FilmDistrict

Posted on November 4, 2013 by Asher Lethbridge-Simon

By Asher Lethbridge-Simon

[1]

Company Information [2]

1540 2nd Street, Suite 200,

Santa Monica, CA 90401 United States

Phone Number – 310-315-1722

Website – http://www.filmdistrict.com/

Email – Contact@filmdistrict.com

Twitter – https://twitter.com/FilmDistrict/

Facebook – http://www.facebook.com/FDFilms

Overview [3]

FilmDistrict is an independent private media company that focuses in film production, distribution, and acquisition. Originally founded by current CEO Peter Schlessel in September of 2010, FilmDistrict has released 16 films since its inception. The company releases an average of 6-8 films per year across a wide breadth of genres. Although they cover a variety of genres, all of FilmDistrict’s films feature well-known filmmakers with a renowned cast.

Company Executives [4]

CEO – Peter Schlessel [26]

COO – Adrian Alperovich [27]

President of Marketing – Christine Birch [28]

History

[25]

After being founded in 2010, FilmDistrict quickly struck a deal with Netflix to host their films on the streaming service. [5] Under this arrangement films released by FilmDistrict would be available to stream on Netflix just a few months after DVD release. This deal was followed by the release of FilmDistrict’s first film, Insidious in April of 2011. Insidious was hailed as a truly scary movie with warnings from The Wall Street Journal, “Just don’t go in alone.”[6] In addition to critical success, Insidious was the most profitable film of 2011, raking in over $100 million worldwide on a budget of just over $1 million. [7]

FilmDistrict found success again with Drive, the modern crime drama starring Ryan Gosling. Adding to incredible critical success, Drive was ranked in the top 10 movies of 2011 by Roger Ebert [8], Drive grossed $77,560,689 worldwide on a budget of $13 million. [9] Other notable films released by FilmDistrict have been indie comedy Safety Not Guaranteed, sci-fi thriller Looper, and the remake of horror classic Evil Dead.

In April of 2013, FilmDistrict launched subsidiary company High Top Releasing. High Top Releasing provides distribution assistance for indie producers. Through High Top Releasing producers can access help with “sales, in-theater marketing and print-control support, film-rental negotiation and collection capabilities.” [10] Currently two films have been released through High Top Releasing, I’m in Love with a Church Girl and The Ultimate Life.

Financials

FilmDistrict is not a publicly traded company nor does it release financial information on their website, but below are the film budgets compared to worldwide gross of all of FilmDistrict’s 2012 and 2013 releases. [11] Films marked with an asterisk (*) did not receive a worldwide release.

2012 Films

Lockout – $20 Million Budget / $32,204,030 Worldwide Gross / +$12,204,030

Safety Not Guaranteed* – Budget Unavailable / $4,010,957 Domestic Gross / N/A

Looper – $30 Million Budget / $176,506,819 Worldwide Gross / +$146,504,819

Red Dawn* – $65 Million Budget / $44,806,783 Domestic Gross / -$20,193,217

Playing for Keeps* – Budget Unavailable / $13,102,272 Domestic Gross / N/A

2013 Films

Parker* – $35 Million Budget / $17,616,641 Domestic Gross / -$17,383,359

Dead Man Down – Budget Unavailable / $18,074,539 Worldwide Gross / N/A

Olympus Has Fallen – $70 Million Budget / $161,025,640 Worldwide Gross / +$91,025,640

Evil Dead – $17 Million Budget / $97,542,952 Worldwide Gross / +$80,542,952

Insidious: Chapter 2 – $5 Million Budget /$148,869,949 Worldwide Gross / +$143,869,949

Right Here, Right Now

Corporate Restructuring

While FilmDistrict still has one more film slated for 2013 release, there has been some corporate restructuring taking place. Recent layoffs at Focus Features and the removal of CEO James Schamus has sparked an absorption of FilmDistrict. [12] Current CEO of FilmDistrict Peter Schlessel will be succeeding Schamus as the new CEO of Focus Features. Joining Schlessel in moving to Focus Features are his fellow executives, Adrian Alperovich as COO, Christine Birch as Marketing Prexy, Jim Orr as Head of Distribution, and Lia Buman as Head of Acquisitions. [13]

FilmDistrict will continue to release upcoming films Oldboy and That Awkward Moment under the FilmDistrict name, but films slated for release after January of 2014 (Pompeii and Walk of Shame) are expected to be released by the newly structured Focus Features as FilmDistrict will be shutting down. [14]

FilmDistrict Coming Attractions

Oldboy [15]

[16]

The Spike Lee remake of the classic Korean cult film is scheduled to be released on November 27th of 2013. Oldboy is an action thriller with a darker tone than most. The film stars Josh Brolin, Elizabeth Olsen, and Samuel L. Jackson. Joe Ducett (Brolin) is held captive for 20 years in a hotel room and then mysteriously released. After his release he goes on a hunt to discover why he was imprisoned and by whom.

While some fans worry about their favorite movie being altered, Samuel L. Jackson assured fans that while it is a remake, it is not the same film as its predecessor, “There are so many things that are different and so many things that are similar, in theme, yes, in execution, not so much.” [17] See Oldboy in theaters November 17th, 2013.

View the trailer here

That Awkward Moment [18]

[19]

That Awkward Moment is a romantic comedy starring Zac Efron, Miles Teller, and Michael B. Jordan. Directed by Tom Gormican, the film revolves around three single guys who pledge to remain out of relationships in an act of solitude for their recently broken up friend. As they each each find girlfriends they struggle to keep their relationships a secret from one another to avoid breaking their vow.

While superstar Zac Efron is no stranger to the big screen (High School Musical 3: Senior Year, 17 Again) this is director Tom Gormican’s first feature film. He co-produced the raunchy hit Movie 43 and will be bringing some of that originality to his first feature. See That Awkward Moment in theaters January 31st, 2014 .

View the trailer here

FilmDistrict News

After record breaking openings, the Insidious series has established itself as a franchise and now the third chapter has a confirmed release date. [20] Insidious: Chapter 3 is scheduled to be released on April 3rd of 2015. Insidious was the most profitable film of 2011 [21] and Insidious: Chapter 2 had the second biggest September debut of all time in 2013. [22] Expect big things from the third film in this trilogy.

[23]

While fans still have to wait until November 17th to see Oldboy, FilmDistrict has published part 1 of a graphic novel called The Devil’s Eyes that functions as a prequel to Oldboy. [24] The graphic novel will come in 3 parts that detail the backstory to Samuel L. Jackson’s character in the film. The Devil’s Eyes part 1 is currently available for free on Oldboy’s Tumblr site with the next two installments coming soon. This is fitting as the original Korean Oldboy was based on a 1996 Japanese manga.

Bibliography

[1] http://www.filmdistrict.com/

[2] ibid

[3] ibid

[4] http://variety.com/2013/film/news/focus-features-brings-in-majority-of-filmdistrict-team-1200728289/

[5] http://www.thewrap.com/movies/article/netflix-adds-filmdistrict-its-streaming-service-22925

[6] http://online.wsj.com/news/articles/SB10001424052748703806304576234622228157638

[7] http://www.worstpreviews.com/headline.php?id=23974

[8] http://www.rogerebert.com/rogers-journal/the-best-films-of-2011

[9] http://www.boxoffice.com/statistics/movies/drive-2011-2011

[10] http://variety.com/2013/film/news/filmdistrict-launching-high-top-releasing-for-indies-1200370144/

[11] http://www.boxofficemojo.com/

[12] http://variety.com/2013/film/news/breaking-focus-features-ceo-james-schamus-out-peter-schlessel-to-take-over-1200688551/

[13] http://variety.com/2013/film/news/focus-features-brings-in-majority-of-filmdistrict-team-1200728289/

[14] http://www.thewrap.com/focus-features-will-expand-under-new-ceo-peter-schlessel/

[15] http://www.imdb.com/title/tt1321511/?ref_=nv_sr_1

[16] http://www.everymancinema.com/images/content/films/5740k95m7kfc35d878rf53p2o7_2.jpg

[17] http://www.hollywoodreporter.com/news/oldboy-stars-talk-differences-between-655529

[18] http://www.imdb.com/title/tt1800246/

[19] http://cdn03.cdn.justjared.com/wp-content/uploads/headlines/2013/10/zac-efron-that-awkward-moment-poster-premiere-exclusive-1.jpg

