MGM

Posted on April 8, 2013 by Lyndsey Lombard

by Lyndsey Lombard

Image courtesy of articles.latimes.com

10250 Constellation Blvd. Los Angeles, CA 90067 310.449.3000 / www.mgm.com

A Brief History

MGM (Metro-Goldwyn-Mayer) Studios is an American media and entertainment company that produces and distributes films and television programs. It was founded in April 1924 and has been producing classic films since then such as “Rocky,” “West Side Story,” and “The Wizard of Oz.” While the company has not been producing as many movies independently after coming back from bankruptcy in 2010, it still is responsible for distributing many recent popular films [1]. MGM currently has a distribution deal with Sony Pictures Entertainment, which allowed it to distribute the most recent Bond movie, “Skyfall” [2]. Some of the current films MGM has co-produced are “The Hobbit,” “21 Jump Street,” and “Hansel and Gretel.”

Key Figures

Image courtesy of aceshowbiz.com

Gary Barber is Chairman and CEO of MGM, Inc. and has held this position since October 2012. Previously, he served as Co-Chariman and CEO since December 2010 alongside Roger Birnbaum. Barber and Birbaum founded Spyglass Entertainment together in 1998 [3]. With Barber’s help, MGM has been able to make a strong comeback after declaring bankruptcy in 2010.

Image courtesy of latimesblogs.latimes.com

Ken Schapiro took on the title of Chief Operating Officer in February 2011. He was previously the co-founder of the private investment management company, Qualia Capital LLC [3].

Image courtesy of www.hollywoodreporter.com

As President of the Motion Picture Group, Jonathan Glickman, is in charge of the production and development of all MGM films. He too has a successful history prior to this position at Spyglass Entertainment [3].

Financials

The future is looking up for MGM post-bankruptcy. After MGM acquired Carl Icahn’s stake for $590 million in July 2012, the company went public [4]. According to the 2012 year-end results, revenue was up 97% over 2011. They reported total revenue of $1.38 billion, which was an increase of $681 million from the prior year.

“Skyfall” and “The Hobbit: An Unexpected Journey” landed MGM with two films in the top 15 of box office history. These two films also gave MGM the title of being the only studio to have two back-to-back films make $1 billion at the box office.

Image courtesy of imdb.com

“Skyfall” was named the biggest James Bond release of all time and also the biggest film in the UK by crossing the £100 million mark.

The total home entertainment revenue of 2012 was greater than that of 2011 even though no new titles were released. The fourth quarter was extremely strong with $96 million in revenue, which shows how successful the promotions for James Bond 50^th anniversary were. The worldwide home entertainment generated a total of $195 million, which was $1 million more than the prior year.

The worldwide television licensing revenue generated a total of $395 million, which was also a large increase by $23 million from the prior year.

The 2012 Adjusted EBITDA showed a 48% increase to $286 million. It was adjusted due to revenue growth. The revenue growth was so substantial that it offset the increase in marketing, distribution, and operating expenses [5].

Recent Releases

Image courtesy of www.comingsoon.net

Trailer: http://www.youtube.com/watch?v=TB11JlyjmkE

Hansel & Gretel: Witch Hunters was released January 25, 2013 and directed by Tommy Wirkola. MGM co-produced it with Paramount. It is a twist on the children’s fairy tale, Hansel & Gretel. In the movie, Hansel and Gretel are all grown up and now bounty hunters that kill witches. It was released in 3D and IMAX. The movie made $19 million in its opening weekend and $219 million total worldwide. It made a lot more money overseas than domestically. Its production budget was $50 million [6]. Hansel & Gretel will be released on Blu-ray and DVD on June 11, 2013.

Image courtesy of www.comingsoon.net

Trailer: http://www.youtube.com/watch?v=QLR3HrV71yM

G.I. Joe: Retaliation was released March 29, 2013 and directed by Jon M. Chu. This is the third movie out of the series and it starred new cast members such as Dwayne “The Rock” Johnson and Bruce Willis. It was #1 its opening weekend making $40 million. Its total worldwide gross is $231 million so far. Its production budget was $130 million. This movie was also released in 3D and IMAX [6].

Upcoming Films

Image courtesy of imdb.com

Trailer: http://www.youtube.com/watch?v=H369sxjyhx8&feature=player_embedded

Carrie is an upcoming horror film that is the third adaptation of the Stephen King’s 1974 novel, Carrie. The film is co-produced by MGM and Screen Gems. It stars Chloe Moretz and Julianne Moore. The release date is set for October 18, 2013. With this release, MGM and Screen Gems are hoping to stay as close to the original novel’s storyline. Their current promotion for the movie is extremely original. At the end of the trailer, they provide you with a toll free number to call, which plays back a scene with the characters.

Future MGM Films

There is definitely a trend of adaptations and remakes in MGM’s upcoming film releases. Two other upcoming releases are “RoboCop,” which is set to release February 7, 2014, and “Hercules: The Thracian Wars,” which is set to release August 8, 2014.

Image courtesy of www.comingsoon.net

“RoboCop” is a science fiction action film that will feature Samuel L. Jackson, Michael Keaton, and Gary Oldman. It is a remake of the original 1987 film. José Padihla, a Brazilian film director, who has not released a feature film in the U.S. yet, will direct it [7].

“Hercules: The Thracian Wars” will feature Dwayne “The Rock” Johnson as Hercules in this adaptation of the Radical Studios graphic novel from 2008. Its main competition in the box office will be Disney/Marvel’s “Guardians of the Galaxy,” which is set to release a week prior. If this movie is successful, it could lead to another franchise for MGM [8].

More recently MGM has teamed up with GK Films to develop a new Tomb Raider franchise based on the Lara Croft video game franchise. The two original films from 2001 and 2003 that starred Angelina Jolie grossed $432 million worldwide so MGM hopes to achieve the same success [9].

Image courtesy of www.filmofilia.com

“The Hobbit” trilogy was confirmed in a MGM news release this past February. The second film, “The Hobbit: The Desolation of Smaug” was given a December 13, 2013 release date and the third film, “The Hobbit: There and Back Again,” was officially given the release date of December 17, 2014. The first film in the trilogy did so well that they hope the success will follow throughout. MGM is co-producing these films 50/50 with New Line Cinema [10].

With all of these plans in place, MGM’s future looks strong and successful.

Sources

1. MGM History

2. Sony Pictures Deal

3. MGM Today

4. Carl Icahn sells stake in MGM

5. MGM 2012 Year-End Results

6. Box Office Mojo

7. RoboCop Release

8. Hercules Release

9. Tomb Raider Franchise Announcement

10. The Hobbit Trilogy Announcement

Cumulus

Posted on April 8, 2013 by Joshua Campbell

by Josh Campbell

Cumulus Media, Inc.

3280 Peachtree Road, NW Suite 2300
Atlanta, Georgia 30305
TEL. (404) 949-0700
FAX. (404) 949-0740 [1]

Cumulus Media Logo [2]

1.0 Company Overview

Cumulus Media Inc. is the largest “pure-play” radio company in the United States, with roughly 550 stations in 110 cities, including major markets such as San Francisco, Houston, and Dallas. [3][4] Cumulus Media also operates Cumulus Media Networks, a network with over 4,500 radio affiliates to which Cumulus provides content [5]. Cumulus Media Networks syndicates talk shows by popular personalities like Dr. Sanjay Gupta, Mike Huckabee, Michael Savage, and Geraldo. [6] In addition to its radio holdings, Cumulus Media also owns SweetJack, a daily deals service similar to Groupon. [7] Cumulus is using its extensive radio network to market the relatively new SweetJack. [8]

2.0 Key People

Lewis W. Dickey [10]

Chairman, President, and CEO–Lewis Dickey: Lewis W. Dickey received his bachelor’s from Stanford University, and an MBA from Harvard University. In addition to serving in his current capacity at Cumulus Media, Mr. Dickey is also on the Board of Directors of the North American Broadcasting Co. and National Association of Broadcasters. [9]

Director–Alexis Glick: Alexis Glick received her bachelor’s degree from Columbia University and was previously employed as a Principal by CNBC, Inc., and as Vice President of Fox Business Network. [11]

3.0 Financials

3.1 Income Statement [12]

(2012): Revenue: $1,076,600,000 (+51.67%)

Gross Profit: $415,100,000 (+51.13%)

(2011): Revenue: $520,000,000 (+54.50%)

Gross Profit: $203,700,000 (+54.39%)

(2010): Revenue: $236,600,000 (-8.12%)

Gross Profit: $92,900,000 (+2.69%)

Cumulus Media has had several good years, with both revenue and gross profit rising by roughly fifty percent in 2012 and 2011. Much of this increase is likely due to a number of acquisitions that Cumulus has made recently, most notably its takeover of Citadel Broadcasting Corporation. [13] Cumulus is doing well when compared with what is arguably its biggest competitor, Clear Channel. Clear Channel Communications (CCC), while dwarfing Cumulus in revenue, earning $6,246,884 in 2012, lost money last year, pulling in a net income of -$425,500,000. [14]

3.2 Stock History and Target

Cumulus Media (NASDAQ: CMLS) started the year 2013 at 2.66, and has since risen to 3.28 as of April 5, 2013. On April 9, 2012, approximately this time last year, Cumulus Media was traded at 3.32. [15] This shows CMLS stock to be relatively stable in the long term, though there were some fluctuations in the short term. On November 27, Cumulus dipped to 2.16, its low point of this past year (Apr 2012-Apr 2013). Cumulus Media’s target for the end of the year 2013 is a stock price of 4.00. [16]

