A Hollywood Manager Explains the New Rules of Show Biz

Today’s show is about money, and how to make it in entertainment. The streaming boom made Hollywood feel like it had solved its money problem: Netflix, Amazon, Apple, Disney and everyone else wanted endless stuff. Top talent got paid, and so did everyone else. That boom is over, and now the industry is consolidating. And at the same time, lots of artifacts of old Hollywood that could generate a lot of money for some people — like syndication payouts in TV or backend deals for movies — don’t really exist in a world dominated by streamers. So how do actors, writers, directors, producers and creators make money in 2026? Peter Micelli, CEO of Range Media Partners, makes his money by representing talent like Bradley Cooper, Tom Hardy and Halle Berry. He’s been arguing for a while that stars shouldn’t just wait for work, but should be out there turning themselves into businesses. That certainly won’t work for everyone, but I think if you squint you can see a new economy starting up — especially for creatives who have meaningful followings online. Learn more about your ad choices. Visit podcastchoices.com/adchoices