作者J1 (andy)
看板Discovery
标题[新闻] Discovery at 20: Global Strategy
时间Tue Jun 21 10:11:13 2005
Discovery20岁了,这是washingtonpost今天的报导
Discovery at 20: Global Strategy
Little Room Left in U.S. to Grow
By Annys Shin
Washington Post Staff Writer
Monday, June 20, 2005; D01
There is nothing more universal, it turns out, than a father yelling at his
offspring.
Since its debut last year, millions of viewers worldwide have tuned in to
watch "American Chopper," Discovery Channel's reality show about the battles
between motorcycle builder Paul Teutul Sr. and his sons at a family-run
business in California.
The show is No. 2 in Poland. It recently debuted in Malaysia. Teutul's
sometimes vulgar vocabulary has been translated into Castillan, Portuguese
and Chinese.
As Discovery marks its 20th anniversary, the Silver Spring media company has
moved beyond the science-based premise of founder John S. Hendricks. It has
set aside the risky Internet and video-on-demand ventures that cost it tens
of millions of dollars during the dot-com craze.
Instead, it is trying to divine the tastes of 160 countries, hoping that
U.S.-produced shows like "MythBusters" might take off in Tazania, or "FBI
Files" might shoot to the top in South Korea.
Discovery is also trying to tap local sentiment with shows produced in Asia,
Britain and elsewhere. The formula has already produced a couple of regional
winners, such as "Virtual History," a British show that uses
computer-generated imagery -- Adolf Hitler's face superimposed on an actor's
body -- to re-create historic events. "Afterlife," a show popular in Asia,
looks at how people in different cultures deal with death.
If that seems to be an exotic strategy for a company that began with a focus
on documentaries about the natural world, there is a good reason. While its
16 U.S. channels still drive revenue at Discovery, they have been beset by
challenges, including a sense that they are now at a saturation point with
limited potential for growth. About 90 million U.S. households receive
Discovery channels with their cable subscriptions.
Ratings are down at TLC, an important piece of the Discovery operation. The
success of its popular "Trading Spaces" home-decorating show has been
undermined by numerous copycats, and the loss of audience has forced the
company to give advertisers several millions of dollars in make-good
advertising.
The company brought in new management recently and stepped up program
development. As many as 90 new shows are now in the works, with the first
batch to debut this fall.
Discovery Communications Inc. chief executive Judith A. McHale said in an
interview that consumer tastes are changing more rapidly than ever.
"We have to constantly reinvent ourselves," she said.
Discovery has room to add subscribers to its digital networks, such as FitTV
and DiscoveryHome. But by and large, Discovery's U.S. networks are a "mature"
business, said Andrew Baker, an analyst at Cathay Financial LLC.
So Discovery is setting its sights overseas -- and inside classrooms. The
company is planning to invest $100 million over the next several years
developing its international subscriber base, and will put an equal amount
into a nascent education business.
Both the education business and the international channels take advantage of
Discovery's library of programs.
The education division, for example, recently began marketing a service that
delivers video clips to U.S. classrooms for about $1,000 per school. The
clips are sorted so that they meet state education standards. They also come
with lesson plans and quizzes. Discovery plans to expand the video-streaming
service overseas and is testing a home service in the United States.
About 60 percent of the programs produced by Discovery's U.S. channels are
reused abroad, but the company plans to sink more money into producing
original shows for its international viewers.
"That's the key to our international strategy -- to customize programming for
each country," said David C. Leavy, a spokesman.
Discovery also is recycling its international shows for domestic audiences:
On Friday, Discovery launched two new U.S. channels that use material from
Discovery's Latin American and Spanish networks.
McHale said she would like to explore more programming for emigre audiences
all over the world, whether they're Japanese living in Brazil or Hindus
living in London.
The education business and the international networks have begun generating
returns for Discovery. Last year, the international division's revenue
increased 23 percent and revenue from the education division rose 37 percent.
Revenue from U.S. networks increased 19 percent.
Baker said investing in education and international networks are safe bets. A
hundred million dollars "is not a big investment for them," he said. "They
have the content already. It's probably a decent investment."
Others concur with Baker's assessment. After all, rerunning video clips of
grasshoppers or "The Crocodile Hunter" has none of the bold vision of, for
example, Your Choice TV, the video-on-demand service into which the company
invested tens of millions of dollars in the 1990s. Nor does it have the
cachet of the planned initial public offering of Discovery.com, formed in
2000 as an experiment in content delivery and online retailing.
But at this stage in the company's evolution, that's kind of the point,
McHale said.
Video on demand finally caught on with TiVo and other digital video
recorders. But Your Choice TV "was way ahead of its time, McHale said. "The
technology wasn't there. The consumer habits were not there." And the planned
IPO of the dot-com was canceled in late 2000. "In both cases we let
technology drive the business model and we and just about everybody else got
ahead of consumers. No one stopped to say, 'What does the consumer want?' "
Company managers learned from those failures, McHale said, and now pursue a
strategy she describes as "conservatively aggressive."
The other avenue for growth is acquisition. Discovery will be in a better
position to buy other media properties at the end of the month, when Liberty
Media spins off its 50 percent stake in Discovery into a publicly traded
company called Discovery Holding Company. Discovery's other owners are the
privately held Cox Communications Inc., Advance/Newhouse Communications Inc.
and founder Hendricks. If Cox and Newhouse contribute their shares to the
spinoff, Discovery will effectively become a publicly traded enterprise. But
neither company is expected to do so in the near future, for tax reasons.
There is little for Discovery to buy anyway. Liberty Chairman John C. Malone
said he would like to buy the National Geographic Channel, which is co-owned
by News Corp., and the National Geographic Society, among others, or E.W.
Scripps Co., which owns the Food Network and HGTV. Malone said he has talked
to News Corp. Chairman Rupert Murdoch about buying National Geographic, but
would need the society and the channel's international partners to sign off
on the deal. Scripps, he said, is not for sale.
Discovery has evolved into a company far larger and more complex than McHale
said she ever expected, with $2.4 billion in revenue last year and about
4,000 employees.
She attributed the company's success to several strategic decisions,
including an early move to own its content, which allowed Discovery to expand
internationally and into other media, and a later choice to stick to factual
programming and not be "distracted" by offering traditional entertainment.
The advantage of sticking to the stories of bugs or motorcycle makers, McHale
said, is that by doing so, Discovery "taps into a common human characteristic
to explore places and to say, 'I didn't know that.' "
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