Hollywood Radio & Television Society (HRTS)’s Post

Walt Disney's Chief Executive, Bob Iger, said Disney has significantly reduced its investment in content for traditional television networks. #newsupdates #newsflash #newsupdate #newsfeed #businessupdates #businessupdate #businessnews #business #indianews #disney #waltdisney

Why Disney Is Shrinking Its TV Kingdom After scrapping ABC Signature, Disney is doubling down on hitmaking mainstay 20th TV while continuing to offload costs and staff. - Hollywood Reporter Disney’s decision to shut down its ABC Signature TV studio marks the second such move by a media conglomerate in the past two months. It’s another sign of the contraction-minded times - " Why? Integration or Assimilation. Leaderships refusal to collaborate for much bigger revenue opportunities, when content competition is healthy outside the walled garden. Saves jobs, huge revenues. #NextGenStreaming #FreeCast #YouBundle #NoMoreAppDiving https://lnkd.in/eExUdaFG

MARKET SHARE DYK: The Walt Disney Company topped (month of) May’s Nielsen’s Media Distributor Gauge, a cross-platform view of total TV consumption introduced last month: Disney’s share of TV viewing was 11.4%, followed by YouTube (9.7%), NBCUniversal (9%), Paramount (8.8%), Warner Bros. Discovery (8.1%), and Netflix (7.6%). Fox saw the largest month-over-month increase, rising from 6.1% 6.4%. OTHER: 39% --------> IFTNETWORKTV is in the OTHER category! Which means we have MARKET SHARE! A thin slice, but a SLICE!! Now we grow that slice!!! PS: (We like "CAKE 🎂 charts". Sorry pie 🥧 charts!)

BUSINESS FOCUS: Paramount Television Studios, is shutting down as a $500 million cost cutting effort by parent corporation Paramount Global. A bitter but possibly necessary medicine (that they may yet grow to regret). A rather sad end to the division that was Desilu Production Studio, founded by Lucille Ball and Desi Arnaz, and that also produced Star Trek and most recently Jack Ryan series. This streamlining move will bring series creation back to CBS Studios, and a much-needed creative talent boost for the NCIS universe that has been plagued by confusion due to constant changes. However, there is a risk that this shift could limit the emergence of fresh and unconventional series ideas as CBS Studios tends to focus heavily on a single genre. This may result in valuable input from former Paramount Television creators being overlooked and fewer opportunities for new ideas to surface, given the reduced channels of communication for discussing TV series. Summary Analysis: the decision is necessary to achieve cost-cutting goals and improve management efficiency. Yet, there is a concern that it could impede the development of innovative series needed to thrive in the evolving landscape of Paramount Global. It is crucial to find a balance that preserves a culture of creative thinking and embraces risk-taking to continue fostering innovative ideas and opportunities in the television industry.

This week, Warner Bros. and Paramount just can't help but dig their graves. Nielsen Ratings Show Notes Screen Actors Guild Taps Nielsen for Help Verifying Streaming Services’ Data - Bloomberg SAG-AFTRA Inks Deal With Nielsen to Measure Streaming Content Nielsen TV Rating Services Accreditation Suspended By Media Rating Council NBA Targets $76 Billion Windfall in New TV Rights Deal Warner Bros. Discovery’s stock plummets to new low amid concerns the media giant could lose its NBA rights | CNN Business Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy 'Interim Principal Executive' For SEC Purposes CBS CEO George Cheeks on Long-Term Plans, Morale, Paramount Fate (variety.com) Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid Paramount Shareholder Asks for Court Order to Obtain Documents Tied to Skydance Merger Talks Skydance Offers Paramount a Deal Sweetener: A $3 Billion Cash Infusion Skydance's Proposed Deal With Paramount Global Appears to Be Falling Apart MLB in advanced talks to make Roku new home for Sunday morning baseball: Sources - The Athletic Recommendations The Last Graduate, by Naomi Novik Unfrosted Monster Train Outside Xtra outsidexbox

