Rapid TV News - Analysis
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Major business

YouTube signing up Big 4 broadcasters for live-streaming service

YouTube is making progress in signing media giants for its live-streaming service, set to debut next year, including the Big 4 broadcasters.

AT&T acquires Time Warner in $86BN deal

hbo go etbIn a deal of such enormity to not only the TV and entertainment industry but also politically, AT&T has bought media and entertainment giant Time Warner.

Spinal Tap star lays into Vivendi: ‘This lawsuit goes to $125MN’

This is Spinal Tap star Harry Shearer is suing media ginat Vivendi for allegedly withholding millions of dollars in profits.

Media Analysis

Era of linear not dead even as online video surges

The boom in online video platforms on a global basis is not even a matter of argument any more but linear TV is not about to fade away any time soon, says a report by IHS Markit.

More than half of Millennials have ‘show-dumped’

Millennials and Generation Z viewers are the most likely to give up on shows they previously enjoyed when it becomes too difficult to access them, according to TiVo.

Third of all films broadcast on Europe TV originate from region

Films produced in Europe accounted for 31% of films broadcast by the region’s TV channels during the 2014-2015 season says a report released by the European Audiovisual Observatory.

Media Investment

DreamWorks settles anti-poaching suit for $50MN

Leading global animation studio DreamWorks has settled a suit filed by animators for the sum of $50 million.

Sony boosts VOD portfolio with stake in Hopster

Sony Pictures Television Networks (SPT) has announced it has become a strategic equity investor and has taken a seat on the board of leading global pre-school subscription video-on-demand (SVOD) platform Hopster.

PwC: Digital products will lead sports rights growth

Digital products will lead the way for the sports industry when it comes to content distribution, according to PwC’s Outlook report on the sports industry.

DreamWorks settles anti-poaching suit for $50MN

Michelle Clancy
Leading global animation studio DreamWorks has settled a suit filed by animators for the sum of $50 million.

dreamworksAccording to a court filing, the $50 million is about 39.3% of the damages that a plaintiffs' expert attributed to DreamWorks, which was bought by NBCUniversal in April. As part of the deal, the studio also has agreed to help authenticate its own documents and answer reasonable questions, but will not voluntarily produce any employee to testify at trial.

The legal battle began in 2014, when a former DreamWorks employee alleged that there was a conspiracy amongst big studios to deny workers in the visual effects community better work opportunities by agreeing not to hire them away from each other. Since then, plaintiffs have won several challenges, including overcoming a motion to dismiss and became a certified class.

“The conspiracy deprived Plaintiff and other class members of millions of dollars which Defendants instead put to their bottom lines," the complaint read. "It did so at the same time that the films produced by these workers achieved world renown and generated billions of dollars in revenues in the United States and abroad."

The suit was the latest one claiming a "gentleman's agreement" between major animation studios was actually an illegal anti-poaching deal -- and the latest one to result in a settlement as the suits proceed toward trial.

Sony and blue Sky offered settlement in similar suits recently, for a combined $19 million. And LucasFilm and Pixar both settled suits over the issue in 2013. But still unsettled is Walt Disney Co (now LucasFilm’s owner), who with DreamWorks had filed for interlocutory appeal this summer but was denied in August. The studios had asked the court in July to send the fight to the 9th Circuit before it goes to trial at the district court level.