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There was a moment last November when Channel 4 ’s senior executives breathed a sigh of relief. Sat at the top table of Channel 4’s 40th birthday party, Chief Executive Alex Mahon was flanked by her friend Elisabeth Murdoch and doyens of UK broadcasting, including BBC Director-General Tim Davie and Carolyn McCall, ITV’s Chief Executive. They were raising a glass to a British success story in a rare public display of unity. On the same table was Thérèse Coffey, a senior government minister who had survived three prime ministers in the space of little more than three months. Her presence at the V&A Museum event bemused others, who believed the government only had hostile intentions for Channel 4 after sanctioning a sale of the broadcaster against its wishes. Things soon got weirder. Coffey turned to Mahon and asked if she could raise a glass to Channel 4. She then proceeded to surprise the room full of TV luminaries by serenading her hosts with a rendition of happy … [Read more...] about Channel 4: Inside The Doomed Sale Of A Crown Jewel Of British Television

UPDATED with content spend stats from annual report: Giant Amazon said its total expenses for video and music came to $16.6 billion last year, up from $13 billion in 2021. Video and music expense includes licensing and production costs associated with content offered within Amazon Prime memberships, and costs associated with digital subscriptions and sold or rented content, according to the company’s latest annual report that followed fourth quarter financials yesterday. On an earnings call Thursday, CFO Brian Olsavsky noted that Amazon spent $7 billion on originals, live sports and licensed content in 2022, up from $5 billion the year before. It’s unclear if those figures include all worldwide video content, which is increasingly central to Amazon’s strategy in driving membership for Prime, the biggest loyalty program in the world and the beating heart of the company. Amazon (which acquired MGM last year for $8.5 billion in cash) carefully evaluates its return on … [Read more...] about Amazon Praises Video As Key Driver Of Prime; 2022 Content Spend, Including Music, Hit $16.6 Billion

Universal’s M. Night Shyamalan R-rated thriller Knock at the Cabin opened its doors last night to $1.45 million in previews off showtimes that began at 5 p.m. That number is just under the preview figure of Shyamalan ‘s Old, which did $1.5M before a $16.8M opening. Knock at the Cabin ‘s previews makes sense as the tracking outlook for the movie is between $15M-$17M at 3,643 theaters. It also has the fuel from PLF and Dolby ticketing. The pic cost $20M before P&A. While Old ‘s opening was at a time when moviegoers were making their way back to the cinema from the pandemic, when it comes to Shyamalan the theatrical business of his films boils down to his endings. Old put many off with a C+ CinemaScore and critics at 50% Rotten, the pic legging out to $48.2M. That was a different scenario from his recent Universal highpoints, Split ($40M opening, $138.2M domestic) and Glass ($40M opening, $111M domestic), which were connected to his 2000 thriller … [Read more...] about ‘Knock At The Cabin’ Grabs $1.45 Million In Thursday Screenings, ‘80 For Brady’ $1.27M In Total Previews – Friday AM Box Office