Miramax – 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

May 6, 2014July 1, 2014

The Twilight Of The Katzenberg

Manka Bros., Khan Manka, Herb Allen's Sun Valley Conference 2013, Sun Valley Lodge, Bin Tran, Vin Tran, Lee S Ainslie III, Yousef Al Otaiba, Hans-Holger Albrecht, Paul G Allen, James Anderson, Marc Andreessen, Michael Angelakis, Tim Armstrong, Nikesh Arora, Neil M Ashe, Emilio Azcarraga, Manvinder S Banga, Lionel Barber, Craig R Barrett, Willow Bay, Andreas Bechtolsheim, Marc Benioff, Jeffrey Berg, James Berkus, Michael S Berman, Mark Bertolini, Gary Bettman, Jeff Bewkes, Jeffrey P Bezos, Aneel Bhusri, The Right Honorable Tony Blair, Gregory R Blatt, Anthony H Bloom, Michael R Bloomberg, Steven R Boal, Scott A Bommer, Cory A Booker, Jeffrey H Boyd, Sergey Brin, Glenn Britt, Tom Brokaw, Michael J Brown, Howard G Buffett, Susie Buffett, Warren Buffett, John Burbank, Stephen Burke, Erin Burnett, Ursula Burns, John E Bush, Jeanie Buss, John A Canning Jr., Chase Carey, Wences Casares, Mark Casey, Kenneth Chenault, Peter Chernin, Brian Chesky, Richard Chilton, Chris Christie, Lewis Cime, Adriana Cisneros, Gustavo Cisneros, Vittorio Colao, Timothy Collins, Patrick Collison, Timothy Cook, Anderson Cooper, David Corkins, Delos Cosgrove, Dick Costolo, Cristian Croitoru, Henry Crumpton, Jose Luis Cutrale, Will Danoff, Philippe Dauman, Christopher Davis, Alfonso de Angoitia, John DeGioia, Diego Della Valle, Brian Demain, Andre Desmarais, David DeVoe, Feroz Dewan, William DeWitt, Barry Diller, Daniel Doctoroff, Jonathan Dolgen, John Donahoe, Jack Dorsey, Michael Duke, Mathias Dopfner, David Ebersman, Wesley Edens, Marvin Edwards, Eric Eisner, Michael Eisner, John Elkann, Thomas Evans, Randel Falco, Jose Antonio Fernandez, Michael Ferror, Niall W. A. FitzGerald, Thomas Friedman, Michael Fries, Tommy Frist, Daniel Fulton, Michael Fux, Mala Gaonkar, Whitfield Gardner, William Gates, Melinda Gates, Julius Genachowski, Daniel Gilbert, Thomas Giovine, David Goldberg, Roger Goodell, Bing Gordon, Donald Graham, Brian Grazer, Brad Grey, John Griffin, Andreas Halvorsen, Reed Hastings, General Michael Hayden USAF, James Heavener, John Hendricks, John Henry, John Heyman, Kazuo Hirai, John Hock, Reid Hoffman, Won Pyo Hong, Lisa Hook, Ben Horowitz, Drew Houston, Robert Iger, David Ignatius, Martin Indyk, Phillip Jackson, Eli Jacobs, Paul Jacobs, Robert Johnson, Salar Kamanger, Peter Karmanos, Alexander Karp, Michael Karsch, Jeffrey Katzenberg, Michael Keating, Brian Kelly, Muhtar Kent, Joseph