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Stuart W. Volkow
Media Moguls and Mega-Corps
Who will the giants be tomorrow?
Stuart W. [email protected]
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Stuart W. Volkow
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1970 1980 1990 2000 2010
Chan
nels
The Multichannel MediaverseHas Created Unlimited Consumer Choice
Free TV Over-the-air
MSOs begin multi-billion dollar builds
Rise of Cable Decline of Broadcast Networks
Internet Connected TV
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Copyright 2009 Stuart Wayne Volkow
Disney ABC
NASDAQ:CMSCA$30.9 B / 24 mm subs
News Corp(NYSE:NWS)
$28.6 B
Time Warner(TWX)
Viacom (NYSE:VIA)
$13.4B
CBS Corp.(NYSE:CBS)
$14B
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
Private Media / Entertainment Companies
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TV RebornCopyright 2008, Stuart W. Volkow
U.S. TV Business Structure
• Broadcast Networks (“free” TV)• Pay Television
– CATV Networks– DBS Networks
• Owned and Operated Independent Stations– Affiliate Stations– Station Groups
• Studios, Conglomerates
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There are 1600 TV Broadcasters Licensed in
the USA
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The US Broadcast Networks
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Station GroupsScripps (SSP)
10 Stations plus HGTV, DIY, FOOD, Fine LivingCBS Television Stations (28 stations, 16
affiliates)Hearst Argyle TV (HTV)
25 StationsTribune Media (TRB)
21 StationsClear Channel Communications (CCU)
41 TV Stations, 1,182 Radio Stations)Acquired by Thomas H. Lee Partners for $26.7 Billion USD
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Telecomunications Technologies Reference, Bradley Dunsmore, Toby Skandier, Ciscopress.com
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Telecomunications Technologies Reference, Bradley Dunsmore, Toby Skandier, Ciscopress.com
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all numbers in millions SubsTV/Internet
%
Comcast (CMCSA) 24 / 16 22
DirecTV (DTV) 18.3 17
DISH (DISH) 14 14
Time Warner (TWC) 14 / 9 12
Cox 5.9
Charter (CHTRQ) 5.7
Verizon 3.2
Cablevision (CVC) 3
AT&T 2.7
Total Pay TV Subs USA Approx
103
US Pay TV Landscape Landscape
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Pay TV = Dual, Triple Income Streams
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‣US CATV Revenue
‣$86 Billion USD
‣$26 Billion USD in Advertising
‣Source: NCTA.com
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T r i p l e P l a y
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52 million CATV SubsLargest MSOs >80% subs
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DBS32 million subs
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Dish Network (NASDAQ:DISH.O)
•13.8 Million Subs•250 Channels•30 Premium Channels•140 Foreign Language Channels
$9.6 B
Echostar (NASDAQ:SATS)
•STB Business•Satellite Ops (85 Degree Orbital)
•300 MPEG IV channels capacity•Fiber•SLING Media•140 Foreign Language Channels•$20.3 million invested in CINEMANOW.com in ‘06
$1.5 B
$11.6 B
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DirecTV Group (NASDAQ:DTV)
•16.8 million subs•13 million Internet subs•190 National Channels•1400 Local Digital Channels•90 HD Channels
$21.5 B
$36 B
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Te l c o s
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113 B
165 B
95.5 Million Wireless Subs at an avg of $62/m
2.3 million U-verse subs
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GE- NBC UNIV NYSE:GE
✦ Universal Studio Facility: production, distribution, facilities, finance
✦ Universal Studios✦ NBC Television Network✦ USA Network✦ CNBC✦ SyFy Channel✦ MSNBC✦ Bravo
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NBC Universal, digital
NBCU is paying about $6 million for a 35% stake in DriverTV, which has about $8 million in annual revenue, according to people familiar with the matter. Currently all DriverTV's ad revenue comes from car makers, but the company, which is partly owned by the TV- and ad-production firm Radical Media, is hoping eventually to attract advertisers from other auto-related industries such as insurance.
