Archive for January, 2013

Simmons added to HBO’s ‘True Detective’ cast

January 31, 2013  |  Variety  |  No Comments

Supporting players sign on for Harrelson, McConaughey series

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Cinedigm collars ‘Narco Cultura’

January 31, 2013  |  Variety  |  No Comments

Distrib plans theatrical and awards-qualifying run this year

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Cutting Edge cues film financing deals

January 31, 2013  |  Variety  |  No Comments

Company provides music services to 'Don Jon's Addiction,' 'Dead Man Down'

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Fusion-io’s Flash Madness Slows Down as Apple and Facebook Trim Orders

January 30, 2013  |  All Things Digital  |  No Comments

Shares of Fusion-io, the company that uses flash memory to enhance servers in data centers, are falling like crazy. Seems forecasts for the coming quarter came in below the aggressive projections of Wall Street analysts. Having risen more than 3 percent to $20.09 on the New York Stock Exchange today, Fusion’s shares fell by more than 17 percent to $16.79 in after-hours trading after the company said it expects slower revenue growth as major customers Facebook and Apple slowed orders. CFO Dennis Wolf claimed the timing of orders from those two companies slipped by two quarters. Together Facebook and Apple account for 51 percent of Fusion’s business. I just got off the phone with CEO David Flynn, who told me that having two customers account for so much of its business was always a risk. But? When Fusion first IPO’d in 2011, Apple and Facebook accounted for 70 percent of sales, so it could have been worse. “We knew there was going to be some risk with customer concentration,” he said.

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ShoeDazzle Hoping to Woo Back Customers With New Subscription Offer

January 30, 2013  |  All Things Digital  |  No Comments

A year ago, ShoeDazzle stopped offering its subscription service , hoping to encourage a much broader audience of women to buy shoes on its site. But next month, the Los Angeles-based company plans to relaunch subscriptions, hoping to bring back customers who stopped visiting on a regular basis without the monthly obligation. The change is one of many taking place at the company since CEO Bill Strauss was replaced by its founder, Brian Lee, three months ago. Lee calls the new subscription offer “Amazon Prime with a twist.” The old deal cost $40 a month to receive a new pair of pumps, wedges or heels based on your likes and preferences. The new deal costs only $9.95 a month and can be used like a credit that can be applied toward the purchase of a pair of shoes. The ShoeDazzle-branded shoes will continue to cost only $40, but the company will also start selling name-brand shoes for up to $80, providing a wide variety of styles to choose from. The credit can accumulate for up to 12 months, allowing women to apply multiple months of credit toward one pair of shoes. Lee said the program is designed to increase loyalty. If someone already has $10 to spend on the site, they will find more reasons to return on a regular basis. (Its closest competitor, JustFab, is still charging $40 for its shoe subscription.) Since launching a beta program a couple of weeks ago, Lee said, they already have 12,000 people signed up and thousands more on the wait list. The members already have increased visits to the site by 12 percent and have a 30 percent higher buy rate. When ShoeDazzle discontinued its subscription service a year ago, Lee said it was successful in opening up the site to more buyers, but more importantly, they lost engagement. As part of re-engaging its fan base, Lee has also hired designer and stylist Rachel Zoe as chief stylist , the company’s second celebrity spokesperson.

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ShoeDazzle Hoping to Woo Back Customers With New Subscription Offer

