Recently in NBC Universal Category

Deep-down, I believe almost everything Kagan puts out is bullshit.  Entertainment industry projections that are almost never right.

However, I had to give pause when I saw this chart regarding Comcast's NBC Universal purchase.  If you're an old media mogul, this chart should scare the living piss out of you (which for Sumner Redstone may be a healthy thing).

What Kagan is saying in this chart (and what I have believed for about a year now) is that Broadcast Networks are dead.  JUST LOOK AT THOSE VALUATIONS!  $1.7 Billion gets you NBC AND Telemundo.  WTF?  (That price would get you around 30% of USA Network.)

Seriously, there is no purpose for a broadcast network anymore.  It's old media moguls trying to hold on to the old days.  I hate to break to you guys... it's over.   Martinis at The Smoke House and a show with a 40 share is fantastic... but it's over.  Move on.

Steps should taken immediately to convert NBC to a basic cable channel (two revenue streams - come on, Jeff, mmmm - tasty).  Do this and NBC would, overnight, become the most popular cable channel on TV (until CBS converts).

What this chart says that I completely don't believe (and DON'T WANT to believe) is that Intellectual Property is dead (film and television production and libraries).  That's insane!  Does Kagan seriously think we're heading for a future when content owners are no longer in charge? 

If Disney, Warner Bros., Fox, Paramount, Universal and Sony lose the ability to further exploit, in any meaningful way, their owned, copyrighted, fully-amortized content that they've acquired and produced over the past several decades - these companies are basically worthless.  A declining asset with no chance to recover.

Now, for the sake of my parent company, Manka Bros. Studios - The World's Largest Media Company (thus, the company with the most to lose), I hope Kagan is wrong (like they normally are).  But, if Kagan is right, and we realize a future where studio libraries cost more to manage than they bring in and broadcast networks lose more and more market share to cable networks, who among us are going to survive?

Personally, I remain bullish on content and the future of intellectual property.  HOLD ON TO THOSE COPYRIGHTS, MEDIA COMPANIES! 

A cable channel (even with two revenue streams) is nothing but a pipe into the home.  A convenience, yes.  A necessity, no.  The water, not the pipe, is what sustains life.

Jill Kennedy - OnMedea



 

Yesterday, I told Comcast to dump Fancast and embrace Hulu. 

Today, we learn that Comcast has decided to change the name of Fancast to FancastXfinity or just Xfinity.

Horrible name.

No one will use it.

Xfinity is dead.

As I said yesterday to Comcast (and say again today), dump Fancast (Xfinity) and embrace Hulu.  You might as well get some benefit from this disastrous acquisition of NBC Universal.

All other confusing video watching sites owned by Comcast (currently running or in development) must be destroyed.

While on the subject of Comcast NBC Universal, my boss, Khan Manka, Jr., had a truly bizarre conversation with Comcast CEO Brian Roberts last night.  I'm still trying to make sense of it.  Check it out here.

Jill Kennedy - OnMedea

Here's why:


Now that Comcast owns Fancast AND Hulu (1/3 of it), it's time to dump the one that sucks. 

Sorry Fancast.

Jill Kennedy - OnMedea

The revolution is over... and what a crappy revolution it was. 

Notional - the only company to ever come up with the idea for a dating show in a taxi; a competitive cooking show; a home makeover show; as well as several shitty internet game shows in development including "Ready, Set, Dance", "You vs. America" and "Chase the Money" - is dead.

Yes, I realize Notional hasn't got up on its feet yet - but, based on the announcement of the "slate" today, Notional IS creatively dead.  Physically, they're still on life support and won't be dead until 2010 (thus the tombstone - thanks, R).

Oh, well.  I guess we'll just have to wait and see what content visionary (and current Notional CEO) Ricky Van Veen will think up next.  Hopefully something that will have the same forward-thinking press release that mentions words like "revolutionary" and "ground-breaking." 

I must apologize to Barry Diller and all IAC shareholders for killing off his two latest content creation ventures before they really got started - (I killed Ben Silverman's cure for what has been a cancer of bad content and business models on the internet, Electus, a couple of weeks ago... also before the launch) - but it had to be done. 

