Eisner is Betting on New Media

I’ve been watching the business pages for entertainment news more often since I started my Media Industry Perspectives on Digital Media class this September.  While my prof. found the NYT write-up today on Twitter most interesting, I was drawn to a different story, given my background in web video.

Seems that Michael Eisner, formerly of Disney, has been wading into the new media pool.  Now he seems ready to try a different approach and spring from the diving board.  As Brian Stelter reported in todays New York Times, Eisner’s new media company will be spinning off into an independent entity with major backing from Rogers Communications of Canada.

Eisner is being very forthcoming with his goals.  The studio, which currently produces less than a dozen series, is aiming to produce 30 in the next few years.  Some of that content will be exclusive to Rogers customers, as part of the agreement.  Eisner also claims that the company is profitable, although no public records were cited to prove this claim.

Since we’re all trying to figure out how to make money in the new media landscape, the future of Vuguru, as it is called, is of great interest to me, and I’d bet several others as well.  Eisner brings a big name and big money to the new media game, and the ultimate fate of Vuguru will see if it takes money to make money right now in this medium.  Eisner’s statements indicate that he thinks advertisers will embrace new media, and that Vuguru’s ultimate success depends on their willingness to do so.  I and the rest of the new media upstarts are interested to see if Eisner is right in his hope, or wither Vuguru will fall to the same trap that so many other production companies face when considering new media.

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