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Tag: Viacom

  • Viacom takes full ownership of MTV Japan

    Viacom takes full ownership of MTV Japan

    MUMBAI: US network MTV has agreed to acquire the remaining interest in joint venture MTV Japan from private equity firm H&Q Asia Pacific (H&QAP). This will give MTV a 100 per cent ownership in MTV Japan.

    The acquisition will be MTV’s largest in the Asia-Pacific region and will enable the broadcaster to accelerate growth in Japan and facilitate cross-pollination of innovations across the region and worldwide.

    In addition to the MTV Japan joint venture, MTV currently owns and operates Nickelodeon and the digital media brand Flux in the market. Upon completion of the deal, MTVN will combine MTV Japan with Nickelodeon and Flux into one cohesive business where the assets of each brand can be optimised across the entire operation. Prior to this agreement, MTV held a minority stake in MTV Japan.

    MTV’s parent Viacom president and CEO Tom freston says, “Japan is a huge and important market with a very advanced digital infrastructure. By taking sole ownership of MTV Japan we can now seamlessly operate all of our companies there on a multi-platform basis, putting us on a path to significantly grow our Japanese business.”

    MTV US chairman and CEO Judy McGrath says, “This deal represents an important step forward in our strategy to drive international growth. Japan is one of the most dynamic media markets in the world, and we are now positioned to lead the Asia-Pacific region in terms of delivering innovative entertainment content to young adult consumers across all platforms.”

    H&QAP chairman Dr. Ta-lin Hsu says, “The success of MTV Japan underscores the acceptance of the brand and its importance across emerging economies in Asia. At H&Q Asia Pacific, we are proud to have played an integral role in helping MTV Japan establish a leading market position.

    “This transaction demonstrates our ability to migrate consumer brands to the Asia-Pacific region.”

    H&QAP says that it was instrumental in bringing the MTV brand to Japan in 2001. H&QAP acquired Japan’s music channel Vibe from Pioneer in 2000 and subsequently created a new joint venture partnership with MTV that became MTV Japan in 2001.

    Capturing the potential growth in Japan’s cable
    and satellite TV industry and seizing the emerging Internet & mobile opportunities by leveraging MTV’s strong brand in cable and satellite TV, MTV Japan was created to provide multi-platforms for audiences and sponsors.

  • Robert Traub is Nick, Viacom Consumer Products senior VP, retail development

    Robert Traub is Nick, Viacom Consumer Products senior VP, retail development

    MUMBAI: Nickelodeon and Viacom Consumer Products (NVCP) in the US has made Robert Traub the senior Vice President, retail development in the organisation.

    In his expanded role, Traub has been charged with building NVCP’s international retail relationships and maximising world-wide product presence for Nick Jr., Nickelodeon, Nickelodeon Movies, Paramount Pictures, Comedy Central, MTVN International and Spike TV licensed properties — all of which are part of the Viacom family.

    Currently, NVCP products are sold in 23 countries worldwide, with an increasing number of retail partners operating globally. NVCP has recently expanded its licensing programmes to include recent hit properties including Go, Diego, Go!; The Backyardigans and Avatar: The Last Airbender.

    Traub will now develop US and international programmes, business models and strategies for the full NVCP portfolio, that increase distribution, sell-in and sell-through in all
    retail classes of trade.

  • Viacom’s 2Q revenue up 24 per cent

    Viacom’s 2Q revenue up 24 per cent

    MUMBAI: US media conglomerate Viacom has reported financial results for the second quarter and six months ended 30 June 2006. For the quarter, revenues and operating income increased to $2.85 billion and $663.2 million, respectively.

    Viacom executive chairman Sumner M. Redstone says, “Viacom’s solid second quarter results prove that the enduring strengths of our content and our segment leading brands continue to resonate with consumers and advertisers. We have a great foundation from which to take full advantage of the growth opportunities we see ahead by not only expanding on our traditional businesses, but also by profitably integrating new platforms with significant future growth potential.

    “Equally important, Tom Freston and the Viacom management team have an unmatched track record of repeatedly and successfully leveraging emerging technologies, which gives us great confidence that we can continue to outperform the competition in this rapidly changing environment.”

    The acquisition of DreamWorks and the commencement of distribution activities for DreamWorks Animation and DreamWorks live-action library filmscontributed $345.1 million or 63% of the reported growth versus last year. The cable networks segment revenues increased 8% to $1.75 billion, with domestic ad revenues was up 10 per cent to $969.1 million, and affiliate fees up 11% to $501.8 million. Entertainment revenues were up a reported $418.4 million in the quarter principally attributable to DreamWorks.

    The company reaffirms its full year guidance to deliver double digit revenue and operating income growth compared to 2005 revenues of $9.61 billion

    In the cable network segment, affiliate revenue growth was driven by rate and subscriber increases as well as new channel launches in international markets. Ancillary revenues were relatively flat as increases attributable to syndication were substantially offset by decreases of Comedy Central home video sales, which benefited in 2005 from the release of The Chappelle Show.

