ABC – OnMedea

October 20, 2014February 6, 2015

Hollywood Studios’ Only Chance For Long-Term Survival

Manka Bros., Khan Manka, Manka Bros. Studios, The World's Largest Media Company, Newt Gingrich, Callista Gingrich, Jackie Battley, Marianne Ginther, Jeff Weiner, Ben Silverman, Rob Johnson, Sonny Perdue, Rick Tyler, Hermain Cain, Mitt Romney, Rick Perry, Michele Bachman, Rick Santorum, Ron Paul, Joseph Smith, Thomas S. Monson, Elder Cook, Elder Nelson, Elder Holland, Elder Perry, Elder Bednar, George Romney, Ann Romney, Brigham Young, Sean Hannity, Bob Dole, Ann Coulter, James Grisham, Eric Stanger, Allen & Company retreat, Anne Mulcahy, Ari Emanuel, Barry Diller, Ben Silverman, Bob Iger, Bobby Kotick, Carol Bartz, Charlie Rose, Cory Booker, DumbDumb, Electus, Eric Schmidt, Erin Burnett, Gina Bianchini, Harvey Weinstein, Herb Allen, Herb Allen Sun Valley Conference, Herbert Allen, Jean-Bernard Levy, Jeff Bewkes, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jerry Yang, John Donahue, Ken Auletta, Khan Manka, Lachlan Murdoch, Lady Gaga, Leslie Moonves, Lionel Barber, Lloyd Grohl, Manka Bros., Marc Andreessen, Marissa Mayer, Mark Pincus, Mark Zuckerberg, Martin Sorrell, Mathias Dopfner, Mike Bloomberg, Niall FitzGerald, Peter Chernin, Phillippe Dauman, Reid Hoffman, Richard Parsons, Ricky Van Veen, Rob Wiesenthal, Robert L. Johnson, Ron Meyer, Rupert Murdoch, Sergey Brin, Sheryl Sandberg, Steve Jobs, Sun Valley Retreat, Sun Valley Retreat 2010, Terry Semel, Tom Freston, Tom Friedman, Ursula Burns, Vivi Nevo, Warren Buffett, World's Largest Media Company, Rupert Murdoch, Jose Maria Aznar, natalie Bancroft, Peter Barnes, Chase Carey, Kenneth Cowley, David DeVoe, Viet Dinh, Rod Eddington, Joel Klein, Andrew S.B. Knight, James Murdoch, Lachlan Murdoch, Thomas Perkins, Arthur Siskind, John Thornton, Stanley Shuman, Rebekah Brooks, Les Hinton, Teri Everett, jack Horner, Julie Henderson, Reed Nolte, Roger Ailes, Janet Nova, John Nallen, Beryl Cook, Michael Regan, Genie Gavenchak, Brian Lewis, Irena Briganti, Dan Berger, Rosabel Tao, Steven Rubenstein, Suzanne Halpin, Elisabeth Murdoch, Sarah Palin

GO PRIVATE.

There will never – ever – be enough growth and margin improvement to satisfy Wall Street.

Maybe short-term the studios will get a bump by telling investors they are going to make 100 comic book movies over the next 5 years – but after that flattens out – there’s nothing left to grow on top of that.

And it’s all Wall Street’s fault. You can’t blame studio executives. They have to appease Wall Street or they’re out.

I mean, my company, Manka Bros. just announced a trilogy of films based on the board game CHECKERS!

Wall Street’s insistence for high margin growth in such a mature business is destroying creativity (again, note all the sequels and re-makes and re-hashes and re-dos) and in it, ruining any realist opportunity for growth.

To grow the way Wall Street would like, 21st Century Fox (for instance) would need to have an “Avatar” one year (and double the amount of TV production); two “Avatars” the next year (and double again the doubled amount of TV shows); four “Avatars” the following year – and so on and so on. And they would all have to preform as good or better than the first!

And the market is saturated already.

There are too many choices and studios don’t have the monopoly on content creation that they once did.

And the moguls long for those days.

Sorry, fellas, they are not coming back.

It won’t be cheap to go private – billions and billions – but there is plenty of private equity out there that would love an asset that consistently pumps out up to $1 billion in pure profit.

Without the need to top profits year after year, the content produced can be more experimental, and thus, much more interesting and exciting for the consumer.

It would even allow for the occasional down year when things just didn’t work out. Hollywood IS a cyclical business, after all.

