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Posts Tagged ‘TiVo’

Morning Media Newsfeed: 550 Buyouts, Layoffs at Turner | Amazon Acquires Twitch

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550 Buyouts, Layoffs Imminent at Turner; HLN, CNN Among Cuts (The Wrap)
Some 550 buyouts are to be offered at Time Warner’s Turner network this week, including a large number of those at CNN and HLN, which will lead to layoffs if they are not taken voluntarily, according to an individual with knowledge of the network’s plans. TVNewser CNN chief Jeff Zucker will certainly want to protect CNN’s investment in original series and documentaries; the type of programming he’s gone all in on since taking the reins last year. Which departments and programming are affected by cuts remains to be seen. Variety Word of the staff cuts comes at a time when key Turner nets are at a crossroads. Turner’s entertainment networks are poised for a management overhaul following the departure in April of Steve Koonin as entertainment group chief. Meanwhile, CNN sibling HLN has been rumored to be in for a major makeover, possibly in a partnership deal between Time Warner and Vice Media. B&C The buyouts are part of the Time Warner unit’s efforts to cut costs as part of new CEO John Martin’s Turner 2020 plan aimed at cutting costs and aligning spending with company priorities. Turner officials had no comment, but sources said that the voluntary layoffs will be offered throughout Turner, including its news networks CNN and HLN, as well as its entertainment networks, including TNT and TBS. The company is not aiming at a specific headcount but rather is seeking to hit an expense number that includes personnel and other costs. THR The plan at Turner, which employs about 14,000 people worldwide, involves a formula that will allow workers at least age 55 and with a certain number of years seniority to take a buyout somewhat more generous than the usual two weeks of pay for every one year of service, according to a person familiar with the situation.

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Morning Media Newsfeed: Time Inc. to Relocate | Snowden Talks to NBC | FNC Anchor Arrested

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Time Inc. to Leave Time & Life Building (FishbowlNY)
Time Inc. is moving on. The company announced that it is moving its offices from the iconic Time & Life Building — where the publisher has been since 1959 — to Brookfield Place in Lower Manhattan. Politico / Dylan Byers on Media Time Inc. CEO Joe Ripp announced the news in an email to staff. The move will bring Time Inc. within a two-minute walk of the new Condé Nast offices at One World Trade. Deadline New York The company looked at options in New York and New Jersey. But Brookfield Place’s planned $250 million renovation — adding lots of upscale restaurants and shopping — plus “the incentive package we received from Governor Andrew Cuomo and Empire State Development drove our decision to stay in New York City,” Ripp said. Time Inc. has a long-term lease at 225 Liberty Street to occupy six floors and 700,000 square feet of office space. Variety The publishing company will ease into its new headquarters in late 2015. The relocation comes as parent company Time Warner is preparing to spin-off Time into a separate, publicly traded company on June 6. WSJ With the Time lease, Brookfield has leased about 3 million square feet of the 4.2 million square feet of Bank of America Corp.’s Merrill Lynch office space that expired in 2013.

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Morning Media Newsfeed: Court Orders Video Down | Former Editor Stabbed | TiVo Posts Profit

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YouTube Ordered to Take Down Anti-Muslim Film (The Associated Press / The Big Story)
A U.S. appeals court ordered YouTube on Wednesday to take down an anti-Muslim film that sparked violent riots in parts of the Middle East and death threats to the actors. The decision by a divided three-judge panel of the 9th U.S. Circuit Court of Appeals in San Francisco reinstated a lawsuit filed against YouTube by an actress who appeared briefly in the 2012 video that led to rioting and deaths because of its negative portrayal of the Prophet Muhammad. U.S. News & World Report A trailer promoting the film was blamed for murderous rampages in Muslim-majority countries in 2012 and was initially cited by some U.S. officials as the cause of the Sept. 11, 2012, attack that killed U.S. ambassador Christopher Stevens in Benghazi, Libya. Time The appeals court found that the copyright of one of the stars of the video had been infringed upon because the actress, Cindy Lee Garcia, agreed to appear in something other than what was produced. The film, entitled Innocence of Muslims, depicted the prophet Mohammed as a liar and a child molester. “Garcia’s performance was used in a way that she found abhorrent and her appearance in the film subjected her to threats of physical harm and even death,” chief judge Alex Kozinski wrote for the majority court. The Verge It’s well established that most people involved in Innocence of Muslims had no idea they were appearing in a diatribe against Islam. Garcia was paid $500 for a bit part in sword and sandals movie Desert Warrior, but she later found her footage had been edited for the new film and overdubbed with one of the most controversial lines: “Is your Mohammed a child molester?”

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Morning Media Newsfeed: Netflix Soars | AP Bans Photoshopper | Layoffs at TiVo

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Netflix’s Momentum Continues With 2.33 Million New U.S. Customers in Q4 (The Verge)
Netflix revealed its fourth quarter earnings Wednesday, capping off a banner year that saw the streaming service surpass HBO in subscriber count and earn critical acclaim for its original programming. In Q4, the company handily beat Wall Street expectations with revenue of $1.18 billion and earnings per share of $0.79. During the same period last year (before viewers had streamed a single episode of House of Cards), Netflix earned 13 cents per share on revenue of $945 million. Bloomberg Businessweek Netflix said Wednesday that it expects to sign up another 2.25 million subscribers in the first quarter, with “years of member growth ahead of us,” according to a company letter to shareholders. Netflix shares soared nearly 18 percent in trading after the market’s close, following a 1.5 percent gain to $333.73 in the regular session. NYT The strong growth came even though the service did not add a prominent, exclusive program like the drama House of Cards. One new animated series, TurboFAST, was introduced and the quarter contained the second season of the service’s initial drama series, Lilyhammer. But Netflix did maintain much of its media momentum by being prominently mentioned in award nominations and end-of-the-year best lists. The Guardian Netflix has been experimenting with different subscriber options including different streaming offerings and a lower-priced $6.99 plan for new U.S. customers to get a single stream of standard definition video. On a call with analysts Reed Hastings, chief executive officer, said eventually he would like to have “three simple options to fit everyone’s taste”. He said the company had no plans to run advertising, as does rival Hulu.

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LAT In 90 Seconds

32443007.jpgHey, You Try Lip-Synching With A Stretched Out Uterus: We hate sentences like these: “An out-of-shape, out-of-touch Britney Spears delivered what was destined to be the most talked about performance of the MTV Video Music Awards — but for all the wrong reasons.” We really do.

32441106.jpgT-minus Sleaze And Counting: TMZ will debut tonight on Fox. It won’t be much longer before society crumbles into blackness, rioters take the street and we all begin throwing our feces at each other. Make sure to set your TiVo!

32438274.jpgLAT Asks You To Decide Between Kanye and 50 Cent: Because a few of its readers may have even heard of one of them.