CHICAS PRODUCTIONS: Abu Dhabi Media Summit

Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Showing posts with label Abu Dhabi Media Summit. Show all posts

Monday, October 15, 2012

Abu Dhabi: Sales Agents To Become Global Distributors...

International sales banners will reinvent themselves as video-on-demand global distributors, Abu Dhabi festival goers are told.

Abu Dhabi – Movie industry attendees at this year's Abu Dhabi Film Festival heard that producers and sales agents will work much more closely together as the internet revolutionises the movie business.

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And representatives from the two business strands of the international film business will also share revenues as a result.

Production Finance Market chief Angus Finney told Abu Dhabi Film Festival goers that the internet will play a part in the evolution of the two businesses.

Right now, sales agents charge a fee for each territory sold then often walk away. In the future sales agents and filmmakers will work together throughout a film's lifespan, "especially with video-on-demand," Finney said.

Speaking at a masterclass, Finney said: "Sales agents will be aligned with producers ... the market is changing so fast that sales agents could take control of all rights. The right sales agent will become increasingly able to control internet release."

The internet has destroyed Hollywood's "push economy" -- studios dictating when and where customers can see films – in favour of a "pull economy."

Catch-up TV and on-demand streaming have put the customer in the driving seat, something which Hollywood has been slow to accept, Finney noted.

Studios have not helped themselves by erecting "walled-gardens around their content, making movies harder to access."

Such a move, Finney said, goes against the grain of the internet.
"They are also terrified about plummeting DVD revenue, which has accounted for 60% of a movie's earnings. The user is the new king," Finney said.

The British born film consultant, author and one time film financier, quoted Amazon founder Jeff Bezos, who said the question is not what is going to change in the next 10 years, but what's going to be left standing by the end of the decade?

Disney, he noted, has reacted to the new horizontal world we all live by getting rid of its silo mentality, tearing down walls between theatrical and home entertainment.

But Finney remains upbeat about prospects for theatrical. Exhibition will become even more important, he claimed.

"Watching films in a cinema is a unique experience that will not be completely replaced by watching films on cellphones or tablets," Finney said.

This is despite the growing importance of handheld devices, which, Finney said previously, will take over as the dominant screen "within months, not years". He said: "Exhibition rights will continue to be sold territory-by-territory, while internet rights could be sold as a single block."

Finney was sceptical about independent producers handling the release of their own films pouring cold water on evangelists for self-distribution, pointing out how hard the sales business is.

Finney was managing director of sales agent Renaissance Films, which went bust in 2005. Movies that Finney handled sales on included The Mother and The Luzhin Defence.

"As a producer you may think you're in control of your film's release, but you have to deal with the same battle for eyeballs which everybody else is dealing with. Distribution is a full-time job," Finney said.

This year's Production Finance Market runs October 17 and18 during the BFI London Film Festival in the British capital.

Thank you Hollywood Reporter.

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YouTube Mulls Allowing Original Content Partners to Charge for Subscriptions...

Robert Kyncl, global head of content at the Google-owned video site, tells the Abu Dhabi Media Summit that a majority of channels would likely remain ad-supported.

ABU DHABI - YouTube is looking at giving its original content channel partners the option to charge users for subscriptions, Robert Kyncl, global head of content at the Google-owned online video site said here Wednesday at the Abu Dhabi Media Summit.

