Is It Time For HBO GO To Be Offered To People Who Don’t Subscribe To Pay TV?

By | Monday March 17, 2014 @ 9:06am PDT

Time Warner‘s premium channel is approaching the point where a change would pay off, but there’s no need to hurry, according to data from an online survey of 2,501 adults out today from Morgan Stanley’s Benjamin Swinburne. HBOGOSome 44% of broadband-only Read More »

Comments 41

Deadline Big Media 76: The Obama Against Aereo Podcast

Deadline Big Media ep 76In this week’s podcast, Deadline’s executive editor David Lieberman and host David Bloom look at the Obama administration’s unusual intercession in the Aereo Supreme Court case on behalf of the networks and the notable absence of tech industry involvement in the case so far.

They also try to make sense of John Malone’s latest complicated stock shuffle that affects SiriusXM and Charter Communications; check in on the many Big Media highlights from this week’s Deutsche Bank investor conference; break out the checkbook for that Amazon Prime price hike; and wonder how DreamWorks Interactive can be on track for both a $310 million global box office haul for Mr. Peabody & Shermanand a write-down of $84 million for that same film. Read More »

Comments (0)

Jeff Bewkes Says VOD Could Increase TV Viewing And Program Syndication Values

By | Tuesday March 11, 2014 @ 9:51am PDT

“We’re all in the process — and Warner Bros is in the center of it — of figuring out how to license and expose programming” over multiple platforms, the Time Warner CEO says. Jeff Bewkes headshot“The economics have to adjust.” But Jeff Bewkes told the Deutsche Bank Annual Media, Internet & Telecom Conference that he expects little or no cannibalization as TV shows move from networks to cable VOD and online services including Netflix, as well as traditional syndication. “Your interest may go up, not down. We’ve seen a lot of that at HBO….There’s a lot of repeat viewing.” Some analysts are beginning to wonder whether services such as Netflix and Amazon Prime — which thrive from their ability to show TV reruns — might suffer as programmers let cable companies offer episodes almost immediately after they first air on ad-supported VOD where fast-forwarding is disabled. But Bewkes says that TV viewing “will go up dramatically because there’ll be more opportunities for you to see it.…TV will become more accessible and you’ll still have your [online subscription VOD] backup service. It’s like a sandwich. Eat it while it’s hot.” Read More »

Comments (0)

Deadline Big Media 71 – The Twitter Loves Newbs Podcast

By and | Friday February 7, 2014 @ 3:02pm PST

Deadline BIG MEDIA ep 71In this week’s podcast, Deadline’s executive editor David Lieberman and host David Bloom look at CBS’ new Thursday night football deal with the NFL; Twitter’s complexity issue with newbies, and Disney’s red-hot quarter fueled by Thor and new franchise Frozen. They’ll also take a gander at those newly available HBO financial details and how they stack up against Netflix, even as Time Inc. braces for layoffs after its imminent spinoff; and question whether Microsoft’s new boss will be much different from the old boss, particularly with the company’s first boss as his new technology adviser.

Deadline Big Media podcast 71 (.MP3 version)
Deadline Big Media podcast 71 (.M4A version)
Read More »

Comments (0)

Time Warner CEO Shrugs Off Internet Pay TV Services

By | Wednesday February 5, 2014 @ 9:19am PST

“There’s been more talk than action,” Jeff Bewkes told analysts this morning when asked about plans by Sony and Verizon — and possibly others — to offer an Internet service with traditional cable channels. Jeff BewkesTime Warner is “not … Read More »

Comments (1)

Time Warner Shows Off HBO’s Firepower Vs Netflix

By | Wednesday February 5, 2014 @ 8:45am PST

The company didn’t make a direct connection to Netflix — but the comparisons, especially in profitability (see chart below), become irresistible now that Time Warner reports results for HBO, previously lumped with Turner networks. Netflix vs HBOThis morning’s numbers scratch the surface; other filings should tell us much more. The company intends to take advantage of HBO’s financial firepower: HBO will increase spending and hours for original series in 2014, CEO Jeff Bewkes told analysts. Much of the spending will boost Cinemax, which he calls “an under-appreciated asset” with more viewers than Starz and about about the same as Showtime. HBO, the channel, accounts for about two-third of the operation’s 45M domestic and 85M overseas subs. Execs also noted that subs are growing at a healthy pace, with domestic up by 2M in 2013. International revenues account for 25% of the unit’s total — a number that’s expected to grow. Bewkes says that Netflix, Amazon and Hulu have had “no discernible effect” on HBO so far.

