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  • Rupert Murdoch lauds Modi; US CEOs call for speedy TV digitisation

    Rupert Murdoch lauds Modi; US CEOs call for speedy TV digitisation

    MUMBAI: There are some leaders who leave a good impression and then there are those who leave a lasting impression on others’ mind, and Indian Prime Minister Narendra Modi definitely belongs to the latter type. 

    In his recent meeting with the Fortune 500 CEOs at the iconic Waldorf Astoria Hotel in New York, Modi not only successfully brought up the burning issues of Indian media and digitisation to the world platform, but also instilled a sense of camaraderie amongst the executives, whose net worth, as per the media buzz, was $4.5 trillion!

    The proof of the pudding lay in the superlative address that 21st Century Fox chairman Rupert Murdoch gave Modi through his tweet after the event.

    “Great hour with Indian PM Modi. Best leader with best policies since independence, but massive task to achieve in most complex nation,” said Murdoch.

    Apart from the senior Murdoch, the CEOs present at the roundtable meeting chaired by Modi included 21st Century Fox CEO James Murdoch, News Corp  CEO Robert Thompson, Star India CEO Uday Shankar, WPP CEO Martin Sorrell, Discovery Communications president and CEO David Zaslav, Sony Entertainment CEO Michael Lynton, Interpublic Group of Companies CEO Michael Roth, Vice Media CEO Shane Smith, Time Warner CEO Jeff Bewkes, A&E Networks CEO Nancy Dubuc, Visy Industries chairman Anthony Pratt, Route One Investment Company’s William Duhamel and ValueAct Capital CEO Jeff Ubben.

    While the CEOs were enthusiastic about the digital transformation that is taking place in India through the Digital India initiative, they called for speeding up of television digitisation, and strengthening of the cellular (mobile) infrastructure.

    According to the head honchos, the current strong trajectory of the Indian economy made it at a unique moment to accelerate growth in this sector.

    Post the meeting, Modi tweeted his pleasure in seeing the executives enthusiastic about being part of Digital India and the role of media in it. “Met top American CEOs from media & entertainment sector. They were enthusiastic about the change @_DigitalIndia initiative in driving,” he said before craftily leading in the major issues that were discussed among the executives in the congregation earlier.

    “My interaction with Fortune 500 CEOs was on investment opportunities in India & why they must come & @makeinindia! Digital technology has a vital role in making democracy stronger & in overall human resource development,” he tweeted.

    Modi painted the government's vision to connect the 600,000-odd villages in India with broadband and emphasised that digital technology will increasingly play a major role in further strengthening democracy and India's development narrative. He also highlighted how Digital India posed as a great opportunity for the international media companies.

    As evident from the PM’s tweets, foreign direct investment (FDI) formed a large chunk of the round table and the 90 minute soiree. “Foreign direct investment all over the world has fallen. But in India, it increased by 40 per cent. This reflects confidence in the Indian economy,” Modi was heard pointing out the executives right before they sat down for dinner. “Reform in governance is my number one priority. We are for simplified procedures, speedy decision-making, transparency and accountability,” he assured the prospective investors.

    The topic that dominated most of the evening was the role that the media and entertainment industry can play in development and generation of employment opportunities in India.

    Modi also touched upon the importance of a smoother Intellectual Property Rights (IPR) regime in the digital era.

    Pegging his argument on India’s value for intellectual property he said, “We are committed to protecting IPR, that's essential to fostering creativity.”

    He also upheld the importance of regional languages in India and suggested to the CEOs that India represents both the biggest opportunity and the biggest challenge for them. He also urged them to keep regional languages in mind, as they firm up investment plans for India. “Explained to media CEOs why India is a great opportunity for them & how many regional languages makes India even more special to invest in,” Modi tweeted.

    “The government has already undertaken a massive amount of reforms. Key message from the US companies was keep doing what you are doing. I had a great meeting, there was a constructive dialogue in the spirit of collaboration. We are looking at India trying to get foreign direct investment,” said J P Morgan CEO James Dimon.

    As per  India's foreign office spokesperson Vikas Swarup, Modi took keen interest to personally interact with every CEO, and understand the executives’ areas of concern that his government could address and resolve.

    The Prime Minister emphasised that he saw a key role for digital technology in further strengthening democracy, and in India’s development narrative.

  • Fox to bring down curtains on ‘American Idol’ in 2016; lines up new shows

    Fox to bring down curtains on ‘American Idol’ in 2016; lines up new shows

    MUMBAI: Popular reality show American Idol will begin its 15th – and final – season in January 2016 on Fox.

