Paramount payoff confirmed by Viacom earnings report
Although it's all water under the bridge now, we still find it interesting that Viacom's recent earnings statement confirmed that Paramount received compensation for dumping Blu-ray. But contrary to the New York Times article, Variety is reporting that it was only $29 Million, instead of $150 Million. This is of course only cash, and it is still entirely possible that the other $121 Million included future revenues that didn't materialize once things fell apart, but we have a hard time believing Paramount received that much in promotional services or free replication. And while the Warner payoff rumors weren't from a source as sound as the NYT, we'll still be keeping an eye on revenue statements from Engadget and Warner's shared parent company all the same.[Via Format War Central]




Hope you like your movies served fresh on-demand, as Viacom, Paramount, Lionsgate and MGM have just announced plans for a new "premium" channel launching fall 2009. Other than having access to Paramount and Paramount Vintage titles released to theaters on or after January 1, 2008, and MGM, United Artist and Lionsgate flicks released after January 1, 2009, the service plans a "robust" VOD component. According to Variety, the big loser here is Showtime, which loses access to several theaters it's depended on for content, and also faces competition for shows like Weeds and Dexter. We're sure no premium movie channel would launch in this day and age without an HD offering, so tell your provider to keep a slot open for this latest addition.
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