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Tag: Simpsons

  • ICC World Cup fees, Simpsons production costs, forex adversely impact Fox Q3-2015 OIBDA

    ICC World Cup fees, Simpsons production costs, forex adversely impact Fox Q3-2015 OIBDA

    BENGALURU: Rupert Murdoch’s Twenty-First Century Fox Inc. reported a 16.8 per cent drop in total revenue to $6840 million in the quarter ended 31 March, 2015 (Q3-2015, current quarter) as comparted to the $8219 million reported for the year ago quarter (quarter ended 31 March, 2014). Excluding net revenues for Q3-2014 from the Direct Broadcast Satellite Television (DBS) businesses, Sky Italia and Sky Deutschland AG, which were sold in November 2014 to Sky plc, adjusted revenues in Q3-2015 increased $84 million or one per cent over the $6.76 billion of adjusted revenue in Q3-2014.

     

    The company’s operating income before depreciation and amortisation fell by $110 million (6.2 per cent) to $1677 million in Q3-2015 from $1787 million in Q3-2014. The company’s Television segment reported a fall of OIBDA to $141 million, which was less than half (49 per cent) of the $288 million reported for Q3-2014. The company attributes the decline in OIBDA to the absence of revenues generated from the broadcast of Super Bowl XLVIII in the prior year and higher entertainment programming costs at the Fox Broadcasting Network from a higher volume of original series, including Glee and Empire, in the current year quarter as compared to more series repeats in Q3-2014.

     

    While its biggest segment in terms of revenues – Cable Network Programming reported an OIBDA improvement of $57 million (4.8 per cent increase) to $1233 million in Q3-2015. OIBDA increment by the segment would have been even higher, but for the impact of 19 per cent increase in segment expenses lead by the planned investments in new channels, primarily Star Sports and FXX, says the company.

     

    Increased Cable Network Programming segment expenses included increased rights fees related to the broadcast of the ICC Cricket World Cup at Star Sports and increased programming costs at FXX led by The Simpsons. International advertising revenue for the segment increased 24 per cent due to strong local currency growth at Star, driven by the broadcast of the ICC Cricket World Cup, and local currency growth at the FIC channels partially offset by the negative five per cent impact from foreign exchange rate fluctuations.

     

    For the nine month period ended 31 March, 2015 (9M-2015), Fox reported revenue of $22782 million as compared to the $23443 million in 9M-2014. Eliminating the revenue by its DBS business (without accounting for the impact of DBS on corporate eliminations) in the current nine month and 9M-2014 periods, 9M-2015 revenue was $ 20620 million and 9M-2014 revenue was $19006 million, reflecting an 8.5 per cent growth.

     

    Fox OIBDA for 9M-2015 was $5178 million as compared to the $4949 million in 9M-2014. Neglecting DBS OIBDA (without accounting for the impact of DBS on corporate eliminations), the company’s adjusted OIBDA for 9M-2015 was $4944 million, which was 5.8 per cent more than the $4671 million reported for 9M-2014.

     

    Segment Results

     

    Cable Network Programming

     

    This segment reported 12.5 per cent increase in revenue to $3590 million in the current quarter from $3152 million in Q3-2014. Over the nine month period (9M-2015), the segment reported 14.2 per cent increase in revenue to $10205 million from $8296 million in Q3-2015.

     

    The segment’s OIBDA for Q3-2015 has been mentioned above. For 9M-2015, segment OIBDA improved seven per cent to $3430 million from $3205 million in 9M-2014.

     

    Domestic (US) affiliate revenue grew 20 per cent in Q3-2015, reflecting the combination of sustained growth at the regional sports networks, Fox News Channel and FX Networks, increased contribution from Fox Sports 1, and the consolidation of the Yankees Entertainment and Sports Network (the Yes Network). International affiliate revenue increased 2 per cent driven by strong local currency growth at the Fox International Channels and Star channels which was partially offset by a 13 per cent adverse impact from the strengthened US dollar.

     

    Domestic advertising revenue was flat y-o-y due to lower ratings at FX Networks and National Geographic Channel.

     

    Television

     

    This segment reported a drop of 22 per cent in revenue in Q3-2015 to $1237 million from $1587 million in the corresponding year ago quarter. For 9M-2015, Television segment reported a revenue drop of 8.4 per cent to $3430 million in Q3-2015 from $4265 million in 9M-2014.

