Latest Media News

Business

TECH Bits: Microsoft’s Mojang Deal A Bet On Community Building?

Image (1) minecraft__140227211000.jpg for post 690664

Lots of eyebrows shot upward this week on the news that Microsoft would spend $2.5 billion to buy Mojang, a little Swedish company that happens to be behind the big game franchise Minecraft. And maybe they should have. Digi-Capital's analysis of the deal suggests Microsoft spent at least twice as much for Mojang compared with other one-hit-wonder game companies. Just take a peek at their chart showing ratios of price to sales, and profits to sales, for Mojang and some… Read

Business

Les Moonves: There’s A “Strong Possibility” Showtime Will Be Available Without A Pay TV Subscription

Allen And Company Annual Meeting Draws Top Business Leaders To Sun Valley, Idaho

This is the most definitive statement yet from CBS, where executives have made it clear in recent weeks that they're looking at new ways to offer Showtime. There's a “very strong possibility” that Showtime will be offered directly to consumers over the Internet “and possibly with CBS as well,” CEO Les Moonves told investors today at the Bank of America Merrill Lynch Media, Communications and Entertainment Conference. Overseas the company is considering “making an offering… Read

Business

Cable Industry Trade Confab Rebranded To INTX: The Internet And Television Expo

Cable Show

The National Cable and Telecommunications Association's annual trade meeting — The Cable Show —  used to be an exciting affair. Visitors saw new channels and technologies strut their stuff — and cut splashy deals with cable operators. But that's faded: Cable's a mature industry, and the marketplace for programming and services takes place at any time of the year in Philadelphia, where Comcast has outsized power to decide which ones thrive or struggle. So it makes sense… Read

Business

Sony Slashes Profit Estimate As Mobile Phone Sales Fail To Connect

Sony Experia Phones

U.S. shares are down 6.1% in mid-day trading after Sony took a $1.67B charge for its mobile communications unit. Its mid-range mobile phones struggled to keep up with rival models from Apple and Samsung. As a result, the company says today it will cut back on those models and concentrate on its higher-end ones in “certain geographical areas.” With the writedown, Sony says that it expects the fiscal year that ends in March to record a $371.8M operating loss vs  the $1.3B… Read

Business

Publishing: Joan Rivers Biography Planned For 2016

Joan Rivers Biography

Little, Brown & Co. said Tuesday it plans to publish a biography of Joan Rivers in 2016 to be written by veteran journalist Leslie Bennetts. Little, Brown editor in chief Judy Clain called Rivers "an icon and a role model to millions." The acid-tongued comedian, a prolific author and memoirist, died September 4 at 81. "Joan Rivers' life story was…characterized by triumphant highs and devastating lows, one that is both wildly entertaining and deeply moving,” Bennetts, a… Read

Business

‘WIGS’ Creators Launch Indigenous Media With WPP, ITV Backing

Indigenous-Logo

Indigenous Media, a digital-video company led by film and TV vets Jon Avnet, Rodrigo Garcia and Jake Avnet, has launched with investments by ITV and WPP. Jon Miller, former head of AOL and News Corp.'s digital media unit, is non-executive chairman. Producer/director/writers Avnet (Fried Green Tomatoes, Justified, Righteous Kill) and Garcia (In Treatment, Carnivale, Six Feet Under) and Avnet's tech-savvy son, Jake Avnet, are the creators behind WIGS, the female-centric… Read

breakingFilm

New York Film Fest Will World Premiere Laura Poitras’ Edward Snowden Docu ‘CITIZENFOUR’

South By Southwest Interactive Festival - Day 4

New York Film Festival director Kent Jones said today that the Film Society of Lincoln Center has added the world premiere of Laura Poitras' CITIZENFOUR to its Main Slate lineup. The presentation will run Friday, October 10 at 6 PM at Alice Tully Hall. Poitras will also participate in a free HBO Directors Dialogues the following day at 4 PM, at the Walter Reade Theater. The film, from RADiUS in association with Participant Media and HBO Documentary Films, opens… Read

Business

Scripps Networks Agrees To Supply Channels To Dish Network’s Planned Streaming Video Service

Scripps-Networks-Interactive-Logo

HGTV, Food Network, and Great American Country aren't the first channels that come to mind when one thinks about programming for millennials. But following an agreement announced this morning, the Scripps Networks Interactive channels will be part of the package that Dish Network is assembling for its planned broadband video service that will target young viewers who want a low-cost alternative to the full pay TV bundle that many consider to be too expensive. The… Read

Business

Machinima Names Daniel Tibbets Chief Content Officer

Daniel Tibbets Machinima CCO

Machinima has named former Bunim/Murray Productions executive Daniel Tibbets as Chief Content Officer, a new role in the gamer-oriented online-video network. The move is one of several in a change-filled few months at Machinima, which this year has laid off much of its sales staff, seen several executives go and come and received an $18 million round of investment led by Warner Bros. In the new role, Tibbets will be responsible for both programming strategy and building… Read

Awards

Social 25 Honorees Include Sophia Bush, Endemol Unit, Beats, All Def Digital

Social Media Week LA logo

Actors Sophia Bush, Caitlin Crosby and Marlon Wayans are among this year's honorees in the Social 25 as part of the upcoming Social Media Week Los Angeles conference and other festivities. They join Endemol Beyond USA President Will Keenan; Russell Simmons and Steve Rifkind of All Def Digital; Beats founders Jimmy Iovine, Doctor Dre and Ian Rogers; Danny Gabai of Vice Media; and YouTubers Grace Helbig, DJ Skee; the Fine Brothers (Kids React), Beatriz Acevedo of online… Read

Business

Microsoft Buys ‘Minecraft’ Maker Mojang For $2.5 Billion

Minecraft logo

Microsoft has closed the previously much-rumored deal to acquire Mojang, the small Swedish company behind the massively popular videogame franchise Minecraftfor $2.5 billion. If you're not a gamer, or the parent of one, you may not know Minecraft, but trust me, the little kids understand. It's huge, one of the biggest independent game franchises in the world. The game has blocky, Lego-like graphics that are far from state-of-the-art in their style, but it hasn't stopped… Read

Business

Cable Operators Continue To Lead Industry In Profitability: Report

TV screens monitors

Next time a cable operator complains about rising programming costs, studio execs should pull out the chart on page 6 of the report about media profitability out this morning from accounting and advisory firm EY (formerly known as Ernst & Young). Cable operators collectively will end this year with cash flow (EBITDA) margins of 41.3%, up from 40.7% last  year — not including Comcast, which is categorized as a conglomerate. It's the best performance cable has generated in… Read

Follow

Get every new post delivered to your Inbox.

Join 444 other followers