Here’s how HBO and Netflix compare on the top and bottom lines: Read More »

Comments (8)

Time Inc Braces For Layoffs As CEO Prepares Company For Spinoff

By | Tuesday February 4, 2014 @ 8:44am PST

CEO Joe Ripp doesn’t say in his memo to staffers today how many people will be affected by his effort to, as he put it, “right-size the organization” — although the total is expected to be in the hundreds.Time Inc The job cuts are at least partly designed to make the company more attractive to Wall Street when Time Warner spins off its publishing arm, expected by mid-year. Its success “will depend on how investors view the momentum we are generating at the new Time Inc,” he says. That requires “some substantive and sometimes painful changes to the way we operate and approach our business.” Employees will learn “as early as today” who’s getting the ax. He unveiled plans to restructure the organization, ditching its three brand operating clusters. EVP and longtime Time Inc vet David Geithner  – who’s former Treasury Secretary Tim Geithner’s brother, and runs the Style & Entertainment Group — will be out. Former Dow Jones exec Todd Larsen will take charge of the company’s most famous titles including People, Entertainment Weekly, Time, Sports Illustrated and Fortune. Evelyn Webster, currently president of the Lifestyle group, will continue to manage publications including Cooking Light, InStyle, and Real Simple. Ed Kelley, who ran American Express Publishing before Time Inc bought it last year, also is leaving. Read More »

Comments (1)

Time Warner Sells NYC Headquarters Building For $1.3B

By | Thursday January 16, 2014 @ 10:19am PST

It’s a big week for media companies and real estate. Yesterday Comcast announced a plan to build a $1.2B corporate campus in Philadelphia. Now Time Warner says that Related Companies, an entity owned by the Abu Dhabi Investment Authority, and GIC ponied up slightly more for the Time … Read More »

Comments (2)

Time Warner Plans $1B Debt Sale

By | Wednesday December 11, 2013 @ 3:15pm PST

The company says the cash will go toward the catch-all “general corporate purposes” and will come from two transactions. TimeWarnerTime Warner will raise $500M from notes due in 2023 that pay 4.05% in interest, and another $500M from debentures due in … Read More »

Comments (1)

Jeff Bewkes Says Pay TV Not Moving Fast Enough On VOD: UBS Confab

By | Tuesday December 10, 2013 @ 10:27am PST

Outside of Comcast and Verizon, cable and satellite companies “haven’t moved fast enough or effectively enough” to offer video on demand to their subscribers, Jeff Bewkesthe Time Warner CEO told the UBS Global Media and Communications Conference. Distributors have the rights to offer shows on VOD, and audiences want it. “If you think about the success of things like Netflix, the interest YouTube – it’s mostly because you can get your stuff on demand.” It’s “a gigantic opportunity” for pay TV. But “there’s very spotty performance among distributors on how these tremendous VOD rights are conveyed to you.” if distributors don’t move more quickly then the demand “is going to be filled by somebody else” — probably a tech company. That would be “a missed opportunity….It’s not going to serve consumers as well and won’t serve the broadband plant” or programming diversity. He seemed uncertain, though, that someone will soon offer an online pay TV service that would compete directly with cable and satellite — which became a big issue here yesterday when Viacom CEO Philippe Dauman said he believes an over-the-top competitor will launch in 2014. “We’re all open to it,” Bewkes says. “The question for consumers and rights providers is: What service do they provide?” He also wonders whether the Internet infrastructure can handle the additional bandwidth demands for video. “That’s an open question.” Read More »

Comments (1)