[20] http://www.deadline.com/2013/11/insidious-chapter-3-gets-spring-2015-release-from-focus-features

[21] http://www.worstpreviews.com/headline.php?id=23974

[22] http://www.deadline.com/2013/09/insidious-2-scares-up-solid-1-5m-late-shows-years-top-horror-pre-seller/

[23] http://assets2.ignimgs.com/2013/11/12/oldboywebseriescovertc006jpg-e96546_960w.jpg

[24] http://www.indiewire.com/article/oldboy-inspired-graphic-novel-the-devils-eyes-provides-origins-story

[25] http://1.bp.blogspot.com/-LportKVkUrQ/TcWRUFD5oeI/AAAAAAAAAEQ/ksGmiMP_CVk/s1600/insidious-movie-poster.jpg

[26] http://www-deadline-com.vimg.net/wp-content/uploads/2013/10/Peter_Schlessel__131002221207.jpg

[27] http://www.homemediamagazine.com/files/homemediamagazine/nodes/2010/21023/adrianWEB.jpg

[28] http://www-deadline-com.vimg.net/wp-content/uploads/2012/03/schless__120323234743-200×300.jpg

Warner Bros. Pictures

Posted on November 3, 2013 by Dahlia Neeman

By Dahlia Neeman

The Warner Brothers logo. Image courtesy of Warner Brothers

About The Company

Warner Brothers Pictures is a major film studio founded in 1932. Their studios are located in Burbank, California. They have many divisions including feature films, animation, DVD and Blu-ray. Some of their highest grossing films include “The Dark Knight”, “Harry Potter” and “Inception”. Each year, Warner Brothers produces and distributes 18-22 films. They either fully finance or co-finance every film they produce and distribute films that are financed and produced by others. They also keep the international distribution rights. Last year they were the only studio to gross $4.3 billion at the box office. [1]

Contact

3400 W. Riverside Drive Burbank, CA 91505
877-491-8687
www.warnerbros.com

Key Executives:

Courtesy of warnerbros.com

Barry M. Meyer is the Chairman of Warner Brothers. He has been working at the company for 14 years. In 2010 he received the Directors Guild of America’s Honorary Life Member Award. [2]

Courtesy of The Hollywood Reporter

Kevin Tsujihara became the Chief Executive Officer of Warner Brothers in March, 2013. He previously held the position of President of Warner Brothers Home Entertainment. [3]

Recent News

Courtesy of sciencefiction.com

On June 14th, Warner Brothers released “Man of Steel” which became the second highest grossing film of 2013 (behind “Iron Man 3”). This Superman movie broke the opening release record for the month of June grossing over $116 million [4]. The success of this film is the start of a new franchise for Warner Brothers putting it in a position to compete with Marvel in the superhero genre. Marvel currently dominates the superhero movie platform with its countless characters, but now Warner Brothers can add Superman to its list next to Batman and The Green Lantern [5].

In July, Warner Brothers announced there will be a movie featuring Batman and Superman set to be released in 2015 [6]. In this new release, Christian Bale will not play Batman; instead, the role will be played by Ben Affleck [7]. Affleck’s presence should help to draw in a female audience to a movie genre that traditionally attracts a mostly male audience. The announcement that Affleck will play Batman has received a great deal of media attention, and as a result there is a lot of hype for the film before production has even started. This should further solidify Warner Brothers presence in the superhero genre.

Courtesy of imdb.com

In July 2013 Warner Brothers distributed the film “The Conjuring” which became a huge success in the horror film genre. Based on a true story, the film revolves around the investigation of paranormal occurrences in a family’s New England home. This thrilling motion picture broke the record for opening weekend for a horror film, bringing in $41 million. This film was also one of the top grossing horror films Warner Brothers has released. [8]

Courtesy of The Telegraph

The “Harry Potter” franchise has been one of Warner Brothers most profitable enterprises. Based on the book series by J.K. Rowling, Warner Brothers has produced eight films grossing a total of $7.7 billion. After the final film in 2011, it seemed that Warner Brothers’ most lucrative franchise had departed for good. It was a surprise on September 12 2013, when Warner Brothers announced a deal with J.K. Rowling to produce a new movie franchise based on her new book series Fantastic Beasts and Where to Find Them [9]. If this series is successful, Warner Brothers will have a new potential money-making franchise under its belt.

On September 30, Warner Brothers agreed on a $450 million deal with RatPac-Dune Entertainment. RatPac-Dune Entertainment will finance 75 Warner Brothers films. Films will be from any genre, and the first film was “Gravity.” [10]

Courtesy of imdb.com

Directed by Alfonso Cuaron, the science fiction thriller “Gravity” became a huge international success for Warner Brothers. The cutting-edge special effects and enthralling storyline won this film renowned attention all over the world. The film stars two Oscar winning actors, Sandra Bullock and George Clooney, whose prominence among both male and female audiences contributed to ticket sales. Released on October 4^th, this film grossed over $55 million opening weekend at the box office, breaking the record for an opening weekend in October [11]. 3D sales made up 80% of the gross, surpassing “Avatar” which held the record for 3D sales. With 3D sales becoming less popular, the success of this film proves that audiences will still pay for 3D films if they feel that it is an integral part of the film and not just an add-on [12]. The film so far has earned $516 million worldwide [13].

Following the success of “Gravity”, on October 17 Warner Brothers announced a new deal with Jonas Cuaron, one of the writers of the film. He will be the screenwriter for the film “The Lost City.” [14]

Financials

Warner Brothers stock value in the past year has been increasing gradually, ranging from $44.71 to $70.77. It is currently at $66.28. With the success of “Gravity’s” release in October the company’s stock value increased significantly. In the beginning of October the value started out at $65 and by the end of October the value was up to $70. This is the highest value Time Warner has had all year. This year’s stock value is much better than it had been in 2012. In 2012 it fell to a low of $34.70 and only toward the end of the year began increasing up to the mid forties. This shows that this year has been very successful financially for Warner Brothers. [15]

Coming Soon…

Courtesy of imdb.com

With the success of Warner Brother’s hits this year, Chief Financial Officer of Time Warner John Martin estimated that this year could be even more profitable than last year. Last year, Warner Brothers showed a $1.24 billion profit from its films. This year, with the help of “Gravity”, Warner Brothers has already shown a $751 million profit [16]. “The Hobbit: Desolation of Smaug” will be released this December and it is anticipated that this film will be highly profitable at the box office (last year, “The Hobbit: An Unexpected Journey” grossed over $84 million opening weekend) [17]. Click here for the trailer. This box office success could result in Warner Brothers showing higher profits compared to last year. The third movie of this franchise is already in pre-production and is set to be released at the end of 2014. In addition, Warner Brothers already has a list of films planned for release through the year 2017 [18].

[1] Warner Brothers Company Overview Retrieved: 10/15/13

[2] Warner Brothers Executive Barry Meyer Retrieved: 10/15/13

[3] Warner Brothers Executive Kevin Tsujihara Retrieved: 10/15/13

[4] Screen Rant Article Retrieved: 11/18/13

[5] The Atlantic Wire Article Retrieved: 11/18/13

[6] Batman News Article Retrieved: 10/15/13

[7] Deadline Article Retrieved: 10/15/13

[8] Business Wire Article Retrieved: 10/20/13

[9] NY Daily News Article Retrieved: 9/30/13

[10] Time Warner Press Release Retrieved: 10/10/13

[11] Hollywood Reporter Article Retrieved: 10/19/13

[12] imdb.com Retrieved: 10/18/13

[13] “Gravity” Box Office Results Retrieved: 11/19/20

[14] Variety Article Retrieved: 10/18/13

[15] Warner Brothers Financials Retrieved: 11/19/20

[16] Hollywood Reporter Article Retrieved: 11/18/13

[17] “The Hobbit” Box Office Results Retrieved: 11/19/13

[18] Warner Brothers IMDB Retrieved: 11/19/13

Sirius XM Radio

Posted on November 3, 2013 by Stephanie Bronfein

By Stephanie Bronfein

The official SiriusXM logo, courtesy of siriusxm.com [1]

SiriusXM Satellite Radio

1221 Avenue of the Americas

New York, NY 10020

www.siriusxm.com

Social Media: Facebook, Twitter, Instagram, YouTube

History [2]:

SiriusXM Radio is one of the largest radio broadcast and subscription media companies in the United States that provides original content to 25.6 million subscribers. Their commercial-free programming covers a diverse range of music, sports, talk, entertainment, traffic and weather shows, with celebrity personalities such as Howard Stern, Oprah Winfrey, The Grateful Dead, Pearl Jam and Tiesto. While the most popular way that consumers experience SiriusXM Radio is through satellite radio in their cars, it is also available for the home or office and can be streamed through SiriusXM Radio’s website or through Apple and Android mobile applications.

