Media

Subterms

    Latest story

    100 Shares187 Views

    Sean ‘Diddy’ Combs’s Empire: Winnowed, but Still Weighty

    by

    The music mogul’s business portfolio has shrunk, in part because of multiple sex abuse allegations, but his wealth remains a critical factor as his criminal case unfolds.In arguing to keep Sean Combs in jail until his trial on federal racketeering and sex trafficking charges, prosecutors have portrayed him as a lavishly wealthy, well-connected music mogul who would be well positioned to flee. In court papers, prosecutors cited media reporting that estimated his wealth at close to a billion dollars.But as Mr. Combs’s reputation has unraveled amid a wave of high-profile lawsuits and criminal charges, so has his business portfolio. Once a major brand ambassador and chairman of a media platform, he has been forced to withdraw from those roles. In June, several months before Mr. Combs was indicted, Forbes estimated his net worth at $400 million, down from $740 million in 2019.Mr. Combs’s fortune has been at the forefront of his public persona since the 1990s, when the success of his hip-hop and R&B label, Bad Boy Entertainment, meant he was known as much for his high-flying, champagne-popping lifestyle as the music he produced.One year ago, Mr. Combs, who is known as Diddy, was at the helm of an ever-growing portfolio: He was a record label founder, a liquor promoter, a cable TV and digital media chairman, a philanthropist and a fashion executive with a label called Sean John.Mr. Combs has gained prominence as a record label executive, a liquor promoter and the founder of a cable TV and digital media platform.From left: Theo Wargo/WireImage, via Getty Images; Stan Honda/Agence France-Presse — Getty Images; Dimitrios Kambouris/Getty Images for Revolt TV“He was a larger-than-life marketer,” said Dessie Brown Jr., an entertainment consultant who long viewed Mr. Combs as a model for building a career. “He always talked about being like a ringleader in a circus.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    More stories

    • 125 Shares169 Views

      in Television

      N.B.A. Announces Lucrative Rights Deals With Disney, Comcast and Amazon

      by

      The league rejected a bid by Warner Bros. Discovery to match Amazon’s offer.The National Basketball Association announced new rights agreements with Disney, Comcast and Amazon on Wednesday after rejecting a rival bid by Warner Bros. Discovery that would have kept games on its TNT network, which has broadcast the N.B.A. since the 1980s.The companies will collectively pay more than $76 billion over 11 years, according to four people familiar with the negotiations who spoke on the condition of anonymity to discuss the financial details. That will substantially increase the league’s annual revenue and reflects the continued importance of live sports programming even as streaming has reconfigured the entertainment industry.In making the announcement, the league said it had rejected Warner Bros. Discovery’s bid this week to match Amazon’s offer for its share of the package.“Throughout these negotiations, our primary objective has been to maximize the reach and accessibility of our games for our fans,” the league said in a statement. “Our new arrangement with Amazon supports this goal by complementing the broadcast, cable and streaming packages that are already part of our new Disney and NBCUniversal arrangements.” (NBCUniversal is owned by Comcast.)“All three partners have also committed substantial resources to promote the league and enhance the fan experience,” the statement added.The new deals, which include N.B.A. and some W.N.B.A. games, will take effect with the 2025-26 season and are more than two and a half times the average annual value of the league’s current rights agreements.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 150 Shares199 Views

      in Movies

      David Ellison Poised to Become a New Mogul in a Diminished Hollywood

      by

      David Ellison is poised to soon run Paramount Pictures, among other entertainment assets. But what does that mean in a fractured cultural landscape?In 1994, when Sumner M. Redstone bought Paramount Pictures for about $10 billion, the equivalent of about $22 billion today, he did more than just take over a company. He ascended a cultural throne.Studios like Paramount — founded in the 1910s, operating soundstage complexes and controlling vast film libraries — were valuable businesses on the verge of hitting a mother lode: the DVD. Perhaps more important, however, they gave their owners a precious identity as certified members of the cultural elite.Movies still towered above everything. Top ticket sellers in 1994 included touchstones like “The Lion King,” “Schindler’s List,” “Interview With the Vampire,” “Mrs. Doubtfire,” “Philadelphia,” “Speed” and “Pulp Fiction.” In 1995, when “Forrest Gump” — a Paramount release — won the Oscar for best picture, more than 48 million Americans tuned in to watch.Those days are over.On Sunday, the Redstone family reluctantly relinquished Paramount, passing the studio to David Ellison, the tech scion behind a 14-year-old entertainment company called Skydance. If the complex deal closes, Mr. Ellison and his backers, which include RedBird Capital Partners, will spend roughly $8 billion on a collection of assets that include Paramount, CBS, two streaming services and a portfolio of cable networks, such as MTV, Nickelodeon, BET and Comedy Central.Considering the movie studio alone was worth $22 billion in 1994, it was not exactly a celebratory moment in Hollywood. Rather, it was another example of harsh reality intruding on a world that still likes to fantasize about recapturing its golden age. (Universal recently renovated its lot, adding a sign over one of its entrance gates that reads, “Welcome all who change the world.”)Sure, Mr. Ellison, 41, now ranks as a bona fide Hollywood mogul. But what does that even mean in 2024? His ascendance bears no resemblance to the robber barons like Mr. Redstone who came before him, partly because there is precious little left to rob.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 138 Shares189 Views