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If the site does go ahead with this approach, "the majority will be ad-supported, and there will be some that will be paid," he predicted.
He later told THR that there are no set plans though and that it was too early to say when such subscriptions could be offered or at what prices.
Industry observers have previously wondered if and when YouTube could offer the subscription option as a potential revenue stream besides advertising.
Kyncl said YouTube's goal for now continues to be "taking the friction out" of the ad process to maximize ad revenue for the site and its partners. Promising advertisers that they only pay when ads are actually viewed draws higher ad rates and benefits all sides, he said.
YouTube typically sells ads against the channels and keeps all revenue up until it recoups its original investment. After that, YouTube and the content partner split ad revenue roughly 50:50.
Kyncl also said that when offering content in a branded and popular context, it draws higher ad rates. For example, he said videos of dogs on skateboards may draw minimal costs per thousand advertisers of $2 or less, but that goes up to $20 when the dogs on skateboard appear on a branded Tony Hawk channel.
Earlier this week, YouTube added more than 60 new original content channels to its lineup, including some from international content partners. The news took the company's original programming push to a more global audience.
In a session entitled "The War for the Living Room: The Internet Takes on Television," Kyncl also predicted that mobile usage by YouTube users will continue to rise. About 50 percent of consumption in parts of the Arabic-speaking world already happens on mobiles, he said.
Asked about the increasing usage of mobile devices during TV viewing, known in the industry as the rise of the "second screen," he quipped that for him, television rather than iPads or smartphones are the second screen.

Thank you Hollywood Reporter

YouTube to charge fee for some content Robert Kyncl addresses Abu Dhabi Media Summit By NICK VIVARELLI ABU DHABI -- YouTube will start experimenting with charging subscription fees for some of its branded content following its partnerships, announced at Mipcom, with European TV content providers to feed 60 new channels. "You will see us offer an option to all the channels that are our partners to start charging subscriptions for their content," said Robert Kyncl, YouTube's VP, global head of content, speaking at the Abu Dhabi Media Summit. Kyncl added that the partners themselves -- which at this stage include BBC Worldwide, Endemol and FremantleMedia -- will decide if they want to pursue that traditional pay TV broadcasting business model. "The majority will be ad-supported, and there will be some that will be paid," he predicted during a panel titled "The War for the Living Room." As for YouTube's advertising model, Kyncl said one option is for advertisers only to pay for the ads the public watch. "When that happens, they don't mind paying more," he noted. The move sees YouTube continuing to encroach in territory traditionally occupied by broadcasters, now also adopting both their traditional content and pay TV business model. That said, Kyncl emphasized that user-generated content remains absolutely central to the service, "our greatest gift," he said. He also proudly pointed out that in Saudi Arabia 50% of YouTube consumption takes place on mobile devices. Asked what lies ahead, he said "for us the most exciting development is when you will be making selections from your phone and sending them to your TV. That is coming very soon." Thank you Variety

YouTube to charge fee for some content
Robert Kyncl addresses Abu Dhabi Media Summit

By NICK VIVARELLI

ABU DHABI -- YouTube will start experimenting with charging subscription fees for some of its branded content following its partnerships, announced at Mipcom, with European TV content providers to feed 60 new channels.

"You will see us offer an option to all the channels that are our partners to start charging subscriptions for their content," said Robert Kyncl, YouTube's VP, global head of content, speaking at the Abu Dhabi Media Summit.

Kyncl added that the partners themselves -- which at this stage include BBC Worldwide, Endemol and FremantleMedia -- will decide if they want to pursue that traditional pay TV broadcasting business model.

"The majority will be ad-supported, and there will be some that will be paid," he predicted during a panel titled "The War for the Living Room."

As for YouTube's advertising model, Kyncl said one option is for advertisers only to pay for the ads the public watch. "When that happens, they don't mind paying more," he noted.

The move sees YouTube continuing to encroach in territory traditionally occupied by broadcasters, now also adopting both their traditional content and pay TV business model.

That said, Kyncl emphasized that user-generated content remains absolutely central to the service, "our greatest gift," he said.

He also proudly pointed out that in Saudi Arabia 50% of YouTube consumption takes place on mobile devices.

Asked what lies ahead, he said "for us the most exciting development is when you will be making selections from your phone and sending them to your TV. That is coming very soon."

Thank you Variety

Monday, October 15, 2012

Abu Dhabi: Sales Agents To Become Global Distributors...

YouTube Mulls Allowing Original Content Partners to Charge for Subscriptions...

Friday, October 12, 2012