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Media Beat: November 23, 2020 – FYI Music News

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You gotta laugh to keep from cryin’

Marketers spend half a trillion dollars a year on advertising. You’d think they’d take the time to understand what the hell they’re doing. There is incontrovertible evidence that they are alarmingly out of touch with the people they are trying to influence.

This week Ipsos Canada released a study on behalf of ThinkTV comparing the beliefs of 300 marketing “professionals”  to the self-reported activities of consumers. The results are striking, if not shocking. Using the data from the Ipsos study, I’ve made a little table.

They think they “understand the consumer.” They don’t understand shit.

While 58% of marketers and advertisers have “smart speakers” in their homes, 19% of real people do. While about 45% of adults in the US are over 50, in ad agencies about 6% of employees are. According to the coo of Ipsos, “Some of these differences really are quite gigantic.” – Bob Hoffman, The Ad Contrarian

Rogers’ cutbacks reflect today’s challenges

Rogers Sports & Media has made staff cuts at its radio and television properties, that include the cancellation of Breakfast Television in Calgary and Vancouver, as well as the JACK 96.9 (CJAX-FM) Vancouver morning show, as reported by Broadcast Dialogue.

“We are modernizing our business to position us for growth as we face the continued effects of a seismic shift in the media industry from traditional to digital and the challenges of the global pandemic,” Andrea Goldstein, Senior Director of Communications, told Broadcast Dialogue in an email. “Today’s changes allow us to prioritize our focus in areas where we have the assets and capabilities to deliver best-in-class multiplatform experiences.”

Rogers mulls next steps as US8.4B Cogeco offer expires

Ultimately, family legacy proved more important for Cogeco, said Bloomberg Intelligence analyst John Butler. “If your whole life is wrapped up into a company that you built over the years, and it’s providing more than suitable compensation, why sell?”

For industry watchers, it’s now a waiting game to see if Rogers sells all or part of its Cogeco investment. “We’ll see if we hear about any next steps by Rogers before or with its 4Q reporting in January,” National Bank of Canada analyst Adam Shine said in an email. – Ilya Banares, Bloomberg News

Telefilm funding process under fire

Established producers would much rather the public agency operate like a “cultural bank” for proven successes, with an annual withdrawal limit of $4 million per company. The Fast Track producers believe Telefilm’s role should be restricted to “the administration of funds” while they, not the bureaucrats, decide what gets made.

The problem, critics say, is that the industry’s leaders in Canada are mostly white men who history shows are not predisposed to telling stories that speak to Canada’s diverse audiences or work with BIPOC filmmakers. Hence, why Telefilm is shaking things up. – Radheyan Simonpillai, Now

Bell Media acquisitions 

Castlepoint Numa Inc. says it has sold its minority interest in Pinewood Toronto Studios to majority shareholder Bell Media. Castlepoint invested in Pinewood Toronto in 2009 in the wake of the financial crisis.

Bell Media exercised its right to buy the shares through a right of first offer.

Separately, Bell Media and Grandé Studios have announced a new partnership, Bell Media has acquired a minority investment in the Montréal-based company, which provides production facilities, camera and lighting equipment rentals in Montréal and Toronto, and technical services to the local and international TV and film production industry. Terms of the transaction were not disclosed.

Doug Putman: The Canadian who keeps buying bankrupt chains

The business world has its share of mavericks and contrarians. Then there is Doug Putman. People scoffed when the 36-year-old Hamilton-area entrepreneur bought bankrupt music retailers Sunrise Records, U.K.’s HMV and For Your Entertainment in the U.S., but he has turned them into profitable, growing chains. Now he’s acquired most of the outlets of insolvent DavidsTea and is reinventing them, turning them into … tea shops. Named T. Kettle, the first locations opened in early November. When he’s not busy turning around failing international chains, he works as president of his family’s business, Everest Toys.

You’ve opened a retail chain in the middle of a pandemic. What were you thinking?

I believe timing is everything. You get presented opportunities but nothing is ever perfect. If we weren’t in the situation we’re in, another retailer wouldn’t be pulling out of 150 stores. People say, “Oh, they couldn’t make it, but you can?” But just because one restaurant fails doesn’t mean you shouldn’t open a restaurant. The opportunity is there because someone has left the market and landlords and suppliers are eager to partner. – Joanna Pachner, The Star

What Trump faces on Jan. 20, 2021

As soon as he becomes a private citizen, Trump will be stripped of the legal armour that has protected him from pending cases both civil and criminal.

