Business News: New York Media Summit 2015 – The State of the Ever Expanding Media Industry

AddThis Social Bookmark Button

Digital Hollywood hosted its annual Spring New York Media Summit with players in the space presenting keynotes, symposiums, panel discussions and projections of the future as the divergent of entertainment, gaming, cable and traditional print, online digital and the exploding video space.

Sponsored by Standard & Poor’s who also hosted its annual state of the union projection breakfast which provided sector by sector analysis, adding variables, equations and possible to disrupt the foreseeable future of the sector. Standard & Poor’s Media, Entertainment and cable industry breakfast briefing. And opened the floor up for questions allowing participants the opportunity to quiz the analysts on the possibilities.

Standard & Poor’s Analyst Breakfast

The S&P 2015 outlook was presented by Nicole Deiz Lynch with Key Media Themes by Naveen Sarma. Sectors were represented by Michael Altberg, Cable Operators: Implications of the Title II Regulations; Naveen Sarma, Over The Top (OTT) Video Services; Andy Liu/Naveen Sarma Programmatic Advertising; Chris Valentine, Cable Networks; Jawad Hussain, Local TV Broadcasters and Minesh Patel Newspaper Industry Trends.

The print industry, the aging senior of media, was still given a place at the table, and by the panelists own admission, the innovation of these groups are what will keep them viable and of course, jokingly Minesh Patel added possibility, as seating was arranged by sector strength and his was the last seat, print will re-emerge with strength than he said “I will be seated at the first chair.”

As it was the case study for the print media, the Newspaper, was the New York Times, who has seen its share of poor ratings from the Standard & Poor’s team. Today however the venerable group is praised for their turnaround since 2009 almost forced the grey lady in homeless distress when they barely escaped a “C” rating. To the Gray Lady’s credit she has regained her glory and is now rated B+ Stable.

Netflix’s Receives a Negative Rating; DreamWorks Animation, Stable - Industry Credit Ratings

The shocking credit rating for this summit was the lowered credit rating by Standard & Poor’s to Netflix’s, who even with the tremendous growth still received a B+ Negative outlook.

Other entertainment ratings DreamWorks Animation SKG, even as the media continues to weekly add earthshattering fiscal news, S&P rates them a “B” Stable. Lions Gate Entertainment Corp, BB-, Stable; Metro-Goldwyn-Mayer B+ Positive.

Goggle is the only company to receive a double A Stable rating; Walt Disney Co. received an A Stable rating and Ad Agency, Scripps Interactive Network Inc., A- Stable.

All others were in either triple, double or single “B” ratings with Viacom receiving a “BBB” Negative rating and IHeart Inc., Clear Channel radio who received a Triple C+ Negative rating.

On The Horizon

Other major brands were also present. People.com was represented by the newest additions to its family, the EIC, Will Lee, Digital Editorial Director and Associate Publisher, Suejin Yang VP/General Manager Digital Entertainment and Anne Toal, Associate Publisher, People.com.

People Magazine celebrated its 41st birthday. Today the staple brand is looking to reinvent itself as the choice of the youth culture adapting to the mode and method of delivery while maintaining its print strength and hopefully integral and a cross brand first choice in media option for its loyal audience and next generation.

Hot Trends

The hot trend coming out of the 2015 Spring New York Media Summit would be the explosion of video channeling, engagement and branding. The idea behind this is of course to use the second and third screens, the computer or hand held as the primary tol for engaging the consumer in disposable time segments.

Although I wouldn’t bet the bank on the trend of video explosion, I did agree that it will continue to grow and video can be a learning tool, a go to for engagement of brands and the disposable choice during rare downtime moments.

The drawbacks to full immersion are consumer driven which while at the forefront of the choices for a fuller video experience simple facts will prohibit the 24-7 consumption.

First, timed content, 2minutes, five minutes 60 minutes and up for entertainment or live streaming on the consumer side equate to data usage. Not all providers offer unlimited data. Explaining to the consumer to adopt changes in carrier choices for the sole purpose of engagement in our brands even as a different carrier may offer more but ultimately the consumer wants what they want and dictating the market never works.

So simple data usage will be a drawback especially if carriers have their way and limit all personal accounts to a set monthly allotment.

If the consumer doesn’t have the freedom to engage in the entertainment brands in a leisurely setting trekking off to the local Starbucks’s to view films or other long branded content can be a downside.

Daytime/Nighttime Data Consumption

People or other celebrity driven, feel good based consumer brands will probably see an increase as these are “daytime” consumptions. Which is another factor in building the video explosion – the daytime or work data usage or nighttime personal data usage.

