Tag: Viacom

  • ‘The focus for Nick in 2007 is to drive reach’ : Nina Elavia Jaipuria – Nick India vice president & general manager

    ‘The focus for Nick in 2007 is to drive reach’ : Nina Elavia Jaipuria – Nick India vice president & general manager

    While Viacom’s smallest wonder, Nick India wants to be synonymous with fun and laughter, the network seems to have found the perfect fit in Nina Jaipura as a head for the channel. With ‘all smiles’ Jaipuria epitomizes the values that the channel stands for and bursts into sudden bouts of laughter as she describes her favourite shows on the channel like Bakkom, the funny bear, which she gladly advices her team to watch (even at work) to de-stress. Although, the channel entered the Indian terrain in 2000, there has been a singular lack of activity, but better late than never, the Nick team seems to have finally got their act together. In a free flowing conversation with Indiantelevsion.com’s Renelle Snelleksz, Jaipuria outlines the game plan for Nick in India, and the efforts to sprint ahead in 2007.

    Excerpts:

    On recently assuming the position to spearhead operations at Nick, what strategy have you outlined to up its presence in India this year?
    During the latter half of 2006, we made several programming and grid changes as well as modified content strategy to get our content right. We also made inroads into distribution and we are now No. 2 in distribution with about 42 per cent C&S connectivity in the country today. Following this we doubled our time spent by 110 minutes, similarly the market share of Nick also doubled from 6 to 12 per cent over 2006. Once all this fell into place we got a ‘sticky’ audience.

    Having said that, the focus for 2007 is to drive reach for the channel because just having a sticky audience is not good enough, you need to increase the ratings. We will use this year to establish our brand and characters. Basically, it is a year for consolidation since we now have the content right and with distribution and promotion in place, now it’s about driving reach.

    How does the channel plan to implement awareness building initiatives?
    The way we want to do this is through a 360 degree marketing approach and while we have our on-air presence and promotion we are also going to step outside the channel as well.

    In fact, we started our marketing activities last year with the ‘Masti Dosti’ contest and the marketing campaign we did around it. It was about consolidating all the pieces and putting it together for the kids, so while we did school contact programmes, we also did cross channel promotions and even painted school buses with Nick themes. In addition, we did a lot of meet and greet sessions for kids, because it involves getting kids to learn about the characters. We are planning to continue to extensively use school contact programmes with our brand ambassadors SpongeBob and Patrick. In fact, we are also looking at bring Dora from Dora The Explora to India this year for our pre-schoolers.

    By taking these characters into malls, multiplexes and getting them to run alongside kids during the Mumbai Marathon we wanted to give them a touch and feel experience as well as sample shows on the channel. That’s how we intend to look at Nick in the way forward.

    You will also see us across many other channels where kids are viewing other shows. We will have syndicated blocks and Nick advertising on Sony, Max, Zee and Zee Cinema. In addition, we are also into regional channels like an ETV Marathi or Zee Bangla. We are reaching out to kids through various means, as you have to touch them at their touch points.

    In the kid’s television space how will Nick differentiate itself from growing competition?
    As a channel we stand apart from the rest and what differentiates us is that everything on our channel today is something that is going to make you laugh. We are a comedy destination and this is the stand we want to take forward.

    The laughter quotient actually operates as a brand filter for all content that goes on our channel. The second aspect of our content is that it has to be appropriate in terms of being absolutely safe and completely non-violent. Therefore it goes through the gatekeeper, which is the mother and we have her trust as well. The content is also universal in terms of gender and is age appropriate catering to kids in the entire 4-14 age group.

    Apart from this, we do have a message for younger kids as well, with the Nick Jr. block which is a mix of education and entertainment. It’s about edutainment where you learn while you play and in which every story has a moral.

    Nick has been a leader in international markets especially US and UK. However, it hasn’t been able to deliver the same results in India despite its launch in 2000. Why so?
    Well it’s all about timing. The focus of the network is now on Nick which was not there earlier. We now have a core structure which is aligned to the business objectives of the channel. In fact we already saw it happening in the last quarter of 2006 and we will see more activity this year.

    We will continue to create a loyal audience and keep delivering on content that has been adopted globally, which has placed us in the first and second position in most countries.

    Why are Indian kids not yet hooked onto Nick, despite its seven year existence in India? Is it that they cannot relate to the content?
    It’s not about kids not liking the content on Nick, but more about kids not sampling the content on the channel because it’s not been out there for them. Once we spread awareness, we will get kids hooked as the content will speak for itself.