With NewsCorp and $100 million for 10% from $21 billion sized Providence Equity Partners
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Comcast (NASDAQ:CMSCA) $35.7 B$65.3 B
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Likely to acquire NBC UNI for assets and cash estimated at $6 billion to $7 billion
Jeffery R. Immelt, CEO Chair GE Brian L. Roberts, CEO Comcast
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•CATV•24 million subs•13 million Internet subs•4.6 million Phone subs•250 Digital Channels•>10,000 VOD programs
•Content•VERSUS •G4•E!•Golf Channel•Style
•Other Interests:•MGM (with Sony)•iN Demand•FEARnet•Music Choice
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Time Warner Cable$24 B
$18 B
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CBS Corp.(NYSE:CBS) $14B$13B
Sumner RedstoneExec Chair of Board
Leslie MoonvesExec Chair of Board
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CBS Corp.(NYSE:CBS) $14BSumner Redstone, CEO
CBS Television Stations (29) The CW (with TWX) CBS Radio (140 stations) Showtime: Smithsonian, TMC
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CBS Interactive Units
March 12, 2009 (Bloomberg) -- CBS Corp.'s Webcast of the U.S. national college basketball tournament will produce as much as $25 million in ad sales, more than double last year's tally. (= Superbowl pregame show)
CNETLast.FMGamespot.comCBSSports.com
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Viacom (NYSE:VIA)Paramount Pictures
Dreamworks Marvel Distro
Paramount VantageMTV FilmsNickelodeon MoviesThe CWUPNMTV Networks, MTV2Virtual Worlds (VLB)
VH1Rhapsody
SPIKECMTMTV, VH1TV LandNogginNickelodeonTMCLOGOThe NFLIXSundanceComedy
Central
$13.4B$26 B
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ViacomInteractive Units
RhapsodyJV between MTV and REAL Networks
Atom FilmsMTV Virtual WorldsXfire.com (7 million HHs)Shockwave.com
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Viacom's billionaire owner wants to know who's badmouthing his girl-band pet project to The Daily Beast. And he offered to make Peter Lauria “well-rewarded” if he fessed up. HEAR THE TAPE.
http://www.myspace.com/electricbarbarellas
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Disney ABCDisney Studio Facility: production, distribution, facilities, financeDisney StudiosWalt Disney TelevisionTouchstoneABC Family ChannelFox Kids Europe, Latin AmericaABC TV NetworkABC Radio NetworkBuena Vista TelevisionMiramax Film Corp.Hearst CommunicationsESPNESPN ClassicESPNEWSDisney ChannelE! Entertainment Television (part owned)A&E Television Networks (part owned)Toon DisneySoapNet
Walt Disney World Resort
Magic KingdomEpcotDisney’s Animal Kingdom
Disneyland AnaheimTokyo Disneyland ResortDisneyland ParisDisney Cruise LineDisney Stores
Robert A. IgerPresident and Chief Executive Officer
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News Corp (NYSE:NWS)•Fox Filmed Ent.
•34 pics in 07, 711 Home Ent. Titles•Searchlight, Fox Atomic, Animation•Twentieth Century Fox TV (TCFTV)
•Fox TV: 35 Stations, 9 DMAs have 2, 25 FOX affiliates•FOX, 213 Affiliates•FX, FUEL, SPEED, Fox College Sports, Fox Movie Channel
•STAR: 53 Asian countries, 10 languages.•DBS, BSkyB•Publishing
•145 daily newspapers•Dow Jones
$28.6 B
James Murdoch
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News Corp: Fox Interactive
•2005 acquisitions:•$580 Million for Intermix Media, aka MYSPACE.•$650 million for IGN Entertainment, Inc, a leading
community based Internet media and services company for video games and other forms of digital entertainment.