As a comparison, Clear Channel Communications (OTCBB: CCMO) is currently traded at 2.80. CCC’s stock price has decreased from a year ago, when it was traded at roughly 5.25. Over the past year, Clear Channel’s stock price has fluctuated to a far greater extent than that of Cumulus Media, hitting a high of 6.2 in late April and a low of 1.2 in late July [17]

4.0 Recent Activity

4.1 January

The beginning of 2013 saw legendary New York DJ Don Imus’s old contract with Cumulus expire. However, the well-known personality stayed on the air under new conditions specified in a deal inked with Cumulus in mid-December of 2012. [18]

Nash 94.7 Logo [23]

Possibly the company’s most publicized decision this year, the purchase of WFME from Family Stations for $40,000,000 allowed Cumulus to rebrand the previously religious station as NASH 94.7, a country music station–the first to serve the major New York City area in many years. [19][20] The station has proven that there was a latent market in NYC for country music; by March, NASH was already averaging 1 million listeners each week. [21] Cumulus CEO Lew Dickey has stated that he hopes NASH 94.7 will be just the start of a “multimedia entertainment brand” including not only radio, but also television, online, and publishing. He stated that this will help draw advertisers to the brand by offering one stop shopping for cohesive advertising on all platforms. [22]

4.2 February

Cumulus Media Networks signed a deal to distribute college football broadcasts by Gino Torretta, a former college athlete who currently provides play-by-play and commentary on a college football game each week. [24]

4.3 March

In March, 2013, Cumulus Media had its earning call for Q4 2012, which showed the net income of the company dip slightly, as many analysts had predicted. [25][26][27] Despite this, the stock price of Cumulus Media did not decrease significantly. [28]

4.4 April

In April, 2013, it was reported that the Senior Vice President, Treasurer, and CFO of Cumulus Media, Joseph P. Hannan, purchased 25,000 shares of Cumulus stock at the market price of $3.30 per share. This most recent purchase increases his total holdings in the company to 70,943 shares. [29] Insiders in Cumulus Media tend to buy CMLS stock in far greater quantities and with far greater frequency than competing company’s executives buy their respective company’s stock. This is seen as a good sign by many analysts. [30]

5.0 Future Plans

Lewis Dickey, the CEO of Cumulus Media, recently conducted a series of interviews with Bloomberg TV about the future of Cumulus Media and of the radio industry in general. Mr. Dickey was excited about the future of SweetJack, the previously mentioned daily deals service that Cumulus Media just started offering. Cumulus is optimistic about the future of SweetJack, believing that the “daily-deals” style business model is essentially a sound one. Cumulus has partnered with Clear Channel to air ads for SweetJack on the latter’s stations as well as Cumulus’s own affiliates. [31]

Cumulus hopes SweetJack will allow them to tap into the daily deals market [35]

Dickey also stated that he believes the radio industry is headed towards more consolidation of ownership, made possible by the Telecommunications Act of 1996. Responding to that trend in the industry, Cumulus is planning new acquisitions in the near future. [32] Cumulus industry has been keen on acquiring stations in the past, having orchestrated over 150 acquisitions since their founding in 1997, including the 2011 buyouts of Cumulus Media Partners, LLC and Citadel Broadcasting, which added 32 and 225 stations to Cumulus’s total amount, respectively. [33][34]

The future looks bright for Cumulus Media; The estimated earnings growth for the next fiscal year for Cumulus, at 83.9% are the highest among several large communications companies, including Discovery Communications, Scripps Communications, and CBS. [36][37]

Sources:

[1] http://www.cumulus.com/contact-us/

[2] http://www.allaccess.com/assets/img/editorial/raw/cu/cumulus2011.JPG

[3] http://www.cumulus.com/local-radio-2/

[4] http://www.cjr.org/resources/?c=cumulus

[5] http://www.cumulus.com/cumulus-media-network/

[6] http://affiliates.cumulusmedianetworks.com/

[7] http://www.sweetjack.com/local/

[8] http://www.clarkhoward.com/news/clark-howard/shopping-retail/sweetjack-heats-daily-deal-marketplace/nF3qr/

[9] http://quotes.wsj.com/CMLS/company-people/executive-profile/115649131?mod=WSJ_qtpeople_dir#less

[10] http://sportsrantz.com/media/files/2012/10/Dickey.png

[11] http://quotes.wsj.com/CMLS/company-people/executive-profile/66954?mod=WSJ_qtpeople_dir#less

[12] http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=CMLS&dataset=incomeStatement&period=A&currency=native

[13] http://www.businesswire.com/news/home/20110916005528/en/Cumulus-Media-Announces-Completion-Acquisition-Citadel-Broadcasting

[14] http://edgar.secdatabase.com/1389/73970813000003/filing-main.htm

[15] http://www.dailyfinance.com/quote/nasdaq/cumulus-media-inc/cmls“`

[16] http://www.nasdaq.com/symbol/cmls#.UWJhJavwL-s

[17] http://www.otcbb.com/asp/Info_Center.asp?symbol=ccmo

[18] http://mediadecoder.blogs.nytimes.com/2012/12/11/don-imus-signs-a-3-year-extension-for-his-radio-show/?ref=cumulusmediainc

[19] http://www.radioink.com/Article.asp?id=2602813&spid=24698

[20] http://www.allaccess.com/net-news/archive/story/114116/done-deal-cumulus-closes-on-wfme

[21] online.wsj.com/article/SB10001424127887323605404578382622285255296.html?KEYWORDS=cumulus+media

[22] http://www.youtube.com/watch?v=Kay-KNEIh38

[23] http://www.mediabistro.com/fishbowlny/files/2013/01/Nash947.jpg

[24] http://www.allaccess.com/net-news/archive/story/115585/cumulus-media-networks-to-distribute-touchdown-rad

[25] http://www.rttnews.com/2078870/cumulus-media-q4-loss-widens.aspx?type=bn

[26] http://www.dailyfinance.com/2013/03/13/what-does-wall-street-see-for-cumulus-medias-q4/

[27] http://seekingalpha.com/article/1284161-cumulus-media-s-ceo-discusses-q4-2012-results-earnings-call-transcript

[28] http://finance.yahoo.com/q?s=CMLS

[29] http://www.allaccess.com/net-news/archive/story/117089/cumulus-media-cfo-buys-25-000-shares-of-company-st

[30] http://www.nasdaq.com/article/cumulus-media-reports-cfo-buy-cm233440#.UWJ1OKvwL-s

[31] http://www.bloomberg.com/video/82123364-dickey-says-radio-industry-is-fragmented.html

[32] http://www.bloomberg.com/video/92870009-cumulus-planning-more-acquisitions-ceo-dickey-says.html

[33] http://www.businesswire.com/news/home/20110131007293/en/Cumulus-Media-Enters-Agreement-Acquire-Cumulus-Media

[34] http://www.forbes.com/2011/03/10/cumulus-media-to-acquire-citadel-broadcasting-marketnewsvideo.html

[35] http://nikigsbootcamp.com/wp-content/uploads/2011/11/sweetjack.jpg

[36] http://www.fnno.com/story/fast-lane/331-cumulus-media-has-highest-future-earnings-growth-broadcasting-industry-cmls-disca-cbs-auto-generated

[37] http://www.mysmartrend.com/news-briefs/news-watch/cumulus-media-has-highest-future-earnings-growth-broadcasting-industry-cmls–3

Discovery Communications

Posted on April 8, 2013 by Whembley Sewell

by Whembley Sewell

Logo for Discovery Communications [1]

CONTACT:

One Discovery Place

Silver Spring, MD 20910

http://corporate.discovery.com/

COMPANY OVERVIEW & INFLUENCERS:

President and CEO David Zaslav [14]

Discovery Communications is the leading creator of non-fiction media content in the world.[2] Since its founding in 2005, Discovery’s influence has grown to span over 200 countries across multiple different media platforms.[3] Under the leadership of CEO and President David Zaslav, the company has been experiencing many successes, in the realms of both finance and popularity. The company’s stock has increased 51.1% since the previous year,[13] viewership for their various channels have been at all-time highs with an estimated 1.7 billion subscribers.[15] New ventures are also beginning to break even and gain a strong foothold within the world of cable television.

HOLDINGS & MAJOR SUCCESSES:

From websites, to various cable channels, to magazines, Discovery Communications does it all. Their dedication to providing both entertaining, yet educational and informative content, factor into their overall success with their audiences. They produce material on each of their sites and channels that have worked to generate a large following and strong ratings. Each one of Discovery Communications’ holdings has a loyal group of viewers that are drawn in day and day out by the unique content that Discovery creates.

Logo for Discovery Channel [12]

One of their most notable holdings includes the channel bearing their name, The Discovery Channel. Since its founding in 1985, it has served the purpose of exposing viewers to the inner workings and complexities of the world, be it subjects including technology, history, or science. The Discovery Channel has stationed itself as “the number one media and television brand in overall quality”, providing its audiences with content featuring top of the line cinematography. Some of the programs that are popular now include Deadliest Catch and MythBusters.