      in Music

      Sean Combs Sells Stake in Revolt, the Media Company He Founded

      by

      After a wave of lawsuits accusing Mr. Combs of sexual assault, the two are “completely separated and dissociated from each other,” the company’s chief executive said.Sean Combs, the hip-hop mogul who has been facing mounting legal scrutiny over allegations of sexual and physical abuse, has sold his majority stake in Revolt, the media company that he founded, the organization announced Tuesday.The largest shareholder group at Revolt, a private company, is now made up of employees, its chief executive, Detavio Samuels, said in an interview ahead of the announcement.Now known best for popular video podcasts such as “Drink Champs,” “The Jason Lee Show” and “Caresha Please,” Revolt was started by Mr. Combs more than a decade ago as a music industry-focused cable channel meant to boost Black representation on television.In January, after a wave of lawsuits were filed against Mr. Combs, he agreed to start the process of separation from Revolt, Mr. Samuels said.Mr. Combs’s business empire has shrunk significantly since November, when Casandra Ventura — his former girlfriend, who performs music as Cassie — filed a lawsuit accusing him of years of physical and sexual abuse. The suit was settled in a day, but five more followed from women who accused Mr. Combs of sexual assault.Mr. Combs, 54, who is also known as Puff and Diddy, said last year that the lawsuits contained “sickening allegations” from “individuals looking for a quick payday.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 100 Shares149 Views

      in Television

      O.J. Simpson: Made in America, Made by TV

      by

      In O.J. Simpson’s life and trials, television was a spotlight, a microscope and a mirror.One of the strangest quotes I can remember associated with O.J. Simpson came from the broadcaster Al Michaels during the notorious freeway chase in 1994. Michaels, a sports commentator now covering the flight from the law of one of America’s biggest celebrities, said that he had spoken with his friend Simpson on the phone earlier. “Al,” Michaels recalled him saying, “I have got to get out of the media business.”For a man who was about to be arrested and charged with the murder of his ex-wife, Nicole Brown Simpson, and her friend, Ron Goldman, it was an odd statement. But it was accurate. Simpson, during and after his pro football career, was a creature of the media business. With the freeway chase, and the acrimonious trial on live TV, he would essentially become the media business. Simpson, who died Wednesday at age 76, was one of the most-seen Americans in history.What did people see when they looked at O.J. Simpson? A superstar, a killer, a hero, a liar, a victim, an abuser, an insider, a pariah — often many of these at once. In his fame and infamy, he was an example of what celebrity could make of a person and a symbol of what the media could make of a country.Simpson’s football career made him a TV star in itself, as he became the first N.F.L. running back to rush for more than 2,000 yards in a season, with the Buffalo Bills. But he found his way into mass-market stardom during the commercial breaks, doing endorsements for RC Cola, Chevrolet and, most famously, Hertz rental cars.Simpson was a star for the Buffalo Bills, but endorsements dramatically increased his fame.Getty ImagesAs the documentary “O.J.: Made in America” would later detail, race was a subtext of Simpson’s fame, even in his pitchman days. There was a sense of social relief in having white America, after the civil-rights battles of the 1960s, embrace a charismatic Black star. It felt good for the country to like O.J.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 150 Shares99 Views

