Reid Hoffman – OnMedea

May 26, 2017May 26, 2017

You Haven’t Got It

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, Marvel, Thor, Donald Trump

I’m back. Thank God.

I didn’t blog most of the past year because I was writing a book that I got actual money for (just so you know, blogs don’t really pay) and because I just didn’t have an angle. Not sure I do now but I have to get back at it. It’s a discipline and I need to retrain those muscles.

So… I’m back.

But I’m back in a time when the American media is stuck. Absolutely stuck in the mud with no mule or Ford F-150 to pull us out.

To paraphrase the great film “All The President’s Men” – We haven’t got it.

Just not enough to bring President Trump down.

Don’t get me wrong – of course there is overwhelming evidence to bring down President Trump. Just not enough that sixty percent of Americas will get behind.

We are living in a country that elected a President ONLY because he said he would keep Mexicans out. REPEAT – ONLY BECAUSE HE WOULD KEEP MEXICANS OUT.

It wasn’t about jobs. It was about tax cuts. It wasn’t about NATO or the war on terror.

It was because he said he would build a wall to keep people out of America.

Even the Pope knows this is the only reason he is President. Look at that face.

Many of these same Americans that voted for him will lose their health insurance, will not get any tax break, will not get jobs… they will just get the Mexicans out. And that STILL seems to be okay with them.

We are living in a country that tolerated their ancestors when they came in the country – but have no tolerance for anything else.

But the journalists still need to be smarter.

We all want to have THE SCOOP – THE SMOKING GUN that finally brings him down – but we have to be careful.

Our challenge is – we have to be completely honest. There is no wiggle room for speculation. No wiggle room for unnamed sources.

The Trump White House is using every vague reference as leverage.

But it won’t work forever.

We must only be honest and, based on the absolute truthful facts, this President will be brought to his knees and he will resign.

Not impeached because there are no real “give me liberty or give me death” Americans on the Republican side – but he will be forced to resign because… there will be no other choice.

But right now, in a world where a candidate for congress can assault a reporter and still win, when most in the media are so horrified by this President’s lack of ability or respect for the job and only wants to get one of these overwhelmingly impeachable charges to stick… we haven’t got it.

Jill Kennedy – OnMedea

January 5, 2016September 6, 2024

If CES Were Held In Fresno, No One Would Go

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

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

July 15, 2014July 17, 2014

Another Genius Move By Marvel

And that is not sarcastic.

Today, on “The View“ it was announced that the Marvel character “Thor” will now be a woman in the comic books.

This is NOT the real God that people actually worshiped a thousand years ago or so (Manka Bros. is a producing an event series based on his life).

This doesn’t necessarily mean that the movie character of Thor will change to a woman – but it is an absolutely genius move on Marvel’s part being that it was announced one week before Comic-Con.

Marvel now has stolen a bit of thunder from others who are seeking publicity. This will be the number one subject discussed (most likely in a negative way based on early message boards posts I’ve read).

DC Comics will now have to answer questions about which characters they may change to a woman – or what do they think of Marvel’s move. It’s just a no win for them as they get things rolling with several comic book properties that are about to launch (5 TV shows in the fall).

The Internet is already blowing up with this story and it’s all pretty silly.

The only people who should actually care if Thor is a male or female are those who still worship the Norse Gods (and you gotta love those Norse Pagans hanging on to a dream) as their Gods. In the actual religion, Thor is most likely a guy.

In a comic book, you could even change the gender of Jesus and Mohammed and no one should care.

IT’S A COMIC BOOK!

(Though I would probably hesitate to do that Mohammed if I were a publisher who wanted to stay alive.)

So, congratulations Marvel.

For better or worse, you own Comic-Con 2014.

Jill Kennedy – OnMedea

P.S. – And now you’ve announced that “Captain America” will be black – another master stroke!