    Domestic revenues increased by nine per cent in the quarter with advertising revenues up 10 per cent (compared to a six per cent increase in the first quarter of 2006). International revenues were up four per cent in the quarter including $5.8 million in incremental revenues related to a UK acquisition. International advertising revenues declined 2% (compared to a 13% decline in the first quarter of 2006) or $2.1 million, driven principally by continued softness in Germany and the UK.

    Affiliate revenues were up 13% internationally driven by the UK acquisition and new channel launches. International ancillary revenues increased. The increase in operating expenses in the cable networks segment reflects an aggregate eight per cent increase in programming and production costs on shows such as The Colbert Report, The Daily Show at Comedy Central, and VH1 Rock Honours. This was partially offset by the non-renewal of the WWE package at Spike TV, The Chappelle Show, and the one time special VH1’s Save the Music.

    Television license fees increased $207.3 million including increases in DreamWorks related distribution revenues of $108.9 million. In addition total international revenues were higher due to the number and mix of available titles which included SpongeBob SquarePants, Without a Paddle and The Manchurian Candidate.

    Movie revenues increased $168.7 million in the second quarter principally as a result of revenues related to the distribution of DreamWorks Animation’s Over the Hedge. In addition, international theatrical revenues benefitted from the release of Mission: Impossible III and Failure to Launch in comparison to War of the Worlds and Sahara in theaters during 2005.

    The increase in ancillary revenues of $32.9 million was principally driven by studio rental income as well as increased music royalties earned by Famous Music. On a geographic basis, domestic revenues increased $190.5 million or 39 per cent substantially all of which is attributable to DreamWorks, offset by lower theatrical and home entertainment revenue for Paramount titles.

    International revenues increased $227.9 million, or 106 per cent driven principally by theatrical and television revenues. Higher international theatrical revenues, principally driven by Mission: Impossible III and Failure to Launch contributed an incremental $110.2 million of revenue as compared to titles in release in 2005 which included War of the Worlds and Sahara.

    International television revenues, which increased $121.5 million, benefited from additional mix of such titles as Manchurian Candidate and SpongeBob SquarePants as well as titles distributed for DreamWorks such as Shark Tale and Meet the Fockers. Home entertainment revenues declined by sevent per cent, or $8.4 million internationally due to weaker international performance of recently released titles as compared against SpongeBob SquarePants and Team America in the prior year.

  • Viacom, Adobe forge alliance to deliver web, mobile content

    Viacom, Adobe forge alliance to deliver web, mobile content

    MUMBAI: US media conglomerate Viacom and Adobe Systems have announced a strategic alliance to develop and deliver Viacom’s branded content using the Adobe Engagement Platform.

    Through this agreement, Adobe will become Viacom’s preferred technology provider for rich media authoring tools and interactive online video solutions. This will enable Viacom to deliver content from its television, motion picture and digital properties to online and mobile audiences in compelling ways. The two companies will also work together in developing new media applications leveraging Viacom’s exclusive content and using Adobe’s next-generation developer tools and ubiquitous cross-platform client software.

    The Adobe Engagement Platform is a versatile foundation for capturing and holding audiences’ attention through more active and effective applications and media. Through the combined reach of the Adobe Reader and Adobe Flash Player clients, which are installed on more than 600 million connected PCs and devices worldwide, the Platform enables businesses to connect with customers, no matter which medium they choose.

    Viacom president and CEO Tom Freston says, “This partnership with Adobe is an important step towards ensuring that our company has the most robust and state of the art online and mobile video applications. We are very excited to be working so closely with Adobe, which is a real innovator with a great track record”.

    Viacom will utilise Flash video as an interactive online video solution and provide Viacom-branded content to mobile phone handsets via FlashCast™ channels. Flash video delivers secure, high-quality seamless video experiences. FlashCast is a flexible client-server solution that effectively delivers rich, intuitive branded experiences on mobile devices. Using Adobe technology, Viacom will also develop entirely new applications leveraging content from Viacom properties including MTV, Comedy Central, Spike TV and Nickelodeon.

    Adobe CEO Bruce Chizen says, “Adobe and Viacom share a vision for how to bring Viacom’s world-class programming and content to online and mobile audiences in innovative ways. This relationship and the Adobe Engagement Platform will accelerate Viacom’s ability to create and deliver new kinds of digital entertainment across different mediums, regardless of which operating system, browser or device viewers are using. Our Engagement Platform is continuing to gain momentum as a powerful means of reaching and connecting with consumers on their terms, anytime, anyplace.”

  • Google to distribute ad supported MTV content

    Google to distribute ad supported MTV content

    MUMBAI: Media company Google has inked a deal with US media conglomerate Viacom.

    The online search behemoth will distribute clips of MTV’s shows that contain advertising to other web sites.

    Media reports state that sites that are part of Google’s AdSense Network will get MTV’s content. Google, Viacom and the AdSense partners will split revenues derived from the tie-in of advertising and content.

