At least 40 people have been let go from AXS TV following Mark Cuban’s sale of his majority stake in the cable network and the channel HDNet Movies to Steve Harvey and Anthem Sports & Entertainment on Monday, three individuals close to the situation say. The company’s Dallas staff is almost completely terminated, while the Denver and Los Angeles offices are also hit hard.
Mark Cuban has sold a majority stake in HDNet, parent of U.S. TV networks AXS TV and HDNet Movies, to Canadian-based Anthem Sports & Entertainment and entertainer Steve Harvey.
NEW YORK (AP) — This summer’s “Sharknado 3” will usher in the Cuban-Coulter administration. The SyFy network said Monday that Dallas Mavericks owner and “Shark Tank” star Mark Cuban will play the president of the United States in the third installment of the goofy “Sharknado” TV movie series, set to premiere in July. Conservative commentator […]
Mark Cuban, the billionaire owner of the Dallas Mavericks, said he’s buying shares of Netflix Inc. because the online-streaming service will probably be acquired.
Talk is cheap. Television networks are not. Mark Cuban, billionaire, is one of the rare few that can afford both. And he’s proven his affinity for each by recently speaking at NATPE, about many topics, among them his AXS TV network and his belief in the power of television in our society. So why should we pay so much attention to what the billionaire owner of the Dallas Mavericks has to say about TV? Well, he made his fortune in the dot-com boom, selling his Internet radio business to Yahoo. So perhaps this Internet radio guy might have learned some valuable lessons about long-term success and taking his business to the next level—by investing in broadcast television.
The AXS TV owner kicks off the NATPE conference. He says: “The reality is that when you are watching TV, it’s a unique experience that you cannot get online. Television has become the medium to start a social conversation. I believe social interaction around TV will get much bigger.”
The group’s 50th anniversary conference lineup includes speakers from Yahoo!, Google/YouTube, Nielsen, Studio Lambert, Maker Studios, Showtime, Fox, Sony, Univision among others.
Mark Cuban offered television networks some advice in their dispute with Dish over its divisive new “Auto Hop” feature: make a deal. Cuban said that Dish made a smart decision by introducing the commercial skipping feature because it is just trying to create a better experience for its users.
Mark Cuban, founder of Broadcast.com and current chairman of HDNet: “and others have been arguing about the future of TV. I thought I would add my argument about the future of video on the Internet.”
Ryan Seacrest, CAA and AEG are folding their hopes of a new network into a plan to relaunch and rebrand Mark Cuban’s HDNet as a new, pop-culture oriented network called AXS TV.
Mark Cuban predicts success of Netflix and others will be short-lived as pay TV providers expand offers.