What follows is a roundup of the week’s key news from MediaVillage member companies and trends from the wider media industry. Quarterly financial reports dominated this week’s media news, generating plenty of headlines about cord-cutting, streaming and the future of TV.
AMC Networks CEO Blows Off “Too Much TV” Theory: It’s “A Damn Rich Opportunity”
“There’s as much upside as there is challenge in the current environment,” says CEO Josh Sapan (via The Wrap).
AMC Networks Quarterly Earnings Beat Estimates as “Fear the Walking Dead” Boosts Ad Revenue (via Hollywood Reporter).
CBS Weighs a Bigger Streaming Push
“There is no question, there is going to be a change from the 180-channel universe,” says Les Moonves (via New York Times).
CBS Quarterly Earnings a Mixed Bag (via Hollywood Reporter)
Disney Joins Sony’s Vue Streaming Service
The Walt Disney Co. said it signed a deal with Sony Corp.’s PlayStation Vue streaming video service to carry all of the media powerhouse’s channels, including ESPN and ABC (via WSJ).
Disney call: Excited for “Star Wars,” no panic over ESPN (via Seeking Alpha)
21st Century Fox Registers Strong Cable Growth, But Flat Broadcast
Cable TV networks/programming revenues were up 7.2% to $3.46 billion, broadcast business flat at $1.05 billion, and filmed entertainment down 27.9% to $1.79 billion (via MediaPost).
Networks are Watching You Watching Them
Comcast Corp’s NBCUniversal and Viacom are each opening labs where they will study TV viewers in mock living rooms filled with infrared cameras tracking their biometrics (via Irish Examiner).
WPP wins race for ‘programmatic buying’ agency Essence Digital
Super Bowl 50 Complete Ad Chart: Who's Buying Commercials in the Big Game
Facebook Adds Song Clips from Spotify and Apple Music to Your News Feed
A new post format called Music Stories will let users preview 30 second clips of songs and albums shared to Facebook from Spotify, Apple Music and iTunes (via The Verge).
Facebook Just Surpassed General Electric in Market Value (via Fortune).
Hearst in Talks to Develop Airbnb Magazine
The deal with Hearst would likely be something akin to an O, The Oprah Magazine (via WWD).
Wertlieb Sees Opportunity Ahead For Hearst Television (via TVNewsCheck).
US Deal Sees Rubicon Project Further its OOH interests
IBM Watson is Going to Change How You Think About the Weather
With IBM acquiring the digital assets of The Weather Company for a reported $2.5 billion, it's only a matter of time before the world's most famous supercomputer starts coming up with new insights (via Chicago Tribune).
The Economist’s Anti-Ad Blocker was Hacked, Exposing Users to Malware
The service -- called PageFair, which allows publishers to measure the extent of ad blocking on their sites -- was hacked on Oct. 31 (via Quartz).
Alibaba Acquires Chinese Video Streaming Site Youku Tudou
People on the Move
Comcast Corporation named Francis M. Buono as Senior Vice President of Legal Regulatory Affairs and Senior Deputy General Counsel, and Morgan Stanley’s former Head of Mergers and Acquisitions, Robert L. Eatroff, as Executive Vice President, Global Corporate Development and Strategy.
Corbis this week revealed that it had named Brian Cohee as Chief Technology Officer in June of this year and Greg Isaacs as Senior Vice President of Native and Entertainment in August of this year.
GroupM has promoted Brian Lesser to CEO of its North American operations. Lesser had served as chief executive of GroupM's Xaxis division. Rob Norman, GroupM's chief digital officer, adds the title of North American chairman.
Bloomberg Media has appointed Scott Havens, former senior vice president of digital at Time Inc., as its new global head of digital.
Accounts on the Move
Mindshare to defend Abbott Laboratories in global review
Global review reportedly driven by the desire to cut costs, Abbot spends nearly $150 million annually on U.S. advertising alone (via AdWeek).
BroadwayHD is a new streaming service that lets you watch Broadway theater from the comfort of your own home.
Advertisers’ Three Tech Challenges, According To Videology’s Gaskamp
The upcoming US TV Upfront season will be a test for how far along programmatic video ad sales have come (via BeetTV).
The opinions and points of view expressed in this commentary are exclusively the views of the author and do not necessarily represent the views of MediaVillage/MyersBizNet management or associated bloggers.