Key Executives [3]:

James E. Meyer – CEO

Scott Greenstein – President & CCO

Dara Altman – Executive VP & CAO

David J. Frear – Executive VP & CFO

All photos courtesy of SiriusXM Radio. For more information on the company’s executives click here.

Financial Standing:

SiriusXM Stock Change from 11/12 to 11/13, courtesy of siriusxm.com [4].

With 36 million shares to its name, SiriusXM Radio’s stock value sits at $3.68, with a 52-week high of $4.18 and a 52-week low of $2.67 [4]. Since the third quarter of 2012, the recorded revenue has increased 11% to $962 million. The adjusted EBIDTA increased 21% to a new record of $296 million and free cash flow increased 26% to $245 million [5].

Liberty Media Takeover:

Liberty Media Logo, courtesy of forbes.com [9].

SiriusXM Radio shareholders finally spoke up this August about Liberty Media Corporation gaining control of over 50% of the company, which resulted in former Chief Executive Officer Mel Karmazin leaving the company, along with a string of other directors. In 2009, when SiriusXM Radio was considering filing for bankruptcy, John Malone of Liberty Media offered a $530 million investment to get the subscription satellite radio company back on its feet. This deal allotted 40% control over the company to Malone and included a three-year grace period where Malone could not acquire a controlling interest in SiriusXM Radio’s shares [6].

In light of this period’s expiration at the end of last year, SiriusXM Radio shareholders failed to find a loophole in the investment-agreement terms to prevent Malone from buying out the company, so he did just that. What’s more, Malone didn’t allow other shareholders to vote on the deal. This is the main contention that SiriusXM Radio shareholders have against Liberty Media. Shareholders even went as far as suing the SiriusXM Radio board of directors in Aug. 2012 for not creating a strong enough defense against the Liberty Media takeover in the original investment-agreement [7].

As of the end of August, SiriusXM Radio share value has increased more than 2,160% at $3.62 since the Liberty Media investment was made, where shares were valued at as low as $0.16 [7].

Liberty Media also holds controlling shares of the Atlanta Braves, Leisure Arts, Inc., MacNeil/Lehrer Productions and TruePosition, Inc [8].

SoundExchange Sues SiriusXM:

SoundExchange Logo, courtesy of forbes.com [10].

On Aug. 16th, SoundExchange filed a lawsuit against SiriusXM Radio for $50 to $100 million in damages, claiming that the radio provider underpaid artist royalties from 2007 to 2011 [12].

SoundExchange is an independent nonprofit organization that has been designated by the Copyright Royalty Board to collect digital performance royalties from statutory license users—such as SiriusXM Radio—for the purpose of distributing those royalties to the rightful copyright owners and artists. As the only Satellite Digital Audio Radio Service in the country, it has been decided by the Copyright Royalty Board that SiriusXM Radio should pay a federal statutory royalty rate to avoid penalty of copyright infringement for the public performance of sound recordings that they do not own (via transmitting them to their subscribers). This rate is applied to the gross revenue as defined by the Copyright Royalty Board, which was settled between 6-8% for the years of 2007 to 2012 [11].

At the root of the lawsuit, which is compromised of four different counts against SiriusXM Radio, is a claim that the gross revenue has been reduced without proper authorization from the Copyright Royalty Board, causing a multi-million dollar underpayment to SoundExchange [11]. Essentially, SiriusXM Radio has been cornered for their bad accounting.

From their reported gross revenue, SiriusXM Radio excluded revenue collected from pre-1972 sound recordings, incremental revenue on SiriusXM Radio’s premier subscription package and two additional subscription packages that include both music and talk programming [12]. On top of these three counts against SiriusXM Radio is a claim that they did not pay late fees to SoundExchange on time—in part due to the fact that they didn’t know that they apparently owed SoundExchange millions of dollars—and SoundExchange expects to collect interest on these late fees [13].

While copyright law does not protect pre-1972 sound recordings, the Copyright Royalty Board requires that those who publicly perform them must separately recognize the attributed revenue generated—if SiriusXM Radio chooses to exclude this revenue from the reported gross revenue to SoundExchange, the deduction must be precise and the methodology transparent. Since SiriusXM Radio does not distinguish the revenue made from different kinds of music programming, the percentage that they attribute to the pre-1972 sound recording revenue can only be defined as an assumption, and is therefore unlawful [11].

SiriusXM Radio excluded incremental revenue that was garnered from the pricing difference between its standard package and its premier package. While the subscription satellite radio service is allowed to exclude channels that don’t include music programming—and the premier package only gives consumers additional talk/news programming—the additional channels offered in the premiere package aren’t offered for a separate charge [12]. In plain, the premier package also includes all of the programming from the standard package, meaning that it unlawfully excludes publicly performed sound recordings from its reported gross revenues [11].

In the same vein, SiriusXM Radio excluded revenue from the Family Friendly and Mostly Music packages, which were originally offered from XM Radio before the merger and contain both music and talk programming. The publicly performed sound recordings in these packages are supposed to be covered by a statutory license. Once again, SiriusXM Radio did not spell out the method by which they separately recognize revenue garnered from music and talk channels in these packages, therefore making the reduction from gross revenue unauthorized by the Copyright Royalty Board [11]. Of all the exclusions, this one makes the least sense.

At the time that this post was published (Nov. 20th, 2013), SiriusXM Radio has declined to comment on the lawsuit and no progress has been made to the public in regards to securing a jury trial date.

New Programming:

David Bowie, photo courtesy of billboard.com [14].

David Bowie’s Limited-Run Station [14]:

From October 30th through November 12th, SiriusXM Radio ran a limited-time station revolving around David Bowie’s latest album, “The Next Day,” which premiered on November 5th. As a promotional effort for the album, the station revealed five songs from an expanded version of the album. Other programming included rare demos, covers and live performances of Bowie’s.

Danny Howard, photo courtesy of billboard.com [15].

UK DJ Danny Howard Brings EDM radio show to BPM [15]:

Premiering December 5th on the BPM station, Danny Howard will join an elite group of European DJ’s to showcase what’s hot in the UK and European electronic dance music scene. With this weekly show, he hopes to break DJs and producers from his side of the pond that might not have gotten stateside exposure. Prior to accepting this stateside residency with SiriusXM Radio, Howard hosted a show on BBC Radio 1 titled, “Dance Anthems with Danny Howard.”

21st Century FOX logo, photo courtesy of 21cf.com [17].

FOX Business returns to SiriusXM Radio [16]:

Originally dropped in 2008 after Sirius Satellite Radio merged with XM Satellite Radio, FOX Business reclaims its spot next to FOX News as another 21st Century Fox radio station. With their nationally regarded collection of personalities, the stations are sure to attract a wide audience with their discussion of news, politics and current affairs. The deal is set to last through 2019.

