NewsCorp/21st Century – Fox

Aside

by Lina Ortega

21st Century Fox

[Image courtesy of: new.pentagram.com]

www.21cf.com

Contact information

21st Century Fox 1211 Avenue of the Americas 44th floor New York, NY 10036-8701

Key Executives

Rupert Murdoch: Chairman & Chief Executive Officer [Image courtesy of: thenation.com]

Chase Carrey: President and Chief Operating Officer [Image Courtesy of: stockspinoffs.com]

James Murdoch: Co-Chief Operating Officer [Image Courtesy of: mikeangryman.com]

About 21st Century Fox

What was once News Corporation since 1953 [I], is now comprised by “News Corp” and “21st Century Fox.” News Corp consists of a publishing group that includes several newspapers like Wall Street Journal, New York Post and Times of London. 21st Century Fox is a broadcasting and film company that includes the “Fox News channel”, “20th Century movie and television studios”, “Fox sports”, “FX”, “National Geographic” and “FOX broadcast network”. [II] This separation was intended to ensure that both companies were conducted under more a centered management, which makes both companies more valuable.

21st Century Fox is a global media company and was founded in June 28, 2013 [III]. It acquires market from four principal operating segments: 1- Cable network programming, which it’s mostly production and licensing content through cable, telecommunications providers, and broadcast satellite. 2- Television, which operates the company’s 28 full-power broadcast stations. 3- Film Entertainment, the operator of the company’s numerous film and television production studios. 4- Direct Broadcast Satellite Television, which provides programming to international markets. The company also holds a 39% of BSkyB, the British entertainment and communications provider. 21st Century Fox makes its revenue principally on affiliate subscriptions, broadcast and advertising fees, content licensing and retransmission revenues to maintain the top line [IV]. Fox Broadcasting Company ended the year 2012 at number one in the key adult demographic for the eight consecutive year in America [V].

Financials

The Cable Network Programming segment surpassed $12 billion in revenue for the first time in its history, up 13% over their prior year. 2014 21st Century Fox Annual Report:

What’s Happening Now?

In cable programming, FX Networks has currently 25 successful shows on air [VI].

Image courtesy of: The Christian Post

American Horror Story is now on the 7th episode of its 4th season “Freak Show” and it is one of the most watched TV series of the FX Networks. The show presents an anthology of different narratives for each new season [VII]. With an 8.4 out of 10 by IMDB, the show went from 2.82 million viewers on its first season to 4.00 million viewers now [VIII].

In television, FOX has a great variety of very recognized shows that can range mostly in animation, comedy, and thriller.

Image courtesy of: forbes.com

One of the FOX newest TV shows premiered recently on September 22, 2014 with 8.21 million viewers [IX]. Gotham explores the beginning tales of Commissioner Gordon. While in the show he is still a detective, he has yet to meet Batman and the villains who made Gotham City so popular [X]. Gotham received two nominations in the TV divisions for the “American Society of Cinematographers 29th annual Outstanding Achievement Awards” . Additionally, the pilot was recognized in the category for a TV movie, miniseries or pilot [XI].

20th Century Fox is one of the most recognized film industries in the world. This year 2014, Fox released 13 feature films with a result of $1,539,266,539 in total gross [XII]. This includes: X-Men: Days of Future Past, Dawn of the Planet of the Apes, How to Train your Dragon 2, Gone Girl and Rio 2, as in order of total ranking.

Image courtesy of: msmagazine.com

Gone Girl was released in October 3, 2014 and it has a domestic total of $160,757,000 as of today November 30th, plus a $173,400,000 of foreign totals while the production budget was only 61 million. Currently in its 5th week, it is ranked number 8 [XIII]. Gone Girl has received many awards including the “Hollywood Film Award” at the 2014 Hollywood Film Festival [XIV].

Penguins of Madagascar is an animated comedy distributed by 20th Century Fox and is its newest film on the market, released on November 26, 2014. This film takes the peculiar penguin characters of the previous Madagascar movies, whom must stop a villain doctor from destroying the world [XV]. As of its first weekend it is currently number two with a total gross of $36 million [XVI].

This has been one of the best years for Fox and they are not planning on backing down. On December 5, 2014 The Pyramid will be released. The Pyramid is about an archaeological team ventures to unlock the mysteries of a lost pyramid and instead find themselves hunted by an insidious creature [XVII].