Hollywood Studios are sacred treasures in this country (and around the world) and should not be allowed to just fade away because Wall Street wasn’t happy with the growth prospects.

We must do what we can to save these institutions and going private is the best way.

Jill Kennedy – OnMedea

June 30, 2014June 30, 2014

I Didn’t Realize ‘Community’ Fans Were Such Dorks

Manka Bros., Khan Manka, OnMedea, Jill Kennedy, Community, Dan Harmon, Tristram Shapeero, Joe Russo, Anthony Russo, Adam Davidson, Jay Chandrasekhar, Rob Schrab, Justin Lin, Duke Johnson, Steven K Tsuchida, Kyle Newacheck, Seth Gordon, Anthony Hemingway, Gail Mancuso, Ken Whittingham, Richard Ayoade, Fred Goss, Jeff Melman, Steven Sprung, Dan Eckman, Trcia Brock, Michael Patrick Jann, Beth McCarthy-Miller, Victor Neilli, Maggie Bandur, Stephen Basilone, Jordan Blum, Andy Bobrow, Liz Cackowski, Alex Cooley, Adam Countee, Hunter Convington, Alex Cuthbertson, Emily Cutler, Parker Deay, Donald Diego, Garrett Donovan, Karey Dornetto, Matt Fusfeld, Megan Ganz, Neil Goldman, Andrew Guest, Dan Geterman, Dan Harmon, Tim Hobert, Gene Hong Carol Kolb, Joel McHale, Gillian Jacos, Danny Pudi, Yvette Nicole Brown, Alison Brie, Ken Jeong, Donald Glover Chevy Chase, Jim Rash, Richard Erdman, Dino Stamatopoulos, Erik Charles Nielsen, John Oliver, Danielle Kaplowitz, Charley Koontz, Luke Youngblood

The internet is blowing up today on the news that “Community” will be exhumed and given a 15 episode Season 6 on Yahoo!’s video streaming service called Yahoo! Screen.

This, I suppose, is a big get for Yahoo! because now people have heard of Yahoo! Screen.

It’s also, obviously, a real life saver for many “Community” fans who, apparently, have been walking around the Earth like the cast of “The Leftovers” after the Rapture.

Don’t get me wrong, I consider myself a dork for many television shows and would be upset if they were cancelled but this spontaneous ejaculation of joy today is on par with the Brazilians reaction to winning the shoot-out against Chile in the World Cup.

This news also creates an interesting scenario in that most of the rabid fans that love “Community” so much hate Yahoo! equally as much.

It should be a fun experiment for Yahoo! (they have nothing to lose and a boatload of cash coming from the Alibaba IPO). And it could just be another nail in the coffin of Broadcast TV.

I just hope Dan Harmon and company are up to the task. It’s one thing to make an announcement on Twitter – it’s another thing to sit in a writer’s room and realize – “Ah, shit, we’re doing this on fucking Yahoo!”

There are insanely high expectations going into this streaming video show (it’s no longer a TV show).

Sucking could result in a mass suicide.

Jill Kennedy – OnMedea

November 22, 2013May 12, 2014

The Great Media Bloodbath of 2014

5/12/14 UPDATE: AT&T to acquire DirecTV! Lock the doors – it’s scary out there.

2/12/14 UPDATE: Holy Crap, 2014 just got a whole lot uglier (and it was already hideous) with the announcement of Comcast acquiring Time Warner Cable!

ORIGINAL POST:

It’s coming.

Holy shit is it coming.

Millions are getting pummeled with a horrible winter but brace yourselves further, because you are in for a shitstorm of job cuts in 2014.

It will not be pretty.

It seems that media company CEOs are hell bent on proving to Wall Street that their companies can be growth companies.

Unless they fire every employee and start a new company by themselves in a garage, they cannot be growth companies the way Wall Street would like.

20% margins just will never happen again in the movie, TV, print, or music industries – so deal with it.

But these CEOs are guys (all guys) who think they can do anything.

But they will fail.

And then they’ll CUT.

And… it will not be pretty.

Tribune got things started.

Sony will be next.

My company’s CEO has called 2014 “The Year of the Hammer.”

No one will make it through unscathed.

First to go will be the packaged media folks. Those who support the production and distribution of DVDs and CDs and magazines, etc.

Gone.

Next will be the slow growth businesses – like movies and Broadcast TV production (serious like a heart attack).

Slates will be slashed, storytelling risk-taking will cease to exist.