Jeff Bewkes: HBO’s Streaming Deal With Comcast Won’t Promote Cord Cutting

By | Wednesday November 6, 2013 @ 9:06am PST

Time Warner startled a lot of people recently when it allowed the No. 1 cable operator to include HBO Go in a new $40 a month broadband service. Wouldn’t some consumers cancel their pay TV service if they found that they can watch the channel’s shows without a subscription to basic cable? But CEO Jeff Bewkes says he isn’t worried. “It’s pretty limited,” he told analysts today in a conference call to discuss Q3 earnings. “It won’t be attractive to most people, but might appeal to a segment.” He wouldn’t discuss terms of the deal, or speculate about how many channels a broadband-only service could offer before programmers would demand that the carrier pick up all of them — basically, replicating the pay TV bundle. “It’s something we don’t have to be concerned about” just yet. “Of all the network groups, we have the highest proportion in the top 40″ with 80% of the company’s cable network revenues coming from TNT, TBS, CNN and Cartoon Network. If a broadband provider tried to develop a best-of-cable package “our networks would be in there.” Meanwhile, Bewkes says that HBO’s having “a great year” with subscription growth. Read More »

Comments (1)

Time Warner Taps Karen Magee To Be Chief Human Resources Officer

By | Monday November 4, 2013 @ 11:38am PST

NEW YORK, NY – November 4, 2013 – Time Warner Inc. Chairman and CEO Jeff Bewkes today announced that Karen Magee has been elevated to Executive Vice President, Chief Human Resources Officer. Ms. Magee will report to Mr. Bewkes and will be responsible for the company’s human resources strategy including global compensation and benefits, global organizational and leadership development, worldwide recruitment and executive search, and diversity.

In announcing Ms. Magee’s promotion Jeff Bewkes said: “Over the last several years Karen has provided results-oriented leadership in human resources, working with our top executives across the business units to better define, measure and achieve success. Karen’s efforts have helped to create a workplace environment that attracts and motivates high-caliber talent, which in turn enables us to develop and distribute great television, film and journalism content that is valued by audiences worldwide.”

Read More »

Comments (0)

Jeff Bewkes: Time Warner Would Consider Bundling HBO With Broadband

By | Wednesday September 25, 2013 @ 11:41am PDT

Time Warner‘s CEO says he’d be open to helping a broadband-only product from a cable company because it would protect HBO‘s relationship with the biggest source of the premium channel’s customers. “Distributors are competing more,” Jeff Bewkes told investors at the Goldman Sachs Communacopia Conference in NYC. A cable-provided broadband arrangement with HBO “will make it an offer you can’t refuse. … We see growth there for HBO in that.” The exec still doesn’t like the idea of offering the premium channel on broadband to people who don’t also deal with a pay TV provider. As many as 10M homes receive Internet service without cable or satellite, he says. “If you take out old people, it’s probably 5M or 6M.” But people in about 70M homes subscribe to pay TV but not HBO. “We’re working more on that.” Bewkes also provided the most vigorous response I’ve heard so far by a programming exec at the confab to questions about whether their price increases might drive the pay TV business off a cliff by making it too expensive for consumers. Read More »

Comments (3)

Producers And Networks Drive Pay TV Price Increases For Consumers: Analyst

By | Tuesday September 10, 2013 @ 2:35pm PDT

Pay TV distributors who believe that the decks are stacked against them in retransmission negotiations with major content producers should take a look at the 180-page media and entertainment report out today from International Strategy and Investment Group analyst Vijay Jayant. He urges investors to buy shares of AMC Networks, CBS, 21st Century Fox, Time Warner, and Viacom. He’s neutral on Discovery, Disney, and Scripps Networks. The big reason: These eight companies, he says, “control 90% of total TV viewership and 60% of total film production in the U.S., which means that, for the most part, they have the power to determine how content is packaged and priced to distributors and, therefore, consumers.” That muscle will be evident over the next few years as they squeeze cable and satellite companies to pay $60B in carriage fees for their channels in 2016, up from $45B this year. These payments “are drivers for the overall sector.” Factoring in “the consumer’s inherent psychological need for entertainment (even during tough times),” Jayant predicts healthy profits for his eight companies, with annual average returns on invested capital over the next three years ranging from 40.1% for AMC to 9.9% for Time Warner. Read More »

