After the coffee. Before seeing how “Sharknado 2" did.
The Skinny: I caught Episode 3 of FX’s “The Strain” last night and think I’m hooked now. Give it a shot. Today’s headlines include Time Warner Cable’s second-quarter results, Lions Gate CEO Jon Feltheimer’s big payday and a look at the indie film market.
Daily Dose: Former Turner Broadcasting Chairman Phil Kent is going back to school. Kent was named a resident fellow at Harvard’s Institute of Politics at the John F. Kennedy School of Government. As a resident fellow, Kent will work with students and lead study groups. He also will be “afforded many opportunities to participate in the intellectual life of the Harvard community,” the school said. Besides running Turner, Kent is also a former head of CNN.
If we have lunch, you’re buying. Lions Gate Entertainment Corp. Chief Executive Jon Feltheimer had a compensation package worth $63.6 million for the company’s fiscal year, which ended in March. Feltheimer’s compensation was second only to CBS Chief Executive Leslie Moonves (one of his closest friends) among entertainment executives. Most of the value of Feltheimer’s compensation package was from stock-option awards he received when he signed a new contract last year. Lions Gate also had a successful year thanks to “The Hunger Games: Catching Fire.” More on Feltheimer’s big payday from the Los Angeles Times and Wall Street Journal.
Struck out. Time Warner Cable reported second-quarter earnings of $499 million but didn’t beat analyst estimates. Also, the company’s new channel, SportsNet LA, which is home to the Dodgers, took a bite out of profits. Details on the numbers from Bloomberg. Time Warner Cable also lowered its revenue projections for 2014 because of the problems it is having distributing SportsNet LA.
Indies to the rescue. While the big-tent movies of 2014 have for the most part failed to deliver as promised, indie films are doing well this year. Movies such as “Chef” and “The Grand Budapest Hotel” have delivered strong results. USA Today takes a look at the indie-movie box office for 2014.
Hello mate. AMC Networks, the cable programming company that operates AMC, IFC, WE and other channels, is in negotiations to buy a large stake of BBC America, according to Bloomberg. Under the terms being discussed, AMC would take over certain business operations for BBC America including advertising and distribution and receive a stake of just under 50% in the U.S. unit of the BBC if the deal goes through.
Will he get the tattoo? Normally we steer clear of movie casting news in the Morning Fix, but hey, this is my last week doing this column and it is a slow day. Variety says Jamie Foxx will play Mike Tyson in a biopic about the notorious former heavyweight champ.
Inside the Los Angeles Times: Cinéma-vérité filmmaker Robert Drew died at the age of 90. He was best known for the documentary “Primary” about John F. Kennedy’s presidential run.
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