Chase Carey – Page 4

January 22, 2010April 7, 2011

CBS Films’ Big Test

CBS Films – that scrappy upstart with the name that screams ‘OLD MEDIA’ (“Films”, really? Can you even buy film stock anymore? The world is going digital, CBS) – hits the ground running today with its first release, “Extraordinary Measures” starring Harrison Ford and Brendan Fraser.

Most start-up production companies don’t have Harrison Ford in their first movie. Most start-up production companies have the guy or girl that’s holding the boom pole also act in a major role and provide their own food and wardrobe. But most start-up production companies aren’t called “CBS FILMS”.

Why is there a CBS Films? It seems that Viacom (before Sumner Redstone’s idiotic decision to split the company in half – thus creating this problem in the first place) has a very nice movie production company called Paramount Pictures. They also made a couple of Harrison Ford movies. I remember he played a guy named Indiana Jones for them.

You see, I think it’s ridiculous CBS Films had to be formed. It’s not going to last (sorry, Les). New movie companies just don’t make it – even backed by a large media company like CBS. Yes, go ahead and scream all you want about Summit Entertainment and their success – but after they release two more teen-angst vampire movies – they’re done.

I understand Les Moonves’ desire to run a completely vertical entertainment conglomerate. But it’s no longer 1995. The media landscape has changed. The glorious gatekeeper days are over. Ask Harvey Weinstein how hard it is to build an empire from scratch (but you may have to buy him lunch to ask that question. Dude is totally broke).

Look, I work for The World’s Largest Media Company – Manka Bros. – and they have five movie labels and all of them suck. Sorry, Khan (my boss, Khan Manka, Jr.). And they’ve been doing it for 90 years.

Even though “Extraordinary Measures” looks like the kind of movie that would give me a really good cry on a Saturday night at home – WHILE WATCHING THE HALLMARK CHANNEL – I’m sort of rooting against this one to succeed.

You see, I want CBS to buy (or wrest away) Paramount Pictures from Viacom and then immediately close CBS Films. I want News Corporation to buy all the cable channels and other assets from Viacom.

Then I want Viacom and Sumner Redstone to go away… forever. (I realize Sumner will still be Chairman of CBS – but Chairman can be overthrown – ask Steve Case – even if it’s an old coot that’s never going to die.)

So, good luck CBS Films. It’s a tall mountain to climb. I’m thinking “Extraordinary Measures” will pull down between $10-15 million this weekend. Whether that is good enough to call the first release a success… we’ll just have to find out. Less than $10 million and there will be quite a few worried CBS Films execs on Monday morning.

Jill Kennedy – OnMedea

December 10, 2009April 19, 2011

Should News Corp Buy Viacom

Adam Townsend, Alan Greenberg, Angeline Straka, Anthea Disney, Anthony G. Ambrosio, Ari Emanuel, Arnold Kopelson, Beryl Cook, Blythe McGarvie, Brad Grey, Bruce Gordon, Carl Folta, Charles Gifford, Charles Phillips, Chase Carey, David Devoe, David Poltrack, David R. Angelman, Debra Lee, DeDe Lea, Denise White, Doug Morris, Fred Salerno, Gary Countryman, Gary Ginsberg, Genie Gavenchak, George Abrams, Gil Schwartz, Jack Horner, James Barge, James Bombassei, James Murdoch, Jeff Weiner, Jill Kennedy, John Nallen, Joseph Califano, Joseph Ianniello, Jr., Jr. Frederic Salerno, Judy McGrath, Julie Henderson, Kara Swisher, Khan Manka, Lawrence Jacobs, Leonard Goldberg, Les Moonves, Linda Griego, Louis Briskman, Manka Bros., Martin Franks, Michael Fricklas, Michael Regan, Nikki Finke, OnMedea, Philippe Dauman, Reed Nolte, Richard M. Jones, Robert Kraft, Roger Ailes, Rupert Murdoch, Shari Redstone, Sharon Waxman, Sumner Redstone, Terry Semel, thewrap.com, Thomas Dooley, Tom Mockridge, Tony Santabarbara, Wade Davis, William Cohen, William Schwartz

YES!

But only Viacom’s cable networks and digital assets. CBS (not wanting to leave the cocoon of Old Media) should buy Viacom’s Paramount Pictures.

Is there any chance in hell this could actually happen? Could Rupert Murdoch pull off an acquisition of that magnitude?

No fucking way. Not while old man Redstone continues to draw a breath.

So, yes, it’s most likely a non-starter. But even in a fantasy scenario, wouldn’t it be great to finally get rid of Viacom and Redstone? Both are simply a mess and completely unnecessary.

[Note: I realize Sumner Redstone is Chairman of the Board and majority stockholder of CBS, but Les Moonves is the much more appealing face of that company, not Sumner. Sumner is the face of Viacom… and the media world has had enough.]

Imagine News Corp (which has the weakest portfolio of cable assets save Fox News, FX and those regional sports thingies) with Viacom’s cable channels: MTV, Nickelodeon, Comedy Central, TV Land, VH1, etc. etc.

This would immediately fill all News Corp’s demographic needs and, in the digital channel universe, put them on par with Time Warner, Disney and, in late 2010, Comcast.

Viacom was never going to be on par with anyone as long as Sumner is around (even with those assets)… so it’s time to shut it down.

As for CBS and their acquisition of Paramount Pictures… they, obviously, just want to be an old media company and ride that peaceful, easy feeling all the way into the grave. Buying Paramount Pictures (and, hey, why not MGM while they’re at it!) would help realize that mid-1990s-vertical-alignment-synergy-world they are striving for. And based on Comcast’s purchase of NBCU (which valued Universal Studios at less than $3 billion), Paramount, with its much smaller film and television library, can be picked up at quite a fire sale bargain. (Wait two years and it will be even more of a bargain!)

Also, this would give CBS the opportunity to shut down the ridiculous CBS Films vanity project before it becomes a further embarrassment.

So, think about it people. A deal like this would really be a win-win-win for everyone… and help us to get rid of (at least a part of) Sumner Redstone once and for all.

Jill Kennedy – OnMedea

November 9, 2009April 22, 2011

Attention FoxPop and All Other Home Entertainment Groups

STOP DOING SHIT! Just stop it. People have already lost their ability to focus on any one particular thing and you want to “FoxPopize” your movies?

Let me explain. 20th Century Fox (that name is truly fitting in this case) is debuting a new service called FoxPop on the upcoming Blu-ray and DVD release of “Night At The Museum: Battle of the Smithsonian”. While a viewer is watching this horrible film, FoxPop will send out “a constant barrage of facts, photos, games and trivia questions related to the movie” to the user’s Mac, PC or iPhone.

Who gives a fucking shit?!

Do the execs at Fox Home Entertainment really think the consumer’s viewing experience will be enhanced and they will, in turn, embrace and save the dying DVD business by buzzing someone’s iPhone when T.rex appears on screen and asking “how many bones does this dino have?” Most people barely have time to watch one movie a month and you’re trying to waste more of their time!

It’s obvious Fox has quite a bit of extra money lying around to be able to attempt this lame exercise. But I beg you… please stop with all the bullshit and put your money where it really needs to go: Digital downloading technology, consumer education about digital downloading and digital downloading implementation.

That’s the future – not a zapping an iPhone to tell us how many hair follicles Ben Stiller has on his head.

Jill Kennedy – OnMedea