Entertainment and media correspondent
Susan's Feed
Dec 2, 2010
via MediaFile

Time Warner says no advanced degree needed for device management

Photo

Time Warner Chief Executive Jeffrey Bewkes stopped in at the Reuters Global Media Summit and shared his vision for a future where people will get all their entertainment needs on every device, like smart phones, tablets and computers– but said it must be easy for consumers.

“We don’t want in the future for people to have to have  a Phd in device management,” Bewkes told Reuters journalists, but stressed  that the future of the media business clearly lies on “more and more devices not less,” he said.

Dec 1, 2010

Netflix scrambles future of TV and films

NEW YORK (Reuters) – Hollywood, which embraced Netflix Inc just a few years ago as a savior, is moving quickly to stanch the growth of one of the media’s newest, biggest stars.

Senior executives at three of the big six television and movie studios said they were seeking ways to contain Netflix — from delaying when Netflix can make new DVDs available to rent to raising the prices for digital programs.

Dec 1, 2010

Reuters Summit-Netflix scrambles future of TV, films

1 (Reuters) – Hollywood, which embraced
Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) just a few years ago as a savior, is
moving quickly to stanch the growth of one of the media’s
newest, biggest stars.

Senior executives at three of the big six television and
movie studios said they were seeking ways to contain Netflix –
from delaying when Netflix can make new DVDs available to rent
to raising the prices for digital programs.

Nov 16, 2010

Studios’ premium VOD claims untrue-exhibitors

LOS ANGELES, Nov 15 (Reuters) – Several big studios have
said they plan to soon offer films at home while still playing
in theaters — but theater owners say it is not true.

“They’re trying to create an air of inevitability that
doesn’t exist. I believe opinions are all over the map on this
and I don’t think it’s anywhere near decided that they will do
this anytime soon,” said John Fithian, president of the
National Association of Theater Owners (NATO), who said such a
move would hurt box office revenues and promote piracy.

Nov 12, 2010

Disney’s outlook rosy despite rare quarterly miss

LOS ANGELES, Nov 11 (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz)
forecast rising ad sales, pricing and theme park attendance,
sending its shares higher after it posted a rare quarterly
earnings miss that contrasted sharply with strong performances
by its peers in the media sector.

The entertainment conglomerate’s stock climbed 2.1 percent
after hours on the rosier outlook. The shares ended down 3
percent on Thursday after Disney inadvertently released its
disappointing fourth quarter results before the market closed,
spooking some investors. It is investigating the matter.

Nov 11, 2010

Disney’s rare miss on media networks and parks

LOS ANGELES (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) posted a rare quarterly earnings miss after TV broadcasting and theme park revenue fell, offsetting a boost from smash “Toy Story 3″ and robust advertising sales.

The media conglomerate inadvertently released its results before the closing bell, spooking some investors. Disney’s shares ended Thursday down 3.1 percent, and dipped further in after-hours trade. Executives said they were investigating the matter.

Nov 11, 2010

Disney profit lower, shares fall

LOS ANGELES, Nov 11 (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz)
posted a lower quarterly profit on Thursday as lower revenue in
its cable division and writedowns offset strong advertising
sales and receipts for films like “Toy Story 3.”

Disney shares slipped 0.4 percent to $35.72 in after-hours
trade.

The media and entertainment conglomerate also faced a tough
comparison with the year-ago quarter, which benefited from an
additional week in the reporting period.

Nov 10, 2010

Lions Gate confirms talks with Icahn, shares jump

LOS ANGELES, Nov 10 (Reuters) – Lions Gate Entertainment
Corp (LGF.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it was on track to hit its
fiscal 2011 target of $75 million in earnings before items and
confirmed it was in ongoing talks with billionaire hostile bidder Carl Icahn, and its shares rose 3.7 percent.

Lions Gate reported on Tuesday it swung to a second-quarter
loss, reflecting debt payment charges and higher costs for the
independent studio as it ramps up its film and television slate
while trying to fend off hostile suitor Icahn.

Nov 9, 2010

Lions Gate to meet with MGM in next few days-sources

LOS ANGELES, Nov 8 (Reuters) – Lions Gate Entertainment Inc
(LGF.N: Quote, Profile, Research, Stock Buzz) plans to meet with Metro-Goldwyn-Mayer in the next few
days to present a proposal to combine the two studios once MGM,
emerges from bankruptcy, two sources familiar with the matter
said on Monday.

Separately, Lions Gate, which produces the “Saw” movies and
“Mad Men” series, on Monday set the date of its annual meeting
for December 14 following a long drawn out effort to thwart
hostile suitor Carl Icahn, who has a 33.5 percent stake in the
company. In the past Icahn has threatened a proxy battle.

Nov 5, 2010

Disney adding Marvel to its new kids’ TV shows

LOS ANGELES (Reuters) – Seeking to remain strong in an ever crowded kids TV market, Walt Disney Co is launching a new preschool channel and ramping up content offerings with some new shows based on tried-and-true Disney characters and others based on recently bought Marvel assets.

Exploiting big brands across various media platforms has been Disney’s aim in acquisitions like its $4 billion purchase of Marvel, which is now bearing fruit in its TV division.

    • About Susan

      "I cover the media sector, focusing mainly on Walt Disney Co and other big entertainment firms and the digital evolution that is currently reshaping that industry. Prior to this assignment, I covered the music industry, energy markets, commodity markets and corporate bonds. Before moving to Los Angeles in 1995, I held positions in the New York bureau and in Pittsburgh, PA."
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