    It’s about how much we can do and how fast we can do it.

    Nickelodeon recently unveiled a virtual community playground ‘Nicktropolis’ – What about an interactive website for the channel in India?
    We are also looking at launching a grand website for ourselves as what you see today is a very small portion of it. It will be very comprehensive, telling kids about the initiatives at Nick, it will have all the shows and characters and of course it will host several contests and games. It will give kids a chance to interact and play around with these characters.

    In today’s digital environment, is there effectiveness in reaching out to kids via the mobile phone?
    I think this is a metro specific phenomena, as most kids have access to their parents’ phones, so its still too early to say now, but it will definitely grow. Therefore, all our websites have a mobile SMS function for contests and activities. Once we believe that kids have direct access to this medium we will get onto downloads, ring tones and wall papers. We have already started with digital based products with the SpongeBob PC game.

    Can we expect to see an expansion on the merchandise front?
    We tied up with Bombay Dyeing for bed linen, a SpongeBob PC game has been developed and is available at Planet M, Dora the Explora apparel range has been unveiled and can be found in Landmark and Pyramid and a whole collection of party products in Big Bazaar and Hypercity.

    We have also kicked off what is called a ‘Nicksters Club’ using a database, to send out monthly flyers via snail mail or email. Along with giving kids activities to do, it also announces their birthdays and sends out a little gift to them, which is nice gesture from the channel.

    Apart from International acquisitions, do you think it’s time to strengthen localized programming, a strategy that several other kids’ channels have also adopted?
    The strength of Nick lies in its pedigree and the of kind that has been produced for over 27 years in various countries. That content has proven itself across the world therefore we need to first optimize on the content that we already have. There is a lot of scope to bring that content to India, package it and give it an Indian flavour and then roll it out to kids.

    While we may look at local productions sometime in the future, currently there is a great opportunity to cash in on the pedigree that exists with us. Kids are not really very culture specific, they are so universal in nature that everything works for them, and it’s really how you deliver it.

    Will the channel introduce any new shows?
    Yes, in fact we will launch two acquired shows Tumoya Island and Meteor and The Mighty Monster Trucks on the pre- school block Nick Jr. this month.

    Any plans to bring to Indian initiatives like ‘Kids Lets Just Play’ that encourage children to go outdoors and play or the ‘Kids Choice Awards’?
    It is just a matter of time, as the focus currently is to create a presence that will connect with kid’s, activities such as these will then be a follow up. These are our own International properties and there is no reason why we will not bring them here. But there is still time for that, first we need to establish a larger viewer base.

    What is the time line that has been set to achieve this?
    My clock is already ticking! (She laughs) There is really no time line, it’s about how much we can do and how fast we can do it. Like I said, the intent is there we just have make it happen.

    Could you elaborate on the NDTV Media’s role and some of their activities? Which new advertisers have been roped in and by how much has ad sales increased?
    The last quarter has been good for us even in terms of ad sales, we put the infrastructure in place by outsourcing this to specialists like NDTV Media. They have helped us rope in four main new sponsors for SpongeBob Pakdra Pakdri contest including LIC as the main sponsors, co-presenting sponsors Maggi rice noodles Mania and associate sponsors Perfitti’s Big Babool and Tata Sky. Britannia, Liberty Shoes and Zapak.com are a few more advertisers that joined in, so we look forward to a happy year on that front with a lot more brands joining us.

    As for the ad sales increase, it would be an abnormal percentage to mention, as you could almost say we started from scratch, however we look forward to many more initiatives and NDTV is surely going to have its hands full.

    Currently, what’s the management structure like in terms of a marketing, content and creative team?
    Under my stewardship I have a programming director – Anu Sikka, a marketing director – Shalu Wadhwa, on air promotions – Shuchita and a research director – Shatrupa Thakar and a team of about 18 youngsters.

    What do you perceive as the way forward for a kid’s broadcaster in the highly competitive scenario in India? What is the biggest challenge in catering to kids?
    There is long way to go, we need to get to the top of the chain and that’s the intent right now. The kid’s category has always been dynamic and competition will continue to be there but there is definitely space for more players, giving more choice to the viewer.

    The challenge lies in the fact that kids have a short attention span so if you don’t capture them in the wink of an eye you might as well not at all. At any point of time if the child is surfing channels, you should be able to grab his attention, therefore everything that you put on your grid of the channel makes a huge difference.

