Within the weeks main as much as the Oscars, Jeffrey Katzenberg was noticed gingerly navigating his manner round city on crutches and in a foot brace — the end result, The Hollywood Reporter has realized, of a current fall. It’s not well mannered to notice such an impairment, however within the case of Katzenberg, it’s too becoming a metaphor to let slip by.
After many years toggling between prime studio and manufacturing jobs, the peripatetic 72-year-old billionaire has been on a chilly streak of late. Within the wake of the disaster that was Quibi, the shortform video platform he based with former eBay CEO Meg Whitman that burned by $1.75 billion in startup funding earlier than shuttering in lower than two years, Katzenberg took a enterprise sabbatical to deal with politics and cement his status as a go-to political energy dealer within the mildew of Lew Wasserman. In 2023, he co-chaired Joe Biden’s re-election marketing campaign. That mission, after all, crashed even more durable than Quibi did.
As a part of Biden’s internal circle, Katzenberg has been blamed for (at greatest) failing to acknowledge the president’s decline or (at worst) masking up for it. There’s a motive Katzenberg ran level for so long as he did. Few might match his power and relentless drive, however when Kamala Harris assumed the nomination, Katzenberg performed a minimal function in her fundraising efforts, and he has but to publicly deal with what he actually knew of Biden’s well being. (He declined to remark for this story.)
For Katzenberg’s critics, of which there are a lot of, it’s a well-deserved comeuppance for a mogul whom many L.A.-based Democrats partially blame for the mess they discover themselves in. “Getting Biden re-elected was going to be Jeffrey’s nice redemption,” says an L.A.-based political marketing consultant with ties to the leisure business. “As an alternative, all of it fell to items. We don’t have the White Home. We don’t have the Senate, and we don’t have the Home. And donors really feel like they acquired conned.”
Two and a half months into Donald Trump‘s second time period, the temper contained in the business’s political class veers between bewilderment and submission. Gone is the urgency and power that marked the times and weeks following Trump’s first inauguration in 2017, which noticed worldwide protests together with the Ladies’s March, the place a whole lot of 1000’s of protesters stormed downtown L.A. MAGA is in ascent. The Democrats — and by extension Hollywood liberals — are in a political wilderness, and all indicators recommend that Katzenberg’s tenure as Hollywood’s chief political operator is nearing its finish. A vacuum has opened, prompting two existential questions inside an business that’s greedy for a manner ahead:
Can anybody substitute Katzenberg because the political face of the city? And maybe extra importantly: Given the political local weather, ought to anybody substitute him?
The Trump administration’s retributive model complicates these questions. Brendan Carr, Trump’s FCC chair, seems intent on holding media firms in ideological line, which signifies that heavy-hitter liberals like Disney’s Bob Iger and Dana Walden (a detailed Harris good friend), Netflix’s Ted Sarandos, Marvel’s Kevin Feige and Comcast’s Donna Langley are seemingly neutered. As fiduciaries, they’ve acquired shareholders’ pursuits to prioritize.
There was a second when such business stalwarts as producer J.J. Abrams or administration mogul and L.A. Olympics czar Casey Wasserman, each prolific Democratic bundlers, appeared poised to imagine the perch vacated by Katzenberg, however neither has but met the problem. The previous’s fundraising has waned of late, and any electoral efforts the latter may now pursue would complicate his work on the 2028 Summer season Video games. Interviews with quite a lot of political consultants and donor advisers recommend that few others are more likely to step into the breach. Some argue that the ascendance of Silicon Valley and the pattern of tech corporations taking on Hollywood ought to broaden the search. The proposed merger between Skydance and Paramount has elevated the profile of Oracle fortune inheritor David Ellison, 42, who gave nearly $1 million to Biden’s re-election marketing campaign. Nevertheless, his father and monetary backer, Larry Ellison, is a high-profile Trump supporter. One other title that has emerged is billionaire Snap CEO Evan Spiegel, 34, who just lately launched the Division of Angels to assist within the rebuilding of the communities impacted by the Eaton and Palisades wildfires. However a marketing consultant who has labored with Spiegel says he prefers being seen as a philanthropist and has little curiosity in moving into the political sphere.
All of which results in the conclusion supplied by L.A.-based political marketing consultant Mike Murphy: “The period of the self-appointed mega political [figure] is over. That’s as a result of nobody — particularly after Katzenberg — trusts these self-appointed kings anymore.”
Amongst business donors, there’s a common sense that they’re not fairly able to open their pocketbooks to Democrats rolling by city with hat in hand. “Inform me your message and clarify what we’re going to do earlier than you ask us for a blind test,” says a prime business donor who’s been lively for many years. This donor was referring to a fundraiser held in March for Home Minority Chief Hakeem Jeffries’ Victory Fund, which palms out cash to the DCCC and others. Tickets to the fundraiser, at which Rep. Ted Lieu (D-CA) and Democratic Congressional Marketing campaign Committee chair Rep. Suzan DelBene (D-WA) have been additionally current, went for $10,000 to $100,000. “I believe when it comes time for the midterms and there are lively campaigns going, the checks will begin flowing once more. However that election is manner off, and proper now asking for a donation to the get together looks like — properly, while you get your act collectively, we are able to discuss it.”
