Viacom

Posted on December 1, 2014 by htfergus

by Timothy Chew

[1] Viacom Logo

About Viacom

Viacom is an American mass media company that specialises in entertainment content in over 160 countries across television, film, mobile and online platforms. Viacom is the parent company to many of the world’s most elite entertainment brands including MTV Networks, Nickelodeon, VH1, BET Networks, Comedy Central, SPIKE, TV Land, CMT, Paramount Pictures and many more [2 ].

Reaching approximately 700 million global subscribers, Viacom’s media networks have become one of the largest media conglomerates in the world [3].

Television Networks

[4] Viacom’s Media Network Brands

Viacom is home to a wide variety of television networks and has successfully developed original entertainment content that has reached a diverse audience [4]. MTV is best known for producing the MTV Video Music Awards, Nickelodeon is one of the most influential television channels in children’s entertainment and Comedy Central is America’s number one comedy channel. Viacom has produced many popular television shows including MTV’s Awkward and Teen Wolf, Comedy Central’s The Daily Show, Nickelodeon’s SpongeBob SquarePants and many more [4].

Film

[5] Paramount Pictures Logo

Paramount Pictures Corporation is a film production and distribution studio that is also a subsidiary of Viacom. Paramount is the distributor for DreamWorks Animation, Marvel, MTV Films, Nickelodeon Movies, Paramount Pictures, Paramount Classics and Paramount Vantage [4]. In 2014, Paramount grossed $953.6 million, becoming the sixth highest grossing film studio in the box office [6]. Paramount has produced many major blockbusters films including “Titanic“, “Transformers“, “Forrest Gump“, “Shrek” and “Iron Man” [7].

Financials

Viacom has remained well positioned financially this year. In the fourth quarter of 2014, Viacom’s revenue has increased 9% from $3.6 billion to $3.9 billion [8]. Viacom’s Media Networks annual year-end revenue has rose significantly from $9.6 billion to 10.1 billion [8]. However, Viacom’s film entertainment’s suffered a decrease in annual year-end revenue dropping from $4.2 billion to $3.7 billion [8]. Viacom’s year-end operating income has rose to 5% to a record breaking $4.13 billion from $3.9 billion in 2013 [8].

Key Executives

[9] Philippe Dauman, President and Chief Executive Officer

[10] Thomas E. Dooley, Chief Operating Officer

[11] Wade Davis, Chief Financial Officer and Executive Vice President, Strategy & Corporate Development

Recent News

[12] Viacom Acquires Channel 5

Viacom Closes Acquisition of UK’s Channel 5

After announcing a deal on May 1st, Viacom has closed acquisition of British’s broadcaster Channel 5 for $725 million on September 10th [12]. This deal was made to expand Viacom’s investment in its entertainment content produced in the UK. In addition, Nickelodeon will be partnering with Channel 5’s pre-school program, Milkshake. Viacom and Channel 5 will collaborate to produce a new animated series called “Nella the Knight“, their first co-production which is under Viacom’s wing [12]. Viacom and Channel 5 will co-fund “Nella the Knight“, which will be produced in the UK. Channel 5 will also air episodes of SpongeBob SquarePants and Teenage Mutant Ninja Turtles [12]. Besides that, MTV UK and Channel 5 are partnering to commission a new series called 10,000 BC. In 10,000 BC, 20 participants leave the comforts of their modern life and travel back to the Stone Age. This 10 episode series is set to premiere on Channel 5 in 2015 [12].

[13] Viacom and Sony Partnership

Viacom and Sony Inks Internet Distribution Deal

Viacom announced a major programming deal with Sony to license live and on demand programming for at least 22 Viacom cable networks including Comedy Central, MTV, Nickelodeon, SPIKE, and VH1 for Sony’s cloud-based TV service [13]. This agreement marks Viacom’s first deal to provide its networks for an Internet based live TV and Video On Demand service. Sony’s new cloud-based TV service will integrate live TV content with a dynamic experience people are accustomed to look for form their network. This new service will provide access to hundreds of hours of Viacom programming to over 75 million Internet-enabled Sony devices in the U.S [14].

Releases

[15] Teenage Mutant Ninja Turtles, directed by Jonathan Liebasman

Teenage Mutant Ninja Turtles

 “Teenage Mutant Ninja Turtles” is an action comedy film that made tremendous success in the box office this summer. The film was produced by highly acclaimed “Transformers” producer Michael Bay and directed by Jonathan Liebasman. “Teenage Mutant Ninja Turtles” was a recreation of the original comic series. On its opening weekend, this summer blockbuster locked in a staggering $65 million [16]. Since its release, “Teenage Mutant Ninja Turtles” has made $191 million in the US and $286 million in the international market. This film surprisingly remained number 1 in the box office on its first two weeks of release [16].Unlike many films released this summer, this film managed to surpass its budget within 3 weeks of its release, proving to be a major success [16].

