FCC Chairman Proposes To Restore Rule To Ease TV Station Mergers
Stock prices for TV station group owners are up today as FCC Chairman Ajit Pai signaled his willingness to make it easier for big players to become bigger.
The agency’s April 20 meeting will include a plan to reinstate the so-called UHF discount used to calculate when a company hits the FCC’s ceiling on the number of stations it can own.
“I'm proposing that we hit the reset button, returning the rule to the way it was up until last fall” when the FCC abolished the… Read
FCC’s Long-Running Broadcast Spectrum Auction Is Finally Over
The FCC’s long-running, multi-stage effort to auction spectrum currently used by broadcasters is finally over: Bidders today found out who won specific blocks of the precious airwaves. The FCC is expected to announce the results in April.
The process formally began a little more than a year ago, but has been debated and planned for about six years.
The basic terms were settled earlier. Telco and other companies eager to boost their wireless broadband offerings agreed to… Read
Pay TV Cord Cutting Poised To Accelerate Based On 2016 Data, Analyst Says
What a difference two months make. In late January, SNL Kagan forecaster Tony Lenoir made what he deemed an “aggressive” prediction when he said that the number of homes subscribing to broadband — but not pay TV — could grow 83% from the end of 2016 to 28.0 million in 2021.
Now he says the prediction “could end on the conservative side given the speed at which the TV ecosystem and U.S. broadband landscape are evolving.”
The subscription data for the end of 2016, he says,… Read
BET Programming Shakeup: President Stephen Hill & EVP Zola Mashariki Exit
BET Networks said that President of Programming Stephen Hill is stepping down at week’s end, and EVP Head of Original Programming Zola Mashariki is also departing. Connie Orlando, SVP Specials, Music Programming, and News, will serve as the interim Head of Programming, according to chairman and CEO Debra Lee, who broke the news to staff at the Viacom-owned network via memo (read them below).
The news comes a month ahead of BET Networks’ annual upfront presentation to… Read
NBCU Teams With Snap And BuzzFeed To Offer Content At 2018 Winter Olympics
Here’s an example of the kind of alliance NBCUniversal apparently had in mind early this month when it made a $500 million investment in Snap — owner of Snapchat — in its initial public offering: The companies say today that they will partner to offer content in February from the Winter Olympics in PyeongChang, South Korea.
Snapchat will cover the games on Snapchat Discovery with daily “Our Stories” and “Publisher Stories.” The latter will be co-produced by BuzzFeed, in… Read
Annapurna Taps Adrienne Becker As COO As Ramp-Up Continues
Killer Content CEO Adrienne Becker is joining Annapurna to be its Chief Operating Officer, the latest exec movie at Megan Ellison’s growing operation. Becker will be tasked with leading the company's business strategy across Annapurna Pictures, Annapurna TV and Annapurna Interactive. She will report to Ellison.
In May 2014, Becker’s Glass Elevator Media merged with Christine Vachon and Pam Koffler’s indie shingle Killer Films to creat Killer Content, which added TV and… Read
Movie Theaters Sold $758.3M In Ads Last Year Driven By National/Regional Growth
Advertisers piggybacked on hits including Finding Dory, Rogue One, The Secret Life of Pets, and Deadpool last year as they spent $758.3 million to hawk their wares at movie theaters, the Cinema Advertising Council reports today.
The total, up 5.8% vs. 2015, is a new high for the industry. Deals with national and regional sponsors outweighed a slowdown in local sales according to the trade group’s annual account at the exhibition industry’s CinemaCon confab in Las Vegas… Read
House Votes To Scuttle FCC’s Broadband Privacy Rules – Update
UPDATE: The House just voted 215 to 205 to scrap FCC rules that would require ISPs to obtain subscribers’ consent before using or selling data about their internet habits.
The decision virtually guarantees that one of former FCC Chairman Tom Wheeler’s most hard-fought initiatives will be scuttled. The vote, mostly along partisan lines, mirrors last week’s 50-to-48 Senate vote approving a similar bill. President Trump is expected to sign.
"Big Cable and Big Telecom have… Read
AMC Entertainment Completes Acquisition of Nordic Cinema Group
The world’s largest movie exhibition chain just became a little bigger: Wanda Group’s AMC Entertainment today closed its $964 million deal to buy Stockholm-based Nordic Cinema Group, the largest cinema chain in the Nordic and Baltic regions.
Nordic shareholders — led by private equity firm Bridgepoint and Swedish media group Bonnier Holding — received $651.9 million in cash, while AMC repaid $312.5 million in the chain’s debt.
AMC says it expects to find $5 million of… Read
Hulu Adds Spanish-Language Programs From Sony And Telemundo
Hulu has beefed up its Spanish-language offerings with two deals unveiled today that secure programming from Sony Pictures Television and co-owner Comcast’s Telemundo.
The company didn’t disclose financial terms, but says both pacts are “multi-year.”
The first time agreement with Telemundo will give Hulu five series from its library, They include past episodes of La Reina del Sur, Celia, and Bajo El Mismo Cielo, which are available now. On April 15 Hulu will add the… Read
Jim Gianopulos Takes Reins Of Paramount As Chairman & CEO
Former Fox Filmed Entertainment Group chairman and CEO Jim Gianopulos is (finally) taking the reins of Paramount Pictures. He has been hired as chairman and CEO steps into the role left vacant by Brad Grey, who was pushed out of the company after multiple financial failures. The hiring puts an end to weeks of speculation and negotiations that often took place in the media. Sources said the hiring was just announced internally. Gianopulos will report directly to Viacom… Read
IM Global Television Expands Unscripted & Alternative Development Team
IM Global Television announced the hiring of Jennifer Colbert, Tim Rosenman and Casey Kelly, in efforts to ramp up its Unscripted & Alternative division. Colbert was named VP Development, Rosenman is Director Development and Kelly takes on the role of Manager Development.
"It's exciting times here at IM Global Television as we begin assembling the first wave of a team with dedicated focus on formats and programs with global appeal," said IM Global Television's President… Read