A poster for TLC’s hit show “Toddlers & Tiaras” [10]

The Learning Channel, or TLC also stands out amongst Discovery Communications as a heavy-hitter in the world of cable programming. In 1991, when Discovery acquired TLC for $31.5 Million, they used the opportunity to launch more reality programming. Early programs like “Trauma in the E.R” paved the way for other successful reality shows like “Trading Spaces” and “What Not to Wear”. Now, TLC is churning out multiple hit shows like “Jon & Kate, Plus 8”, “Toddlers & Tiaras”, “DC Cupcakes,” “Cake Boss”, and the craze that is “Here Comes Honey Boo Boo”.[9] Though shows like “Toddlers & Tiaras” and “Here Comes Honey Boo Boo” draw in some negative criticism from viewers, many of these non-fiction series and their respective casts have become “worldwide phenomena” that continuously draw ever broadening audiences in to the programming that Discovery Communications has to offer.

CURRENT VENTURES:

Logo for Revision3 [16]

In 2012, as an attempt to cater to the “internet generation”, Discovery Communications acquired Revision3. All of its content exists on Revision3.com, but it can also be viewed on a television. Their also features programming features content that can be accessed on various different mobile devices, and can be found across the internet on sites like YouTube, Dailymotion, and Metacafe. It is estimated that Revision3 rakes in about 23 million viewers, all looking to enjoy the network’s shows about technology, modern culture, and music amongst many other things.[7] Though the site and its extensions rake in an estimated 80 million views monthly, efforts are being made to improve these numbers. In order to increase the popularity amongst their target demographic, Revision3 recently launched an XBOX360 app for easy access. This will allow them to reach over 70 million people,[11] and aligns them with other over the top video services such as Netflix, Hulu, and HBOGO.

Release poster for 3Net [20]

3Net is a revolutionary concept created by world class teams at Discovery and leading studios Sony, and IMAX.[18] The entire channel serves the purpose of creating top of the line, three-dimensional content. 3Net, released in early 2011 and fully launched in late 2012, is now functioning as the first and the only 24/7 3D network.[17] Its unique position as the first channel of its kind allows 3Net to have established one of the “most extensive” libraries of 3D content in the entire world.[19] It has something for everyone, offering a wide range of programming in every genre, be it documentary, action, lifestyle, cuisine, kids and family, or travel.[17] Even though it in its infancy, this network has been well received and has acquired a base of approximately 40 million viewers already. Their distribution affiliates have grown to include companies like DIRECTV, Comcast, and Netflix.[21] In order to provide their increasing influence and generate even more widespread appeal, 3Net has been looking to create the highest quality content. In the works is the development of 4K and UltraHD programming that will provide 3Net’s audience with best grade of entertainment possible.[21]

Promotional poster for the release of Oprah Winfrey’s network, OWN [6]

One of Discovery’s most recent and notable ventures is that of OWN, or Oprah Winfrey Network. OWN, a network with a very female-centric focus, has allowed Discovery Communications to market on Oprah Winfrey’s massive audience and has used Winfrey’s widespread appeal to launch extensions of the world reknown Oprah Winfrey show. Shows such as “Oprah’s Next Chapter”, “Oprah’s Lifeclass”, and “Oprah’s Masterclass” all utilized Winfrey’s fame to springboard her entire network. [4] Unfortunately, OWN was off to a rocky start and its potential for success was questioned early on. After starting with losses of $330 Million and upwards, rumors flew that the network would be quickly axed.[5] Fortunately, Winfrey has recently partnered with other heavy-hitters like Tyler Perry to produce new and diverse releases to draw in bigger audiences. [4] New shows debuting in May, like Perry’s “The Haves and the Have Nots” and “Love They Neighbor”, are OWN’s first ventures into scripted series, which hopefully will help them to bring in more viewers and compete with other networks with largely female audiences like Bravo and Lifetime.[8]

WORKS CITED:

[1] http://media.corporate.discovery.com/blog/wp-content/uploads/2012/04/DISC-COMM-pos-4c.png

[2] http://corporate.discovery.com/our-company/overview/

[3] http://www.reuters.com/finance/stocks/companyProfile?symbol=DISCA.O

[4] http://www.oprah.com/own

[5] http://www.dailymail.co.uk/news/article-2140773/Oprahs-OWN-network-Losses-approach-330m-amid-predictions-axed-year.html

[6] http://www.mediabistro.com/prnewser/files/2011/01/OWN.jpg

[7] http://corporate.discovery.com/brands/revision3/

[8] http://online.wsj.com/article/SB10001424127887324391104578225750715281798.html

[9] http://www.businessinsider.com/history-of-tlc-from-learning-channel-to-honey-boo-boo-2012-11?op=1

[10] http://www.canadianfreestuff.com/wp-content/uploads/2012/07/Toddlers-300×225.gif

[11] http://www.reelseo.com/revision3-xbox-360-perfect-match/

[12] http://www.vivatv.ro/wp-content/uploads/2011/12/discovery-channel-logo.jpg

[13] http://www.deadline.com/2013/04/discovery-david-zaslav-2012-compensation-salary/

[14] http://www2.pictures.zimbio.com/gi/Summer+TCA+Tour+Day+3+Di10W00Q6aql.jpg

[15] http://www.reuters.com/finance/stocks/companyProfile?symbol=DISCA.O

[16] http://media.corporate.discovery.com/blog/wp-content/uploads/2012/08/revision3-logo.jpeg

[17] http://press.discovery.com/us/3n/info/

[18] http://corporate.discovery.com/brands/us/3d-network/

[19] http://www.3net.com/about

[20] http://www.adweek.com/files/cable.3NET_SONY.ad.jpg

[21] http://corporate.discovery.com/discovery-news/3net-marks-second-anniversary-dramatic-growth-cons/

Weinstein Company

Posted on April 8, 2013 by Shawn Namet

by Shawn Namet

The Weinstein Company logo

History

Bob and Harvey Weinstein, the founders of Miramax, launched The Weinstein Company in October 2005. The studio handles the production and distribution of films as well as production of television content. Weinstein Company films took home the Academy Awards for Best Picture in 2011 and 2012, for The King’s Speech and The Artist, respectively. The Weinstein Company also owns Dimension Films, a label started by Bob Weinstein in 1993, which has produced films like Scream and Scary Movie. [1]

Key Executives

Harvey Weinstein
Courtesy of The Hollywood Reporter

Harvey Weinstein founded Miramax in 1979 with his brother Bob Weinstein. The two have been nominated for 303 Academy Awards between them, 75 of which they have won. [2]

Bob Weinstein
Courtesy of the New York Post

Bob Weinstein established Dimension Films in 1993 while still at Miramax. The Dimension Films label specializes in science fiction, action, and horror films like Piranha, Grindhouse, and Sin City, as well as family films like Spy Kids. [3]

Financials

After finishing 2012 in eighth place among film distributors with a 2.4% market share, the Weinstein Company has moved up to second place with a 12.1% market share as of April 4, 2013. The smaller independent studio beat out most of the major studios in box office grosses for the first quarter with $282.4 million in revenue, up from $75.6 million at the same time last year. The lead may not hold, however, since the upcoming Summer season of blockbuster action films like Iron Man 3 is sure to give larger studios a boost that could take them the top of the box office rankings. The studio climbed the list thanks to high grosses from Silver Linings Playbook and Django Unchained, which also garnered critical acclaim and numerous Oscar nominations. [4] [5] [6]

Recent Film Releases

Silver Linings Playbook

Courtesy of The Weinstein Company

Director David O. Russell’s Silver Linings Playbook, adapted from a book by Matthew Quick, is the story of Pat Solitano, a man struggling with bipolar disorder who is released from his court ordered stay in a mental institution and attempts to put his life in order and win back his wife. Pat then meets the recently widowed Tiffany, who convinces him to compete in a dance competition as a way to prove himself to his wife. [7]

Silver Linings Playbook began its theatrical run in a limited release in only 16 theaters, but would eventually spread across the country to play in more than 2,800 theaters in its twelfth week. [8]

The film has made a total domestic gross of almost $130 million on a budget of just $21 million, and received an average review score of 81 out of 100, representing universal acclaim from major film critics, according to review aggregator Metacritic. The film went on to receive eight Academy Award nominations, including Best Picture, and won lead actress Jennifer Lawrence her first Oscar. [6] [8] [9]

Django Unchained

Courtesy of the Weinstein Company

The latest in a series of director Quentin Tarantino’s collaborations with the Weinstein Company, Django Unchained, follows a slave, Django, who is freed and recruited by bounty hunter Dr. King Schultz. The pair track down and attempt to rescue Django’s wife at a plantation owned by the brutal Calvin Candie.[10]

Tarantino’s first foray into the western genre made $30 million dollars for it’s Christmas release, and went on to gross a total more than $162 million domestically. Like Silver Linings, Django received universal acclaim on Metacritic with an average review score of 81 out of 100. The film received five Academy Award nominations, winning in both the Original Screenplay category as well as the Supporting Actor category for Christoph Waltz’s performance as Dr. Schultz. [11] [12] [6]

Despite the critical and commercial success of Django Unchained, the picture drew criticism for the consistent use of racial slurs in the film’s dialogue. Director Spike Lee was especially outspoken on the issue. Controversy does not appear to have harmed the film’s box office revenues or Oscar hopes, and in fact brought the film more publicity and visibility in the news media. [13]

Upcoming Projects

Big Eyes

Tim Burton
Courtesy of Biography.com

The Weinstein Company is in the process of completing a deal to fund and distribute the next film from popular director Tim Burton, titled Big Eyes. The film is based on the true story of Walter and Margaret Keane, a couple who found success in creating some of the first mass marketed artwork, selling their paintings through retailers across the United States until their partnership and marriage bitterly ended. Christoph Waltz and Amy Adams are set to star.