[17] Interstellar, directed by Christopher Nolan

Interstellar

“Interstellar” is a Sci-Fi thriller starring Matthew McConaughey and Anne Hathaway. The film is based on a team of explorers who travel to space on an adventure to search for a habitable planet that could potentially save the human race [17 . The film was director by Christopher Nolan. Unfortunately, “Interstellar” failed to reach its predicted $50 million on its opening weekend, and only made $47.5 million instead [18]. Although, “Interstellar” has not done quite as well domestically by only making $138 million since its premiere, it has been a major success in the foreign market making a whopping $331 million, surpassing its $165 million budget. Since its opening weekend, the film has made over $468 million worldwide proving to be a global success [19].

Upcoming Releases

[20] Eye Candy, MTV’s New Thriller

MTV Announces New Scripted Thriller

MTV announced a new scripted thriller series called “Eye Candy.” The new series is based on R.L Stine’s popular novel “Eye Candy.” The series is produced by Jason Blum and Catherine Hardwicke. “Eye Candy” revolves around tech genius, Lindy who is played by Victoria Justice [21]. Lindy begins online dating and suspects one of her strange suitors to be a potential serial killer. Lindy then partners with a team of hackers to solve these mysterious murders on the streets of New York. “Eye Candy” is an 10-episode, hour-long thriller that is set to premiere on January 12, 2015 [21].

Trailer [22].

Mission-Impossible-5-starring-Tome-Cruise

[23] Mission Impossible 5, directed by Christopher McQuarrie

Mission Impossible To Release Fifth Film

The fifth instalment of the Mission Impossible franchise is hitting theatres next winter. The film is directed by Christopher McQuarrie and written by Drew Pearce. “Mission Impossible 5” is produced by Paramount and J.J Abrams’ Production Company, Bad Robot. In “Mission Impossible 5“, Tom Cruise will be returning to his role of Ethan Hunt. The previous film, “Mission Impossible: Ghost Protocol” set the record very high after grossing a staggering $695 million globally [24]. Mission Impossible 5 is set to release on December 25th, 2015. The film’s trailer has not been released [25].

Sources

[1] Viacom’s Logo, Variety.com, RT: 11/30/2014

[2] About Viacom, Viacom.com, RT: 11/30/2014

[3] “Advertising Revenue Drive Media Networks Business“, Marketrealist.com, RT: 11/30/2014

[4] Viacom Brands, Viacom.com, RT: 11/30/2014

[5] Paramount Pictures’s Logo, Paramountguilds.com, RT: 11/30/2014

[6] Studio Market Share, Boxofficemojo.com, RT: 11/30/2014

[7] Paramount’s All Time Box Office Results, Boxofficemojo.com, RT: 11/30/2014

[8] Viacom’s Fiscal Report 2014, Viacom.com, RT: 11/30/2014

[9] Philippe Dauman, Viacom.com, RT: 11/30/2014

[10] Thomas E. Dooley, Viacom.com, RT: 11/30/2014

[11] Wade Davis,Viacom.com, RT: 11/30/2014

[12] Viacom Closes Acquisition of Channel 5, Viacom.com, RT: 11/30/2014

[13] Viacom and Sony Partnership,Viacom.com, RT: 11/30/2014

[14] Viacom Inks Pact with Sony, Variety.com, 9/10/2014, RT: 11/30/2014

[15] Teenage Mutant Ninja Turtles Poster, Teenagemutantninjaturtlesmovie.com, RT: 11/30/2014

[16] Box Office Results, Boxofficemojo.com, RT: 11/30/2014

[17] Interstellar Poster, Interstellar-movie.com, RT: 11/30/2014

[18] “Interstellar Final Box Office Fails to Hit $50 Million Estimates”, Variety.com, 11/10/2014, RT: 11/30/2014

[19] Box Office Results, Boxofficemojo.com, RT: 11/30/2014

[20] Eye Candy Poster, Hollywoordreporter.com, 11/02/2014, RT: 11/30/2014

[21] MTV’s New Scripted Thriller, Viacom.com, RT: 11/30/2014

[22] Eye Candy Trailer, Youtube.com, RT: 11/30/2014

[23] Mission Impossible 5 Poster, Screenrant.com, RT: 11/30/2014

[24] Box Office Results, Boxofficemojo.com, RT: 11/30/2014

[25] “Mission: Impossible 5 to Hit Theaters in December 2015”, Hollywoodreporter.com, 11/13/2014, RT: 11/30/2014