    The content will include SpongeBob SquarePants and Laguna Beach. The move will give Viacom a much broader reach than traffic to its own Web Sites. Google now uses the AdSense network to place paid-search ads for advertisers.

  • Viacom looking to acquire social networking site Bebo

    Viacom looking to acquire social networking site Bebo

    MUMBAI: In a bid to connect better with youth US media firms are looking to buy social networking sites. Last year, News Corp plonked down $580 million for MySpace.

    Now media reports indicate that Viacom is looking to acquire Bebo, a social networking site. In the UK, reports indicate that it has overtaken MySpace. In the US, though it has fewer users. It has 25 million users globally compared to around 90 million for MySpace.

    On Bebo, members can stay in touch with their college friends, connect with friends, share photos, discover new interests and just hang out. Reports indicate that it also provides video sharing (via VideoEgg widgets) and built-in Skype presence. While the designs may be more controlled than MySpace pages, most of Bebo’s success seems to arise from network effects – users join Bebo because everyone else is using the site.

    The founders of Bebo are said to be looking at upwards of a billion dollars. British Telecom’s offer of around $400 million was reportedly turned down. For the week ending 5 August, Bebo was the most visited social network in the UK, and its market share of visits has grown 17 per cent in the past two weeks. 1 in every 135 UK visits goes to Bebo, which is now the 11th most visited site on the Internet. Viacom was also said to have been looking at one stage to acquire Facebook the second largest social networking site in the US.

  • Comedy Central celebrates comic icons with a new show

    Comedy Central celebrates comic icons with a new show

    MUMBAI: PUS media conglomerate Viacom’s comedy channel Comedy Central is kicking a documentary show Legends later this year in September.

    The channel says that Legends is a new type of documentary series that takes an inside look at the legends of comedy as told through the voices of comedy insiders and those who worked with them and knew them intimately.

    It is a modern tribute that focusses on each legend’s on-stage persona and off-stage personality, while examining how and why they ascended to the ranks of comic royalty and their influence on the modern-day comedy scene.

    It will have clips of memorable performances and interviews with peers and acolytes, each individual, hour-long episode of Legends will retain its own style and unique flavour, just like the legends themselves. The first comedian who will be profiled is the late comic icon Rodney Dangerfield.

    The other comic personalities that will be profiled include talk show host Jay Leno, actor Ben Stiller and Jerry Seinfeld.

  • Spike TV’s Blade premieres with 2.5 million viewers

    Spike TV’s Blade premieres with 2.5 million viewers

    MUMBAI: US media conglomerate Viacom’s cable channel for men Spike TV has announced that its first original action show Blade: The Series, which premiered a few nights ago, saw 2.5 million viewers tuning in. This is the highest premiere in its history for an original series. The show takes off from the vampire films Blade, which star Wesley Snipes.

    Additionally Blade: The Series was the number one entertainment show for the night with men 18-34 and 18-49. It tallied triple-digit gains in all key male demos versus last year including up 517 per cent in M18-34 (2.6 rating, 680,000 viewers), up 472 per cent in M18-49 (2.2, 1.17 million), up 277 per cent in viewers (2.5 million), and up +247 oer cent in household rating (2.0, 1.8 million).

  • MTV Networks chief digital officer Jason Hirschhorn quits; Nick Lehman to be interim digital head

    MTV Networks chief digital officer Jason Hirschhorn quits; Nick Lehman to be interim digital head

    MUMBAI: Viacom division’s MTV Networks chief digital officer Jason Hirschhorn has resigned from his post.

    MTVN digital executive vice president Nick Lehman will replace Hirschhorn as an interim replacement.

    Hirschhorn was appointed as chief digital officer last year in November. He had joined MTVN in 2000 with the acquisition of his music-centered Mischief New Media. He will stay on through the summer to ease the transition.

    Hirschhorn was instrumental in developing the digital music service Urge, which is a tie-up between MTV and Microsoft Corp. He also spearheaded MTV’s digital media business and interactive strategy aimed at reaching audiences via the Internet and mobile devices.

  • Viacom to launch Comedy Central in Germany next year

    Viacom to launch Comedy Central in Germany next year

    MUMBAI: MTV Germany will launch the first dedicated comedy channel on free-to-view German television. Comedy Central launches next year.

    To this end, the channel will broadcast not only shows from its American namesake, but also home-grown German productions. In addition, it will provide a platform for local comedy talent.

    MTV Germany vice president Markus Andorfer will oversee Comedy Central in addition to Nickelodeon. He says, “In the US, we have made a name for ourselves with programmes such as South Park, Chappelle’s Show and the Emmy Award-winning Daily Show with Jon Stewart. The schedule will be tailored to German tastes, to help us reach the 14-49 year olds audience in Germany.”

    Andorfer oversaw the launch of Nickelodeon, successfully establishing it in the marketplace since it began broadcasting in September 2005.

    Comedy Central’s channel manager in Germany Thorsten Sievert says, “This new position is particularly challenging, because there has never been a 24-hour comedy channel on German television.”