Many of Burton’s recent films have been highly successful at the box office, with his film Alice in Wonderland grossing over $334 million domestically. Given Burton’s current popularity and the dedicated fan base he has gathered, Big Eyes could be a boost for the studio, even though the subject matter may not lend itself to a large scale event film like Alice. [14] [15]

Early Oscar Contenders

The Weinstein Company has already begun laying out release dates for some of its Oscar hopefuls, focusing on the traditional year end award season. The first will be August: Osage County, a dark comedy with an ensemble cast including Meryl Streep, Sam Shepard, and Julia Roberts. The studio has also acquired the distribution rights to Sundance Film Festival Grand Jury and Audience Award, Fruitvale, which is also likely to be an awards contender.

Nicole Kidman as Grace Kelly in “Grace of Monaco”
Courtesy of guardian.co.uk

In recent months the company has also announced acquisition of United States distribution rights for two high-profile biopics that are likely to garner nominations in acting categories. The Weinsteins will distribute Grace of Monaco, starring Nicole Kidman as classic Hollywood actress Grace Kelly, as well as Mandela: Long Walk to Freedom, which will star Idris Elba as South African president and apartheid activist Nelson Mandela. [16]

Coming Soon

The Weinstein Company has begun promoting Only God Forgives, starring Ryan Gosling. A May 2013 release date has been announced for France, hinting at a showing at the Cannes Film Festival. [17]

The studio’s next film to release will be Scary Movie 5, the newest installment in the horror parody franchise. The film is expected to draw in an established fan base, and advertisements show a focus on cameos from celebrities like Charlie Sheen and Lindsay Lohan. [18]

Sources

[1] About the Weinstein Company

[2] About Harvey Weinstein

[3] About Bob Weinstein

[4] Box Office Mojo – Studio Market Share

[5] Hollywood Reporter – Box Office Report

[6] Cinema Blend – Oscar Nominations and Winners

[7] IMDb -Silver Linings Playbook

[8] Box Office Mojo Silver Linings Playbook

[9] Metacritic – Silver Linings Playbook

[10] IMDb – Django Unchained

[11] Box Office Mojo – Django Unchained

[12] Metacritic – Django Unchained

[13] LA Times – Django Unchained controversy rages on

[14] Deadline – Tim Burton to direct ‘Big Eyes’

[15] Box Office Mojo – Alice in Wonderland

[16] Indiewire – Weinstein Company sets Oscar release dates

[17] Latinos Post – Cannes Film Festival predictions 2013

[18] Scary Movie 5 website

Spyglass Entertainment

Posted on April 8, 2013 by Hadley Rosenbaum

SPYGLASS ENTERTAINMENT

by Hadley Rosenbaum

Courtesy of Spyglass

245 N Beverly Dr

Beverly Hills, CA 90210

Tel: 1 310 443 5800

Fax: 1 310 443 5912

History/Overview

Spyglass Entertainment, LLC is an American Film and Television production company that was co-founded by Roger Birnbaum and Gary Barber in 1998. European media giants, Kirch Group in Germany, and Mediaset in Italy, were the founders of Spyglass and agreed to invest for 5 years in the films that were produced in the studio. The deal was estimated to be worth $250 million (1). This deal was backed by The Walt Disney Company, and they aimed to produce around 3 to 5 movies a year through “a combination of studio money, global alliances with international distributors and media companies, and backed by a large financial institution”(2). Cerberus Capital Management currently owns the company.

Key Figures (3)

CO-Founders of Spyglass Entertainment

Gary Barber- Co-Chairman

Courtesy of Spyglass Entertainment

Gary Barber is the co-founder of Spyglass Entertainment along with his partner Roger Birnbaum. He has produced and executive produced a handful of films and he has run many entertainment businesses, including production, music, foreign distribution etc. He is a true mastermind of the entertainment business. Before Spyglass, Barber was the Vice Chairman and Chief Operating Officer of Morgan Creek, which is another American production studio. Even before Morgan Creek, Barber was the President of Vestron International Group, which focused on home video distribution. Barber received his college degrees fro the University of Witwatersrand in South Africa. Mr. Barber was named Co-Chairman and Chief Executive Officer of Metro-Goldwyn-Mayer Inc. in December 2010, but he continues to serve as Co-Chairman of the Board of Spyglass.

Roger Birnbaum- Co-Chairman

Roger Birnbaum is the co-founder of Spyglass Entertainment along with his partner Gary Barber. Birnbaum started his career as Vice President of Arista Records and A&M Records before starting his career in the film industry. Before he co-founded Spyglass Entertainment, Birnbaum co-founded Caravan Pictures, where he helped to produce

Courtesy of Spyglass Entertainment

many box office hits like “Rush Hour,” “Inspector Gadget,” “ “The Three Musketeers,” “Angels in the Outfield” and “While You Were Sleeping.” Even before working at Caravan, Birnbaum was the President of Worldwide Production and Executive Vice President of Twentieth Century Fox, where he helped produce a multitude of great films, like“Home Alone,” “Sleeping with the Enemy,” “Edward Scissorhands,” “My Cousin Vinny,” “The Last of the Mohicans,” “Die Hard 2” and “Mrs. Doubtfire,” among others. Lastly, prior to that, Birnbaum was President of Production for United Artists, where he helped to develop and produce the Oscar winning film “Rain Man.”

Jose Gutierrez

Jose is the Chief Financial Officer and the Chief Executive officer. He takes care of everything financially- related to Spyglass entertainment- banking and financial reporting, day-to-day activities, etc.

Success (3) (7)

Spyglass films have made a huge source of revenue in the box office, grossing over $5 billion worldwide to this day. Spyglass started its success with The Sixth Sense Spyglass was launched with the phenomenal box office success The Sixth Sense, starring Bruce Willis, which grossed over $661 million and achieved six Academy Award nominations. It also had another 32 wins and 37 nominations across the board (7). Other successes include Bruce Almighty, starring Jim Carrey, which grossed over $485 million in worldwide box office and is considered one of the blockbuster comedies of all time, and Memoirs of a Geisha, based on the best-selling novel, which earned Spyglass three Oscar wins out of six nominations, bringing the company a total, to date, of 34 nominations.

MGM

A lot of the movies Spyglass Entertainment helped produce were in collaboration with other production companies, and have slowly stopped producing movies in their studio. This is because in 2010, Spyglass purchased Metro-Goldwyn-Mayer Inc., which lifted the

MGM Logo

company out of bankruptcy. Spyglass Entertainment and its investor Carl Ichan wrote off around $5 billion in debts in exchange for the studio. I was announced that Gary Barber and Roger Birnbaum would become co-chairmen and chief executive officers of the studio (4).

Metro- Goldwyn-Meyer Studio owns one of the largest modern collections of feature films in the world, including 4,100 theatrically released feature film titles and approximately 10,800 television episodes. Films in the MGM Library have won over 200 Academy Awards, including 15 Best Picture Awards (5). This iconic company has so many operating units, including Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in domestic and international TV channels reaching over 130 countries (6).

Right Here, Right Now (8)

Spyglass Entertainment now serves as more of a distribution company of the movies they already have, and they have scaled back a lot on their movie production because of the merge. There are still some movies in production, just not 20 year.

One movie in production right now is Hercules: The Thracian Wars, which is set to start filming this upcoming may, and the release date is set for July 25^th, 2014. The movie is based off of a comic book, and has Dwayne Johnson playing Hercules. It will basically be a comic book-action- spinoff.

Spyglass has a few movies right now currently in development. One is called The Undomestic Goddess, which is a comedy about an American attorney who loses her job and finds work as a housemaid in England. This is based off of a book, and has no set date to begin production.

Another movie in development for Spyglass is called The Game, which is going to be an action/comedy about a man who hires a professional seduction expert to help him become the world’s best pick-up artist. Brian Koppelman and David Levien are attached to the movie as the directors/writers, and this movie is based off of a novel.

One last movie Spyglass has signed on to co-produce is called The Brood, which is an adaption of a 1970’s horror television show, which is now being remade into a movie by Breck Eisner.

References

(1) http://pqasb.pqarchiver.com/latimes/access/35507765.html?dids=35507765:35507765&FMT=ABS&FMTS=ABS:FT

(2) http://pqasb.pqarchiver.com/latimes/access/33285845.html?dids=33285845:33285845&FMT=ABS&FMTS=ABS:FT&type=current&date=Aug+21%2C+1998&author=CLAUDIA+ELLER&pub=Los+Angeles+Times&desc=Company+Town%3B+THE+BIZ%3B+Spyglass+Offers+Disney+Lower-Risk+Deals&pqatl=google

(3) http://www.spyglassentertainment.com

(4) http://www.globaltimes.cn/business/world/2010-12/603275.html

(5) http://online.wsj.com/public/resources/documents/CopyMGM.pdf

(6) http://www.prnewswire.com/news-releases/mgm-restructuring-plan-becomes-effective-112209709.html

(7) http://www.imdb.com/title/tt0167404/

(8) http://pro.imdb.com/company/co0031181/

A+E Television Networks

Posted on April 8, 2013 by Aaron Goldsmith

by Aaron Goldsmith

A+E Networks (1)

A+E Television Networks
235 East 45th Street
New York, NY 10017
(212) 210-1400

Mission Statement:

“At A+E Networks, we are passionate about bringing human stories to life, knowing that it is in life itself that those stories originate. We are committed to empowering our employees, strengthening our partnerships and engaging audiences across the globe.