     

    Television segment OIBDA in 9M-2015 fell 17.9 per cent ($132 million) to $605 million from $737 million in 9M-2014.

     

    Filmed Entertainment

     

    This segment reported 4.8 per cent improvement in revenue to $2389 million in Q3-2015 as compared to the $2279 million in Q3-2014. For 9M-2015, Filmed Entertainment segment revenue rose 10.8 per cent to $7618 million from $6876 million in 9M-2014.

     

    Segment OIBDA for Q3-2015 improved 7.9 per cent to $382 million from $354 million in Q3-2014.Filmed Entertainment OIBDA improved 15.4 per cent in 9M-2015 to $1176 million from $1019 million in 9M-2014.

     

    The company says that the growth was driven by the successful theatrical releases Taken 3and Kingsman: The Secret Service in the current quarter, which have grossed over $320 million and $400 million in worldwide box office to date, respectively, and theatrical and home entertainment contributions from Penguins of Madagascar. This growth was partially offset by lower contributions from the television production business due to lower SVOD revenues resulting from the prior year sale of several series to Amazon, including 24 and The Americans, and from the adverse impact from the strengthened US dollar.

  • WWE teams with Film Roman for adult animated comedy

    WWE teams with Film Roman for adult animated comedy

    MUMBAI: WWE Studios and Film Roman are going to co-finance and co-produce up to 13 three-minute webisodes of a new adult animated series, Camp WWE.

     

    Film Roman is the animation studio behind The Simpsons and King of the Hill. It will now help to bring to life an animated comedy about what WWE Superstars were like as kids. Mike Benson of Entourage and The Bernie Mac Show will script the series.

     

    “Film Roman has been involved with some of the most well-known and humorous animated series,” said WWE Studios president Michael Luisi. “They are the perfect partners for WWE Studios to capture our Superstars in a truly unique and fun way.”

     

    “Camp WWE is a new and exciting project with a great creative team for Film Roman to be working on with WWE Studios and we are very bullish on its prospects for success. With a combination of their unique personalities, distinctive characteristics and huge built-in loyal fan base, WWE Superstars make for ideal animation subjects in Camp WWE,” added Film Roman GM Dana Booton. “We are very pleased to be working with WWE Studios and hope that it will begin a mutually beneficial, long-term business relationship.”

  • Simpsons, Mickey face a ban in China

    Simpsons, Mickey face a ban in China

    MUMBAI: Foreign cartoons will no more be a source of entertainment for Chinese kids. From 1 September, cartoon series produced outside of China will be banned from local broadcast between 5 pm and 8 pm. The move is an effort to give a boost to the local animation sector.

    According to reports, the ban, which hasn’t been formally announced yet, is said to be in response to the popularity of anime in the Chinese market, and comes from other efforts by regulators to clamp down on international content.

    It also follows a 2004 edict mandating that Chinese cartoons had to account for at least 60 per cent of a channel’s animation output.

    The State Administration of Radio, Film and Television (SARFT) has told stations that prime time TV, from 5 pm to 8 pm, will only be allowed to show Chinese cartoons. Among those banned are The Simpsons, Teletubbies, Mickey Mouse, Blue’s Clues and popular Japanese animation will take a back seat to Chinese animation.

    The first major step was taken in 2000, when SARFT requested that all foreign animations get its approval before being broadcast on Chinese TV. Since 2004 the administration has also built 15 animation industry incubators around the country.

  • Fox to make ‘Simpsons’ movie

    Fox to make ‘Simpsons’ movie

    MUMBAI: Fox has announced that it will make a film based on the television series The Simpsons. the film wioll be released on 27 July, 2007.

    Starring in the animated film are series regulars Dan Castellaneta, Julie Kavner, Nancy Cartwright, Yeardley Smith, Hank Azaria, Harry Shearer, Pamela Hayden, and Tress MacNeille. Guest starring in the movie are Erin Brockovich, Minnie Driver, and Albert Brooks.

    One of the film’s producers Matt Groening says, “We are very excited about the performances in this movie. Come next Oscars, we think it’s going to be Milhouse’s night”.

    Another producer Al Jean says, “I can absolutely guarantee that this film will far exceed the wildest expectations of every Simpsons fan. Start lining up at the theater now, preferably in costume.”