From Nikki Finke's Deadline Hollywood:
Add Walt Disney Studios and Lionsgate to the companies laying off staff. Disney's will be roughly 5% largely in the distribution area... Lionsgate laid off less than 20 people as part of a reorganization affecting home entertainment and service areas. And, Viacom No. 2 Phillippe Dauman said this about Paramount Pictures signalling what may be layoffs there: "As the home entertainment stream is challenged, fewer DVDs are being sold, so you have to review your home entertainment overhead. That's adjusting to the business model. We’re very focused on that. We continue to work on the overhead there."
Compensation for 2010
Phillippe Dauman
Salary $2,625,000.00
Bonus $0.00
Stock awards $41,833,309.00
Other $141,206.00
Option awards $28,620,000.00
Non-equity incentive plan compensation $11,250,000.00
Change in pension value and nonqualified deferred compensation earnings $45,793.00
Total $84,515,308.00
Getting to fire "overhead"...priceless!
Posted by: The Truth Fairy | Tuesday, June 07, 2011 at 03:55 PM
Paramount Pictures announced today that the studio has passed the $1 billion mark for the calendar year at the international box office, reaching the milestone on Friday with the debut of Super 8 -- that's four days sooner than last year's record-setting pace. It's the fifth year in a row that Paramount Pictures International has topped $1 billion.
Posted by: Eat The Rich | Wednesday, June 15, 2011 at 02:06 PM
Viacom CEO Philippe Dauman
• "For the content owners there’s never been a better time."
• "Netflix is primarily a service that provides library programming…. Netflix got involved in one show (House Of Cards) that was a pay television kind of project, but that isn’t their fundamental business."
• "If we are ad supported, (then) we need to have a measurement system in place so the mobile device in the home can sell ads…. (Nielsen) is not measuring it now. That’s one of the obstacles [for TV Everywhere]."
• "Consumers are changing… People don’t want to watch the 17th repeat of the same show."
• "In a world of a lot of choices, Snookie still rules."
Posted by: Eat The Rich | Sunday, June 19, 2011 at 10:58 AM