The Lord of the Rings: The Rings of Power

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Amazon shakes up streaming leadership team
TechCrunchยท 2025-03-29 18:40
Core Insights - Jennifer Salke is stepping down as head of Amazon MGM Studios, indicating potential dissatisfaction with the company's streaming strategy over recent years [1][2] - Amazon will not fill Salke's position; instead, the heads of film and TV studios will report directly to Mike Hopkins [2] Streaming Performance - Under Salke's leadership, Amazon had some successes with shows like "Reacher," "Jack Ryan," "Fallout," and "The Boys," but faced challenges in achieving mainstream hits [3] - "The Lord of the Rings: The Rings of Power" had a record audience at premiere but did not meet expectations given its budget of over $1 billion [3] - "Citadel," designed as a central piece for a fictional universe, became the second most expensive show ever made but received an underwhelming reception, leading to delays in its second season [4] Production Challenges - Amazon has struggled to produce a new James Bond film post-MGM acquisition, facing creative control issues with producers Michael Wilson and Barbara Broccoli [5] - Tensions arose when Salke referred to Bond as "content," leading to dissatisfaction from Broccoli and a reported reaction from Jeff Bezos to remove her from the situation [5] - Salke's absence from the announcement of the Bond deal highlights her diminished role, although she will start a new production company with a first-look deal at Amazon [6]