Deadline Big Media With David Lieberman, Episode 48

By | Friday August 16, 2013 @ 5:47pm PDT

Listen to (and share) episode 48 of our audio podcast Deadline Big Media With David Lieberman. David talks with host David Bloom about Fox’s big bet on the pay-TV status quo with its heavily promoted Fox Sports 1 channel launch; a possibly game-changing deal in the making between Viacom and Sony Electronics; and that big “for sale” sign hanging around the metaphorical neck of troubled phone maker Blackberry.

Deadline Big Media, Episode 48 (MP3 format)
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Viacom Agrees To Stream Cable Channels On Sony Online Service: WSJ

By | Thursday August 15, 2013 @ 11:03am PDT

This could be a big breakthrough for tech companies that want to create an Internet-based alternative to traditional cable and satellite services. The Wall Street Journal reports that Sony has a preliminary agreement to carry Viacom‘s channels on a service it hopes to launch by year end. The programming would initially go to those with Sony devices including its PlayStation gaming console and Bravia HDTVs, with tablets and smartphones to follow according to “a person familiar with the matter.” If Sony and Viacom complete their deal it would be the first time a major programmer has agreed to provide its most popular pay TV channels to an online service. Intel and Google are among the other companies hoping to use the Internet to challenge cable and satellite video offerings. Sony’s talking with other programmers including Disney, Time Warner, and CBS.

Related: Google Wants To Launch Online Pay TV Service: WSJ

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John Oliver Kept ‘Daily Show’ Anchor Chair Hot During Jon Stewart’s Break: VIDEO

By | Wednesday August 14, 2013 @ 3:17pm PDT

The Daily Show fill-in host John Oliver bows out after tomorrow night. He’s been covering for Jon Stewart since June 10, while Stewart took time off to direct his first film, Rosewater. Oliver’s been getting great reviews for his guest gig. And though this past Monday he told PBS’ Charlie Rose, “I don’t think it’s going to change my life”, and that his goal had been only “not to destroy that machine” during his brief tenure, it’s been a game changer for Viacom Entertainment Group president Doug Herzog, whose empire includes Comedy Central, and who has learned from the experience that there can be life after Stewart. Not that anyone’s making plans to replace Stewart — but it’s got to be nice to know The Daily Show won’t fall off a cliff should the much-loved host who’s been the face of the franchise since January 1999 ever decide it’s time to move on.

Related: ‘Daily Show’ Sees Slight Rise As John Oliver Takes Over

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Viacom Borrows $3B To Repay Debt And Repurchase Shares

By | Tuesday August 13, 2013 @ 7:23am PDT

The debt offering takes advantage of the market’s low interest rates, and will help fuel Viacom’s recently announced plan to double its stock repurchase effort to $20B — including $3B to take place in 2013. The decision to … Read More »

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UPDATED: YouTube Responds To Viacom Getting SAG-AFTRA, IATSE & DGA Backing In $1B Copyright Battle

By | Monday August 5, 2013 @ 11:14pm PDT

UPDATED, 11:14 PM: YouTube today dismissed the support that IATSE, the DGA, AFM and SAG-AFTRA has shown for Viacom’s efforts to get another day in court with its $1 billion copyright infringement suit. Not only does the Google-owned company say in a statement that the unions’ brief “recycles” a previous filing from 2010 in the suit but that they “don’t seem to have followed developments in the case.” Read the statement YouTube issued via a spokesperson late Monday below:

The brief filed by entertainment industry unions recycles their brief from the first appeal in 2010.  They don’t seem to have followed developments in the case or recognized the changes to YouTube’s place in the entertainment ecosystem. The Court has twice rejected Viacom’s unfounded copyright infringement claims. And even Viacom has conceded it doesn’t object to how YouTube has operated for the last five years. YouTube has signed licensing agreements with every major movie studio and record label, has developed an industry-leading Content Identification system used by 4,000 media partners, and does more to prevent piracy than any other major video hosting provider.

