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OnMedea: December 2009 Archives

December 2009 Archives


But only Viacom's cable networks and digital assetsCBS (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 SumnerSumner is the face of Viacom... and the media world has had enough.]

newscorp_buys_viacom.jpgImagine 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_small.jpgJill Kennedy - OnMedea

nbc_universal_deal_breakdown.jpgDeep-down, I believe almost everything Kagan puts out is bullshit.  Entertainment industry projections that are almost never right.

However, I had to give pause when I saw this chart regarding Comcast's NBC Universal purchase.  If you're an old media mogul, this chart should scare the living piss out of you (which for Sumner Redstone may be a healthy thing).

What Kagan is saying in this chart (and what I have believed for about a year now) is that Broadcast Networks are deadJUST LOOK AT THOSE VALUATIONS!  $1.7 Billion gets you NBC AND Telemundo.  WTF?  (That price would get you around 30% of USA Network.)

Seriously, there is no purpose for a broadcast network anymore.  It's old media moguls trying to hold on to the old days.  I hate to break to you guys... it's over.   Martinis at The Smoke House and a show with a 40 share is fantastic... but it's over.  Move on.

Steps should taken immediately to convert NBC to a basic cable channel (two revenue streams - come on, Jeff, mmmm - tasty).  Do this and NBC would, overnight, become the most popular cable channel on TV (until CBS converts).

intellectual_property_headstone.jpgWhat this chart says that I completely don't believe (and DON'T WANT to believe) is that Intellectual Property is dead (film and television production and libraries).  That's insane!  Does Kagan seriously think we're heading for a future when content owners are no longer in charge? 

If Disney, Warner Bros., Fox, Paramount, Universal and Sony lose the ability to further exploit, in any meaningful way, their owned, copyrighted, fully-amortized content that they've acquired and produced over the past several decades - these companies are basically worthless.  A declining asset with no chance to recover.

Now, for the sake of my parent company, Manka Bros. Studios - The World's Largest Media Company (thus, the company with the most to lose), I hope Kagan is wrong (like they normally are).  But, if Kagan is right, and we realize a future where studio libraries cost more to manage than they bring in and broadcast networks lose more and more market share to cable networks, who among us are going to survive?

Personally, I remain bullish on content and the future of intellectual propertyHOLD ON TO THOSE COPYRIGHTS, MEDIA COMPANIES! 

A cable channel (even with two revenue streams) is nothing but a pipe into the home.  A convenience, yes.  A necessity, no.  The water, not the pipe, is what sustains life.

jill_kennedy_small.jpgJill Kennedy - OnMedea


Xfinity - R.I.P.

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xfinity_rip.jpgYesterday, I told Comcast to dump Fancast and embrace Hulu

Today, we learn that Comcast has decided to change the name of Fancast to FancastXfinity or just Xfinity.

Horrible name.

No one will use it.

Xfinity is dead.

As I said yesterday to Comcast (and say again today), dump Fancast (Xfinity) and embrace Hulu.  You might as well get some benefit from this disastrous acquisition of NBC Universal.

All other confusing video watching sites owned by Comcast (currently running or in development) must be destroyed.

While on the subject of Comcast NBC Universal, my boss, Khan Manka, Jr., had a truly bizarre conversation with Comcast CEO Brian Roberts last night.  I'm still trying to make sense of it.  Check it out here.

jill_kennedy_small.jpgJill Kennedy - OnMedea
Here's why:

fancast.jpg"OPTION 1:  SWITCH TO ANOTHER BROWSER?"  What is my five-year-old daughter and my 90-year-old grandmother supposed to do with that?! 

When I go to Hulu, I get no prompt that says (in so many words) "MY MACHINE IS NOT GOOD ENOUGH TO FOR THIS WEBSITE!" - it just plays the videos I want to watch.  That's it.  No downloads.  No waiting.  No rebooting. 

hulu.jpgI'm sure Fancast has a lot of good stuff on it, but enough with the "download this player" and "update your browser" and all that crap we have had to endure for the past 10 years.  You've made me feel outdated and behind-the-times for too long.  Now I realize it was all bullshit.

Now that Comcast owns Fancast AND Hulu (1/3 of it), it's time to dump the one that sucks. 

Sorry Fancast.

jill_kennedy_small.jpgJill Kennedy - OnMedea

About Jill Kennedy

Jill Kennedy - Blogger - OnMedea Jill Kennedy is an Ivy League MBA / refugee from Lehman Brothers.

Manka Bros. (and the Manka Business Channel) hired her (for a very low sum) to cover the world of media (not the world of Medea) in her own words without corporate interference.

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About Medea

Medea Medea was a real bitch from classical mythology - as most famously dramatized by Euripides.

She was a sorceress and wife of Jason, whom she assisted in obtaining the Golden Fleece. When Jason deserted her, she chopped up their children. One could say, Medea acted as rationally as a major media company.


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