Hulu

Posted on October 5, 2014 by kdtinder

by Kay Tinder

OVERVIEW

Photo Courtesy of: technobuffalo.com

Hulu is a streaming video on demand (SVOD) service that allows the public to see clips, television series (scripted and reality), and movies virtually anywhere. Hulu offers free, ad-sponsored content as well as a membership package called Hulu Plus—a $7.99 monthly fee that gives a user a broader selection of content, lessens the burden of ads, and allows access to more platforms to view the content. Since the company is private, Hulu is not forced to disclose their financials. However, the company did announce that they reached $1 billion in revenue in 2013 [1].

Disney, 21^st Century Fox, and Comcast’s NBCUniversal share ownership in the company that has six million subscribers and has over 100,000 episodes and 5,400 films streaming [2]. The video streaming company has added more content, strengthened ties with various networks, interacted with the community, and experimented with new advertising models in order to stay competitive with ever changing new media.

NEW CONTENT

Photo Courtesy of: blog.hulu.com

James Franco released his much anticipated Saturday Night Live (SNL) documentary exclusively to Hulu’s Plus subscribers. Saturday Night started as Franco’s NYU Film School Project that gave a behind-the-scenes look at a week of SNL and the production process of a single episode [3]. Since its original film festival debuts, the documentary has received mostly positive reviews. Releasing content with such high buzz on a private service urges Hulu users to upgrade to Plus and pay a little extra to be part of the limited audience that sees exclusive content.

Photo Courtesy of: books.usatoday.com

Stephen King’s best-selling novel, 11/22/63, has just been ordered as a miniseries [4]. The Hulu Original will be split into nine, hour-long episodes. The drama follows Jake Epping, a high school English teacher, who travels through time to the late 50’s. His goal is to prevent the President John F. Kennedy’s assassination. Both King and J.J. Abrams (Bad Robot Productions) are working as executive producers, with Bridget Carpenter and Bryan Burk as writers [5]. This will also be the first time Warner Bros. Television (WBTV) and Hulu will collaborate on original programming [4]. Having big names on this project will certainly add hype to the new show and bring more traffic towards Hulu.

Casual is a straight-to-series, half-hour comedy series about a brother and sister, the first single and the latter newly divorced, who navigate the modern dating world while also raising a teenager under one roof. The ten episode, single-camera production is to be produced by Oscar-nominated director Jason Reitman and through Lionsgate Television [6]. Lionsgate adds to Hulu’s content connections while Reitman’s name and reputation bring in more customers.

Photo Courtesy of: www.projectcasting.com

ABC’s show Selfie , starring John Cho, was ordered to produce 13 episodes, but the comedy was cancelled after its seventh. Hulu decided to pick up the series and promised to release the six remaining episodes once a week, similar to its original television format [7]. It’s becoming more and more common for streaming services to save shows that are cancelled from traditional cable. Often they will finish whatever content they have produced or buy the rights and continue to produce more seasons.

Around the same time FX announced they would be streaming every the Simpsons episode ever produced, Hulu released that all 17 seasons of South Park would be available on Hulu, with new episodes available the day after they air [8]. This is just one of the many series Hulu makes binge-able while also keeping it up-to-date, a service that other streaming competitors do not provide.

Big names with a reputation of consistently producing good content litter Hulu’s upcoming shows. No doubt, Hulu’s continuous name-dropping will continue to draw people to its streaming services.

VIACOM

Photo Courtesy of: tvweek.com

Hulu has just expanded its deal with Viacom, increasing the amount and diversity of content on both Hulu and Hulu Plus. Viacom owns a diverse array of networks like Nickelodeon, Comedy Central, MTV, and TVLand. Already streaming shows like the Colbert Report, Breadwinners, and Awkward, Hulu will be adding Invader Zim, Workaholics, Spongebob Squarepants and Teenage Mutant Ninja Turtles—the final two being streamed in Spanish. They will also be refreshing already present content to include full past season of the Jersey Shore, Catfish, and many more [9]. This strengthened relationship could lead to more exclusive content in the future that would entice consumers to purchase Hulu Plus over other competitors.

APP UPDATES

Hulu has upgraded its free iOS app for Hulu Plus subscribers. Three new panels have been added to the initial screen. “Home” gives a selection of the best or popular content handpicked by Hulu. “Shows you Watch” keeps track of the shows you watch and makes them easily accessible. “Navigation” provides the categorized list of all of Hulu’s content.