Hollywood’s present political reckoning isn’t nearly mistrust and worry of Trump. The leisure business is fractured and is not the cultural or monetary power it was even a decade in the past. Moreover, arguably the business’s greatest property — celebrities — have been solid as political liabilities within the wake of Trump’s victory. Everybody from George Clooney and Oprah Winfrey to Taylor Swift and Beyoncé supported Harris, but regardless of these endorsements, fewer working-class voters got here out for Harris than did for Biden in 2020. “The outdated Hollywood mannequin, when it comes to the ways in which we used to help the [Democratic] get together, is lifeless. And it must be, as a result of it doesn’t work,” says screenwriter Billy Ray, who for the previous a number of nationwide election cycles has labored with Democrats on their messaging.
Ray notes that when Democrats suffered defeats previously, there often was an acknowledgment and dedication to regulate and alter; Obama did it in 2010 after the midterms, as did Hillary Clinton in 1994. However a minimum of to date, the absence of introspection proven by the Democrats within the face of their November defeat has shocked him. “We simply dropped $6.7 billion on an election cycle. And but for those who stopped nearly any American on the road and requested them, ‘What does the Democratic get together stand for?’ They most likely can’t inform you. That’s an issue.”
Katzenberg within the White Home in 1998 with Vice President Al Gore, political marketing consultant Andy Spahn, first girl Hillary Clinton and Elton John.
Diana Walker/Contour/Getty Pictures
As one producer with political contacts observes, “You go to those dinners because the election and individuals are paralyzed. They’re simply repeating what they’re listening to from Rachel Maddow. They don’t know what to do. The richest ones are hanging again, figuring they’ll earn a living proper now [on Trump’s tax policies] and kind it out later.” This supply provides, “There’s a chill now — an arctic chill. It doesn’t matter what a well-intentioned Jeffrey Katzenberg or Rob Reiner do or don’t do when somebody on the Jeff Bezos degree is straight away capitulating, dumping $40 million on that Melania documentary.”
Murphy concurs. “I don’t suppose Hollywood affect is gone, nevertheless it’s way more fragmented now.”
Comic Adam Conover, a outstanding leftist voice within the business who serves on the board of the WGA West, contends that Hollywood, after a rabble-rousing rise up throughout Trump’s first time period, is more likely to be way more accommodating in his second — particularly after an election that ratified the notion of its diminished energy as a political power. “Hollywood goes the place the wind blows,” he says. “The election was a rightward flip. We’re residing in a unique world. The media can and can get conservative once more. Everyone watched 24 in George W. Bush’s America, together with liberals.”
There’s one other factor at play within the political energy vacuum that now exists in Hollywood: its gerontocracy disaster. Katzenberg constructed his clout, contacts and pocketbook within the Eighties as a 30-something studio chief at Paramount and Disney. On the time, his age was in keeping with the remainder of the presidents of manufacturing of the majors. Today, these influential posts are largely nonetheless held by boomers. Subsequent-gen execs, reflecting up to date worldviews, haven’t been elevated to positions that will enable them to turn into kingmakers.
In 2008, Katzenberg was early to help Barack Obama, at the same time as a lot of Hollywood was Staff Hillary Clinton.
Pablo Martinez Monsivais/AP Pictures
Within the lead-up to the 2018 midterms, a youthful, extra numerous class of political gamers from the worlds of TV and movie began to emerge. There was an unprecedented degree of political activism, a lot of it on the grass-roots degree. Christy Callahan, a former movement image artistic government who now serves as a senior adviser to the nationwide gun violence prevention group Brady, hosted dozens of fundraisers, the vast majority of which have been low-dollar occasions that introduced in anyplace from $50,000 to the low six figures. Her concern, after seeing a number of the richest males on this planet attend Trump’s inauguration, together with Bezos, Elon Musk and Mark Zuckerberg, is that the “small-dollar occasions gained’t matter anymore.”
After the election, Ray spent two days in political mourning. However his resolve is again. When colleagues and friends from the leisure business ask him what they need to be doing these days, Ray tells them: “I’m going to be bringing you a string of candidates who can win within the heartland, they usually could not agree with you absolutely on weapons and will not agree absolutely on pronouns, however you’ve acquired to help them anyway as a result of they’re the way forward for the get together, and it’s both that or we don’t have a future.
“Individuals who inform tales for a residing or individuals who take them to market know Nov. 5 was a large swing and a miss,” he continues. “It’s incumbent on us to inform the folks within the get together simply how far off the goal they’ve been. If anyone on this planet understands what it’s wish to be rejected by {the marketplace}, it’s folks in Hollywood.”
With the business feeling politically rudderless, maybe it’s time for a casting name: “Searching for well-connected, energetic energy dealer with a eager sense of narrative.”