The last time I checked, MRC was living in Fantasyland and fully expecting to come up with substitute shows to replace cancelled series Valentine and Easy Money on the Sunday nights that The CW stupidly allowed these network TV neophytes to program this fall. Well, the experiment has failed. Broadcasting & Cable is first with the news just now that The CW has pulled the plug on 4Real and In Harm’s Way as well. Now the network will air repeats of the cancelled CBS fan favorite Jericho at 7 p.m., followed by a movie from a package purchased from MGM. So much for financier and producer Media Rights Capital’s supposedly ongoing authority to program Sunday nights on The CW for the entire 2008-2009 season. The shake-up was outlined today in a letter to CW affiliates from network COO John Maatta, according to B&C: “As you know, to focus our efforts on the earlier part of the week, we entered into a time buy agreement with an outside supplier to program Sunday night,” he wrote. “While this move has clearly paid dividends for the overall schedule, the results on Sunday night have been below expectations. The MRC shows are simply not working. To that end, we have made a business and programming decision to protect our network and your local interests on Sunday for the remainder of the season.” Along the way, MRC’s contract TV programmer Keith Samples was fired. Although there have been rumors for days that co-CEOs Asif Satchu and Modi Wiczyk were uber-ambitious and bit off more than they could chew and are getting out of TV to focus full-time on films, MRC still has series development commitments from other networks. Now it remains to been seen how the collapse of this MRC/CW pairing affects Tribune TV, which put the twosome together in a failed bid to help its tanking CW affiliates. And it undoubtedly puts more pressure not just on Dawn Ostroff but also on Les Moonves and Barry Meyer who created the weblet.
- MRC Cancels Two Shows On The CW
- Knives Out For Fired MRC Prez Samples
- Who’s To Blame For MRC’s CW Debacle?
- MRC Delays CW Sunday Debut By A Week
- Good/Bad News For Media Rights Capital
- Another Indie Finds Big Bucks Financing
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The CW could have picked up “Moonlight” after CBS canceled it and moved it to Sundays. I’m sure it would have done better than what they just got rid of.
This was an Endeavor off-shoot, right? A couple of Harvard guys who had a success with “Babel” (which was not giant box office hit, btw) with $400 million from Goldman Sacks & ATT? And now they’re going to “focus full time on film”? God, Hollywood is a blast!
With today’s cancellations of ‘Pushing Daisies’, ‘Dirty, Sexy Money’ & ‘Eli Stone’, the CW has a built in audience if it picks them up.
They’ll have to cut the pay of all the actors, but in this economy, you would think that they would have the smarts to just want to have a job.
Oh, sorry, I was talking about actors, not rocket scientists or even the guys that shovel shit in the slaughterhouse!
Actors aren’t as smart as them!
In film, they are as bad, it’s just slower to reveal itself. Arrogant,lying know-it-all’s who really know nothing. That these guys raised money when actual film entities couldn’t shows why the banks have failed: Pure stupidity, and inability to evaluate a business.
Here’s to the it all coming out in the wash. Modi is
a first class con artist.
MRC HAD A PRIMETIME DREAM.
OF A TV CROP THAT WAS THE CREAM.
BUT THIS WOULD-BE HERO,
BROUGHT IN NIELSENS ZEROS.
AND NOW IT’S A FUCK UP SUPREME.
If by off-shoot, you mean a former incompotent indy film packaging agent who duped his nerd college classmate billionaire into buying his way into Hollywood, then yes. Let’s hope their film and hiring “wisdom” is better than their television taste.
Having only seen 4real twice I can only offer a limited opinion, but I did jump on the internet to figure out what I watched after having stumbled on it.
Most recently I caught the Mos Def / Brasil Favella episode. It was refreshing to see a television show with a purpose, a lesson, or at the very least information on relevant social subjects. You just don’t get that anymore.
If I were Goldman or any one of their investors I would be crapping my pants right now trying to save every last dime and pray that my redemption request doesn’t come up empty from this popsicle stand.
The greatest part is how Modi duped his buddy Asif into joining this circus purely to use him for his credentials and connections. Without him he would still be peddling unwanted stories to foreign suckers….oh wait he still does.
This deal was a con and doomed from the beginning. Their “business model” was based on the old net then syndie model which stopped working years ago when big bucks deficit financing became the norm and ratings started to tank (followed by the relative collapse of the syndie market), but you can’t tell that to arrogant Harvard Business School- and Endeavor-types who think they know better even though they weren’t around then. Ben Silverman believes the model still works, which is why he sucks up to Norman Lear, and which proves how broken it really is, given his complete incompetence as a network exec. As far as I can tell, MRC can’t even fund their own productions and that line of credit they got in August has got to be dwindling fast….. Bye and good riddance.
Asif Satchu and his partner made a 100 million from selling suppliermarket.com. Hardly a billionaire.
It’s fluff all around.