As Europe’s leading entertainment company, Sky has 20 million consumers across five countries: Italy, Germany, Austria, the UK, and Ireland [XVIII].

Image courtesy of: denofgeek.com

Penny Dreadful is a psychological thriller that brings together literature’s most terrifying classical characters, like Dr. Frankenstein and Dorian Gray [XIX]. It aired on May 11, 2014, and it won “Most Exciting New Series” at the Critics Choice Television Awards [XX]. Penny Dreadful is coming back with its new season for a 2015 debut on the channel [XXI].

In Other News

Image courtesy of: The Independent

Exodus: Gods and Kings has received criticism due to its lack of ethnic diversity, to which Rupert Murdoch decided to respond by tweeting the following: “Moses film attacked on Twitter for all white cast. Since when are Egyptians not white? All I know are.” [XXII]. Murdoch has not received too many good responses about this issue.

Image courtesy of: realscreen.com

On October 10, 2014, 21st Century Fox and Apollo made an agreement to create a leading company multi-platform content provider each of them owning 50 percent. Now Endemol, Shine Group, and Core Media will be a sole group in over 30 markets including digital, gaming and distribution operations [XXIII].

Up until 2018, Fox has 48 movies, including many sequels as well as prequels that are yet to come [XXIV].

[I] News Corporation Limited History From 2002. Retrieved November 27, 2014 [II] NewsCorp Divides Into Two Companies From June 28, 2013. Retrieved November 17, 2014 [III] 21st Century Fox Company Details Retrieved November 27, 2014 [IV] 21st Century Fox Analysis From November 24, 2014. Retrieved November 27, 2014. [V] Fox Broadcasting Company Retrieved November 29, 2014. [VI] 21st Century Fox Retrieved November 27, 2014. [VII] American Horror Story Retrieved November 29, 2014 [VIII] American Horror Story Numbers From October 13, 2014. Retrieved November 29, 2014 [IX] Monday Final Ratings From September 23, 2014. Retrieved November 29, 2014 [X] Gotham TV Show From September 22, 2014. Retrieved November 30, 2014 [XI] ASC Nominations for TV Cinematography From November 19, 2014. Retrieved November 30, 2014. [XII] 20th Century Fox Box Office Mojo From November 23, 2014. Retrieved November 30, 2014. [XIII] Box Office Mojo Retrieved November 30, 2014. [XIV] Gone Girl Tops Hollywood Film Awards From November 14, 2014. Retrieved November 30, 2014. [XV] The Penguins of Madagascar Retrieved December 1, 2014 [XVI] Penguins of Madagascar Box Office Mojo Retrieved December 1, 2014. [XVII] The Pyramid Retrieved November 30, 2014. [XVIII] Sky Retrieved November 29, 2014. [XIX] Penny Dreadful TV Series Retrieved November 30, 2014. [XX] Penny Dreadful Awards Retrieved November 30, 2014. [XXI] Penny Dreadful First Look From November 21, 2014. Retrieved November 30, 2014. [XXII] Rupert Murdoch’s Response From November 30, 2014. Retrieved November 30, 2014. [XXIII] 21st Century Fox and Apollo From October 10, 2014. Retrieved November 29, 2014. [XXIV] New Movie Releases Retrieved November 30, 2014.

Viacom

Posted on October 5, 2014 by nawhite

by Nalae White

Viacom Inc. 1515 Broadway

New York, NY 10036

United States

Phone: (212)-258-6000

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

Key Executives:

Philippe Dauman, CEO

Sumner M. Redstone, Founder & Executive Chairman

Thomas E. Dooley, COO

Wade Davis, CFO

Company Overview:

Viacom Inc. is an American mass media company that mainly produces films and cable television shows. Viacom is the fifth largest broadcasting and cable company in the country. Their network reaches approximately 700 million subscribers internationally, throughout about 160 countries and territories. It is estimated that Viacom owns and operates roughly 170 networks, in addition to Paramount Studios, America’s oldest film studio and distributor. Viacom’s networks are largely content based, satisfying more niche markets. Viacom operates hundreds of online, mobile, and app experiences across a wide range of media platforms, including both traditional and new forms of media. [2]

Viacom Owned Networks [i]