Here are some of the most perilous cases that await President Trump when he’s no longer president — and here’s how he could yet use the powers of the nation’s highest office to escape punishment… – Tom Winter, NBC News

Can Trump take on Fox News with a rival media outlet?

The easiest option for Mr Trump might be no Trump TV at all. Instead of starting his own venture, Mr Trump could instead host shows on Fox or other existing conservative media outlets. That could be lucrative for the former president and give him a large, influential platform. “He could easily make $40m a year,” said one former senior Fox executive. – Anna Nicolaou & James Fontanella-Khan in New York and Alex Barker in London, Financial Times

Cable News networks immune from FCC sanctions

Viewers asked the Federal Communications Commission to revoke licenses from CNN, Fox News, and MSNBC — except the FCC doesn’t issue licenses to networks. – WFFA TV

BuzzFeed to acquire HuffPost

BuzzFeed is buying HuffPost, the digital media company created by Arianna Huffington, Kenneth Lerer and others in 2005.

Verizon Media, HuffPost’s current parent company, also announced an investment in BuzzFeed. It will have a minority stake in the company. – Sarah Guaglione, Media Post

Saudi Arabia reaps the wrong kind of PR as G20 host

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RIP     

William (Bill) John Morgan arrived from Australia and became a columnist and then editor of the Brandon Sun Newspaper. He moved on to join the CBC. From 1976 to 1980, he was TV Network Program Director, responsible for the pubcaster’s television network schedule, and ultimately for direct creative supervision of the “entertainment” side of CBC Television. In 1980, Bill was appointed Head of Television Current Affairs, where, as well as being the manager responsible for the successful development of The Journal, he was in overall charge of program series such as The 5th Estate, Marketplace, Man Alive, and Emmy and Academy award-winning documentaries like Fighting Back and Just Another Missing Kid. He was also a key planner for the network’s Newsworld (now CBC News Network).

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What to stream this weekend: ‘Civil War,’ Snow Patrol, ‘How to Die Alone,’ ‘Tulsa King’ and ‘Uglies’

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Hallmark launching a streaming service with two new original series, and Bill Skarsgård out for revenge in “Boy Kills World” are some of the new television, films, music and games headed to a device near you.

Also among the streaming offerings worth your time as selected by The Associated Press’ entertainment journalists: Alex Garland’s “Civil War” starring Kirsten Dunst, Natasha Rothwell’s heartfelt comedy for Hulu called “How to Die Alone” and Sylvester Stallone’s second season of “Tulsa King” debuts.

NEW MOVIES TO STREAM SEPT. 9-15

Alex Garland’s “Civil War” is finally making its debut on MAX on Friday. The film stars Kirsten Dunst as a veteran photojournalist covering a violent war that’s divided America; She reluctantly allows an aspiring photographer, played by Cailee Spaeny, to tag along as she, an editor (Stephen McKinley Henderson) and a reporter (Wagner Moura) make the dangerous journey to Washington, D.C., to interview the president (Nick Offerman), a blustery, rising despot who has given himself a third term, taken to attacking his citizens and shut himself off from the press. In my review, I called it a bellowing and haunting experience; Smart and thought-provoking with great performances. It’s well worth a watch.

— Joey King stars in Netflix’s adaptation of Scott Westerfeld’s “Uglies,” about a future society in which everyone is required to have beautifying cosmetic surgery at age 16. Streaming on Friday, McG directed the film, in which King’s character inadvertently finds herself in the midst of an uprising against the status quo. “Outer Banks” star Chase Stokes plays King’s best friend.

— Bill Skarsgård is out for revenge against the woman (Famke Janssen) who killed his family in “Boy Kills World,” coming to Hulu on Friday. Moritz Mohr directed the ultra-violent film, of which Variety critic Owen Gleiberman wrote: “It’s a depraved vision, yet I got caught up in its kick-ass revenge-horror pizzazz, its disreputable commitment to what it was doing.”

AP Film Writer Lindsey Bahr

NEW MUSIC TO STREAM SEPT. 9-15

— The year was 2006. Snow Patrol, the Northern Irish-Scottish alternative rock band, released an album, “Eyes Open,” producing the biggest hit of their career: “Chasing Cars.” A lot has happened in the time since — three, soon to be four quality full-length albums, to be exact. On Friday, the band will release “The Forest Is the Path,” their first new album in seven years. Anthemic pop-rock is the name of the game across songs of love and loss, like “All,”“The Beginning” and “This Is the Sound Of Your Voice.”

