iHeart Media & Entertainment

Posted on October 16, 2016 by Barbara

Niko Santore and Aria Sivick

[1] iHeartMedia Incorporated logo

Company Overview

iHeart Media Incorporated is an entertainment company who provides radio programming and live entertainment worldwide. Evolving from iHeart Communications Inc, the company now operates Clear Channel Outdoor Holdings and iHeartMedia, whose assets reach worldwide. The two divisions of iHeart Media Inc strive to support each other in advertising and entertainment, covering a record setting 150 markets and operating through 850 stations in the U.S., and supporting 245 million monthly listeners. Including iHeart Radio, the company hosts an impressive array of online and mobile services such as real time traffic services, live concerts and entertainment, and program syndication. The goal of the company is to design a more innovative and dynamic future that supports a strong digital footprint on a diverse, accessible mobile platform. [2]

[3] The iHeart Family

Key Executives

Bob Pittman – Chairman and Chief Executive Officer [17]

Richard J Bressler – President Chief Operating Officer and Chief Financial Officer [18]

Wendy Goldberg – Executive VP and Chief Communications Officer [18]

Robert H. Walls, Jr. Executive Vice President and General Counsel [18]

Gayle Troberman – Executive Vice President and Chief Marketing Officer [18]

Scott Wells Chief Executive Officer, Clear Channel Outdoor Americas [18]

William Eccleshare –
Chairman and CEO, Clear Channel International [18]

John Sykes –
President of Entertainment Enterprises [18]

Steve Mills Global Chief Information Officer[18]

Business Module

[4] Clear Channel Outdoor Logo

In the face of a growing digital age, in 2014, Clear Channel Communications renamed itself iHeart Media in an effort to face the competition of Pandora and Spotify. iHeart Media was and is their most successful digital brand, and in order to converge to the digital age (and scoop themselves out of the $20 billion debt left from their equity buyout in 2008) Clear Channel Communications decided that iHeart and its several platforms was the appropriate label for their brand.[5] iHeartMedia works with Clear Channel Outdoor in order to expand their digital footprint and advertise in the most accessible and relatable method to their consumers. The company is one of the world’s top advertising leaders; it operates in more than 40 countries spanning 5 continents. With over 640,000 displays, it reaches 45 out of 50 of the largest markets in the United States. [6]Clear Channel Outdoor’s market reach makes the company one of the most valuable subsidiaries to market, with an increasing operating income of 14.7% to $60.8 million in the third quarter of 2016. [7]

Current News

[8]A featured performance from last year’s Jingle Ball Tour

In time for the Holidays, iHeart Radio has announced it’s line up for the Jingle Ball Tour, sponsored by Capital One. The Jingle Ball Tour is on the company’s largest sources of annual income. Celebrities such as Bruno mars, Justin Bieber, and Britney Spears will be performing. With tickets ranging from $50 to $160, the tour stops will be stopping cross country in big cities such as Dallas, New York, and San Francisco. The tour is integral to the iHeart Radio’s merit and diversity, as it is the number one leading free-all access online audio platform, reaching its 90 million listeners faster than any other digital company, including Facebook. Not only does the tour prove beneficial with exclusive deals for Capitol One customers, the tour also allows the company room for philanthropy networking. For the fourth consecutive year, iHeart Radio will partner with the Ryan Seacrest Foundation to provide an entertaining experience for hospitalized children. The Jingle Ball Tour this year will also prove integral to the subscriber and fanbase as iHeart Radio Plus and iHeart Radio All Access – two new subscription services will be released in January 2017. [9]

[10]Heart Radio All Access Promotional Logo

iHeart Radio All Access, to be released in January 2017, will mark the start of an on demand business module. The brand will now be a top competitor amongst other services such as Spotify, which allow you to listen to any song you’d like at any given time. iHeart Radio Plus will offer a unique enhanced experience to listeners. It is a different subscription service than iHeart Radio All Access, and will allow users to listen ad-supported content as well as give listeners access to other features that competitors such as Spotify do not offer. The company also stated that they are looking to bring music collection and music discovery into one entity, as 73% of consumers report their number one source of discovering music is from radio streaming. [11]

iHeart Radio is certainly the talk of the town of the company, racking in the most news (and profits) with the upcoming music festival and all-access radio streaming. The iHeart Radio app has recently hit 92 million users, according to CFO Richard Bressler. Digital listening only makes up 10% of the market, the other 90% falling under broadcast radio. This statistic, however, only leaves the market more open to the iHeart Radio and its 269 million monthly subscribers. [12]

