“You’ll never see us risk $300M on a single movie, or $200M — $100M may be the limit,” Viacom CEO Philippe Dauman said today in an appearance at the Deutsche Bank Media & Telecom Conference. That also applies to Paramount’s new animation unit, which will release a SpongeBob SquarePants movie in late 2014. The studio only has about 40 people in the operation, and will outsource the handiwork. The films wil be “under a $100M price point, some of them way under.” With advancements in computer animation, even a low budget film can “still look great on screen.” On other matters, Dauman had no new explanations for the dramatic decline in Nickelodeon’s ratings — which he has said may reflect glitches in Nielsen’s measurement as opposed to kids’ indifference to the programming. “We don’t like it, but we’ll deal iwth it and it will improve,” he says. Meanwhile the cable networks business looks strong: In advertising “the tone is improving” with auto, food, and beverage companies spending more than they had. In addition, investors can “count on” Viacom’s ability to negotiate at least high single digit percentage growth in the fees channels collect from pay TV providers. But Dauman didn’t seem to feel the same urgency about the industry’s new TV Everywhere streaming initiatives that CEO Jeff Bewkes displayed in an earlier presentation today. Dauman says it will take as long as three years to roll out as providers figure out how to manage technical and marketing demands.


CEO amassed $84.5 million in stock, salary and other benefits during Viacom’s fiscal year, which ended on Sept. 30. 2010. Included in the giant sum is a one-time stock award — $31.7 million — which is dependent on financial goals over the next five years and was part of his new agreement signed in April.
The studio only has about 40 people in the operation, and will outsource the handiwork.
Can CEO “Handiwork” be outsourced too? I mean seeing as his paycheck is close to that 100 million mark ?
Now that a new SpongeBob SquarePants movie has been announced, please come sign this petition to have Stephen Hillenburg direct this movie, like he did with the first one: http://www.change.org/petitions/nickelodeon-hire-stephen-hillenburg-to-make-another-spongebob-squarepants-movie