— For fans of raucous guitar music, Jordan Peele’s 2022 sci-fi thriller, “NOPE,” provided a surprising, if tiny, thrill. One of the leads, Emerald “Em” Haywood portrayed by Keke Palmer, rocks a Jesus Lizard shirt. (Also featured through the film: Rage Against the Machine, Wipers, Mr Bungle, Butthole Surfers and Earth band shirts.) The Austin noise rock band are a less than obvious pick, having been signed to the legendary Touch and Go Records and having stopped releasing new albums in 1998. That changes on Friday the 13th, when “Rack” arrives. And for those curious: The Jesus Lizard’s intensity never went away.

AP Music Writer Maria Sherman

NEW SHOWS TO STREAM SEPT. 9-15

— Hallmark launched a streaming service called Hallmark+ on Tuesday with two new original series, the scripted drama “The Chicken Sisters” and unscripted series “Celebrations with Lacey Chabert.” If you’re a Hallmark holiday movies fan, you know Chabert. She’s starred in more than 30 of their films and many are holiday themed. Off camera, Chabert has a passion for throwing parties and entertaining. In “Celebrations,” deserving people are surprised with a bash in their honor — planned with Chabert’s help. “The Chicken Sisters” stars Schuyler Fisk, Wendie Malick and Lea Thompson in a show about employees at rival chicken restaurants in a small town. The eight-episode series is based on a novel of the same name.

Natasha Rothwell of “Insecure” and “The White Lotus” fame created and stars in a new heartfelt comedy for Hulu called “How to Die Alone.” She plays Mel, a broke, go-along-to-get-along, single, airport employee who, after a near-death experience, makes the conscious decision to take risks and pursue her dreams. Rothwell has been working on the series for the past eight years and described it to The AP as “the most vulnerable piece of art I’ve ever put into the world.” Like Mel, Rothwell had to learn to bet on herself to make the show she wanted to make. “In the Venn diagram of me and Mel, there’s significant overlap,” said Rothwell. It premieres Friday on Hulu.

— Shailene Woodley, DeWanda Wise and Betty Gilpin star in a new drama for Starz called “Three Women,” about entrepreneur Sloane, homemaker Lina and student Maggie who are each stepping into their power and making life-changing decisions. They’re interviewed by a writer named Gia (Woodley.) The series is based on a 2019 best-selling book of the same name by Lisa Taddeo. “Three Women” premieres Friday on Starz.

— Sylvester Stallone’s second season of “Tulsa King” debuts Sunday on Paramount+. Stallone plays Dwight Manfredi, a mafia boss who was recently released from prison after serving 25 years. He’s sent to Tulsa to set up a new crime syndicate. The series is created by Taylor Sheridan of “Yellowstone” fame.

Alicia Rancilio

NEW VIDEO GAMES TO PLAY

— One thing about the title of Focus Entertainment’s Warhammer 40,000: Space Marine 2 — you know exactly what you’re in for. You are Demetrian Titus, a genetically enhanced brute sent into battle against the Tyranids, an insectoid species with an insatiable craving for human flesh. You have a rocket-powered suit of armor and an arsenal of ridiculous weapons like the “Chainsword,” the “Thunderhammer” and the “Melta Rifle,” so what could go wrong? Besides the squishy single-player mode, there are cooperative missions and six-vs.-six free-for-alls. You can suit up now on PlayStation 5, Xbox X/S or PC.

— Likewise, Wild Bastards isn’t exactly the kind of title that’s going to attract fans of, say, Animal Crossing. It’s another sci-fi shooter, but the protagonists are a gang of 13 varmints — aliens and androids included — who are on the run from the law. Each outlaw has a distinctive set of weapons and special powers: Sarge, for example, is a robot with horse genes, while Billy the Squid is … well, you get the idea. Australian studio Blue Manchu developed the 2019 cult hit Void Bastards, and this Wild-West-in-space spinoff has the same snarky humor and vibrant, neon-drenched cartoon look. Saddle up on PlayStation 5, Xbox X/S, Nintendo Switch or PC.

