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Wiip CEO Paul Lee on How Streaming Deals are Evolving and Why the Industry Needs a Better ‘Mechanism’ to Pay Creatives

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variety.com

Cynthia Littleton Business Editor From Paul Lee’s perspective, the streaming boom that led Hollywood to binge on original content has evolved significantly during his half-dozen years as CEO of production company Wiip.

Over the past year, the industry has been through “a moment where the streaming revolution went from a land grab to ‘This land needs to be fertile,’ ” Lee says on the latest episode of Variety podcast “Strictly Business.” Lee spent a dozen years at Disney, rising to become head of ABC Family and later head of ABC Entertainment and ABC Studios.

He’s mostly kept a low profile since launching Wiip in partnership with CAA in 2016. In its short life, Wiip has scored with such series as HBO’s “Mare of Easttown” and “The White House Plumbers,” Amazon Prime Video’s “The Summer I Turned Pretty,” Apple TV+’s “Dickinson,” FX’s “Pistol” and more to come.

In June 2021, South Korea’s JTBC Studios acquired a majority stake in Wiip after CAA was forced to divest its stake in the company as part of its settlement of the packaging fee battle with the Writers Guild of America.

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