Robert Kerrey, Dara Khosrowshahi, Seth Klaman, Joel Klein, Peter Klein, Philip H Knight, Victor Koo, Robert Kotick, Robert Kraft, Henry Kravis, Ynon Kreiz, Blake Krikorian, Ananda Krishnan, Stan Kroenke, Daniel Lamarre, Michael Larson, Martin Lau, Michael Leavitt, Jay Lee, Eric Lefkofsky, Theordore Leonsis, Max Levchin, David Levin, Phil Libin, Martin Lipton, Bryan Lourd, Kenneth W Lowe, Michael Lowenstein, Dan Lufkin, Dennis P LYnch, Michael Lynton, Maurice Levy, John Malone, Robert Marcus, Morris Mark, Donald Mattrick, Kathleen A McCarragher, General Stanley A McChrystal, Andrew McKenna, General Montgomery C Meigs, Lorenzo Mendoza, Ron Meyer, Roberto Mignone, Hiroshi Mikitani, Bill Miller, Kenneth Miranda, Thomas Monahan, Leslie Moonves, Luis Alberto Moreno, Dan Moskovitz, Craig Mundle, James Murdoch, Rupert Mudoch, Lachlan Murdoch, Nathan Myhrvold, Michael Neidorff, Jonathan M Nelson, Vivi Nevo, Sam Nunn, Michael E O'Hanlon, Daniel J O'Keefe, Don O'Neal, Ronald L Olson, Evan Osnos, CL Butch Otter, Michael Ovitz, Larry Page, Stephen G Pagliuca, Saul Pannell, Mark Papa, William Pappendick, MIchael Pausic, Minxin Pei, Francois-Henry Pinault, Mark Pincus, Laurene Powell, Lawrence F Probst, Rebecca Quick, Thomas Rabe, Jay Rasulo, Jerry Reinsdorf, Danny Rimer, Richard Riordan, Ambassador Charles H Rivkin, Brian Roberts, James Robinson IIi, James Robinson IV, Fernando Rodes Vila, Brian Rogers, Congressman Mike Rogers, Charlie Rose, Daniel Rose, Wilbur L Ross, Haim Saban, Karim Sadjadpour, Sheryl Sandberg, Ricky Sandler, Ted Sarandos, Fayez Sarofim, Nassef Sawiris, Eric Schmidt, John Schneider, Christopher Schroeder, John Scully, Allan Selig, Nicole Seligman, Eric Semler, William Siegel, Herbert Siegel, Ben Silbermann, Christopher Silbermann, Louis Simpson, Eduardo Sirotsky Melzer, Andrew Sorkin, Sir Martin Sorrell, Thomas Staggs, Cristina Stenbeck, David Stern, Michael Stone, Sir Howard Stringer, Robert Swan, Peter Thiel, Mark Thompson, Sebastian Thrun, Thomas Tull, Peter Ueberroth, Joseph Vacanti, Jeffrey Van Harte, Owen Van Natta, Martin Varsavsky, Leftie Vaughn, Michelangelo Volpi, Alexandre Von Furstenberg, Dian von Furstenberg, Casey Wasserman, David Weinberg, Judd Weinberg, Jeff Weiner, Harvey Weinstein, Wallace R Weitz, Robert Werbel, Michael White, Meg Whitman, Jim Wiatt, James Williams, Fred Wilpon, Jeffrey Wilpon, Fred Wilson, David J Winters, Nicholas Woodman, Major General Amos Yadlin, Jerry Yang, Jed York, David Zaslav, Dirk E Ziff, Gianfranco Zoppas, Mark Zuckerberg

