End of an era for Hollywood as Daily Variety goes weekly
Nick Clark is the arts correspondent of The Independent. He joined the newspaper in June 2007, initially reporting on the stock markets. He has covered beats including the City, and technology, media and telecoms and made the switch to arts in December 2011. He has also contributed articles to the sports section.
Wednesday 20 March 2013
Every weekday for 80 years, Daily Variety has brought the latest film news to the doorstep of Hollywood’s great and good.
Yet, Tuesday marked the end of an era as the industry bible printed its last daily edition, with a trademark headline written in the industry jargon it pioneered, jargon that would often leave outsiders scratching their heads.
The front page of the final edition, with its famous green masthead, ran with the language typical of its reporting of departing studio executives: “Variety ankles daily pub hubbub”.
Jay Penske, who bought Variety in October with backing from hedge fund Third Point, is to overhaul the weekly magazine while the website was relaunched at the beginning of the month, a move which included taking down the paywall.
In its final edition, it said: “This marks the last official print version of Daily Variety, which reported what happened yesterday. For news of what happened two minutes ago, keep going to Variety.com.”
Variety was set up in New York in 1905 covering vaudeville acts, and 28 years later the daily edition was launched becoming required reading for studio bosses, production teams and acting talent. The jargon it uses is dubbed “slanguage”.
Penske Media Group and Third Point bought the Variety stable in October for an estimated $25m from publishing house Reed-Elsevier. It brought in three editors-in chief, Claudia Eller, Cynthia Littleton and Andrew Wallenstein to oversee a reversal in the publication’s fortunes.
Mr Penske also owns Deadline, a free news website which has muscled in on Variety’s turf of breaking casting news, ratings and box office numbers.
Variety had about 320,000 unique users a month around the time it was sold, while Deadline had 2.4 million. Daily Variety had about 28,000 daily subscribers, while the weekly has a few thousand more.
Review: Imaginative storytelling returns with vigourfilm
Bannatyne leaves Dragon's DenTV
Arts & Ents blogs
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
- 3 Brazil vs Germany World Cup 2014: In defence of Mesut Ozil - the Arsenal midfielder works magic in the shadows
- 4 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 5 Tony Abbott embarrasses Australia by praising Japanese WWII military, ‘getting on the sake’ and posing for ‘crotch-shot’ photo opportunity
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
Vanessa Feltz criticises 'vile' reaction to Rolf Harris allegations