MAIN OFFICES 216 EAST 75TH STREET NEW YORK, NY 10021 TEL: (212) 288-3933 FAX: (212) 288-3424 WWW.VIDEOAGE.ORG WWW.VIDEOAGELATINO.COM WWW.VIDEOAGE.IT P.O. BOX 25282 LOS ANGELES, CA 90025 VIALE ABRUZZI 30 20123 MILAN, ITALY YUKARI MEDIA YMI BLDG. 3-3-4, UCHIHIRANOMACHI CHUO-KU, OSAKA JAPAN TEL: (816) 4790-2222 EDITOR DOM SERAFINI ASSISTANT EDITOR SARA ALESSI EDITORIAL CONTRIBUTORS ISME BENNIE (CANADA) ENZO CHIARULLO (ITALY) LUCY COHEN BLATTER CARLOS GUROVICH LEAH HOCHBAUM ROSNER BOB JENKINS (U.K.) AKIKO KOBAYACHI (JAPAN) DAVID SHORT (AFRICA) MARIA ZUPPELLO (BRAZIL) PUBLISHER MONICA GORGHETTO BUSINESS OFFICE LEN FINKEL LEGAL OFFICE ROBERT ACKERMANN, STEVE SCHIFFMAN WEB MANAGER MIKE FAIVRE DESIGN/LAYOUT CARMINE RASPAOLO ILLUSTRATIONS BOB SHOCHET VIDEO AGE INTERNATIONAL (ISSN 0278-5013 USPS 601-230) IS PUBLISHED SEVEN TIMES A YEAR: JANUARY, MARCH/APRIL, MAY, JUNE, JULY, OCTOBER AND NOVEMBER/DECEMBER. PLUS DAILIES BY TV TRADE MEDIA, INC. © TV TRADE MEDIA INC. 2013. THE ENTIRE CONTENTS OF VIDEO AGE INTERNATIONAL ARE PROTECTED BY COPYRIGHT IN THE U.S., U.K., AND ALL COUNTRIES SIGNATORY TO THE BERNE CONVENTIO AND THE PAN-AMERICAN CONVENTION. SEND ADDRESS CHANGES TO VIDEO AGE INTERNATIONAL, 216 EAST 75TH STREET, SUITE PW, NEW YORK, NY 10021, U.S.A. PURSUANT TO THE U.S. COPYRIGHTS ACT OF 1976, THE RIGHTS OF ALL CONTENT DONE ON ASSIGNMENT FOR ALL VIDEOAGE PUBLICATIONS ARE HELD BY THE PUBLISHER OF VIDEOAGE, WHICH COMMISSIONED THEM I N T E R N A T I O N A L www.VideoAge.org PhotoCaption ByDomSerafini Naysayers who underestimate the business of traditional television had better research the rich potential of themedium. The only drawback could be that those riches are concentrated among some 100 companiesworldwide and, in turn, these companies get most of their content from justsevenU.S.studios: CBS, Disney-ABC, NBCUniversal, Paramount, Sony Pictures, 20th CenturyFoxandWarnerBros. Beforereportingon thecomments ofU.S. studio executives regarding current and future opportunities, let’s analyze the global audiovisual market and what it represents for theU.S.TV industry. According to a study by Francebased IDATE, the 2013 world TV market will generate a total business of $323 billion, with 44 TheEconomyofU.S.Studio BizModelisFinancial,Art (Continued onPage 54) What toexpectat MIPCOM that the organizersdidn’t tellyou NewU.S.TV season with seasoned “reviews” Program prices are steadily stabilizing all over theworld Withholding Tax: The hidden costs of int’l content distribution Page42 Page26 Page24 Page22 BUSINESS JOURNALOF FILM,BROADCASTING,BROADBAND,PRODUCTION,DISTRIBUTION SEPTEMBER/OCTOBER 2013 -VOL.33NO.6 - $9.75 EverythingIsFor Sale,ButWhat’s LeftToBuy? The reality in a Wall Streetdominated and indomitable world is that mid-size and large entertainment companies can onlygrowbyacquisition.And, in the recentpast,thisiswhathashappened atapaceasvoraciousasWallStreet speculators’ appetites.Butnow that mergers and acquisitions (M&A) (Continued onPage 52) (Continued onPage 50) We all knowwhatwe love about this business — that’s why we’re here in Cannes, right? (And we do all love Cannes,especiallyatMIPCOM,don’t we?!). So, it takes a particularly brave person to come out and say what he or she doesn’t like about this business. VideoAge spokewitha few of these courageous folks. Others, possiblybecauseofthelargenumber of dislikes that come up, ultimately “didn’t feel comfortable talking” aboutanyof them. What IrksTV ExecsAbout the Industry “I’llbetabilliondollars thatwe’ll beclearing twobillion thisyear.” Why skip TV commercials when they’re more entertaining than the programs? Page 62 26New U.S. TV Season: -TV Critics Press Tour -L.A. Screenings Report 24Content license fees are finally stabilizing News 46Road to NATPE 14Tech Talk: HDTV, OTT, Sat TV, TV on a cloud, Cost of GHz Features 16Book Review: Larry King, A Good Listener on TV Talks in Print 6 World: U.S., Vietnam, Zimbabwe. Plus, Notable Quotes 18Mart Review: Indies and studios harmonized at NATPE Budapest 42TV Biz: MIPCOM Preview 60Calendar of events with news you can use Quantity, quality, marketing and star power add to the studios’ strength Everything is for sale, but what’s left to buy? What TV executives don’t like about the industry Territories 38Latin America: Brazil offers a new TV landscape 36Canada: Begging for production money becomes fun 32Middle East: -Crowdfunding and online distribution for Arab filmmakers. -myTV partners with media gurus Cover Stories 22Withholding tax represents one of the many hidden costs of international distribution 40Festivals: Venice Film Fest and Market Report 48Focus on SPORTELMonaco 44Movie Biz: AFM Showcase
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