      in Television

      Tom Sandoval’s Interview Shows the Perils of Doing PR for Reality TV

      by

      Publicists who work with “unscripted” people say it presents several challenges.Tom Sandoval, a star of “Vanderpump Rules,” has shared a lot in the decade that he has appeared on that reality TV show, the 11th season of which began airing on Bravo in January. But in a recent interview with The New York Times Magazine, Mr. Sandoval, 41, said things that surprised even people who were well familiar with his penchant for shocking behavior.Speaking about the public interest in an affair he had with a co-star while he was dating another co-star, a tryst known as “Scandoval,” Mr. Sandoval said that he was not a historian of pop culture, but that he “witnessed the O.J. Simpson thing and George Floyd and all these big things, which is really weird to compare this to that, I think, but do you think in a weird way it’s a little bit the same?”Mr. Sandoval also said he felt that he received more hate for his affair than the actor “Danny Masterson, and he’s a convicted rapist.” He spoke in the presence of a member of his publicity team, which to some was as astonishing as his comments.The writer who interviewed Mr. Sandoval for The Times Magazine wrote that a representative for Bravo contacted her after their conversation took place and before it was published to relay concerns about what he had said.Alyx Sealy, a publicist for Mr. Sandoval, declined to comment for this article. Bravo declined to participate. Adam Ambrose, a publicist who represents reality stars and who has represented Mr. Sandoval in the past, said in an emailed statement that working with people on reality TV could present unique challenges because of the nature of that genre.“Unscripted stars portray and are their authentic selves, so at times the lines can be blurred for them to discern between being in front of the camera and speaking to the media,” said Mr. Ambrose, the founder of Brand Influential, a public relations company in Los Angeles, who emphasized that he was speaking generally and not about any specific client, past or present. “Sometimes they may be perceived as uncoachable, making it more challenging to manage their media presence from a P.R. perspective.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

