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  • HOLLYWOOD'S "DREAM TEAM" SIGNS ON WITH CAP CITIES/ABC

         The so-called "Dream Team" -- Jeffrey Katzenberg, Steven
    Spielberg and David Geffen -- formed a partnership with ABC/Cap
    Cities to produce prime-time and syndicated TV shows.  CNN's
    Steve Young said the deal, reportedly $200M over seven years,
    "sheds more light on ABC than the trio."  Smith Barney Media
    Analyst John Reidy:  "The theory or rumor or myth that all the
    networks were going to acquire a movie studio is pretty much --
    at least in the case of Capital Cities/ABC -- put to rest by this
    deal."  CNN's Young noted the timing, with Paramount and Warner
    Brothers launching their own networks in '95 ("Moneyline,"
    11/28).  ABC Television Network Group President David Westin said
    he hoped the new studio will eventually produce all of ABC's
    programming, while Cap Cities/ABC President Robert Iger said the
    net considers the deal its "big bet" (John Carmody, WASHINGTON
    POST, 11/29).  The deal represents "a dramatic departure from the
    traditional financial relationship" between studios and networks.
    "The venture will be a 50/50 split between the two sides, both in
    financing and in reaping the profits from syndication sales and
    other sources" (Jane Hall, L.A. TIMES, 11/29).  Wertheim Schroder
    & Co. analyst David Londoner:  "It is the first time, to my
    knowledge, that a network has shared revenues with a production
    entity" (Geraldine Fabrikant, N.Y. TIMES, 11/29).  The deal is
    seen as a "coup" for Iger, and "it goes a long way toward easing
    concerns about his longer-term vision for ABC's future" (W.S.
    JOURNAL, 11/29).
    

    Print | Tags: ABC, Media, Time Warner, Walt Disney
  • MEDIA NOTES

         NBC's FTC petition challenging the sale of several TV
    stations to SF Broadcasting -- a Fox partner -- will hold up the
    sale of the Boston Celtics-owned WFXT to Fox for "two to three
    months" (BOSTON GLOBE, 11/29)....While WFXT claimed a $325,000
    profit off buying the local rights to the Patriots-Colts on ESPN,
    one Boston ad exec noted the station might want a "rebate" (Jim
    Baker, BOSTON HERALD, 11/29).  Of the 25.9 total rating for the
    game, WFXT received a 15.7 and ESPN got a 10.2.  The conclusion
    by Jack Craig of the BOSTON GLOBE:  "Given a major event, ESPN is
    a powerful threat to conventional television" (BOSTON GLOBE,
    11/29)....Turner Sports claims its NASCAR ratings topped ESPN and
    The Nashville Network for the first time.  TBS averaged a 3.3 (5
    races), ESPN 3.2 (14 races), and TNN 3.0 (7 races)  (Michael
    Hiestand, USA TODAY, 11/29).  Also, NASCAR announced its
    Craftsman Supertruck series debut on Sunday, November 20, was
    TNN's top rated show that day (NASCAR).... Viacom Chair Sumner
    Redstone is profiled in the latest issue of FINANCIAL WORLD.
    "Redstone believes that the secret for a media company in this
    fast-changing environment is not to bet on any single delivery
    system, but rather to be the provider of the entertainment" (FW,
    12/6 issue).
    

    Print | Tags: Boston Celtics, ESPN, Indianapolis Colts, NASCAR, NBC, New England Patriots, News Corp./Fox, Media, TBS/TNT, Time Warner, TNN, Viacom, Walt Disney
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