You will be redirected back to your article in seconds

Newsweek Sets Plans to Form Film and Distribution Unit

Newsweek Magazine intends to start Newsweek Studios, a film and distribution company that will focus on newsworthy and documentary content from filmmakers around the world. Pierce Cravens, a producer and actor, will lead the operation and has been named president.

“We’re interested in acquiring and developing projects from emerging and established filmmakers. Our mandate includes short form and long form projects on subjects about international issues, technology, business, culture and politics,” Cravens said via email. He cited examples such as “Period. End of Sentenced,” the short-form documentary about women in India working to improve feminine hygiene that was picked up by Netflix, or “Running With Beto,” a 2019 documentary film that followed former Texas Representative Beto O’Rourke in his campaign for the U.S. Senate that aired on HBO.

Cravens has produced ventures that have been sold to Netflix, Showtime and Amazon. He recently produced “Saint Frances” and is currently in post-production on “1 Night in San Diego.” In a statement Cravens said he is,  “excited about the prospect of bringing the stalwart news brand to a more diverse and broader market. It is a refreshing and unique opportunity to be involved with a historically significant publication such as Newsweek that is also so forward thinking.”

“Creating an advertising driven product for Connected Television is an important strategic effort for Newsweek as we continue to grow our brand and our audience,” said Dev Pragad, CEO of Newsweek, in a statement. “We’re excited to partner with Pierce Cravens to launch Newsweek Studios”.

Newsweek was acquired from IAC by IBT Media in 2013. In 2018 Newsweek became an independent entity.

Popular on Variety

More Film

  • Soho House

    Soho House Lands In Downtown Los Angeles

    Warner Music, Spotify and Lyft are poised to welcome a new neighbor to downtown Los Angeles’ Arts District with Soho Warehouse, the third California outpost of the Hollywood-loved members-only club — and the largest North American opening to date. Hot on the heels of the Soho House Hong Kong debut earlier this summer, the private [...]

  • Born to Be Live: 'Easy Rider'

    Born to Be Live: 'Easy Rider' Gets a Concert/Screening Premiere at Radio City

    In a year full of major 50th anniversary commemorations — from Woodstock to the moon landing — why not one for “Easy Rider,” Dennis Hopper’s hippie-biker flick that was released on July 14, 1969? That was the idea when a rep for Peter Fonda, who starred in the film as the laid-back Captain America, reached out [...]

  • Costa Gavras

    Costa-Gavras and Cast on Nationality, Identity, and Cinema

    SAN SEBASTIAN  —  Though he’s been based in Paris since 1955 and came up through the French film industry, director Costa-Gavras has never forgotten his roots. “Those who are born Greek,” said the Peloponnese-born filmmaker at a Saturday press conference,  “stay Greek all their lives.” The once-and-always Greek was not just in San Sebastian to [...]

  • Lorene Scafaria, Jennifer Lopez. Lorene Scafaria,

    'Hustlers' Director Lorene Scafaria: 'We Wanted to Treat It Like a Sports Movie'

    The star-studded cast of “Hustlers” didn’t just become strippers in the empowering female-helmed blockbuster — they also became athletes. When speaking to “The Big Ticket,” Variety and iHeart’s movie podcast, at the Toronto Film Festival earlier this month, “Hustlers” director Lorene Scafaria explained the extreme athleticism required of the movie’s leading actresses, who all had [...]

  • Jonathan Van NessLos Angeles Beautycon, Portrait

    Jonathan Van Ness Reveals HIV Diagnosis, Former Drug Addiction

    “Queer Eye’s” Jonathan Van Ness is getting vulnerable in his new memoir “Over the Top.” In a preview of his book with the New York Times, Van Ness opened up about his early struggles with sex and drug addiction as well as his experience with sexual assault, revealing that he was abused by an older [...]

  • 4127_D022_00003_RC(l-r.) Elizabeth McGovern stars as Lady

    Box Office: 'Downton Abbey' Dominating 'Ad Astra,' 'Rambo' With $31 Million Opening

    “Downton Abbey” is heading for a positively brilliant opening weekend after scoring $13.8 million in domestic ticket sales on Friday. If estimates hold, the feature film version of the popular British television show should take home approximately $31 million come Sunday, marking the biggest opening ever for distributor Focus Features and beating previous record holder [...]

  • Gully Boy to represent India in

    'Gully Boy' to Represent India In Oscars Race

    The Film Federation of India has chosen Zoya Akhtar’s “Gully Boy” as its entry in the Academy Awards’ international feature film category. The picture, a coming of age tale about an aspiring rapper in Mumbai’s Dharavi slum premiered at the Berlin film festival in February before opening to a wave of acclaim at home in [...]

More From Our Brands

Access exclusive content