Viacom’s history as an independent company has been complicated. Viacom began as a spin-off network from what was then CBS, Inc., establishing itself as a public company in 1971. In 1987, National Amusements acquired the controlling shares of Viacom, owning 83% of the company. However, in 2000, Viacom formed a $39.8 billion merger with CBS Corporation, uniting the two companies once again. Then, in 2005, the companies parted ways again and Viacom rebranded itself as Viacom Inc. Along the way, Viacom had acquired and created over 100 channels through MTV Networks and otherwise. The company has experimented with joint ventures like EPIX, partnerships with music groups like Warner Music Group, feeding into more targeted markets with channels like mtvU, and of course new and innovative ideas for creating and distributing content. [3]

Current Ongoings:

Rendering of Columbia Square [4]

Viacom recently made the decision to relocate and consolidate several of its big name networks to one building in Columbia Square on Sunset Boulevard. MTV, Spike TV, Comedy Central, and BET will all operate out of the $420 million complex within 180,000 square feet of space. The move will put the networks closer to Paramount Studios, which operates a mile from the building. Viacom’s 12-year lease states that the company will capacitate nearly the entirety of a 6-story building within the complex. The lease is the largest to be signed in Hollywood in the last 10 years. Viacom is expected to poster sizable graphics that will be visible from far distances on the building. The purchase is instrumental in what is seen as a revamping of Hollywood, with the complex being the largest “media-tenant” since the construction of the Capitol Records Tower in the 1950s. [4]

Viacom’s network continues to expand, opening new channels to satisfy new markets. This year, Viacom renewed an existing distribution deal with Hulu, an online media streaming service. The contract allows Hulu to use Viacom’s existing repertoire of cable networks to substantiate Hulu’s own library. The renewal will also allow Hulu a wider range of material to choose from, including networks that were not previously available to the streaming service before, such as MTV, VH1, Comedy Central, and Nickelodeon. The deal will contribute largely to the “Hulu Kids” section of the website, reviving older series accompanied by a sense of nostalgia like “Ren & Stimpy” and “Hey Arnold!” which currently air on Viacom’s TeenNick channel. The deal also greatly amplifies the number of Viacom’s past reality shows that will be featured on Hulu. It is speculated that the deal is an attempt by Hulu to compete with Amazon Prime’s Instant Video Inventory. However, the deal barely rivals the existing subscription-streaming deal between Amazon and Viacom, which was the largest sum Amazon has paid for a streaming deal thus far.[5]

Channel 5 Logo [ii]

Viacom has, additionally, closed a £450 million deal, acquiring UK’s Channel 5 Broadcasting Limited from Northern & Shell Media Group. Channel 5 and Viacom’s existing networks have begunexperimenting with joint programming, airing Nickelodeon originated shows on Channel 5, as well producing new content with children’s shows like “Nella the Knight” and a reality show called “10,000 B.C.”[6]

Recent Legal Incidents:

In 2007, Viacom filed a $1 billion lawsuit against YouTube, claiming that the website was perpetuating Copyright Infringement. The judge ruled in YouTube’s favor in 2010, and Viacom filed for an appeal. The suit litigated for a total of 6 years until in 2013, the judge ruled again that YouTube “did not have to police itself”, and that it was Viacom’s responsibility to find infringing videos and alert YouTube to their presence. In March of 2014, Viacom made the decision to cut their losses, reaching an undisclosed settlement in which no money was exchanged with Google, YouTube’s parent company. Since the settlement, the two companies have been in contact about “seizing opportunities”, with the allusion of possible collaborations and close interactions between them.[7][8]

Promotional still for VH1’s TLC Biopic, CrazySexyCool [11]

In April of 2014, Viacom was sued by Perri “Pebbles” Reid, former manager of 90’s R&B group TLC, for claims of defamation. In 2013, the 2-hour biopic “CrazySexyCool”, following the lives and fame of the popular R&B group, premiered on VH1, a channel owned by Viacom Inc. The biopic was reported to have given VH1 its highest ratings in 5 years. The lawsuit calls for $40 million in compensatory and punitive damages, as well as a request to ban the movie or associated promotional materials from being publicized. Reid believes that the movie disparaged her reputation both as an entertainer and businesswoman, and that “Viacom abandoned journalistic and literary integrity and ignored fundamental canons of journalistic and literary conduct by publishing false and defamatory accusations with actual malice.” The former manager claims that she was presented as “conniving and dishonest”, as it demonstrated that she deceived her clients and robbed them of their royalty money. Reid claims that she had no control over the group’s lawyer’s or accountants. Viacom has refused to comment. [9][10][11]