Lou Kesten

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Trump could cash out his DJT stock within weeks. Here’s what happens if he sells

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Former President Donald Trump is on the brink of a significant financial decision that could have far-reaching implications for both his personal wealth and the future of his fledgling social media company, Trump Media & Technology Group (TMTG). As the lockup period on his shares in TMTG, which owns Truth Social, nears its end, Trump could soon be free to sell his substantial stake in the company. However, the potential payday, which makes up a large portion of his net worth, comes with considerable risks for Trump and his supporters.

Trump’s stake in TMTG comprises nearly 59% of the company, amounting to 114,750,000 shares. As of now, this holding is valued at approximately $2.6 billion. These shares are currently under a lockup agreement, a common feature of initial public offerings (IPOs), designed to prevent company insiders from immediately selling their shares and potentially destabilizing the stock. The lockup, which began after TMTG’s merger with a special purpose acquisition company (SPAC), is set to expire on September 25, though it could end earlier if certain conditions are met.

Should Trump decide to sell his shares after the lockup expires, the market could respond in unpredictable ways. The sale of a substantial number of shares by a major stakeholder like Trump could flood the market, potentially driving down the stock price. Daniel Bradley, a finance professor at the University of South Florida, suggests that the market might react negatively to such a large sale, particularly if there aren’t enough buyers to absorb the supply. This could lead to a sharp decline in the stock’s value, impacting both Trump’s personal wealth and the company’s market standing.

Moreover, Trump’s involvement in Truth Social has been a key driver of investor interest. The platform, marketed as a free speech alternative to mainstream social media, has attracted a loyal user base largely due to Trump’s presence. If Trump were to sell his stake, it might signal a lack of confidence in the company, potentially shaking investor confidence and further depressing the stock price.

Trump’s decision is also influenced by his ongoing legal battles, which have already cost him over $100 million in legal fees. Selling his shares could provide a significant financial boost, helping him cover these mounting expenses. However, this move could also have political ramifications, especially as he continues his bid for the Republican nomination in the 2024 presidential race.

Trump Media’s success is closely tied to Trump’s political fortunes. The company’s stock has shown volatility in response to developments in the presidential race, with Trump’s chances of winning having a direct impact on the stock’s value. If Trump sells his stake, it could be interpreted as a lack of confidence in his own political future, potentially undermining both his campaign and the company’s prospects.

Truth Social, the flagship product of TMTG, has faced challenges in generating traffic and advertising revenue, especially compared to established social media giants like X (formerly Twitter) and Facebook. Despite this, the company’s valuation has remained high, fueled by investor speculation on Trump’s political future. If Trump remains in the race and manages to secure the presidency, the value of his shares could increase. Conversely, any missteps on the campaign trail could have the opposite effect, further destabilizing the stock.

As the lockup period comes to an end, Trump faces a critical decision that could shape the future of both his personal finances and Truth Social. Whether he chooses to hold onto his shares or cash out, the outcome will likely have significant consequences for the company, its investors, and Trump’s political aspirations.

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Arizona man accused of social media threats to Trump is arrested

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Cochise County, AZ — Law enforcement officials in Arizona have apprehended Ronald Lee Syvrud, a 66-year-old resident of Cochise County, after a manhunt was launched following alleged death threats he made against former President Donald Trump. The threats reportedly surfaced in social media posts over the past two weeks, as Trump visited the US-Mexico border in Cochise County on Thursday.

Syvrud, who hails from Benson, Arizona, located about 50 miles southeast of Tucson, was captured by the Cochise County Sheriff’s Office on Thursday afternoon. The Sheriff’s Office confirmed his arrest, stating, “This subject has been taken into custody without incident.”

In addition to the alleged threats against Trump, Syvrud is wanted for multiple offences, including failure to register as a sex offender. He also faces several warrants in both Wisconsin and Arizona, including charges for driving under the influence and a felony hit-and-run.

The timing of the arrest coincided with Trump’s visit to Cochise County, where he toured the US-Mexico border. During his visit, Trump addressed the ongoing border issues and criticized his political rival, Democratic presidential nominee Kamala Harris, for what he described as lax immigration policies. When asked by reporters about the ongoing manhunt for Syvrud, Trump responded, “No, I have not heard that, but I am not that surprised and the reason is because I want to do things that are very bad for the bad guys.”

This incident marks the latest in a series of threats against political figures during the current election cycle. Just earlier this month, a 66-year-old Virginia man was arrested on suspicion of making death threats against Vice President Kamala Harris and other public officials.

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