Wednesday, February 24, 2021

Nickelodeon Establishes Avatar Studios, Brand-New Content Division Devoted to Expanding the Avatarverse

NICKELODEON ESTABLISHES AVATAR STUDIOS, BRAND-NEW CONTENT DIVISION DEVOTED TO EXPANDING THE WORLD OF AVATAR: LAST AIRBENDER
AND THE LEGEND OF KORRA

Original Series’ Creators Michael DiMartino and Bryan Konietzko Join Nickelodeon
as Co-Chief Creative Officers of Avatar Studios

First Project Under New Studio Banner is an Original Animated Theatrical Film
to Begin Production This Year


BURBANK, Calif.—Feb. 24, 2021—Nickelodeon today announced the launch of Avatar Studios, a newly formed division designed to create original content spanning animated series and movies based on the beloved world of Avatar: The Last Airbender and The Legend of Korra. Original creators and executive producers Michael DiMartino and Bryan Konietzko will helm the studio as co-chief creative officers, reporting to Ramsey Naito, President, Nickelodeon Animation. The Studio’s output will bow on platforms including Paramount+, ViacomCBS’ subscription video on-demand service; on Nickelodeon’s own linear and digital platforms; as well as on third-party platforms and in theaters.

The first project from Avatar Studios is slated as an animated theatrical film set to begin production this year. Additional details will be available soon.

Avatar: The Last Airbender and Korra have grown at least ten-fold in popularity since their original hit runs on Nickelodeon, and Ramsey Naito and I are incredibly excited to have Mike and Bryan’s genius talent on board to helm a studio devoted to expanding their characters and world into new content and formats for fans everywhere,” said Brian Robbins, President, ViacomCBS Kids & Family. “Creator-driven stories and characters have long been the hallmarks of Nickelodeon, and Avatar Studios is a way to give Mike and Bryan the resources and runway to open up their imaginations even more and dive deeper into the action and mythology of Avatar as we simultaneously expand upon that world and the world of content available on Paramount+ and Nickelodeon.”

“It’s hard to believe it’s been 19 years since we created Avatar: The Last Airbender. But even after all that time, there are still many stories and time periods in Aang’s world that we are eager to bring to life. We are fortunate to have an ever-growing community of passionate fans that enjoys exploring the Avatarverse as much as we do. And with this new Avatar Studios venture we have an unparalleled opportunity to develop our franchise and its storytelling on a vast scale, in myriad exciting ways and mediums. We are exceedingly grateful to Brian Robbins and Ramsey Naito for their enthusiasm and respect for the Avatar property and us as its stewards. From the start, they’ve supported our ambitious plans and created a positive, proactive environment for us. We’re excited to be back at Nickelodeon where Avatar began, doing what we do best in the biggest way possible. We can’t wait to build the great teams and productions to make all of this fantasy a reality,” said Bryan Konietzko and Michael DiMartino.

Nickelodeon’s Avatar: The Last Airbender aired for three seasons originally on Nickelodeon, where it began in February 2005 and concluded in July 2008. The series has received the Peabody Award, a Primetime Emmy, Annie Awards and Genesis Awards. The series follows the adventures of the main protagonist Aang and his friends, who must save the world by defeating Fire Lord Ozai and ending the destructive war with the Fire Nation.

Avatar: The Last Airbender emerged from its initial three seasons (61 episodes) as one of the most beloved animated properties in history. In addition to the series’ success, the property also has been translated into a successful comic book and graphic novel series, which continue to roll out new original stories. The “Avatar: The Last Airbender” graphic novel spent 70 cumulative weeks on the New York Times Graphic Novel Bestseller list, hitting number one. The DVD and Blu-rays are also incredibly successful, with the “Avatar: The Last Airbender: The Complete Series” generating nearly $5MM in retail sales since its 2018 release.

The Legend of Korra launched in April 2012 on Nickelodeon and ran for four seasons (52 episodes). Its first season premiered as basic cable's number one kid's show and drew 3.8 million viewers per episode, the highest for an animated series that year. Created and executive produced by DiMartino and Konietzko, the series is translated in more than 25 languages for Nickelodeon branded channels internationally.