Finances

iHeart Media’s third quarterly report of 2016 shows a revenue of $847 million (a 2% increase from 2015). Even though their revenue increased, their income before depreciation was close to 2015 at $326 million. Registered users for their streaming application increased by 35 percent (75 million total users), and usage of their application increased by 21 percent in quarter three [13]. iHeart Media’s flat income comes from Clear Channel Outdoor Holdings, “one of the world’s largest outdoor advertising companies, operating in some 30 countries across North America, South America, Europe and Asia-Pacific,” which saw an OIBDAN decrease of 13 percent for their international market [14]. iHeartRadio needs its new streaming services, iHeart Radio All Access and Plus to do well so that it does not fall too far behind Pandora and Spotify. iHeart’s users equate to 14.4 percent of Pandora’s and 23.3 percent of Spotify’s [16]. Even though iHeart is lagging behind Spotify and Pandora, their new take and improvement of radio with iHeart Radio All Access could close the gap between its competitors.

Google.com iHeart Media inc. stock overview [19]

(11/29/16)[15] Current Share Price (11/29/16) : $1.57

52 Week Range : $0.72 – $1.70

Average Volume : 10,910

Sources

[1] IHeartMedia Incorporated [IHeartMedia logo]. (n.d.). Retrieved November 27, 2016, from http://mms.businesswire.com/media/20150408005285/en/437799/5/iHeartMedia-02.jpg?download=1

[2] “About Us.” About Us. IHeartMedia Inc., n.d. Web. 27 Nov. 2016.

[3]IHeart Company Family. Digital image. IHeartMedia. IHeartMedia Inc., n.d. Web. 27 Nov. 2016.

[4] Clear Communications Outdoor. Digital image. MediaVillage. MediaVillage, n.d. Web. 27 Nov. 2016.

[5]Sisario, Ben. “Clear Channel Renames Itself IHeartMedia in Nod to Digital.” The New York Times. The New York Times, 16 Sept. 2014. Web. 29 Nov. 2016.

[6]“Investor Relations for Clear Channel Outdoor Holdings (CCOH).” Clear Channel Outdoor Americas. Clear Channel Communications, n.d. Web. 27 Nov. 2016.

[7]Clear Channel Outdoor Holdings, Inc. Reports, and Results For 2016 Third Quarter. “Clear Channel Outdoors Earnings Call Q3.” CLEAR CHANNEL OUTDOOR HOLDINGS, INC. REPORTS RESULTS FOR 2016 THIRD QUARTER (2016): n. pag. IHeartMedia Inc. Clear Channel Communications, 9 Nov. 2016. Web. 27 Nov. 2016.

[8]Zedd – I Want You To Know Ft. Selena Gomez (Live at the Z100 IHeartRadio Jingle Ball 2015). Perf. Selena Gomez and Zedd. YouTube. Selena Gomez Canada, 12 Dec. 2015. Web. 27 Nov. 2016.

[9]“IHeartMedia Rings in the Holiday Season with the Return of Its Iconic 2016 National “iHeartRadio Jingle Ball Tour Presented by Capital One”.” IHeartMedia Rings in the Holiday Season with the Return of Its Iconic 2016 National “iHeartRadio Jingle Ball Tour Presented by Capital One” | Business Wire. BusinessWire, 11 Oct. 2016. Web. 29 Nov. 2016.

[10] IHeart Radio All Access Promo. Digital image. BetaNews. IHeartMedia Inc., n.d. Web. 27 Nov. 2016.

[11]McAlone, Nathan. “The Biggest Radio Powerhouse in the US Just Took Aim at Apple and Spotify with a New Service.” Business Insider. Business Insider, 23 Sept. 2016. Web. 29 Nov. 2016.

[12]“IHeartRadio Hits 92 Million – Radio Ink.” Radio Ink. RadioInk.com, 10 Nov. 2016. Web. 29 Nov. 2016.

[13] “IHeartMedia 2015 Third Quarter Results.” 1998.59 (1998): n. pag. IHeartMedia. IHeartMedia Inc., 5 Nov. 2016. Web. 27 Nov. 2016.

[14]“Outdoor Advertising.” Outdoor Advertising. IHeartMedia Inc., n.d. Web. 27 Nov. 2016.

[15]“IHRT Stock Quote – IHeartMedia Inc. Cl A Stock Price Today (IHRT:OTC) – MarketWatch.” MarketWatch. Marketwatch, 29 Nov. 2016. Web. 29 Nov. 2016.

