English Entertainment
AXN eyeing July premiere for Steven Spielberg’s Extant
MUMBAI: Launched in 1998 as the first 24×7 cable and satellite television channel in Asia dedicated to action and adventure programming, AXN continues to stand by its promise of delivering intelligent, edgy and high-energy content for an unparalleled entertainment experience
With programming encompassing the latest in action blockbusters, international hit series, reality and lifestyle sports programs and AXN originals, the channel enjoys a high viewership not just in metros but also tier II and tier III cities across the country.
AXN business head Sunil Punjabi spoke to Aashay Dalvi of indiantelevision.com about the channel’s programming line-up this year, its digital strategy and so on. Excerpts…
Q: How has the audience response been ever since the CBS acquisition deal?
At a macro level, the audience response has been very good. Take for instance, the two shows with which we launched the CBS catalogue i.e. Elementary and Beauty & the Beast. We have seen a fairly growing traction for Elementary while Beauty & the Beast has its own loyal audience. The first season of both the shows premiered sometime ago, with Indian audiences being exposed to Elementary for the first time. Initially, there were comparisons between BBC’s Sherlock and Elementary and people were vehemently opposed to having a female Dr Watson; something we expected.
The difference between the two is that Elementary has more investigation while Sherlock has more drama. This has led to a lot of people slowly getting accustomed to Elementary. So after the initial backlash, we have now seen tremendous growth in audiences, which has been very encouraging for us. We have season 2 airing right now and season 3 will air in September, very close to the US telecast.
The other good news is Hawaii Five-O will have a special episode featuring Mallika Sherawat, and you will soon see it in India. Blue Bloods, the fourth series that we’d taken up is also expected to do well since it is a very strong series. In the US, the show has done phenomenally well. We have also acquired Sex & the City, which we plan to air soon at 11pm. We’re giving it some rest now but once it begins, episodes will air back to back.
Q: Currently, you are airing Beauty & the Beast and Elementary five days a week. Will you be moving to airing them weekly to be closer to the US telecast?
We had two options, the first of which was to run the series close to the US telecast, but for viewers who are not familiar with the older season, that tactic wouldn’t have worked. So, we decided to go with option 2 entailing stripping the first two seasons and allowing viewers to binge-watch them one after the other. This would build enough anticipation by September when season three premieres.
Q: There has been no official statement from either CBS or The CW on subsequent seasons of Elementary and Beauty & the Beast. Can your earlier statement regarding the airing of season three of both series be considered official?
As far as we know, both Elementary and Beauty & the Beast have been renewed for sure. However, from the public’s perspective, you will have to wait and hear from CBS and The CW since I cannot speak for them.
Q: Programming-wise, what are your plans for the new fiscal year?
The acquired properties we would like to talk about are some of the big ones like 24: Live Another Day. On Thursday, Variety Magazine reported that the second most expensive ad in the US is benchmarked on 24, with half a million dollars for just a 30-second slot. The entire prospect of 24 has blown out of proportion and this season is set in the UK. Content wise, it is shaping up really well. We believe that it is going to be one very large tent-pole property for us.
After 24, the second large tent-pole property for us is Top Gear, with the new season returning in the month of July, which is where we have seen some tremendous amount of traction. We just had season 21 premiere in January and presently, only the core Top Gear audience is watching it though we want to get a much larger audience. Anybody who currently owns a car should be watching Top Gear, which is a fairly large population of the country by itself.
Also in July, we are trying to get another big property, Extant, produced by Steven Spielberg, which marks the TV debut of Halle Berry. We have the second season of The Hero and we plan to air all episodes of 24: Live Another Day at a stretch. While getting so much new content, the old content tends to get lost. So, while I want new content, the problem lies in scheduling and timing.
Q: AXN programming was earlier known for its male skew but over the past few years, it has been increasingly targeting the female audience. Was that deliberate?
There are two main changes that we’ve seen; one, there has been a systematic change in female consumption, and two, the female audience too wants the thrill factor while watching TV. Shows like Orphan Black, with a female protagonist, have helped us get more female viewership.
But whether we have become a female-skewed channel, we will never be that; we will remain a predominantly male-skewed channel. But, we have seen a lot women come and consume our content. The male vs. female audience ratio earlier was 70:30, but is now 60:40.
Q: Which programmes get more advertisers? Are there any emerging large spenders?
Fast moving consumer goods (FMCG) and telecom services form a significant share of the advertising spends. One very large advertiser that we’ve constantly been adding is automobiles, having already increased its share because of Top Gear. We believe it will be much bigger, going forward and it won’t be just auto but also auto accessories.
Q: What’s in it for these advertisers?
As an advertiser, the two main things you look for are a premium audience and a large brand fix, and we offer both.
Q: How do you plan to engage digital media to increase viewership of your channel?
We’ve now reached a stable point in the digital media initiative that we started a year and a half back. We had a couple of things to consider; the first being a consumer survey of social media and the second, connect, which has almost become equivalent to word-of-mouth. There is pre-launch and post-launch chatter that takes place. That is where we have been pushing ourselves on the digital front; what are people saying before the show is launched, and what are they saying after seeing the show. Engagement at the pre- and post- level helps us get loyalty for the channel.
Q: Which platforms is AXN making its presence felt in terms of social media? Do you plan to add more social platforms?
Facebook and Twitter have been our primary digital platforms. We have received more traction on Twitter than on Facebook. We have got a good response to a lot of good shows on Twitter in the last four to five months. We have trended many a times on Twitter; not just on the days of our premieres but even regular days.
As for the second part of your question, we don’t want to be jumping too many trains. We started with Facebook and Twitter a year and a half ago and we want that to mature before getting onto a new train. The amount of people engaging with us on these platforms is growing almost daily. We want to grow our hold on Facebook and Twitter for the next six to eight months, and we hope other things will follow.
Q: Do you have specific digital marketing strategies to bring out that extra special something?
We have MSE, which handles social media for us. Gone are the days where you used to pay for posts. Now, people are getting more agnostic towards such posts. So, last year, we had a Supernatural Thrillathon and a six city on-ground activation along with it. We did that again at the time of Sherlock to know what people thought of the content. We have seen the community of Supernatural grow nearly 50 per cent in the last year. We are not driving it; we have been only the facilitator in the process. So, the viewers are driving it themselves…
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.