  • Viacom asks YouTube to remove unauthorized clips

    Viacom asks YouTube to remove unauthorized clips

    MUMBAI: YouTube, the online video sharing site from Google faces yet another controversy as Viacom asks the website to remove more than 100,000 unauthorized clips from its hugely popular video-sharing site.

    Viacom has been through several rounds of talks with YouTube and Google but has not managed a breakthrough as far as ‘filtering’ or ‘revenue sharing’ for clips and video is concerned.

    Viacom said in a statement that after several months of talks with the website “it has become clear that YouTube is unwilling to come to a fair market agreement that would make Viacom content available to YouTube users.”

    Viacom has repeatedly negotiated with YouTube and Google to deliver on several “filtering tools” to control unauthorized video from appearing on the site.

    Although the company is asking YouTube to take the clips down, it has not taken legal action.

    Under federal copyright law, online services such as YouTube are generally immune from liability as long as it responds to takedown requests. But the legal lines blur when another user posts the same video.

    YouTube said in a statement that it would comply with the request from Viacom and said that it cooperates “with all copyright holders to identify and promptly remove infringing content as soon as we are officially notified.”

    In November, YouTube had agreed to delete nearly 30,000 files after the Japan Society for Rights of Authors, Composers and Publishers complained of copyright infringement.

    Some media companies such as CBS Corp. and General Electric Co., NBC Universal have made deals to allow YouTube to use video clips from their programming. But the site is yet to agree over ways to get compensated for the use of their copyrighted material.

    Universal Music Group had threatened legal action for copyright infringement and piracy of music videos. It later reached a licensing deal with them last year.

    Despite Viacom’s problems with YouTube, the company’s MTV Networks division reached a licensing deal last year with Google that allows the search company’s video service to use clips from MTV and its sibling networks under a revenue-sharing agreement.

  • Nickelodeon unveils virtual community playground ‘Nicktropolis’

    Nickelodeon unveils virtual community playground ‘Nicktropolis’

    MUMBAI: Nickelodeon, a division of Viacom Inc.’s MTV Networks, has launched new kid-targeted virtual community titled Nicktropolis on 30 January. It promises to offer visitors multi-media experience giving them an opportunity to engage in a virtual world filled with web-based activities.

    According to an official release issued by the company, (at Nicktropolis, available at http://www.nicktropolis.com/ or through http://www.nick.com/), kids will have their own virtual community where they will have the opportunity to play games, watch video, explore Nickelodeon-branded and original environments, interact with other kids or Nickelodeon characters in real time, and create their own personalized 3D rooms.

    “Virtual worlds like Nicktropolis are part of our strategy to bring immersive, relevant entertainment experiences to our audiences wherever they are, and to build communities around our content across every kind of platform,” said MTVN chairman and CEO Judy McGrath. “The virtual worlds we’ve been building across our networks give the fans of our brands the high level of interaction they want with one another, and with the content itself.”

    Kids enter Nicktropolis by assuming an “avatar” that they design and personalize, choosing from an array of hairstyles, skin tones and clothing styles. Once a user selects a destination, the avatar appears in the particular environment and can move around simply by clicking where he/she wants to go.

    “Nickelodeon has a deep connection with kids, and Nicktropolis is built from our knowledge that kids’ interest in social networking is all about gaming,” said Nickelodeon and MTVN Kids and Family Group president Cyma Zarghami. “Nicktropolis serves as a one-of-a-kind multimedia virtual entertainment playground for kids that allows them to watch video from our immense library of programming, play games, interact with our characters and safely communicate with each other through controlled chat.”

    The site offers a 3D environment consisting of four main areas containing multimedia experiences, gaming, and opportunities to personalize their space, create video play lists of their favourite Nickelodeon content, and interact in a safe, community environment. Additionally, the company states that Nicktropolis incorporates numerous safety features to ensure kids’ virtual playground experience is as safe as possible. Participation in Nicktropolis relies entirely on the anonymous registration system, which does not allow kids to divulge personal, identifiable information, adds the release.

    Nickelodeon’s Nicktropolis is MTV Networks’ latest move in serving its audiences through original online and wireless content across all of its brands. This follows from Nickelodeon’s latest research study, Living in a Digital World (2006), which found that 86 per cent of kids 8-14 are gaming online; more than half (51 per cent) are watching TV shows and videos online; 37 per cent are instant messaging and 12 per cent are participating in chat rooms.