Photo Courtesy of: blog.hulu.com 2

“Cast to TV” allows members to throw whatever they’re watching onto their television. Now, the new app will allow your phone to become the remote [10]. As more people turn to their phones and tablets to view content, Hulu’s refined app will serve as a plus for users.

COMMUNITY ENGAGEMENT

On October 16^th, 2014, the streaming service showed its support for the LGBT community when converting its usual green accents to purple for a day.

Photo Courtesy of: blog.hulu.com

To celebrate national #SpiritDay, Hulu highlighted LGBT-inclusive television series and films, including Ugly Betty, uncensored Sailor Moon, and Hulu Origianl East Los High—which also has an all-Latino cast. On this day, Hulu also reminded the public their partnership with GLADD, and Hulu’s ambition to have all backgrounds and cultures represented in their services [11]. Hulu is trying to show that they truly care about their audience and not just their money. They want all to feel relevant and welcome to their services.

ADVERTISING

Advertising on Hulu is affective, interactive, and integrated. Hulu has brought creative advertising techniques into their services that often leave competitors in the dust. Using choice-based ads allows the user to feel some power in what they watch and also helps advertisers target their market. Less wasted impressions means more money from advertisers, more money for Hulu, and less advertisements.

Photo Courtesy of: jinglepunks.com

Subway produced 4 to 9ers, six ten-minute episodes about high schoolers and their first part-time jobs. The main character works in a Subway and the business’s logo is in almost every frame. The integrated marketing technique was a huge hit and topped as Hulu’s most popular short-form comedy series [12]. Despite its success with unique advertising, Hulu is having some doubts.

Mike Hopkins, CEO of Hulu, is reconsidering the amount of ads shown on Hulu Plus. In December 2013, Hulu would show an average of 82.3 ads per month, versus YouTube’s 32.3 ad average per viewer [13]. Showing this amount of ads may bring in money, but is incredibly risky, especially on a service that’s paid for. If too many ads are shown, users will ditch Hulu, much like cable, and opt for a service that’s cheaper or shows fewer ads. Hulu is on the right track by constantly looking for new methods of marketing. Replacing traditional advertisements with integrated marketing, like 4 to 9ers, makes advertising seem more like content rather than harassment.

[1] http://blog.hulu.com/2013/12/18/a-strong-2013/

[2] http://variety.com/2014/digital/news/hulu-renews-viacom-deal-expanding-selection-of-nickelodeon-shows-1201341031/

[3] http://blog.hulu.com/2014/09/26/james-francos-snl-documentary-debuts-on-hulu/

[4] http://variety.com/2014/digital/news/hulu-orders-stephen-kings-112263-kennedy-assassination-thriller-series-from-j-j-abrams-1201310792/

[5] http://nypost.com/2014/09/22/stephen-kings-book-on-jfk-assassination-to-be-hulu-series/

[6] http://blog.hulu.com/2014/10/30/jason-reitmans-casual-comes-to-hulu/

[7] http://www.cnn.com/2014/11/25/showbiz/tv/selfie-hulu-episodes/

[8] http://blog.hulu.com/2014/09/26/all-seasons-of-south-park-now-on-hulu/

[9] http://www.cnet.com/news/happy-happy-joy-joy-hulu-scores-cult-toon-classics/

[10] http://blog.hulu.com/2014/10/01/introducing-the-reimagined-hulu-plus-app-for-iphone/

[11] http://blog.hulu.com/2014/10/16/hulu-goes-purple-for-spiritday/

[12] http://variety.com/2013/digital/news/subway-serves-up-second-season-of-hulus-4-to-9ers-exclusive-1200325496/

[13] http://nypost.com/2014/10/08/hulu-ceo-mulls-cutting-number-of-ads-running-on-hulu-plus/

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

Paramount Pictures

Link

By Rachel Heffler

Paramount Pictures logo [1]

PARAMOUNT PICTURES

5555 Melrose Ave, Los Angeles, CA

www.paramount.com

KEY EXECUTIVES

Brad Grey

Brad Grey, CEO [2]

Since 2005, Brad Grey has held the position of Chairman and Chief Executive Officer at Paramount Pictures. Grey is responsible for all development and production for the Paramount Motion Picture Group. Under Grey’s leadership, Paramount has seen the successes of hits including “Transformers Dark of the Moon“, “Mission Impossible“, “Star Trek“, “Paranormal Activity“, as well as many other top grossing films. [2]

Rob Moore

Rob Moore, Vice Chairman [3]

Rob Moore was named the Vice Chairman of Paramount Pictures in 2008, making him responsible for overseeing several divisions of the studio. He has been involved with Paramount since 2005. [3]