Since no one can seem to do comedy anymore on Broadcast, they will be relegated to the epic mini-series format like “Under The Dome” and live Sports to stay afloat.

Then, finally, the low margin businesses will be hit – like console games. With the exception of a few huge titles, it’s a tough business and it certainly doesn’t help these overly-ambitious / delusional CEOs hit their targets.

So what’s going to be left? TV production for cable and Over-The-Top (OTT).

Why TV gets ownership of Internet content production is baffling to me. But they do.

By the end of 2014, giant media companies with their film studios, broadcast networks and massive real estate leases will be much MUCH leaner and the quality of the product will be much MUCH worse.

Hey, but a point of margin here and a point of margin there adds up to… 2 points.

But lighten up, Spring is coming.

Jill Kennedy – OnMedea

September 6, 2013

I’m Back

The first draft of my book is finished (more on that in the coming weeks) and I am back on the job here at OnMedea.

It was an excellent summer with lots of quiet and lots of work.

Other than the entire media spectrum going to Hell in a handbasket, there really is nothing much going on.

Movie studios are imploding and on their current tract will produce fewer and fewer quality films while continuing to bore audiences around the world with sequel after sequel after sequel. Don’t the studio bosses know that the Tentpole Is Dead?!

My parent company, Manka Bros., is apparently abandoning original films altogether.

That’s one sure-fire way to kill your business (with all due respect).

Broadcast networks continue on their painfully slow journey to complete irrelevance. (Thank God for football, huh?)

I declared them dead a couple of years ago but they are still on life support – though brain dead.

Oh, yeah, and we’re about to go to war. The world is, frankly, in chaos. My colleague Lester Aldrich wrote a thoughtful piece on the prospect of going to war from his own perspective as an 88-year-old man who has been through two wars.

But I digress… happy to be back. Have a great weekend.

Jill Kennedy – OnMedea

July 19, 2013

The Emmys Are A Joke

I had to interrupt my summer hiatus (I’m working on a book so I haven’t been posting in this space for a few weeks) to say the Emmys Are A Joke.

I’m not talking about the nominations – for the most part, it’s the same actors year after year after year. TV comedy is in big trouble. The only broadcast shows nominated are getting really old. New comedy doesn’t exist on broadcast.

But that’s not at all the point I want to make it.

This is my point: “HOUSE OF CARDS” IS NOT A TELEVISION SHOW!

It is a series of webisodes.

High-quality webisodes.

It was not produced for television…

It did not air on a television network…

It is not a television show.

“House of Cards” is an internet series produced for online and mobile delivery. The last time I checked, TV shows are produced and distributed for satellite, cable and over-the-air broadcast networks.

The TV Academy can’t just cherry pick internet webisodes that it likes and call them TV shows.

And the TV Academy shouldn’t be claiming the Internet as their own – even though on their website they say: “The Television Academy, the only major organization devoted to the television and broadband screen entertainment industry…”

In reality, they have as much claim over the Internet as I do.

And it would be impossible for the guys in the TV Academy to watch all of the content produced for the Internet (so, to make it easy on themselves, they just give the nominations to Internet content that features big stars – Kevin Spacey, Jason Bateman, Zach Galifinakis, etc.).

Can you imagine these TV Academy members sitting with their iPads watching every series produced by comedy improv troupes around the freakin’ world? “Hey, did you guys see this one from some guys in Des Moines that make fun of working in an office? It’s hysterical! It should nominated for an Emmy!”

On top of that, the TV Academy refuses (because of arrogance) to even acknowledge The CW as a legitimate producer of programming (how “The Gilmore Girls” on old The WB never got a nomination is still one of the great injustices in entertainment history – and that’s no platitude) and yet they’ll throw a few nominations to Netflix to prove some kind of point. To show that the TV Academy is aware of the future and is very much on the cutting edge of content production.

But they’re not. When you think of the TV Academy – you still think it’s just a room of old white guys longing for the days of Norman Lear and the three powerful networks that everyone watched. Remember when the cable industry had to form their own pathetic award show (the Cable ACE Awards) because the TV Academy didn’t allow cable shows to be nominated?

Now, anyone can be nominated for an Emmy. Maybe I’ll produce a series of webisodes about my dog and submit it for consideration. It won’t even be looked at because my dog doesn’t look like Kevin Spacey.

You never know, maybe the TV Academy is changing with the times – and if they are – maybe they should change their name.