  • FCC to examine relationship betweeen TV ads and obesity in kids

    FCC to examine relationship betweeen TV ads and obesity in kids

    MUMBAI: The controversy over the role TV ads play in kids obesity in the US is growing.

    US Senator Sam Brownback, and US media watchdog Federal Communications Commission (FCC) chairman Kevin Martin unveiled plans for a Valentine’s Day forum to examine potential voluntary actions that might ease any negative effects ads might have on children.

    The FCC announced the list of participants on the Task Force on Media and Childhood Obesity: Today and Tomorrow. The Task Force will hold its first meeting on 14 February, 2007.

    The Task Force consists of representatives of consumer advocacy groups, the food and beverage industry, media companies, and advertisers, as well as healthcare and academic experts. The participants include: American Diabetes Association, American Society for Nutrition, Coca-Cola, Kellogg Company, McDonald’s, Pepsi, Viacom, Discovery and Disney.

    The Commission is represented by Chairman Martin and Commissioners Deborah Taylor Tate and Michael Copps. They are joined by Brownback and Senator Tom Harkin. The goal of the Task Force is to provide a forum for the public and private sectors to jointly examine the impact of the media on childhood obesity rates and collaborate on voluntary recommendations to address the alarming rise in the rates of obese children.

  • MTV networks COO Michael Wolf quits

    MTV networks COO Michael Wolf quits

    MUMBAI: There seems to be no end to the executive departures at Sumner Redstone’s Viacom Inc. A day after Gail Berman resigned as president of Viacom’s Paramount Pictures, putting in less than two years in the organization, MTV Networks president and chief operating officer Michael Wolf is also leaving Viacom’s MTVN.

    Wolf left McKinsey to join the media group’s transition to the digital age but is leaving barely a year later.
    According to the company’s website, Wolf and MTVN president of affiliate sales and marketing Nicole Browning will be leaving the company.

    Wolf led the company’s business and technology operations, including advertising sales, affiliate sales and marketing, business and strategy development, business and legal affairs, finance, information systems and technology and production operations.

    Browning oversaw the distribution activities of MTV Networks including MTV: Music Television, MTV 2, mtvU, MTV Tr3s, MTV World, VH1, Nickelodeon, Nick at Nite, Spike TV, Comedy Central, Logo, TV Land, Noggin/The N, CMT, VH1 Classic, The Digital Suite from MTV Networks, and BET Networks including BET, BET Gospel, and BET J.

    Earlier last week Wolf had revealed to the media that there was a “gap in perception” in the market about Viacom’s internet activities. He also added, ‘We’ve been able to accomplish a huge amount in the 15 months I’ve been here’. During his tenure, Viacom acquired a slew of internet gaming and film startups, including Xfire and Atom Entertainment.

    Wolf’s departure had been a subject of speculation since Redstone, Viacom’s chairman and controlling shareholder, ousted Tom Freston in September 2006 from his post as chief executive and replaced him with board member Philippe Dauman.

    It was widely believed that Freston, one of the MTV founders, was blamed for the company’s failure to acquire MySpace, the popular social networking site, and the perception that the cable group was being eclipsed by a new generation of youth-oriented media companies.

    In early 2006 Viacom’s research maven Betsy Frank exited the company after nearly a decade. Company sources pointed out that they would be working with Frank on a consultancy basis over a number of projects. MTVN president ad sales Larry Divney also stepped down on 1 April but would continue to be exclusive consultant to the network on their various projects.

    This is the latest in a long line of top ranking executive exits at Viacom’s MTV Networks which in hindsight could now be said to have begun with the resignation of MTV COO Mark Rosenthal in 2004 following Judy McGrath’s promotion to chairman and CEO of MTV Networks.

    The company’s January 2006 split from CBS has led to a huge upheaval in its top management ranks. Wolf’s departure is the latest in this series. MTVN will begin searches for a new COO and a new head of Affiliate Sales and Marketing immediately it has said.

  • Bob Bakish appointed president, MTV Networks International

    Bob Bakish appointed president, MTV Networks International

    MUMBAI: Viacom veteran Bob Bakish has been appointed president, MTV Networks International (MTVNI), reporting to Bill Roedy, who will retain oversight of MTVNI in addition to his global role as vice chairman, MTV Networks.