It’s going to be a long summer for Jeffrey Katzenberg and DreamWorks Animation. It may just be the last summer those two names are associated with each other.

Sure, they’ve got “How To Train Your Dragon 2” coming out. And, sure, it’ll do $500 million worldwide and make a decent profit.

But not enough to convince anyone that DWA isn’t a dead-company-walking.

By early next year, something will have to happen – maybe a sale, maybe a shutdown – but business as usual is not an option.

This failure seemed to happen in slow motion – nearly 10 years with a terrible, unsustainable business model.

I seriously doubt the Company Mission was this: “We’re going to produce two animated movies a year – and one of them will fail. Repeat. Repeat. Repeat. Repeat.”

In baseball, getting a hit fifty percent of the time would be superhuman.

In Hollywood, fifty percent sucks.

When your job is to produce animated feature films, and over half of your movies bomb, there is something wrong with you. It means, you are incompetent and, deep down, you really don’t know what you’re doing.

Big Hollywood animated feature films is the ultimate fish-in-a-barrel/low-hanging-fruit type entertainment. Kids of a certain age will see almost anything. And parents need these diversions to pass the time on a hot summer afternoon or a miserable cold winter day.

But I suppose over the half time, parents would rather be miserable than go see a DreamWorks Animation film.

I’m not saying everything has to be “Frozen” – but nothing should ever be “Turbo” or “Mr. Peabody & Sherman.”

From the beginning, I never understood the Animation unit IPO.

If the reason was just to get enough cash to pay-off Paul Allen at the expense of giving up your dream of building a giant entertainment conglomerate on par with the other majors, then that was truly short-sighted and weak.

Taking the whole company public was really the only option – a piece of it was just too small. I’m sure there was a reason – but it was mistake nonetheless.

Seriously, you went from producing content like this:

To content like this:

AwesomenessTV and OTT, in general, is not going to be enough to save the company – though it will be a nice asset for someone to pick up on the cheap – after the whole OTT bubble bursts (any moment now).

So, I’m sorry, Jeffrey, it’s time for you to just enjoy your money and your philanthropic work (cocktail parties, clambakes at Geffen’s house, etc.). You do many great things for the world – producing movies isn’t one of those things.

Sorry.

It is very possible that Khan Manka, Jr. – as he wrote himself – is the Last Hollywood Mogul.

