Agnes Chu

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Condé Nast is shaking up its video and editorial content material construction, with Condé Nast Entertainment president set to depart the corporate amid the adjustments on the finish of this month.

Condé Nast CEO Roger Lynch introduced Chu’s departure in a memo to employees Tuesday.

“From building up our film, television and entertainment business with over 70 projects in development and ten projects in production, to helping grow our digital video audience to a projected 20B annual video views, she has been a valued member of our leadership team these last three years,” Lynch wrote. “Please join me in wishing her all the very best.”

“I am proud to leave Condé Nast Entertainment better than the one I joined,” Chu wrote in a memo of her personal. “By building and stewarding a cultural moment content strategy with our iconic brands, we transformed into a globally diversified media division. New and returning advertisers actively seek the creative quality showcased in our branded entertainment – driving business up 40% year over year – as do new distribution partners and platforms across the entertainment landscape who value our IP and our production of film, television, podcasts and social video. Most importantly, I am proud of the culture we have created together – one of integrity, teamwork and quality results. Thank you for your timeless contributions and relentless commitment to creative excellence.”

Chu joined the venerable publishing big in the summer of 2020 to guide its leisure division, in search of to rework its secure of mental property right into a programming powerhouse. Condé manufacturers embrace Vogue, Wired, The New Yorker and Vanity Fair, amongst others.

She had beforehand labored at The Walt Disney Co., the place she was carefully concerned within the 2019 launch of Disney+ as senior VP of content material.

Lynch stated in his memo that the corporate is creating a brand new organizational construction that can be in place by the top of the yr, combining editorial, branded content material, video, and viewers improvement.

“This will allow our editorial talent to work across all mediums as true digital content experts, enabling these leaders to tell stories and elevate our journalism across all platforms directly,” Lynch wrote. “Details about individual reporting lines are still being finalized and we will update everyone when we have more to share.”

In an interview with The Hollywood Reporter final yr, Lynch defined why the corporate was investing in an leisure division:

“You start with the pretty insatiable demand for high-quality content coming from streaming services. But the emphasis is on high quality. They’re in heavy competition with each other about having the best content,” Lynch stated. “And the biggest constraint is the ideas, the intellectual properties, which is why you see so much of what Hollywood is producing is basically sequels and prequels, bringing back some idea from the ’70s. What we have is a massive treasure trove of IP, and we replenish it every day. And some of that was making its way into film and TV, but not really through us.”

Read Lynch and Chu’s memos, under.

Subject: Bringing our Content Teams Together

Dear all, 

I’m writing to share an organizational replace. Over the final a number of years we’ve labored to raised align our world-class video and editorial groups in order that they’ll produce the very best content material and journalism. Now, we’re able to take the subsequent step, which is able to affirm the place of those groups within the middle of the corporate. 

Before year-end, the members of our top-line management throughout editorial content material, viewers improvement, branded content material and video will transfer into a brand new construction. This will enable our editorial expertise to work throughout all mediums as true digital content material consultants, enabling these leaders to inform tales and elevate our journalism throughout all platforms instantly. Details about particular person reporting traces are nonetheless being finalized and we’ll replace everybody when now we have extra to share.

As a part of these adjustments Agnes Chu can be leaving the corporate on the finish of this month and I need to thank her for her many accomplishments with us. From increase our movie, tv and leisure enterprise with over 70 tasks in improvement and ten tasks in manufacturing, to serving to develop our digital video viewers to a projected 20B annual video views, she has been a valued member of our management group these final three years. Please be part of me in wishing her all the perfect.

Thank you, as at all times, to everybody for all you do for Condé Nast each day.

My finest,

Roger

Note from Agnes Chu, President Condé Nast Entertainment to her group

Sent October 10

Dear Condé Nast Entertainment Team, 

I’m writing with the robust information that I can be leaving the corporate.  

These previous 3 years symbolize a number of the most inspirational experiences of my life – your outstanding creativity, vitality and teamwork drive the storytelling that outline us as human beings and as a tradition, and I’m deeply happy with what now we have achieved collectively. 

Around the world, our creativity fuels dialog and neighborhood. The New Yorker brand now graces the silver display screen with 7 Academy Award nominations and counting. Along with Vanity Fair Studios’ Secrets of Hillsong on FX/Hulu and premieres of The New Yorker Studios’ Cat Person, Vogue Studios’ LEE, Invisible Beauty and John Galliano: High and Low up to now yr alone, now we have 8 movie and tv tasks in lively manufacturing throughout our iconic manufacturers. Our award-winning Bon Appetit’s Dinner SOS will have fun dwell onstage subsequent week, a part of our revived audio slate that has delighted listeners, yielding 48% progress in downloads since our new programming technique. 

In the final 9 months on YouTube, Instagram and TikTok, we engaged new Gen Z audiences with our storytelling affect, scaling our natural video community views almost 20% extra thus far this yr with 16B+ views in 9 distinct languages throughout our manufacturers. Audiences additionally swiped into the cultural dialog with our world Vogue’s Met Gala, Vogue World, and Vanity Fair Oscars livestreams and always-on content material, delivering 1.2B views. 

I’m proud to depart Condé Nast Entertainment higher than the one I joined. By constructing and stewarding a cultural second content material technique with our iconic manufacturers, we remodeled right into a globally diversified media division. New and returning advertisers actively search the inventive high quality showcased in our branded leisure – driving enterprise up 40% yr over yr – as do new distribution companions and platforms throughout the leisure panorama who worth our IP and our manufacturing of movie, tv, podcasts and social video. Most importantly, I’m happy with the tradition now we have created collectively – one in every of integrity, teamwork and high quality outcomes. Thank you on your timeless contributions and relentless dedication to inventive excellence.

I’d additionally wish to thank Roger Lynch, Anna Wintour, David Remnick and all of the editors for his or her belief. I’ll proceed to be a lifelong fan of the journalism and the leisure from the most effective and brightest minds at Condé Nast. 

Agnes