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Victoria’s Secret War, Super Bowl Inflation, Trump’s PAC Men
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Welcome back to The Daily Courant, your afternoon guide to Puck’s best new reporting. Here’s what you need to
know… and stick around for more on Hollywood’s surprising A.I. détente.
P.S.: A reminder that subscribers to Puck’s Inner Circle—our highest tier of membership—now also receive complimentary access to Air Mail. Click here to sign up for the most essential reporting from Puck and our elegant sister brand, a haven of weekly cultural reportage.
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- What I’m Hearing: Hollywood has spent the past few years spiraling about an A.I. job apocalypse, but SAG-AFTRA just struck a startling deal with the studios that left the door open to “synthetic” actors. Eriq Gardner breaks down the union’s peace treaty before turning to a bizarre meme-character case on the bleeding edge of trademark law.
[Read More]
- Line Sheet: Victoria’s Secret recently escalated its proxy battle with Australian billionaire Brett Blundy—an ugly fight that’s distracting from the fact that the company has doubled its
valuation over the past year. Malique Morris explores the fallout and why the new Victoria’s Secret is actually working. [Read More]
- The Best & The Brightest: Trump associates
James Blair and Chris LaCivita are embarking on an ambitious midterm agenda, with a little help from a sprawling web of interlinked super PACs, LLCs, and dark money groups. Leigh Ann Caldwell profiles the two men at the heart of MAGA’s financial universe. [Read More]
- The Hidden Layer: Despite expectations that the Trump-Xi summit would yield meaningful progress on the high-stakes A.I. cold war between their countries, the Beijing trip resulted in more questions than answers. Ian Krietzberg connects the outcome to the A.I. influence vacuum in the White House.
[Read More]
- Wall Power: On Monday night, the art-hoovering skylords of finance dropped the G.D.P. of a small country on the Si Newhouse collection at Christie’s. Marion Maneker digs into the results… and
explains why the auction house’s $1.1 billion night isn’t all good news. [Read More]
- The Varsity: At the upfronts last week, Disney’s head of ad sales revealed that the cost of a 30-second spot during next year’s Super Bowl
had climbed to $10 million. John Ourand chats with Horizon Media executive Adam Schwartz about why that bonkers price tag is worth every penny. [Read More]
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- The Powers That Be: Dylan Byers joins Peter Hamby to discuss his report that Paramount leadership is preparing to potentially strip Bari Weiss of operational control at CBS News. Then they turn to the New York Times newsroom’s quiet revolt against Nicholas Kristof’s
reporting on Israeli war crimes. [Listen Here or Watch Here]
- Fashion People: Lauren Sherman and
Malique discuss Lauren’s scoop that Everlane is selling to Shein for $100 million, the Gucci and Dior Cruise shows, their favorite looks from Cannes, and plenty more. [Listen Here]
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And now, a little more on Hollywood’s A.I peace treaty…
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It’s been three years since Hollywood’s double-barreled writers/actors strike, largely centered on
compensation and A.I. issues, crippled the industry for nearly six months—which is why it’s a little strange that this bargaining cycle has been so civilized. Surprisingly, the 18-page summary of SAG-AFTRA’s tentative deal with the studios revealed that the union (pending membership approval) had left the door open to “synthetic” actors—i.e., fully A.I.-generated digital performers, not based on or performed by identifiable human actors. Has Hollywood finally accepted the
inevitable?
In his latest dispatch, Eriq pressed SAG-AFTRA chief negotiator Duncan Crabtree-Ireland on the myriad questions surrounding the ostensible concession. Notably, Crabtree-Ireland pushed back on the notion that the contract language is vague, and waved off the possibility that any studio could realistically justify deploying a fully synthetic actor instead of a dues-paying member. Indeed, nobody in town seems quite ready to storm the barricades over A.I. stealing
their jobs just yet, but the union is very much reserving its right to take up arms later…
Click here to read Eriq’s full story.
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| Malique Morris
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Victoria’s Secret just escalated its proxy battle with billionaire Brett Blundy, an ugly fight over who’s done worse on sexual harassment.
But the sideshow is distracting from a crucial point: The new Victoria’s Secret is working.
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| Leigh Ann Caldwell
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James Blair and Chris LaCivita are set to embark on an ambitious midterm agenda, working amid a sprawling web of interlinked super PACs,
LLCs, and dark money groups that make it difficult to know who’s funding whom—and how much anyone is getting paid. It’s either sinister or brilliant, depending on one’s politics, but almost certainly both.
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| Ian Krietzberg
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One week after Trump dragged Silicon Valley’s top C.E.O.s halfway across the world to extract various business deals with Xi Jinping, the
crew returned to Washington with more questions than answers. Among them: Does the White House have a unified policy on A.I.? And is China a competitor, or a customer?
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| Marion Maneker
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The May auctions continued in thrilling fashion at Christie’s last night, as feverish bidding pushed new records for the mainstays of
modernism—Pollock, Brancusi, Miró, Rothko—and the art-hoovering skylords of finance dropped the G.D.P. of a small country on the Si Newhouse collection. So can we call that an art market triumph? Not so fast…
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| John Ourand
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Horizon Media’s Adam Schwartz on the amplifying value of a Super Bowl ad, MLB’s events strategy, and why the 30-second spot is still the
backbone of television advertising.
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| Peter Hamby
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| Dylan Byers
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Dylan Byers joins Peter to discuss his report that Paramount leadership is preparing to potentially strip Bari Weiss of operational
control at CBS News after seven and a half months of bad press, a handful of unforced errors, and a belated epiphany that her role should have been circumscribed to editorial decisions. Then they turn to the New York Times newsroom’s quiet revolt against Nicholas Kristof’s Israel op-ed.
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| Lauren Sherman
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Lauren’s guest is new Line Sheet correspondent Malique Morris. They dive into the week’s biggest news: Lauren’s scoop on Everlane’s $100
million sale to Shein, the slow collapse of 2010s direct-to-consumer brands, and how Quince might be next. They also get into the Gucci and Dior Cruise shows, the messy Victoria’s Secret proxy battle, and their favorite looks out of Cannes. The conversation ends with a heated debate on whether Taylor Swift will ever be chic.
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