Life is what you make it. We make it entertaining,” (1).

The Executives:

Abbe Raven, President and Chief Executive Officer, A+E Networks (1)

Nancy Dubac, President, Entertainment and Media, A+E Networks (1)

Robert DeBitetto, President and General Manager, A&E Network and BIO (1)

Melvin Berning, President, Ad Sales (1)

About A+E Television Networks:

Beginning in 1984, A+E Television Networks is an “award-winning global media content company,” that serves the consumer base through primarily television networks as well as websites, DVD and Blu-Ray distribution, and education programming and software. With their headquarters based out of New York and offices in London and Singapore, A+E Television Networks prides itself on being a “Global Brand” with channels and branded programming in over 150 countries and 37 different languages, with over 300 million viewers. A+E Networks in divided into 10 different television networks as well as A+E Networks International, A+E Networks Digital, A&E IndieFilms, and A+E Networks Consumer Products (1).

Their Networks and Now:

A&E (1)

“A&E is Real Life. Drama.” This A+E Networks channel provides top-rated content from reality shows to scripted dramas (1). Current Top Shows: Duck Dynasty, Bates Motel, Storage Wars, The First 48, American Hoggers, and Intervention (4).

What’s Happening Now:

April 2, 2013: A&E reports its best quarter in network history due to its high ratings for Bates Motel, Duck Dynasty, and Storage Wars. This past March was the networks highest rated month since in network history (3).
March 19, 2013: Bates Motel, A&E’s newest scripted drama, premiered March 18 with a viewership of 3.0 million people making it A&E’s “most-watched original drama series debut among the key 18-49 and 25-54 demos.” The show serves as a prequel to Alfred Hitchcock’s Psycho (3).
February 28, 2013: The season three premiere of A&E’s nonfiction series Duck Dynasty on February 27 had a total viewership of 8.6 million. Duck Dynasty is now the network’s #1 telecast in the history of the network and “the #1 nonfiction series on cable in 2013,” (3).
January 4, 2013: Pre-production has begun on A&E’s newest reality series, Rodeo Girls. The show reveals the “chic and cutthroat” lives of professional woman rodeo competitors. A&E is working with The Weinstein Company for the eight one-hour episode order (3).
January 4, 2013: A&E is to premiere a new real life series, The Governor’s Wife, on February 27 after ordering 12 episodes from Leftfield Pictures. The series shows the life of former Louisiana Governor Edwin Edwards who is 85 years old, his wife Trina who is 34 years old, and the family they have joined together (3).

Lifetime (1)

Lifetime is A+E Television Networks’ premiere network made especially for women. The network features award-winning shows of different genres, targeting different demographics of women, including reality shows, dramas, and comedies (1). Current Top Shows: Army Wives, Dance Moms, Project Runway, Preachers’ Daughters, and The Client List (5).

What’s Happening Now:

March 21, 2013: After a judge issued an injunction four days before its premiere, Lifetime won the rights to Romeo Killer: The Chris Porco Story, and premiered it as originally scheduled on March 23 (3).
February 21, 2013: Lifetime announced the lineup of March season premieres, including hit shows Army Wives and The Client List, as well as the series premiere of Preachers’ Daughters (1).
January 23, 2013: Lifetime’s world premiere of its original movie, Prosecuting Casey Anthony, had a viewership of 3.3 million people, making it that night’s “number one telecast across ad-supported cable,” (1).
January 2, 2013: The series three premiere of Dance Moms reached a series best in ratings with 2.8 million viewers, an increase of 33% from its summer premiere in June 2012 (1).

Movies to be premiered on Lifetime:

Stalkers – April 13; Lifetime Original (3)
Call Me Crazy: A Five Film – April 20; Lifetime Original (3)
Dear Mom, Love Cher – May 6 (3)
Ring of Fire – May 27; Lifetime Original (3)

HISTORY (1)

A+E Television Networks’ HISTORY channel provides original content, combining entertainment and history to deliver programming across multiple platforms (1). Current Top Shows: Vikings, Pawn Stars, Swamp People, The Bible, and American Pickers (6).

What’s Happening Now:

April 2, 2013: HISTORY had the most total viewers out of all cable networks this past months, and this past quarter was the highest in the network’s history. These are due to the network’s shows’ high ratings including The Bible having 11.4 million viewers for its whole running, and both Vikings and Pawn Stars having 5.0 million viewers (1).
March 4, 2013: Vikings, HISTORY’s first scripted series, premiered March 3 with 6.2 million viewers. Its premiere made the show cable’s #1 series launch so far this year (1).
March 4, 2013: Averaging out with 14.8 million viewers over two telecasts, HISTORY’s premiere of The Bible was “the #1 cable entertainment telecast of the year,” (1).

H2 (1)

H2 offers a different view of the HISTORY channel, delivering history with more entertainment and “more to explore, more to understand, More 2 History™,” (1). Top Current Shows: Ancient Aliens, America Unearthed, Mankind Decoded, and Modern Marvels (7).

What’s Happening Now:

January 25, 2013: A+E Networks’ H2 is premiering Miracle Rising: South Africa on February 17. The film is about South Africa’s politics throughout the years since April 1994, and the story of how the country went from apartheid to a democracy (1).

bio. (1)

Bio. is all about the truth. With shows like I Killed My BFF, I Survived…, and Celebrity Ghost Stories (9), bio. “delivers an honest portrayal of stories that will leave you amazed,” (1).

What’s Happening Now:

April 4, 2013: Bio.’s newest documentary, Citizen Hearst, is planned to premiere on April 23. It is about William Randolph Hearst and the story of the Hearst Corporation, directed by Leslie Iwerks (1).

Crime & Investigation Network (1)

Crime & Investigation Network offers viewers with entertainment from behind-the-scenes looks at investigations, crimes, and mysteries (1). Its site features original webisodes, such as “Female Forces” and “Watching the Detectives,” while the television channel plays re-runs of popular dramas including Cold Case Files, SWAT, and The First 48 (8).

A+E Networks Recent Ratings:

Cable’s Top 25 Viewership – Ending March 31, 2013 (3)

Rank	Shows	Net	Viewers Live + SD (000)
2	The Bible	HIST	11745
3	Duck Dynasty	A&E	8497
6	Duck Dynasty	A&E	5282
9	Vikings	HIST	4741
14	Swamp People	HIST	4557
16	Duck Dynasty	A&E	3909
21	Duck Dynasty	A&E	3470
24	Duck Dynasty	A&E	3404

Cable’s Top 25 Viewership – Ending March 24, 2013 (3)

Rank Shows Net Viewers Live + SD (000)

2 The Bible HIST 10267

3 Duck Dynasty A&E 7839

4 Duck Dynasty A&E 7671

6 Swamp People HIST 4815

7 Vikings HIST 4538

Cable’s Top 25 Viewership – Ending March 17, 2013 (3)

Rank	Shows	Net	Viewers Live + SD (000)
1	The Bible	HIST	10872
3	Duck Dynasty	A&E	8285
4	Duck Dynasty	A&E	7943
6	Pawn Stars	HIST	5059
7	Pawn Stars	HIST	5041
10	Vikings	HIST	4834
15	American Pickers	HIST	4352
16	Swamp People	HIST	4196
17	Duck Dynasty	HIST	4156
25	Duck Dynasty	A&E	3648

Sources

“A+E Networks.” A+E Networks. A&E Television Networks, LLC., 2013. Web. 06 Apr. 2013. <http://www.aenetworks.com/>.
“A+E Networks – Brand Identity.” YouTube. YouTube, 22 May 2012. Web. 06 Apr. 2013. <https://www.youtube.com/watch?v=egQzFdDYfXE>.
“TV News.” TVbytheNumbers. N.p., n.d. Web. 06 Apr. 2013. <http://tvbythenumbers.zap2it.com/>.
“A&E TV.” A&E TV. N.p., n.d. Web. 06 Apr. 2013. <http://www.aetv.com/>.
“MyLifetime.com.” Lifetime. N.p., n.d. Web. 06 Apr. 2013. <http://www.mylifetime.com/>.
“History.com.” HISTORY. A+E Television Networks, n.d. Web. 08 Apr. 2013. <http://www.history.com/>.
“About H2 – Historical Television Network from the History Channel.” History.com. A+E Television Networks, n.d. Web. 08 Apr. 2013. <http://www.history.com/h2>.
“Crime & Investigation.” Crime & Investigation. N.p., n.d. Web. 08 Apr. 2013. <http://www.crimeandinvestigationnetwork.com/crime-and-investigation/>.
“Bio.” Bio.com. A+E Networks Television, n.d. Web. 08 Apr. 2013. <http://www.biography.com/>.

