Wednesday, October 17, 2007
The sad reality is that there is almost no solid Canadian product left since the CRTC ruling in 1999 left the door open for increased American programing for Canadian channels in prime time. Even now it looks like the CRTC sold us out regarding the Alliance Atlantis sale of channels to Global, and the acquiring of CHUM by CTV, with the resulting carving up of markets leaving us in the biz with fewer places to sell our programs. The 2008 season is probably sold out all ready with American material, available at dumping prices to the new majors in Canada.
In attempting to market to the current powers earlier in the summer we received the news that no one could determine who was going to be the final say on approvals for development of new shows. Not exactly what you want to hear when you have mortgage payments to make! It is October and we are still waiting to hear who is finally in charge at Global and CTV program development, and what it is that they might be interested in. Hey folks, we gotta eat too!
16th October 2007 thebusiness.co.uk
I think everyone knows that beancounting in
The current dispute has arisen partly because the media companies are trying to replace the WGA’s system of residuals with profit-sharing agreements, which would be fine, in theory, apart from
The number of people who have taken points (a share of the profits) only to find that a massive hit doesn't actually have any is very long indeed. That's why the major stars take "gross points", shares of revenue, which is harder to manipulate.
But the studios do face two economic problems. In any business where it's the talent that makes the profits, those profits will flow to that talent. The same is true of The City, of football clubs and of movie studios. The second is a problem they share with the record companies: they finance an awful lot of flops, the stellar success or two paying for all of them. That's why the "overheads" allocated to a specific project can drag even the most successful TV series into a loss. Those overheads are the losses on all the other projects totted up and it is true that they are an overhead of the studio system, if not of that specific project they're allocated to.
The thing is though, about