In February of 2013, Cablevision filed an antitrust lawsuit against Viacom, alleging illegal channel tying during program negotiations; Cablevision claims that Viacom threatened a “10 figure penalty” if Cablevision did not agree to carry smaller suites in addition to must-have cable programming. Viacom counters that the “10 figure penalty” in question is the difference between standard rates and a negotiation between Viacom and Cablevision as the result of “good-faith negotiations” since the two have worked together in the past. The lawsuit was filed three months after a carriage deal between Cablevision and Viacom. Viacom moved to have the case dismissed, however the judge ruled that there was viable evidence on Cablevision’s behalf to review an antitrust claim. There is no trial date set.[12]

Financial Information

Fiscal 2014 Report:

Revenues: $13.78B

Adjusted Operating Income: $4.13B

Adjusted Net Earnings: $2.38B

Adjusted Diluted EPS: $5.4M

Viacom’s fiscal year came to a close on September 30^th, 2014. The company demonstrated an impressive fiscal year. While Viacom’s total revenue showed a negligible change in comparison to the previous year, other factors were notable. Both the company’s Adjusted Operating Income and Adjusted Diluted Earnings Per Share reached all time highs, rising 5% and 15% respectively. The company’s Adjusted Net Earnings also increased by 3.8% from the previous year.[13]

Sources:

1 Yahoo! Finance: Viacom Financial Profile Date Acquired: December 1^st, 2014

²Viacom Website: About Viacom Date Acquired: December 1^st, 2014

3 Viacom Timeline: History of Viacom Date Acquired: December 1^st, 2014

4 LA Times: Viacom Signs 12-Year Lease at Columbia Square in Hollywood Date Acquired: December 1^st, 2014

5 LA Times: Hulu Extends Streaming Deal With Viacom, Expands Library Date Acquired: December 1^st, 2014

6 Viacom News: Viacom Closes Acquisition of Channel 5 Date Acquired: December 1^st, 2014

7 Bloomberg BusinessWeek Technology: Viacom Gives Up On Its YouTube Copyright Lawsuit Date Acquired: December 1^st, 2014

8 Bloomberg BusinessWeek: Viacom and Google Settle YouTube Lawsuit Date Acquired: December 1^st, 2014

9 Bloomberg BusinessWeek: Former TLC manager sues Viacom For Defamation Date Acquired: December 1^st, 2014

10 The Root: Pebbles Files $40,000,000 Lawsuit Against Viacom Over TLC Biopic Date Acquired: December 1^st, 2014

11 Eurweb: TLC Biopic Gives VH1 Its Highest Ratings in 5 Years Date Acquired: December 1^st, 2014

12 The Hollywood Reporter: Viacom Can’t Escape Cablevision’s Antitrust Lawsuit Date Acquired: December 1^st, 2014

13 4^th Quarter ’14 Earnings Press Release: Viacom Reports Record Profit For Fiscal 2014 Date Acquired: December 1^st, 2014

Photo Sources:

i Stop the Cap: Viacom Demands 100% Rate Increases Date Acquired: December 1st, 2014

ii Deadline.com: Channel 5 Sale Speculations Date Acquired: December 1^st, 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

Buenavista/Disney Pictures

Posted on October 5, 2014 by iclynch

by Izzy Lynch

Photo Courtesy of [1] www.waltdisneystudios.com

Contact

Address: 500 S. Buena Vista Street, Burbank, CA. 91506

Phone: (818) 560-1000

Twitter: @DisneyPictures

History and Properties

Snow White Original Vintage Film Poster. Photo Courtesy of www.animationartstudio.com

The Walt Disney Studios is the world-renowned film division of the film-turned-lifestyle corporation, The Walt Disney Company (NASDAQ: DIS) [2]. Founded in 1923 under the name The Disney Brothers Studios by brothers Walter E. Disney and Roy O. Disney, the company gained recognition for Walt’s impressive art in second dimension animation and the rich character portrayals [3]. The company has become the most successful animation brand in the world, crafting iconic characters such as Mickey Mouse, and producing timeless features such as Snow White and the Seven Dwarfs (1937), Mary Poppins (1964), Lion King (1994) and many more. Since the studios’ inception, the company has grown to host multiple lucrative businesses, including resorts, theme parks, and merchandise, all utilizing the characters created through the company’s television and film productions. The studios have expanded their reach to include The Walt Disney Studios Motion Pictures, The Walt Disney Animation Studios, Pixar Animation Studios (2006), Lucasfilm Limited LLC (2012), Marvel Studios (2009), Touchstone Pictures, Disneynature, and Disneytoon Studios. Films produced by these subsidiaries are distributed through The Walt Disney Studios Motion Pictures, formerly known as Buena Vista Pictures [3].

