Disney+ content chief Agnes Chu is leaving the Mouse House to head up Condé Nast Entertainment’s video push. Chu, who was SVP, content for the nascent streamer, is set to become president of the publishing company’s studio and distribution division. She joins in September and reports to Condé Nast CEO Roger Lynch.
Condé Nast’s 6-year-old entertainment video division, Conde Nast Entertainment, has 35 feature film and 30 TV projects in development and production. CNE overall is on track to be profitable this year, says its president, Dawn Ostroff. Its digital division, where CNE functions as both a producer and distributor of video, has been profitable since last year. Digital still accounts for a majority of CNE’s revenues, but that’s expected to change in the next five years as the feature film and TV business picks up, Ostroff says.
Media buyers (or those not cool enough to get private demos) are getting their first look at The Scene — Condé Nast Entertainment’s ambitious new video hub. Along with CNE’s own content — produced by growing digital departments within Glamour, GQ, Vogue, Wired, Bon Appétit, Brides, and the like — The Scene is serving as a video distribution platform for ABC News, Buzzfeed, Major League Soccer, Variety and Weather Channel Films, among others.
For many years, Conde Nast, publisher of magazines from Vogue to The New Yorker, resisted the opportunity to push its brands into media such as TV, but all that has changed with the company’s appointment of former CW head Dawn Ostroff as president of Conde Nast Entertainment.
Former CW entertainment chief Dawn Ostroff has been named president of Conde Nast Entertainment effective immediately. She will be responsible for development, creation, production and distribution of original television, film and digital initiatives based on the company’s brands.