Michael De Luca and Pam Abdy built their reputations with a relationship-driven, filmmaker-friendly approach — but that style might be at odds with the imperative to save money.
De Luca returned to an executive role at Sony in 2013, where he was co-president of production with, then president of the studio, wrote in a November 2014 email to his boss: “I don’t think Mike actually even remembers between each moment I tell him how over budget they are, how over budget they are.” Pascal — ironically known as a particularly spendy executive herself — responded: “I want them to understand how to do the job like a grown up with plans and targets and responsibility.
Looking at that history, some who have known De Luca over the years wonder what happens next. Is Zaslav really prepared to gamble on expensive movies with the necessary marketing spend? This is all new territory for him. “He probably feels like he can control it, and he’s going to get all the positives of what Bryan [Lourd] is going to provide and he’ll be able to manage the spending,” says a former De Luca colleague.
Some wonder if De Luca and Abdy are once again doing a job they were perceived as being hired to do at MGM: Keep Warners in the game with an eye toward a sale. “How long do you think this is going to be a stand-alone company?” says one veteran executive. “I say two, three years. This company is going to be bought. … If they can make some good movies and announce some nonexistentThis story first appeared in the June 8 issue of The Hollywood Reporter magazine.
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