Comments (0)

Ex-Time Warner CEO Richard Parsons Going The Jazz Restaurant Route In Harlem

By | Tuesday September 3, 2013 @ 7:18am PDT
Mike Fleming

Richard Parsons, the former chairman of Citigroup who was chairman/CEO of Time Warner until he stepped down in 2007, has resurfaced in Harlem. He and wife Laura are opening two new uptown restaurants in Minton’s and The Cecil. Minton’s is a restoration of the famed 1930s/1940s Harlem jazz club Minton’s Playhouse. It will reside in the original location, redesigned as a contemporary jazz supper club. Next-door sister restaurant The Cecil will be an Afro-Asian-American brasserie that integrates the culinary traditions of the African Diaspora with traditional Asian and American cuisines. The Parsons have appointed their long-time friend and Cafe Beulah restaurateur Alexander Smalls as Executive Chef of both eateries. The Cecil opens September 23rd and Minton’s opens the following month. Read More »

Comments (5)

Deadline Big Media With David Lieberman, Episode 46

By | Friday August 9, 2013 @ 2:52pm PDT

Listen to (and share) episode 46 of our audio podcast Deadline Big Media With David Lieberman. Deadline’s executive editor talks with host David Bloom about a week filled with explanations from media executives regarding the many challenges to their lucrative business models, including whether cord-cutting is accelerating; if Aereo is a threat or a gimmick; whether Dish and DirecTV are facing a shotgun marriage forced by investors; and why Time Inc. is staying at Time Warner for a little longer.

Deadline Big Media, Episode 46 (MP3 format)
Deadline Big Media, Episode 46 (MP4a format) Read More »

Comments (0)

Jeff Bewkes: Pay TV Channels Probably Won’t Be Offered A La Carte

By | Wednesday August 7, 2013 @ 8:41am PDT

Time Warner’s CEO says that it’s much more likely that pay TV will start to offer smaller bundles of channels, instead of selling them individually. And that’s OK with him: His Turner Broadcasting channels and HBO “would be … Read More »

Comments (3)

Time Warner Delays Time Inc Spin Off To Early 2014

By | Wednesday August 7, 2013 @ 7:53am PDT

CEO Jeff Bewkes says that Joseph Ripp, who’ll become Time Inc’s CEO next month, needs some time to establish himself at the publishing company. “Having someone of Joe’s caliber in place is a key element” in the spin off, Bewkes … Read More »

Comments (0)

John Martin To Succeed Phil Kent As CEO Of Turner Broadcasting

By | Wednesday July 17, 2013 @ 7:49am PDT

John Martin sure looks like Time Warner CEO Jeff Bewkes’ heir apparent with this move, which will put him in charge of Turner Broadcasting System on January 1. Currently Time Warner’s Chief Financial and Administrative Officer, he’ll replace TBS chief Phil Kent who has run the operation Phil Kent Leaving Turnersince 2003 and now will become the unit’s chairman “for a transition period,” according to today’s release. Bewkes says that Kent initiated the change. They decided that “now is the right time to announce the next generation of leadership.” There’s no mention, though, about how the change might affect David Levy, who’s TBS’ president of sales, distribution and sports — and was widely seen as Kent’s likely successor. Bewkes says that Martin “is one of the most capable and strategically minded executives I know” adding that he’s also “a broad and thoughtful business thinker whose inclusive management style and focus on driving the business forward will fit well with the Turner tradition.” The company says that it will name Martin’s successor “in the coming weeks.” Although Martin has extensive experience handling financial matters, this will be the first time he’ll run such a large creative enterprise. TBS also is at the center of Time Warner’s growth plans, especially after the company spins off its Time Inc magazines. The Turner networks — which include TBS, TNT, and CNN — are worth about $54.6B, or 60% of Time Warner’s current value with publishing, Sterne Agee analyst Vasilly Karasyov estimated last month. Read More »

Comments (4)
More Deadline | Hollywood »