Without moving into an in-depth analysis which I leave to the experts, I would point to two other ideas that were initially met with dead-end possibilities that of crowdfunding which experts explained the illegalities of it all will make it an impossible choice of funding and the 4D, which as I ventured to speak once was met with disdain and honestly a bit of a condescending retort.  

So sometimes even the “experts” get it wrong. I would say video, as we all love the visual experiences, will continue to bloom. It clearly isn’t anywhere near a saturation point and consumers will continue to see, more sophisticated deliveries in video engagement.

Cable Vision media sales also acted as a Silver sponsors. Media and Event sponsors included Deloitte, Janrain, rovi, Verizon Digital Media Services Vindicia and Overlook.

Vindicia and Hearst Digital Media hosted a pre-Media Summit invite dinner for 30 leaders in their particular areas as well as press and industry analysts that I was fortunate enough to attend.

Digital Hollywood, the International Conference on Television, Broadband, Mobile, Video, Advertising, Cable, publishing and magazines social media, news media, motions pictures and gaming will host its next Media Summit, at the Marina Del Ray Ritz-Carlton in April.

For more information: www.digitalhollywood.com

 

Haute Tease

  • Academy Announces 2016 Oscars® Governors Ball Creative Team

    AddThis Social Bookmark Button

    Academy governor Jeffrey Kurland, event producer Cheryl Cecchetto and master chef Wolfgang Puck will return to create this year’s Governors Ball, the Academy of Motion Picture Arts and Sciences’ official post-Oscar®celebration.  

  • Business News: Michael Winkler New President and CEO Of Bentley Motors Inc.

    AddThis Social Bookmark Button

    Bentley Motors today announced that Michael Winkler will become President and Chief Executive Officer of Bentley Motors Inc., the regional office for Bentley Motors in the Americas, with effect from 1st April 2015. He succeeds Christophe Georges, who was recently appointed Director of Product and Marketing for Bentley's global organization.  

  • Audience Awards Launches Film Festival with Focus On Innovation And Diversity

    AddThis Social Bookmark Button

    The Audience Awards Film Festival, a four-day festival, will showcase 110 award-winning short films by world-class filmmakers, highlight the next generation of storytellers and celebrate some of the most respected, diverse industry veterans of our time.  

  • Breaking News: 13 Dead On Campus; 20 injured in Oregon Mass Shooting

    AddThis Social Bookmark Button

    A lone gunman opened fire on the Umpqua Community College Campus in Roseburg, Oregon this morning killing 13 students and injuring 20 in an all too common scenario that left the shooter “neutralized” and reportedly deceased at the scene.  

  • L’Ecole Serves Sunday Brunch For Charity

    AddThis Social Bookmark Button

    L’Ecole, the restaurant of The French Culinary Institute, recently extended an invitation to enjoy the classic French cuisine prepared under the supervision of internationally renowned master chefs.

     
  • Obama Addresses UN; Romney Campaigns in Ohio - The Road to the White House - Election 2012 - Week 39

    AddThis Social Bookmark Button

    President Barack Obama and Republican Presidential Candidate Mitt Romney sparred heavily this week stumping in hard hit Ohio as the campaigns heated up in the pivotal swing state.

     
  • Academy Museum of Motion Pictures Announces Three Major Naming Gifts

    AddThis Social Bookmark Button

    BEVERLY HILLS, CA – The Academy of Motion Picture Arts and Sciences announced today that it has received three $5 million naming gifts from producer and Academy Governor Gale Anne Hurd; philanthropist and CEO of Onex Gerald Schwartz and his wife Heather Reisman; and the family of the iconic film exhibitor Ted Mann—Victoria Mann Simms (Ted Mann's daughter), her husband Ron Simms and their family. These gifts will help to fund the design and construction of the Academy Museum of Motion Pictures.

     
  • The Academy Focuses A "Spotlight On Crafts: Music & Sound" In New York City

    AddThis Social Bookmark Button

    The Academy of Motion Picture Arts and Sciences will present "Spotlight on Crafts: Music & Sound," a spring and summer series illuminating the art of sound for motion pictures and the significant influence it has in film.

Crime

  • Drive-By Shooting Kills Seven

    AddThis Social Bookmark Button

    Gun fire erupted in the coastal community of Isla Vista, near UC Santa Barbara, in a drive-by shooting that left seven dead and another seven injured in what police are calling a premeditated attack by a disgruntled student.

     
  • Baruch Fraternity Members Face Charges in PA Murder Case

    AddThis Social Bookmark Button

    Pocono County prosecutors have announced the intent to bring charges against all thirty of the Pi Delta Psi Fraternity members present the night pledge Chun Hsien Deng was killed in a hazing ritual in rural Tunkhannock Township, Pennsylvania.