Come on, Ricky, freakin' internet game shows?  Who gives a shit?  You were so clever until you started spending Barry Diller's money.  What does he get for making you rich?  You... trying to make him poor.

The only show you could produce that could possibly work is you and your new best friend Ben Silverman going out every night and partying your brains out then putting your escapades up on the internet for everyone to see.  You could actually erect the elusive paywall on that one.  Just imagine it... you, Ben and hot chicks in bars... X-rated. 

THAT is programming only you guys can do in just the right pathetic way.  And THAT is your only competitive advantage.

Jill Kennedy - OnMedea

I realize that Electus - the earth-shattering, ground-breaking, cutting-edge new business from Ben Silverman and Barry Diller's IAC/ InterActiveCorp hasn't launched, but I have recently climbed aboard Khan Manka, Jr.'s Time Machine and gone into the not-too-distant future to retrieve the press release announcing (sadly) the company's closure.  Sorry, Ben.

-----------------------------------------------
From the Associated Press (July 2011):

Electus, the $100 million start-up from media wunderkind Ben Silverman has decided to close its doors effective immediately after only 18 months in business.  875 staffers (mostly low-level hot chicks in their 20s who ran errands and stuff) were expected to lose their jobs.  The highly-touted venture only managed to produce one original internet series - a show about bed-hopping young flight attendants based at O'Hare International Airport called "The Hub".

Electus, announced by Mr. Silverman with much fanfare in July 2009 (after a completely disastrous run as Co-Chairman of NBC Entertainment), was supposed to change the entertainment landscape with the unoriginal idea of marrying advertising, content and distribution in a new media world.

Mr. Silverman was unavailable for comment but released a statement through his representatives:  "I am proud of my accomplishments at Electus.  Even though $100 million doesn't go as far as it used to, I still changed the world!  No one has even come close to doing what I did because nobody had the balls.  What a ride!  Maybe people just aren't ready for forward-thinking."

Mr. Diller was available for comment and simply said about Silverman:  "Fuck that guy."

But don't worry about Ben.  He has landed on his feet and will continue his Quixotic quest to monetize online content from his penthouse suite at The Palms Hotel in Vegas.  Goldman Sachs
has committed $500 million to fund his new, as yet, unnamed venture.
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Oh, yeah, one other thing I learned from the future:  The Jay Leno Show was canceled in 2010 and called one of the greatest failures in the history of television.  Sorry, Ben.

Jill Kennedy - OnMedea

Seriously, Fortune?  Are you fucking kidding me?  What, will you sell 15 more magazines with him on the list?  Couldn't come up with that 40th name? 

What about Jeff Weiner - he's under 40 and was named CEO of LinkedIn.  That's a pretty big job and the site actually makes money and is relevant. 

Ben Silverman is irrelevant.  Everyone needs to please stop with the 'Ben Silverman is great' shit. 

If (and this is about the biggest fucking 'if' I've ever written) Barry Diller and Ben Silverman put together a company that changes the media landscape and makes the world a better place, put him on your list next year.  Oh, yeah, he won't be UNDER 40 next year.  Sorry, Ben.

Well, OnMedea is putting together our own list:  ONMEDEA'S TOP 40 FAILURES UNDER 40 and Ben Silverman is in the running for the top of that list. 

Check back here next week for all the exciting details.

Jill Kennedy - OnMedea

... Ben Silverman doesn't.  I would give Ben the benefit of the doubt, but we all know his new $100 million company with Barry Diller is not going to work (or create anything remotely new or ground shaking). 

As soon as Ben launches his new company (whenever the F that is), the rest of the world will realize that he doesn't get it.  The sooner we get him to retire to the penthouse of The Palms in Vegas so he can bang cocktail waitresses two at a time, the sooner we can move on with our quest for a workable New Media business model.

BUT LEO LAPORTE (founder and chief guru of twit.tv - or This Week In Technology) GETS IT! 

Please watch this 40 minute speech he recently gave to the Online News Association and you will see what I mean.

