The Tonight Show used to be a cash bonanza for NBC -- $150 million in profits, per year. Now it's down to $30-40 million. Even though Leno is still the ratings champ, they're dumping him anyway, in a cost-cutting move.Yes, and the old networks missed their chance to get on board. It's kind of sad, but they only have themselves to blame.
Networks didn't used to do that. They used to be flush enough with money that these things could be negotiated. (Johnny Carson wound up working just 4 nights a week to make his huge contract deal work out for everyone.) But do to declining importance and fewer viewers, they now have to just let top rated guys go.
TV networks are in serious trouble. There is no chance they won't remain major players -- they have a lot of expertise tied up in contracts. And institutions tend to continue on.
But Amazon is going to get into the TV production game, and Netflix already did. Meanwhile cable continues to cut into networks' ratings-- where it was once unthinkable that cable stations could beat the mighty networks, it now happens from time to time.
It will happen more.
Thursday, March 28, 2013
The End Of TV
What the Leno/Matt Lauer drama is really about, via Ace of Spades:
Feminists in France want to punish guys for... being guys: The crackdown comes after surveys show virtually all French women have been haras...
The regulators are still at it: Using the "altFEC" twitter account, one of several "alt" sites set up by government work...
Were they the ancestors of piano players? The brain circuits that led to two-sided tools and weapons such as hand-axes and cleavers are the ...
They really are after everyone's job: The study found that 42 percent of UK consumers believe their job is likely to be replaced by a ro...