendar. In the networksâ heyday, shows premiered in September, aired their most high-profile episodes during November and February sweeps, and then had their big finales in May. Summer was for reruns and burn-offs. That calendar no longer exists in any impactful way. Certainly not when it comes to how awards season is shaped. TV shows can and do premiere all across the calendar. And since one of the lessons that the awards strategists learned from Oscar campaigning is to premiere your big guns in the last 4-10 weeks before the end of the eligibility period, the streamers have now all decided to premiere a huge chunk of their big Emmy hopefuls in April and May, turning this time of year into prestige armageddon. |
In the old days, May was when the prestige shows were wrapping up their 22-episode seasons that have been running since September. These days, a streamer will binge-drop ten episodes of a brand new, highly pedigreed series that they hope can crash the Outstanding Limited Series and expect the culture to process it and the industry to get behind it within a matter of days. If that sounds insane, itâs because it is. |
I think we saw the peak of Peak TV Emmy madness about two years ago. I witnessed the fallout in the Vulture TV departmentâs Slack conversations: Our editors and critics wandered around in a daze for weeks, barely able to communicate in full sentences after the barrage of so many prestige shows in such a short time frame. Things seem a little more manageable now, but clearly, itâs still pretty packed. But letâs drill down to this year. In your mind, whatâs the biggest open question mark for this Emmy season? |
I think what I have are a lot of smaller question marks that add up to one big question mark: Whoâs on top right now? After the strikes, after the end of Succession and Ted Lasso, with The Crown heading out the door this year, after David Zazlav plunged a big filthy hand in and mangled the guts of HBO, who has emerged at the top of the heap? |
In terms of total nominations, the answer will almost certainly once again be either Netflix or HBO, with the edge going to Netflix by virtue of their unfathomably vast content library that will pull down nominations across all sorts of genres and technical achievements downballot. Look at it this way: last year, Netflix trailed HBO/Max in total nominations 127-103, and that was with HBOâs top three shows (Succession, The Last of Us, and The White Lotus) pulling in 74 total nominations against Netflixâs top three (Beef, Dahmer, and Wednesday) pulling in 38. Thatâs not going to happen this year on the back of shows like Hacks, True Detective: Night Country, The Gilded Age, and the final season of Curb Your Enthusiasm. |
At the same time, you can expect to see a whole bunch of head-scratching if Netflix finishes first in nominations when their biggest shows this year were Baby Reindeer, Ripley, The Gentlemen, John Mulaneyâs chaotic L.A.-set talk show, and the limping final season of The Crown. |
The shows that are expected to dominate the biggest categories this year (acting, writing, directing) come from all over the streaming map: FX is going to clean up with The Bear and ShÅgun, and stands a reasonably decent shot at sweeping the Comedy, Drama, and Limited categories if Fargo can make a surge. Amazonâs Prime Video is making as big a push as they ever have with Expats, Fallout, Iâm a Virgo, and Mr. and Mrs. Smith. Showtime should see decent returns on The Curse and Fellow Travelers. |
And then thereâs Apple TV+, which appears to have tried to match Netflix for volume, at least when it comes to scripted TV. Theyâre currently pushing four shows for Outstanding Drama (Slow Horses, The Morning Show, The New Look, and Sugar), four more for Limited Series (Lessons in Chemistry, Masters of the Air, Manhunt, and Franklin), and comedies Palm Royale and Loot. There is a decently likely path to 5-7 of those shows getting Best Series nominations. And thatâs not even getting into long-shot hopefuls like Silo, Hijack, For All Mankind, Foundation, Platonic, The Buccaneers, Physical, and Monarch: Legacy of Monsters. All of this on a platform that most people donât even have. Clearly, Apple is hoping to make a splash in their overall nomination total, and itâs going to be a little sad to watch them get bodied by Netflix getting 100 nominations for their reality shows. |
Yeah, for me, Apple TV+âs tally is the biggest outstanding question I have for this season. They clearly aspire to be to the streaming age what HBO and Showtime were to the cable era, at least in vibe. Getting consumers to make that connection will be a lot easier if it can start boasting about Emmy noms in a big way, and I think that if those donât materialize in the next year or two, we could see Apple shift strategies. But conversely, I wonder if this year could end up being Peak Emmy for Netflix â and maybe even Prime Video? I mean, their sheer size means theyâre always going to have a decent amount of contenders. But leaders at both platforms have made it clear theyâre more interested in âgourmet cheeseburgersâ now. |
