English Entertainment
Luxury cars, warriors on The History Channel’s plate
MUMBAI: It was a few months ago that The History Channel (THC) underwent a brand repositioning from an infotainment channel to an entertainment one.
With its strenght in historical programming, this allowed the channel to offer a better repertoire of shows. And, in the coming months it will boost the variety on offer.
Speaking to Indiantelevision.com The History Channel VP marketing Rajesh Sheshadri says, “The History Channel (THC) has planned an interesting mix of content for the next couple of months. Our endeavour has always been to feature movies, mini-series and serials that have never been shown in India before.
“September will see THC air programmes such as Luxury Cars, Kane Abel, Warriors and many more.”
Luxury Cars is a 13 episode show about famous cars. They include Ferraris, Aston Martins, Lamborghinis etc. Warriors on the other hand, is a four part series featuring the most famous warriors in the history of the world. This series will highlight their weapons, architecture, famous battles and their eventual downfall.
In terms of of movies and mini series, the channel plans to air titles like Attila the Hun, Helen of Troy, Rocky Marciano, Archangel (featuring Daniel Craig, the new James bond), First Olympics and Kennedy. Gerard Butler who played the title role in Phantom of The Opera stars as Attila The Hun. During the waning days of Roman Empire, the barbarian Huns are making their way toward Europe. A warrior named Attila violently assumes Hun leadership and unites the warring clans under his banner.
But this is not enough for him, Attila seeks to form an empire, and he sees Rome, bristling under the leadership of the incompetent Caesar Valentian, ripe for the picking. In an attempt to quell a Hun invasion, ambitious Roman general Flavius Aetius attempts to form an alliance against Attila against their mutual enemy, Visigoth King Theodoric. But this plan backfires, and it soon becomes clear that a violent showdown between all three armies awaits.
Jon Favreau stars as Rocky Marciano about the only undefeated world heavyweight champion in the history of boxing. Some of the biographies being featured are Henry VIII, Pope John Paul II, Ariel Sharon and Mother Teresa. “We are also in the process of procuring relevant and exciting new titles like The Bronte Sisters, Al Qaeda, Mary Magdalene, Oskar Schindler, Hercules, Charles Dickens, Casanova and Rudyard Kipling.
“Our films and mini-series are bound together by the fact that they are fun, compelling and entertaining while being set in a historically relevant setting or deal with personalities who have become historical icons such as Helen of Troy or Cleopatra or Spartacus” adds Sheshadri.
A shift in approach towards clients: Asked about the relationship the channel has with the advertising fraternity, Sheshdari says that the approach has been changed keeping in mind a long term plan. “The revamped History Channel brings with it, its own unique set of challenges. The whole philosophy behind the new content like Jumbo Movies and Double F had to be communicated to our clients. We accomplished this by focussing heavily on content, conveying that this is not a short term shift but a long term strategic investment for the channel.”
When asked whether advertisers now see THC as an entertainment channel or as an infotainment channel, Sheshadri points out that mass and niche are in the minds of marketers and not consumers. Consumers, he points out, don’t consume brands based on whether they are mass or niche.
They consume brands based on the connect they form with the brand. “The History Channel is a theme-based channel and no one delivers the theme of History better than us”. The strategy is to bring historically significant events irrespective of the format and that is the core message that THC executives try to convey in all their presentations to clients.
Sheshadri goes on to clarify that the core idea of the brand repositioning was to consolidate the positioning of the brand and not to increase numbers for numbers sake. The overall approach therefore, has taken into consideration the connect that THC has with its consumers and what THC can do to strengthen it.
“Hence, we think that going forward THC will continue to cement and own a distinct position in the minds of the consumer and this distinct positioning is what will also give it additional numbers. We are already seeing signs of that and are sure that it will get better going forward. Advertisers follow consumers.”
As far as the viewer perception of the channel is concerned, Sheshadri notes that viewers have taken note of the change. “New formats like Jumbo Movies and Double F have widely appreciated and followed. They still see us as being an authority on the subject of history. The difference is that now they know that we have a broader spectrum both in terms of the type of shows and type of formats.”
