Technology – OnMedea

January 5, 2016January 5, 2016

If CES Were Held In Fresno, No One Would Go

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

I think Tech reporters really only care about CES because it is in Las Vegas.

If the show were held in a place like Fresno or Akron does anyone really believe reporters would trek from all over the world to see LG’s new roll-up screen?

Of course not.

Here’s the way it plays out every year in Vegas:

Nearly every major online publication (and print for that matter) send at least one reporter (and some send teams) to Las Vegas for the Consumer Electronic Show (CES) – and no one, except those reporters, actually cares what comes out of the show.

These writers start off strong with elaborate write-ups before they get to Las Vegas of “What To Expect From CES This Year!” or “The 10 Must-Sees @CES!”

– then they go to Vegas

– they do a decent write up of Day 1 and feign interest in a couple of redundant panels that reveal little

– then they party hard the first night because they have been so focused on the build up of CES that they just want to unwind

– and then they write a lackluster Day 2 report (because they are hungover)

– party some more

– and then sort of disappear until it’s time to drag themselves home.

Because it’s not about “new technology” (the gadgets are really just variations on themes from the past 10 years), it’s about “Vegas” and being able to get drunk on the company dime.

The same goes for the legions of companies that attempt to break new products and show off their brilliant innovations.

It’s a snow job – everyone is reprinting the same press release and then heading to dinners and cocktail parties to talk about the press release.

99.99% of the world’s population really don’t care to read about a $150,000 8K television, or a self-driving car or wearable tech – they might buy it once it hits the market if the products are good – but to read about it from hundreds of tech reporters and bloggers? Not so much.

But 99.99% do care about Vegas. Just write about your debauchery (like this CEO from last year – CES After Dark) and forget the gadgets.

No one cares.

Jill Kennedy – 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

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

January 6, 2014January 22, 2014

Only Tech Reporters Care About CES

Ari Emanuel, Ben Silverman, Bob's Big Boy Burbank, Electus, Fred Willard, Jeff Weiner, Jeff Zucker, Jill Kennedy, kara swisher, Khan Manka, Les Moonves, Manka Bros., Melinda the first lady of magic, nikki finke, Nokia Theater, OnMedea, Philippe Dauman, Rupert Murdoch, sharon waxman, Sherry Lansing, Sumner Redstone, Taylor Swift, Terry Semel, The black Eyed Peas, thewrap.com, Viacom's Holiday party, Accel Partners, Alan Eustace, Allen Blue, Ann Mather, Arvind Rajan, Ben Silverman, Bob Iger, Bret Taylor, Chamath Palihapitiya, Chris Hughes, Christopher Cox, Dan Rose, David Drummond, David Ebersman, David Fischer, David Henke, David Kirkpatrick, David Sze, Deep Nishar, Dustin Moskovitz, Eduardo Saverin, Ellen Levy, Elliot Schrage, Emilie Choi, Eric Schmidt, Erika Rottenberg, Gerald Levin, Greylock Partners, HBO, Jean-Luc Vaillant, Jeff Bewkes, Jeff Weiner, Jeff Zucker, Jill Kennedy, Jim Breyer, Joanna Shields, John Doerr, John Hennessy, Jon Miller, Jonathan Heiliger, Jonathan Rosenberg, Justin Aselage, Katrina Hau, Kevin Eyres, Khan Manka, Li Ka-shing, Lori Goler, Manka Bros., Marc Andreessen, Mark Cuban, Mark Zuckerberg, Matt Cohler, Mike Gamson, Mike Murphy, Mike Schroepfer, MySpace, Nicolas Carlson, Nikesh Arora, OnMedea, Owen Van Natta, Patrick Crane, Patrick Pichette, Paul Buchheit, Paul Madera, Paul Otellini, Peter Thiel, Ram Shriram, Reid Hoffman, Robby Kwok, Rupert Murdoch, Sergey Brin, Sheryl Sandberg, Shirley Tilghman, Shona Brown, Steve Cadigan, Steve Patrizi, Steve Sordello, Sumner Redstone, Ted Ullyot, Tony DiSanto, Toy Story 3, CES

Nearly every major online publication (and print for that matter) are sending at least one reporter to Las Vegas for the Consumer Electronic Show (CES) – and no one, except those reporters, actually cares what comes out of the show.

It’s all the same – year after year.

Reporters write up an elaborate post about “What to expect from CES this year!” –

– then they go to Vegas

– they do a decent write up of Day 1

– then they party hard the first night because they have been so focused on the build up of CES that they just want to unwind

– and then they write a lackluster Day 2 report (because they are hungover)

– party some more

– and then sort of disappear until it’s time to drag themselves home.

Believe me, if CES were held in Fresno, even the Tech reporters wouldn’t show up.

Because it’s not about “new technology” (the gadgets are really just variations on themes from the past 10 years), it’s about “Vegas” and being able to get drunk on the company dime.

The same goes for the legions of companies that attempt to break new products and show off their brilliant innovations.

It’s a snow job – everyone is reprinting the same press release and then heading to dinners and cocktail parties to talk about the press release.

99.99% of the world’s population really don’t care to read about a $150,000 4K television, or a self-driving car or wearable tech – they might buy it once it hits the market if the products are good – but to read about it from hundreds of tech reporters and bloggers? Not so much.

But 99.99% do care about Vegas. So just write about your debauchery (like this CEO from last year – CES After Dark) and forget the gadgets.

No one cares.

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 9, 2013January 17, 2014

Lloyd Blankfein Is A Douche

It’s my shortest blog of the year – but I think the point is solid.

Here’s just one of the many reasons from NYMAG.com

Jill Kennedy – OnMedea

September 9, 2013

Marissa Mayer Needs To Get Her Voice Back

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, Carol Bartz, Roy Bostock, Patti Hart, Sue James, Vyomesh Joshi, David Kenny, Arthur Kern, Brad Smith, Gary Wilson, Jerry Yang, Blake Irving, Ross Levinsohn, Rose Tsou, Rich Riley, Tim Morse, Michael J. Callahan, David Dibble, David Filo, Dr. Prabhakar Roghavan, Jeff Russakow, Elisa Steele, David Windley, Scott Thompson

The title is not some abstract reference for reconnecting with a global vision…

She LITERALLY needs to get her voice back.

I’m not sure I can listen to another interview with that raspy, unhealthy voice.

And here’s one of the more recent interviews…

Seriously, Marissa, the company (and your baby) will be just fine if you just don’t talk for a few weeks.

You must rest your voice or you will be talking like Harvey Fierstein before too long.

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