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 Rupert Murdoch. Show all posts
Showing posts with label Rupert Murdoch. Show all posts

Friday, October 12, 2012

Fox launching Spanish-language network...


Fox launching Spanish-language network...

A quarter century ago, Fox figured there was room for more than just three big TV networks. It created Fox Broadcasting, which would redefine television with shows such as "Married ... with Children,""The Simpsons,""24" and"American Idol."

Now, Fox is hoping to stage an encore.

Rupert Murdoch's company on Monday unveiled MundoFox, a new Spanish-language broadcast network. A joint venture with Colombian powerhouse RCN Television Group, the network will challenge the Spanish-language media dominance of entrenched rivals Univision Communications and Telemundo.

"It is a fascinating move, and it has the potential to really make an impact," said Diana Bald, a senior vice president at advertising firm ID Media.

Fox and RCN have chipped in an estimated $100 million to hire staff, develop programming and launch the service. The network and its national news team will be based in Los Angeles, unlike Univision and Telemundo, which both operate from Miami.

Fox is banking on the L.A. location to give MundoFox a competitive edge by absorbing the region's Mexican American culture. Two-thirds of Latinos in the U.S. are of Mexican heritage.

"The key for them is to become a disruptive force rather than be a me-too player," Bald said.

That's precisely the plan, said Hernan Lopez, chief executive of the Fox International Channels division.

"The market has been too steady for too long," Lopez said. "The average Spanish-language channel looks very similar to the way it looked 15 to 20 years ago. Those networks have a proven formula, and it works for them. But we think break-through TV beats formula TV."

"Formula TV" is a dig at industry titan Univision, which instead of spending hundreds of millions of dollars each year developing unproven shows, as do English language giants ABC, CBS, NBC and Fox, airs telenovelas produced by Grupo Televisa of Mexico that have performed well during their initial runs in Mexico.

The five-night-a-week programs also score huge ratings in the U.S. This summer, Univision's blockbuster telenovela "La que no podía amar" has been drawing larger audiences than most shows on the major networks.

Instead of telenovelas, whose plots revolve around the heartaches and ambitions of a female protagonist, MundoFox is positioning its dramas as "teleseries" that also run five nights a week. Lopez described the more contemporary programs as action adventures with romantic backdrops, designed to appeal to men and women alike.

MundoFox plans to run in its 9 p.m. weeknight slot RCN's hugely successful "El Capo," based on the story of fictional drug lord Pedro Pablo Jaramillo. The network also plans to reprise the original "Yo soy Betty, la fea," another RCN production, which became a global phenomenon and inspired the successful ABC show "Ugly Betty."

Another teleseries, "Kdabra," features elements of magic and the supernatural. Christopher Von Uckermann plays a 17-year-old teenager who has escaped from a dark community, triggering unexpected events. (The show previously ran on Univision's Telefutura network.)

"RCN has a history of success in the U.S.; they have produced some great hits," said Bald, the advertising executive. MundoFox "might be onto something if they can attract an edgier crowd and the second and third generation. Traditional telenovelas tend to appeal an older generation of Hispanics."

Univision counters that its telenovelas perform well among the prized demographic of 18- to 34-year-old viewers. Indeed, the median age of the Latino population is younger than that of the general population, making Latinos and the networks that target them magnets for advertisers.

MundoFox is planning game shows, including "Minuto para ganar," hosted by Marco Antonio Regil. Late night will feature Seth McFarlane's"American Dad," dubbed in Spanish. For children, it will offer "Nat Geo Kids," a program originally produced by National Geographic.

MundoFox's 6 p.m. national newscast will be anchored from Los Angeles by the Peabody Award-winning journalist Rolando Nichols. (The division will be separate from the company's New York-based Fox News Channel). MundoFox says its newscast will be the only one in Spanish that will air live on both the East and West coasts. RCN will provide international newscasts.

Sports will also be a crucial component. Although Univision and Telemundo have the rights for key soccer leagues, MundoFox is hoping it can carry some punch with UFC's mixed martial arts fighting.

"UFC championships have been extremely popular with Hispanics, and I really believe that's been a missed opportunity for Univision and Telemundo," Bald said.

In Los Angeles, the network will air on KWHY-TV Channel 22, a station previously owned by NBCUniversal. (The Federal Communications Commission forced NBC to divest KWHY because NBC already owned two stations in the market, KNBC-TV Channel 4 and Telemundo station KVEA-TV Channel 52.)

Other companies have tried and failed to launch new Latino networks. Telemundo, even with a deep-pocketed parent, NBCUniversal, struggled for years to take market share from Univision. Fox also has had mixed results. Although Fox News Channel has unseated CNN as the cable news leader, the company's nearly 5-year-old Fox Business Network has not come close to toppling CNBC.

In some ways, Fox is swimming against the tide by launching a Spanish-language network.

Advertisers seem more interested in reaching bilingual Latinos than those who are principally Spanish-speaking. So Univision is starting a 24-hour English-language cable news channel with Walt Disney's ABC News next year.Comcast Corp., which controls NBCUniversal, will launch a handful of networks, also in English, aimed at young Latinos, including one co-owned by "Spy Kids" director Robert Rodriguez.