January 30, 2013  |  All Things Digital  |  No Comments

A year ago, ShoeDazzle stopped offering its subscription service , hoping to encourage a much broader audience of women to buy shoes on its site. But next month, the Los Angeles-based company plans to relaunch subscriptions, hoping to bring back customers who stopped visiting on a regular basis without the monthly obligation. The change is one of many taking place at the company since CEO Bill Strauss was replaced by its founder, Brian Lee, three months ago. Lee calls the new subscription offer “Amazon Prime with a twist.” The old deal cost $40 a month to receive a new pair of pumps, wedges or heels based on your likes and preferences. The new deal costs only $9.95 a month and can be used like a credit that can be applied toward the purchase of a pair of shoes. The ShoeDazzle-branded shoes will continue to cost only $40, but the company will also start selling name-brand shoes for up to $80, providing a wide variety of styles to choose from. The credit can accumulate for up to 12 months, allowing women to apply multiple months of credit toward one pair of shoes. Lee said the program is designed to increase loyalty. If someone already has $10 to spend on the site, they will find more reasons to return on a regular basis. (Its closest competitor, JustFab, is still charging $40 for its shoe subscription.) Since launching a beta program a couple of weeks ago, Lee said, they already have 12,000 people signed up and thousands more on the wait list. The members already have increased visits to the site by 12 percent and have a 30 percent higher buy rate. When ShoeDazzle discontinued its subscription service a year ago, Lee said it was successful in opening up the site to more buyers, but more importantly, they lost engagement. As part of re-engaging its fan base, Lee has also hired designer and stylist Rachel Zoe as chief stylist , the company’s second celebrity spokesperson. ShoeDazzle was founded, in part, by Kim Kardashian. The celebrity angle is one that Lee has tapped multiple times. He is also the CEO at The Honest Company, a monthly subscription service he co-founded with actress Jessica Alba that delivers eco-friendly diapers, wipes, skin care and cleaning products to your home. A new subscription offering and a new celebrity aren’t the only changes Lee has made since rejoining ShoeDazzle. In October, he laid off 22 of the company’s 240 employees and cut back on other verticals the company was getting into like swimwear, lingerie and handbags. He also relaunched the site, adding two new features that are designed to give customers reasons to return on a daily basis. Rachel Zoe’s Edit gives fashion advice to shoppers, and the Daily Fix introduces a new pair of shoes everyday. Despite all the changes, Lee said the company recorded $100 million in revenue in 2012, an 80 percent increase over the year earlier.

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Qualcomm Q1 Net Up 36 Percent on Strong Smartphone Demand

January 30, 2013  |  All Things Digital  |  No Comments

Qualcomm Inc.’s fiscal first-quarter profit rose 36 percent as the chip maker continued to benefit from strong demand for smartphones. The company also raised its full-year guidance, now seeing per-share earnings of $4.25 to $4.45 on revenue of $23.4 billion to $24.4 billion. Qualcomm in November projected per-share earnings of $4.12 to $4.32 a share on revenue of $23 billion to $24 billion. Read the rest of this post on the original site »

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Not Good Enough: Facebook Beats Estimates, And Shares Are Down 5 Percent

January 30, 2013  |  All Things Digital  |  No Comments

First look at Facebook Q4 earnings : Revenue of $1.59 billion and earnings of 17 cents per share. The Street was expecting around $1.52 billion and 15 cents a share. Shares immediately headed down, so presumably investors wanted a bigger beat. Per usual, not a lot of detail in the press release (full text below), aside from user numbers and a few quick details. The only financial one of note: Mobile accounted for 23 percent of ad revenue, up from approximately 14 percent in Q3. Would have been nice to hear about Facebook Exchange, Sponsored Stories and other elements of the business, but we’ll assume that will come up in the call. Overall ad revenue of $1.33 billion was up 41 percent year-over-year; Facebook says that if you factor out currency effects, it would be up 43 percent. Facebook has 1.06 billion active users at the end of December, which means they generated $1.54 in revenue a piece in the last 3 months of 2012. A year ago that number was $1.38. Here’s a handy guide from Citi analyst Neil Doshi that should (maybe?) provide some insight into the way investors will react to the numbers (click to enlarge): Facebook Reports Fourth Quarter and Full Year 2012 Results MENLO PARK, Calif

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ABC orders Abbate comedy

January 30, 2013  |  Variety  |  No Comments

Levy, Adelstein, Clements to exec produce

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Mercedes Revs Up High-Octane Super Bowl Appearance

January 30, 2013  |  Media Week  |  No Comments

With a record eight automotive brands set to air spots in CBS’ broadcast of Super Bowl XLVII, the battle for hearts and minds will be more heated than ever. But one car company has a distinct advantage over its competition. According to data from ImageTrack, the advertising/sponsorship monitoring service from IEG Consulting and Kantar Media, Mercedes-Benz will win the day, thanks in large part to a naming rights deal that will keep the brand on the lips of CBS Sports broadcasters Jim Nantz and Phil Simms. Per ImageTrack estimates, New Orleans’ iconic sports venue, the Mercedes-Benz Superdome, will garner the automaker around 6 minutes and 19 seconds of exposure during the game broadcast. This assessment does not take into consideration pre- and post-game coverage. Based on the ImageTrack’s methodology for calculating the value of incidental exposure, the 379 seconds of on-screen shots and mentions from the booth works out to a value of roughly $4.6 million. Toss in a 60-second spot for the 2014 CLA Coupe and the total value of Mercedes’ media exposure works out to around $12.2 million. If the 90-second version of the CLA spot airs on Sunday—while the final duration has yet to be determined, the ad will air in the fourth quarter—the total media exposure will be worth a cool $16 million

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