    In the newly-created position, Bakish will take on day-to-day management responsibility for MTVNI, including the local and regional operations across Europe, Latin America and Asia-Pacific, as well as International functions and business units. Reporting to Bakish will be the managing directors of the key regions and MTVNI Chief Operating Officer Alex Ferrari, who will continue in his current role.

    A 10-year veteran of the company, Bakish is currently Viacom’s executive vice president, operations and Viacom Enterprises, responsible for strategic planning, business development, Famous Music, Viacom Plus and IS&T. Bakish also heads up the company’s cross-divisional marketing council. MTV Networks is a unit of Viacom Inc.

  • MTV Networks names global digital media team

    MTV Networks names global digital media team

    MUMBAI: MTV Networks (MTVN), a unit of Viacom has announced a new global digital media executive team. The central team will provide strategic guidance to the company’s portfolio of multiplatform brands, driving cross-brand initiatives and sharing best practices in operations, technology, and distribution. The team will report to MTV Networks Global Digital Media president Mika Salmi and partner hand-in-hand with digital leaders at MTVN’s brands and business units.

    The team will help guide MTVN’s brands in digital distribution expansion, product development and technical support, and cross- brand programming, informs an official release.

    The global digital media team from throughout MTVN includes the following executives, Global Digital Media executive VP Operations Denmark West, MTVN Games and Interactive Media Group EVP and GM Nicholas Lehman, Global Digital Media EVP and creative director Kenny Miller, Digital Media Technology senior VP and chief technology officer Nick Rockwell, MTVN Mobile Media senior VP Greg Clayman and MTVN Global Digital Media senior vice president, online distribution and partnerships Jason Witt.

    Rockwell will continue to report to Viacom and MTV Networks chief information officer Joe Simon. Clayman and Witt will continue to report to MTVN affiliate sales and marketing president Nicole Browning, adds the release.

    “Our digital brands demonstrate the kind of innovation and creativity that have always been signatures of MTV Networks,” said MTVN chairman and CEO Judy McGrath. “Mika Salmi and his new team have the expertise to harness that collective power and deliver first-rate content across any and every screen.”

    “We’re all about connecting audiences with our content — and each other — through immersive environments that span TV, online, and wireless,” said Salmi. “With this team in place, we’re poised to deepen our audience connections, reaching them wherever they are, whenever they want, and on whatever screen they choose.”

    The company claims that the formation of the Global Digital Media team furthers MTVN’s strategy of developing brands that engage, empower and connect diverse and highly targeted consumers with culturally relevant creative content and unique experiences across every platform.

  • Mega Brands inks intl. toy deal with Nickelodeon & Viacom Consumer Products

    Mega Brands inks intl. toy deal with Nickelodeon & Viacom Consumer Products

    MUMBAI: Mega Brands Inc., toys, games and puzzle providers, has entered into a multi-year international licensing partnership with Nickelodeon and Viacom Consumer Products to develop construction toys based on Nick Jr.’s preschool character brands.

    As per the agreement, Mega Brands obtains the rights to develop an assortment of construction toys including buildable playsets and vehicles based on Nickelodeon’s preschool brands, including Go Diego Go!, The Backyardigans and Dora the Explorer, informs an official release.

    The new licensed product offerings will launch in 2007 beginning with the United States and Canada with an expansion to additional markets including the United Kingdom, France, Australia, and Latin America later in the year and others in 2008.

    The deal was announced by, Mega Brands executive VP Vic Bertrand, Nickelodeon and Viacom Consumer Products senior vice president/Hard Goods Sherice Torres and Nickelodeon and Viacom Consumer Products senior vice president/International Tanya Haider.

    “Nickelodeon and MEGA Brands share a common commitment to providing families with programming and products that foster imagination, education and social development,” said Bertrand. “We are excited to help bring Nickelodeon’s loveable characters to life for children across the globe through the power of block building. These are tremendous properties for expanding our system of blocks as Dora, Diego, and The Backyardigans characters open up new play patterns of building activities for children.”

    “As NVCP builds on the tremendous success of Dora the Explorer internationally and rolls out Nick Jr.’s hit properties, Go, Diego, Go! And The Backyardigans to new markets in 2007, it is the perfect time to extend our preschool portfolio into the construction toy category by partnering worldwide with MEGA Brands,” added Haider.

  • Viacom chairman Redstone sued by nephew

    Viacom chairman Redstone sued by nephew

    MUMBAI: US media conglomerate Viacom chairman Sumner Redstone has been sued by his nephew Michael Redstone. Michael has also named his own father in his suit.

