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Posts Tagged ‘Scripps Networks Interactive’

Morning Media Newsfeed: Netflix to Up Prices | NBC Evaluates Gregory | Slate Plus Launches

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Netflix Plans Price Raise as Streaming Subscribers Grow (Reuters)
Video streaming service Netflix Inc. said it intends to raise its subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers. WSJ Netflix said the price increase for the $7.99 a month service, the first since 2011, would help pay for its continued investment in original programs, including series such as House of Cards and Orange Is The New Black. Netflix has committed to spend billions of dollars in programming in the past few years as it has grown to become the biggest stand-alone subscription programming service in the U.S., passing some long-standing traditional TV outlets like HBO in terms of subscribers. Mashable Current subscribers would stay at the $7.99 price for a “generous time period,” the company wrote in a statement to investors. “Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only,” the company wrote. The news came as Netflix announced that it added 4 million new members in the first quarter of 2014, as the company beat revenue and profit expectations. Variety In after-hours trading Monday, Netflix’s stock climbed as much as 7 percent to $372.05 per share, after closing up 0.8 percent for the day at $348.49. Netflix also said that in the second quarter of 2014, it will launch the first pay-TV integration of its service in the U.S. That’s after lining up deals with European providers including the U.K.’s Virgin Media to provide access to the unlimited streaming-video service through operator-supplied boxes. Deadline New York The company generated $53.1 million in net income in the first quarter of 2014, up from $2.7 million in the same period in 2013, on revenues of $1.27 billion, up 24 percent.

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Meredith, Scripps Readying Boatload of New Web Series

Interesting piece by New York Times advertising writer and blogger Stuart Elliott. He takes a look at the 2013-14 sponsored Web series battle plans of two very familiar media companies – Meredith and Scripps Networks.

Among the shows coming down the pike are Baby Sleep 911, which will follow a baby sleep consultant into various parents’ homes; Bonkers Awesome!, showcasing food blogger Joy Wilson; and How We Broke the News, featuring couples explaining how they told relatives of their intention to marry.

On the Meredith side, a key hire in support of all this was made in the spring:

A cornerstone of Meredith Originals was the arrival in April of Laura Rowley as vice president for video production and product at the Meredith National Media Group, based in New York. She had been executive producer for original video and partnerships at The Huffington Post.

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Cablevision Customers Get Their Food Network Back

food network.jpgAfter a month of battling over fees, tri-state cable provider Cablevision and Scripps Networks Interactive have reached an agreement, bringing Food Network and HGTV back to three million subscribers yesterday.

Financial terms of the deal were not announced, but in the last month Food Network president Brooke Johnson said the channel weren’t asking for much. Johnson called the network’s additional fee requests “pennies on top of pennies,” explaining that the Scripps channels were only “trying to correct a historic mistake and be compensated for the value we think we bring to Cablevision’s customers.”

Bloomberg reports that Scripps sought a 200 percent increase to its annual fee for both networks (Food Network previously cost about 8 cents per subscriber per month on average) but Cablevision refused to pay up, claiming the costs would have to be passed on to subscribers.

Food Network and HGTV apologized to viewers for the disruption on Web sites they established during the programming lapse, ILoveFoodNetwork.com and ILoveHGTV.com:

“This has been a trying three weeks for all of us — most of all you, our loyal fans. We know that that many viewers have been disappointed and upset with the circumstances.”

Will Cablevision subscribers see apology commercials on Food Network, too? We’re guessing they’re just happy to have some of their favorite channels back.

Cablevision, Scripps Reach Deal on Food Network, HGTV –Bloomberg

Food Network president on failed Cablevision negotiationsEntertainment Weekly

Previously: Fee Negotiations Drive Food Network, HGTV From Cablevision