Sources:

1. SirusXM Logo

2. SiriusXM Corporate Overview

3. SiriusXM Key Executive Bios

4. SiriusXM Stock Quote

5. SiriusXM Third Quarter Financial Results

6. Bloomberg Article on SiriusXM Investor’s Being Shortchanged by the Liberty Media Takeover

7. Billboard Article on SiriusXM Shareholder’s Position on Liberty Media Takeover

8. Liberty Media Asset List

9. Liberty Media Logo

10. SoundExchange Logo

11. SoundExchange Sues SiriusXM Radio – Filed Complaint

12. Billboard Article – SoundExchange Sues SiriusXM Radio Over Royalty Calculations

13. Billboard Article – SoundExchange Seeks Up to $100 million from SiriusXM for Underpaying Artist Royalties

14. David Bowie’s Limited-Run Station

15. Danny Howard’s UK EDM Show

16. FOX Business Returns to SiriusXM Radio

17. 21st Century Fox Logo

Scripps Networks Interactive

Posted on November 2, 2013 by Alexa Sternschein

By Alexa Sternschein

This photo is curtesy of wkrb13 (1)

Scripps Network Interactive is a cable network that specializes in life-style oriented content. They’re main brands include HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel, and Great American Country. They’re company is based on delivering content and products related to the home and food. The shows that are aired are all about inspiring their viewers to live a better lifestyle, whether it’s through home improvement or new recipes try to here and there. If you click on the image below, it will lead you to Scripps Networks Interactive’s 2013 upfront video. (2)

Key Executives (3)

Kenneth W. Lowe Joseph G. Necastro

Chairman of the Board, Chief Financial and

President and Chief Executive Officer Administrative Officer

Burton Jablon Henry Ahn

President, Executive Vice President

Scripps Network Corporate Controller and Emerging Business CFO

History

Scripps Network Interactive was founded in 1878 by Edward W. Scripps. It started as a newspaper publishing company after he founded The Penny Press in Cleveland. During the post-war era it started to build its reputation as a leading local television operator. HGTV was the first television network to be developed by Scripps Network Interactive. After that the Food Network, DIY Network, and Fine Living Network. Scripps also added Great American Country and the Travel Channel to its portfolio later on.

In 2007 the company split into two publicly traded companies. One side focused on the growing national television lifestyle brands and global Internet services. The other side focused on relevant, innovative and enduring local media business. (4)

Financials

Revenue: $594 Million

Operating Income: $219 Million

Costs of services before Interest, Taxes, Depreciation, and Amortization: $163 Million

The figures above are the 2013 first quarter results. The company is currently in its third quarter but the second quarter results have not been made public yet. Compared to 2012, there was a major increase for all three categories in the first quarter of 2013. Revenue increased 11% from $535 million in 2012 to $594 million in 2013. Operating income increased 2.4% from $214 million in 2012 to $219 million in 2013. Costs of services before interest, taxes, depreciation, and amortization unfortunately also increased by 18.8% from $137 million in 2012 to $167 million in 2013. Overall Scripps Networks Interactive is showing great improvement from 2012 to 2013. (5)

Networks

HGTV consists of home and lifestyle programming. It was the first brand to be part of the Scripps Networks Interactive portfolio and it was created in 1994.(6) Most of the shows on HGTV are about home decorating such as 24 Hour Design, 25 Biggest Renovating Mistakes, and Behind the Build: HGTV Dream Home. With the holidays around the corner, they are also doing a lot of holiday specials, such as Celebrity Holiday Homes and 25 Great Holiday Ideas.(7)

Food Network consists of new, interesting, and creative ways to approach food. It is not only “how to” cooking shows, there are also competitions and travel shows. It keeps food relevant. Food Network was introduced in 1997. (6) You can find shows such as Diners, Drive Ins, and Dives, Chopped, and 30 Minute Meals. (8)

DIY Network consists of Home Improvement shows. These are the shows you watch when you want to learn how to get your hands dirty and really improve your house yourself and not just decorate it. DIY Network was added to the Scripps Network Interactive portfolio in 1999. (6) Some of the shows that you will find on this channel are House Crashers and I Hate My Bath. (9)

The Cooking Channel is sort of an extension of Food Network. Food Network is a network that consists or television programming and websites. The Cooking Channel is the actual channel that provides the Food Network Programming. (6)

Great American Country celebrates American culture through music, food, family, home and travel. It was added to the Scripps Networks Interactive portfolio in 2004.(6) Some of it’s shows are Top 20 Country Countdown, Celebrity Motor Homes, and Made in America. (10)

The Travel Channel consists of programming exclusively devoted to travel entertainment. It helps people explore the world without leaving their couch, but it also helps them plan a trip if they want to get out there and explore. Scripps acquired the Travel Channel in 2009. (6) It consists of shows such as Bizarre Foods, Baggage Battles, and The Dead Files. (11)

What’s Happening Now

Scripps Networks Interactive has accomplished many things in 2013 and has a lot coming up in the year 2014. According to the CEO, Kenneth Lowe, the lifestyle programming that is offered by Scripps Networks Interactive is very similar to sports because it is usually viewed live. Scripps emphasizes immediacy and because of this most of the advertising is C3 advertising. However, lately there has been a large viewing through DVR on Sunday nights, so there might be a slight shift to C7 advertising. “So, I think it’s good for the industry … that we’re moving to C7 for sure,” said Lowe. (12)

In order to keep up with the large live viewership of the Scripps audience, Scripps Networks Interactive has recently released a new lifestyle video site and distribution platform called ulive. Ulive will provide videos from each Scripps brand along with over 70 original series. (13) Ulive is almost like another brand added to the Scripps portfolio that offers all the old existing shows along with new shows and series. Because of the holiday season, a lot of the new shows on ulive are holiday specials such as Holiday Hangups. (14)

(14)

In other news, Scripps Networks Interactive was recently in the midst of making a deal with Chellomedia BV. The two parties unfortunately could not agree on a deal and Chellomedia was sold to AMC Inc instead. The thought process behind this attempted deal was that Scripps is trying to “bring in the minority interests of both Food Network and Travel Channel.” The company is still in the process of deciding what to do with its cash reserves for now. (15)

Expanding Their Borders

Scripps Networks International has just recently launched Food Network and the Travel channel in Croatia. Programming will be available through two channels owned by Vipnet. The two channels will be available in standard definition. Travel Channel is fully localized and Food Network will be fully localized by 2014. (16) Scripps Networks International is currently available in 170 countries around the globe. Scripps also owns 50% interest in UKTV. (17)

New President

Scripps Networks Interactive’s president of it’s operating division, John Lansing, is retiring. After nine years with the company, Lansing is finally stepping down and Burton Jablin, the president of the home category division, will be stepping up and taking his place. Alongside him will be Kathleen Finch, senior vice president and general manager of HGTV and DIY Network. Finch and Jablin will be splitting Lansing’s original role in the company. (18)

Post-Thanksgiving Live!

With Thanksgiving around the corner, all of the Scripps networks are doing holiday specials. Food Network in particular is taking part in holiday fun. Food Network is conducting a Google+ Hangout on Saturday, November 23rd at 2pm. It will be an interactive, Thanksgiving themed “hangout” with chefs such as Bobby Flay, Giada De Laurentiis, Alton Brown, and Ina Garten and they will discuss post-Thanksgiving leftovers and food advice. It can be viewed at FoodNetwork.com/ThanksgivingHangout. (19)

Sources

WKRB13
Scripps Networks Interactive Company
Scripps Networks Interactive Leaders
Scripps Networks Interactive History
Financials
Scripps Networks Interactive Our Brands
HGTV
Food Network
DIY Network
Great American Country
Travel Channel
James, S. B. (n.d.). Scripps CEO: Like sports, lifestyle programming best watched live.
Cabanilla, I. R. (n.d.). Scripps Networks unveils online video site. SNL Kagan.Ulive
Ulive
James, S. B. (n.d.). Scripps CFO: We would not pay what Chellomedia was asking. SNL Kagan.
Cabanilla, I. R. (n.d.). Scripps launches Food Network, Travel Channel in Croatia. SNL Kagan.
http://scfp.mobmedia.com/category2.aspx?code=04
Ilas, M. (n.d.). Scripps Networks television unit loses president, names replacement. SNL Kagan.
Food Network Thanksgiving Live
Scripps Networks Interactive

Hearst Television

Posted on November 2, 2013 by Apollonia Maldonato

By Apollonia Maldonato

Photo courtesy of hearsttelevision.com

Hearst Television Inc.

300 W 57th St.

New York, NY, 10019 United States

(212) 887-6800

http://www.hearsttelevision.com

About Hearst Television Inc. [1]

Hearst Television Inc. is the broadcasting arena of the Hearst Corporation. It is comprised of 29 television stations and two radio stations. Its stations reach as many as 18% of households in the United States spanning over two dozen markets. It is one of the nation’s largest television groups. The company owns several ABC and NBC affiliate stations. They also have two radio stations in Baltimore as well as two CBS affiliate stations. Hearst Television leads the convergence of local broadcast television and the Internet through its partnership with Internet Broadcasting. The company started trading privately in 2009 after becoming privately owned by Hearst Corporation.