•Scout Media, Inc., the parent company of Scout.com, the country’s number one independent online sports network, and Scout Publishing, producer of 47 of the most widely read local sports magazines in the U ( www.scout.com )
WebMD/The Health Network
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Time Warner (TWX)
• HBO• Cinemax• TBS• CNN• WB - The CW• New Line• CNN
•Classic Film and Animation Library•Warner Music Group•Warner-Elektra-Atlantic (record distributors/marketers)•Warner/Chappel (publishing and music rights holders)•Time Inc. – 64 magazine titles•Time-Warner Trade Publishing Inc. •Warner Books•Little Brown (publishing)
•Adelphia Commuinication•Cartoon Network•Court TV•Turner Classic Movies•Boomerang•American Online
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Stuart W. Volkow
America's most successful premium television company, Home Box Office delivers two 24-hour pay television services—HBO® and Cinemax®—to over 40 million U.S. subscribers.
40+ millionHBO and Cinemax subscribers in the U.S. as of December 31, 2009
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TBS, Inc. is based in Atlanta, GA, and employs some 11,000 people worldwide. Philip I. Kent oversees TBS, Inc. as chairman and CEO.
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Time Warner Interactive Units
• Bebo.com• $850 million for 3rd largest social net
http://www.timewarner.com/corp/aboutus/digital_initiatives/index.html
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•Sony-BMG Music (with Bertelman)•Sony Pictures Entertainment
•Columbia Pictures•Sony Pictures Classic•Screen Gems•TriStar Pictures•Sony Pictures Releasing•Part owner of MGM Studios (along with Comcast), which is part owner of United Artists (Tom Cruise and Paula Wagner).
•American Movie Channel - part owned •Bravo - part owned •Independent Film Channel - part owned •WE: Women’s Entertainment - part owned
Stuart W. Volkow
Sony Corp (PINK SNEJF)
Sony Pictures Home Entertainment Sony Pictures TelevisionSony Pictures Television InternationalSony Pictures Consumer Products
Sony Electronics Sony Broadcast Media Co.
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Sony Digital and Interactive
Sony Pictures Mobile Sony Pictures Studio Sony Pictures Studios Post Production Facilities DVD Authoring Center Worldwide Product Fulfillment Gameshow Network (joint owner) Movielink (joint venture) Crackle.comSony Pictures Digital Sony Pictures Imageworks Sony Pictures Animation SonyPictures.Com Sony Online Entertainment Sony Pictures Digital
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C A B L E V I S I O N $1.8$10.8 B
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D i s c o v e r y C o m m u n i c a t i o n s
$10.8 B
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1 Discovery Channel2 TLC3 Animal Planet4 Science Channel5 Investigation Discovery6 Military Channel (??)7 Planet Green8 Fit TV9 HD Theater10Discovery en Español11Discovery Familia12OWN: OPRAH WINFREY NETWORK13The Hub143net
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Liberty Media (NASDAQ:LINTA)
• QVC• Encore• Starz• On Command• Fun Games• GSN
John C. Malone, Chairman$7.8 B
• IAC/InterActiveCorp• VONGO.com
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EW Scripps (NASDAQ:ssp) $2.5 B
•CATV•HGTV (96 million HHs)•Food Networks•DIY•Fine Living•GAC
•Internet•HGTV.com•Shopzilla•uSwitch
•17 Newspapers
•Broadcast TV•6 ABC Stations•3 NBC•1 Independent
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$2.1 B$11.6 B
20 million subs
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American RecordingsDecca ClassicsDef SoulDreamWorksHip-O RecordsInterscope/Geffen/A&MIsland/Def JamMCA NashvilleMCA RecordsMercury NashvilleMotownUniversal ClassicsUniversal LatinoUniversal Music GroupUniversal RecordsVerve
Stuart W. Volkow
Universal Music Group (VIV.PA)
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Sony BMG's revenue has now fallen 46.3% over the last five years, while the number of employees at the label has dropped from 4,880 in 2003, to 2,851 in 2007.