     
  • James Bulger Appeal Deadline Nears

    AddThis Social Bookmark Button

    James Bulger, the notorious Boston mobster convicted in what has been called a sham proceeding, is fighting for the chance at a new trial to present evidence of alleged deals he had with members of the Massachusetts State law enforcement.

     
  • Homicide Ruling in Staten Island Choke Victim Case

    AddThis Social Bookmark Button

    The death of Eric Garner, 43, the Staten Island father of two choked to death by New York Police Officers after being detained on a city street, has been ruled a homicide by the New York City Medical Examiner.

     
  • Michael Skakel, Kennedy Cousin, Set To Be Released

    AddThis Social Bookmark Button

    Michael Skakel, nephew to the late Robert F. Kennedy, is set to be released from the Connecticut prison where he has spent the last 11years for the 1975 bludgeoning death of neighbor Martha Moxley.

     
  • James Eagan Holmes Found Guilty in Aurora Shooting; Hank Brennan Explains Sentencing Phase

    AddThis Social Bookmark Button

    James Eagan Holmes, former doctoral student, has been found guilty in the Aurora movie theater attack that left 12 dead and more than 58 injured as he stormed, in paramilitary fashion, the midnight showing of the film, The Dark Knight Rises.

     
  • Mom Charged in Newborn’s Homicide

    AddThis Social Bookmark Button

    Amanda Catherine Hein, 26, recently gave birth to a healthy baby boy in the bathroom of a local Bethlehem, Pennsylvania sports bar and promptly smothered him to death and stuffed his remains in the toilet tank.

     
  • 11 Tons of Cocaine Seized; Undercover NYC Sting Nabs FOX Producer; HuffPo Blogger; Chipotle CMO

    AddThis Social Bookmark Button

    A three nation joint task force comprised of American, Italian and Colombian law enforcement have seized 11 tons of cocaine and arrested 33 people in a mafia-linked drug ring in the jungles of Colombia, South America.

Auto, Yachts, Jets, Real Estate

  • Celebrity Real Estate News: Walt Disney's Palm Springs Vacation Home on The Market

    AddThis Social Bookmark Button

    When Walt and Roy Disney co-founded the Walt Disney Co. in 1920, they had dreams of large success, but likely could not have fathomed becoming the world leader in fantasy, cartoon characters and family film. 

     
  • Celebrity Real State News: Enrique’s Former Miami Mansion, with Prime Bay and Skyline Views, On Market

    AddThis Social Bookmark Button

    The Iglesias men cover a wide range of music genres.  Father Julio, now 73, with his chiseled features, deeply romantic songs, and smooth bedroom voice, with a law degree on the side, has sold over 120 million records.  

     
  • Chris Hemsworth Opts Out of LA; Puts Luxurious Malibu Property On The Market

    AddThis Social Bookmark Button

    Chris Hemsworth, who is best known for his roles in Thor, The Avengers, and Rush, has recently put his luxurious home nestled in the Malibu Hills, surrounded by natural privacy landscaping, on the real estate market.

     
  • Los Feliz Property of Drake Bell Hits The Market

    AddThis Social Bookmark Button

    The Los Feliz home of actor and singer Drake Bell, better known for his recent gigs in "Superhero Movie" and "The Ultimate Spider Man," who lost the property during bankruptcy proceedings, has hit the market at just over 1.5million.

     
  • Toronto Mansion of former Newspaper Magnet Conrad Black Set For Auction

    AddThis Social Bookmark Button

    A grand and coveted historic Canadian mansion, privately located in Toronto's premier Bridle Path enclave, just 15 minutes outside of downtown Toronto, will be offered for sale at auction after 65 years of family lineage.

     
  • Private Telluride Mountain Estate Expected To Sell for $18 Million At Auction

    AddThis Social Bookmark Button

    A private mountain estate centrally located in the heart of world-renowned ski town Telluride will sell to the highest bidder next month as part of Concierge Auctions' "Winter Portfolio" auction sale in New York City.

     
  • Mystery Buyer, In Dramatic Fashion, Purchases Beverly Hills Mansion of Late Steamy Queen of Romance Novelist Jackie Collins

    AddThis Social Bookmark Button

    Queen of Hollywood romance, steamy sex and scandal novels, author Jackie Collins, took her readers to Hollywood behind the scenes, even if fictionalized. Though born and raised in London, Jackie followed her older sister, actress Joan Collins, to Tinseltown in the 1960s.