CEO and Chairman of The Walt Disney Company, Robert A. Iger. Photo Courtesy of www.waltdisneystudios.com

CEO and Chairman of The Walt Disney Company, Robert A. Iger. Photo Courtesy of [4] www.waltdisneystudios.com

Management

As of 2005, Robert A. Iger has headed The Walt Disney Company, serving as both Chief Executive Officer and Chairman [4]. Iger reinstated the company’s relationship with the previously affiliated Pixar Animation Studios in 2006, which led to the hiring of Pixar Chief Executive Officer John Lasseter and Pixar President Edwin Catmull to head the then floundering Disney Animation sector of the studios. Since incorporating the two as Chief Creative Officer and President of the Walt Disney Animation Studios respectively in 2008, the company has seen an incredible improvement in the quality of content, producing blockbuster hits including Wreck It Ralph (2012), Frozen (2013), and Big Hero 6 (2014) [5].

Financial Information

The Walt Disney Company, which became a publicly traded entity in 1940 [6], released its Q4 and 2014 financial reports on November 6th, 2014 to reveal record-breaking numbers for the fourth year in a row. Along with impressive numbers from the overall company, Studio Entertainment revenues soared 22% from last year, earning nearly $7.3 billion out of the nearly $49 billion company revenue total, garnering the largest increase in revenue of the Company’s other business ventures [7].

The Walt Disney Company’s 52 Week Stock Price Chart. Photo Courtesy of Businessweek.com

Recently, the company experienced an impressive increase in their current trading price with the release of their eighty-eight second Star Wars: The Force Awakens teaser. Trading prices for the company rose to a share price of $92.96 on Friday, November 28th [8], which has proven to be not only a 52-week high, but also an all time high for the company [9]. While stock prices represent the entire Walt Disney Company, it is important to note that the characters from the film productions are an integral part of what keeps the company relevant and popular, which has a significant impact on the stock price.

Current Projects

The Walt Disney Studios operates their production of films in the format of larger tent-pole franchises supporting the lower budget features. The company tends to produce films that fulfill the requirements of the four quadrants of moviegoers: both male and female, over and under 25 years of age.

After Disney’s overwhelming domestic and international success of 2013’s animated hit Frozen, the company has continued to produce high quality and exceptionally profitable films throughout its current slate [10], which includes both live action and animated features. Towards the closing of a strong summer for the company, with releases such as Maleficent and Planes: Fire and Rescue, Marvel Studios released the tent-pole live action film Guardians of the Galaxy [10], which has garnered the title of being the top grossing film of 2014 with a total earning of $331.1 million at the global box office; a considerable achievement for its $170 million budget [11]. Starring Chris Pratt, Zoe Saldana, and Bradley Cooper, the film explores the uniting of a motley crew attempting to save the galaxy at the hands of an evil villain [12]. The film premiered on August 1st, 2014, and was highly praised by critics and audiences alike, scoring a 90% critic approval rating from Rotten Tomatoes [13].

Big Hero 6 Promotional Poster. Photo Courtesy of www.marvel.wikia.com

Guardians of the Galaxy served as the ideal primer for the November 7th release of Big Hero 6, a collaboration of the Walt Disney Animation Studios and Marvel Studios. Big Hero 6, with its $165 million production budget [14], incorporated characters from Marvel’s 5,000-character bank into the Animation Studios’ computer generated imagery format [15]. The result was a success; the film garnering a $50 million domestic box office in its opening weekend, as well as gaining the top spot of the weekend box office ahead of highly anticipated films, such as Warner Brothers’ Interstellar [16]. The film has netted $224.1 million in the worldwide box office to date [16].

Future Projects

The Walt Disney Studios have many high profile projects planned for release through 2019, having announced multiple films from each of its accompanying brands. Many of these films include live-action reboots of past Disney classics, continuations of prior franchises, or new franchise launches.