“The Transmedia Academy Of Arts & Sciences!”

Now THAT has a ring to it.

A couple of years ago, I wrote “Broadcast Networks: On Death And Dying” to illustrate that Broadcast Networks are in complete denial that one day they will just be another button on the grid – the master grid that gives equal weight to every type of format imaginable on our connected TVs (broadcast, cable, YouTube, Netflix, games, family videos… everything equal).

Ted Sarandos of Netflix is absolutely correct when he says: “Television is what’s on the screen – not how it gets there.”

But that doesn’t mean “House of Cards” should get an Emmy nomination.

It’s not a TV show!

Jill Kennedy – OnMedea

May 30, 2013May 30, 2013

The Death Of The Tentpole Film

Hollywood doesn’t need to panic yet – but the powers that be should seriously start thinking about changing film slate strategies.

This is great news for filmmakers, terrible news for Hollywood’s bottom line.

Tentpole movies, when they work, print money for years and years and years – through sequels and licensing, etc. etc.

But, like what happens with obesity, if you give someone a double-quarter pounder meal with super-sized fries every once in a while – it probably won’t make you fat.

If you give someone that meal every freakin’ day for the rest of their lives – they’ll be fat and die much sooner than is necessary.

Hollywood studios have booked a tentpole movie practically every weekend for the next five years.

This is unsustainable and only a matter time before audiences yell bullshit, back away from the Big Mac and change their diet.

This is not to say that these movies are going away completely. There is always an appetite for a great event film spectacle. When they hit, it’s the greatest experience. And I hope that never goes away.

But everything can’t be a tentpole.

Yesterday, I saw the Deadline.com story on Disney’s announced animation slate (see picture).

Personally, I CANNOT WAIT for “Untitled Disney Animation Movie 2017!” And I really can’t wait for the Untitled Toy that my daughter will want.

Studios, especially on the live-action side, have no idea which movies are going to rise up from the pile to get a greenlight five years in advance.

They just know that they have to make 5-6 tentpole movies a year to hit their revenue and profit targets. You can’t make a decent budget projection if you have slated “Silver Linings Playbook 2” or the next film from Alexander Payne.

Tentpoles are necessary for financial planning. But it’s become so much of a science and so NOT much of a creative endeavor that I fear they are suffocating the goose that’s been laying the golden eggs for the past 10 years.

And, seriously, audiences just can’t take it anymore.

They aren’t crying for “Marvel Character #1,000” to finally have his or her own movie!

“Remember that character that cleaned the floors in ‘The Amazing Spider-man Comics #43’? He totally needs his own movie!”

But Hollywood thinks it can do it and that audiences will keep lapping it up.

And this summer, they will – “Man Of Steel” and “Pacific Rim” both look fantastic and I’ll be seeing them both on opening weekends with millions of others.

Again, Hollywood doesn’t need to panic yet.

I wrote a couple of years ago that audiences will never tire of super heroes – that the characters who are shoved quickly into movies should not be blamed for the failures of mortal film executives and writers to tell their stories well.

But there is only so much heavy lifting these characters can do – they’re superheroes, they’re not God.

It’s time for Hollywood to take more risks, be more experimental, have more fun. Don’t be afraid to fail.

Film production IS McDonalds these days. The food looks and tastes exactly the same every time (and, sure, there is some comfort in that). But when was the last time you heard an employee at McDonalds say their job was fun and totally creative?

Jill Kennedy – OnMedea

April 9, 2013April 9, 2013

Aereo Will Fail

Make no mistake – there is no chance Aereo will survive longer than two or three years. That’s a best-case scenario.

Broadcast Networks are dying (it’s true) and will be dead in their current form within five years.

In five years, who is going to pay $8 a month for nothing?

Where are all those little antennas going to go once Broadcast Networks cease to exist?

What sort of business launches with this sort of insane hype that, at most, will only exist for five years?

A Barry Diller company, of course.

The only useful purpose Aereo has is that it will play a part in hastening the inevitable demise of Broadcast Networks.

That’s something, I guess.

I wrote a couple of years ago that Broadcast Networks were in denial (BROADCAST NETWORKS: ON DEATH AND DYING – April 1, 2011). That the executives were longing for the old days of The Big Five.

Now they’re just trying to survive at any cost.

New shows aren’t working. The upfronts next month will be terrible (regardless of what the networks will actually say in their trumped up press releases and over-the-top presentations).

But things aren’t completely dire.