[16]“Triton Digital – Press Release – Triton Digital Releases August 2015 Top 20 Ranker.” Triton Digital. Triton Digitial, n.d. Web. 27 Nov. 2016.

[17] Bob Pittman. Digital image. AdvertisingHall. Advertising Hall, n.d. Web. 27 Nov. 2016.

[18] “Our Team.” Our Team. IHeartMedia Inc., n.d. Web. 27 Nov. 2016.

[19] “Iheartmedia+stock – Google Search.” Iheartmedia+stock – Google Search. N.p., n.d. Web. 29 Nov. 2016.

A+E Television Networks

Posted on October 14, 2014 by jlrobi03

by Jordan Robinson

A&E Television Networks

Headquarters:

235 E 45th St
New York City, NY,
United States 10017

About

A&E Television Networks (AETN), LLC is an American media company that offers a variety of television channels via cable and satellite in both the U.S. and overseas. As a joint venture between Hearst Corporation and The Walt Disney Company, AETN channels include A&E, Crime and Investigation Network, fyi, History, H2, History en Español, Lifetime, LMN, Lifetime Real Women, and Military History.¹ Spanning across multiple platforms, A&E Television Networks offers content in a variety of media forms including television programming, websites, music, and video content. Their principal competitors include the Discovery Channel, AMC Networks and Public Broadcasting Service.^{1, 2}

Key Executives:

Nancy Dubuc

Nancy Dubuc has resided as President and CEO of A&E Television networks since June of 2013. Under her charge, the network has seen rapid growth. In September 2014, Dubuc oversaw A+E Networks’ acquisition of a 10% stake in Vice Media. Dubuc has received multiple Emmy awards and nominations throughout her 15 year tenure at A+E Networks as network executive, programmer, and producer. According to Dubuc, “Great content should create an experience beyond the TV, across every platform our audience uses.” As such, she has been an integral part of the company’s convergence across multiple platforms as they try to reach a wider audience. 6

Abbe Raven

Abbe Raven was appointed chairman of A&E Television Networks in June 2013. Under her charge, A&E Networks tripled their earnings as she has overseen the company’s expanding global portfolio since April 2005. She currently serves as vice chairman on the board of directors of the NCTA and is on the boards of the NAMIC Foundation and the CTAM Educational Foundation. She also serves as vice chairman of the advisory board of the Smithsonian’s National Museum of American History. 7

History

Derived from humble beginnings, A&E Television Networks started out with a lone channel, A&E, which offered a mixture of cultural programming including jazz performances, symphonic concerts, celebrity interviews, classic movies and documentaries. After striking a deal with BBC in its first year, two thirds of their programming came from first rights to BBC content. By it’s third year of inception, A&E Television Networks was already receiving high acclaim as the greatest producer of quality arts and entertainment media in America. After widening their range of content in the late 1980’s and early 90’s, historical documentaries and off-network sitcoms were introduced along with higher ratings. ²

By the mid 1990’s, Biography and the History Channel have rapidly become the most respected and widely viewed of the Network’s programming. Grossing over 35 million subscribers by 1996, the Network decided to enter into the international market to promote their programming in countries such as Brazil, Mexico, The United Kingdom, and Canada. Currently their international networks are comprised of A&E Networks UK and A&E Networks Asia, operating over 6 channels in each market in countries such as England, Norway, Sweden, India, and Malaysia. ¹

After merging with Lifetime Entertainment Networks in 2009, A&E began to revamp their channels under the guidance of A&E Networks CEO Nancy Dubuc. As a result, the Bio channel has now merged under the fyi channel, and many stagnant shows have been dropped from their line up. 6

Acquisition of Vice Media

Early this fall A+E Networks aquired 10% of Vice Media in exchange for $250 million dollars. Similar to A&E’s objectives, the partnership and investment will fund Vice’s expansion into a wider array of global programming about news, fashion, sports, culture and more. “They are a very powerful brand, and it cannot be underestimated their ability to reach a very hard-to-reach audience,” said Nancy Dubuc, chief executive of A&E Networks. ³

Critics’ Choice Awards

As of September 2014, A&E Networks has formed a new partnership with the Broadcast Film Critics Association and the Broadcast Television Journalists Association to televise “The Critics’ Choice Movie Awards” and “The Critics’ Choice Television Awards” for 2015 and 2016. The 20th annual Critics’ Choice Movie Awards ceremony will be held on Thursday, January 15, 2015, and will be broadcast live on A&E from The Hollywood Palladium officially kicking off film award season. 5

