UPDATE: Time Warner CEO Says Netflix Hurt Nickelodeon's Ratings

Time Warner 2012 EarningsUPDATE, 8:50 AM: Time Warner CEO Jeff Bewkes joined the pack of media company CEOs predicting that this year’s upfront ad market will be strong. “It’s looking pretty good,” he told analysts this morning. Ad cancellations are low. He also says that the company has strong momentum. Although he acknowledged that “TNT ratings remained challenged” in Q1, he believes that advertisers will warm to the addition in June of re-runs of The Mentalist, and plans to add four original series. Also CNN should benefit from the election, and Cartoon Network is “taking significant viewing share from its competition” — including Nickelodeon, which Bewkes says was hurt by its decision to offer some of its shows on Netflix. “Cartoon Network was up 14% and we think part of the reason is that we don’t have our shows spinning on (a subscription VOD) service.” Although there’s a role for streaming services like Netflix, if you put a show on “that runs the sprockets off, you’re going to erode the value.” That’s fine for older content, but for a popular show such as The Big Bang Theory “it’s unlikely it’s going to go to an S-VOD service anytime soon.” He wouldn’t mind, though, if Hulu — as widely rumored — changes its business model to be just available to pay TV customers. “We think authenticating makes sense… Hulu’s heading in the right direction now.” (more…)

This article was printed from https://deadline.com/2012/05/time-warner-q1-results-top-forecasts-with-help-from-tv-and-movies-265390/