The Apple of it all is interesting, because they just came out of a three-year span where they had one of the dominant comedies at the Emmys, in Ted Lasso, and yet it hasnât seemed to do much for their brand identity as a TV platform. I donât know how they go about fixing that. Maybe itâs just attrition. If Slow Horses and Palm Royale and Lessons in Chemistry all get major nominations this year, and then Severance returns to form for next year, that kind of success will make people pay attention. |
I think Netflix has gamed the system enough in the niche categories that tend to show up at the Creative Arts Emmys that they wonât fall too far in terms of overall nominations. But in terms of major nominations and prestige shows, this year, with the final nominations for The Crown, could be the end point of an era of respectability for Netflix. I think other platforms do prestige better anyway â including Prime, if they could find a way to get an audience for it â so maybe thatâs for the best. |
So you sort of called the FX decision to turn ShÅgun from a limited series to a standard drama so that it can compete for best drama. If we actually get more (good) seasons, then I suppose thereâs no harm â though it does irk me that things designed as what we used to call âminiseriesâ end up competing vs. shows designed to tell multiseason arcs (see also: The White Lotus.) Does this also bug you? And if not, is there some other current quirk of the modern Emmys that youâd fix immediately if you were given the power to remake the process according to the whims of Joe Reid? |
As an awards follower, I tend to wax and wane between my stickler instincts and my âwhatever it takes to get good work recognizedâ side. Limited series like Downton Abbey and The White Lotus transitioning to dramas prods at that stickler instinct, for sure, but thatâs mostly when the shows hang out in the shallower competition pool of Limited Series in order to avoid competition, before declaring their intention to become a recurring series after the fact. This year, ShÅgun is actually being forthright and making that call before voting happens (though you could argue that this year the competition in Drama Series is weaker than Limited series; itâs all gamesmanship, in the end). |
The rule that Iâd really want to wave a magic wand over and fix to my specifications concerns the recent trend towards shows receiving three, four, even five nominations in the same category. This mostly concerns the supporting acting categories in comedy/drama/limited, but I ask you truly: What is more important to the enjoyment of an awards show than robust and diverse supporting acting categories? (The answer is nothing!) |
Itâs super boring when two shows gobble up all eight nominations in a single category. And it doesnât do the job that award shows are supposed to do, which is introduce TV viewers to great shows that they might not be watching. My simple solution is to put a cap on the number of nominations any given show can receive in a single category. Set that number at two and see what happens. The downside is that, to use last year as an example, someone like Alan Ruck from Succession or Meghann Fahy from The White Lotus get iced out because they have multiple co-stars with better name recognition. |
(I would also empanel a jury to rule on eligibility and categorization questions like âIs The Bear a comedy or a drama?â so we can finally all accept that half-hour dramas are both real and spectacular.) |
Faithful Vulture readers already knew you as the evil genius behind our Cinematrix game, but as noted earlier, youâre now also Vultureâs official TV awards season guru. And for the next few months, youâre taking over our Gold Rush newsletter, which is so ably overseen by Nate Jones during Oscar season. For anyone who isnât yet a subscriber, tell us what we can expect from Gold Rush over the next few weeks. |
If youâre into this kind of noodling over the ins and outs of the Emmys and what makes them infinitely more complicated (and sometimes frustrating!) than the simple, elegant Oscars, then you should definitely sign up for Gold Rush. Weâre still a few weeks away from the pre-nominations ballot getting released, which is when the real fun begins and we all spend a day gawking at just how much TV there really was this year. Weâre also going to start making our for-your-consideration pleas from me and the Vulture staff. We seek to advocate as well as inform! Like Pod Save America but without the rising hint of panic in our voice. Come play with us. |
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