Disney/ABC Television

Posted on April 8, 2013 by Richard Calabro

by Richie Calabro

Courtesy: Disney/ABC

Disney/ABC Television Group

500 South Buena Visita Street

Burbank, California 91521

Anne Sweeney – President
Courtesy: Disney/ABC

If you’re a TV watcher, a fan of sports, entertainment or movies, it is highly likely that at one point you have stumbled upon content that has been produced by Disney/ABC. The Disney/ABC Television group operates all kinds of entertainment platforms such as ESPN, ABC News, Lifetime, The History Channel and Disney’s wide network of films just to name a few. This vast encompassing company employees nearly 150,000 in the United States and around the world, can be seen in 97 million homes and has yearly revenue of in the tens of billions.[1]

Programming

2013 has been a banner year so far for the ABC/Television group. There has been a lot of exciting changes going on within the company in terms of programming, digital innovation and strategic partnership. One of those partnerships, a crossover plan between Marvel Comics and Disney/ABC, looks to be a revolutionary experiment for the TV industry. [2]

Courtesy: Hollywood Reporter

Under the proposed plan announced at the end of March, a wide range of the network’s scheduled television programming would be affected by bringing them into the Marvel world through a series of crossover events with the upcoming Avengers related show S.H.I.E.L.D.

“With each major story line other stories in ongoing books are brought in, featuring characters that might not otherwise be seen in the main event,” said Joss Whedon, director of the movie The Avengers. [3] Other shows that are possibly in the mix are Once Upon A Time, Scandal, Red Widow and Rookie Blue. The plan is sure to be an interesting event to watch and if successful, will look to be duplicated by other networks.

Courtesy: Politico

Disney/ABC and Univision

Strategic partnership has been a theme so far this spring for Disney/ABC. In early February, ABC and Univision announced a fresh and exciting news and lifestyle network for U.S. Hispanics. The new network, called Fusion, is set to launch in the fall of 2013. [4] The new network will bring together the powerful journalistic and reporting assets of ABC News and Univision, creating a unified place for U.S. Hispanics to go for news surrounding their world and culture. “Our collaboration will bring unmatched reporting capabilities and understanding of issues and entertainment that resonate with the Hispanic community,”says Anne Sweeney, President of Disney/ABC. [5]

Courtesy: Mediabistro

Fusion will be able to reach millions of Hispanic and American viewers, already having 5 of the nations largest cable distributors on board to broadcast the content. The network will focus mainly on issues relevant to U.S. Hispanics like the economy, health, entertainment and immigration. [6]

Good Morning America At The Top

For years NBC’s “The Today Show” had been at the top of the morning show network ratings. However, this past February, ABC’s Good Morning America won the first quarter ratings for the first time since the mid-1990s. [7] GMA’s rise in popularity is due in part to the heart wrenching story of anchor Robin Roberts’ battle with a rare blood disease and the public relations nightmare that was Matt Lauer and Anne Curry.

Courtesy: TV Listings

GMA topped the morning show wars for the first quarter of 2013 in total viewers. They won the critical 25-54 demographic over the Today show, averaging an audience of 5.389 million. It was the first time the top-rated morning show has won the quarter in total viewers since 1994. GMA also won for the second quarter in a row in the 25-54 demo, first time since the second and third quarters of 1994. [8] It is thought that Robin Roberts’ illness has helped GMA jump NBC. The disease, myelodysplastic syndrome, causes the body to produce fewer red blood cells and forced Roberts to have a bone marrow transplant that came from her sister. Below is a clip of Robin Roberts’ journey.

Digital Innovation

Along with the many programming feats Disney/ABC has achieved this spring, there has been a new wave of digital innovation that has swept across the company. Disney/ABC announced in the middle of March plans to develop a live streaming TV app that can be groundbreaking in an industry where smart phones and tablets are becoming more prevalent and a danger to TV audiences. [9] The company has plans to continue work on a new live streaming television app for its broadcast network ABC that will make the platform’s content available to cable and satellite subscribers.

Courtesy: Disney/ABC

Although ABC is a free over-the-air public network, the streaming capabilities would only be available to cable and satellite subscribers so that Disney would not upset providers. [10]

Disney/ABC is no stranger to making groundbreaking digital application moves. The launch of the “Watch ESPN” app has been a phenomenal success for the company. It has expanded viewership on all platforms making content more accessible on the go.

This comes at a monumental time for digital innovation at Disney/ABC. Recently it was announced that the Disney/ABC app released several years ago ahead of the first iPad, has reached 10 million downloads. [11] With the reaching of this mark, the app has become one of the most successfully downloaded applications of all time.

ABC.com Comedy Shorts

With the success of recent comedy shorts in the past and the desire to boost exposure online, Disney/ABC has recently announced plans to add more digital elements to its network. [12]

Courtesy: Disney/ABC

In an effort to expand offerings online, the network will debut pop culture and show related videos under its ABC.comedy platform. The first will be Taye Diggs Destroys Hip Hop and Dancing With the Stars Judge Bruno Tonioli’s Writer’s Room.

“Humor is a hallmark of the ABC Network, so it makes sense that we infuse our digital video content with as much comedy as possible,” said Chris Thomes, Vice President of Disney/ABC Television Group’s Digital Media Studio. [13]

The ABC comedy series began in fall 2011 with video recaps for the network’s Wednesday comedies and grew the following year to include comedic rundowns of the network’s dramas. The success of Modern Family’s Halloween short has inspired the push for new content on this platform.

Sources

[1] LA Times: Disney/ABC Television Group Workforce

[2] Geek Exchange: Disney/ABC Crossover Plan

[3] Geek Exchange: Disney/ABC Crossover Plan

[4] ABC News: Network Gets New Name

[5] Mediabistro: Univision Channel to be Called Fusion

[6] ABC News: Network Gets New Name

[7] Deadline: GMA Wins First Quarter

[8] ABC News: GMA Beats NBC’s Win Streak

[9] Apple Insider: Disney’s ABC Working on New Live App

[10] Apple Insider: Disney’s ABC Working on New Live App

[11] Media Daily News: App Reaches 10 Million Downloads

[12] Hollywood Reporter: ABC to Debut Comedy Shorts

[13] TV Broadway: Taye Diggs Partners For New Comedy Shorts

Meredith Corporation

Posted on April 8, 2013 by Mary Papoutsis

Source: http://www.meredith.com/home.html

Headquarters

1716 Locust Street

Des Moines, IA 50309

Phone: (515) 284-3000

Website: www.meredith.com

Key Executives

Stephen M. Lacy – Chairman, President and CEO

Joseph H. Ceryanec – Vice President and Chief Financial Officer

John S. Zieser – Chief Development Officer, General Counsel

Tom Harty – President, Meredith National Media Group

Paul Karpowicz – President, Meredith Local Media Group

Steven M. Cappaert – Corporate Controller

Total employees: 3,410 persons

Stockholders: 1,310 persons

Company Profile

Founded in 1902 Meredith Corporation is a media and marketing conglomerate that specializes in content for American female audiences. Meredith oversees the publication of 18 magazine brands including Better Homes and Gardens, More, Fitness, and Family Circle that boast a combined circulation of 30 million [1]. Meredith’s local media division is comprised of 13 broadcast television stations, including network affiliates of CBS, FOX, MyNetworkTV, and NBC, which reach more than 10 million U.S. households [2]. Meredith Video Studios, a television production and distribution company, currently produces The Better Show, an information-talk show that airs in more than 160 markets nationwide [3].

Company Financials

Fiscal Year Ends: June 29

Most Recent Quarter: December 31, 2012

In its most recent financial statement, Meredith Corporation (NYSE: MDP) reported strong second quarter earnings as well as positive first half performance for the 2013 fiscal year. In the second quarter (October-December 2012) Meredith reaped $361 million in total company revenues, representing a 10-percent increase. Advertising revenues, climbed 18-percent to $217 million. Earnings per share increased 27-percent to a record high of $0.89, excluding a previously announced special charge of $0.10 per share.

Second quarter gains capped an overall successful first half of the 2013 fiscal year. In the first six months Meredith grossed $715 million in total company revenues, representing a 9-percent increase. Advertising revenues also climbed 15-percent. Earnings per share were $1.44, up 22-percent from fiscal 2012, excluding the special charge. [4]

Local Media Group Financials

Meredith’s Local Media Group, comprised of 13 television broadcast stations as well as Meredith Video Studios, accounted largely for the company’s financial gains in fiscal 2013. The second quarter of fiscal 2013 marked the most successful financial period ever for Local Media Group. The Group grossed $45 million in operating profits, representing a 65-percent increase compared to the second quarter of fiscal 2012. The Group’s revenues rose 32-percent to $111 million. [11]

In the first half of fiscal 2013 Local Media Group set a record high of $198 million in revenues, representing a 30-percent increase. The Group earned $72 million in operating profits, marking an astounding 90-percent increase from the 2012 fiscal year. Local Media Group’s digital advertising revenues increased 15-percent. Net political advertising revenues, boasting a record $38 million, bolstered overall advertising revenue increases because of November elections. [4]

Projections for Second Half of Fiscal 2013

Analysts expect Meredith Corporation’s earnings per share to decrease somewhat in the third quarter falling to $0.78 but predict they will rebound in the fourth quarter to $0.84 [5]. Analysts predict Local Media will better than Meredith’s other divisions, indicating that the Group’s operating profits thus far for fiscal 2013 are poised to nearly return to pre-financial crisis levels from fiscal 2007. [6]

