SBJ Media: Why this weekend is so important to Disney, Charter | Canada News Media
Connect with us

Media

SBJ Media: Why this weekend is so important to Disney, Charter

Published

 on

Here’s a special Labor Day column on how Charter’s public dispute with Disney/ESPN could affect the sports business.

Charter’s decision to drop Disney and ESPN channels from its Spectrum cable systems was years in the making. Four years, in fact. That’s when the country’s second largest cable operator and the country’s most powerful programming network completed a carriage negotiation with little fanfare — no public bickering, no channel blackouts.

But behind the scenes during those negotiations in 2019, talks were much more contentious than originally believed, several sources said. At that time, Charter execs came close to deciding to leave the video business altogether. That was four years and around 30 million cable video subscribers ago. The cord-cutting trend, combined with higher ever-increasing affiliate rates for TV networks, makes it easier for Charter to make a move away from video today.

It’s likely that these two will reach an agreement over the next few days or weeks. The two sides still are talking. I’m told Charter President and CEO Chris Winfrey and Disney CEO Bob Iger have been in contact over the weekend.

Regardless of what a possible deal looks like, the die is cast. Charter has shown the stomach for dropping these channels is stronger than ever. The rate that Charter pays for TV networks — especially sports — has become so expensive that the cable operator’s margins are razor thin. Broadband and wireless are a much better business, with much higher margins, for cable operators.

You can read reams of stories about what happened last Thursday when all of Disney’s channels went dark on Charter’s systems. Ben Mullin and Joe Flint have the best write-ups that I’ve seen.

But the main point that should send shivers throughout the sports business is that Charter plans to exit the video business at some point over the next few years. For most of my cable industry sources, that point appears obvious.

Cable operators have made these arguments so often for the past several decades that they have always rung hollow. Whenever they’ve had these disputes, cable operators always found enough money to do the deals. Programmers have held all the leverage since the beginning of cable. It was no surprise that Disney/ESPN’s current deal with Charter ended Aug. 31. College football’s opening weekend, followed by the start of the NFL, historically would have given Disney/ESPN a lot of leverage with angry fans threatening to cancel their service.

But that leverage appears to have switched in this dispute. Nobody has seen hard numbers, but I’d be willing to bet that Charter was inundated with calls to cancel their service over the weekend. ESPN is such a powerful force because it has games and events that people want to see.

The thing that’s different about this dispute, though, is that Charter has a plan. It already has been referring upset subscribers to FuboTV for video. Why would it send its subscribers to a competing video service? Because Charter wants to make sure that the subscribers who ditch video keep their broadband and wireless packages with Charter.

MoffettNathanson reported last week that Charter is “preparing a one-touch QR code that would not only create a new YouTube TV or Fubo subscription but would also downgrade from a Spectrum video bundle with a single click. To minimize any impact on broadband subscribership, they’ll lean more heavily than ever into their Spectrum One wireless/broadband bundle. Video is already being de-emphasized.”

Despite steady negotiations over the weekend, sources said that Charter and Disney are no closer to a deal than they were last week. Disney wants to wait to see how much pain Charter is willing to take from angry sports fans ditching their video packages. Charter’s plan to refer those angry subscribers to other video outlets suggests that the cable operator is prepared to wait it out, as well.

If Charter has more leverage, what should Disney do?

This is the main question that I asked my best sources. They mainly agreed that Disney needs figure out if Charter really is as dug into its position as it appears to be. If Disney determines that Charter really is serious about moving on without video, it needs to find a middle ground that leads to a deal and keeps revenue from the cable bundle flowing for at least the next five years.

Why not just cut the best deal to keep channels up on Charter?

This is not just a Charter issue for Disney; it’s an industry one. All cable network contracts with the biggest cable operators carry clauses known as MFNs (Most Favored Nations). If Charter negotiates better terms than Comcast, for example, Comcast can automatically take Charter’s terms. Whatever deal Disney works out with Charter will be applied to the biggest distributors. That means that the biggest distributors will benefit if Disney bows to Charter’s demands.

Why does this Charter deal matter so much?

In general, cable channels make most of their money from ad sales and sponsorships. That’s not true with sports channels, especially ESPN, which has the biggest license fee among all cable channels, north of $10 per subscriber per month. Affiliate fees make up a big majority of ESPN’s revenue. Any drop in affiliate fees — or even stagnation — will hamper ESPN as it goes into the market to negotiate rights deals with leagues and conferences. And remember, Charter has 14.7 million subscribers, including systems in some of the country’s biggest markets: N.Y., L.A., Dallas.

What’s the worst-case scenario?

If Charter gets out of the video business, and if other cable operators follow suit, media rights could be reset lower, which would have broad implications on team values and player salaries. Leagues and teams still would have media rights deals. But they wouldn’t be the same as they’ve seen over the past three decades, when the cable model benefitted sports leagues and teams more than anything else.

 

Source link

Continue Reading

Media

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

Published

 on

 

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

Source link

Continue Reading

Media

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

Published

 on

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.

Source link

Continue Reading

Media

Arizona man accused of social media threats to Trump is arrested

Published

 on

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.

Continue Reading

Trending

Exit mobile version