As long as we stay away from and stop encouraging these inane ultra Hollywood-types who have no vision, we just may get somewhere.

Jill Kennedy - OnMedea

From the executive grave, Ben Silverman has struck again.  Southland, the once promising (for one episode) gritty cop show has been canceled (before its season premiere!).

Another day - another failed show.  NBC is in big trouble.  Mercy, Trauma, Heroes - all cancellations to come.

NBC had better start super-sizing episodes of The Office ASAP. 

Also, maybe think about putting together a few hours of The Biggest Loser Outtakes.  Are there any extra Law & Orders laying around?  Somebody should get Dick Wolf on the phone.  That might work for a week or two.  

Hey, America's (Still) Got Talent - get the cameras rolling!  Or just show re-runs of Susan Boyle from Britain's Got Talent.  How about that sand artist from Ukraine's Got Talent?  Something is bound to work.  Right?

Thank God The Jay Leno Show only needs a 1.5 rating to make $300 million!

This has been an extremely challenging year for NBC so far - and it's only October 8th.

Jill Kennedy - OnMedea

OK, Ben. 

It's been nearly three months since you announced you were leaving NBC to start a new company that will "capitalize on the ever-evolving world of multimedia production and distribution."   We're still waiting.

Who knows?  Maybe you actually did stay at NBC to help launch the new season (or whatever) like you claimed you were going to do. 

If you stayed, most likely you left the morning after The Jay Leno Show premiered so that you could tell people that it was a hit while you were there. 

[Note: Latest ratings for The Jay Leno Show (10/5/09): 2.9/5 - but, according to John Ferriter, it only needs a 1.5 to make NBC Universal $300 million!]

I know it must be difficult to be a cutting-edge wunderkind and I'm not trying to rush you - but it's time to announce your new venture. 

I'm sure Barry Diller can't wait to hear about it either.  He's got $100 million riding on your genius. 

Don't worry, Ben - Vegas will still be there after you launch your company.  And... don't forget... hot chicks dig launch parties. 

Jill Kennedy - OnMedea

Based on last night's overnight ratings (September 30, 2009:  4.1/7), the above headline is what nearly every television production executive is screaming down the halls today (with the exception of those at NBC Universal.  They're probably screaming something like... Will Comcast contribute to my 401K?  What happens to our stock options?, etc.).

Now, a 4.1/7 is a grand slam on The CW.  If every show on The CW got a 4.1/7, Dawn Ostroff (President) would be carried around on one of those Cleopatra-type chairs.  However, this is NBC and this is Jay Leno.  We've heard from stories past (lies in my opinion), that Jay only needs to "get a 1.5 rating (A18-49) to make $300 million a year for NBC".  So a 4.1/7 is comfortably in that range - but still pathetic based on pre-season expectations.

However, there is a way that NBC can save face in the middle of this debacle.  They don't even need to cancel The Jay Leno Show (why would you when you're making that kind of bank?  I'm sure Comcast will do a complete audit in due-diligence - so one day we'll know for sure).

Here's what you do, NBC: BUY BILLBOARDS strategically-positioned around every major television production facility (as demonstrated below).  Every week, update the profit number of The Jay Leno Show and then put a tag at the bottom that reads something like:  "Hey TV Execs, how are your fall shows doing?  Throwing Off Any Cash?"

This would bring home the fact that The Jay Leno Show HAS NOT FAILED.  It might just stop this town from obsessing over ratings and fucking market share.  Ask The Food Network about their profits?  I think they'll tell you they're doing just fine.  And when was the last time they got even a 1.0/3 share?  It means nothing. 

But, NBC, you have lost the PR war and it's time to fight back.  Forget trying to put TV stars from other networks on with Jay.  Jay is about movie stars and pop icons.  Fuck Julianna Margulies, Jay.  You don't need her or her TV friends and complaining in the media about it makes you look like a pussy (even more so).

Jill Kennedy - OnMedea

P.S. - I have nothing against Julianna Margulies.  Big fan.  She's just F-ed by example.