Key Executives:

David J. Barrett [2], Chairman and Chief Executive Officer of Hearst Television Inc. began working for Hearst Corporation in 1984 as the general manager of the company’s Baltimore radio stations. He was appointed CEO of the company in 2001. Barrett has received several awards in the industry including being inducted into the Broadcasting & Cable Hall of Fame in 2008 and being named Broadcasting & Cable magazine’s 2004 “Broadcaster of the Year.” Jordan Wertlieb [3], President of Hearst Television, began working for Hearst Corporation 1993 and was named the company’s president in December 2012. He also serves as the President- Chairman of the NBC Affiliate board.

Frank Biancuzzo [4], Senior Vice President of Hearst Television, began working for the company in 1995 when he served as the Vice President of Marketing and Promotion. He later became the President of the Hearst Television ABC station in Milwaukee from 2002 until 2007. He was appointed to be a Senior Vice President in 2007. He also has a role of Hearst Television Group Head.

John J. Drain [5], Senior Vice President of Finance, began working at Hearst in 2010 when he was appointed the Senior VP of Finance. Before working for Hearst Television, he was the Vice President of Finance and Administration for the advertising sales division of Comcast Cable Corporation, Comcast Spotlight.

Click for more information on important people at Hearst Television

Competition [6]

Some major industry competitors of Hearst Television are:

Sinclair Broadcast Group Inc.
Raycom Media Inc.
Local TV, LLC

Financials [7]

The last annual report available to the public was published in 2008. During this year the the company had earned $755,738 in revenue. In 2009, Hearst Corporation acquired Hearst- Argyle and it became Hearst Television, a wholly owned component of the company. Since the acquisition, it is no longer a publically traded company and its financial statements are unavailable. However, according to Crain’s New York Business, the company has earned a revenue of almost $10 billion, a $1 billion increase from its 2012 revenue which was slightly more than $9 billion. [8]

Brief History [9]

Photo courtesy of onedomain.com

Hearst Corporation was founded in 1928 when it entered the broadcasting world by acquiring WSOE Radio Milwaukee. Since its original acquisition, the company has bought out dozens of other TV and radio stations. Hearst merged with Argyle Television in 1997 to form Hearst- Argyle Television. The company was publicly traded, first on Nasdaq until 1998 and then transferred to the New York Stock Exchange where it was public until 2009 when the company became wholly owned by Hearst Corporation. The name was officially changed to Hearst Television.

Hearst Television’s Current Expenditures:

Hearst Television’s Upward Spiral

Photo courtesy of cronkiteaward.org

Although Hearst Television is not a commonly spoke of company, its role in political coverage through the years has made Hearst Television a staple in news broadcasting. A challenge for the entirety of Hearst Corporation is finding new businesses that can help define the future of Hearst. The company is currently spiraling upwards, and Hearst Corporation CEO, Steven Swartz and Hearst Television CEO, David Barrett, are striving to find new ways to keep the company heading in this direction. The company has won six consecutive Walter Cronkite Awards for its coverage of politics and is the media leader in political coverage. The Hearst Television group has been successful in local advertising as well as solid coverage of elections. [10]

Improving the TV Viewing Experience

An article published by TV Technology on November 7 stated that Hearst Television Inc has fully incorporated Matrix Solutions’s web-based media CRM and sales analytics solution into all of its TV stations. The complete implementation process took a total of ten weeks to complete. According to Al Lustgarten, vice president of IT for Hearst Television, “Hearst Television’s objective was to find a CRM solution with a partner that understands the broadcast business model and could provide software as a service model.” The Matrix system allows access by means of the web or mobile device. It normalizes data saving time in analyzing it. This is extremely useful at a corporate level. [11]

Hearst vs. Aereo: A Copyright Fight

Hearst Television appeared in federal last month in a plea to shut down the internet streaming website startup, Aereo. The federal court denied Hearst’s request and decision could lead to a supreme court case. The website is unlawfully using copyrighted content from WCVB, Hearst Television’s ABC affiliate Boston TV station, for profit. The law suit was originally filed by Hearst in July. The Judge had decided that the compnay did not make its case and the victory went to Aereo. However, other major broadcasters are fighting the same battle with Aereo’s, so-called, unconstitutional practices. [12]

A Visit to UNC Chapel Hill

Just last week, Hearst Televsion CEO, David Barrett and ABC News President, Ben Sherwood headlined at the Wade H. Hargrove Communications Law and Policy Colloquium at University of North Carolina, Chapel Hill. The two men shared their own remarks on what they believed would be the “Future of Televsion News.” they then engaged in an open discussion with the audience. During his visit, Barrett shared a conversation with Dean Susan King of the UNC School of Journalism and Mass Communication. The two discussed disruptive media in today’s culture as well as the reputation Hearst strives to uphold in society. [13]

Conversation between David Barrett and Dean of UNC Chapel Hill School of Journalism

Support of New Technologies: Investment in Roku

Photo courtesy of amazon.com

Roku, an internet set-top box company, had earned $60 million in funding. One of the companies that invested in Roku was Hearst Television. The company sells softball size boxes that allow consumers to stream music and videos. Roku is currently collaborating with consumer-electronics to have merchandise with Roku readily installed.The Senior Managing Director at Hearst, Ken Bronfin, said in a statement about Roku’s product that Hearst is very impressed about the unique position that Roku has constructed in the media market and they anticipate working with them to develop other innovative services for television audiences. CEO of Roku is grateful for the recognition of his brand’s potential success in the market and belief in the Roku platform. Hearst’s, along with other companys’ generous funding was necessary for this product to potentially re-frame future television consumer experiences. [14]

Hearst Ahead of the Times: The Next Generation Newsroom

Hearst Television’s new project, The Next Generaton Newsroom, is giving reporters, photographers, and producers the latest technology so they can update news on all platforms. The state of the arc technology has changed the way the newsrooms operate. Although the consumers do notice the change, they expect it. Brian Bracco, Vice President of News at Hearst Television Inc. states that with all of the new platforms and methods of spreading news, there is no more exciting time than the present to be in the media business. [15]

Watch “The Next Generation Newsroom” Video

Conclusion

Over the years, Hearst Television has developed innovative ways to better the TV viewing experience. The company has earned a renowned reputation due to its outstanding coverage on politics. Hearst continues to strive to be one of the best television companies in this fast paced world.

Sources

[1] About Hearst Televsion

[2] David J. Barrett

[3] Jordan Wertlieb

[4] Frank Biancuzzo

[5] John J. Drain

[6] Competition

[7] Financial Information

[8] More Financials

[9] History of Hearst

[10] Hearst on a role

[11] Implementing Matrix Solutions

[12] Lawsuit with Aereo

[13] A Visit to UNC Chapel Hill

[14] Investment in Roku

[15] Next Generation Newsroom

Focus Features

Posted on November 2, 2013 by Iara Rogers Benchoam

By Iara Rogers Benchoam

LOS ANGELES OFFICE

100 Universal City Plaza

Universal City, CA 91608

NEW YORK OFFICE

65 Bleecker Street – 3rd Floor

New York, NY 10012

INTERNATIONAL OFFICE

26 Aybrook Street

London W1U 4AN

United Kingdom

HISTORY

Focus Features is the sister company of NBCUniversal. The art-house unit of Universal Pictures, Focus produces and distributes specialty films in the U.S. and distributes films globally through Focus Features International. Focus aspires to challenge its viewers with controversial issues and deep concepts. Focus formed in 2002 with the merge of USA Films, Universal Focus, and Good Machine In February 2011, Focus Features partnered with Screen Media and launched Focus World, a VOD (video on demand) label aimed to bringing global and indie films to audiences across multiple platforms. Focus World films released to date include Resurrect Dead, C.O.G., and Underground: The Julian Assange Story. [1] Currently, Focus is undergoing changes in key executives and domestic headquarters with the merge of FilmDistrict. [2]

Focus’ competitors are DreamWorks Studios, Lionsgate Entertainment Corp, and The Independent Film Channel LLC. These companies share values of specialty and high-quality produced films.

Brokeback Mountain, The Kids are All Right, Anna Karenina, Atonement, and Milk, are a handful of Focus’ Oscar wins and nominations. [3] Focus Features releases approximately 5 feature films annually. There is an expected bump up in yearly releases with the evaporation of FilmDistrict into Focus Features.

