English Entertainment
Fox Sports introduces downloads for bowl championship series
MUMBAI: Fox Sports has announced that, for the first time ever, full-length games from the 2007 Tostitos bowl bash will be available on the internet via several digital download sites beginning 28 December.
Developed in partnership with the Bowl Championship Series, the complete content offering is a comprehensive collection of digital downloads made available online in association with a major sporting event. It also marks the first time that Fox Sports has made downloadable content available for sports fans on the Web, asserts an official release.
Fans can access the Tostitos Bowl Bash downloads by visiting Fox at http://Foxsports.com, http://direct2drive.com, Apple’s iTunes, Amazon’s Unbox, AOL Video, CinemaNow and Instant Media.
Fox Sports on MSN and Direct2Drive will also offer a comprehensive programming hub for the Tostitos Bowl Bash, including a free, live simulcast of the AT&T Cotton Bowl Classic, which marks the first time a 1 January bowl game has been streamed live on the Internet, adds the release.
Through this digital distribution program, football fans will be able to purchase preview shows covering each of the BCS games airing on Fox Sports and also pre-order full-length games, highlight packages and Short Cuts – a condensed version that allows users to watch each game in approximately 20 minutes. Fans can purchase single-game highlights or a Best of the Bowl Bash highlight package that will feature the best plays from all five games in one program produced exclusively for digital distribution.
Fox Sports presidentd E Goren said, “Sports fans are consuming content on new and different platforms every day, and our goal is to expand the reach of Fox Sports and the BCS to as many of those media platforms as possible. By working with great distribution partners both within the Fox family and externally, we have given college football fans an incredible amount of choice when looking for official BCS content online.”
Fox Sports Enterprises executive vice president Gary Ehrlich added, “Our goal is to expand the reach of the Bowl Championship Series through as many platforms as possible, and digital rights have become a more important part of the media mix every year. This content offering represents important first steps in digital delivery for both the BCS and Fox Sports, and we look forward to finding more ways to deliver sports content to fans via digital download in the future.”
Preview shows will be available through all distribution channels starting 28 December and will in many cases feature both game overviews and team-centric preview packages. Though exact timing may vary, most full-length games will be available for download within 24 hours of a given game’s completion, and several distribution partners will enable fans to pre-order any of the games starting 28 December.
Preview shows, Short-Cuts and the Best of the Bowl Bash highlight program is be priced at $1.99 each, while full-length games at $2.99. Every Bowl Bash full-length game and the Best of the Bowl Bash highlight package is priced at $19.99.
In addition, select retail partners will allow fans of participating teams to purchase all products related to a specific BCS Bowl game – including previews shows, the full-length game, the Short-Cut and the Best of the Bowl Bash highlight package for $6.99.
While serving as one of the distribution channels for downloadable BCS content, Fox Sports on MSN will also offer its users a wealth of free video and audio content related to college football’s biggest week. The site will deliver free live audio streaming of four BCS games, provide pre- and post-game video reports from several bowl locations, and serve as the home for Fox College Bowl Pick ’em – the official fantasy game of the Bowl Championship Series.
“With more than a month of hype leading up to the games, college football fans are hungry for any and all BCS content in advance of the broadcasts. From pre-game shows to live game streaming, we are delivering the same great Fox Sports content to fans, whether they’re tuning into the games on television or visiting us on the Web,” said Fox Sports Interactive senior vice president Brian Grey.
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.