Good luck to you.

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

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

February 27, 2013February 27, 2013

Stuck Between Old and New Media

Allen & Company retreat, Ari Emanuel, Barry Diller, Ben Silverman, Bob Iger, Carol Bartz, DumbDumb, Electus, Eric Schmidt, Gina Bianchini, Herb Allen, Herb Allen Sun Valley Conference, Herbert Allen, Jeff Bewkes, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jerry Yang, Khan Manka, Lady Gaga, Leslie Moonves, Lloyd Grohl, Manka Bros., Marissa Mayer, Mark Pincus, Mark Zuckerberg, Peter Chernin, Phillippe Dauman, Reid Hoffman, Richard Parsons, Ricky Van Veen, Rupert Murdoch, Sergey Brin, Sheryl Sandberg, Steve Jobs, Sun Valley Retreat, Sun Valley Retreat 2010, Terry Semel, World's Largest Media Company, Chase Carey, James Murdoch, Elisabeth Murdoch, Lachlan Murdoch, Jim Gianopulos, Joel Klein, Jon Miller, Steve Burke, Michael Angelakis, Leslie Moonves, Philippe Dauman, Jeff Bewkes, John Martin, Howard Stringer, Rob Wiesenthal, Michael Lynton, John Malone, Greg Maffei, Haim Saban, David Zaslav, John Hendricks, Mike White, Edgar Bronfman, Len Blavatnik, Tim Armstrong, Peter Chernin, Tom Freston, Carol Bartz, Jerry Yang, Mark Pincus, Owen Van Natta, Brian Roberts, Jason Kilar, Wayne Willich, Reid Hoffman, Harvey Weinstein, Diane Von Furstenberg, Andrew Mason, Jason Kilar, Ben Horowitz, Gina Bianchini, Mark Pincus, Ali Pincus, Robert Wiesenthal, Tom Freston, Bing Gordon, Bill Gates, Chris Christie, Martin Sorrell, Eric Lefkofsky, Oprah Winfrey, Jeff Bezos, Tim Cook, Cory Booker, Michael Bloomberg, Joel Klein, Lachlan Murdoch, James Murdoch, Bobby Kotick, Marc Andreessen, Peter Thiel, Dick Costolo, Ross Levinsoh, Paul Sagan, Leslie Moonves, Tim Armstrong, Glenn Britt, Donald Graham, Kazuo Hirai, Howard Stringer, Jae-Yong Lee, Bryan Lourd, Ron Meyer, Brad Grey, Edmund Lee, Anthony Palazzo, John Malone, Chris Silbermann, Jim Berkus, Roger Goodell, David Stern, Chris Christie, Julius Genachowski, Erin Burnett, Charlie Rose, Becky Quick, Todd Davidson, Reed Hastings, Terry Semel, Jerry Yang, Ken Allen, Laurene Powell Jobs, Jean-Bernard Levy, Lucian Grainge, Jonathan Boyar, Mark Pincus, Michael Lynton, Mandy Tavakol, Mario Monti, Dave DeVoe, John Martin, Brian Roberts, David Zaslav, Mel Karmazin, Carol Bartz, Scott Thompson, Jason Kilar, King Abdullah II, Queen Rania, Queen Noor, #sv12, #Sunvalley2012, #allenco, Robert Johnson, Anne Sweeney, Brian Grazer, Michael Ovitz, Hiroshi Mikitani, Owen Van Natta, Don Mattrick