The property has translated into a successful ongoing graphic novel series written by TV series co-creator DiMartino. The first graphic novel storyline, Legend of Korra: Turf Wars, has captured various Top 10 sales spots across children's fiction, YA science fiction, and graphic novel categories since its debut in 2017. The epic story of The Legend of Korra, set in the world of Avatar: The Last Airbender 70 years later, follows the journey of Avatar Korra, a 17-year-old girl striving to live up to the legacy of her predecessor Avatar Aang, while using her mastery of all four elements to confront political and spiritual unrest in a modernizing world.

About Bryan Konietzko


Bryan Konietzko graduated from the Rhode Island School of Design’s illustration department in 1998. He worked in TV animation as a character designer, storyboard artist, and art director before teaming up with Michael DiMartino to co-create and executive produce the Nickelodeon animated series Avatar: The Last Airbender and The Legend of Korra. He is the creator of the upcoming graphic novel series Threadworlds, to be published by First Second Books.

About Mike DiMartino


Michael Dante DiMartino began his training at the Rhode Island School of Design where he graduated in 1996 with a Bachelor of Fine Arts degree from the Film and Animation Department. His directing credits include the primetime animated series King of the Hill, Family Guy, and Mission Hill. DiMartino is a co-creator of the award-winning animated Nickelodeon series Avatar: The Last Airbender and its sequel, The Legend of Korra. From 2002 to 2014 he served as executive producer and story editor on both series. He continues Korra’s story as writer for the graphic novel, Turf Wars, published by Dark Horse comics. He is also the author of the fantasy novels Rebel Genius and Warrior Genius. DiMartino currently resides in Los Angeles with his wife and two children.

About Nickelodeon

Nickelodeon, now in its 41st year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The brand includes television programming and production in the United States and around the world, plus consumer products, digital, location-based experiences, publishing and feature films. For more information or artwork, visit http://www.nickpress.com. Nickelodeon and all related titles, characters and logos are trademarks of ViacomCBS Inc. (Nasdaq: VIACA, VIAC).

###

A source with knowledge of the project told Variety that the Netflix series is completely independent of the Avatar Studios deal and that the live-action series is still moving forward at the streaming platform. It is the second live action Avatar project based on the franchise to date, following 2010's The Last Airbender.

"Avatar – Nickelodeon’s new animation studio division dedicated entirely to creating content based on the wildly popular world of Avatar: The Last Airbender and The Legend of Korra. Led by the series’ original creators Mike DiMartino and Bryan Konietzko, in partnership with the Nickelodeon Animation Studio, Avatar Studios will produce for Paramount+ a wide-range of Avatar-inspired content, ranging from spinoffs and theatricals to short form," said ViacomCBS in a separate news release.


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ViacomCBS Reports Q4 and Full Year 2020 Earnings Results

ViacomCBS Reports Q4 and Full Year 2020 Earnings Results

Grew Global Streaming Subscribers to Nearly 30M and Pluto TV Global MAUs to 43M; Domestic Streaming Subscribers Rose to 19.2M, up 71% Year-Over-Year, and Pluto TV Domestic MAUs Increased to 30.1M

Accelerated Domestic Streaming & Digital Video Revenue Growth to 72% Year-Over-Year in Q4, Driven by Strong Streaming Subscription and Streaming Advertising Revenue

Increased Q4 Affiliate Revenue 13% Year-Over-Year and Advertising Revenue 4% Year-Over-Year, Driving a 3% Year-Over-Year Increase in Total Revenue

Delivered Year-Over-Year Improvements in Q4 Operating Income, Adjusted OIBDA, Operating Cash Flow From Continuing Operations and Free Cash Flow

Hosting Virtual Investor Event Today, Detailing Paramount+ – a Differentiated Streaming Offering Spanning Live Sports, Breaking News and a Mountain of Entertainment – Ahead of March 4 Launch

NEW YORK--February 24, 2021--ViacomCBS Inc. (NASDAQ: VIAC; VIACA) today reported financial results for the quarter ended December 31, 2020.