The most highly anticipated upcoming releases include the reboots of the Star Wars franchise. Star Wars: The Force Awakens, directed by the talented J.J. Abrams, utilizes the Lucasfilm-constructed universe to continue the saga and is scheduled for release in December, 2015. The film, which takes place in a time after Star Wars Episode VI: Return of the Jedi (1983), starring Harrison Ford, Mark Hamill, Carrie Fisher, and others from the first installment of the series, has generated great interest. Chairman and Chief Executive Officer Bob Iger has announced that his contract has been extended from terminating in March 2015 to June 2018 to oversee the release of two of the three upcoming Star Wars films [17].

Walt Disney Studios has also announced the continuation of the wildly popular Pirates of the Caribbean franchise, with a new film scheduled to be released in the summer of 2017. The film will be titled Pirates of the Caribbean: Dead Men Tell No Tales [18].

Marvel plans to continue the producing widely profitable Avengers, Thor, Captain America, and Guardian of the Galaxy franchises, scheduling to release sequels to the films through 2018. Marvel has multiple other first-appearance films set to premier as well [19].

Pixar Animation Studios has announced the production of Toy Story 4, which came as a shock to many after the seemingly neat conclusion of the franchise with the release of Toy Story 3 (2010) [20]. Pixar has also announced plans to revive The Incredibles and Finding Nemo films with sequels, including the anticipated release of the film Finding Dory in 2016 [21]. Pixar is anticipating the release of their next film, Inside Out, a story told through a child’s emotions, in June of 2015 [21].

Sources

[1] “The Walt Disney Studios >> Walt Disney Studios Home” The Walt Disney Studios Retrieved 28 November 2014

[2] “DIS-NASDAQ.com” NASDAQ.com Retrieved 30 November 2014

[3] “Disney History” The Walt Disney Company Retrieved 29 November 2014

[4] “Rober A. Iger – The Walt Disney Company” The Walt Disney Company Retrieved 29 November 2014

[5] “Big Hero 6 Proves it: Pixar’s Gurus Have Brought the Magic back to Disney” Wired.com Retrieved 29 November 2014

[6] “Chronology of The Walt Disney Company” Chronology of The Walt Disney Company Retrieved 26 November 2014

[7] “Disney Fiscal Report 2014” The Walt Disney Company Retrieved 22 November 2014

[8] “DIS: Stock Information” Businessweek.com Retrieved 28 November November 2014

[9] “‘Star Wars’ Trailer Awakens Walt Disney Stock” TheGuardian.com Retrieved 30 November 2014

[10] “The Walt Disney Studios Current Slate The Walt Disney Studios Retrieved 28 November 2014

[11] “2014 Top Grossing Films” BoxOfficeMojo.com Retrieved 1 December 2014

[12] “Guardians of the Galaxy – IMDB” IMDB.com Retrieved 1 December 2014

[13] “Guardians of the Galaxy Review – Rotten Tomatoes” RottenTomatoes.com Retrieved 28 November 2014

[14] “Big Hero 6 Box Office” BoxOfficeMojo.com Retrieved 30 November 2014

[15] “Disney Buys Marvel Entertainment” TheGuardian.com Retrieved 26 November 2014

[16] “Nov. 7th 2014 Weekend Results” BoxOfficeMojo.com Retrieved 30 November 2014

[17] “Bob Iger to Remain Disney Chief through 2018” Variety.com Retrieved 26 November 2014

[18] “‘Pirates of the Caribbean 5’ Set for Summer 2017” The Hollywood Reporter Retrieved 23 November 2014

[19] “Marvel Studios Announcements” The Slate Retrieved 27 November 2014

[20] “Pixar’s ‘Toy Story 4’ Set to Play in Theaters in 2017” Variety.com 07 November 2014

[21] “Pixar Animation Studios Official Slate” Pixar Retrieved 30 November

Universal Pictures

Aside

by [Bobby O'Brien]

Universal Pictures Logo [1]

Overview & History

Universal Pictures, a subsidiary of NBC Universal, is considered one of the planet’s most renowned film studios. For nearly a century the company has produced academy award winning films and culture shaping content. Over the past 6 months, Universal Picture’s tradition of excellence has continued. Since June 29th 2012, Universal Pictures has released 5 major motion pictures. Of these films, 4 have placed within the top 70 grossing films of 2012, and 3 have placed within the top 50. These five films have accumulated a combined gross product of $442, 317, 963. [2]

Carl Laemmle [4]

In 1915, German-American Film pioneer, Carl Laemmle, founded Universal Studios with the help of Abe and Julius Stern. The trio constructed two movie sets on a former chicken farm in Los Angeles California. Ninety-eight years later, 100 Universal City Plaza Drive in Los Angeles California remains the home of Universal Studios. [3] Today Universal Pictures is spearheaded by several accomplished and capable leaders, including James Schamus, Jimmy Horowitz, Cindy Gardner, Adam Fogelson, and Rick Finkelstein.

