http://www.nytimes.com/2011/04/05/business/media/05vice.html?_r=1
Today it is a pan-media confederation with a record label, a book label, its own television series and a full-service media agency. It is about to grow larger still with the backing of some of the biggest names and deepest pockets in the media business.
Vice is preparing to announce investment partnerships with Tom Freston, MTV’s co-founder; WPP, the giant media conglomerate; and the Raine Group, a boutique investment firm. To help it expand, Vice has also enlisted William Morris Endeavor Entertainment and its chief executive, Ari Emanuel, to represent the company.
Vice now employs 750 people in offices in 34 countries and claims some 2,500 contributors. Mr. Smith said that as a next step, he would like to see Vice build offices in China and India that are on par with its large operations in London and New York. He said he expected the company’s profits to approach $50 million within the next couple of years.
Showing posts with label media. Show all posts
Showing posts with label media. Show all posts
Tuesday, April 5, 2011
Monday, January 10, 2011
Access 360 Media announces new round of financing
http://www.btobonline.com/article/20110105/FREE/301059997/access-360-media-announces-new-round-of-financing
Access 360 Media, an out-of-home advertising network, has raised a $12 million round of Series C financing led by Columbia Capital.
Additionally, sources close to the company said that investors have committed as much as $50 million to finance acquisitions. Access 360 Media said it operates 20,000 screens in about 100 locations such as sports arenas and shopping malls.
Access 360 Media, an out-of-home advertising network, has raised a $12 million round of Series C financing led by Columbia Capital.
Additionally, sources close to the company said that investors have committed as much as $50 million to finance acquisitions. Access 360 Media said it operates 20,000 screens in about 100 locations such as sports arenas and shopping malls.
Friday, July 9, 2010
Internet Is Set to Overtake Newspapers in Ad Revenue
http://blogs.wsj.com/digits/2010/06/15/internet-is-set-to-overtake-newspapers-in-ad-revenue/?mod=rss_WSJBlog&mod=
The online ad business, excluding mobile ads, is set to expand to $34.4 billion in 2014 from $24.2 billion in 2009, according to the report, which PwC plans to release Tuesday.
Newspapers, meanwhile, continue to suffer from a decline in advertising revenue. According to numbers released by the Newspaper Association of America earlier this year, print advertising revenue dropped 28.6% in 2009 to $24.82 billion. The PwC report estimates that print advertising in newspapers will hit $22.3 billion by 2014.
“Although the Internet did not fully escape the impact of the recession, its decline in the United States was much less severe than that of other advertising media,” the PwC report notes.
Shifts in consumer behavior, potential for inventory on the Internet, and increased broadband penetration in the U.S. are key factors in PwC’s projections, according to David Silverman, a partner at PwC.
The online ad business, excluding mobile ads, is set to expand to $34.4 billion in 2014 from $24.2 billion in 2009, according to the report, which PwC plans to release Tuesday.
Newspapers, meanwhile, continue to suffer from a decline in advertising revenue. According to numbers released by the Newspaper Association of America earlier this year, print advertising revenue dropped 28.6% in 2009 to $24.82 billion. The PwC report estimates that print advertising in newspapers will hit $22.3 billion by 2014.
“Although the Internet did not fully escape the impact of the recession, its decline in the United States was much less severe than that of other advertising media,” the PwC report notes.
Shifts in consumer behavior, potential for inventory on the Internet, and increased broadband penetration in the U.S. are key factors in PwC’s projections, according to David Silverman, a partner at PwC.
Media CFOs optimistic about digital future, says Ernst & Young survey
http://www.marketingmag.ca/english/news/media/article.jsp?content=20100623_153346_7132
To keep up with Canada's changing media and entertainment industry, companies must embrace new digital and mobile offerings while maintaining costs on traditional operations, according to a new Ernst & Young survey.
Three-quarters of CFOs see the development of new distribution channels as an opportunity for growth, with 63% planning to create new products and services to drive revenue. The CFOs forecasted that cable operators and Internet/interactive media companies are positioned to grow the fastest in the industry.
"Consumers are becoming increasingly sophisticated and want interactive content," said Neal Clarance, leader of Ernst & Young's Media and Entertainment practice in Canada, in a release.
"The mobile phone, for example, is becoming the new Internet and home computer, so that one device enables the user to work, play and communicate. New products and technology improvements will continue to drive a shift in consumer desires and behaviour."
According to the survey, consumers are using mobile devices three times more often than they did five years ago. On the other hand, time spent with traditional media, such as TV and radio, is declining. Sixty-six percent of CFOs believe disruptive business models, such as ebooks and mobile content will have the greatest impact on the media and entertainment industry during the next two to three years.