Statement from Bob Bakish, President & CEO

“We started 2020 with clear goals: unlock the power of our combination, build robust operating momentum and accelerate our streaming strategy – and we delivered. In Q4, despite the ongoing impacts of COVID-19, we finished the year with strong advertising and affiliate results that demonstrate the strength of our core businesses and achieved incredible growth across our linked streaming ecosystem, reaching nearly 30 million global subscribers and over 43 million Pluto TV global MAUs. At today’s streaming investor event, we look forward to showcasing our opportunity to expand our position and bring ViacomCBS content and brands to streaming audiences around the world.”

OVERVIEW OF Q4 REVENUE

REVENUE BY TYPE

- Affiliate revenue increased 13% year-over-year, driven by strong growth in streaming subscription revenue, higher reverse compensation and retransmission fees, as well as expanded distribution.

- Advertising revenue grew 4% year-over-year, reflecting higher streaming advertising and political advertising sales, which more than offset the adverse effects of COVID-19.

- Content licensing revenue decreased 3% year-over-year, reflecting a lower volume of licensing due to COVID-related production delays.

SPOTLIGHT ON STREAMING

In Q4, ViacomCBS delivered robust global streaming & digital video revenue and user growth across its premium, pay and free services.

Q4 GLOBAL HIGHLIGHTS*

- Global streaming & digital video revenue increased 71% year-over-year to $888M, driven by 74% growth in streaming subscription revenue and 69% streaming advertising revenue growth.
-- Domestic streaming & digital video revenue growth accelerated from 56% in Q3 to 72% in Q4, resulting in revenue of $845M.

- Global streaming subscribers rose to nearly 30M, up 56% year-over-year.
-- Domestic streaming subscribers reached 19.2M, up 71% year-over-year.
--- CBS All Access and SHOWTIME OTT delivered their best quarter ever in sign-ups.
---- CBS All Access’ momentum was driven by demand for sports content, including the NFL, UEFA and SEC, as well as original programming, including Star Trek: Discovery and The Stand, and content from ViacomCBS cable brands.
---- SHOWTIME OTT benefitted from strong demand for original programming, including the premieres of Shameless and the limited series Your Honor, as well as theatricals.

- Pluto TV grew its global monthly active users (MAUs) to 43M, up 80% year-over-year.
-- Pluto TV’s domestic MAUs increased to 30.1M, up 34% year-over-year, and more than doubled its advertising revenue in the quarter.
--- User engagement increased, with strong growth in total viewing minutes and average monthly watch time per user, including across connected TVs and mobile devices.
- Internationally, Pluto TV MAUs grew to 12.9M, including expanding in Spain and Brazil during the quarter.
- Pluto TV also closed new global distribution agreements with Samsung and Google.

* Beginning Q1 2021, streaming & digital video revenue will be presented as global streaming revenue, including global revenue from advertising on the company’s pay and free streaming services, subscription fees for its pay streaming services, and advertising and subscriptions for its other digital video products. Global subscribers include customers who access the company's domestic or international streaming services, either directly through its owned and operated apps and websites, or through third-party distributors. Streaming metrics are as of December 31, 2020.

REPORTING SEGMENTS

TV ENTERTAINMENT

- In Q4, CBS was the most-watched network in Daytime and Late Night and claimed the quarter’s top drama, news magazine and 4 of the top 5 comedies, as well as the top new comedy series.

- Q4 2020 revenue benefitted from strong affiliate revenue growth, which was offset by lower content licensing revenue.
-- Affiliate revenue increased 23% year-over-year, driven by growth in reverse compensation and retransmission fees, as well as robust streaming subscription revenue from CBS All Access.
-- Advertising revenue declined 1% year-over-year, reflecting the impacts from the delayed start of the fall broadcast season and the sale of CNET Media Group, which was offset by record growth in political advertising.
-- Content licensing revenue decreased 20% year-over-year due to a lower volume of licensing from COVID-related production delays.
- Adjusted OIBDA decreased 12% year-over-year mainly because of increased expenses to support the growth and expansion of CBS All Access.