     

    A season-long celebratory event, American Idol XV will feature host Ryan Seacrest and judges Jennifer Lopez, Keith Urban and Harry Connick, Jr., as they search for the final Idol superstar and pay tribute to the past 14 seasons of talented contestants and the millions of fans who tweeted, texted and championed their Idols.

     

    The reality show began in 2002 and was a huge success. Over the years, American Idol has been responsible for churning out singing stars like Kelly Clarkson, Carrie Underwood and Jennifer Hudson.

     

    NEW SHOWS

     

    Additionally, Fox also announced that its old hit The X-Files will debut with a special two-night event beginning 24 January, following the NFC Championship Game, and continuing with its time period premiere on 25 January. The thrilling, six-episode event series, helmed by creator/executive producer Chris Carter and starring David Duchovny and Gillian Anderson as FBI Agents Fox Mulder and Dana Scully, marks the momentous return of the Emmy- and Golden Globe Award-winning pop culture phenomenon, which remains one of the longest-running sci-fi series in network television history.

     

    Come September, Fox will also be bringing back the new TV hit Empire. The show is expected to run up to 18 episodes next season, up from the 12 this year.

     

    Fox will also introduce a series of new shows in 2016 like the devilish drama Lucifer, which is based on a DC Comics story and modern gothic action series The Frankenstein Code; and two comedies, The Guide To Surviving Life and animated Bordertown.

     

    In addition, two new dramas – the futuristic Minority Report and the Miami-set Rosewood will debut this fall. Based on Steven Spielberg’s international blockbuster film and the first of his films to be adapted for television, Minority Report follows the partnership between a man (Stark Sands) haunted by the future and a cop (Meagan Good) haunted by her past, as they race to stop the worst crimes before they happen.

     

    Ryan Murphy will return with a new show, Scream Queens, which stars Emma Roberts and Jamie Lee Curtis. Additionally, John Stamos will lead a new comedy titled Grandfathered, and Rob Lowe and Fred Savage will star in The Grinder. New Girl returns to the Tuesday comedy block in January with a season of uninterrupted episodes.

     

    As previously announced, Grease:Live, a three-hour production of the massively popular crossover musical Grease, starring superstar singers, dancers and actresses Julianne Hough and Vanessa Hudgens, will air live on 31 January, 2016 on Fox.

     

    Additional Fox series include: Are You Smarter Than A 5th Grader?, Bob’s Burgers, Boom!, Bones, Brooklyn Nine-Nine, Bullseye, Family Guy, Gotham, Hell’s Kitchen, Masterchef, Masterchef Junior, The Simpsons, Sleepy Hollow, So You Think You Can Dance and World’s Funniest.

  • Fox withdraws Time-Warner acquisition bid

    Fox withdraws Time-Warner acquisition bid

    BENGALURU:  Twenty-First Century Fox (Fox) withdrew its proposal to acquire Time Warner Inc.  Excerpts of the Fox press release – chairman and CEO Rupert Murdoch commented: “We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands.  Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly.  However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling. Additionally, the reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders.  These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer.”

     

    “21st Century Fox’s future has never been brighter.  The strength of our leading franchises, combined with the power of our emerging growth businesses and the leadership positions of our international enterprises put us on a path for even greater success.”

     

    The Board today authorised a USD 6 billion share repurchase programme. The repurchase of an additional USD 6 billion of Class A Common Stock is expected to be completed in the next 12 months. 

     

    Murdoch continued, “This significant return of capital underscores the Company’s ongoing commitment to disciplined capital allocation and returning value to shareholders in a meaningful way.”

     

    Time Warner responded with a press release. Excerpts of Time Warner’s statement regarding the announcement by Twenty-First Century Fox that it has withdrawn its proposal to acquire all of the outstanding shares of Time Warner.

     

    “Time Warner’s Board and management team are committed to enhancing long-term value and we look forward to continuing to deliver substantial and sustainable returns for all stockholders.  Time Warner is well positioned for success with our iconic assets, including the world’s leading premium television brand, the world’s strongest ad-supported cable network group, and the world’s largest film and television studio.  We thank our stockholders for their continued support. Citigroup Global Markets Inc. is acting as financial advisor to Time Warner. Cravath, Swaine & Moore LLP is acting as legal advisor to Time Warner.”

  • Fox moves to garner funds; Fox or Time Warner, who will blink first?

    Fox moves to garner funds; Fox or Time Warner, who will blink first?