Chase Carey has the right idea but he shouldn’t say that he’ll make FOX a cable channel as a threat to Aereo. He should make FOX a cable channel because it would be a good business decision. It’s really the ONLY business decision.

It is time for Broadcast Networks to accept that the world has changed. “The Mary Tyler Moore Show” is no longer the number one show. And new shows like “How To Live With Your Parents (For The Rest Of Your Life)” will not save you now.

Basic cable and becoming just another button on the infinite media grid of the future is the only chance ABC, CBS, MBS, NBC and FOX have to survive.

Love him or hate him (most hate him), Barry Diller has, once again, disrupted an industry in desperate need of change.

If he wasn’t so gooey I would be cheering him on.

For $20 million dollars, he is forcing a $50 billion industry to join the 21st century. Now that’s getting a bang for your buck.

Jill Kennedy – OnMedea

P.S. – Who knew Barry Diller enjoyed fishing so much? Here’s a great story of a recent fishing trip.

February 27, 2013February 27, 2013

Stuck Between Old and New Media

Hollywood is stuck.

New York is stuck.

Silicon Valley is stuck.

No one can really do anything too exciting because old media is still hanging around – refusing to give up the crown.

Don’t get me wrong – OLD MEDIA IS DYING – but they’re not dead yet.

DVDs are dying – but they’re not dead yet.

We can assume that digital downloads and streaming will be the format of choice in the future – but we don’t know how it will all be quantified. Will people buy digital movies and store them in the cloud using UltraViolet and iTunes or just rent from Redbox and subscribe to Netflix?

Broadcast Networks ARE dying – but they’re not dead yet.

Will YouTube become a go to destination for entertainment on par with broadcast and cable channels? OK, that’s easy – YES – and soon.

Will Netflix realize its dream and become another HBO? Probably not. Just because “House of Cards” sort of works doesn’t mean the next five or ten shows will.

Printed books are dying – but they’re not dead yet. Will eBooks be enough to sustain an entire industry? (And Gay Moroccan Poetry definitely isn’t going to turn things around.)

Magazines are dying – YEP, they’re pretty much dead. And the online future of magazines isn’t bright at all.

Same with printed newspapers. And newspapers online will not be able to cover the costs at their current levels – so look for further contraction of that industry.

Theatrical Distribution of movies and events is most likely here to stay when many thought a couple of years ago that the format would die (though 3D WILL die).

Even Facebook and LinkedIn feel like old school media companies that are wearing out their welcome. They’ll eventually go out of business. In the meantime, they’ll just stick around and be as boring as ever.

How crazy is it that the Music Industry almost seems relatively healthy (after a decade of torture and pain)? As horrible as was, at least they’ve made the transition to digital – and now, though smaller, they’re actually growing again. But for how long? Nobody knows.

It’s limbo.

We can’t see what the future will be because the past won’t go away.

Too many unanswered questions.

With everything so completely up in the air, it’s a terrible time to be in the media business.

Jill Kennedy – OnMedea

February 8, 2013February 12, 2013

NBC Is Saved!

OK – I know NBC has been on a really bad run lately – but things are definitely looking up!

I just received an email alert from the Hollywood Reporter announcing that Christina Ricci has agreed to star in…

wait for it…

GIRLFRIEND IN A COMA

After 87 years, NBC finally has a show to be proud of.

Bob Greenblatt has proven his brilliance and I can’t to hear what’s next:

Could it be – “My Boyfriend’s Got A Nail In His Head”?

“Dad’s Bleeding From The Ass… Again”

“What’s That Thing On Molly’s Face?”

The possibilities are endless.

All joking aside… Here’s who is really in a coma:

Jill Kennedy – OnMedea

December 18, 2012December 23, 2012

2013: Endgame For Moguls

Old Hollywood just got another year older and closer to death.

In fact, it’s getting harder and harder for Old Hollywood to get out of bed in the morning.

Food doesn’t taste as good. Hangovers are a daily occurrence.

In short, Old Hollywood is not well.

And with each passing year, as movie studios and broadcast networks become increasingly irrelevant, my thoughts are about real estate.

What is going to happen to all those soundstages and sprawling campuses scattered around Los Angeles and the world when no one needs them anymore?

Soundstages built in the early 20th century by visionaries from Poland, Hungary, New York and Kansas City.

Clearly they won’t be used as much in the future as production costs for high quality content continue to drop and new visionary kids from everywhere else in the world are able to compete head-to-head with the best Hollywood writers and directors.