✅🖥️ Deadline (5/17): “It marked a sea change for the Madison Avenue set, who were previously treated to a cavalcade of television stars promoting the small-screen, usually fresh from the broadcast pilot process. Unlike April’s CinemaCon, which plugs movies to theater owners, or July’s ComicCon, which entices fans, the Upfronts present movies as properties well-suited to automakers and pharmaceutical companies. The streaming wars over the past five years have revealed movies to be valuable subscriber lures and, as the industry embraces ads in streaming, marquee properties for brands. In many cases now, advertisers buy positions ahead of theatrical launch and extending through streaming, a possibility in today’s marketplace due to tighter release windows. But what’s clear is that film is invading one of the last moments for television to shine. The golden age of television highlighted that many of the most-talented writers wanted to work on the small screen. But despite this, television has always been somewhat in the shadows of the movie world, despite paying the bills for the biggest entertainment studios.” ⬇️ #streamingtv #ctvadvertising #hollywood #upfronts https://lnkd.in/eSrFhmt8

Paramount takeover? "A comedian who has established himself at the top of the media business has made a $14.3 billion offer for Paramount Global. A statement issued by Byron Allen’s Allen Media Group (AMG)confirmed the company would take on $15 billion debt from the film studio, TV and steaming business." This comes out of nowhere it seems. I remember not long ago there were rumours that Paramount was in talks with Warner Brothers Discovery. So, it seems that Paramount is ripe for a takeover, but is it becoming a race? #streamingservices #streamingmedia #svod #takeovers #mergersandacquisitions #tvindustry

Very curious to see how this one shakes out considering Allen’s past attempts to bid for ABC, Tegna, E.W Scripps, BET, and Paramount! Paramount Pictures and its surrounding production resources have tremendous potential if paired with the right buyer. CBS, with an NFL rights contract that runs through 2033, is likely the only linear TV asset that retains a fraction of the value Shari Redstone sees in it. The time to sell was 3-4 years ago; think Murdoch starting a bidding war for Fox’s theatrical assets and generating a 71.3 billion dollar sale price. Paramount’s best fit for a buyer is someone looking to replicate Sony’s “content dealer” license revenue model with streamers, or a PE firm with mountains of cash and large scale holdings in linear TV (looking at you Apollo). https://lnkd.in/guUM88_j

Tough Market We have all watched the streaming wars evolve over the last two decades. Paramount went for a mixed low-cost and differentiation strategy (heavy into Star Trek revival and a few other shows that didn’t do so well) in light of their rivals. Clearly there is some restructuring work taking place to squeeze value from elsewhere. Interesting to see how this response goes. #Paramount #CBS #cuts #business #strategy #television #entertainment #shows

This week for my Artist Representation course, I have chosen to highlight an article written by Todd Spangler for Variety discussing Apollo Global's $11 billion offer to purchase Paramount Film and TV studios. Apollo Global is a private equity firm, with around $75.9 billion of assets under management and a portfolio with more than 190 companies. Apollo has recently put in an offer to purchase Paramount Studios and the Paramount TV studios group. Spangler cites the Wall Street Journal as reporting an offer of $11 billion. Though Apollo would acquire Paramount TV & Studios, the deal would reportedly not include CBS, the company's cable networks like BET, Comedy Central, Nickelodeon and MTV, or Paramount+ and Pluto TV, the streaming businesses. The $11 billion offer is significantly larger than the estimation of the company, which is $7.3 billion. One reason theorized for this may be an effort to relieve some of Paramount Global's debt, which is estimated to be $14.6 billion at the end of 2023. There has been no comment made from both Apollo Global or Paramount regarding this potential sale. Paramount seems to be putting all efforts in to either selling its assets or merging with other companies, such as the potential combined streaming service of Paramount+ and NBCUniversal's Peacock. Paramount Global, as a whole, also had a purchase offer for $30 billion earlier this year. Overall, I believe that we may be witnessing the end of Paramount. Esquire Group Inc. Eva Casey Link: https://lnkd.in/gHznvd4V