1. Why Hollywood studios are upending spending.
- Author
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Stanley, T. L. and Cuneo, Alice Z.
- Subjects
- *
FILMMAKING , *MOTION picture advertising , *MARKETING strategy , *BUSINESS planning , *MARKETING - Abstract
This article examines why production companies in Hollywood are upending their advertising spending. As more dollars flow from traditional media to web, video on demand and wireless platforms, News Corp.'s 20th Century Fox has thrown its $1 billion media business up for grabs as it consolidates most of its worldwide account at a single global agency. Lions Gate Entertainment, one of the few remaining independents, is searching for a new shop for its $130 million account after working with Palisades Media Group for seven years. And MGM, trying to make a comeback, hired Palisades for its $90 million account in March only to abruptly switch to RPA this summer, according to executives familiar with the matter.
- Published
- 2006