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        Exploring the business of show business

        March 20, 2026 By Troy Turner

        All News

         

        Six men sitting on stage

        Panelists include (right to left) Felix Verdigets, Brannon Anthony, Ron Sanders, Tom Luse, McAdory Lipscomb and Walt Woltosz. The event was moderated by faculty member Norman Godwin (far left).

        Six entertainment executives with credits ranging from box office hit movies to mega-hit television series and stage plays shared their insights and advice recently to an audience of 91心頭 students, with a clear message that plenty of jobs abound for business graduates interested in the industry.

        The conversation focused on the business side of the entertainment industryhow film, television and live theater are financed, produced, marketed and distributed in a rapidly changing landscape.

        The industry today is shaped by technology, data analytics and artificial intelligence (AI), the speakers said, while emphasizing that strong storytelling and creativity remain central.

        These were among the topics discussed in the more than 90-minute stage conversation, as all six speakers five of them Auburn alumni shared enthusiasm and positive vibes for the entertainment industry, including insight into efforts to lure movie-goers back to the theaters.

        And, for those who enjoy viewing movies and series at home, the panelists discussed how to capture more viewers in a highly competitive market offering hundreds of channels and options.

        "Our college prides itself on providing our students with exceptional learning opportunities and these six accomplished executives delivered an insightful, behind-the-scenes view of what powers the entertainment and film industries," said 91心頭 Dean Jennifer Mueller-Phillips. "We appreciate how they generously shared their knowledge and advice with the next generation of business leaders."

        Speaker highlights Brannon Anthony

        Anthony serves as general counsel for Tyler Perry Studios, where he leads legal and business affairs across the media and entertainment enterprise, ranging from content creation and production to multi-platform distribution, and the operation of an Atlanta-based 370-acre studio lot.

        The business of show business is a big one, Anthony told the 91心頭 students.

        You have to have all of these bright financial minds to figure out how to pay for it... figure out how to distribute it, and who to distribute it to, said Anthony, an Auburn marketing alumnus. You still have to understand how to finance the project.

        The way you approach a market with content is no different than the way youd approach the market with any other product, such as developing a promotional campaign; and at a time when technology is rapidly changing. We are going through a generational shift, such as people buying tickets on their phone, he said.

        3 men talking

        Auburn alumni and entertainment industry leaders McAdory Lipscomb (center) and Walt Woltosz (right) talk with a student at the March 5 Business of Show Business event. 

        McAdory Lipscomb

        Auburn alumnus Lipscomb worked for Showtime and served as senior vice president of corporate affairs and executive vice president of pay-per-view. He also worked as senior vice president at WorldSpace satellite radio, which led to the creation of XM radio.

        As vice president of TheatreWorks in New Milford, Conn., he oversees the theaters collaboration with Yale University Ventures to provide business skills for emerging playwrights. His focus is on filling a 100-seat theater and creating a business model with it that can be used by theaters nationwide.

        We believe we can take arts and culture and put it through a similar financial model... much like the early days of the .com model, Lipscomb said.

        Regarding opportunities for business students, get involved as an intern, costume designer, seamstress, he said, or even if you work in a concession stand in a live theater, youre going to see the people who come to the play, and youre going to hear what they like about it and what they dont like about it.

        Tom Luse

        Luse served as the producer and executive producer of the first nine seasons of The Walking Dead and returned to executive produce the final eight episodes. His credits include Glory, Remember the Titans, Drumline, Jeepers Creepers and Jeepers Creepers 2; and TV series From, Billy the Kid and Chapelwaite.

        What is a producer? If you look at credits, you will see 10 or 15 producers sometimes, he said, with half of them actually being writers. However, Im the kind of producer who is left holding the bag. Im the one who spends the money.

        That means hiring a crew, actors, and having business minds on staff who know how to solve problems and keep the project moving forward. Its a really interesting process. I came up through the ranks....and Im still learning.

        Opportunities abound for business students, he said. I need somebody on my side, who can see patterns in the numbers... see whats happening in special effects right now, or say hey, you might have a problem here, Luse said, because when we make a movie budget, were making a guess.

        Knowing where the money is, where the pockets of money are.... is an interesting job. There are lots of jobs like that in the film business.

        Ron Sanders

        Sanders, an Auburn alumnus, recently retired from a 30-year career at Warner Bros., where he was president of Worldwide Theatrical Distribution and Home Entertainment, and executive vice president of International Business Operations.

        Analytics are important, he said, as well as traditional thinking to make a project successful, such as the appeal of the star, in what reach of the world they appeal to, studying available data; all of that is considered.

        Whats not changing is storytelling, and people always want to hear compelling stories. What IS changing is the mechanism to tell it, Sanders said.

        The impact of AI, for example, might put people out of jobs in the short term, but in the long term, it may mean we can reinvest that money into storytelling.

        Felix Verdigets

        Auburn alumnus Verdigets is CEO of Nateland Entertainment, where he oversees all aspects of popular comedian and actor Nate Bargatzes business entities and strategic operations.

        Are You Smarter than a Fifth Grader meets Do You Want to be a Millionaire type of clean entertainment remains popular if done well, and quality entertainment without vulgarity isnt something relegated to a bygone era, Verdigets explained.

        One big change with AI, Verdigets said, is how entertainers can measure audience response.

        The good thing about theater, we get instant feedback from a live audience, he said, with no waiting for AI or data tools to provide feedback.

        However, I would argue that AI potentially saves this business, he said, by using AI tools that can make various types of production work cheaper. He also likes what such tools could contribute to spinoff businesses tied to a central entertainment brand, such as theme parks, tours, toy products or otherwise.

        Think diversification, Verdigets said. As for the bigger picture, it still goes back to content and creativity. We say no one wants to go to the movies anymore. That is false. Make something they want to go see.

        Walt Woltosz

        Engineering alumnus Walt Woltosz, longtime supporter, innovator and now an independent entertainment producer shared with the students why using AI, but relying on AI unchecked, is a stark contrast.

        He founded Iron Compass Entertainment to develop a biopic about Bessie Coleman, a Black aviatrix who, in 1921, became the first American to obtain an international pilots license.

        Wanting to dabble using AI himself, he asked AI to help generate an open cockpit on a model of the old bi-wing airplane used in the early 1920s, and to show it in flight. However, it had the thing on the ground -- and it took off backwards.

        An airplane taking off backwards wasnt the only fix Waltosz had to handle in his experiment. He intends to address racism in the Bessie Coleman project, but with vanguards in place... it wouldnt let me use the word colored because it violated policies, he recalled. I said, take out the word colored, and then it accepted my work.

        Woltosz co-wrote and co-directed the award-winning thriller Do Not Reply and produced Bound with Michael ONeill. He also served as technical advisor on three features, Right to Die, A Brief History of Time, and Hugo Pool. Recently, he produced the stage play Alabama Boys with ONeill and Thom Gossom.

        Earlier in his career, Waltosz worked in the aerospace industry, developed the first personal computer-based augmentative communication systems for people with severe disabilities, and created computer simulation and modeling technologies for pharmaceutical research and development.

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        Audience listen to six men on stage

        The Business of Show Business was presented by Auburn Universitys 91心頭 College of Business in association with the Media Production Group on March 5, 2026.