Word: hbo
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...them off. One villain is rising real estate values, which make all that asphalt-covered acreage too expensive to use only at night; a shopping center or housing development can be more profitable. Another culprit is cable TV, particularly the first-run films shown on such pay systems as HBO and Showtime. One of the major appeals of the drive-in was that the whole family, from Grandpa to Baby Sis, could pile into a car, taking with them food, pillows and blankets, and see a double feature surrounded by most of the comforts of home. Now they...
...goes on his first concert tour-35 gigs in 17 cities-a new country waiting to be conquered. His five concerts at the Westbury Music Fair in Long Island, N.Y., which are nearly sold out, will be recorded for another album, and his Washington, D.C., appearances taped for an HBO special and a Paramount video cassette. These last two spin-offs should earn him $1 million...
Time Inc. has made several major investments in communications during the past few years. In addition to its magazines, books and HBO, Time Inc. owns American Television & Communications Corp., one of the largest U.S. cable-TV companies. HBO last year joined with CBS and Columbia Pictures to form a new movie studio, Tri-Star Pictures. Last month the company launched its eighth magazine, TV-CABLE WEEK, which will provide system-specific listings for both cable and broadcast TV. Time Inc. is also experimenting with a teletext service for cable television. Time's teletext will be the official information service...
According to Taylor's postmortem, TEC was caught in the crossfire between HBO, owned by Time Inc., with its 11 million subscribers, and Viacom International Inc.'s Showtime, with 4 million. Taylor predicted a rebirth for TEC in another form, however. He is planning to launch a scaled-down, advertiser-supported channel under the same name late this spring. It will seek a broader audience with fare including Hollywood classics and short-lived TV series from seasons past. RCA and RCI have not decided whether to back the new venture. It would be a gamble...
...satellite orbiting 22,300 miles above the earth, paving the way for national cable networks; and Sony introduced the U.S. consumer to the first successful home videocassette recorder, the Betamax, thus freeing the viewer from indentured servitude to network scheduling whims. By 1977 the portents were becoming clear: HBO broke into the black, and the networks suffered the first erosions in their share of the total audience...