    • 125 Shares189 Views

      in Television

      Madison Avenue’s Biggest Event Returns, to a Whole New World

      by

      In the three years since the television industry’s biggest companies pitched their shows to advertisers in person at the so-called upfronts, the entertainment industry has been flipped on its head.For the first time in three years, the circus is coming back to town.The television industry’s biggest showcase for advertisers, the so-called upfronts, will return to Manhattan landmarks like Radio City Music Hall and Carnegie Hall after the pandemic put the glitzy, in-person galas on hold. Just like in the old days, media executives will make their best pitch to persuade marketers to buy tens of billions of dollars of commercial time in the coming months.But thanks to the vastly changed media industry, many aspects will be radically different. The companies themselves have changed: CBS merged with Viacom and then renamed itself Paramount Global, and WarnerMedia and Discovery completed a megamerger, forming Warner Bros. Discovery. The tech giant YouTube is making its debut on the presentation lineup this week, and there is already intrigue that Netflix could join the fray next year.And instead of unveiling prime-time lineups that will roll out in the fall, media companies are expected to spend a large portion of their time talking up advertising opportunities on streaming services like HBO Max, Peacock, Tubi and Disney+. There’s good reason for that: Advertisers are now allocating closer to 50 percent of their video budgets to streaming, up from around 10 percent before the pandemic, several ad buyers said in interviews. The free ad-supported streaming platforms Tubi and Pluto were highlights for their owners, Fox and Paramount, in the most recent quarter.“The upfronts used to be ‘Here’s 8, 9, 10 p.m. on Monday night’ — I don’t think anybody cares about that anymore,” said Jon Steinlauf, the chief U.S. advertising sales officer for Warner Bros. Discovery. “You’re going to hear more about sports and things like Pluto and less about the new Tuesday night procedural drama.”Stephen Colbert during the 2019 CBS upfront. CBS merged with Viacom and then renamed itself Paramount Global since the last time it was featured on an upfront stage.John P. Filo/CBSThe courtship is no longer one-sided, when reluctant streaming platforms once put a stiff arm to commercials. As subscriber growth starts to slow for many streaming services, advertising — a mainstay of traditional media — is gaining appeal as an alternative source of revenue.Netflix, which resisted ads for years but is aiming to debut an ad-supported tier later this year after a subscriber slump, is expected to play a larger role in future upfronts. Disney+, which has so far continued to increase its subscriber count, said this year that it would also offer a cheaper option buttressed by ads.“Streaming is part of every single conversation that we have — there isn’t an exception based on who your target it is, because whether you’re targeting 18-year-olds or 80-year-olds, they’re all accessing connected TV at this point,” said Dave Sederbaum, the head of video investment at the ad agency Dentsu. Last year, ad buyers spent $5.8 billion on national streaming platforms, an amount dwarfed by the $40 billion allocated to national television, according to the media intelligence firm Magna. But television sales peaked in 2016 and are expected to decline 5 percent this year, compared with a 34 percent surge projected for streaming ad revenue as services offer more preproduced and live content.The rapid changes in viewing habits have caused many marketing executives to shift toward ads placed through automated auctions and “away from legacy models like upfronts” where “advertiser choice is limited,” said Jeff Green, the chief executive of the ad-tech company The Trade Desk.“As advertisers are seeing reach and impact erode from traditional cable television, they are focused on moving to premium streaming content,” he said during his company’s earnings call last week. “Increasingly, this is the most important buy on the media plan.”But streaming will not be the only topic at the upfronts — the events themselves will also be center stage.After two years of upfront pitches recorded from executives’ living rooms, buyers will fly into New York from around the country. They will shuttle among grand venues to watch presentations while seated alongside their competitors. Some venues are asking for proof of vaccination, while masks are a must at some; Disney is requiring a same-day negative Covid test.To many networks, hosting an in-person upfront was nonnegotiable this year.“This show cannot be too big,” Linda Yaccarino, the chairwoman of global advertising and partnerships at NBCUniversal, said she told producers of the company’s presentation at Radio City Music Hall on Monday. “Having everyone in the room together, there is no surrogate for that.”“Every single brand and marketer and advertiser comes in for the upfront week,” said Rita Ferro, the president of Disney advertising sales and partnerships. “It’s going to look and feel very different because it is very different — there’s so much more that we’re bringing to the stage.”Many of the week’s showcases will eschew a detailed rundown of nightly prime-time schedules and instead offer a more holistic view of available content platforms.Mr. Steinlauf, the Warner Bros. Discovery advertising chief, who is a veteran of several decades of upfronts, described changes that represent “the biggest shift of my career.” He said streaming was “the future, the new frontier,” and heavily watched athletic events were “the new prime time.” Warner Bros. Discovery will make its upfronts debut on Wednesday in front of 3,500 people at Madison Square Garden.Jo Ann Ross, Paramount’s chief advertising revenue officer, said that its event on Wednesday would “show a broader look.” She described it as a “coming-out party as Paramount” for the company formerly known as ViacomCBS.“It will feel different than what it was in the past,” she said.On Tuesday, Disney will abandon its usual upfront home at Lincoln Center and move to a space in the Lower East Side at Pier 36. The presentation will feature its three streaming platforms — Hulu, ESPN+ and Disney+ — sharing a stage for the first time. NBC Universal will highlight its technological capabilities, such as data collection, while also drumming up its Peacock streaming platform, even though the service already made a pitch earlier this month during NewFronts, an event for digital companies courting Madison Avenue.Linda Yaccarino of NBCUniversal said that “having everyone in the room together” this year for the company’s upfront was the only way to go.Tawni Bannister for The New York TimesThe competition could mean more demands from advertisers, like the ability to back out of commitments and lower thresholds for how much buyers must spend.“It’s basic economics — there are now more options available to media buyers and so you’re going to see a lot more willingness to be flexible,” said David Marine, the chief marketing officer of the real estate company Coldwell Banker.Potential headaches for advertisers this year could include Russia’s war in Ukraine, global supply issues and steep inflation, according to Magna. But low unemployment and other signs of strength from the U.S. economy, along with the coming midterm elections, are expected to feed a surge in ad spending.How the upfronts address those concerns, along with deeper movements in the industry, “will be telling,” said Katie Klein, the chief investment officer at the agency PHD.“There’s always going to be room for the upfront, there’s always going to be a need for it,” she said. “But it’s going to evolve as our industry is evolving.” More