    BENGALURU: It was a deal, the possibility of which they had announced in May 2014. The media pundits said that it was inevitable, now that Rupert Murdoch’s 21st Century Fox (Fox) bid to buy out Time Warner had been rejected by the latter in mid-July 2014.  Fox needed to sweeten the offer with a higher bid and with the proceeds from the BSkyB deal, the company would not have to go in for a very big addition to its debt.

     

    Fox has gone ahead and done just that. Last week on Friday, Fox through a press release announced that it will transfer Sky Italia and its 57.4 per cent interest in Sky Deutschland to BSkyB to create a pan-European digital television leader through the combination of these assets.

     

    The release said further: ‘In exchange for the transfer, 21st Century Fox will receive approximately $ 9.3 billion in value from BSkyB comprised of approximately $ 8.6 billion in cash and BSkyB’s 21 per cent interest in National Geographic Channels International, raising 21st Century Fox’s ownership stake to 73 per cent. In addition, 21st Century Fox will participate in BSkyB’s announced equity offering by purchasing approximately $ 900 million of additional shares in BSkyB to maintain the Company’s 39.1 per cent ownership interest. The net, after-tax cash proceeds to be received by 21st Century Fox upon completion of all the elements of this transaction will approximate $ 7.2 billion. The agreement is subject to regulatory approvals, the approval of BSkyB stockholders and customary closing conditions.’

     

    Confirming the deal, in a message to his staff, Sky CEO Jeremy Darroch said, “The three companies complement each other well. We all operate businesses that look similar and offer similar products, and of course we share the same brand. But our affiliation goes deeper than that. We may work in different countries, but our corporate culture and values are familiar. Our teams know each other well and have a history of working together. So I am confident that this is a combination that will work well.” Darroch added, “We expect this process to take several months to complete.”

     

    So far Fox has chosen not to directly comment about the rejection of its bid or move by the Time Warner board that would stymie any action by 15 per cent or more of Time Warner’s shareholders that could favour bids by Fox and force Time Warner to consider being taken over. Fox has not commented on the Writers Guild of America, West (WGAW) speaking against any agglomeration of media companies and more specifically the WGAW’s opposition to Fox’s proposal for taking over Time Warner.

     

    However, in an oblique statement, the Fox release quotes its chairman and CEO, the 83 year old Rupert Murdoch as saying, “Our renewed authorisation for our share buyback program will be executed regardless of any potential acquisition or investment activity by the company. 21st Century Fox’s number one priority is increasing shareholder value in a disciplined manner and as a result, we will only consider transactions that fully support this objective.”

     

    Bloomberg reported on Saturday that Fox  is open to giving Time Warner shareholders seats on the board of the combined company should its $ 75 billion takeover bid succeed, attributing this to people familiar with the situation. Media reports suggest that the offer for board representation could appear in a revised proposal and that one of the reasons for Time Warner’s rejection of Fox’s overtures is that its shareholders are being offered non-voting shares by Fox.

     

    So it is more of a question of ‘when’ and not ‘if’ a fresh proposal is made by Fox. We should hear soon more about the Fox –Time Warner takeover/merger saga that will take two to three years to consummate, if it happens.

  • Are tech companies interested in Time Warner? Fox or Time Warner, who will blink first?

    Are tech companies interested in Time Warner? Fox or Time Warner, who will blink first?

    BENGALURU: Are tech companies really interested in Time Warner? Speculation is on about one of the biggies like Google, Amazon, Apple coming in as the knight in shining armour to thwart Fox’s unsolicited offer and taking over. Or maybe Verizon or Disney could step in, up the ante and carry away the bride? Is there really a knight in shining armour at all? Time will tell.

     

    While an acquisition like Time Warner would most certainly help Google get into Hollywood and help it create online platforms, Google is not in the content creation business and it could acquire other properties at a far lower price.

     

    Though Amazon has signed a multiyear agreement with Viacom for streaming children’s content and has had a successful video-on-demand partnership with CBS, it would be entering into completely new territory, were it to take over Time Warner. Amazon is already into competition with mobile handset players like Samsung and Apple with its Fire phone, does the company have the wherewithal (besides funds) and the bandwidth to take on more?

     

    For Apple’s iTunes and Apple TV, the merger would be great news, and acquisition of the huge content would be great, but Apple’s focus has been on devices, and not content. Will it be able to leverage the content to the extent to make it worthwhile spending that kind of money?

