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Posts Tagged ‘Edmund Lee’

Morning Media Newsfeed: Amazon Halts Disney Titles | Brady’s Death Ruled A Homicide

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Amazon Halts Some Disney Movie Preorders (WSJ)
Amazon.com Inc. has halted preorders for some DVDs and Blu-ray discs from media giant Walt Disney Co., including popular titles such as Captain America: The Winter Soldier, in an apparent contract dispute. CNET However, preorders of digital versions on Amazon Instant Video are still available. The situation is reminiscent of an apparent dispute between Amazon and Warner Home Video in which preorders of discs for The Lego Movie, Transcendence, and 300: Rise of an Empire vanished from the site earlier this summer. Amazon hasn’t publicly commented on that situation, but it’s thought that the move is intended to apply pressure on Warner to gain greater margin on each sale. Time Amazon has been engaged in an increasingly acrimonious dispute with Hachette over eBook pricing, with Amazon restricting the sale of Hachette books until the two parties arrive at terms. More than 900 authors, including Malcolm Gladwell and Stephen King, have signed an open letter criticizing Amazon’s policies. Amazon hasn’t yet publicly commented on the apparent dispute with Disney. Variety Disney, on its U.S. homevideo site, is directing customers to Walmart and Best Buy for pre-orders of Maleficent and other upcoming releases. Muppets Most Wanted also is available for pre-order from Target. Deadline Hollywood Discussions will be continuing between Amazon and Disney throughout the week to try to resolve the pricing issue.

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Forbes Media Sells Majority Stake to Hong Kong Investor Group

In the past six years, Forbes has expanded its international publishing reach from nine licensed local editions to 36. Content is now consumed in 63 countries, in 21 different languages.

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Today, the company solidified its international reach with the announcement that a majority stake has been sold to a group of Asian investors. From today’s release:

The newly formed Hong Kong-based investor group Integrated Whale Media Investments (“IWM”) is composed of international investors. The group is led by Integrated Asset Management (Asia) Limited (“IAM”).

IAM, which was founded by Tak Cheung Yam, is a Hong Kong-based investment company primarily engaged in public and private equity investments, with expertise in telecommunications, finance and technology. Another significant investor in IWM, Wayne Hsieh is the co-founder of ASUSTeK Computer Inc., one of the world’s leading PC vendors and the No.1 motherboard manufacturer in the world. He is based in Singapore.

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Michael Wolff: Time Inc. Brands Attractive to Buyers [Updated]

magazines_articleWriting in USA Today, Michael Wolffwho typically hates everything — finds a few things to love. Namely, Time Inc.’s magazines. He says that many of the company’s brands are attractive to buyers, who still see the value in print.

“While the huffers and puffers tell each other that digital media — with pitiful revenue and significant losses — is the future, print, even as a shadow of its former self, throws off major dough,” explains Wolff.

A snippet of which magazines would go where: Sunset and Southern Living to Meredith; InStyle to Hearst or Condé; Entertainment Weekly to The Hollywood Reporter; Sports Illustrated to ESPN; and Fortune to The Wall Street Journal. As for Time, Wolff claims that it “probably doesn’t have a happy fate.” People would end up a standalone business.

“Print is the hopeless past, but one left with enough cash flow to be somebody’s excellent future,” writes Wolff.

Update (9:38 am):
Edmund Lee, a media reporter for Bloomberg, tweeted the following in response to Wolff’s column: “@MichaelWolffNYC gets some facts wrong on @Time_Inc (PeopleMag had $636m in sales, not $1B) Casts doubt on other $.”

Bloomberg Names New Media Reporter

Edmund Lee, a Digital Media Reporter for Ad Age for the past year, is moving on to Bloomberg News. Lee tweeted that at Bloomberg he will be covering News Corporation, Time Warner and Viacom. Prior to Ad Age, Lee wrote features for WWD.

According to Lee, he starts at Bloomberg in a “a few weeks.”

Time Inc. Execs Talk To Advertising Age

Edmund Lee over at Advertising Age has an interview with Time Inc.’s CEO Jack Griffin and newly-appointed Chief Digital Officer Randall Rothenburg. In the interview Griffin explains that Time Inc. will be focusing its digital energies on mobile technology and Rothenburg discusses what he can bring to the company. There’s also a section where Rothenburg discusses Angry Birds as a prime example of what makes a good app, explaining that creativity is vital in gaining consumer’s attention.

The interview is a good, quick read for the end of the day. However, we must warn you that when Rothenburg talks about Angry Birds, he fails to explain what you’re supposed to do when you get to level 9-7 and you have those stupid obese red birds and the pigs are all protected with those damn construction hats and no matter what strategy you take YOU CANNOT BEAT THE LEVEL AND IT DRIVES YOU CRAZY. Just in case you were wondering.