Perhaps they will be torn down and apartments built. But apartments in those areas are for young writers and actors who move to L.A. to chase that Hollywood dream.

They don’t have to move here anymore.

Perhaps one studio will be turned into a museum of what Hollywood used to look like.

It’s a lot of land, man, and the shopping mall business isn’t so good these days either.

It’s going to be a real problem one day.

As I said earlier this year, YouTube’s Original Content Strategy Is Working and that should put every remaining media mogul on high alert.

The 1975 when millions of families crowded the television on a SATURDAY NIGHT to watch one of the three networks is over.

Now, in all likelihood, a family of five is watching or doing five different things on a Saturday night (and the rest of the week for that matter).

And this has been true for a few years.

In 2013, another profound and symbolic pillar will crumble in the epic story of the Decline and Fall of the Hollywood Empire.

The Mogul.

2013 will see most of the remaining media moguls pathetically fade away from relevance with little fanfare. And that’s sad.

WHO IS LEAVING?

1. Sumner Redstone – Many would say he has already left (despite his attempt to look youthful with that shocking sprayed on orange hair). Sumner has desperately clung to power just as he clung to the side of the hotel ledge years ago to survive a fire. Sumner will be the first to leave in 2013 either by death or senility (though many would argue he has been dead and senile for the past 25 years).

2. Rupert Murdoch – Enough with this guy and his phone tapping and continued interest in buying newspapers. He’s done. There is an outside chance the family empire could continue if Rupert appointed his daughter Elisabeth to the top job (I would buy the stock if that happened). But his continue insistence on giving his idiot sons top jobs will, no doubt, destroy all that he spent his entire life building.

3. Barry Diller – Barry Diller is just tired of it all. Does anyone really think he is excited about owning Ben Silverman’s ridiculous company or CollegeHumor or The Daily Beast or Zwinky or Sports Pickle? Sail away, Barry. The media world no longer needs you. You had a good run. Now go get drunk.

4. Jeffrey Katzenberg – The last mogul standing of DreamWorks SKG (one of the last valiant attempts made to build a true media empire like the old days), Katzenberg will sell DreamWorks Animation for a few billion less than he would have hoped and leave the Hollywood scene. He will go on to become equally annoying in the Art Collection scene.

CLINGING TO POWER

1. The Weinstein Brothers (Harvey and Bob) – Despite several high profile movies (Silver Linings Playbook, The Master, Django Unchained) that will probably win quite a few awards this season, the Weinsteins are working with a business model from 1985. Attempted diversification into TV, publishing and interactive nearly cost them everything a few years ago. What they know is how to buy, market and get Awards for small to medium sized movies. And we know where that business is headed.

2. Ryan Kavanaugh – Calling him a mogul is generous (to say the least). Attempted mogul more like it. For some reason people keep giving him money. Hopefully, that stops soon and he is forced to land his helicopter not in Beverly Hills but somewhere out in Palmdale where he can live out his existence with a few other characters from “Day of the Locust.”

WHO IS STAYING?

Khan Manka, Jr. – Despite horrible performances year-over-year in both film and television (and publishing and music, etc.), Khan Manka, Jr. remains firmly at the top of the world’s largest media company. Even though he publicly states how much he hates the job and would rather be at his house in the Seychelles, he continues to stay year-after-year and I don’t see that changing anytime in the near or far future.

2. Thomas Tull (Legendary) – Even though Legendary is more of a high-end financing and production outfit than a media empire, Tull is eyeing much larger things and has the money to do it. How far he actually takes the media empire concept is the question. Is Legendary a new DreamWorks or actually something that will be successful?

3. Hed family of Rovio (Angry Birds) is the closest thing we have these days to a new generation media mogul (and I wish Raj, Mikael and Niklas Hed nothing but the best. DON’T SELL – BUILD!). Like Walt Disney and George Lucas before them, the Heds have a real chance to build an empire from a single group of characters. Their passion and ambition is infectious and they see enormous potential while others laugh in their face. The perfect scenario for global conquest.

—————–

So, 2013, endgame for moguls.

The big ones will fall.

Some smaller ones may rise (on a lower scale).

It will never be the same.

Where is Ted Turner when you really need him?

Jill Kennedy – OnMedea

P.S. – John Malone and Brian Roberts may be considered moguls in today’s terms. I just find them too boring to write about.