English Entertainment
Warner Bros. Discovery shareholders approve Paramount deal
Investors wave through a $111 billion megamerger but deliver a stinging, if toothless, rebuke over half-a-billion-dollar goodbye packages
NEW YORK: The shareholders said yes to the deal. They said no to the cheque. At a virtual special meeting on Thursday that lasted barely ten minutes, Warner Bros. Discovery investors voted overwhelmingly to approve Paramount Skydance’s $111 billion acquisition of the company — and then turned around and voted against the lavish exit pay packages lined up for chief executive David Zaslav and his fellow outgoing executives.
Not that it will make much difference. The compensation vote is purely advisory and non-binding. The Warner Bros. Discovery board can, and almost certainly will, pay out as planned.
But the symbolism stings. It is the second consecutive year that WBD shareholders have voted against the executive compensation packages, and this time they had good reason. Zaslav’s exit deal is, by any measure, extraordinary. Under the terms filed with the Securities and Exchange Commission, he is set to receive $34.2 million in cash severance, $517.2 million in equity in the combined company, and $44,195 in continued health coverage — a total of at least $550 million. On top of that, Warner Bros. Discovery has agreed to reimburse Zaslav up to $335 million for taxes assessed by the Internal Revenue Service on his accelerated stock vesting, though the company says that figure will decline depending on when the deal closes. As of March 11, Zaslav also held $115.85 million in vested WBD stock awards — and last month sold a further $114 million worth of WBD shares.
Shareholder advisory firm ISS recommended voting against the compensation measure, citing “problematic” tax reimbursements to Zaslav and the full vesting of his stock awards.
Zaslav will be bound by a two-year non-competition covenant and a two-year non-solicitation of customers and employees after the deal closes.
His lieutenants are not walking away empty-handed either. J.B. Perrette, chief executive and president of global streaming and games, is in line for $142 million, comprising $18.2 million in cash severance and $123.9 million in equity. Bruce Campbell, chief revenue and strategy officer, will receive an estimated $121.5 million, including $18.8 million in severance and $102.7 million in equity. Chief financial officer Gunnar Wiedenfels is set for $120 million, made up of $6.6 million in cash severance and $113.1 million in equity. Gerhard Zeiler, president of international, will get $82.6 million, including $11.9 million in severance and $70.7 million in equity.
The deal itself, clinched in February after Netflix declined to raise its bid for Warner Bros., still needs regulatory clearance from the Justice Department and European authorities. Several state attorneys general are also weighing legal action to block it.
Senator Elizabeth Warren, Democrat of Massachusetts, was unsparing. “The Paramount-Warner Bros. merger isn’t a done deal,” she said after the shareholder vote. “State attorneys general across the country are stepping up to stop this antitrust disaster. We need to keep up this fight.”
If it does go through, the combined entity would be a formidable beast, bringing together Paramount Skydance’s stable — CBS, CBS News, Paramount Pictures, Paramount+, BET, MTV and Nickelodeon — with WBD’s portfolio of HBO, Max, Warner Bros. film and TV studios, DC, CNN, TBS, TNT, HGTV and Discovery+. Paramount has said it expects $6 billion in cost savings from the merger, which is Wall Street shorthand for mass layoffs on a significant scale.
The ten-minute meeting was presided over by chairman Samuel Di Piazza Jr., with Zaslav, Campbell, Wiedenfels and chief communications officer Robert Gibbs in virtual attendance. Di Piazza was bullish. “We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” he said. “With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community.”
Zaslav echoed the sentiment. “Over the past four years, our teams have transformed Warner Bros. Discovery and returned the company to industry leadership,” he said. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders.”
Paramount Skydance struck a similar note. “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery,” it said in a statement, adding that it looked forward to “closing the transaction in the coming months.”
The shareholders have spoken on the merger. On the pay, they were ignored before the vote was even counted.