Meredith Video Studios

Phone: (212) 499-2212

Current and Upcoming Productions

In January Meredith Video Studios announced The Better Show will be renewed for its seventh season, scheduled to begin airing September 9, 2013. The Better Show is a national syndicated info-talk program that focuses on topics similar to those featured in Meredith’s magazine publications including cooking, health and wellness, decorating, beauty and style, family and relationships, and more. The show aired its 1200^th episode at the end of 2012 and continues to attract growing audiences and achieve strong ratings in all of its markets. In December 2012, The Better Show added an additional CBS Television Station, WWJ-TV in Detroit, to its vast array of more than 160 markets nationwide. [7]

Source: http://www.better.tv/

In March 2013, Meredith announced a partnership with the Hallmark Channel, which will begin airing The Better Show on its daytime-programming block in October 2013. The deal marks the culmination of years of partnership efforts between the two companies, which both specialize in content production for female audiences. The two-year licensing deal with Hallmark will also leverage Meredith’s gains in advertising, marketing and digital revenues. These gains represent Meredith’s efforts to extend its reach in TV and digital platforms as print ad revenue sources decelerate. [8]

Source: http://www.cozitv.com/shows/weekend-originals/Next-Great-Family-Band-198809121.html

In February 2013 Meredith Video Studios premiered a 30-minute reality television series Next Great Family Band on NBCUniversal’s COZI TV, a digital multicast TV network that is available in 38 million homes. The show concept revolves around 15 family music groups in their journeys to become the next Jackson 5, Jonas Brothers, or The Osmonds. [9]

Meredith Video Studios is also working on a show called The Aloha Project for a prime-time slot but has not yet released details on the project. [8]

Local Broadcast TV Stations

Meredith owns 12 local broadcast stations that reach more than 10 million households nationwide. The stations’ websites boast 58 million page views and 5 million unique visitors every month. [10]

CBS Atlanta WGCL 46 (Atlanta, GA)

Peachtree TV WPCH (Atlanta, GA) – owned by Turner Broadcasting, operated by Meredith

FOX 12 Oregon KPTV (Portland, OR)

WFSB Channel 3 (Hartford/New Haven, CT)

KCTV Channel 5 (Kansas City, MO)

FOX Carolina WHNS 21 (Greenville, SC – Asheville, NC)

WNEM Channel 5 (Flint/Saginaw, MI)

CBS 5 KPHO (Phoenix, AZ)

PDX TV KPDX (Portland, OR)

WSMV Channel 4 (Nashville, TN)

My KSMO TV (Kansas City, MO)

FOX 5 Vegas KVVU (Las Vegas, NV)

CBS 3 Springfield WSHM (Springfield/Holyoke, MA)

Inside CBS Atlanta

Source: http://www.cbsatlanta.com/

Recent changes in management at CBS Atlanta (WGCL 46), the control hub for eight of Meredith’s broadcast stations, may suggest upcoming transitions at the news outlet in Atlanta. Lane Michaelson, former news director at WCPO Cincinnati, was named WGCL’s news director in March 2013, replacing Eric Ludgood, who was let go after two years [12]. Trey Fabacher, former general manager at CBS-owned WWJ-WKBD Detroit, was appointed vice president and general manager in September 2012, succeeding Kirk Black, who resigned earlier that year in May [13]. Two members of the news team, anchor Guy Rawlings and meteorologist Justin Lock, left WGCL Atlanta last fall after working at the station for two years [14] [15]. Noting the station’s strong financial gains for the first half of fiscal year 2013, WGCL has demonstrated considerable growth; however, it still ranks around third or fourth in the ratings for the Atlanta market [16].

Sources:

Universal Pictures

Posted on April 8, 2013 by Moon Park

by Moon Park

Universal Pictures logo [1]

Address: 100 Universal City Plaza Universal Studios, CA. 91608

Contact Information: 818.777.1000

Major Media Company: Comcast

Parent Company: NBC Universal

Key Executives:

Ron Meyer, President and Chief Operating Officer

Adam Fogelson, Chairman

Jimmy Horowitz, President

Rick Finkelstein, Vice Chairman and Chief Operating Officer

James Schamus, Chief Executive Officer

(Ronald Meyer)

Profile: Universal Studios Inc. also known as Universal Pictures is an American motion picture and television studio which is located in Universal City in California. Universal Pictures is owned my Comcast and is a subsidiary of NBC Universal. It is one of the six major studios in the United States and one of the longest existing motion picture studios as well. Its main purpose is to develop, produce, and market entertainment[2]. Along with making movies, Universal also has theme parks located in Hollywood, California and Orlando, Florida[3]. Through its international production group, the studio teams up with the international studios to make blockbuster movie. They also make wide commercial and special releases in not so familiar regions. For almost a century now, Universal Pictures made diverse films such as classics: Jaws, E.T., Jurassic Park series, and Mamma Mia!. It also made franchise movies such as: Meet the Parents, Fast and Furious, Back to the Future, and the Bourne Series. Not only did they make high grossing movies, they also made quality movies which won them the Academy Awards such as: King Kong, Brokeback Mountain, The Pianist, and many more[4] . Over the years of movie making, Universal Pictures grossed over $25 billion all time (movies before 1982 has not been recorded)[5]. On the course of making movies, Universal is very successful and is on the top of the list when it comes to studios.

Universal Pictures History: Carl Laemmle was the man to start Universal Pictures. While he was planning to start a clothing shop in Chicago in 1905, he came across people waiting in line for a nickelodeon. At that moment Laemmle decided to change his job, and opened his first theater The White Front Theater. From then on, Laemmle started to make more branches of theaters with partners and started making money. Carl Laemmle met Robert Cochrane and expanded their theaters. They made the Laemmle Film Service, which became the largest movie distributor of the country in the early 1900s. After having problems with the motion pictures, Laemmle and Cochrane made their own movies. In 1912 the Universal Film Manufacturing Company was formed and this led to Universal Pictures’ 100th anniversary in 2012 [6].

Where the company is headed today: Most good film today push towards the holidays or before it so that it could be a contender for an award ceremony held in early times of the year. Films such as: Zero Dark Thirty and Les Miserables were nominated for both the Golden Globes and the Oscars. The movie Ted also did great in the box office to end Universal’s 2012 [7].

January 2013 : On January 6, Universal renewed its domestic domestic output deal with HBO with a long term extension. This is the tenth year they are working with HBO and has been successful [8]. The epic film Jurassic Park, which was made in 1993, is scheduled to be released in IMAX and 3D on April [9]. Universal Pictures signed with Nintendo’s marketing director and assistant general manager, Dawn Paine to be their vice president of marketing mostly in overseas. In addition he is responsible for the publicity of Universal’s home entertainment business [10].

February 2013: Universal showed their new release: Fast and Furious 6 on the day of Superbowl. The movie is expected to be seen everywhere on theaters May 24 [11]. The character Ted(from the movie Ted) came out with its co-star Mark Wahlburg in the 85th Oscars. Seth McFarlane who created and played Ted hosted the show and asked Universal Pictures to pay for the appearance due to technical issues [12]. In addition, Les Miserables’ Anne Hathaway won best supporting actress and many were nominated for both Les Miserables and Zero Dark Thirty.

March 2013: Universal Pictures were fighting for legal rights with a porn producer, who adapted a pornography adaptation of Fifty Shades of Grey. Universal won the rights in the end, which turned out for Smash Pictures to pay Universal for their doing [13]. Marc Abraham and Eric Newman of Strike Entertainment (an Universal Pictures co-company) decided to dissolve the company and step away from Universal after a 15 year run [14]. StudioCanal has launched legal actions against Universal, who was their former partners. StudioCanal claims that Universal’s violation was “fiduciary and contractual obligations.” They also claim that Universal hid some payments and did not report incomes. [15].

April 2013: Jurassic Park premiered on April 5th and is made $18 million in its opening weekend where budget was just at the $10 million mark [16] . From January-April, Universal Pictures came in at number one in the studio market share with its distribution. They marked 13.1% and grossed over $300 million with five movies, two of them being released in 2013 [17].

What is coming next for Universal: Universal Pictures are pushing for roughly twelve more movies to come out for 2013. Summer movies are: Fast and Furious 6, Kick Ass 2, The Purge, Despicable Me 2, R.I.P.D, etc… [18].

Financial Reports: For the fourth quarter report of Universal Pictures in 2012, they increased 9% from 1.3 to 1.4 compared with 2011 fourth quarter financial report from films such as, Les Miserables Ted, This is 40, and Bourne Legacy. Their Operating Cash Flow decreased 4.7% from $89 million to $84. For the year, they ended $5.2 billion, which was a 12.4 increase from their 2011 revenue $4.7 billion [19]Comcast Corporation (the owner of Universal) announced on March that they will release their 2013 first quarter financial report on May 1, 2013 [20].

Competition: Competition for Universal Pictures are as followed: Paramount Pictures, 20th Century Fox, Walt Disney Pictures, Columbia Pictures, and Warner Bros. Pictures. They are known as the Major Big Six Film studios in the United States.

