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1 item from 2014

Amazon Drops Discovery and Scripps Shows, with Scripps the Bigger Loser

26 March 2014 9:17 AM, PDT | Variety - TV News | See recent Variety - TV News news »

As Amazon.com spends more money on original and exclusive content for its streaming-video service, the Internet retail giant is declining to renew deals for some TV content.

Amazon Prime Instant Video, available through the Prime free-shipping program, recently removed shows licensed from Scripps Networks Interactive and Discovery Communications, as reported by the Wall Street Journal.

Scripps stood to earn $11 million in 2014 licensing revenue from Amazon, according to Sanford Bernstein senior analyst Todd Juenger. Scripps has about $0.04 earnings per share in jeopardy, out of a projected Eps of $3.95, unless the programmer can reach a deal with another Svod service like Netflix or Hulu.

Discovery, for its part, has told Wall Street that no Svod licensing revenue was factored into fiscal 2014 guidance. “We continue to see upside to that conservative assumption, believing Discovery is likely to get at least a small deal from one of the Svod players,” Juenger wrote in a research note. »

- Todd Spangler

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2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008

1 item from 2014

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