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The Business

Do You Recognize This Man?; Sumner's Discontent

The Business

KCRW

Tv & Film

4.6676 Ratings

🗓️ 9 February 2009

⏱️ 29 minutes

🧾️ Download transcript

Summary

Getting famous isn't all its cracked up to be. Just ask Peter Jacobson, aka Dr. Chris Taub on the Fox hit, House. Plus, Sumner's discontent: who is the aging head of Viacom, and what does that mean for the future of his company?

Transcript

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0:00.0

From KCRW in Santa Monica, I'm Claude Brodesser Ackner, and this is The Business.

0:04.7

So you still want to do the show business, and you think that you got what it takes?

0:09.3

I mean, you really got a rap and be all at, but prepare yourself for the brakes. Check it out.

0:14.1

This week on the business, getting famous isn't all it's cracked up to be. Just ask Peter Jacobson,

0:18.8

also known as Dr. Chris Taub on Fox's hit medical drama, House.

0:22.6

Plus, what's going on inside the head of aging Viacom chief Sumner Redstone? And what does it mean for the future of his company?

0:29.2

But first, it's the Hollywood News Caravan. Stick around. It's the business from KCRW.

0:43.6

While Paul Blart,

0:46.8

mall cop, made $80 million at the box office,

0:50.7

it may have cost Tinsletown almost a quarter billion in tax breaks.

0:55.3

Record-breaking box office tallies in January have caused senators like John McCain to bag the idea of including Hollywood in the economic stimulus package. A proposed 50% write-off

1:01.0

provision would have applied to all films that went into actual production this year. Of course,

1:05.7

you have to remember, the 72-year-old McCain still refers to movies as the talkies.

1:11.2

He might be a little out of touch with the modern entertainment economy.

1:14.6

These days, box office receipts are only a small part of the business.

1:18.0

To wit, while Paul Blart has shored up Sony's studio numbers,

1:21.5

the Sony Corporation just reported a 25% drop in revenue

1:24.7

and a 95% drop in quarterly profit.

1:28.1

Ouch.

1:29.1

Washington may be turning its back on the movie industry, but it should keep an eye on the

1:33.2

concert business.

1:34.5

The New York Times reported last week that Ticketmaster, which has a death grip on ticketing,

...

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