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

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.

August 1, 2012August 1, 2012

AMPAS Looks To The Future

Manka Bros., Khan Manka, Producers Guild of America, 2011 nominations, Steven Spielberg, Mark Gordon, Hawk Koch, Gary Lucchesi, Hayma "Screech" Washington, Shuler Donner, Gale Anne Hurd, John Hadity, Marshall Herskovitz, Jeffrey Lerner, Chris Thomes, Amy Jacobson Kurokawa, Darla K. Anderson, Fred Baron, Jerome Calimeri, Bruce Cohen, Kathleen Courtney, Maureen Dooling, Tracey Edmonds, Shoshanna R. Ezra, James Fino, Tim Gibbons, Richard Gladstein, Gary Goetzman, Brian Grazer, Sarah Green, Vanessa Hayes, Rachel Klein, Christina Lee Storm, Megan Mascena-Gaspar, Chris Pfaff, David Picker, Lydia Dean Pilcher, Judy Race, Alison Savitch, Paula Wagner, Stephen C. Grossman, George A. Sunga, Dana Kuznetzkoff, Mark Marabella, David Fox, Jeff Gomez, John Hoffman, Nelle Nugent, Amy Robinson, Peter Saraf, Roger Birnbaum, Ian Bryce, Donald DeLine, David Friendly, Ali LeRoi, Lori McCreary, Erin O'Malley, David Picker, Lydia Dean Pilcher, Cathy Schulman, Josh Schwartz, Karen Spiegel, Mike Tollin, Paula Weinstein, James Fino, Kendall Allen, Michael Bellavia, Dina Benadon, Laurent Bouzereau, Mariana Danilovic, Jeanette DePatie, Shawn Gold, John Heinsen, Derek Hildebrandt, Charlotte Huggins, Sophia Kim, Cindy Pound, Marc Scarpa, Deborah Todd, Chris Williams, Felicia Wong, Susan Zwerman, Jeff Lerner, Kimberly Austin, Christina Lee Storm, Suzette Brown, Jerome Calimeri, Carrie Certa, David Hartle, Susan Sherayko, Rebecca Graham Forde, Terra Abroms, Derek Bartholomaus, Wendy Wallace, Maureen Dooling, Jen Haire, RJ Hume, John Peterman, Mitchell Ferm, Allen Maris, Vance Van Petten, Chris Green, Nikki Livolsi, Kyle Katz, Jo-Ann West, Bryce Averitt, Diane Salerno, Erik Bogh, Will Bryan, Scott Bengston, Mitzie Rothzeid, Patrick Gerety, Ben Silverman, Colin Firth, Harrison Ford, Jake Gyllenhaal, Laura Linney, James McAvoy, Mo'Nique, Julianne Moore, Christoph Waltz, Colleen Atwood, Milena Canonero, Betsy Heimann, Judianna Mokovsky, Ha Nguyen, Ken Adam, Rick Carter, Lilly Kilvert, Rusty Smith, George DeTitta, K.C. Fox, nancy Haigh, Leslie Pope, Sandy Reynolds Wasco, Russ Alsobrook, Robbie Greenberg, Julio Macat, Hiro Narita, Amelia Vincent, Wes Anderson, Roger Corman, Lasse Hallstrom, Mike Leigh, Errol Morris, Lone Scherfig, Joe Berlinger, Liz Garbus, Alex Gibney, Mark Lewis, Julia Reichert, Michael Barker, Peter Chernin, Camela Galano, Brad Grey, Lisa Henson, Bill Mechanic, Robert Shaye, Patrick Wachsberger, David Brenner, Lisa Zeno Churgin, Lynzee Klingman, Michael Tronick, Billy Weber, Lois Burwell, David Marti, Montse Ribe, Ve Neill, Aldo Signoretti, Kazuhiro Tsuji, Bryan Adams, Eric Clapton, The Edge, Michael Giacchino, Suzana Peric, Dean Pitchford, Arthur Cohn, Eric Fellner, Samuel Goldwyn, Charles Roven, Jennifer Todd, Suzanne Todd, Duncan Clark, Therese Curtin, Rob Friedman, Nancy Utley, Jochen Alexander Freydank, Martin McDonagh, Dean Parisot, Signe Baumane, Sharon Calahan, Pete Docter, Chris Landreth, Bill Plympton, Wendy Tilby, Chris Wedge, Karen Baker Landers, Willie Burton, Benjamin Burtt, Anthony Ciccolini, Mary Jo Lang, Virginia Cook-McGown, Dean Zupancic, Eric