     

    As mentioned earlier, Time-Warner had rejected Rupert Murdoch’s 21st Century Fox (Fox) unsolicited offer allegedly worth about USD 76 billion cash and stock. 21st Century Fox had offered to buy Time Warner for USD 32.42 in cash and offered a ratio of 1.531 Fox class-A share for each Time Warner share. The Fox offer was worth about USD85-86 per share.

     

    In a defensive move, Time Warner has in the meantime initiated evasive action to thwart attacks on its soft underbelly by eliminating a provision in its bylaws that earlier could let just 15 per cent of its shareholders call special meeting, so as to prevent it being forced to consider the Fox offer in case Fox resorts to this measure to force the issue. The bylaws now say that the CEO or a majority of the board can call a special meeting.

     

    Joining the fray against the Fox Time Warner merger is the Writers Guild of America, West (WGAW), which says that such deals could harm writers.

  • Writer’s guild opposes media mergers: Fox Time Warner deal

    Writer’s guild opposes media mergers: Fox Time Warner deal

    BENGALURU: The chatter about moves, countermoves by both sides continues unabated around global media circles. Joining the fray against the Fox Time Warner merger is the Writers Guild of America, West(WGAW), which says that such deals could harm writers.

     

    As mentioned earlier, Time-Warner had rejected Rupert Murdoch’s 21st Century Fox (Fox) unsolicited offer allegedly worth about USD 76 billion cash and stock. 21st Century Fox had offered to buy Time Warner for USD 32.42 in cash and offered a ratio of 1.531 Fox class-A share for each Time Warner share. The Fox offer was worth about USD85-86 per share.

     

    Soliciting funds, the WGAW in an email sent to some of its members stated, “As writers, we face a landscape today that the founders of our guild would hardly recognize. For decades, there were dozens of significant buyers in television and movies. Then federal limits on mergers disappeared. FCC regulations requiring independent production in television were repealed.”

     

    “Now, those six conglomerates are threatening to swallow one another. “Think of that. Between them, Fox and Time-Warner would control 40 per cent of the industry’s writing jobs. What happens if more consolidation follows?  What happens if one mega-company ends up devouring them all?”

     

    “Giving to the Guild PAC is vital to your future,” the mail said. “The checks you write to your favourite Senate candidates cannot influence policy. But a powerful PAC, supporting candidates in the name of the WGA, gives us a fighting chance in the war against the corporate madness that threatens us all.”

     

    The mail added, “When our Guild speaks, Washington listens. But to make sure our voices are heard, we need power. Simply put, we need you. This, then, is our call to arms. In the industry as it exists today, writers no longer have the luxury of staying out of politics. Rather, more than ever, we need a voice in them.”

     

    Earlier, TV show runner and creator of the ‘Shield’ (2002-2008 for Fox Television Studios and Sony Pictures Television) and ‘Chicago Code’ (2011 for Fox Broadcasting Company) fame, Shawn Ryan had appeared before the Senate Committee on Commerce, Science, & Transportation to discuss the adverse effect of “weak net neutrality regulations” and media consolidation on the creative community.

     

    Before his appearance, Ryan had in a statement through the WGA said, “The reality of American media is that it is controlled by a handful of companies formed through two decades of consolidation .These companies own the television networks, the production studios and almost all of the scripted content that is available on television and in movie theatres. The cable companies that distribute this content are even more concentrated.”

     

    In February 2014, the WGAW had issued a statement opposing the friendly Comcast Time Warner Cable merger that is awaiting approvals. “Comcast’s proposed merger with Time Warner Cable is bad for everyone: content creators, programmers, suppliers, and consumers. As writers know all too well, media consolidation leads to already too powerful companies limiting competition. The WGA will fight to stop this ill-conceived merger.”

     

    Also, on June 24 this year, WGAW president Chris Keyser  testified against the proposed merger of AT&T and DirecTV. Chaired by U.S. Senator Amy Klobuchar (D-MN), the subcommittee’s jurisdiction includes oversight of antitrust law and competition policy, with that day’s hearing focused on the AT&T – DirecTV merger and its impact on competition and consumers. “They will use their power to force content providers to accept below market rates for their product,” stated Keyser in his testimony. “It is a stated goal of the merger to reduce affiliate fees. The problem is: it is those fees that have fueled the recent boom in creative programming – particularly on cable. Reduce those fees through the outsized power of monopoly – and the result is less creativity, less product, less innovation.”