Frederick Huntsberry

Frederick Huntsberry, Chief Operating Officer [4]

In 2006, Huntsberry took on the position of Chief Operating Officer for Paramount Pictures. With this title, he manages the worldwide strategic planning and operations for the studio, with a focus on IT, human resources, and studio operations. [4]

Adam Goodman

Adam Goodman, President of Paramount Film Group [5]

Adam Goodman has held the position of the President of Paramount Film Group since 2009, after serving as the President of Production for a year. Before joining Paramount, Goodman was the President of Production at DreamWorks Studios. [5]

Paramount – 100 years [6]

BRIEF OVERVIEW

Paramount Pictures Corporation is the longest operating major studio in Hollywood, having just celebrated its 100th year in show business in 2012. This corporation is a subsidiary of Viacom, a global mass media firm. Adolph Zukor founded Paramount Pictures in 1912 under the name Famous Players Film Company. Paramount took home its first Academy Award for Best Picture in 1927 and has only grown from there, evident in its success of the highest grossing blockbuster of all time, “Titanic“. In the past 100 years, this company has emerged as an international leader and a front-runner of film and television entertainment production. [7] [8]

RECENT RELEASES

In the past four months, Paramount has released five films, including Anchorman 2: The Legend Continues; The Wolf of Wall Street; Paranormal Activity: The Marked Ones; Jack Ryan: Shadow Recruit; and Noah. [9]

http://boxofficemojo.com/movies/?id=anchorman2.htm

– box office mojo [10]

Anchorman 2: The Legend Continues was released on December 18, 2013 and is a comedy film. It had a production budget of $50 million and a total lifetime gross of $172,952,707 worldwide, sitting at the number 2 rank on its opening weekend behind The Hobbit: The Desolation of Smaug. This film almost doubled its total gross from the release of the first Anchorman: The Legend of Ron Burgundy, which was distributed by DreamWorks. Anchorman 2 thrived on a domestic audience, accounting for 73.6% of its viewers. This film was the last one that Paramount distributed to theaters traditionally, using a 35 mm film. [10] [11] [12]

– box office mojo [13]

The Wolf of Wall Street was released on December 25, 2013, and this black comedy saw huge successes for Paramount, as seen by its nomination for five Academy Awards. This film features big name actors Leonardo DiCaprio, Jonah Hill, and Matthew McConaughey. It had a production budget of $100 million and a worldwide lifetime gross of 389,600,694, being the number 5 rank in theaters on its opening weekend, behind The Hobbit, Frozen, Anchorman 2, and American Hustle. This film had a much higher foreign audience than it did domestic, with international revenues accounting for 70% of its total gross. Independent of its acclaim, this film is also monumental as it is the first major film to ever have been released to theaters through digital distribution, a major accomplishment for Paramount. [13] [14]

– box office mojo [15]

Paranormal Activity: The Marked Ones was released on January 3, 2014 and brought in a worldwide total gross of $86,362,372. The production budget for this horror film was $5 million. This film obtained the number 2 rank on its opening weekend, behind Frozen, and appealed primarily to international audiences, who make up 62.4% of the lifetime gross of the movie. In comparison to the other Paranormal Activity films, the newest release had the lowest box office sales. This may be attributed to the fact that this was the first one in the series to offer a completely new cast and functions as more of a spinoff than a sequel, or the Paranormal series is becoming less of a commodity than it had been in the past. [15] [16]

– box office mojo [17]

Jack Ryan: Shadow Recruit is an action thriller starring Chris Pine, and was released on January 17, 2014. After spending $60 million in production, this film brought in $134,277,412 worldwide. It ranked number 4 in theaters on its opening weekend. The release date of this film was planned in order to correspond with the Martin Luther King Jr. holiday. According to CinemaScore, more than 1/3 of the film’s opening weekend audience consisted of individuals over the age of 50 despite the casting of a young attractive male lead. Jack Ryan: Shadow Recruit was the first film of 2014 to reach over $100 million worldwide. International audiences account for 62.3% of this film’s total lifetime gross. [17] [18] [19]

– box office mojo [20]

Noah was released on March 28, 2014 and is a biblically-inspired film based on the story of Noah’s Ark. It grossed $290,674,000 worldwide and held the number 1 rank in theaters in its opening weekend. The production budget of this film was $125 million. Noah had an extremely large international audience, contributing to 67.9% of its total lifetime gross. As it takes on a biblical perspective, this film has faced some controversy. Prior to its release, Noah was banned in Pakistan, Bahrain, Qatar, UAE, Malaysia, Indonesia, Middle Eastern and North African countries as the film is thought to be contradicting to Islamic teachings. [20] [21]

WHAT’S NEXT?