To keep generating revenue from traditional media and entertainment sources, CFOs believe that process improvement (according to 69% of participants) and integrating with other technologies (63%) will help manage costs in the near future.
Clarance believes the advances in digital and mobile capability will create a shift in advertising, to more specific product placement and targeted advertising online.
"Marketing and advertising has traditionally been about how to get the most ‘eyes seeing your product,'" Clarence said. "But now it's more about how to attract the "right eyes."
Still, Clarance said companies have not determined the most efficient way to attract revenue from digital markets.
"The company that comes up with a winning formula is sure to become an industry leader, but in the meantime, a lot of money will need to be spent searching for a solution," he said.
To keep up with Canada's changing media and entertainment industry, companies must embrace new digital and mobile offerings while maintaining costs on traditional operations, according to a new Ernst & Young survey.
Three-quarters of CFOs see the development of new distribution channels as an opportunity for growth, with 63% planning to create new products and services to drive revenue. The CFOs forecasted that cable operators and Internet/interactive media companies are positioned to grow the fastest in the industry.
"Consumers are becoming increasingly sophisticated and want interactive content," said Neal Clarance, leader of Ernst & Young's Media and Entertainment practice in Canada, in a release.
"The mobile phone, for example, is becoming the new Internet and home computer, so that one device enables the user to work, play and communicate. New products and technology improvements will continue to drive a shift in consumer desires and behaviour."
According to the survey, consumers are using mobile devices three times more often than they did five years ago. On the other hand, time spent with traditional media, such as TV and radio, is declining. Sixty-six percent of CFOs believe disruptive business models, such as ebooks and mobile content will have the greatest impact on the media and entertainment industry during the next two to three years.
To keep generating revenue from traditional media and entertainment sources, CFOs believe that process improvement (according to 69% of participants) and integrating with other technologies (63%) will help manage costs in the near future.
Clarance believes the advances in digital and mobile capability will create a shift in advertising, to more specific product placement and targeted advertising online.
"Marketing and advertising has traditionally been about how to get the most ‘eyes seeing your product,'" Clarence said. "But now it's more about how to attract the "right eyes."
Still, Clarance said companies have not determined the most efficient way to attract revenue from digital markets.
"The company that comes up with a winning formula is sure to become an industry leader, but in the meantime, a lot of money will need to be spent searching for a solution," he said.
Media executives see small deals as key to future
http://www.reuters.com/article/idUSTRE6655HU20100706
Small-sized acquisitions and strategic buys rather than blockbuster multibillion dollar deals will be on the minds of the media moguls and financiers who gather at this week's Sun Valley conference.
At the top of their shopping lists will be individual media assets such as TV stations, radio companies and newspapers rather than powerhouse takeovers similar to Comcast Corp's acquisition of NBC Universal last year.
Dennis Miller, a partner a venture capital firm Spark Capital, which has stakes in Twitter and Internet TV company Boxee among others, said traditional media executives are torn between the possibilities that social media presents -- and the risk of a foolish investment.
"They're still conflicted between seeing the post-AOL/Time Warner scar tissue and the realization that 'oh my god, my consumers are in places we never expected, there are 450 million people on Facebook'," said Miller.
How hot is the space? This year, mobile media & technology transactions are up by 188 percent, according to Jordan Edmiston. That includes small acquisitions by Apple Inc Yahoo Inc, Google Inc and Twitter.
"You'll see some mid-size acquisitions of Internet businesses in the hopes that it will help them transform, that one of them will hit big. They will place bets, but they will be relatively small bets," said Jonathan Knee, an investment banker at Evercore Partners.
Small-sized acquisitions and strategic buys rather than blockbuster multibillion dollar deals will be on the minds of the media moguls and financiers who gather at this week's Sun Valley conference.
At the top of their shopping lists will be individual media assets such as TV stations, radio companies and newspapers rather than powerhouse takeovers similar to Comcast Corp's acquisition of NBC Universal last year.
Dennis Miller, a partner a venture capital firm Spark Capital, which has stakes in Twitter and Internet TV company Boxee among others, said traditional media executives are torn between the possibilities that social media presents -- and the risk of a foolish investment.
"They're still conflicted between seeing the post-AOL/Time Warner scar tissue and the realization that 'oh my god, my consumers are in places we never expected, there are 450 million people on Facebook'," said Miller.
How hot is the space? This year, mobile media & technology transactions are up by 188 percent, according to Jordan Edmiston. That includes small acquisitions by Apple Inc Yahoo Inc, Google Inc and Twitter.
"You'll see some mid-size acquisitions of Internet businesses in the hopes that it will help them transform, that one of them will hit big. They will place bets, but they will be relatively small bets," said Jonathan Knee, an investment banker at Evercore Partners.
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