April 23, 2024

‘Agents of S.H.I.E.L.D.’ Gains a Big Audience While ‘The Voice’ Keeps Rolling

The networks on Tuesday night again demonstrated that they can successfully introduce a series to the public, as ABC’s much-hyped new comic-book drama, “Marvel’s Agents of S.H.I.E.L.D.,” posted the best numbers for a new drama in almost four years.

Still, the story of the early television season remains the performance of the NBC singing competition “The Voice,” which scored another two hours of hit ratings on Tuesday, surpassing its performance a year ago and leading all of television for its second hour.

The result for “S.H.I.E.L.D.” was welcome news for ABC, which put enormous support behind the start of the series, a spinoff from the movie franchise “The Avengers” (except that it does not star superheroes). Though the characters can’t fly, the premiere did, attracting just under 12 million viewers and a big 4.6 rating among viewers in the 18- to 49-year-old age group, which ABC uses for most of its ad sales. (That number, which is based on initial overnight sampling, is sure to grow when national ratings come in and even more so after delayed viewing is counted over the next three days.)

“S.H.I.E.L.D.” is the third new drama this season to open with hit-size numbers, following “Sleepy Hollow” on Fox and “The Blacklist” on NBC.

Unfortunately for ABC, Tuesday was book-ended by a second new drama, “Lucky 7,” which opened with the lowest drama ratings for a fall premiere that ABC has ever scored: fewer than five million viewers and only a 1.3 rating in that 18-49 category.

ABC got mixed results from its two new comedies in the 9 p.m. hour. “The Goldbergs,” which immediately followed “S.H.I.E.L.D.,” rode that lead-in to strong initial numbers, over nine million viewers and a 3.2 rating in the 18-49 measure. But the falloff accelerated in the 9:30 half-hour for “Trophy Wife,” which dropped to 6.6 million viewers and a 2.3 rating with those younger adults.

The competition was fierce Tuesday and it especially cost the Fox network. Ratings tumbled for two new comedies Fox introduced last week, “Dads” and “Brooklyn Nine-Nine”; and two of the network’s holdover comedies, “New Girl” and “The Mindy Project,” got battered.

The main reason: another potent night for “The Voice,” which again topped its ratings from a year ago. The music show averaged over 14 million viewers for its two hours Tuesday, with a 4.6 rating among the 18- to 49-year-old viewers. It would have likely been even bigger but for the sampling going on for “S.H.I.E.L.D.” in the 8 p.m. hour. In the 9 p.m. hour, “The Voice” jumped to 15.5 million viewers and a 5.2 rating in the 18-49 category.

CBS’s night of long-running crime shows held its own against the heightened competition, though their ratings were down from last year. The juggernaut “NCIS” still attracted more viewers than anything else on television, over 19 million, but it was down to a 3.4 rating in the 18-49 group from a 4.1 last season. It was the lowest “NCIS” premiere in six years.

Its spinoff, “NCIS: Los Angeles,” was also down, about 12 percent, to a 3.0 rating and just over 16 million viewers.

The strength of “The Voice” helped make a winner at 10 p.m. out of “Chicago Fire” on NBC, which scored a solid 2.8 rating among the 18-49 viewers. That topped “Person of Interest” (2.3) on CBS, though typically for that network it was the winner in total viewers with 12.3 million to 9.3 million for “Fire.”

Article source: http://www.nytimes.com/2013/09/26/business/media/agents-of-shield-gains-a-big-audience-while-the-voice-keeps-rolling.html?partner=rss&emc=rss

Media Decoder Blog: Seared by a Flop, DreamWorks Animation Reports $82.7 Million Loss

9:59 p.m. | Updated LOS ANGELES — Charges totaling $165 million, including a hefty write-down related to the underperforming movie “Rise of the Guardians,” prompted DreamWorks Animation to report an $82.7 million loss in the fourth quarter.

The company reported quarterly financial results on Tuesday after the close of trading. The company’s shares dropped 1.25 percent in regular trading, to $16.61, and fell less than 1 percent in after-hours trading.

“Rise of the Guardians,” which was released in November and directed by Peter Ramsey, cost more than $250 million to make and market, but took in less than $303 million at the global box office; that number is split 50-50 with theater owners. The company said on Tuesday that it would take an $87 million write-down for the film.

DreamWorks Animation, which has a remarkably consistent track record of hits, had strong hopes that “Rise of the Guardians” would start a new franchise. But families did not respond to its dark take on some classic childhood characters, like the Easter bunny, and instead it became perhaps the biggest flop in the company’s history.

The company, based in Glendale, Calif., also took fourth-quarter charges of $54 million related to a recent decision to withdraw from its schedule a movie planned for release next year (“Me My Shadow”). As part of its reshuffling of releases, DreamWorks Animation will lay off several hundred of its 2,000 employees.

Jeffrey Katzenberg, the company’s chief executive, mentioned the layoffs in a conference call with analysts on Tuesday. About 350 people will lose their jobs by the end of the year. The plan, he said, is to “meaningfully reduce our overall cost structure.”

For the quarter, DreamWorks Animation reported a loss of $82.7 million, or 98 cents a share, in contrast to a profit of $24.3 million, or 29 cents a share, for the same period a year ago. Revenue was $264.7 million in the recent quarter.

