Big Money Losses for Disney and Nickelodeon
If you have paid attention to animation news this past week, you would have noticed that two of the biggest names in the game are not doing so well financially. Nickelodeon, the first kid-based cable network, is not doing so well in ratings. Pivotal Research Group found that Nick wasn’t earning its keep from Viacom. Nick can’t put the blame on alternate media platforms, because traditional TV watching is at an all time high. Turn around is expected to come sometime next year. Now Disney has decided to write down $50 million, halting production on an unamed Henry Selick stop-motion film. ABC summer advertising was low, which came on top of the John Carter box-office failure.