May 6, 2014July 1, 2014

The Twilight Of The Katzenberg

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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

March 10, 2014March 10, 2014

The Verisimilitude Of Sarah Palin

Even though Sarah Palin probably doesn’t know what “verisimilitude” means – she knows exactly what it is because she is the living embodiment of the word.

Sarah Palin is living (and profiting) from the character of Sarah Palin that has been created for her by the various puppet masters in her life even though, deep down, the actual Sarah Palin could give a shit what the character Sarah Palin actually says.

The real Sarah Palin just wants to look good and have nice stuff.

And there is nothing wrong with that – unless, of course, because you are faking this hate-filled persona to get nice stuff you actually hurt real people.

Everyone knows Sarah Palin isn’t bright enough to be a force on the Right.

As much as I dislike the Tea Party and hard core Conservatives, they are not stupid people.

Sarah Palin is a stupid person. Full stop.

And I don’t say that to be mean. No female, outside of models and actresses, has done so much with so little brains as Sarah Palin.

She is living the American Dream for those with low IQs.

If you are an attractive, photogenic person and choose a polarizing political view, you can go far in this country – and she has proven that thesis correct.

The idiots at CPAC even gave her a standing ovation for her inane 3rd grade quality rewrite of “Green Eggs And Ham” slamming the Affordable Care Act.

If only that were the real Sarah Palin.

Deep down, I believe the real Sarah Palin doesn’t care much about anything.

I don’t believe she gives a rat’s ass about gay marriage. She would never admit it because that would destroy the fake Sarah Palin, but I can tell she doesn’t care if a man marries a man or a woman marries a woman.

She doesn’t live in a world where she has to give it much thought.

The same goes for immigration reform, Obamacare – she just doesn’t care about these things because she doesn’t have deep thoughts.

She wants to be famous. That’s it. And it has been working for over 10 years.

People love Sarah Palin and people hate Sarah Palin – but no one hates Sarah Palin as much as the real Sarah Palin – because she is living a lie.

Or maybe she’s not even smart enough to know that.

Jill Kennedy – OnMedea

January 6, 2014January 22, 2014

Only Tech Reporters Care About CES

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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

October 9, 2013October 10, 2013

CBS Cancels ‘We Are Men’

Really sad.

The people who created this show really thought they had another “Friends.”

Oh, well.

Next time – be more funny – and stop trying to write for the idiots who you believe are not as smart as you.

Chin up, maybe Basic Cable or Netflix is ready for your groundbreaking style.

Gone are the dreams and dancing.

Jill Kennedy – OnMedea

P.S. – If you’re wondering what’s up with this bullshit post – read this.

October 9, 2013

Journalism Is Dead

If other blogs didn’t steal my stuff years ago, I would have said R.I.P. Journalism – but “R.I.P.” as a way of saying a something is dead is also dead.

So, what do I mean by “Journalism Is Dead?”

Very simple. Journalism is dead. I’ll prove it.

The online media “information” space has been taken over by the Press Release. Companies issue press releases or send emails to blogs like Deadline.com or TechCrunch and that becomes the news of the day. No one is actually out in the field unless you consider a guy with a camera in the face of a drunken celebrity at TMZ real journalism.

Very few – VERY FEW – are actually digging up stories, creating news – trying to right the wrongs. It’s all controlled by someone other than journalists.

So here’s my experiment…

I didn’t really write over the summer because I was working on a book – so my numbers were pretty terrible on this blog. I was doing pretty well when I was constantly writing about how Facebook sucks. But now it’s terrible.

Last month I had very few eyeballs on this site because I really wasn’t around and only posted one time. Pretty sad.

In September 2013 – OnMedea had 1,167 hits. A real low for the site – but my own fault. In October, I am at 574 hits for the month – mostly because of the old Sean Hannity story – but really terrible.

Now I’m mostly going to do what others “media” blogs do for the rest of the month (Press Releases, hearsay, etc. – with my own little comments here and there) – whatever takes the LEAST amount of time – and give updates on how my numbers change.

Should be an interesting experiment.

Jill Kennedy – OnMedea