MIPCOM, Cannes - Senior execs attending MIPCOM this week are remaining upbeat about the impact of the financial crisis upon the TV and industries. Consistently the message has been that TV consumption tends to rise in times of recession because people cut down on going out and other luxuries. Discovery Communications’ president and CEO David Zaslav said that because 50 percent of revenues are derived from cable subscriptions, and 30 percent come from outside of the US, he is confident company will weather the economic downturn. Sentiment was echoed by Disney-ABC International TV’s Ben Pyne, and VIACOM President & CEO Philippe Dauman. Marcel Fenez, partner, entertainment and media at Pricewaterhouse Coopers, which produces an annual Entertainment and Media Global Outlook, says that projections will not be revised in light of the current economic turmoil. “Our projections are for five years, knew ad spend would drop in 2009 (post-Olympics) anyway, and they drivers of growth are areas that will not be directly impacted.”
London/Hong Kong/Burbank - The Walt Disney Company today announced that The River, a supernatural TV thriller, is set to premiere in South Korea on Fox within 24 to 48 hours of its US debut on Februar…
Mumbai - BloombergUTV, a business news channel, has come on board Reliance Broadcast Network Ltd’s (RBNL) distribution portfolio. The channel will be launched through a joint venture with Germany’…
Singapore - Fox One Stop Media (FOSM) has launched FOSM Singapore, a specialized local advertising sales team to cater to the country’s advertising sector. FOSM, the commercial branch of the advert…
Singapore - The events that led to the fall of Singapore to the Japanese Empire during World War II are being examined for the first time on Discovery Channel Asia, in the two-part special; 1942 - Fal…
Endemol is restructuring its international sports business. This reorganization will bring its sports content in line with all other output, coming under the direct management of the group's local ope…
Free Magazine Subscription
Printer-friendly version