Global Expansion

Currently A&E Networks are producing content specifically tailored toward different markets using the same shows but incorporating them into African, Asian, European, and Australian markets. Shows include Pawn UK, Pawn South Africa, Aussie Pickers, Italian Pickers, and Dance Mums. This move demonstrates their outreach to underdeveloped areas as well as areas that have never before seen such content. 9

Making HISTORY: First Ever Television + College Credit Course Now Offered

The University of Oklahoma and A+E Network’s HISTORY Channel is partnering to offer the very first TV Network-branded online course for transferablecollege credit. The course is offered to students or for the lifelong learner. The course will be instructed by award winning teacher, OU professor, and renowned historian Steve Gillon. As HISTORY Channel’s first academic course, United States, 1865 to the Present is shattering the barracade between education and entertainment.

Set to last 4 months, the interactive course will be offered during the Spring Semester, officially begining on January 12, 2015. Offering a collaborative learning experience to a wide range of students, the program combines professionally-produced and intriguing video lectures with quizzes, tests, discussion groups and social interactions between student and professor. The course also integrates multimedia resources from the HISTORY Channel’s website.

At a cost of $500, the value-priced course for college credit targets current college students looking to meet their graduation requirements, as well as high school students who wish to get a jumpstart on their college education. Upon successful completion of the course, students receive three transferable college credits that will apply to any regionally accredited school. 4

A New Production Deal with Producer Carlton Cuse

Carlton Cuse

A+E Studios has signed a three-year, first-look development agreement with prolific producer, writer, and two-time Emmy winner Carlton Cuse. This partnership marks A+E Studios’ first overall production deal with a creator/writer-producer since its inception.

Currently working as a writer/producer on five active series, Cuse has been named one of today’s most prolific producers. Currently, he works as executive producer of both “Bates Motel” and the upcoming series “The Returned” for A&E Network, in addition to “The Strain” for FX. Cuse is also in pre-production on “Colony” for USA Network. Perhaps best known for his work on “Lost,” Cuse served as executive producer, co-showrunner, and head writer with Damon Lindelof for a total of six seasons on ABC. Having received a total of 10 Emmy nominations and 2 wins for his work, Cuse continues to amaze audiences of all ages. 8

Sources

1.) “A & E Television Networks History.” History of A & E Television Networks – FundingUniverse. Web. 18 Nov. 2014. <http://www.fundinguniverse.com/company-histories/a-e-television-networks-history/>.

2.) “A&E Television Networks, LLC Company Profile – Yahoo Finance.” A&E Television Networks, LLC Company Profile – Yahoo Finance. Web. 18 Nov. 2014. <http://biz.yahoo.com/ic/47/47295.html>.

3.) Steel, Emily. “Vice Lands 2nd Investment, to Fuel Expansion.” The New York Times. The New York Times, 03 Sept. 2014. Web. 19 Nov. 2014. <http://www.nytimes.com/2014/09/04/business/media/vice-lands-2nd-investment-to-fuel-expansion.html?_r=0>.

4.) https://historychannel.ou.edu/mkwid=sSrmg0g4I|c_pcrid_56451629358_pkw_history%20channel%20college_pmt_p&utm_source=google&utm_medium=cpc&utm_term=history%20channel%20college&utm_campaign=History+Class&paidlink=1&cmpid=PaidSearch_google_History+Class_history%20channel%20college&gclid=CMPIrY3Th8ICFcxQ7AodwjcAWw

5.)”Critics’ Choice Awards.” Critics Choice Awards Blog Posts RSS. Web. 19 Nov. 2014. <http://www.criticschoice.com/movie-awards/>.

6.) “Nancy Dubuc.” A+E Networks – Life Is Entertaining. Web. 19 Nov. 2014. <http://www.aenetworks.com/about/executive/nancy-dubuc>.

7.) “Abbe Raven.” A+E Networks – Life Is Entertaining. Web. 19 Nov. 2014. <http://www.aenetworks.com/about/executive/abbe-raven>.

8.) “Carlton Cuse, A&E Sign First-Look Development Deal.” Variety. Web. 19 Nov. 2014. <http://variety.com/2014/tv/news/carlton-cuse-ae-sign-first-look-development-deal-1201326747/>.

9.) “A&E TELEVISION NETWORKS, LLC.” |Company Profile|Vault.com. Web. 21 Nov. 2014. <http://www.vault.com/company-profiles/media-entertainment/ae-television-networks,-llc/company-overview.aspx>.