    • 88 Shares129 Views

      in Television

      Disney+ Added 7.9 Million Subscribers Last Quarter

      by

      Disney+ added 7.9 million subscribers in the most recent quarter for a total of 138 million worldwide, the company announced Wednesday, helping it avoid the streaming slowdown that has lately tanked the stock price of Netflix.Like most media companies, Disney’s stock has been pummeled in the wake of Netflix’s announcement last month that it had lost 200,000 subscribers in the first three months of the year and that it expected to lose two million more this quarter. After years of applauding media companies for losing billions on streaming, investors are now applying pressure to find a path to profitability.The release of films like Pixar’s “Turning Red” helped Disney+ attract subscribers in the first quarter, which ended April 2. Shares of Disney were down about 3 percent in after-hours trading following the earnings announcement.Disney’s results are a bit of good news for Bob Chapek, the chief executive, who has been dealing with a public relations crisis stemming from the company’s response to Florida school legislation that, among other things, restricts classroom discussion of sexual orientation and gender identity. (Disney is the state’s largest private employer.)The company initially refrained from speaking out against the bill publicly but reversed itself after an internal revolt. Mr. Chapek then denounced the legislation, which earned him the ire of conservatives, including Florida Gov. Ron DeSantis. Last month, Republican lawmakers in Florida revoked a 1967 law that allowed Walt Disney World to function as its own quasi government. In the wake of the uproar, Geoff Morrell, who joined Disney in January as its most senior government relations and communications executive, resigned last month.Revenue at Disney increased 23 percent compared with last year, to $19.2 billion, but missed analyst expectations. Disney said it took a hit from a decision to pull some of its content back from other distributors in favor of its own channels, which meant a reduction of $1 billion in licensing revenue as part of a trade-off to grow its direct-to-consumer business.Disney reported earnings per share of $1.08, missing analyst expectations of $1.17.Disney’s theme parks unit came roaring back from a year ago, when the Covid-19 pandemic stunted in-person attendance. Revenue in the division doubled compared with the same period last year, with a new line-skipping system driving increases.As streaming services look for more subscribers, India is shaping up to be an important market. Deep-pocketed media companies are preparing to bid for rights to show cricket matches from the popular Indian Premier League. Disney currently has the rights to stream the matches on its Hotstar service, which it acquired in its 2019 megadeal with 21st Century Fox. Losing those rights could be a blow. However, Mr. Chapek has said that Disney can reach its subscriber targets even if it does not retain those rights.On a call following the earnings announcement, Mr. Chapek said that Disney would eventually become more aggressive about moving major live sports onto the ESPN+ streaming service. The cash generated by the lucrative portfolio of ESPN cable channels currently makes that untenable, so the company is taking a measured approach to sports streaming, Mr. Chapek said.“What we’re doing is sort of putting one foot on the dock if you will, and one foot on the boat,” Mr. Chapek said.Mr. Chapek also responded to an analyst question about the lack of new Disney movies that have opened in the Chinese theatrical market, where the company has had an uneven record in recent years. Mr. Chapek said that Disney films were performing well without help from moviegoers in China, pointing to the success of “Doctor Strange in the Multiverse of Madness.”“We’re pretty confident that even without China — if it were to be that we continue to have difficulties in getting titles in there — that it doesn’t really preclude our success,” Mr. Chapek said. More

    • 113 Shares159 Views

      in Movies

      Ann Sarnoff, Warner Bros. Chief, Is Set to Leave

      by

      LOS ANGELES — Ann Sarnoff, the chief executive of the WarnerMedia Studios and Networks Group, will leave the company, with an announcement coming as soon as this week, three people briefed on the matter said.Ms. Sarnoff, who declined to comment, was chosen to lead Warner Bros. in 2019 despite limited Hollywood experience, becoming the first woman to hold the role. She is departing as WarnerMedia, a division of AT&T, is set to complete a merger with Discovery. Ms. Sarnoff’s boss, Jason Kilar, who has been chief executive of WarnerMedia since 2020, announced his exit on Tuesday.Like Mr. Kilar, Ms. Sarnoff found herself without a seat in the game of musical chairs that accompanies the merging of competing companies, said the people briefed on the matter, who spoke on the condition of anonymity to discuss confidential information. The Warner Bros. Discovery management structure is still unknown, but David Zaslav, the chief executive of Discovery, who will run the new company, is expected to take over at least some of Ms. Sarnoff’s portfolio. She has had a dozen direct reports.Her job has involved oversight of HBO and HBO Max; the Warner Bros. movie and television studio; several cable channels, including TBS and TNT; and a large consumer products division. Breaking down the siloed nature of some of those units has been one of Ms. Sarnoff’s accomplishments.After news of her departure became public, Mr. Zaslav said in an email that Ms. Sarnoff had been “a passionate and committed steward,” leading “with integrity, focus and hard work in bringing WarnerMedia’s businesses, brands and work force closer together.” In an email of his own, Mr. Kilar called Ms. Sarnoff a “first-tier human being” and “the definition of a selfless leader.”Ms. Sarnoff’s job security has been the subject of Hollywood gossip for months, with agents and Warner-affiliated producers insisting that she was on her way out and some members of her team insisting the opposite. That kind of speculation can be deadly in show business, with whispers congealing into conventional wisdom, often resulting in an irrecoverable position of weakness in the view of Hollywood’s creative community.To be fair, Ms. Sarnoff, whip smart and affable, never got the opportunity to really do her job. The pandemic shut down the entertainment business roughly seven months after she started. AT&T, which hired her, decided to spin off WarnerMedia last May.Before joining WarnerMedia, Ms. Sarnoff held leadership roles at Nickelodeon, the Women’s National Basketball Association, Dow Jones and BBC America. More