PREVIOUSLY, 6:33 PM: Despite another recent court loss, Viacom’s latest attempt to revive its billion-dollar copyright suit against YouTube has just gotten some very vocal support again from some old friends. “YouTube’s role in the rampant, systematic distribution of content in violation of the exclusive rights of copyright holders caused and continues to cause harm to the entertainment industries and the members of the Guilds and Unions working in those industries,” said a joint brief filed late last week by lawyers for the Directors Guild of America, SAG-AFTRA, IATSE and the American Federation of Musicians. “We urge the Court to consider the full ramifications of YouTube’s actions, and request that the Court reverse the lower court’s decision.” The unions offered similar such support as they did last week back in 2010. Filed on August 2 this year, the quartet’s new 28-page brief (read it here) comes after Viacom filed materials on July 30 with the 2nd Court of Appeals asking for a new judge in the long-running case. That expected legal move against Judge Louis Stanton followed the NY-based U.S. District Court judge granting YouTube yet another favorable summary judgment in the matter on April 18. That was the second such decision for the Google-owned entity in the case. Viacom first launched the $1B action in 2007.  Read More »

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Viacom CEO Says Flood Of Summer Tentpoles Hurt Film Profits

Philippe Dauman jumped on the bandwagon of media execs lamenting the oversupply of big-budget films competing with each other this summer. Although he told analysts this morning that Viacom will see Read More »

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Viacom Earnings Rise With Help From ‘Star Trek’ As It Doubles Share Repurchase Plan

The devil’s going to be in the details for investors who want to see from the latest earnings report how basic operations performed in the June quarter without help from two successful tentpole films (Star Trek Into Darkness and World War Z), and a streaming deal with Read More »

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Judge Tosses Viacom Shareholder’s Suit Over Bonuses For Company’s Top Brass

By | Thursday July 18, 2013 @ 2:22pm PDT

Rest easy, Sumner Redstone, Philippe Dauman and Thomas Dooley: You won’t have to give up millions of your bucks after all. Eleven months after a Viacom shareholder sued the company to get back $36.6MRead More »

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Nickelodeon CG Artists Ratify Contract With Animation Guild

By | Friday July 12, 2013 @ 4:20pm PDT

The Animation Guild and Nickelodeon Animation Studios had a deal and now they have a contract. Today a vote was held at the studio in Burbank and the final result had 90.1% of the 61 recently unionized … Read More »

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Deadline Big Media With David Lieberman, Episode 43

By | Friday July 12, 2013 @ 2:45pm PDT

Listen to (and share) episode 43 of our audio podcast Deadline Big Media With David Lieberman. Deadline’s executive editor talks with host David Bloom about the big Hulu non-sale announcement; Tribune’s next step out of bankruptcy; drooping broadcast ad prices; the Apple e-book loss; and Viacom bear changes his rating, but with a big caveat.

Deadline Big Media, Episode 43 (MP3 format)
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Viacom’s Toughest Critic Upgrades Stock But Warns Of “Storm Clouds”

By | Thursday July 11, 2013 @ 6:05am PDT

Did hell just freeze over? It must have, because this morning Viacom‘s most relentless naysayer on Wall Street, Bernstein Research’s Todd Juenger, upgraded the stock to “market perform” from “underperform” raising his target price to $73 from $64. It’s … Read More »

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Sniff. Sob. Sniff. Sob. A Message To Netflix

By | Saturday June 29, 2013 @ 1:19pm PDT

How many Nickelodeon-loving children will shed tears over Netflix‘s Viacom programming dump? Deadline reader Zeke sends in this message from his 4-year-old son to Reed Hastings. (Netflix’s loss is Amazon Prime‘s gain):

Related: Netflix Says It Will Let Viacom Read More »

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Sony And TV Stations See Biggest Gains Among Media Stocks In Q2

Investors who bet on media should have warm memories from Q2. The Dow Jones U.S. Media Index rose 6.0% in the quarter vs. the Standard and Poor’s 500 which was +2.4%. Sony led the Big Media pack … Read More »

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Viacom Agrees To Multi-Year Streaming Deal With Amazon

By | Tuesday June 4, 2013 @ 6:12am PDT

The agreement provides Amazon with “hundreds of TV shows and thousands of TV episodes” including “a collection of TV shows that customers won’t find on any other digital video subscription service,” the companies say. But it’s especially interesting because it comes days after Viacom’s streaming carriage agreement with Netflix expired. Although execs said last week that they’re still negotiating, Netflix made it clear that it now favors deals that would give it exclusive access to programming. “We valued [Viacom's] content for sure, we just disagreed about the value of the content,” Chief Content Officer Ted Sarandos told investors at the Nomura U.S. Media & Telecom Summit. “We’re into a whole new space about what people are watching and what it’s worth.” But Viacom CEO Philippe Dauman told the same gathering that he doesn’t want to be tied down. “There isn’t a player or potential player doesn’t come by our door and we work with all of them.” Streaming, he added, “is a continuing good overall opportunity for us and any growth opportunity for us.” Viacom shares are up about 2% in early trading. Here’s today’s release: Read More »

