Warner Bros. Chief Michael De Luca Warns Hollywood Against Cutting Development Budgets for Original Content
By
Cynthia Littleton
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Warner Bros. Pictures chief Michael De Luca, speaking at the Produced By conference hosted by the Producers Guild of America, warned Hollywood executives against cutting development budgets too deeply. He emphasized that reducing investment in new talent and original material dries up the creative pipeline and kills innovation. De Luca stressed the importance of pursuing fresh voices to sustain the film industry's future.
Key quotes
· 2 pulledThe North Star [is] the relentless pursuit of new talent and fresh voices, and a way to refresh the pipeline, because if you don't look for new voices and new talent, and you rely on what's worked before, innovation dies within your organization.
If you cut it too deep, your pipeline dries up and you don't have enough movies.
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