Brevig, John Frazier, Michele Moen, Mark Stetson, Hoyt Yeatman, Hossein Amini, Judd Apatow, Guillermo Arriaga, Diablo Cody, Geoffrey Fletcher, Christopher Hampton, Robin Swicord, Grover Crisp, Ray Dolby, Sarah Halley Finn, Ron Stein, Beverly Joanna Wood, Peter Dinklage, Jennifer Hudson, Wes Studi, Michelle Williams, Pedro Almodovar, Lisa Cholodenko, Christopher Nolan, John Singleton, Kathleen Bennett, Bono, T Bone Burnett, Pablo Helman, Van Ling, Helena Packer, Lynzee Klingman, Demian Bichir, George Clooney, Jean Dujardin, Gary Oldman, Brad Pitt, Kenneth Branagh, Jonah Hill, Nick Nolte, Christopher Plummer, Max Von Sydow, Glenn Close, Viola Davis, Rooney Mara, Meryl Streep, Michelle Williams, Berenice Bejo, Jessica Chastain, Melissa McCarthy, Janet McTeer, Octavia Spencer, Alain Gognol, Jean-Loup Felicioli, Fernando Trueba, Javier Mariscal, Jennifer Yuh Nelson, Chris Miller, Gore Verbinski, Robert Gould, Stuart Craig, Stephenie McMillan, Dante Ferretti, Francesca Lo Schiavo, Anne Seibel, Helene Dubreuil, Rick Carter, Lee Sandales, Guillaume Schiffman, Jeff Cronenweth, Robert Richardson, Emmanuel Lubezki, Janusz Kaminski, Lisy Christl, Mark Bridges, Sandy Powell, Michael O'Connor, Arianne Phillips, Michel Hazanavicius, Alexander Payne, Martin Scorsese, Woody Allen, Terrence Malick, Danfung Dennis, Mike Lerner, Marhsal Curry, Sam Cullman, Joe Berlinger, Bruce Sinofsky, Wim Wenders, Gian-Piero Ringel, TJ Martin, Dan Lindsay, Richard Middlemas, Robin Fryday, Gail Dolgin, Rebecca Cammisa, Julie Anderson, James Spione, Daniel Junge, Sharmeen Obaid-Chinoy, Lucy Walker, Kira Carstensen, Anne-Sophie Bion, Kevin Tent, Kirk Baxter, Angus Wall, Thelma Schoonmaker, Christopher Tellefesn, Martial Corneville, Lynn Johnston, Matthew Mungle, Nick Dudman, Amanda Knight, Lisa Tomblin, Mark Coulier, J. Roy Helland, John Williams, Ludovic Bource, Howard Shore, Alberto Iglesias, Bret McKenzie, Sergio Mendes, Carlinhos Brown, Siedah Garrett, Thomas Langmann, Jim Burke, Jim Taylor, Scott Rudin, Brunson Green, Chris Columbus, Michael Barnathan, Graham King, Letty Aronson, Stephen Tenenbaum, Michael De Luca, Rachael Horovitz, Kathleen Kennedy, Patrick Doyon, William Joyce, Brandon Oldenburg, Enrico Casarosa, Grant Orchard, Sue Goffe, Amanda Forbis, Wendy Tilby, Peter McDonald, Eimear O'Kane, Max Zahle, Stefan Gieren, Terry George, Oorlagh George, Andrew Bowler, Gigi Causey, Hallvar Witzo, Lon Bender, Victor Ray Ennis, Ren Kylce, Philip Stockton, Eugene Gearty, Ethan Van der Ryn, Erik Aadahl, Richard Hymns, Gary Rydstrom, David Parker, Michael Semanick, Ren Klyce, Bo Persson, Tom Fleischman, John Midgley, Deb Adair, Ron Bochar, David Giammarco, Ed Novick, Greg Russell, Gary Summers, Jeffrey Haboush, Peter Devlin, Gary Rydstrom, Andy Nelson, Tom Johnson, Stuart Wilson, Tim Burke, David Vickery, Greg Butler, John Richardson, Rob Legato, Joss Williams, Ben Grossman, Alex Henning, Erik Nash, John Rosengrant, Dan Taylor, Swen Gillberg, Joe Letteri, Dan Lemmon, R. Christopher White, Daniel Barrett, Scott Farrar, Scott Benza, Matthew Butler, John Frazier, Nat Faxon, Jim Rash, John Logan, Grant Heslov, Beau Willimon, Steven Zaillian, Aaron Sorkin, Stan Chervin, Bridget O'Connor, Peter Straughan, Annie Mumolo, Kristin Wiig, J.C. Chandor, Asghar Farhadi