Image Sources:

A&E Logo: http://www.gopusa.com/news/wp-content/blogs.dir/3/files/2013/12/ae_network.jpg

Nancy Dubuc: http://www.disneybymark.com/wp-content/uploads/2013/04/Nancy_Dubuc.jpg

Abbe Raven: http://www.buffalo.edu/content/dam/www/news/imported/hires/AbbeRaven2.jpg

Carlton Cuse: https://image-cdn.zap2it.com/images/carlton-cuse-lost-bates-motel-tca-gi.jpg

Critics’ Choice Movie Awards: http://pmcdeadline2.files.wordpress.com/2012/01/critics-choice-movie-award__120113100547.jpg

YouTube

Image

By Sean Mowry (scmowry)

[1]

Youtube LLC
901 Cherry Ave
San Bruno, CA
94066
(650) 253-0000

Key Executives [2]

Larry Page CEO and Co-Founder

Eric E. Schmidt Executive Chairman

Susan Wojcicki Senior Vice President, YouTube

History

In 2005 three PayPal employees, Chad Hurley, Steve Chen, and Jawed Karim, started up YouTube as a video-sharing site. By the end of the first year, the site had 200,000 registered users and showed more than 2 million videos a day [3]. In 2006, Google bought YouTube for 1.65 billion dollars despite copyright concerns from media corporations at the time. Google then decided to reach out and partner with the Universal Music Group, CBS Corp., Sony, and BMG Music Entertainment [4]. Now, more than 1 billion unique users visit YouTube each month and over 6 billion hours of video are watched every month on YouTube. Each minute, 100 hours of content is uploaded to YouTube and according to Nielsen, YouTube reaches more US adults ages 18-34 than any cable network. The website is a global powerhouse, with 80% of YouTube traffic coming from outside the US [5].

[18]

Finances

Google Inc. reported consolidated revenues of $16.52 billion for the third quarter, ending September 30, which is an increase of 20% compared with the third quarter report from 2013. $9.55 billion, or 58% of this revenue is from outside the United States. Net income for the third quarter is $2.81 billion, which is down from $2.97 billion in 2013. This is also lower than the second quarter net income of $3.42 billion [6]. As of 11/30/2014, Google’s stock is $541.83 [7].

[19]

Subscriptions

YouTube is continuing to roll out two new subscription services this year. The first is a wave of paid subscription channels, like those offered for free now, but without advertising. This was launched in 2013 but the website is aggressively expanding the number of channels this year. They now offer 238 channels, like NorthwoodsLeague, which is a summer baseball league comprised of top North American College players [8]. With more video online, and most of that online video is coming from YouTube, the website predicts that there will be a sizable share of the audience who would rather pay to watch the content than sit through advertising. The project is a means of offering more options, and it also follows the subscription models of Netflix or Hulu, but at a more specific scale so that the site can operate effectively the same as before the rollout [9][10].

[20]

The second subscription service launched this year is that of Music Key, which is a program that allows users to watch music videos without ads while also giving them the option to download the content onto their devices for offline listening and viewing. The mobile devices will also be able to continue playing music in the background when they switch to other programs. In addition to album tracks, Music Key offers downloads of concert recordings, remixes, unreleased rarities and cover versions recorded by others. While YouTube hails itself as “the biggest music service on the planet” it is desperately lagging behind Spotify’s 12.5 million paying subscribers [11].

In July of 2014, Google also acquired Songza, a music streaming service that specializes in offering playlists made by people that are advertised for listening at any given time or during any given mood that you want. Songza is still running as a separate service, but Google and YouTube are looking to apply the company’s expertise to their products like Google Play or Music Key [12].

In other news, YouTube now allows users to upload video in 60 frames per second, where before they were capped at 30 frames per second [13].

East Coast Presence

YouTube is a west coast, online company, but now it has recently opened up YouTube Space New York, a studio in Manhattan that is available to any channel that has more than 5,000 subscribers and is part of the Partner Program in which ads are hosted and revenue is shared. The studios are a way of giving content creators more means of making an effective product and expanding their audience while also giving the company a footing in the diverse media landscape of New York City. Since the studios opened in other cities like London, Los Angeles, and Tokyo two years ago, more than 30,00 people have attended 450 workshops and created 6,000 videos that were seen for 47 million hours [14][15].

[21]

Another bonus to this is that it brings the company within proximity of Madison Ave, and they have been touring the studios with advertising executives to offer them an opportunity to collaborate with creators. So a company like Maybelline could use BrandLab to host a day in which creators who focus in beauty could collaborate with them. Many of these channels offer audiences numbers that would leave traditional players envious, but advertisers continue to put a low cost on these audiences. The company hopes to change that mentality [14].

