Here’s another quick glimpse of the advertising market, courtesy of Viacom. The cable giant says ad sales are still down, but that the rate of decline is slowing. And in the fall of 2009, that constitutes pretty good news.
Digital music entrepreneurs Dave Goldberg and Bob Roback, who built up Launch Media in the 1990s and ran Yahoo’s music group for much of this decade, are trying their hands at tunes again.
This time, though, they’re not trying to convince consumers to pay for music or asking advertisers to subsidize it. Instead, they’re trying to act as a middleman between labels and publishers who own music and advertisers, Hollywood and other folks who want to use the tunes for commercial purposes.
Vevo, the music industry’s version of Hulu, now has its own version of Providence Equity, the outside investor that took a flyer on the Web TV and movie joint venture: Abu Dhabi Media Company has purchased a stake in the company from owners Universal Music and Sony. No financials released, though I’m told the deal values the JV at $300 million.
Yet more–a lot of ink–on Nikki Finke, Hollywood’s best-read and most feared blogger.
What does Finke think? “Amusing.” Meanwhile, what about Finke’s plans to hire a New York correspondent?
Does Google need a Hollywood guide? It may be getting one: Jim Wiatt, the former head of the fabled William Morris talent agency, has been talking to the company about a consulting gig for its YouTube video site.
Wiatt, who is leaving his old job in the aftermath of his agency’s highly contentious merger with the Endeavor agency, discussed the idea with Google and YouTube executives in Mountain View last week, multiple sources said.
A proposed deal to buy The Pirate Bay and turn it legit, which never made sense in the first place, now looks all but dead. The Swedish software/Internet cafe company that’s supposed to buy the file-sharing haven for $8 million now says investors that were supposed to finance the deal have disappeared. And it says this is the fault of the U.S. media, which supposedly spooked said investors. Sorry!
Earlier this summer, Twitter was blamed for torpedoing movies like “Bruno” and “Funny Business.” Now the micromessaging service is being heralded for giving Quentin Tarantino’s “Inglourious Basterds” a big boost. Actual evidence that Twitter has any effect at all on box office revenue is scant at best. But this is a story Hollywood is going to love anyway.
Got a couple hours to kill? Want to enjoy a pleasant blast from the past? Head over to YouTube and check out “Ghostbusters,” which is running at its full length on Google’s video site and is prominently displayed on its homepage. YouTube’s not-so-subtle message: We’re more than just skateboarding cat videos!
So now that the RealNetworks attempt to get into the movie-copying business has been rebuffed by a federal court once again, I’ve got a question: Why, exactly does RealNetworks want to be in the movie-copying business?
You can hear the head-scratching going on at movie studios and music labels across the world: What just happened to The Pirate Bay? Reports out of Sweden are murky at best. But supposedly, a Scandinavian software outfit is buying the world’s most notorious file-sharing site for about $8 million and will create a service that pays copyright owners when people download their work. But let’s be honest: That’s never going to happen.
The Nikki Finke auction is over, and the winner is…Mail.com. Jay Penske’s Mail.com Media Corporation, which owns the Mail.com email service and a small portfolio of Web sites, has acquired the blogger, whose Deadline Hollywood Daily is a must-read for Hollywood.
A new series of reports argues that billionaire David Geffen doesn’t want to make money by investing in the New York Times–he wants to save it. Fair enough. But how exactly does he plan to do that?
Late last year, the music industry announced that it was going to stop suing music pirates because it had finally gotten Internet pipe companies to help it crack down on file “sharers.” One problem: None of the big cable or telco guys would fess up to joining the plan. Now AT&T finally has–in a very limited, toe-in-the-water, we’re-just-testing-this-out way.
Why did Blockbuster release some of its fourth-quarter numbers today–two weeks before it was scheduled to do so? Because it wanted to impress investors who freaked out on Tuesday when the company had to swat away rumors that it was headed for Chapter 11. Alas, investors are giving the numbers mixed reviews.
The movie rental business is supposed to be recession-proof. That was true for Netflix, which posted great results at the end of 2008 and said this year would be even better. But that hasn’t panned out for Blockbuster, which is reportedly mulling a Chapter 11 bankruptcy protection filing. No confirmation from the company yet, but investors aren’t waiting around to find out: BBI shares are now less than a quarter a piece.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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