Hawk Koch was named President of the Academy of Motion Pictures Arts & Sciences today.

Like his aggressive name suggests, this is a bold choice from an extremely bold organization.

To have the balls to choose the old media film producer son of an old media Hollywood mogul is the kind of cutting edge change necessary to keep AMPAS relevant.

I have a feeling this is going to be one of the greatest years in the history of the Academy.

Here’s what we can expect:

There will be a double-digit increase in cocktail parties under Mr. Koch’s reign.

The words “digital transition” and “Netflix” will be officially banned from Academy headquarters.

$100 million will be raised for the AMPAS Museum (from various cocktail parties and galas to honor other old media executives) which will be a great gathering place for old media types to have cocktails and watch newly-restored prints of “Citizen Kane.”

Don Rickles (because Henny Youngman is dead) will be approached to host the Oscars. “Hey, he’s still funny! And the 18-49s love him!”

… and on and on.

Very exciting stuff.

Glad to see the giant vacuum bubble that was put in place over Beverly Hills in order to keep fresh ideas out is still secure.

Jill Kennedy – OnMedea

P.S. – Now I can see why my boss, Khan Manka, Jr., has such a problem with the organization.

December 15, 2011December 15, 2011

The Hollywood Foreign Press Has Done It Again!

Ahmed Lateef, Aida Takla-O'Reilly, Alena Prime, Alessandra Venezia, Alexander Nevsky, Ali Sar, Ana Maria Bahiana, Andre Guimond, Aniko Navai, Anita Baum, Anke Hofmann, Ari Emanuel, Armando Gallo, Aud Berggren Morisse, Avik Gilboa, Ben Silverman, Cameron Diaz, Cher, Dagmar Dunlevy, Dierk Sindermann, Edmund Brettschneider, Elisa Leonelli, Elisabeth Sereda, Elmar Biebl, Emanuel Levy, Erkki "Erik" Kanto, Ersi Danou, Frances Schoenberger, Frank Rousseau, Gabriel Lerman, Gabrielle Donnelly, George Doss, Gilda Baum-Lappe, Golden Globes, H.J. Park, Hans J. Spurkel, Harvey Weinstein, Helen Hoehne, Helena Mar-Elia, Helmut Voss, Herve Tropea, Hollywood Foreign Press members, Howard Lucraft, Isabelle Caron, Jack Tewksbury, Janet R. Nepales, Jean E. Cummings, Jean-Paul Chaillet, Jenny Cooney Carrillo, Jerry Watson, Jill Kennedy, John Hiscock, Jorge Camara, Judy Solomon, Juliette Michaud, Karen Martin, Khan Manka, Kleo Lee, Lawrie Masterson, Lilly Lui, Lisa Lu, Lorenzo Soria, Luca Celada, Lynn M. Tso, Magnus Sundholm, Mahfouz Doss, Manka Bros., Margaret Gardiner, Maria Snoeys-Lagler, Mario Amaya, Marlene von Arx, Maureen Dragone, Max B. Miller, Meher Tatna, Mike Goodridge, Mira Panajotovic, Mohammed Rouda, Munawar Hosain, Nellee A. Holmes, Noel de Souza, Noemia Young, OnMedea, Paolua Abou-Jaoude, Patrica Danaher, Patrick Roth, Paz Mata, Philip Berk, Ramzi Malouki, Ray Arco, Ricky Gervais, Ricky van Veen, Rocio Ayuso, Ruben V. Nepales, Rui Henriques Coimbra, Scarlett Johansson, Scott Orlin, Serge Rakhlin, Silvia Bizio, The Tourist, Theo Kingma, Vera Anderson, Yenny Nun-Katz, Yoko Narita, Yola Czaderska-Hayek, Yoram Kahana, Yukiko Nakajima

OK, just admit it guys, you love movie stars and only nominate hot people you would like to ‘go to disco’ with.

I mean, I sort of know where you’re coming from – “The Ides Of March” sucked but, of course, I would rather sit at “The Ides Of March” table with George Clooney than the “Like Crazy” table with the ‘no names’ who would have sat at that table – but come on!

The Hollywood Foreign Press has become more and more of a joke every year (OK, maybe not the Pia Zadora year).

You must LIKE to be hated otherwise you wouldn’t have invited Ricky Gervais back to (hopefully) rip you to shreds again.

Please Ricky – go for a lifetime ban!

You must realize you have zero credibility in the industry. Stars, agents and executives laugh at you. Stars only go to the ceremony because stars like to go out and have free drinks and stars like to win awards. That’s just the nature of the beast – those people need to feel loved. And you’re always more than happy to oblige.

The problem is, it’s just way too obvious that you don’t want any ugly people to be invited to The Golden Globes.

You just have a mental block – like the inability to quit smoking. You just can’t do it.

If a hot chick or guy can sort of speak (and even that may not be a prerequisite – look at “The Artist”), they have a chance to get nominated for a Golden Globe.

And, once again, not one film or television show from Manka Bros. Studios gets a nod. Ever since Khan Manka, Jr. vowed to destroy your little group (and refused to pay your shake-down bribes – sorry, ten cartons of cigarettes and a case of Diddy’s vodka was just too much to pay), you have had it in for the world’s largest media company – and have never been able to see past that and judge the work on its own merit.