Competition From Facebook

[22]

In early November 2014, a John Lewis Christmas Ad stormed social media. The video was shared 200,000 times within the first 24 hours, and most of this was on Facebook. While that might be good for the department store, Facebook stole 40% of the online audience for the video, which would have previously belonged exclusively to YouTube. Facebook is now placing video at the heart of the company’s growth announcing this September that the platform achieved more than 1 billion views a day. Facebook is rolling out video advertising slowly, so that users can get used to the idea of having ads on their news feeds [17].

[23]

Facebook is also trying to lure content creators to the site by sharing their ad revenue in a more lucrative ratio. While they would be developing features that are reminiscent of YouTube, they have the News Feed, which is the key to their success and something that YouTube will have to anticipate combating in the near future. Often times Youtube channels will use Facebook to promote their videos but if they were to switch to the social media platform all together, a lot of ad revenue could be lost for YouTube, considering that they have been on top for so long, that they are struggling with loosing their audience and their bait for advertisers [16].

Sources

[1] YouTube Logo RT 30 November 2014

[2] Google Management RT 30 November 2014

[3] “Video Websites Pop Up, Invite Postings” RT 30 November 2014

[4] Google Buys YouTube RT 30 November 2014

[5] YouTube Statistics RT 30 November 2014

[6] Google Third Quarter Report 2014 RT 30 November 2014

[7] Google Second Quarter Report 2014 RT 30 November 2014

[8] YouTube Channels RT 30 November 2014

[9] “YouTube Considers Paid, Ad-Free Subscriptions” RT 30 November 2014

[10] “YouTube Is Said to Plan a Subscription Option” RT 30 November 2014

[11] “YouTube Music Key subscription service is unveiled” RT 30 November 2014

[12] “Google Buys Songza” RT 30 November 2014

[13] “YouTube Can Now Play Videos At A Buttery 60 Frames Per Second” RT 30 November 2014

[14] “YouTube Takes Manhattan” RT 30 November 2014

[15] YouTube Spaces RT 30 November 2014

[16] “Facebook Wants To Poach A Whole Bunch Of Talent From YouTube — And The Ad Money That Comes With Them” RT 30 November 2014

[17] “Facebook Is Stealing A Huge Chunk Of YouTube’s Audience” RT 30 November 2014

[18] Google Paint Logo RT 30 November 2014

[19] Google Stock Quote RT 30 November 2014

[20] Northwoods League RT 1 December 2014

[21] YouTube Spaces RT 1 December 2014

[22] Facebook RT 1 December 2014

[23] John Lewis Christmas Ad RT 1 December 2014

Paramount Pictures

Posted on October 5, 2014 by bjyuran

by Brian Yuran

Paramount Pictures

Paramount Pictures Logo [1]

Contact Information: [2]

555 Melrose Avenue, Los Angeles, CA 90038

(323)-956-5000

Facebook: www.facebook.com/Paramount

Twitter: @paramountpics

http://www.paramount.com

About Paramount Pictures:

Founded in 1912, Paramount Pictures is the fifth oldest surviving film studio. Paramount specializes in film production, distribution, and digital entertainment. It has built its success on many hit films and franchises, such as Titanic, Indiana Jones, Star Trek, and Transformers. [3] In 1994, Paramount was purchased by Viacom for $8.28 billion. [4]

Key Executives: [5]

Brad Grey: Chairman and CEO

Rob Moore: Vice Chairman

Frederick Huntsberry: COO

Adam Goodman: President, Paramount Film Group

Financials:

Paramount Pictures’ 2013 estimated box office revenue was approximately $970 million. [6] Also, its 2013 market share was 10.8%. As of late, Paramount Pictures’ performance has not been ideal. While it was the most profitable of the major studios in 2011, it is currently last. However, Paramount has a business model to fix its recent slip. It plans on making less films and going for guaranteed profit. In fact, Paramount is only releasing 11 films from now on as opposed to 16 in previous years. The studio believes this new business model will work because its profit margin has been 5.5% or more for the past three years, up from 0.5% in 2008. [7] Through these new tactics, Paramount looks to best competitors Warner Bros., Fox, and The Walt Disney Company.

Right Here, Right Now:

Over the summer, Paramount Pictures released the popular franchise films, Teenage Mutant Ninja Turtles and Transformers: Age of Extinction. Paramount’s fall season is slow as it is only releasing Interstellar and Men, Women, & Children.