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Viacom Chief Scoffs At John McCain’s Effort To Bust Pay TV Bundles

By | Wednesday May 29, 2013 @ 12:54pm PDT

Viacom CEO Philippe Dauman had better hope he doesn’t have to testify at a congressional hearing where Sen. John McCain’s asking the questions. The entertainment exec gave the back of his hand today to the Read More »

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Viacom CEO Says Digital Video Sales On Track Despite Changes With Netflix

By | Wednesday May 1, 2013 @ 6:37am PDT

Shares opened up more than 4% this morning after Philippe Dauman reassured investors that Viacom will continue to generate lots of cash from deals with streaming services — even if its program licensing pact with Netflix expires at the end of this month. “We’re still in discussions with Netflix…and with others,” he told analysts in a conference call. “We’re open to licensing content, some of it on an exclusive basis.” Netflix CEO Reed Hastings raised some fears last week when he said that his company would let its current deal with Viacom expire. Netflix is shifting its focus to “exclusive and curated content” as opposed to “non-exclusive, bulk content deals,” he said. The streaming service would be fine without Nickelodeon shows because “with all the recently added fresh programming from Disney, Cartoon Network, Hasbro’s The Hub and DreamWorks Animation, we have a great kids offering.” But Dauman also says that Viacom has little to fear without Netflix — and has “enough visibility” to know that the entertainment company can realize its forecast to see streaming revenues grow 10% this fiscal year. Read More »

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Viacom Fiscal Q2 Results Mixed As Home Entertainment Revenues Fall

By | Wednesday May 1, 2013 @ 4:06am PDT

Several key numbers were down, although cost-cutting at Paramount appears to have enabled Viacom to slightly beat the Street’s profit expectations. The company’s fiscal Q2 net earnings from continuing operations came to $489M, -18.4% vs the period last year, on revenues of $3.14B, -5.9%. Analysts thought revenues would reach $3.19B. But earnings at 96 cents per share were a penny above forecasts. At Viacom’s core pay TV networks operation, revenues increased 2% to $2.23B while operating income fell 2% to $873M. Domestic affiliate revenues were up 3%, but the company says that if you factor out the streaming deals that helped last year’s results the number would be up by a low-double-digit percentage. Ad sales in the U.S. and abroad were up 2% — an upturn that many investors wanted to see after last year’s ratings declines at Nickelodeon. Filmed entertainment was the weakest link with revenues -20% to $941M and operating income -43% to $65M. Viacom says its worldwide theatrical revenues fell 15% without a film that provided the same boost it saw last year from Mission: Impossible — Ghost Protocol.

Related: Viacom CEO Says Digital Video Sales On Track Despite Changes With Netflix Read More »

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Netflix Puts Viacom Under Wall Street’s Spotlight Ahead Of Q1 Earnings Report

By | Monday April 29, 2013 @ 8:12am PDT

Analysts expect to hear encouraging news across the board from the barrage of Big Media Q1 earnings reports and conference calls this week and next. But they’ll be listening especially carefully to Viacom on Wednesday. Its shares — which recently hit all-time highs — are down 3.6% since Monday night, when Netflix said that it will let its streaming deal with Viacom expire next month. Netflix says it would rather secure exclusive rights to particular shows instead of broad deals for shows that also appear on other streaming services including Amazon and Hulu. That worries some investors: Viacom has reassured them that all’s well following Nickelodeon‘s ratings dive last year — and backed up its confidence by promising to repurchase $2.5B in stock this year and pay $1 per share in dividends. The question now is whether Viacom can afford to make good on those vows. “Cash, rather than content, remains king,” Pivotal Research Group’s Brian Wieser says this morning. The Netflix news adds to the concerns about Viacom already held by Bernstein Research’s Todd Juenger — the company’s toughest critic on Wall Street. “We don’t think Netflix will bid a big sum for the specific programs it wants from Viacom,” he says this AM. “If they were willing to do so, they wouldn’t have gone through this exercise.” Nor does Juenger believe that Amazon will become a white knight. It “has all the leverage. Anything they offer to Viacom is better than nothing.” He adds that it would be “the ultimate irony if Viacom claimed the loss of Netflix would help their linear ratings, given years of arguing the opposite.” Others are more sanguine about Viacom’s prospects. Read More »

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Netflix Says It Will Let Viacom Deal Expire

By | Monday April 22, 2013 @ 2:54pm PDT

This news nugget was tucked into Netflix‘s letter to investors that CEO Reed Hastings and CFO David Wells released today: They say that at the end of May they won’t renew their broad deal with Viacom Networks … Read More »

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