Warner Bros. Pictures co-chair Michael De Luca cautioned against slashing spending on original film development during a Q&A at the Produced By conference on May 30.
De Luca stressed that cutting development funds too deeply risks drying up a studio's pipeline of movies. He said the relentless pursuit of new talent remains essential to keep innovation alive within organizations.
The Marché du Film hosted its first Creator Economy Summit in Cannes on May 17, bringing together film producers and digital creators to examine how online content makers are entering the movie industry.
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Kevin McCormick is stepping down from his executive position at Warner Bros after a second stint at the studio. He will transition to a producing deal that covers both films and stage productions, with The Bodyguard reboot as his first project.
George Lucas has criticized Hollywood's reliance on test screenings and focus groups. The Star Wars creator said studios give too much power to audiences instead of filmmakers. He also described artificial intelligence as inevitable progress that makes filmmaking easier.
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David Ellison, chairman and CEO of Paramount Skydance, reaffirmed plans to release 30 films theatrically each year following the merger with Warner Bros. Discovery. The company anticipates significantly lower theatrical revenue in 2026 despite nearly doubling its film slate. Ellison described the pending acquisition as a 'powerful accelerant' to the company's strategy.