Transformers: Age of Extinction

MV5BMjEwNTg1MTA5Nl5BMl5BanBnXkFtZTgwOTg2OTM4MTE@._V1_SX640_SY720_

Transformers: Age of Extinction Official Poster [8]

Transformers: Age of Extinction dominated the box office, despite negative reviews. It currently holds an 18% approval rating on Rotten Tomatoes. [9] During its opening weekend, the film grossed $138,345,769 million, giving it the 29th biggest opening of all time. Internationally, the film crossed the $1 billion mark. It has become the highest-grossing film in Chinese film history, generating over $300 million in revenue. [10] Many studios like Paramount have been setting films overseas to appeal to the international market.

Teenage Mutant Ninja Turtles

Teenage Mutant Ninja Turtles: Michelangelo [11]

Paramount distributed Teenage Mutant Ninja Turtles, a joint Nickelodeon Movies and Platinum Dunes production, in August. The movie focuses on the origin story of the Ninja Turtles and their quest to defeat the evil Shredder. [12] Directed by Jonathan Liebesman and produced by Michael Bay, Teenage Mutant Ninja Turtles was major financial success.

It grossed $93.7 million globally during its opening weekend. Domestically, it had an opening of $65 million in 3,845 theaters. To date, the film has grossed over $400 million at the international box office. [13] Teenage Mutant Ninja Turtles had the fourth biggest box office debut ever during the month of August. As a result, a sequel has been ordered for June 3rd, 2016. [14]

Men, Women, & Children

Adam Sandler in Men, Women, & Children [15]

Directed by Jason Reitman, Men, Women, & Children tells the story of a group of parents and high school students who face the consequences of the power of the Internet. [16] It has only grossed $705,908, which is substantially less than its $16 million budget. It is on track to be a major flop. In its wide release it only earned $306,367. Men, Women, & Children had the fifth worst wide release opening to a movie released on 600 screens. [17] Critical reviews have been negative with a 29% approval rating on Rotten Tomatoes. [18]

The negative buzz around the film is shocking as the topic very much pertains to the present. The internet has become such an integral part of all our lives. Also, the cast features A-list actors, such as Adam Sandler, Jennifer Garner, and Judy Greer. In fact, Sandler has been a huge box office draw for the past 15 years; his movies have grossed nearly $4 billion at the box office. [19] Even he could not salvage the film. Furthermore, the main issue was that the plot lines between the characters did not intertwine strongly. There was a huge opportunity to make this film great, but it was unfortunately bland and lacking in aesthetic value according to Chief Film Critic Justin Chang of Variety. [20]

Interstellar:

Interstellar Movie Poster [21]

Directed and co-written by Christopher Nolan and starring Matthew McConaughey and Anne Hathaway, Interstellar focuses on a team of individuals who search for a habitable planet that will allow humanity to survive. [22] It is maybe Nolan’s most daring film yet as it combines stunning visuals and a puzzling story with a solid family dynamic. Nolan borrowed many thematic elements from 2001: A Space Odyssey. For instance, he pays homage to the black monolith and computer HAL from 2001: A Space Odyssey. Nowadays, it is rare to see a three hour movie, like Interstellar, but most critics are not complaining. A few have not been in love with the film like Joe McGovern of Entertainment Weekly, who gave the film a B- rating. [23] However, most of the other reviews have been more positive as the film currently holds a 9.0 rating on IMDB. [24]

Paramount is only handling the domestic release of Interstellar, while Warner Bros. takes care of the international distribution. [25] It grossed $61,837,040 domestically in its opening weekend, but a whopping $144,737,040 worldwide, which nearly surpassed its $165 million budget. By its second week in theaters, Interstellar grossed over $300 million ($321.9 million to be exact) globally. [26] Domestically in its second week, it made $29.2 million, for a domestic total of $97.8 million as it fell 39%. Over the weekend, it crossed the $500 million mark worldwide. [27]

In Other News

In 2014, Paramount Pictures became the first major studio to distribute all its content digitally. Also, Paramount has created a new website that enables people to stream movies right from its site so it can funnel money directly back into corporate headquarters, rather than dealing with websites like Amazon Prime. [28]

In addition, Paramount has been in a tireless legal battle with investors who claim they never received their money back from projects such as Mean Girls and The Manchurian Candidate. The investors are suing to get back $40 million of their investment. The court concluded that Paramount is off the hook and not responsible. [29]

Looking Forward:

Unlike the fall season, Paramount’s winter film slate will be much busier with the releases of highly anticipated films, The Gambler (2014), Top Five, and The Spongebob Movie: Sponge Out Of Water.