KEY EXECUTIVES

James Schamus and Peter Schlessel

Among being the co-founder and CEO to Focus, James Schamus is a screenwriter, producer, and a fervid pursuer of the art-house genre. Schamus’ notable filmography includes Hulk and Brokeback Mountain. With the merge of Focus’ and FilmDistrict, Peter Schlessel, a professional of the studio and specialty films, will take over as Focus Features’ CEO starting January 2014. [4]

Andrew Karpen and Adrian Alperovi

Adrian Alperovich will run as chief operating officer with the changes in January 2014, taking the place of Andrew Karpen who declined the offer to move to LA with the new Focus Features headquarters. [5] As co-chief executive officer, Karpen managed Focus’ international and domestic activities.

FINANCIALS

Focus Features’ annual and quarter financials are private. Since its launch in 2002, Focus Features has undergone a plummet in the box offices. In an effort to change the company’s unprofitability, Universal Pictures pushed for the merge between Focus and FilmDistrict, a change in headquarters and executives, more commercialized productions, and an increase of 10 films produced and distributed annually by the improved Focus Features. [6]

2013 marks Focus’ first year with 10 releases. An overall gross profit of $86.4 million is perceived as low in comparison to the $131.2 million in 2012 with only 7 releases. There was a -34.1% decrease in annual gross between 2012 and 2013 and a -29.9% decrease when comparing 2011 and 2013 box offices. [7]

FILMDISTRICT MERGE

October 2013, Universal Pictures, the parent company to Focus Features, announced the absorption of FilmDistrict into Focus Features with new CEO, Peter Schessel. Schessel officially begins as head of Focus Features January 2014 in the new Los Angeles headquarters. The revamped Focus Features company plans to bring in most of the FilmDistrict team alongside Peter Schessel and Adrian Alperovich. [8]

“The breadth and depth of Peter’s experience in the film business including production, acquisitions, distribution and most recently running FilmDistrict, will be a tremendous asset to Focus Features as the company broadens its portfolio beyond the production and distribution of specialty product,” said Universal Pictures chairman Donna Langley. “Peter is one of the most talented executives in the industry and I’m confident that under his leadership, Focus will become even more of a force as the specialty film business continues to evolve.” [9] Under Schessel’s administration starting January 2014, the remaining FilmDictrict productions will be released as a part of Focus Features films.

The merge serves to build Focus’ global footprint by increasing commercial films, broadening film styles, and raising annually released films to 10. These goals will further structure and change the art-house film unit and expand the company’s range of audiences. The absorption of FilmDistrict and part of its professional team will escalate Focus Features to a status above its specialty competitors.

THE WORLD’S END

Released: August 23, 2013

Following the success of Hot Fuzz (2007) and Shaun of the Dead (2004), director Edgar Wright takes on a new, explosive production with The World’s End. Director Edgar Wright’s The World’s End, tells a story about the reunion of five lifelong friends who rekindle over a drinking game but face obstacles of the apocalyptic degree. The reunited team, Simon Pegg and Nick Frost, fight for the future humankind in The World’s End. [10]

Opening weekend The World’s End ranked fourth with $8,811,790 in 1,551 theaters. Currently in its 13th week, The World’s End grossed about two times as much as its budget with $46,074,336 worldwide. [11] The third in Wright’s Cornetto trilogy, The World’s End expected to soar inside and outside target audiences. With continual decrease in weekend gross, the theater count dropped dramatically every weekend, adding to the overall decrease in The World’s End profitability for Focus Features.

FUTURE

The future for Focus Features revolves around the changes in the company, innovation in a multi-platform world, oscar buzz, and additional films set for release from both FilmDistrict and Focus’ slate.

Among Focus’ four theatrical releases of 2013, Dallas Buyers Club holds the most praise and interest. Based on true events, Dallas Buyers Club tells the story of a life-enthusiast, Ron Woodroof (Matthew McConaughey), diagnosed with H.I.V.. Woodroof refuses to believe his scheduled demise in 30 days and challenges the scientific and medical community by smuggling unapproved treatments and medicines to the U.S. from Mexico. On his journey, he befriends a fellow AIDS struggler and transsexual, Rayon (Jared Leto). Together they form a buyers club to sell and distribute new HIV medicines. A story on the education, acceptance, and struggle of the AIDS epidemic, Dallas Buyers Club takes on a topic still toxic and hidden in todays world. [12]

With its initial release, Dallas Buyers Club is receiving Oscar buzz for Matthew McConaughey and Jared Leto’s work. The film gained initial recognition and buzz in the Toronto International Film Festival alongside Jason Bateman‘s Bad Words. Focus Features bought the rights to distribute the two films at TIFF and expect high successes. [13]

Focus Features is currently producing Bad Words to be released March 2014, Boxtrolls to be released September 2014, and 50 Shades of Grey to be released February 2015. With the new merge, the company plans on releasing the slate that FilmDistrict carries, alongside their own slate. Universal Pictures took an educated leap with this merge; only the future will tell if Focus will prosper as a production company or flop as an amateur partnership.

SOURCES

[1] IndieWire- Focus World Launch

[2] Google Finance- Focus Features

[3] Yahoo- Focus Features Summary

[4] Hollywood Reporter- Focus 2014 CEO Changes

[5] Variety- Focus 2014 Co-CEO Changes

[6] WSJ- Focus Profit Strategy

[7] BoxOfficeMojo- Yearly Comparisons

[8] Variety- FilmDistrict Team to Focus

[9] IndieWire Focus Executives Change

[10] The World’s End Official Page

[11] BoxOfficeMojo- The World’s End Review

[12] Dallas Buyers Club Official Page

[13] Deadline- Dallas Buyers Club Oscar Buzz

IMAGE SOURCES

From top

1. WordPress- Focus Features Logo

2. Hollywood Reporter- CEO, Old and New

3a. NBCUMV- CoCEO Karpen

3b. Homemedia Magazine- FilmDistrict Alperovich

4. Firstshowing.net- FilmDistrict Merge into Focus Features

5. DraftHouse- The World’s End Poster

6. BoxOfficeMojo- The World’s End

7. BlackSheepReviews- Dallas Buyers Club Poster

8. BoxOfficeMojo- Dallas Buyers Club

Paramount Pictures

Posted on November 1, 2013 by Shaugnessy Elsroth

By Shaugnessy Elsroth

Paramount Pictures Logo [19]

Paramount Pictures Corporation

5555 Melrose Avenue
Hollywood, CA 90038
323.956.5000
www.paramount.com

A Brief Overview

Adolph Zukor – Founder [20]

Paramount Pictures Corporation is a subsidiary of the top ranked media firm Viacom. It globally produces and distributes filmed entertainment. The corporation was founded in 1912 by Adolph Zukor and was originally known as the Famous Players Film Company. In 1994, Viacom acquired Famous Players and renamed it to Paramount Pictures. The company annually releases twelve different movies and distributes them through its Paramount Home Entertainment. 2012 marked Paramount’s 100th year anniversary and despite being one of the oldest motion picture companies in America, they show no signs of slowing down any time soon. [1] [2]

Key Executives

Brad Grey – CEO [21]

Brad Grey

Grey is the Chairman and Chief Executive Officer for Paramount Pictures Corporation and has held the position since 2005. He is in charge of all development and production generated by Paramount Motion Picture Group. Aside from Paramount Pictures, the Group includes Paramount Vantage and Insurge Pictures. [3]

Mark Badagliacca – CFO [22]

Mark Badagliacca

Since 2000, Badagliacca has served as Paramount Pictures Corporation‘s Executive Vice President and Chief Financial Officer. He is in control of the finances, treasury, accounting and financial planning for the corporate company. [4]

Fredrick Huntsberry – COO [23]

Fredrick Huntsberry

Huntsberry started his position as the Chief Operating Officer for Paramount Pictures Corporation in 2006. As the C.O.O, he manages the planning and operations for the studio, including their financial department, IT department, and human resources. [5]