Executives

James Schamus [6]

James Schamus is the Chief Executive Officer of Universal Pictures. He has held the position since May of 2006. Schamus also serves as the Co-President of Focus Features, a sister company of Universal Pictures. [5]

In May of 2010, Jimmy Horowitz was named president of Universal Pictures. Horowitz manages day to day business operations for the studio and serves as a key member for Universal’s senior management team. He has worked for Universal for more than 18 years. [7]

Cindy Gardner has served as Universal Studio’s Senior Vice President since September 2005. Gardner is responsible for the company’s media relations, issues management, philanthropy, and special events. [8]

Adam Fogelson has held the title of Chairman of Universal Pictures since October of 2009. He oversees worldwide operations for the motion pictures group. Projects that Fogelson has worked on include American Pie, Knocked Up, and Erin Brockovich. [9]

Rick Finkelstein serves as Universal Pictures Vice Chairman and Chief Operating Officer. This Jerry Seinfeld-look-alike oversees Universal Picture’s worldwide home entertainment and television distribution. [10]

Recent News

September:

September 7th, 2012

The Street has recently informed the public of Universal Pictures plans to release Pitch Perfect, a musical comedy staring Anna Kendrick, on Friday September 28th, one week earlier than its scheduled premiere on October 5th. The film’s wide release is set to remain on its prior date, however select theaters in North America will have an opportunity to see it ahead of time. The limited release was constructed following positive feedback from early screening moviegoers. Universal Pictures feels that Pitch Perfect has a reliable and sturdy target audience that is eager for the film’s release. To some surprise, Universal Pictures has promoted Pitch Perfect with “the most extensive screening campaign in the studios history.” [11]

September 25th, 2012

The Hollywood Reporter reports that Universal Pictures has set a record for the “highest grossing-year domestically in the studio’s 100 year history”. On Monday September 24th, the studio surpassed the previous record of $1.27 billion set in 2008. More than a third of the studio’s gross product came from The Lorax and Ted, acquiring a combined $432 million. This ground-breaking news comes before the release of four major Universal Pictures’ films, including Pitch Perfect, The Man WIth the Iron Fists, This is 40, and Les Miserables. Universal Pictures is on track to shatter its 2008 record. Perhaps it will be far more than four years before the record of 2012 will be broken. [12]

October:

October 29th, 2012

According to Variety, Universal Pictures has alas acquired the rights to Subdivision. The sci-fi comedy written by Morgan Jugerson and Alex Ankeles will be produced by Justin Lin and Elaine Chin. All involved in the deal have been sure to keep the

Fast Five [16]

premise under wraps. Lin may be remembered for his recent success associated with Fast Five, a film he produced that was released in April of 2011. Universal’s VP of production, Kristin Lowe, will oversee the project. Unfortunately, a feasible release date for the film has yet to be determined. [13]

October 31st, 2012

PR Newswire has reported that Universal Pictures will release its Despicable Me 2, trailer on iTunes today. The occurrence marks the first time that the studio has released a trailer on iTunes with international versions available within the same 24 hour period. This development perhaps illustrates the studio’s continued technological and global advancements. Despicable Me 2 hits theaters on July 3rd 2013. [14] Universal will attempt to play off of the success of Despicable Me, which raked in a total domestic gross of $251,513,985 in the summer of 2010. [15] Look for Despicable Me 2 to make a big splash this summer.