    Media reports state that in the suit Michael says that both his uncle and father cheated him of a stake in the media conglomerate. Redstone accuses his uncle and father Edward of ‘self- dealing’, ‘breaches of fiduciary duties,’ and ‘unjust enrichment’ in buying back shares of National Amusements (NAI) the company that controls Viacom, CBS and Midway Games – at low prices.

    In response a spokeswoman for NAI said that the allegations are knowingly baseless regarding entirely proper transactions that occurred decades ago. NAI will therefore defend vigorously against what it terms as a meritless and frivolous lawsuit.

    Reports add that Michael Redstone is looking for money damages amounting to what the present value of the plaintiffs’ approximate 50 per cent share of National Amusements are worth today.

    Joining Michael Redstone in the suit are trustees of the trusts representing Sumner and Edwards’ children. The buybacks occurred in 1972 and 1984 and the company is estimated to be worth about $8 billion.

    It is the second suit recently filed against Redstone by a family member. Sumner Redstone’s son Brent filed a suit against his father earlier this year, claiming that he was entitled to a one-sixth interest in National Amusements, valued at more than $1 billion. No trial date has been set for that suit state reports.

  • Viacom’s Q3 revenues up 7% to $2.66 billion

    Viacom’s Q3 revenues up 7% to $2.66 billion

    MUMBAI: US media conglomerate Viacom Viacom has reported financial results for the third quarter ended 30 September, 2006.

    The company reported revenues and operating income of $2.66 billion and $655.5 million, respectively, for the quarter, compared with revenues and pro forma operating income of $2.48 billion and $744.5 million, respectively, in the third quarter of 2005.

    The seven per cent growth in revenues was driven by a 10 per cent revenue increase in the cable networks segment. Operating income however declined 12 per cent versus 2005 pro forma operating income, as a 14 per cent gain in the cable networks segment operating income was more than offset by a decline in the Entertainment segment.

    Viacom executive chairman Sumner M. Redstone said, “Considering the short time that Philippe Dauman has been in place as CEO, I am truly impressed with our solid third quarter results, particularly the performance of our well-known cable brands. I am confident that you will see further operational success in the not too distant future. Viacom will continue to expand on its creative heritage and move rapidly to the forefront of emerging digital markets, keeping us on the path to outstanding long term financial performance and free cash flow generation.”

    Viacom president and CEO Philippe Dauman said, “We achieved significant financial and operational progress in the third quarter and we remain on track to deliver on our goals for the full year. I see even greater opportunities to build for future growth as we harness Viacom’s powerful brands, popular content and unique connections with the audiences that are driving the digital revolution. Viacom is rich in the short-form content that is highly attractive to online consumers, underscored by our position as a leading entertainment content property on the Internet today with an aggregate 37 million monthly unique visitors in September.

    “We intend to continue to invest in our future and enhance profitability for the long term, as well as for the short term. We are making rapid progress and are intensifying our focus on continuing to grow our industry- leading flagship brands both here and in promising markets abroad, on accelerating the growth of our less-developed cable channels and underutilized content libraries, and on driving existing and newly created programming to audiences across every platform.

    “In addition to internal development, we will continue to apply a rigorous and selective approach to acquisitions that emphasizes coordination and execution and will add businesses in core areas that offer compelling experiences for our consumers.”

    Revenues increased by $182.3 million, or seven per cent to $2.66 billion. Cable networks segment revenues increased 10 per cent to $1.84 billion. Worldwide ad revenues at the Cable Networks segment increased by seven per cent to $1,090.1 million and affiliate fees climbed 12 per cent to $510.4 million. Cable networks segment acquisitions contributed $23.7 million of revenue growth, principally internationally, or 1.4 points of the segment’s total growth.

    The entertainment segment revenues were up one per cent or $11.9 million. DreamWorks and the distribution activities for DreamWorks Animation and DreamWorks live-action library films acquired on 31 January, 2006 contributed $279.2 million which was almost entirely offset by the box office success of War of the Worlds in the third quarter of last year. Films released in the current quarter included World Trade Center, The Last Kiss.

    The company reaffirms its full year 2006 guidance to deliver double digit revenue and operating income growth compared to 2005 revenues of $9.61 billion and 2005 pro forma operating income excluding unusual charges of $2.60 billion.