In Memory Of

A. C. Lyles

A. C. Lyles [24]

On September 27, 2013, Paramount‘s well-known producer and employee of over eighty-five years, Andrew Craddock Lyles, passed away at the age of 95. Lyles’ affiliation with the company began when he was only 10 years old, as he handed out fliers for a local theatre owned by Paramount in his hometown in Florida. His career in Hollywood began when he started working in the mail room at Paramount. He later moved up to become a studio publicist and further onto a producer. His wife, Martha Vickers, survives him and has asked for donations in honor of her husband to be sent to the Motion Picture Fund. [6]

In the News

End of Summer Double Feature Special

Double Feature Special Promo [25]

From August 30^th to September 5^th, Paramount Pictures Corporation offered moviegoers a special double feature experience to see two of its big summer blockbuster hits, Star Trek Into Darkness and World War Z for the price of one ticket. Select theaters offered this limited opportunity in both 2D and RealD 3D; AMC Theatres, Carmike Cinemas, Marcus Theatres, and Regal Cinemas. [7] [8] [9]

For an external link to view this trailer, click here. [26]

Star Trek Into Darkness originally came out May 16 and during its opening weekend it generated $70,165,559 in the domestic box office. From opening weekend to August 25 it brought in $227,377,844. The weekend before this special double feature only added $106,356 to the total revenue, but with the introduction of the two for one deal, the weekend from August 30 to September 2 added $1,056,014 to their overall gross, increasing the total profits to reach $228,756,232. [10]

For an external link to view this trailer, click here. [27]

World War Z was released on June 21 and brought $66,411,834 in sales during its first weekend at the domestic box office. Up until August 30, $198,854,941 was generated for its revenue. The weekend before the special feature produced a small profit of only $314,920. With the introduction of the two for one deal however, the weekend of September 3 increased the gross income with an additional $1,650,374. Ultimately, after October 6, World War Z’s overall revenue totaled to $202, 349,504. [11]

Bad Grandpa

Bad Grandpa Advertisement [28]

Paramount Pictures Corporation‘s most recent comedy, Jackass Presents: Bad Grandpa was released on October 25. The movie is the fourth installment in the Jackass movie series, which is based off of the hit MTV reality series produced by DickhouseTV, where the cast is known for their self-injuring stunts and pranks. Johnny Knoxville stars as the lead character, Irving Zisman, who takes a road trip with his grandson and ridiculousness ensues.

For an external link to view this trailer, click here. [29]

The film collected $32,055,177 in its opening weekend, toppling Warner Bros.‘s drama Gravity, which only raked in $20,135,387 that weekend. [12] [13] Analysts were waiting for something to take out Gravity, since it had stayed at the top of the movie charts for its first three weeks, and Bad Grandpa did the job. After four weeks in theaters, Bad Grandpa has thus far accumulated $90,202,000, which is just shy of its $100 million goal. [12] [14]

Trimming Positions

Paramount Pictures California Headquarters [30]

In the beginning of October, Paramount Pictures stated that 110 job cuts will be made spanning its worldwide offices. In a recent statement, Chief Operating Officer Fredrick Hunstberry announced that reductions are being made to five percent of the company’s 2,200-person workforce. [15] The departments impacted are finance, human resources, and information technology, international home-media distribution, legal and marketing. [16] The company’s intent is to reorganize the corporation in order to better adapt themselves to the film industry’s increasing competition. [15]

What’s Coming Up?

Release Date Change

The Wolf of Wall Street Promo [31]

The Wolf of Wall Street is Leonardo DiCaprio’s latest movie where he plays the wealthy stockbroker, Jordan Belfort. Over Belfort’s years as a swindler, he developed a serious drug addiction, getting wrapped up in the rich party lifestyle and refused to cooperate in a large fraud case pertaining to corruption on Wall Street. Martin Scorsese is the director of this black comedy, which is based on Belfort’s self-titled memoir. Jonah Hill and Matthew McConaughey are among other cast members. [17]

For an external link to view this trailer, click here. [32]

The film was originally set to be released November 15, and has since been changed to come out in theaters on Christmas day, December 25. [18] The purpose of the set back is due to issues surrounding the movies long length of three hours, as well as a debate pertaining to its potential NC-17 rating. As a result of the setback, other studios are left scrambling to refigure their movie schedules. Sony has pushed back its release date for The Monuments Men from December 18 to February 7^th of next year. The RoboCop remake has thus been postponed and will now be coming out in theaters on February 12^th. For Paramount, their initial holiday movie Jack Ryan: Shadow Recruit, is now set to come out January 7, 2014. Ultimately, the process of changing one release date shows how problematic and chaotic the procedure for movie scheduling is during “Oscar season”. [18]

Sources

1) http://www.paramount.com/100-years-paramount/paramount-story
Retrieved September 8, 2013

2) http://www.hoovers.com/company-information/cs/company-profile.Paramount_Pictures_Corporation.454f21dcb6c08c2b.html
Retrieved September 8, 2013

3) http://www.paramount.com/inside-studio/studio/executives/meet-executives/brad-grey
Retrieved September 8, 2013

4) http://www.paramount.com/inside-studio/studio/executives/division-executives/mark-badagilacca
Retrieved September 8, 2013

5) http://www.paramount.com/inside-studio/studio/executives/meet-executives/fedrick-huntsberry
Retrieved September 8, 2013

6) http://variety.com/2013/film/news/paramounts-longest-employee-a-c-lyles-dies-at-95-1200682146/
Retrieved October 10, 2013

7) http://www.marketwatch.com/story/paramount-pictures-and-leading-exhibitors-announce-star-trek-into-darkness-and-world-war-z-double-feature-2013-08-27
Retrieved September 8, 2013

8) http://www.paramount.com/news-and-social-media/news-and-press-releases/paramount-pictures-and-leading-exhibitors-announce
Retrieved September 8, 2013

9) http://blogs.wsj.com/speakeasy/2013/08/27/star-trek-world-war-z-bring-back-double-feature/
Retrieved September 8, 2013

10) http://www.boxofficemojo.com/movies/?page=weekend&id=startrek12.htm
Retrieved November 15, 2013

11) http://www.boxofficemojo.com/movies/?page=weekend&id=worldwarz.htm
Retrieved November 15, 2013

12) http://www.boxofficemojo.com/movies/?page=weekend&id=badgrandpa.htm
Retrieved November 18, 2013

13) http://www.boxofficemojo.com/movies/?page=weekend&id=gravity.htm
Retrieved November 15, 2013

14) http://www.bloomberg.com/news/2013-10-27/-jackass-presents-bad-grandpa-unseats-gravity-at-box-office.html
Retrieved November 9, 2013

15) http://ca.news.yahoo.com/viacoms-paramount-pictures-trim-110-positions-5-per-231256454–finance.html
Retrieved October 10, 2013

16) http://www.bloomberg.com/news/2013-10-01/viacom-s-paramount-film-unit-cites-competition-for-110-job-cuts.html
Retrieved October 10, 2013

17) http://www.thewolfofwallstreet.com
Retrieved November 15, 2013

18) http://www.forbes.com/sites/scottmendelson/2013/10/28/leonardo-dicaprios-the-wolf-of-wall-street-causes-release-date-musical-chairs/
Retrieved November 9, 2013

19) http://www.jennielsen.com/wp-content/uploads/2012/12/Paramount-Pictures-Logo.jpg
Retrieved November 17, 2013

20) http://paramount.com-beta.com/admin/uploads/General_Info/Adolph_Zukor_2.jpg
Retrieved November 17, 2013

21) http://www1.pictures.gi.zimbio.com/Brad+Grey+Paramount+Vantage+Premiere+Mighty+jJ5m5KVsU9xl.jpg
Retrieved November 17, 2013

22) http://www.paramount.com/sites/default/files/styles/large/public/mark-badagliacca.jpg?itok=jWtDpIeh
Retrieved November 17, 2013

23) http://www.planningreport.com/files/styles/article_thumbnail/public/field/image/Huntsberry,%20Frederick.jpg?itok=tnyFF0Or
Retrieved November 17, 2013

24) http://www.hollywoodreporter.com/sites/default/files/imagecache/blog_post_349_width/2012/04/lyles_a.jpg
Retrieved November 17, 2013

25) http://wpc.556e.edgecastcdn.net/80556E/img.news/NEhkyiViSKxhlh_1_3.jpg
Retrieved November 17, 2013

