After the coffee. Before trying out for quarterback of the Vikings.
The Skinny: I have a confession to make. I kind of want to see "Bad Grandpa." Any takers? Tuesday's roundup includes analysis of Netflix earnings and layoffs at Focus Features. Also, why cable mogul John Malone is pushing for more consolidation and which TV shows may get canceled next.
Daily Dose: Tony Dungy, former head coach of the Colts and current NBC Sports commentator, isn't afraid to bite the hand that feeds him. On the Dan Patrick radio show Tuesday, Dungy was very critical of Thursday night football. He said the games are not good and the short rest for players is dangerous. NBC, of course, carries some Thursday night football as does the NFL Network. And the league is considering adding more Thursday games.
Subscriber growth is the new black. Netflix, which continues to develop more original content, added more subscribers in its third quarter. It now has about 30 million in the U.S. and 40 million overall. The company reported revenue of $1.1 billion but a profit of only $32 million, though investors seem willing to overlook that potential red flag for now. On the earnings call, Netflix dismissed speculation that it may seek sports content. Coverage of Netflix results from the Los Angeles Times and Wall Street Journal.
Saddling up. John Malone's been called everything from the cable cowboy to Darth Vader. He's considered the architect of the modern cable industry. Now he wants to do some remodeling. Malone, who is chairman of Liberty Media, is making the case for more consolidation in the industry as well as for greater cooperation among the big players so they can better compete against Netflix and other potential threats to their subscriber base. The Los Angeles Times looks at Malone's motivations and the response.
Out of Focus. A few weeks ago, Universal Pictures started shaking up the executive ranks of its specialty movie studio Focus Features with the removal of Chief Executive James Schamus. Now the other shoe is dropping as pink slips were handed out Monday. Variety reports more than 100 people have been let go and that the New York operations were particularly hard hit.
What's getting canceled next? My friends often ask me what the status is of the new shows.They are not looking for my critical opinion. They just want to know what is likely to get canceled so they don't waste their time getting invested in a show. Vulture comes out with its list of what's likely to get the hook soon.
Switching teams. Tim Spengler, chief executive of IPG and an influential media buyer (that's someone who buys commercials and dictates spending strategy for clients) is joining radio and entertainment giant Clear Channel as its president of content marketing and revenue strategy. I'm not sure what that means but the bottom line is Clear Channel is hiring a big advertising executive to help it generate more money. More from Advertising Age.
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