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Nov 4
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Know More:
Music Industry, Music Industry News, Show Business Statistics, State of Hollywood, Statistics" Hispanic Market, Music Industry, Music Industry News, Radio, Show Business Statistics, State of Hollywood, Statistics, Univision
Univision Communications announced on Thursday that third-quarter net revenues increased by 7.8 percent to $536 million.
The media company, which is the largest U.S. Spanish-language broadcaster, had a strong ad market and a huge increase from their exclusive coverage of the World Cup soccer tournament.
Revenue from soccer alone added an estimated $24.7 million for the quarter ending Sept. 30.
Overall revenue for the TV business surged 14.8 percent to $394.2 million and operating income increased 23.3 percent to $159.6 million.
Variety reported that Univision TV beat ABC, CBS, NBC or Fox on four out of every five nights among adults 18-34 in primetime. Their radio division Univision Radio also grew strongly increasing 6.5 percent to $103 million.
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Caught in the middle of a battle between networks and ad agencies, Nielsen has decided to postpone its introduction of a new system that they say will more accurately measure TV and DVR viewership. The new service was set to...
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Nov 3
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General Electric (GE) CEO Jeffrey Immelt threw out a bomb at a private company employee meeting of NBC Universal saying that the analog TV business will no longer be able to sustain past growth. Referring to any TV studio in...
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Nov 1
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Harold Reynolds, a former ESPN baseball analyst, has sued the network for a minimum of $5 million Tuesday, alleging that being fired for hugging a female intern was wrong. He called it a "brief and innocuous" hug. He was fired...
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Oct29
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Tim Bevan and Eric Fellner are showing Hollywood how the business needs to be run. While not household names, especially in the U.S. (they operate out of London), they have had a string of critical and financial successes based upon...
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Time Warner (TWX) shares hit a four-year high on Friday as they broke the $20 mark for a a short time. It finally settled in at $19.99 for the session. It was the first time since 2002 that it broke...
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Oct28
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Michael Smith, who founded the nonprofit American Indian Film Festival in Seattle in 1975, said concerning the entertainment industry and its relationship to American Indians: "It used to be if you were dealing with homelessness or alcoholism, you might get...
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Oct27
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Losing total connection with a huge portion of the movie-going audience, Hollywood now faces the moment of decision concerning whether they will ever make a rebound. Edward B. Driscoll Jr. has a great article talking about the history that has...
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Oct26
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Choosing to offer something different for their TV viewers, NBC has decided to put a whole night of comedy on their Thursday prime-time lineup. "We are excited about the prospect of two-hours of top-notch comedy on Thursday nights, which includes...
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Oct23
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Saying that the film industry is guilty of “euthanasia,” in reference to dropping films that aren't instantaneous hits, Dustin Hoffman slammed them for their short-term thinking. “If the film doesn’t make money over that first weekend of its release, they...
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Oct22
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The Katie Couric experiment is already turning into a disaster for CBS (CBS). While everyone knew that the "curiosity" numbers would be huge the first week she was on, they also knew that the following period of time would tell...
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Oct21
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As part of a settlement with NY Attorney General Elliot Spitzer concerning illegal pay-for-play practices, CBS Radio will make a payment of $2 million to New York charities. CBS (CBS) has admitted that some of its employees had "engaged in...
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Oct19
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There is one thing, if you're part of the General Electric (GE) family of companies, that is demanded by the parent: You're expected to be No. 1 or No. 2 in your competitive category. With NBC currently in 4th place...
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Oct18
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With less than a year at the helm of Viacom Inc. (VIA), CEO Tom Freston is going to receive a pay package worth 84.8 million. Bloomberg reports: "Freston, who spent more than 20 years at Viacom, will receive $58.9 million...
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Oct17
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Using the "telenovela" soap-opera that is so popular with Spanish-language TV audiences, News Corp.'s (NWS) My Network TV has had a much slower start than they anticipated. What's puzzling is that Bob Cook, president of Twentieth Television and one of...
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Oct16
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Martin Scorsese evidently doesn't like the increasing restrictions that Hollywood and its investors are imposing upon the industry. The director is saying it's getting harder to work on the larger productions because the movie studios are restricting his creativity. Scorsese...
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Oct15
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With the disastrous litigating of Napster almost out of existence, big music companies learnt that in spite of their actions, it had no effect upon the online web piracy. As one music executive said, “If we had licensed Napster we...
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Oct10
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With the curiosity factor and huge marketing push, Katie Couric couldn't go anywhere but down from her initial start at the CBS news desk when she pulled in 13.6 million viewers. As of last week, her ratings have dived to...
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Oct 9
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Hollywood is increasingly using one old technique that industries that can no longer compete do: they get laws passed to stifle the competition. In this case I'm talking about TiVo's (TIVO) new Series3 HD model. It does have one strength...
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Oct 8
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With a huge marketing push, Martin Scorsese's "The Departed" came in first place for the weekend box office; his first film to open at No. 1 in 15 years. It opened in 3017 theaters and took in an estimated $27...
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