26) http://www.youtube.com/watch?v=r5gdbUC9mWU
Retrieved November 17, 2013

27) http://www.youtube.com/watch?v=Md6Dvxdr0AQ
Retrieved November 17, 2013

28) http://static.squarespace.com/static/51b3dc8ee4b051b96ceb10de/t/52376e8de4b072186ca877ea/1379364496981/hr_Jackass_Presents-_Bad_Grandpa_6.jpg
Retrieved November 17, 2013

29) http://www.youtube.com/watch?v=tctgUr147zA
Retrieved November 17, 2013

30) http://cdn.videogum.com/files/2011/09/paramount_pictures.jpg
Retrieved November 17, 2013

31) http://www.cinemablend.com/images/news/38097/_1371450399.jpg
Retrieved November 17, 2013

32) http://www.youtube.com/watch?v=iszwuX1AK6A
Retrieved November 17, 2013

Time Warner Cable

Posted on November 1, 2013 by Jordan Horowitz

By Jordan Horowitz

Time Warner Cable Logo [1]

Time Warner Cable Inc.
60 Columbus Circle
New York, NY 10023 USA
(212)-364-8200
www.timewarnercable.com
[2]

About

Time Warner Cable is a dominant provider of video, high- speed data and voice services in the United States. Through the years, its technical innovation through the use of fiber optics has helped establish itself as a leader in the cable industry. Time Warner Cable was the first cable company to be recognized with an Emmy Award and has been honored with eight Technology and Engineering Emmys. In 2007, Time Warner Cable became a public company and two years later an independent one as it separated from Time Warner Inc. [3]

Today, Time Warner Cable is the second largest cable provider in the nation, serving in 29 states. Its quality services have built its strong sectors of its company including the residential services, Time Warner Cable Business Class and Time Warner Cable Media. For the consumer’s home, Time Warner Cable offers television, Internet and phone services and IntelligentHome, which is a home security and energy management system. [4] Time Warner Cable Business Class offers Internet, network, cloud, television and voice services for all types of businesses. [5] Time Warner Cable Media is the advertising sales section of the company, which focuses on helping marketers and agencies with affordable and targeted marketing strategies and solutions. [6]

Glenn A Britt: Chairman & Chief Executive Officer [7]

Robert D. Marcus: President & Chief Operating Officer [8]

Ellen M. East: Executive Vice President & Chief Communications Officer [10]

Arthur T Minson, Jr.: Executive Vice President & Chief Financial Officer [9]

Last month, Glenn Britt, the Chief Executive Officer of Time Warner Cable for the past 12 years, announced he is receiving treatment for cancer and will work until his retirement, which was planned for the end of this year. Current Chief Operating Officer, Robert Marcus will be taking over both of his positions as Chairman and CEO. [11]

Arthur Minson will be speaking at the Morgan Stanley Technology, Media and Telecoms Conference, which is held in Spain, this month. [12]

Financials/ Recent Developments

Time Warner Cable Inc. (TWC) Stock Chart Over The Past Five Years [17]

A few weeks ago, Time Warner Cable reported its 2013 third quarter results, which ended on September 30^th. Regarding financials for this quarter, Time Warner Cable’s total revenue of 5.5 billion grew 2.9% from its 5.3 billion last year (9/30/2012). [13] Its share price today is 121.53 and has been trending steadily upward, along with its whole sector, for the last five years. [14] The company took a hit with subscriber activity this quarter as customer relationships dropped from 15.2 million (9/30/2012) to 15.1 (9/30/2013). In addition, residential video subscribers and residential voice subscribers decreased from 12.1 million (9/30/2012) to 11.4 (9/30/2013) and from 4.9 million (9/30/2012) to 4.8 million (9/30/2013), respectively. In contrast, residential high- speed data subscribers increased from 10.8 million (9/30/2012) to 11.1 million (9/30/2013). [15] [16]

[20]

Time Warner Cable began this fall closing a retransmission contract deal with CBS. This agreement finally ended the month long blackout, during which three million Time Warner Cable subscribers did not have access to CBS programming. The blackout affected major markets such as Los Angeles and New York and Time Warner Cable was eager to meet a deal as the NFL season was rapidly approaching. [18] This vastly dragged out dispute greatly contributed, this past third quarter, to the company’s steepest quarterly loss of television subscribers in its history. At an attempt to stop its loss of customers, Time Warner Cable dispersed credits to its subscribers of Showtime, CBS’ premium cable channel, ultimately losing around $15 million. [19]

[23]

Time Warner Cable has been working and succeeding to reach a larger number of business customers. Third quarter reports displayed business services revenue increased 20.5% from 493 million (9/30/2013) to 594 million (9/30/2013). [16] Last month, Time Warner Cable came into an agreement to buy DukeNet Communications. This deal with Duke Energy Corporation and Alinda Capital Partners, who currently own DukeNet, is planned to close in the first quarter of next year costing Time Warner Cable $600 million. [21] DukeNet Communications is a fiber optic network company reaching seven states in the Southeast of the country, as they are centered in Charlotte, NC. This is key for Time Warner Cable’s business customer base growth, as DukeNet offers data and high capacity bandwidth services to customers including wireless carriers, data centers, enterprises and government affiliates. [22]

TWC’s Wifi Finder app helps locate the nearest hotspot. [25]

As well as its DukeNet deal, Time Warner Cable has been making huge progress in the Charlotte region. Making a multimillion-dollar investment in a public WiFi network back in 2012, the Charlotte network has grown from its original 200 hotspots to 1,700 today. These hotspots allow people to have a great Internet connection outside of their home in various places throughout the city. Time Warner Cable Internet subscribers have free access and non-subscribers can use the hotspots on a pay-as-you-go basis. The project has a big future as Time Warner Cable is working on implementing its hotspot network in New York City, Austin, Kansas City, Hawaii and Southern California. With a strong focus on its business customers, Time Warner Cable will soon be able to efficiently keep people connected outside the office and home. [24]

[28]

Time Warner Cable has recently made a deal with Univision Communications Inc. that will positively influence its reach to the Hispanic America community. The renewal of their previous agreement had expanded the variety of Hispanic networks and content for Time Warner Cable subscribers. Univision is allowing Time Warner Cable to be one of the first distributors to provide its new cable network, El Ray. As an English language network, El Ray targets adolescents and plans on having diverse entertainment content ranging from television series to movies and sports. [26] Also, customers will now have access to other new networks including, Univision Deportes, FOROtv and tlNovelas. The deal further entails a multiplatform distribution plan, where Time Warner Cable subscribers will be able to receive content through VOD and digital platforms. Univision’s UVideos and Univision Deportes digital properties will now also be available for Time Warner Cable customers. [27]

[31]

[32]

Along with Univision, A+E Networks and Sprout have also recently renewed their distribution agreements with Time Warner Cable. As a multi-platform deal between A+E and Time Warner Cable, customers will be provided with A+E’s diverse networks and will have authenticated access to their corresponding apps. In addition to receiving networks such as A&E, Lifetime, and HISTORY, “TV Everywhere” content for Time Warner Cable’s out of home platforms and VOD content will be offered. [29] Regarding Time Warner Cable’s deal with Sprout, they are expanding the distribution of Sprout beyond New York and Los Angeles to many other markets throughout the country to increase its reach to 60 million homes. Sprout is the first all day and night preschool network with interactive programming offering a great experience to children and their parents. [30]

References

[1] Time Warner Cable Logo
[2] Time Warner Cable Contact
[3] About Time Warner Cable
[4] Time Warner Cable Residential
[5] Time Warner Cable Business Class
[6] Time Warner Cable Media
[7] About Glenn Britt
[8] About Robert Marcus
[9] About Arthur Minson, Jr.
[10] About Ellen East
[11] CEO Transition
[12] Minson At Conference
[13] Revenue Growth
[14] Share Price
[15] 2013 Third Quarter Reports
[16] 2012 Third Quarter Reports
[17] TWC Stock Chart
[18] CBS Blackout
[19] TWC’s Loss of Subscribers
[20] CBS/NFL Logo
[21] DukeNet Deal
[22] About DukeNet
[23] TWC/ DukeNet Logo
[24] Charlotte Hotspots
[25] Wifi Finder Logo
[26] About El Ray Network
[27] TWC/ Univision Deal
[28] Univision Logo
[29] TWC/ Univision Deal
[30] TWC/ Sprout Deal
[31] A+E Networks Logo
[32] Sprout Logo

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