FD News: Fox shuffles and struggles; The CW renews Dynasty
The CW takes on Dynasty in a bid to attract female audience
The network is hoping that the series, having premiered in October, will help boost its female audience following the departure of key shows such as The Vampire Diaries and Reign. It’s a good call, with the first four episodes of Dynasty having averaged around 0.91 million viewers per episode.
The seductive drama, focusing on the powerful Carrington family as they defend their throne against the Colbys, was created by Josh Schwartz, Stephanie Savage, and Sallie Patrick. Esther and Richard Shapiro, the creative duo behind the original series, serve as executive producers.
Good news, bad news for 21st Century Fox
21st Century Fox has reported an 11% increase in cable revenue for the three months that ended September 30. Good news, right? Not quite, as the company’s television and filmed entertainment segments both posted year-over-year profit declines.
The news is sure to swell the rumour mill, as industry insiders debate the future of Fox’s film and television studios, with Disney lining up to buy a sizeable stake in the company. Arguably, a wise move for Disney, who are on the verge of launching their own streaming platform.
The company is putting on a brave face, however, with the Murdoch brothers – Lachlan Murdoch and James Murdoch – emphasizing their commitment to long-term growth, stating that “historically” they have always been “asset builders” and “will continue to do so”.
Fox switches things up, promotes and rehires executives
Fox ditches and switches. Long-time network drama chief Terence Carter has been promoted to head of comedy and drama development at 20th Century Fox TV, while Charlie Andrews has returned to the company after a rather brief stint at Netflix to fill Carter’s former role.
“When Michael was tapped for the network presidency, there was only one executive I thought of who could possibly fill his shoes. Terence is a smart and strategic programmer who already has a shorthand with our creative teams” said Jonnie Davis, 20th’s president of creative affairs.
Carter takes on the position previously held by Michael Thorn, who was promoted to president of entertainment at Fox Broadcasting back in August.