ChasNote

From NY Times:

“Jeff Zucker, the chief executive of NBC Universal, said Tuesday the broadcaster was moving to save as much as $50 million a year by reducing its reliance on expensive pilots of new series on the NBC television channel.”

More evidence (like anyone needs it!) that the packaged-goods approach to media — where large media companies own and control distribution of content — is breaking down. As audiences move to the internet, the economic models behind television networks are becoming less lucrative. Fifty million dollars a year to throw programming-spaghetti at the wall to see what sticks just doesn’t pay out anymore.