Universal Pictures Affiliated Groups:

Bravo Media
CNBC
E!
Esquire Network
Fandango
Focus Features
Golf Channel
International Television
MSNBC
mun2
NBC Entertainment
NBC News
NBC Owned Television Stations
NBC Sports Group
NBCUniversal
NBCUniversal Cable and New Media Distribution
NBCUniversal Digital Distribution
NBCUniversal Domestic Television Distribution
NBCUniversal Television Networks Distribution
Oxygen Media
Sprout
Style Media
Syfy
Telemundo
Universal Parks & Resorts
Universal Pictures
Universal Television
USA Network

Sources:

1. http://www.google.com/imgres?imgurl=http://www.myfilmviews.com/wp-content/uploads/2012/12/universal-pictures-100th-anniversary-logo1.jpg&imgrefurl=http://www.myfilmviews.com/2012/02/16/the-story-behind-the-universal-pictures-logo/&h=811&w=1500&sz=891&tbnid=azNGy7FcyZtUPM:&tbnh=65&tbnw=120&zoom=1&usg=__8V1u5F0D3KgGXBGBzwXIMnzueIM=&docid=XETkV1Rks8ResM&hl=en&sa=X&ei=hkRiUa_mH-nh4AO5h4DQCg&sqi=2&ved=0CDcQ9QEwAQ&dur=1874

2. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=804881

3. http://www.universalstudios.com/

4. http://www.nbcuni.com/film/universal-pictures/

5. http://www.boxofficemojo.com/studio/chart/?page=7&yr=&view=company&view2=allmovies&studio=universal.htm&p=.htm

6. http://www.fundinguniverse.com/company-histories/universal-studios-inc-history/

7. http://www.movieinsider.com/c13/universal-pictures/

8. http://www.deadline.com/2013/01/universal-pictures-extends-domestic-output-deal-with-hbo/

9. http://www.deadline.com/2013/01/jurassic-park-imax-3d-release-april-5/

10. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=804881

11. http://www.deadline.com/2013/02/fast-and-furious-6-trailer-extended-universal-pictures/

12. http://www.deadline.com/2013/02/oscars-2013-ted-appearance-mark-wahlberg/

13. http://www.deadline.com/2013/03/settlement-reached-in-universals-fifty-shades-of-grey-porn-adaptation-suit/

14. http://www.deadline.com/2013/03/producing-partners-marc-abraham-and-eric-newman-dissolve-strike-entertainment/

15. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=804881

16. http://boxofficemojo.com/weekend/chart/

17. http://www.boxofficemojo.com/studio/

18. http://www.boxofficemojo.com/schedule/?view=distributor&id=universal.htm

19. http://www.reuters.com/article/2013/02/12/pa-comcast-idUSnBw4kmz68a+100+BSW20130212

20. http://www.cmcsk.com/releasedetail.cfm?ReleaseID=750147

Radio One

Posted on April 8, 2013 by Charles Gilbert

by Charles Gilbert

Website: http://www.radio-one.com

1010 Wayne Ave.

Silver Spring, MD 20910

A Brief Overview [1] [2]:

Radio One is a multi-media company whose content is mainly targeted at the African American and urban based consumer markets. Their primary business focus lies in their radio broadcasting franchise, which owns 55 broadcast stations operating out of 15 major urban markets throughout the United States. However, in more recent years they have expanded outside radio into the television industry with TV One, into online social media platforms with Interactive One, and strengthened their African American-based, urban brand through companies like Reach Media. Radio One claims to successfully reach 82% of the African American demographic with this multimedia approach.

History [1]:

Radio One (originally known as Almic Broadcasting) was founded in 1979 by Catherine and Dewey Hughes. In 1980, they purchased their first AM radio station, WOL 1450, and strategically re-formatted the then-R&B station into the first African American centric 24-hour talk radio station. In 1987, they acquired their first FM station, WMMJ, and cemented Radio One’s reputation as an essential African American broadcast media outlet. 2004 marked the widening of Radio One’s business spectrum through the establishment of their first television channel, TV One. Later years saw the development of Interactive One, a digital, online platform meant to engage African American and Latino audiences through social media.

-Alfred C. Liggins III [5]

-Catherine L. Hughes [4]

Key Executives [3]:

Catherine L. Hughes– Founder, Chairperson of the Board and Secretary

Alfred C. Liggins III– Chief Executive Officer, President and Treasurer

Peter D. Thompson-Executive Vice President and Chief Financial Officer

Linda J. Vilardo– Vice President. Assistant Secretary and Chief Administrative Officer

Company Divisions [1]:

[6]

Radio One’s broadcast stations operate out of 15 major urban centers throughout the US, including: Atlanta, Baltimore, Washington DC, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Detroit, Houston, Indianapolis, Philadelphia, Raleigh-Durham, Richmond, and St. Louis. Station formats range from R&B to Gospel, Inspirational Praise to Talk Radio, and Oldies to Adult Contemporary. [7]

Starting in the early 2000s, along with the founding of the cable television network TV One in 2004, Radio One began investing in media platforms outside of the radio industry.

[8]

The TV One cable network currently serves a combination of reality television, original and licensed sitcoms, feature length films, and other entertainment programming appealing to the African American perspective to over 57 million households. TV One’s most popular program is Unsung, a music biography series chronicling the lesser known stories of famous R&B and soul musicians. Other popular shows include R&B Divas, The Rickey Smiley Show and TV One’s first scripted series Love That Girl: [9]

[10]

[11]

In 2008, in order to attract the increasing population of online users, Radio One launched Interactive One, the first major online platform targeted specifically at the African American and urban communities. Interactive One is a multi-faceted, multi-platform outlet for social interaction, information, news, and entertainment content for the Black community. Interactive One also has a heavy focus on brand development, which manifests in their niche news, beauty, and lifestyle websites including: NewsOne, HelloBeautiful and TheUrbanDaily. [12]

Also under the Interactive One company operates Community Connect, a social networking company, whose minority-aimed, social community sites include BlackPlanet, MiGente and Asian Avenue. All of these attempt to provide a much sought-after online platform for urban markets to connect through, while creating a more accessible, cultivated target for advertisers attempting to effectively reach the urban and African American markets. [1]

[14]

Finally, Radio One also owns and operates Reach Media, the home of The Tom Joyner Morning Show, the single largest urban-targeted radio show in the US. The syndicated show draws an audience of over 8 million listeners in more than 105 unique markets, statistically reaching about 1 in 4 African Americans nationwide. Reach Media has also aggregated a substantial online presence, with more than 1.5 million registered users on the Blackamericaweb.com website. [15]

Financials (For 2012) [16]:

Revenue: $424,573,000
[17]
Operating Income: $353,058,000
Total Assets: $1,460,770,000
Share Price [ROIAK]: $1.74

Notable Developments:

Television One division saw a 6.8% increase in revenues from 2011
Core radio revenues up 11%
Adjusted EBITDA for Radio Division increased by 33% from 2011

View Official Financial Reports

Recent News:

January 3rd, 2013- Television One announced a change for their First Quarter Primetime Programming Lineup. Find Our Missing, a docu-drama produced in association with the Black and Missing Foundation, Inc., featuring Law & Order actress S. Epatha Merkerson, shifted from Wednesday nights at 9 pm to Mondays at 9 pm. The docu-series Unsung premiere was moved to Wednesday the 23rd at 10 pm. The season premiere of Belle’s was shifted to Friday, February 1st at 10 pm. [18]

[19]

March 11th, 2013- Radio One signed an affiliation agreement with Telemundo which reformatted the Indianapolis television station WDNI into a Telemundo affiliate. The television channel now carries Telemundo’s complete line-up of Spanish-language programming, including sports, news, entertainment, all of which will fulfill the Hispanic demand for more Spanish-friendly entertainment options in the Indianapolis market. [20]
March 25th, 2013- TV One premiered a new docu-drama series titled Deceived. This new series explores through 7 episodes the true stories of the struggle and pain of victims who fall prey to villains posing as a doctor, a con-real estate agent, a sinister husband, a fake police officer, a smooth swindler, a tooling sports agent, and a woman who steals from her church. Deceived is produced by Juma Entertainment. [21]

Future Endeavors:

TV One’s hit series R&B Divas was renewed for a second season. The reality television series began production in early January, and will feature two new artists Angie Stone and LaTocha Scott, in addition to the original cast of Faith Evans, Nicci Gilbert-Daniels, Monifah Carter, Syleena Johnson and Keke Wyatt as they strive to produce a compilation album. The second season is set to premiere on May 1st, 2013.
Additionally, TV One plans to capitalize on the success of the original series with a spin-off series, R&B Divas: LA. It will chronicle the lives of five LA-based R&B artists Kelly Price,Chante Moore, Lil’ Mo, Claudette Ortiz, Michel’le and Dawn Robinson, as they work their way through their music careers. The spin-off series is slated to premiere in Q3 2013. The Divas series are produced by ThinkFactory Media. [22]

[23]

TV One also has renewed The Rickey Smiley Show, which gained the cable channel its highest network ratings to date with its premiere in Summer 2012. The comedy TV show is losely based on the life of comedian and syndicated radio personality Rickey Smiley, as he tries to balance his wild professional career and turbulent family life. In the vein of other notable African American comedians such as Eddie Murphy and Tyler Perry, one of Smiley’s comedic staples is the fact that he plays multiple characters such as “Mrs. Bernice Jenkins,” “Joe Willie” and “Beauford.” The 26-episode order will start production with in late April, and is slated to premiere in summer 2013. [24]