Paramount is set to release multiple films in the next year, including Transformers: Age of Extinction; Hercules (2014); Teenage Mutant Ninja Turtles (2014); Paranormal Activity 5; Interstellar; Hot Tub Time Machine 2; Project Almanac; Spongebob Squarepants 2; and Friday the 13th (2015). [22]

Of the nine films listed above, it is noteworthy that only two of these films are neither sequels nor remakes. This is telling of today’s film industry and the newest trends that are developing. In recent years, the number of sequels and remakes that have been made has skyrocketed.

An explanation for Paramount’s numerous sequels and remakes can be explained by this company’s strategy when it comes to choosing films to release. Paramount takes on films that portray a mix of primary branded and franchise films and smaller productions, purchased films and distribution arrangements. In order to appeal to both worldwide and smaller audiences, Paramount is interested in a variety of genres and levels of investment. [23]

Spongebob Squarepants 2 [25]

Until their contract ended in 2012, Paramount Pictures had relied on DreamWorks Animation to head any animated films they released. DreamWork Animation’s Rango, which was released in 2011, came with huge successes and inspired Paramount to generate its own animation film division. Spongebob Squarepants 2, scheduled to be released on February 13, 2015, will be this new division of Paramount’s first animated film. The budget for the animated films will be around $100 million per picture and the studio has high hopes for this new division. [24]

Another thing that Paramount is working on is coming up with innovative promotion and marketing techniques for its films. Paramount has been a front-running film company since the beginning, and it does not seem like its accomplishments will be slowing down any time soon. [23]

Works Cited

[1] Paramount Pictures logo Retrieved 4/16

[2] Key Executive Brad Grey Retrieved 4/16

[3] Key Executive Rob Moore Retrieved 4/16

[4] Key Executive Frederick Huntsberry Retrieved 4/16

[5] Key Executive Adam Goodman Retrieved 4/16

[6] New Paramount logo Retrieved 4/16

[7] 100 Years of Paramount Retrieved 4/16

[8] History of Paramount Retrieved 4/16

[9] Paramount past projects Retrieved 4/16

[10] Anchorman 2 Box Office Retrieved 4/18

[11] Anchorman Box Office Retrieved 4/18

[12] New form of distribution Retrieved 4/18

[13] Wolf of Wall Street Box Office Retrieved 4/18

[14] December 26 Box Office Details Retrieved 4/18

[15] Paranormal Activity: The Marked Ones Box Office Retrieved 4/18

[16] Paranormal Activity Series Box Office Retrieved 4/18

[17] Jack Ryan Box Office Retrieved 4/18

[18] CinemaScore Retrieved 4/18

[19] Jack Ryan demographics Retrieved 4/18

[20] Noah Box Office Retrieved 4/18

[21] Noah faces ban in Arab world Retrieved 4/18

[22] Paramount upcoming releases Retrieved 4/19

[23] Paramount’s strategies Retrieved 4/19

[24] Paramount launching in-house animation division Retrieved 4/19

[25] Spongebob Squarepants 2 picture Retrieved 4/19

Viacom

Posted on April 18, 2014 by Samantha Mackoff

By Sam Mackoff

[1] Viacom Logo

ABOUT VIACOM

Viacom, short for Video and Audio Communications, is a mass media company that produces content globally across television, movies, online and mobile platforms. Viacom’s media networks reach about 700 million global subscribers, making it one of the world’s largest media conglomerate [2]. Viacom operates about 170 leading entertainment brands including MTV Networks, VH1, BET Networks, Comedy Central, CMT, SPIKE, Nickelodeon Networks, Paramount Pictures and more [3].

Television Networks

[4] Viacom’s Media Brands

Viacom has a large variety of networks that represent a diverse collection of programming. From Nickelodeon, the leading brand in children’s entertainment, to Comedy Central, the number one brand in comedic television, Viacom continues to produce original content that is relevant to all different audience members [4]. Some of Viacom’s leading shows are Nickelodeon’s SpongeBob SquarePants, MTV’s Teen Wolf and Awkward, Comedy Central’s South Park and many more [5].

Film

[6] Paramount Pictures Logo

Paramount Pictures Corporation is a production and distribution studio for film. It is a subsidiary of Viacom. Paramount distributes content from DreamWorks Animation, Paramount Pictures, Paramount Vantage, Paramount Classics, Marvel Studios, MTV Films and Nickelodeon Movies [4]. Paramount is ranked as the fourth highest grossing film distributor [7]. Some of Paramount’s notable films are, “Transformers”, “Indiana Jones”, “Star Trek”, “Titanic”, and “Forrest Gump” [8].

