What Happened
CBS has announced that it expects to turn a $15 million profit on late-night programming, thanks to a time buy deal with Byron Allen. This comes after the network canceled Stephen Colbert's Late Show, citing that the time slot had become "cost prohibitive." Allen's new show, Comics Unleashed, debuted to 1.1 million viewers, a significant decline from the Late Show's average of 2.7 million in its final season.
In other news, Morris Day, Young MC, and The Commodores have announced that they will not perform at the Freedom 250 State Fair Concert Series, which is backed by former President Donald Trump. The event is scheduled to take place on the National Mall from June 25 to July 10.
Why It Matters
The decision by CBS to partner with Byron Allen on a new business and programming model for late night marks a significant shift in the network's strategy. The time buy model allows Allen's company to produce and distribute content, while CBS airs the programming. This move is expected to generate a $55 million swing in profit for the network.
The boycott of the Freedom 250 concert series by Morris Day and other artists is also noteworthy, as it highlights the ongoing controversy surrounding Trump's presidency. The event has been criticized for its association with the former president, and the boycott is seen as a statement against his policies and values.
What Experts Say
"It's a coming of age story," said Rand Getlin, director-executive producer of the HBO documentary "U.S. Against the World: Four Years With the Men's National Soccer Team," in an interview on the "Daily Variety" podcast. Getlin's documentary follows the US men's soccer team as they prepare for the World Cup, and explores the rising popularity of soccer in America.
Key Numbers
- $15 million: CBS's expected profit from late-night programming after Byron Allen's time buy
- 1.1 million: Viewership for the debut episode of Comics Unleashed
- 2.7 million: Average viewership for the Late Show in its final season
- $55 million: Expected swing in profit for CBS after partnering with Byron Allen
Key Facts
- Who: Byron Allen, Morris Day, Young MC, The Commodores
- What: Time buy deal, concert series boycott
- When: June 25-July 10 (Freedom 250 concert series)
- Where: National Mall, CBS studios
- Impact: Shift in CBS's late-night strategy, boycott of Trump-backed event
Background
The entertainment industry has seen significant changes in recent years, with the rise of streaming services and the decline of traditional television. The decision by CBS to partner with Byron Allen on a new business and programming model for late night is seen as a response to these changes. The boycott of the Freedom 250 concert series is also a reflection of the ongoing controversy surrounding Trump's presidency.
What Comes Next
As the entertainment industry continues to evolve, it will be interesting to see how CBS's new late-night strategy plays out. The success of Byron Allen's Comics Unleashed will be closely watched, and the impact of the boycott on the Freedom 250 concert series will be monitored. Additionally, the release of new films and documentaries, such as Curry Barker's "Anything But Ghosts," will be eagerly anticipated by fans and critics alike.
What Happened
CBS has announced that it expects to turn a $15 million profit on late-night programming, thanks to a time buy deal with Byron Allen. This comes after the network canceled Stephen Colbert's Late Show, citing that the time slot had become "cost prohibitive." Allen's new show, Comics Unleashed, debuted to 1.1 million viewers, a significant decline from the Late Show's average of 2.7 million in its final season.
In other news, Morris Day, Young MC, and The Commodores have announced that they will not perform at the Freedom 250 State Fair Concert Series, which is backed by former President Donald Trump. The event is scheduled to take place on the National Mall from June 25 to July 10.
Why It Matters
The decision by CBS to partner with Byron Allen on a new business and programming model for late night marks a significant shift in the network's strategy. The time buy model allows Allen's company to produce and distribute content, while CBS airs the programming. This move is expected to generate a $55 million swing in profit for the network.
The boycott of the Freedom 250 concert series by Morris Day and other artists is also noteworthy, as it highlights the ongoing controversy surrounding Trump's presidency. The event has been criticized for its association with the former president, and the boycott is seen as a statement against his policies and values.
What Experts Say
"It's a coming of age story," said Rand Getlin, director-executive producer of the HBO documentary "U.S. Against the World: Four Years With the Men's National Soccer Team," in an interview on the "Daily Variety" podcast. Getlin's documentary follows the US men's soccer team as they prepare for the World Cup, and explores the rising popularity of soccer in America.
Key Numbers
- $15 million: CBS's expected profit from late-night programming after Byron Allen's time buy
- 1.1 million: Viewership for the debut episode of Comics Unleashed
- 2.7 million: Average viewership for the Late Show in its final season
- $55 million: Expected swing in profit for CBS after partnering with Byron Allen
Key Facts
- Who: Byron Allen, Morris Day, Young MC, The Commodores
- What: Time buy deal, concert series boycott
- When: June 25-July 10 (Freedom 250 concert series)
- Where: National Mall, CBS studios
- Impact: Shift in CBS's late-night strategy, boycott of Trump-backed event
Background
The entertainment industry has seen significant changes in recent years, with the rise of streaming services and the decline of traditional television. The decision by CBS to partner with Byron Allen on a new business and programming model for late night is seen as a response to these changes. The boycott of the Freedom 250 concert series is also a reflection of the ongoing controversy surrounding Trump's presidency.
What Comes Next
As the entertainment industry continues to evolve, it will be interesting to see how CBS's new late-night strategy plays out. The success of Byron Allen's Comics Unleashed will be closely watched, and the impact of the boycott on the Freedom 250 concert series will be monitored. Additionally, the release of new films and documentaries, such as Curry Barker's "Anything But Ghosts," will be eagerly anticipated by fans and critics alike.