CABLE NETWORKS

- In Q4, ViacomCBS owned the most top 30 cable networks among viewers 18-49 and 9 of the top 10 original series with kids 2-11; Showtime also had 2 of the top 4 scripted shows on premium cable in the quarter.

- Q4 2020 revenue increased 11% year-over-year, driven by growth in content licensing, affiliate and advertising revenue.
-- Affiliate revenue increased 8% year-over-year, fueled by growth in streaming subscription revenue, including from SHOWTIME OTT, as well as expanded distribution and contractual rate increases, partially offset by linear subscriber declines.
-- Advertising revenue rose 8% year-over-year, reflecting growth in streaming advertising revenue from Pluto TV as well as higher pricing, which more than offset lower linear impressions.
-- Content licensing revenue increased 48% year-over-year, driven by growth from the licensing of library programming.

- Adjusted OIBDA grew 1% year-over-year as a result of the increase in revenue and savings from restructuring activities, which was mostly offset by increased expenses for programming, participations, advertising and promotions, including to support the growth of the company’s streaming services.

FILMED ENTERTAINMENT

- Q4 2020 revenue decreased 3% year-over-year, reflecting the decline in theatrical revenue, partially offset by growth in licensing and home entertainment revenue.
-- Theatrical revenue was immaterial in the quarter as a result of the closure or reduction in capacity of movie theaters in response to COVID-19.
-- Home entertainment revenue increased 14% year-over-year, driven by higher sales of catalog and Miramax titles.
-- Licensing revenue grew 39% year-over-year due to higher licensing of catalog titles.

- Adjusted OIBDA was $18M compared to a loss of $119M in the prior year quarter as lower revenue was more than offset by lower distribution costs from fewer theatrical releases.

BALANCE SHEET & LIQUIDITY

- For the full year, ViacomCBS generated $2.2B of operating cash flow from continuing operations and $1.9B of free cash flow†, benefiting from the timing of production spending and cost savings.
-- In Q4, as expected, the ramp up in production spend led to negative operating cash flow from continuing operations of $339 million and negative free cash flow† of $453 million.

- As of December 31, 2020, the company had $3B of cash on its balance sheet and a committed $3.5B revolving credit facility that remains undrawn.

You can read Viacom's press release featuring the company's 4th Quarter and Full Year 2020 results report in full, including tables of ViacomCBS' statements and balance sheets, here on BusinessWire.com.

ABOUT VIACOMCBS

ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the US television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.

For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This communication contains both historical and forward-looking statements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “may,” “could,” “estimate” or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: changes in consumer behavior, as well as evolving technologies, distribution platforms and packaging; the impact on our advertising revenues of changes in consumers’ content viewership, deficiencies in audience measurement and advertising market conditions; our ability to maintain attractive brands and our reputation, and to offer popular programming and other content; increased costs for programming, films and other rights; competition for content, audiences, advertising and distribution; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and programming; the risks and costs associated with the integration of the CBS Corporation and Viacom Inc. businesses and investments in new businesses, products, services and technologies, including our streaming initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; the impact of COVID-19 (and other widespread health emergencies or pandemics) and measures taken in response thereto; domestic and global political, economic and/or regulatory factors affecting our businesses generally; liabilities related to discontinued operations and former businesses; the loss of key talent and strikes and other union activity; potential conflicts of interest arising from our ownership structure with a controlling stockholder; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.


H/T: Reuters.

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Classic Rugrats Comic Strip for February 24, 2021 | Nickelodeon

Classic Rugrats Comic Strip for February 24, 2021 | Nickelodeon
Rugrats, provided to Creators Syndicate by Nickelodeon, based off the popular animated television series has been created for children and family's to laugh and enjoy together.

Follow these comics and their take on real episodes of the show and their own spin on hilarious adventures.