FINANCIALS

Viacom is a publicly held. This year, Viacom did well financially with its media networks revenue, but did not do well financially in film entertainment. The media networks revenue had a $462 million increase to $9.7 billion by the end of 2013 [9]. The film entertainment revenues had a $538 million decrease from the previous year to $4.3 billion by the end of 2013 [9]. Viacom’s net earnings still increased 2% from 2012 to 2013, from $2.3 billion in 2012 to $2.4 billion in 2013 [9].

KEY EXECUTIVES

[10] Philippe Dauman,
President and Chief Executive Officer

[11] Thomas E. Dooley,
Chief Operating Officer

RECENT NEWS
Viacom and Google Call a Truce

[12] Google Vs. Viacom

After seven years of battling in court, Viacom and Google have settled the copyright infringement lawsuit, in which neither company exchanged money to the other. Viacom filed a $1 billion lawsuit in 2007 against YouTube, which is owned by Google, stating that there were billions of dollars in damages for copyright infringement by uploading unauthorized clips from Viacom programming. After years of arguing, Viacom and YouTube released a settlement statement saying, “This settlement reflects the growing collaborative dialogue between our two companies on important opportunities, and we look forward to working more closely together” [13].

Viacom Teams Up with Tumblr

[14] Tumblr and Viacom Partnership

Viacom announced an exclusive partnership with the popular blogging website, Tumblr. The two companies together will offer co-branded campaigns and content for shows and events for Viacom’s networks through the 2014 Upfront Season. This partnership marks Viacom as the first television programmer to develop a marketing partnership with Tumblr. Viacom’s partnership with Tumblr creates a unique opportunity for Viacom to use this creative platform with its advertisers in order to reach a large audience because of its major social activity. On the consumer end, it allows users to view content in a fun and interactive way [15].

RELEASES

[16] “The Wolf of Wall Street”, directed by Martin Scorsese

The Wolf of Wall Street

The dark comedy, “The Wolf of Wall Street”, directed by Martin Scorsese and starring Leonardo DiCaprio, is based on the true story of Jordan Belfort’s life. The film takes you through the New York stockbroker’s journey from rags to riches, starting in penny stocks to running an extremely successful firm. This film has had major success worldwide. The high admiration has earned the film a Golden Globe and five Academy Award nominations [17]. Surpassing all Christmas sales in theaters on its holiday release date [18], the film made $10 million on its opening day and over $18 million on its opening weekend [19]. This film has accumulated grosses of $116.9 million domestically and $272.7 million in the foreign market [19].

[20] “Noah”, directed by Darren Aronofsky

Noah

The recent release of the biblical inspired film, “Noah”, directed by Darren Aronofsky and starring Russell Crowe, is inspired by the biblical story of Noah’s Ark. Noah is chosen by God to take on a mission to rescue the innocent before an apocalyptic flood hits the world. This film ranked #1 at the box office on its opening weekend on March 28^th [21]. “Noah” brought in a diverse audience including men and women of all ages that were Christian, Catholic Latino and African American [22]. “Noah” has faced a sizable decline with a 68% drop since its release [23]. Predictions say that this number will increase during the weekend of Easter because of the faith based audience [24]. “Noah” has made $93.3 million domestically and $197.4 million in the foreign market [21].

UPCOMING RELEASES

Nickelodeon Introduces a New Awards Show

8-Kids-Choice-Sports-Awards-2014-350x348

[25] Michael Strahan, Future Host of Kids Choice Sports

Nickelodeon announced a new award show called Kids Choice Sports, hosted by former football player, Michael Strahan, set to debut this summer. Kids Choice Sports give viewers the opportunity to have a voice in the show by voting for their favorite teams, players and sports moments as well as selecting the stars to get slimed. In additions to the awards, the event will also have a musical performance, competitions against athletes and slimed filled sports stunts [26]. Kids Choice Sports has the potential to bring in a whole new audience of parents and children who are interested in sports, as well as other viewers who want to be a part of the additional events of the awards show.

Candid Camera Returns After 66 Years

: [27] Allen Funt, the Original Host of Candid Camera

TV Land announced that it is bringing back a new version of the 1940’s show, Candid Camera. Candid Camera is a show that captures the reactions of people in unusual situations using hidden cameras. Peter Funt, the son of the host and creator of the original show, will be co-producing Candid Camera. There are 10 new episodes that are set to air this summer [28].