It’s truly disgraceful.

But there is a slight positive here – both Cameron Diaz and Scarlett Johansson were in movies this year, but you made the very difficult (I’m sure) decision not to nominate them (especially now that Scarlett is single and you all probably think you have a chance).

I’m sure there were fights and discussions to expand the categories when you couldn’t squeeze them in (but that’s why we have presenters, right?).

Deep down, I love you guys. I mean, who can resist all that hair and horrible perfume? I just wish you made more of an effort to try and fool us into believing your were a legitimate organization.

But that takes away some of the fun, doesn’t it?

Hopefully, the Academy doesn’t pay too much attention.

Jill Kennedy – OnMedea

April 16, 2010October 10, 2017

Bob Iger Finishes Off The Weinstein Brothers

Alan Braverman, Andrew Mooney, Andy Bird, Anne Sweeney, Aylwin Lewis, Bob Iger, Bob Weinstein, Brent Woodford, Christine McCarthy, Fred Langhammer, George Bodenheimer, Harvey Weinstein, Jay Rasulo, Jayne Parker, John Bryson, John Chen, John Pepper, Jr., Judith Estrin, Kevin Mayer, Khan Manka, Lee Solomon, Manka Bros., Michael Eisner, Miramax, Monica Lozano, Orin Smith, Preston Padden, Rich Ross, Robert Matschullat, Ron Burkle, Ronald Iden, Sheryl Sandberg, Steve Jobs, Steve Wadsworth, Susan Arnold, The Weinstein Company, Thomas Staggs, Tina Brown, Walter Liss, World's Largest Media Company, Zenia Mucha

By selling Miramax back to the Weinstein Brothers (that would be Harvey and Bob) and (ahem) Lord Ron Burkle (he who has single-handedly created thousands of jobs in the prostitution and supermarket industries), Disney Chief Bob Iger has effectively given the coup de grace to Harvey and Bob thus ending their 30+ year run in show business.

But, you say, they’ll be running Miramax, picking up awesome Kevin Smith and Ben Affleck movies that the big studios don’t want to make?

Right?

They’re still in the business.

Sorry. Miramax will out of business in five years.

In 2013, a fire sale of the library will be hastily arranged by GoldmanSachsBankOfAmericaJPMorganCiti (a division of Lending Tree) and the price will be less that $200 million.

I suppose the deal allows the total prick and predator Harvey and his brother Bob the chance to die with dignity and go down in flames with the company they started (the name combines their parent’s first names “Miriam” and “Max”) – but I think a real friend (which obviously Bob Iger isn’t) would have said to stay far away from this horribly overpriced mess of fragmented film rights that have very little resale / remake value left in them.

I suppose that’s why Bob Iger is the current toast of the town and Harvey and Bob are just toast. (Texas Toast if you believe this blog.) Karma’s a bitch.

If the new post-Disney Miramax is run as efficiently as The Weinstein Company, Ron Burkle’s $3.5 billion net worth should be exhausted within 10 or 15 years (though I’m sure he’ll pull the plug once $1 billion is gone and save the rest to solve the growing hooker unemployment problem that has ravaged this country.

(At this point, Ron could probably just trade sex for food – which he probably could arrange to get from his former Ralph’s and Food4Less stores. I would hope he would offer food from Ralph’s so the poor girls don’t have to bag their own groceries at Food4Less).

But enough about Ron Burkle’s (alleged) shenanigans mentioned above, this is about Harvey and Bob – two guys who changed the film distribution industry by taking on the big guys with small movies (and many times winning). But the greedy, creepy bastards sold off the dream for $80 million to Disney and now, the even greedier bastards, want it back for $600 million.

The classic example of throwing good money (well, Ron Burkle’s money) after bad.

Jill Kennedy – OnMedea