With the fall of a kingmaker, CBS is punished on Wall Street
NEW YORK (AP) — Sizing up a future of a network without its kingmaker, Wall Street sent shares of CBS down sharply Monday, the first day of trading since the departure of Les Moonves.
CBS said late Sunday, as more allegations of sexual abuse surfaced, that Moonves would be replaced and that the company was shaking up its board of directors.
Shares are down more than 8 percent this year, and suffered their biggest downturn in nearly 7 years in July when details of the accusations surfaced.
BEVERLY HILLS, Calif. (AP) — What's the television industry's top summer destination? A hotel in which 200-plus U.S. and Canadian entertainment reporters and critics gather for an early look at next season's shows and the chance to question the actors, writers and producers who create them.
SANTA FE, N.M. (AP) — Officials in New Mexico's film and television industry say a new governor may help boost business for film production in the state.
Governor: Film industry infuses $505M in New Mexico economy
SANTA FE, N.M. (AP) — The film and television industry contributed more than a half-billion dollars to New Mexico's economy last year, representing one of the state's bright spots.
Gov. Susana Martinez says the economic contribution shattered the previous record by more than $115 million and marks the third straight record-setting year for the industry.
Martinez cheers record impact of film industry, touts incentive program
ALBUQUERQUE — The movie and television industry generated a record $505 million for New Mexico’s economy in the past year, an increase of nearly $120 million over the previous 12 months, Gov. Susana Martinez said Wednesday.
“From our talented workforce to our unmatched scenery and robust incentives, the choice is clear,” the governor said from a soundstage at Albuquerque Studios. “New Mexico is the perfect place for film and television production.”
It's the television industry's biggest week of the year. Thousands of advertisers are descending on New York City's most prestigious venues — Radio City Music Hall, Lincoln Center and Carnegie Hall — to get their first glimpse of the major networks' new fall schedules before agreeing to shell out billions of dollars for TV time.
But the gathering comes at a troubling time for the industry: TV's advertising model is under siege.
LONDON (AP) — A U.K. scandal torpedoed Rupert Murdoch's first attempt to take control of British-based broadcaster Sky. Now claims of sexual harassment at his U.S.-based Fox News are creating storm clouds around a second.
New Indiana agency in charge of film, television industry
INDIANAPOLIS (AP) — A new agency in Indiana has taken responsibility for the state's film industry.
The Indiana Office of Tourism Development said Monday that it has transitioned Film Indiana from the Indiana Economic Development Corporation. Film Indiana is the in charge of the film, television, commercial and new media industry. It promotes Indiana to prospective filmmakers and helps companies looking for production services in Indiana.
Ringside Seat: State rebates for film industry deserve an encore
History is most easily forgotten when times are bad. And with state government spending more money than it’s taking in, these times are a mess in New Mexico.
The economy was almost as weak in 2011 when Gov. Susana Martinez took office. In that climate, she regularly attacked the movie and television industry, even though it was a supplier of jobs and money that the state desperately needed.
- Globe NewswireSony Pictures Television and Chicken Soup for the Soul Entertainment Launch Joint Venture “Crackle Plus” and Announce Closing of Related TransactionsMay 14, 2019
- Business WireRuss Riggins Joins Three Point Capital as VP of Tax Credit AdvisoryMay 14, 2019
- Business WireATBA & ARK Announced LPTV Industry Standards and Practices GroupApril 8, 2019