Stuart W. Volkow
Sony BMG Music GroupBertelsman AG / Sony Corp of America 50/50
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Warner Music Group $3.38 Billion> one million compositions
Warner Music reported a loss of $16 million, or 11 cents per share, in the quarter ended Dec. 31, after a profit of $18 million, or 12 cents per share, in the year-earlier period.
The results sent shares of the New York-based music company tumbling $1.80, or 20.6 percent, to $6.94 Wednesday. The stock has traded in a 52-week range of $4.57 to $21.51.AP 6 Feb 2008
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Why Pandora Is on Virtually Every DeviceOn Fridges, Fords and Phones, It's Become the De Facto Radio App After Being on the Brink of Bankruptcy
By: Andrew Hampp
FEBRUARY 11, 2011, 7:25 PM I.P.O./OFFERINGS
Pandora Files to Go PublicBY EVELYN M. RUSLI
Thor Swift for The New York TimesTim Westergren, founder of Pandora Media.
"Smartphones really turned Pandora into an anytime, anywhere service without us doing anything," Pandora founder Tim Westergren said, noting that half of smartphone listening is done in users' cars.
Yvonne Malmgren, a spokeswoman for the BMW Group, said Mini drivers overwhelmingly asked for the service when the automaker started researching potential partners for its new Mini Connected App player.
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MusicEMI Group £1,751.5 million
Text
EMI revamp tougher than expected, says owner Hands
Hands is controversially trying to take power away from the music talent scouts and give it to marketing men, under his plan to turn round the underperforming group, a plan that has drawn loud criticism from some of its biggest acts.Reuters 27 Feb 2008
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
Samuel Z. ArkoffLouis B Meyer
Irving Thalberg
Daryl Zanuck
William Fox
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
IN THE BEGINNING, THE SEVEN MAJOR STUDIOS HAD DIRECTLY FINANCED,IN THE BEGINNING, THE SEVEN MAJOR STUDIOS HAD DIRECTLY FINANCED,PRODUCED AND DISTRIBUTED THEIR OWN PRODUCT, ADDITIONALLY,PRODUCED AND DISTRIBUTED THEIR OWN PRODUCT, ADDITIONALLY,
THEY CONTROLLED TALENT, DIRECTORS AND PRODUCERS.THEY CONTROLLED TALENT, DIRECTORS AND PRODUCERS.
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
Paramount Pictures Corporation1914Viacom Sony Pictures Entertainment Inc (Columbia, Tristar)Columbia founded in 1919.Sony Pictures Entertainment IncTwentieth Century Fox Film Corporation1933News Corp.Universal City Studios LLP1912Vivendi – UniversalWalt Disney Studios Motion Pictures1923Disney ABCWarner Bros. Entertainment Inc.Albert, Sam , Harry and Jack Started in 1903 by showing “The Great Train Robbery” Sam brought sound to the movies with the Jazz Singer.Time Warner Communications. (from merger of WB with Time Inc.)
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The MPAA Studios
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“Mini Majors” or
“Independents”
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
NATO Stats
www.natoonline.org
150,000 screens worldwide, with about 40,000 screens in the U.S
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
100 million admissions per week in 1946
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners !71
Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
Movie Econ 101
Box office % of Gross
Gross Participation 10
Exhibitor 50
Distributor 15
P & A 40
Production Budg 60
Deficit $75
100 Million GBO
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Copyright 2009 Stuart Wayne Volkow. Xtropia Partners
The Global Advertising Conglomerates
Sir Martin Sorrell, WPP Group plc
•Omnicom
•WPP Group plc
•Interpublic
•Publicis
•Dentsu
•Havas
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Hollywood Power ShiftAgents, Managers, Studios, Talent
THE REAL
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11/13/2006 Copyright 2006 Stuart Wayne Volkow
Agents and ManagersThe Power Elite
Brillstein Entertainment Partners
Asif Satchu, Mordicai WicykMedia Rights Capital
Category 5 Entertaiment
Nick StevensJeff Kwatinetz, The Firm
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Ari Emanuel
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