The Gambler (2014) Trailer [30]

The Gambler (2014) is Mark Wahlberg‘s latest film, in which his character, Jim Bennett, borrows money from a gangster and puts his life up as collateral. It is a remake of the 1974 film of the same name. [31]

Top Five Trailer [32]

Top Five is a comedy film written and directed by Chris Rock. It has a planned release date of December 12th, 2014. It currently holds a stellar 92% approval rating on Rotten Tomatoes. [33]

The Spongebob Movie: Sponge Out Of Water Trailer [34]

The Spongebob Movie: Sponge Out Of Water is planned to be one of Paramount’s biggest hits of the winter, as it will attract young fans and older fans who grew up viewing the television show.

Paramount’s future appears promising with the other releases of Selma, Hot Tub Time Machine 2, and Project Almanac, which will be presented in a found footage style. [35] Selma is expected to generate much Oscar talk.

Sources:

[1] Paramount Logo, Paramount.com, RT: 11/10/14

[2] Paramount Contact Information, Paramount.com, RT: 11/12/14

[3] Film Franchises, Paramount.com, RT: 11/12/14

[4] “Viacom To Announce Deal To Purchase Paramount”, The New York Times, 9/12/93, RT: 11/12/14

[5] Key Executives, Paramount.com, RT: 11/10/14

[6] Paramount Revenue, Boxofficemojo.com, RT: 11/08/14

[7] New Business Model, The New York Times, 12/22/13, RT: 11/09/14

[8] Transformers: Age of Extinction Poster, IMDB, RT: 11/08/14

[9] Transformers: Age of Extinction Review, Rotten Tomatoes, RT: 11/11/14

[10] Transformers: Age of Extinction in China, Deadline.com, 8/3/14, RT: 11/12/14

[11] Michelangelo Photo, Screenrant.com, RT: 11/07/14

[12] Teenage Mutant Ninja Turtles, IMDB, RT: 11/09/14

[13] “Ninja Turtles Cracks $400 Million”, Variety.com, 11/02/14, RT: 11/10/14

[14] Teenage Mutant Ninja Turtles Sequel Announced, Variety.com, 8/10/14, RT: 11/11/14

[15] “Adam Sandler Leads Sexually Charged Dramedy”, The New York Post, 9/30/14, RT: 11/10/14

[16] Men, Women, & Children Summary, Time.com, RT: 11/10/14

[17] Men, Women, & Children Flop, Thewrap.com, RT: 11/11/14

[18] Men, Women, & Children Rating, Rotten Tomatoes, RT: 11/12/14

[19] Adam Sandler Box Office, The New York Times, 9/30/14, RT: 11/09/14

[20] Justin Chang, Variety.com, 09/06/14, RT: 11/10/14

[21] Interstellar Photo, Hollywoodreporter.com, RT: 11/11/14

[22] Interstellar Info, RogerEbert.com, RT: 11/16/14

[23] Joe McGovern, Entertainment Weekly, 11/19/14, RT: 11/19/14

[24] Interstellar Rating, IMDB, RT: 11/19/14

[25] Interstellar Distribution, Variety.com, 11/16/14, RT: 11/19/14

[26] Interstellar Box Office, Boxofficemojo.com, RT: 11/20/14

[27] Interstellar’s Splash, Deadline.com, RT: 11/21/14

[28] Paramount Streaming Service, Theverge.com, RT: 11/06/14

[29] “Paramount Pictures, Movie Investors in Mean Fight”, The Wall Street Journal, 10/26/14, RT: 11/18/14

[30] The Gambler (2014) Trailer, Youtube.com, RT: 11/18/14

[31] The Gambler (2014), IMDB, RT: 11/18/14

[32] Top Five Trailer, Youtube.com, RT: 11/18/14

[33] Top Five Rating, Rotten Tomatoes, RT: 11/18/14

[34] The Spongebob Movie: Sponge Out Of Water Trailer, Youtube.com, RT: 11/17/14

[35] Paramount Future Releases, Deadline.com, RT: 11/10/14

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

Principles & Practices

Website by the students of TRF235

Tag Archives: international

A+E Television Networks

A&E Television Networks

Headquarters:

About

Key Executives:

History

Acquisition of Vice Media

Critics’ Choice Awards

Global Expansion

Making HISTORY: First Ever Television + College Credit Course Now Offered

A New Production Deal with Producer Carlton Cuse

Sources

Paramount Pictures

Scripps Networks Interactive