Les Moonves said CBS “is salivating” ahead of Upfronts, anticipating bigger sales and higher prices than last year. In CBS’ earnings call yesterday, the CEO predicted double digit percent price increases, shrugging off concerns about competition from digital. “Questions are now arising about the effectiveness of certain digital media platforms,” noted Moonves, who also said skinny bundle services like Hulu’s planned offering will be a “huge positive” for CBS, as they’d pay rates higher than current partners. CBS’s 1Q16 net earnings were $473 million, up 20 percent versus last year to beat Wall Street forecasts. “CBS delivered a spectacular quarter as we continue to execute on our strategy of creating and distributing the content that audiences have to have,” said Moonves. “Looking ahead, we are in a very enviable position for this year’s Upfront.”
Della Reese, the breakout jazz/gospel singer whose TV credits include talk show Della and Touched By an Angel, died last night at age 86. “I know heaven has a brand new angel this day,” said Reese’s Touched By an Angel co-star, Roma Downey.
Nashville’s 6th season will be its last. “After more than 120 episodes of unforgettable television, we believe that creatively it is time for the series to come to a triumphant close,” said Kevin Beggs, chairman of producer Lionsgate Television Group. Nashville, which moved from ABC for season 5, ranks as CMT’s highest-rated and most-watched show […]
George Clooney is headed back the small screen. The ER alum will star in and direct a 6-episode series for Paramount Television and Anonymous Content, based on the Joseph Heller novel Catch-22.
AT&T is nearing a deal to acquire a full stake Otter Media, its joint digital video venture with the Chernin Group, according to a new report from Digiday. Otter Media – whose properties include Fullscreen, Crunchyroll, Hello Sunshine, and Gunpowder & Sky – was first formed in 2014. Since its inception, it’s been a purely […]
Dana Walden, the co-chair and CEO of Fox Television Group, has joined Hulu’s board of directors. Two other Fox execs already were already serving on the board: Peter Rice, the President of 21st Century Fox, and Brian Sullivan, the President and COO of Fox Networks Group’s Digital Consumer Group. 21st Century Fox currently owns a […]