Tuesday, August 16, 2011
Arrested Development the Movie. Google to take on iPad, SAG revenue sags, Murdock may have known about phone hacking
From the LA Times Company Town, click here for the lates news of the industry.
Look out Apple! Google is going to become a manufacturer....Google's bet. Google's acquisition of Motorola Mobility Holdings for $12.5 billion will clear the way for the search engine giant to start manufacturing tablets and mobile phones. In other words, look out Apple! Analysis of what the deal means from the Los Angeles Times and Wall Street Journal. Motorola also is a big manufacturer of cable boxes, which has some in the media industry a little nervous about Google's intentions. More on that from Multichannel News.
The plot thickens. Clive Goodman is a former correspondent at the now-closed News of the World tabloid who did time for phone hacking. In 2007 he wrote a letter to his boss, former senior News Corp. executive Les Hinton, detailing how widely known phone hacking was at the paper. News Corp. and News of the World executives, including Chairman Rupert Murdoch and his son James, have claimed ignorance about how widespread hacking was. More on the latest revelations from theGuardian.
Take the money and run! Years ago advertising giant Interpublic bought a tiny piece of Facebook -- less than 1% -- for under $5 million. Now the agency is cashing in half its shares, which grew in value to a whopping $130 million, according to the New York Times.
No guts, no glory. Jordan Levin, former head of the WB network who now runs his own content company, takes aim at the television industry's management-by-committee approach to everything. "When you look at certain networks and film studios and you see some of the output of those divisions, you really wonder whether some seminal pieces of popular culture would be created and supported today," Levin tells the Hollywood Reporter.
Ouch. The Screen Actors Guild said earnings of its members in TV dropped by more than 8% in 2010. On the plus side, income for those in film was up almost 6% and commercial work earnings jumped almost 13%. More on the numbers and what they mean for SAG from Variety.
Whispers about "The Talk." CBS' daytime show "The Talk" continues to be tweaked. Now word is that co-hosts Leah Remini and Holly Robinson Peete are leaving. Sharon Osbourne already announced she is taking a break. The show also goes through executive producers the way Spinal Tap goes through drummers. For a happy face put on all the changes, read Deadline Hollywood. For some backstage gossip and backstabbing, read the New York Post.
Don't hold your breath. For years, fans of the short-lived Fox show "Arrested Development" have been holding out hope for a theatrical version of the cult comedy classic whose stars included Jason Bateman, Will Arnett and Michael Cera. Now Screen Rant says they have what could be the plot for the movie. Personally, I have always been doubtful that a theatrical "Arrested Development" movie will ever get made. A show with a tiny audience is not a recipe for box-office success, no matter who starred in it. But, hey, I'd go see it!
Inside the Los Angeles Times: An analysis of how Disney's plans to make a "Lone Ranger" movie foundered and what it means. How owner Live Entertainment's plans to make House of Blues cool again.
Redbox Rentals to go up in pric
Redbox Expands Higher DVD Rental Pricing Tests15 Aug, 2011By: Erik Gruenwedel
From Home Media Magazine...click here to link to the source for tis and other stories.
Kiosks in Austin, Texas, now charging $1.15 to $1.20 per night for DVD with no change to Blu-ray Disc and video game pricing
Redbox quietly has begun charging a 15% to 20% premium for nightly $1 DVD movie rentals at kiosks in Austin, Texas, according to an analyst who tracks the company’s parent Coinstar Inc.
Eric Wold, research director with Merriman Capital in San Francisco, said the increased pricing has been ongoing for years as Redbox tests pricing on a market-by-market basis. In 2009 it briefly upped prices in Albuquerque, N.M., and last year implemented rate increases in San Diego; Spokane, Wash.; Miami; and Modesto, Calif., among other areas.
“Although price increases of 15% to 50% could seem aggressive, we believe these prices still represent a significant value relative to other single-use rental options — such as $4 to $5 for VOD and $2.99 for new-release DVDs at Blockbuster,” Wold wrote in an Aug. 15 note.
The analyst said the price increase, which mirror a 10% increase Coinstar recently implemented in its coin-counting business, could be used to accommodate ongoing studio guarantees, including the recently renewed $150 million deal with Lionsgate. Similar renewals with Sony Pictures Home Entertainment and Paramount Home Entertainment are expected.
Wold said the rate hikes also could offset a possible disc price hike and extension of the 28-day delay currently imposed by Warner Home Video, Universal Studios Home Entertainment and 20th Century Fox Home Entertainment on its new releases to kiosks.
Indeed, Chase Carey, COO of Fox’s parent News Corp., last week reiterated plans to keep up pressure on rental kiosks, which he believes undervalue the studio’s content.
“Should one of those changes be negotiated by either of the studios, we believe Redbox would have the ability to implement a price increase enough to offset the impact without needing to resort back to workaround plans — both maintaining margins and not negatively impacting the customer experience,” Wold wrote.
He added that with Netflix Sept. 1 raising monthly subscription prices for members who want to rent discs and stream, the surcharge on DVD rentals at Redbox represents a better deal than the $7.99 monthly fee at Netflix.
The analyst said the price increases could generate about $26 million in pre-tax earnings for Redbox.
“While any assumptions could be made at this point, we believe management has enough data at various prices to know what change would yield the greatest positive result,” Wold wrote.