  • Fox or Time Warner, who will blink first? Time Warner changes bylaws

    Fox or Time Warner, who will blink first? Time Warner changes bylaws

    BENGALURU: Reports fly thick and fast, some speculation, some part truth across the global media about the aftermath of Time Warner’s rejection of Twenty First Century Fox (Fox) unsolicited merger bid. What will the 83 year old tough as nails Fox ‘patriarch’ Rupert Murdoch do next? Known for his bulldogged tenacity once he sets his sights on a company, what and when (and not will it) will Fox up the ante to a reportedly manageable USD105 per share.

     

    Time Warner has in the meantime initiated evasive action to thwart attacks on its soft underbelly by eliminating a provision in its bylaws that earlier could let just 15 per cent of its shareholders call special meeting, so as to prevent it being forced to consider the Fox offer in case Fox resorts to this measure to force the issue. The bylaws now say that the CEO or a majority of the board can call a special meeting.

     

    There is a quiet buzz of Time Warner’s CEO Jeff Bewkes alleged animosity towards Murdoch and his hierarchical management bent. Under expert hatchet man Bewekes leadership, Time Warner has chopped the unwieldy behemoth created by the largest media deal ever by the AOL-Time Warner merger in 2000-01, and has delivered a total shareholder return of more than 150 per cent since 2008, almost tripling the return of the S&P 500 over the same period.

     

    Speculation is rife about Fox paring off its wholly-owned Sky Italia unit and its 57 per cent stake in Sky Deutschland AG to British Sky Broadcasting Group Plc., within the next two weeks for about USD 13 billion. US banks JPMorgan & Chase Company and Goldman Sachs Group Inc., will probably help Murdoch finance the bid say pundits. Fox and the British Sky Broadcasting Group had disclosed their talks about a possible transaction in May this year.

     

    For now, Fox’s bid has probably kept at bay bids from Time Warner’s suitors such as Google among others, unless of course, Google/others can better the approximate USD85 per share offer made by Fox.

  • National Geographic gets highest ever nominations in Emmy 2014

    National Geographic gets highest ever nominations in Emmy 2014

    NEW DELHI: National Geographic Channel (NGC) received the most Emmy Award nominations in the network’s history with 18 nominations, including 12 with FOX for COSMOS: A SPACETIME ODYSSEY.  With 12 nominations, COSMOS: A SPACETIME ODYSSEY tied such buzz-worthy shows as HBO’s “True Detective” and Netflix’s “Orange is the New Black” in nominations. Additionally, NGC’s second foray into original scripted programming, KILLING KENNEDY, garnered three nominations, including outstanding television movie, outstanding cinematography and outstanding sound mixing.

    Nat Geo WILD also scored two nominations for outstanding narrator for Jeremy Irons for GAME OF LIONS and Daniel Craig for ONE LIFE. “We are incredibly honored for the recognition this year, especially for COSMOS and the great collaborative effort that series marked between Cosmos Studios and our partners at FOX,” said Courteney Monroe, CEO of the National Geographic Channels. “Additionally, as we continue to explore opportunities in the scripted world, to receive a nomination for only our second movie is a thrill.”
    See the full list of NGC nominations below:

    COSMOS: A SPACETIME ODYSSEY (NGC & FOX)

    • Outstanding Documentary of Nonfiction Series

    • Outstanding Writing for Nonfiction Programming

    • Outstanding Directing for Nonfiction Programming

    • Outstanding Art Direction for Variety, Nonfiction, Reality or Reality-Competition Program

    • Outstanding Cinematography for Nonfiction Programming

    • Outstanding Picture Editing for Nonfiction Programming

    • Outstanding Main Title Design

    • Outstanding Music Composition for a Series

    • Outstanding Original Main Title Theme Music

    • Outstanding Sound Editing for Nonfiction Programming

    • Outstanding Sound Mixing for Nonfiction Programming

    • Outstanding Special and Visual Effects

    COSMOS (NGC)

    • Outstanding Short-Format Nonfiction Program: COSMOS: A National Geographic Deeper Dive

    KILLING KENNEDY (NGC)

    • Outstanding Television Movie

    • Outstanding Cinematography for a Miniseries or a Movie

    • Outstanding Sound Mixing for a Miniseries or a Movie

    ONE LIFE (Nat Geo WILD)

    • Outstanding Narrator: Daniel Craig

    GAME OF LIONS (Nat Geo WILD)

    • Outstanding Narrator: Jeremy Irons

  • Assaf Blecher to oversee Keshet DCP JV in an expanded role

    Assaf Blecher to oversee Keshet DCP JV in an expanded role

    MUMBAI: It was announced earlier today in a statement by Dick Clark Productions (DCP) EVP of programming development Mark Bracco and Keshet International CEO Alon Shtruzman that current Dick Clark Productions programming and development vice president Assaf Blecher will expand his role to include oversight of Keshet DCP.  In Blecher’s new role he will manage programming and development for Keshet DCP, the joint venture(JV) formed by Keshet International, the global distribution and production arm of Keshet Media Group and DC Media, and the parent company of DCP. The JV which was announced last year, produces unscripted programming in the US and develops, produces and finances new formats for international markets.