Because of the charges, which also included $20 million related to films in development and $4.6 million in restructuring costs, DreamWorks Animation reported a loss of $36.4 million for the year.

Mr. Katzenberg noted that the company scored big last year with “Madagascar 3: Europe’s Most Wanted,” which took in $746.6 million at the global box office. Still, he said, “One of the new challenges we face is heightened competition for family audiences,” making the perfect release date for films “critically important.”

Article source: http://mediadecoder.blogs.nytimes.com/2013/02/26/dreamworks-reports-82-7-million-loss/?partner=rss&emc=rss

DealBook: Goldman Sachs Earnings Soar

The headquarters of Goldman Sachs in New York.Mark Lennihan/Associated PressThe headquarters of Goldman Sachs in New York.

9:46 a.m. | Updated

Goldman Sachs on Wednesday reported a fourth-quarter profit of $2.89 billion, or $5.60 a share, a significant jump from the period a year earlier.

The per-share figure is after the company paid preferred dividends, and comes in well ahead of analysts’ expectations of $3.78 a share, according to Thomson Reuters.

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Analysts had been anticipating a fairly decent quarter for Goldman, and its results were buoyed by strong trading and investment banking results and lower compensation costs. In the fourth quarter of 2011, the bank earned $1.01 billion, or $1.84 a share.

The bank’s most recent results reflect a continued focus on cutting expenses as well as a number of investing gains, including $485 million from debt and security loans, the company said.

“While economic conditions remained challenging for much of last year, the strengths of our business model and client franchise, coupled with our focus on disciplined management, delivered solid performance for our shareholders,” Goldman’s chairman and chief executive, Lloyd C. Blankfein, said in a news release.

The results had an immediate effect on the firm’s stock, sending it up 2.7 percent in early morning trading.

Over all, the firm produced $9.24 billion in revenue in the quarter ended Dec. 31, up 53 percent from the same quarter in 2011. That also beat analysts’ estimates of quarterly revenue of $7.91 billion.

Goldman also revealed how much it had set aside for compensation, paying out $12.9 billion in 2012, an average of $399,506 to each of its 32,400 employees. This represented 37.9 percent of Goldman’s revenue for the year.

Over the last year, Goldman has reduced its payroll by 900 people. In 2011, the bank set aside $12.22 billion, or 42.4 percent, of its 2011 net revenue to pay compensation and benefits for its employees.

Goldman partners, a small group of top managers at the firm, will learn their 2012 compensation packages on Wednesday. The vast majority of employees, however, will be told what their bonuses will be on Thursday in what is known at Goldman as compensation communication day. These bonuses are on top of annual salaries, which can range from roughly $100,000 to $2 million for executives like Mr. Blankfein.

Bonuses on Wall Street — both the size of them and how they are paid — always draw scrutiny. Goldman Sachs decided this week not to delay the payment of bonuses to its staff members in Britain, a move that would have helped investment bankers and other highly paid employees benefit from a lower income tax rate.

Goldman Sachs was already drawing attention in the United States after it distributed $65 million in stock to 10 senior executives in December instead of January, when the firm typically makes such awards. That move helped the executives avoid the higher tax rates that will now be imposed on income of $450,000 or more.

The firm’s annual return on equity was 10.7 percent, up from 2011, when it was 5.8 percent. While this is far below its performance in boom years like 2006, when its return on equity was 41.5 percent, it is an achievement that it has broken above 10 percent.

Banks continue to fight difficult economic conditions at home and abroad, and Goldman’s results are still well below what it was producing before the financial crisis. Those outsize profits, however, were fueled by borrowing on credit and selling mortgage-linked products, and they have dwindled. New regulations aimed at reining in risk-taking have also reduced the profitability of certain businesses.

Revenue from investment banking came in at $1.41 billion, up 64 percent from the year-ago period.

Net revenue in Goldman’s powerful division that trades bonds, currencies and commodities was $2.04 billion, up 50 percent from levels in the quarter a year earlier. The firm said those results reflected an increase in mortgage revenues, which were “significantly higher” when compared with 2011.

The firm’s investing and lending division also had a stronger-than-expected quarter, posting revenue of $1.97 billion, up 126 percent from year-ago levels. The firm said this unit benefited from an increase in equity prices in Asia and Europe and a number of one-time gains. For instance, it logged a gain of $334 million from its investment in the Industrial and Commercial Bank of China, a strategic investment the firm made in 2006. It also had gains from the debt securities and loans it holds.

Goldman is one of a number of banks releasing earnings this week. JPMorgan Chase also Wednesday weighed in with its results, reporting a strong profit of $5.7 billion for the fourth quarter, up 53 percent from the previous year.

These positive results put pressure on Morgan Stanley to post good results when it releases its fourth quarter numbers on Friday. Analysts polled by Thomson Reuters are expecting Morgan Stanley to report earnings of 27 cents a share, up from a loss of 14 cents in the year-ago period.

Article source: http://dealbook.nytimes.com/2013/01/16/goldman-profit-soars-to-2-89-billion-in-4th-quarter/?partner=rss&emc=rss