Meg Whitman Hire Suggests Grand Ambitions For Katzenberg's NewTV

WndrCo, Jeffrey Katzenberg’s media incubator, clearly has big plans for NewTV.

If the working name wasn’t enough of a sign (there’s TV, and there’s New TV), the company made a major splash in the technology and media worlds this week when it announced that Meg Whitman would become NewTV’s CEO in March.

Whitman, who was most recently CEO of Hewlett Packard Enterprise, and who for a decade served as the CEO of eBay, is not someone you hire to run a niche media company. While Whitman has spent the last few decades in the technology sector, she previously served as an executive at Procter & Gamble and The Walt Disney Company.

What makes the move all the more interesting is that not much is known about NewTV. We know that Katzenberg has sought to raise around $2 billion to launch the venture, reportedly built around high-quality programming meant to rival content produced by Hollywood and traditional media companies.

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The catch, of course, is that this content will be mobile-first, shorter in length and geared toward younger audiences. The hope is for high-profile talent to be involved with the programming as well.

Still, where that content will live, who will produce it and whether it is supported by advertising, subscriptions or some combination thereof remains a mystery.

Technology will also play a role, with Katzenberg touting Whitman’s “leadership, operational expertise, and deep understanding of technology and consumer behavior” in announcing her hire.

The market has no shortage of short-form video content, and companies like YouTube, Verizon and AT&T are all pouring money into developing video franchises for millennials and other young consumers. Where NewTV fits in that ecosystem remains unclear. 

Still, Whitman isn’t showing any sign of concern, and she and Katzenberg clearly believe they have some tricks up their sleeves.

“NewTV is one of the most disruptive and timely ideas I’ve come across during my career,” she said in a statement about her hire. “I share Jeffrey’s vision that top-quality programming tailored to our mobile lifestyles is the next big touchpoint in entertainment.”

What that disruption will look like will have to wait for a later time.

2 comments about "Meg Whitman Hire Suggests Grand Ambitions For Katzenberg's NewTV".
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  1. Paula Lynn from Who Else Unlimited, January 29, 2018 at 11:42 a.m.

    There is a lot of money to be made for the top 10 people involved including lawyers whether it works or not.

  2. Ed Papazian from Media Dynamics Inc, January 29, 2018 at 1:26 p.m.

    I have a terrific idea for a new kind of TV---geared for Millennials----of course. We are going to blitz their inattentive  but brilliant minds with  lots of five-second digital videos and "linear TV" shows of the same length but no more than a single one-second ad per program. I'm looking for a former big name in digital to head up my operation so I can ask the Wall Street types to fund it to the extent of $10 billion. I've already got several agencies interested and I haven't even figured out what to call my brainchild, what my content will be or how to get it to those Millennials---who, I'm sure, are dying to tune in by the tens of millions. Stay tuned---we are going to revolutionize TV.

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