Transformers To Release Fourth Film

The fourth Transformers film called, “Transformers: Age of Extinction”, is hitting the theater this summer. This film was directed by Michael Bay and has notable actors staring in it such as Mark Wahlberg, Nicola Peltz, and Jack Reynor [29]. This popular franchise has earned $2.6 billion in the global box office. The bar for this film was set very high after the last film, “Transformers: Dark of the Moon”, earning $1.1 billion globally. This film is set to release June 27^th [30].

Trailer [31]

Teenage Mutant Ninja Turtles Recreated in a Live Action Film

“Teenage Mutant Ninja Turtles” is returning to the screen in a live action film this summer. Producer Michael Bay and director Jonathan Liesmasman, are working together to recreate the story that was originally based off of a comic series [32]. Rob Moore, vice chairman of Paramount said, “Michael Bay is committed to making sure young audiences have a reason to flock back to your theaters” [33]. This action comedy film is about four trained ninja turtles that work together to fight off evil. This summer blockbuster, starring Megan Fox, Noel Fisher, Will Arnet, Jeremy Howard and Alan Ritchso, is set to release August 8^th [32].

Trailer [34]

Sources

[1] Viacom’s Logo, Adweek.com, RT: 4/18/2014

[2] About Viacom, Viacom.com, RT: 4/18/2014

[3] “Viacom: Veteran Leading the Way”, Investing Daily, 12/31/2013, RT: 4/17/2014

[4] Viacom Brands, Viacom.com, RT: 4/18/2014

[5] Most Popular TV Shows, TV.com, RT: 4/18/2014

[6] Paramount Pictures Logo, Nickelodeon.Wikia.com, RT: 4/18/14

[7] Leading Distributors- 1995-2014, The-Numbers.com, RT: 4/18/2014

[8] Paramount All Time Box Office Results, BoxOfficeMojo.com, RT: 4/18/2014

[9] Viacom Inc.- Annual Report, Viacom.com, RT: 4/19/2014

[10] Philippe Dauman, Trialx.com, RT: 4/19/2014

[11] Thomas E. Dooley, CNN.com, RT: 4/19/2014

[13] “Google and Viacom Settle Copyright-Infringement Lawsuit over YouTube”, Variety, 3/18/2014, RT: 4/19/2014

[14] Viacom and Tumblr, YourNewSticker.com, RT: 4/19/2014

[15] “Yahoo’s Tumblr First TV Ad Deal Is with Viacom”, Variety, 3/20/2014, RT: 4/19/2014

[16] Wolf of Wall Street Poster, UBCFilmSociety.com, RT: 4/19/2014

[17] Wolf of Wall Street Awards, IMDB.com, RT: 4/19/2014

[18] “‘Wolf of Wall Street’ Poised for No. 1 at Christmas Box Office with $10 Million”, Variety, 12/25/13, RT: 4/19/14

[19] Box Office Results, BoxOfficeMojo.com, RT: 4/19/2014

[20] Noah Poster, MovieFanatic.com, RT: 4/19/2014

[21] Box Office Results, BoxOfficeMojo.com, RT: 4/19/14

[22] “‘Noah’ sails to estimated $44-Million Opening at Box Office”, Los Angeles Times, 3/30/2014, RT: 4/19/14

[23] “North America: ‘Captain America: The Winter Soldier’ Sets New April Record with $96.2M”, BoxOffice.com, 4/6/14, RT: 4/19/14

[24] “‘Heaven is for Real’ Posts Strong Opening Day Returns”, BoxOffice.com, 4/17/14, RT: 4/19/2014

[25] Kids Choice Sports Picture, TVByTheNumbers.zap2it.com, RT: 4/20/14

[26] “Nick Launching Sports Award Show”, BigStory.ap.org, 3/13/214, RT: 4/20/14

[27] Allen Funt, rtvfmediastudies.tcu.edu, RT: 4/20/14

[28] “Candid Camera: TV Land Reviving Classic Series for Summer”, TVSeriesFinale.com, 4/9/14, RT: 4/20/14

[29] Transformers Cast and Crew, IMDB.com, RT: 4/20/14

[30] “‘Transformers: Age of Extinction’ to Kick Start New Trilogy”, Variety, 4/11/14, RT: 4/20/14

[31] Transformers: Age of Extinction Trailer, Youtube, 3/5/2014, RT: 4/20/2014

[32] Teenage Mutant Ninja Turtles Cast and Crew, IMDB.com, RT: 4/20/14

[33] “Paramount Kicks Off CinemaCon With ‘Ninja Turtles,’ ‘Transformers’ Footage”, Variety, 3/24/14, RT: 4/20/14

[34] Teenage Mutant Ninja Turtle Trailer, Youtube, 3/27/2014, RT: 4/20/2014

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