September 21, 2019

New Executive of Slimmed-Down Fox Network Faces First Big Test

New Executive of Slimmed-Down Fox Network Faces First Big Test

Thanks to Thursday Night Football, the WWE on Friday nights, college football on Saturday nights and then the N.F.L. on Sunday afternoons, he actually didn’t have to come up with all that much in the way of comedies and dramas for the fall.

“We have some scarcity on our schedule,” he said. “Scarcity is a friend.”

Many financial analysts are bullish on Fox, particularly given the network’s ability to pick up shows from other studios. “We tend to think it’s a good thing to be an open shopper of anyone’s content,” said Michael Nathanson, a media analyst at MoffettNathanson. “The network is freed up now without having shows jammed down their throat from its own studio.”

Outside sellers and producers seem open, too.

“I started making television when I was 25, and there was no Fox,” said Mr. Grazer, the producer. “There were no production companies that were partners to the networks, either. What matters is, does the platform have hits? Is there a differentiation? Is it getting audiences?”

In a statement, Lachlan Murdoch, the chief executive of the slimmer Fox Corporation, praised Mr. Collier’s expertise. “Not only is Charlie an impressive executive, but he has a great eye for creative talent and understands the importance and cultural significance of our history,” Mr. Murdoch said.

Mr. Collier will need those skills, if there’s any backlash from Hollywood against the network because of its ties to Fox News, the most profitable arm of the new Fox Corporation.

For years, Fox News and Mr. Murdoch’s entertainment companies peacefully coexisted, however uncomfortably. Many within Fox chalked up the lack of tension to the sheer size of the company, which included the studios and cable networks.

What’s left now is Fox News, the Fox Business Network, the broadcast channel, some local TV stations and the sports division and its cable channels. And it should be noted that, even in its reduced state, the company has a valuation of $23.7 billion.

Source link

About The Author

Related posts