Spanish-language TV, Lopez said, is the smart play because many bilingual Latinos speak Spanish at home.

"Fox is already the No. 1 brand among Latinos in English-language America, so if Fox wants to grow among Latinos, it makes sense for us to have a Spanish-language network," Lopez said.

Thank you Los Angeles Times

By Meg James, Los Angeles Times



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Saturday, September 8, 2012

U.K. Freesat TV Venture to Offer Paid-For Content


The satellite TV venture of the BBC and ITV is launching a VOD service called Free Time.

LONDON - Freesat, the U.K. satellite TV joint venture of the BBC and commercial broadcaster ITV, said Tuesday that it will launch a VOD service called Free Time and is looking to add paid-for film, TV and music content offers from partners yet to be announced.

Netflix, Amazon.com's LoveFilm, Vevo and BSkyB's Now TV are possible partners for those offers.
On-demand TV programming via the BBC iPlayer and the ITV Player is coming to the service and will be followed by on-demand content from Channel 4 and Channel 5. Users will be able to scroll through the electronic programming guide to watch past shows up to eight days after they aired.

The service will be available via a new set top box, which will cost £279 ($443) and be available later this month.

"TV is a simple pleasure that technology can make even better, not more complicated," said Emma Scott, managing director of Freesat. "We want to help viewers find something great to watch the minute they sit down, so they can spend less time searching and more time watching the TV they love."

Freesat was launched in 2008 as a free-to-air offer to rival pay TV giant BSkyB, in which Rupert Murdoch's News Corp. owns a 39 percent stake. Freesat currently has signed 2.6 million customers.

Thank you Hollywood Reporter

More info: www.hollywoodreporter.com
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Saturday, August 25, 2012

U.K. Commission Confirms BSkyB Has No Material Advantage in Pay TV Movies


UPDATED: The Competition Commission cited the rise of streaming video providers Netflix and Lovefilm in the field it was asked to review, but it also signaled that BSkyB may have "too much" power overall.

LONDON - The U.K. Competition Commission on Thursday confirmed its recent provisional findings that pay TV giant BSkyB has no material advantage in pay TV movies these days.

BSkyB Acquires Parthenon to Distribute Its Original Content Abroad

BSkyB Study Finds U.K. Pay TV Giant Contributes $8.4 Billion to Economy

The organization also confirmed that it would not suggest any regulatory action after in late May citing the rise of streaming video providers Netflix and Lovefilm in revising its stance from last summer.
"The Competition Commission has decided that Sky's position in relation to the acquisition and distribution of movies in the first pay window does not adversely affect competition in the pay TV retail market," it said in its final report Thursday.

But it suggested that BSkyB's has a dominant role in the broader pay TV market in the U.K. "Together with Sky's large number of existing subscribers deriving from its historical position (Sky's incumbency advantage) and the restricted geographical coverage of Sky's main historical competitor, Virgin Media, it appeared to us that these factors resulted in Sky having too much market power in the pay-TV retail market," the Commission said.

It was only asked by Ofcom to look at pay TV movies though, and on that front the Commission was happy with the level of competition. It wasnt immediately clear if any of the comments in the final report could trigger calls for a look at another aspect of BSkyB's market power.

"In its final report, the CC has concluded that Sky Movies, which currently offers the first pay movies of all the big Hollywood studios, is not a sufficient driver of subscribers' choice of pay TV provider to give Sky such an advantage over its rivals when competing for pay TV subscribers as to harm competition," the Commission said in a summary of its findings.

BSkyB acknowledged the final report in a statement. "Sky considers there to be overwhelming evidence that U.K. consumers are well served by strong competition between a growing number of TV providers, including those offering movies," it said. "As this dynamic marketplace continues to evolve, we remain committed to innovating for customers so that U.K. consumers continue to benefit from choice, value and innovation."

The agency has looked at BSkyB, because it holds film rights from the six major Hollywood studios in the first subscription pay TV window. This led competitors and critics to argue that the company, in which Rupert Murdoch's News Corp. has a 39 percent stake, has too much market power.

The Competition Commission now believes that the competitive landscape has changed with the market entrance of streaming video providers Netflix and Amazon.com's LoveFilm. As a result, BSkyB "no longer has a material advantage" over rivals, the CC said in May.

Laura Carstensen, chairman of the CC's inquiry group, said: 'We have seen significant change in pay TV movie services in the course of our inquiry and have considered the implications of these developments carefully in reaching our final views. It is clear that consumers now have a much greater choice than they had a couple of years ago when our investigation began."

She added: "LoveFilm and Netflix are proving attractive to many consumers, which reinforces our view that consumers care about range and price as well as having access to the recent content of major studios; and the launch of Sky Movies on Now TV, which ends the requirement to buy Sky Movies alongside a basic pay TV subscription, is a further significant development. Overall, we do not believe that Sky's position with regard to first pay movie content is driving subscribers' choice of pay TV provider."

Thank you Hollywood Reporter

More info: www.hollywoodreporter.com
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