According to Sunday’
Tag Revenue
DGA Message To Members: Top Contract Issue Health & Pension Plans, Not Money
It looks increasingly like the Hollywood guilds are giving up before they even go into this 2010/2011 round of negotiations with the movie studios and TV networks. This message by 4-time Basic Agreement/FLTTA Negotiations Chair Gil Cates to 14,000 Directors Guild members talks about focusing on health and pension plans and doesn’t even mention demanding more New Media money from the AMPTP. This, despite the fact that Big Media is alive and well and even flourishing not just this quarter but in many cases for next quarter or even the entire year. (Every Studio & Network Boosted Earnings) For instance, Warner Bros’ home video revenue was down 8%, but revenue from digital distribution grew by a sizable 50% and now represents nearly 20% of the studio’s total home video pie. Yet the trickle down effect has been slow or nonexistent for Hollywood when it comes to this and every Big Media revenue stream.
What’s also interesting about Cates’ statement is that this notorious hater of the Writers Guild cozies up to the new SAG-AFTRA cooperation. So it’s clear what’s going to happen during this next round of negotiations: SAG-AFTRA make a quick and easy contract full of compromises and few gains. The DGA soon follows. Which leaves the WGA on its own – facing bogus Hollywood trade reports about impending strike action to create pressure from all the … Read More
UK Producers Expect Another 3 Years Of Lower TV Prices And Fewer Commissions
This will put an even greater emphasis on overseas income through selling formats and programmes internationally, says trade body Pact.
Overall revenues for independent TV producers remained flat last year at £2.2 billion. This was despite broadcaster commissions ‘
Revenue & Profit Growth For GE's NBCU Q2
Following quarter after quarter of awful performance, including a weak first quarter down 49% because of a too-costly Winter Olympics, NBC Universal turned in the best 2nd quarter revenue performance of all GE units — up 13%. This may be too late to matter much to GE but it’s good news for Comcast which could take possession of the TV/film company by the end of the year if it receives regulatory approval for the deal. (It recently won European Union approval but awaits the FCC’s.) NBCU’s profit hit $607 million, with revenue rising 5% to $3.75 billion. News reports say GE chairman/CEO [...]
Online Movie Pot of Gold Fading
Uh oh. You know how online movies are always being held up as the pot of gold waiting at the end of the rainbow? How downloading movies, or streaming them over the internet, will more than make up for dwindling DVD revenue? Well, London-based consultancy Screen Digest has downgraded its digital film sales forecasts by one third.
The consultancy, whose forecasts all the Hollywood studios subscribe to, has slashed its digital film revenue estimate from $1.5 billion in 2014 to $943 million.
It seems we’
IT'S OFFICIAL! 'AVATAR' SINKS 'TITANIC'
The official numbers are in. So Twentieth Century Fox reports that AVATAR has earned $1.859 billion in worldwide revenue in just 39 days. It took place on Monday when James Cameron’s big budget 3D technopic passed the long-standing worldwide revenue record held by his other epic film Titanic of $1.843 billion set in 1998. No one thought that record could be broken, but Avatar’s higher 3D ticket prices not adjusted for inflation did it. And News Corp insiders think Avatar’s worldwide revenue will reach $2 billion — especially with after next week’s Oscar nominations and the March 7 Acadamy Awards — [...]
GE's NBCU 4TH-Q Earnings Decreased 30%
Parent company GE had better-than-expected earnings and revenue even though its 4th-quarter profit fell 19% to $2.94 billion, or 28 cents a share, as revenue fell 10% to $41.4 billion. Chairman Jeff Immelt said he was “seeing encouraging signs in our business at year’s end”. But NBC Universal earnings decreased 30% to $602M on revenue that was 4% lower year over year. Well, NBCU is going to be Comcast’s problem now.
2009 Year-To-Date Box Office Sets Record
According to Hollywood.com’s “Box-Office”, with 22 days left in the calendar year, year-to-date box-office will hit $9,681,800,000 today and thus pass the record year of 2007 and its full-year total of $9.680 billion. Through this past Sunday, year-to-date revenue stood at $9,658,700,000, just $21.3 million short of surpassing year 2007′
Reveille Helps Elisabeth Murdoch Shine
UPDATES Elisabeth Declined Dad’s Request To Rejoin News Corp
Elisabeth Murdoch’s Shine enjoyed a profits jump after its purchase of Ben Silverman’s former production company. Her indieprod gained £115M in revenue over last year directly coming from Reveille. It also had an operating profit before amortization of £24.5M, according to The Guardian citing documents due to [...]
RUPERT BACK ON THE ATTACK: News Corp Stock Up; Murdoch Plan To Charge For Content; Fox Not Giving DVDs To RedBox
Given all the news — most of it bad – that News Corp announced yesterday, Rupert’s bombshell sure looked like a ploy to change the topic. And that he did: few were talking about News Corp’s revenue dropping 10+%, or a fiscal 4th-quarter net loss of $203M attributed largely to writedowns at MySpace and lousy advertising revenue., [...]