November:

November 12th, 2012

The Hartford Courant has recently reminded us that, November 15th, 2012 marks the 50th anniversary of the groundbreaking premiere of To Kill a Mocking Bird. Universal

To Kill A Mockingbird [18]

Pictures’ adaptation of Harper Lee‘s novel will be re-released on Thursday, November 15th in select theaters. The 1962 film won Gregory Peck an Oscar for his portrayal of Atticus Finch. It will forever be remembered as an American classic. [17]

November 13th, 2012

At 9 a.m. pacific standard time, the Los Angeles Times reported a story that is sure to shake up the film industry. According to the newspaper, Michael Eisner‘s Tornante Co. has finalized a distribution deal with Universal Pictures. The multiyear deal will lead Universal Pictures to market and distribute movies financed by Tornante. Eisner is the former Chief Executive Officer of the Walt Disney Company. In an attempt to “return to his roots” of moviemaking Eisner looks to take advantage of the industry’s lack of original stories. He hopes that the first of Tornante’s feature films will be released no later than early 2014. In a time when the film industry is cluttered with sequels and remakes, it is encouraging to hear of an opportunity for new and original content. With the money and support of Universal Pictures, Tornante Co., is likely to become a household name in Hollywood. [19]

November 29th 2012

In March of 2012 Universal Pictures Spent $5 million to acquire the movie rights of Fifty Shades of Grey, the best selling novel written by E.L. James. The Hollywood Reporter has released a story stating that Universal pictures has recently filed a lawsuit against Smash Pictures and director James Lane, who have recently finished producing Fifty Shades of Grey: A XXX Adaptation. Luv Moves a distribution company that packaged and allocated DVD’s of the porn parody has also been targeted in the lawsuit. Universal Picture’s and Fifty Shades Ltd. are requesting an injunction and further monetary damage. [20]

December

December 4th 2012

Universal Picture’s Les Miserables, is one of the most highly anticipated films of 2012. Set to be released on Christmas day, the musical starring Hugh Jackman, Russell Crowe, and Anne Hathawayis due for a strong opening weekend and perhaps some

Les Miserables [21]

recognition from the academy. The Sacramento Bee has reported an announcement from Universal Pictures, stating that the film will be “digitally remastered into the immersive IMAX format” and released in IMAX theaters worldwide. The film will be released in IMAX theaters in New York, Los Angeles, Toronto, and Montreal on December 25th. Those abroad will have to wait until January 10th for the film’s IMAX release. Greg Foster, the President of IMAX entertainment, stated that Les Miserables “lends itself perfectly to the IMAX Experience”. The IMAX release of Les Miserables is sure to amplify the buzz surrounding the movie and its premiere. The second format option and increase in screens may lead to a tremendous financial success. [22]

Future

The upcoming winter and remainder of 2012 appears to be promising for Universal Pictures. On December 21st 2012, This is 40, a film written and directed by Judd Apatow, will be widely released in North America. The highly anticipated Les Miserables, will premiere on Christmas day and the Osama Bin Laden murder thriller, Zero Dark Thirty, will be released two and a half weeks later. A fitting end to a record-setting year seems to be in store for Universal Pictures.

Sources:

[1] Universal Pictures’ Twitter Account; https://twitter.com/UniversalEnt

[2] Box Office Mojo; 2012; http://www.boxofficemojo.com/yearly/chart/?yr=2012&p=.htm

[3] U.S. History: Universal Studios; http://www.u-s-history.com/pages/h3086.html

[4] Silent Hollywood; http://silenthollywood.com/carllaemmle.html

[5] Bloomberg Business Week; http://investing.businessweek.com/research/stocks/private/person.asp?personId=2144227&privcapId=2092219&previousCapId=804881&previousTitle=Universal%20Studios,%20Inc.

[6] IMBD; James Schamus; http://www.imdb.com/name/nm0770005/

[7] NBC Universal Website; Executives; Jimmy Horowitz; http://www.nbcuni.com/corporate/management/executive/universal-pictures/jimmy-horowitz/

[8] NBC Universal Website; Executives; Cindy Gardner http://www.nbcuni.com/corporate/management/communication-lead/universal-pictures/cindy-gardner/

[9] NBC Universal Website; Executives; Adam Fogelson http://www.nbcuni.com/corporate/management/senior-corporate-executives/universal-pictures/adam-fogelson/

[10] NBC Universal Website; Executives; Rick Finkelstein http://www.nbcuni.com/corporate/management/executive/universal-pictures/rick-finkelstein/

[11] PR Newswire; The Street; http://www.thestreet.com/story/11689878/1/universal-pictures-to-release-pitch-perfect-in-select-theaters-on-friday-september-28-2012.html