     

    Keshet DCP programming for 2014 includes the new reality singing competition Rising Star set to premiere on 22 June on the American Broadcasting Company network, the new game show format BOOM! scheduled for broadcast on FOX network later this year and additional projects at various stages of development.  Blecher will continue to be based in the company’s Santa Monica headquarters and will report to Bracco and Shtruzman. 

                                                                                                                                                                                       

    “Assaf played a key role in the formation of Keshet DCP and will be instrumental in our strategies to expand our programming footprint domestically and internationally with the most compelling slate of unscripted programming possible,” said Bracco in a statement.

     

    “Assaf has a proven track record and has contributed great insights and talent to the development of Keshet DCP. We at Keshet are delighted to have him on board as a partner and a creative executive, especially during this significant growth period. His experience, industry acumen and friendship will be of great benefit to our collective effort,” said Shtruzman.

     

    “It is an honor to formalise my relationship with Keshet and the Keshet DCP team,” said Blecher.  “The Keshet International team is a global leader and we look forward to introducing revolutionary new television formats to US audiences and beyond.”

     

    Blecher began his career with Dick Clark Productions in 2005 as manager and has held several roles with the company.  Most recently, Blecher served as vice president of development TV and digital programming overseeing a variety of projects including Golden Gods for VH1 and the upcoming Star Spangled Spectacular for PBS. 

  • Fox and Paramount TV to air ‘Grease Live’ musical event in 2015

    Fox and Paramount TV to air ‘Grease Live’ musical event in 2015

    MUMBAI: Get ready to do the hand jive as Fox enrolls at Rydell High with Grease Live, a live three-hour production of the massively popular crossover musical Grease. The announcement was made by Fox Broadcasting Company chairman of entertainment Kevin Reilly and Paramount Television. Scheduled to air LIVE in 2015 and featuring a young ensemble cast, Grease Live will reintroduce the great music and timeless story to an entirely new generation.

     

    Based on the 1971 Broadway musical of the same name with book, lyrics and music by the legendary team of Warren Casey and Jim Jacobs, the 1978 hit film Grease, starring John Travolta and Olivia Newton-John, grossed nearly $400 million worldwide, making it the highest-grossing movie musical ever. 

     

    “From Broadway to film, and across generations, Grease is one of the most beloved musical stories ever told – and we can’t wait to bring it to air in a spectacular live event,” said FOX senior VP of event series Shana C. Waterman in a statement said, “Its iconic characters and addictive songs make it the perfect fit for Fox, and we’re going to give it the kind of star power and production quality to make every Sandy, Danny, Rizzo and Kenickie out there want to get up and sing along.”

     

    “It’s incredibly exciting to have one of our first major network productions be based on this universally celebrated Paramount title, and we’re thrilled to be partnering with Kevin, Joe and Shana on this epic television event,” said Paramount TV president Amy Powell in the statement. “Fox’s passion for engaging audiences with bold storytelling and live musical formats make it a perfect home for this special broadcast.”

     

    Fox’s move to adapt Grease for live TV comes after National Broadcasting Company (NBC) collected massive ratings for its Sound of Music Live broadcast in December. That musical live event collected about 22 million total viewers in the US. NBC will follow Sound of Music with a live performance of Peter Pan set for 4 December in the US, reteaming with Sound of Music Live and Oscar producers Craig Zadan and Neil Meron.

     

    In India, Raell Padamsee’s Ace Productions have been basking in glory after their recent successful production of Grease which has been a commercial success and a critical darling since its opening night.

     

    Grease Live is bound to electrify television audiences everywhere with live performances of the unforgettable Casey/Jacobs songs “Summer Nights,” “Greased Lightnin’” and “We Go Together”; as well as the iconic songs written by John Farrar, “Hopelessly Devoted to You” and ”You’re the One That I Want.” The broadcast will re-imagine some of the story’s most memorable moments and characters from the T-Birds and Pink Ladies, including Danny Zuko, Rizzo and Sandy.