Read more Rugrats comic strips!: https://www.creators.com/features/rugrats

More Nick: Nickelodeon Unveils First Look at CG-Animated 'Rugrats' and 'Big Nate'!
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"My Best" Song w/ Bubble Guppies & Nella the Princess Knight - Rhymes Through Times Ep. 2 | Noggin

"My Best" Song w/ Bubble Guppies & Nella the Princess Knight - Rhymes Through Times Ep. 2 | Noggin


Join Nella the Princess Knight, Bubble Guppies, Blaze & more as they put together a musical history lesson for preschoolers. The cast tell the stories of Katherine Johnson and Guion Stewart Bluford Jr. applying their minds and using their talents to change the world, featuring original music from Hamilton's Christopher Jackson! This is episode two of a three-part Black History musical series! Watch more episodes here: http://nickalive.blogspot.com/search/label/Rhymes%20Through%20Times

Brought to you by Noggin & Nick Jr. Find more learning videos in Noggin!

Created by: Lasette Canady
Music & Lyrics by: Christopher Jackson
Character Development, Animation & Design by: Lion Forge Animation, LLC.

Rhymes Through Times helps kids build social and emotional skills through a lens of fairness and equal opportunity. The series emphasizes several critical developmental skills and perspectives including the following: taking pride in one’s own identity while understanding the thoughts, feelings, and perspectives of others; appreciating and celebrating differences; recognizing how we all fit into the larger world; practicing concepts of fairness, inclusivity, and kindness; being helpful to others; and, encouraging children to stand up for justice to be positive changemakers.


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February 2021 on NickToons Global: The Casagrandes 2 | Deer Squad | Valentine's Marathon

Below is a round-up of Nicktoons Global's programming highlights for February 2021!


More Highlights:

January 2021 on: Nickelodeon International | TeenNick Europe | Nicktoons GlobalNick Jr. Global


About NickToons Global and this guide: NickToons Global is available in Central Eastern Europe, Germany, the Netherlands, Poland, Russia and more. Based on NickToons Central and Eastern Europe (CEE) schedule. All times CET, please check local listings for localised air times. Unless otherwise noted, localised episode titles are Hungarian (Magyar).

--- This February, Nick Toons Global will be airing:

-- The Casagrandes season two!:

- 2021-02-15 19:45 2x01 The Kid Plays in the Picture / Achy Breaky Art
- 2021-02-16 19:45 2x03 Guilt Trip / Short cut
- 2021-02-17 19:45 2x04 No Egrets / Meal Ticket
- 2021-02-18 19:45 2x05a Fool's Gold
- 2021-02-19 19:45 2x05b Flight Plan

"The Casagrandes" is locally titled "A Casagrande család" in Hungary, "Casagrande" in Romania and "Casagrandes" in Croatia.

-- The brand new show Deer Squad! [more info]:

- 2021-02-01 07:05 1x01 Jó éjt, Nagyerdő! / Lufzilla (Goodnight Central Forest / Steelzilla) - series premiere
- 2021-02-02 07:05 1x02 Méhmentés / Kacsa kalamajka (Save The Bees / Duck Dilemma)
- 2021-02-03 07:05 1x03 Ponty a pácban / A buborék fiaskó (Catfish Capers / Bubble Debacle)
- 2021-02-04 07:05 1x04 A Kai expressz / A forgóháp (Kai Express / Ducknado)
- 2021-02-05 07:05 1x05 Az óriásfánk / Jégrém (Donut Panic / I Scream)
- 2021-02-08 07:05 1x06 A műanyag ragacs / A furcsa páros (Deep Blue Boo Boo / Stuck Together)
- 2021-02-09 07:05 1x07 Meteorveszély / Ballépés a táncversenyen (Meteor Mayhem / Dance Of Destruction)
- 2021-02-10 07:05 1x08 A hőhullám / A villámlábú Müty úr (Fan Club / Speeding Steel)
- 2021-02-11 07:05 1x09 A Csereberélő / A tojáskeresés (Switcheroo / Protect The Egg)
- 2021-02-12 07:05 1x10 Müty úr az űrben / Ez ám a varázslat! (Steel In Space / That's Magic)

* Postponed from December 2020.

"Deer Squad" is locally titled "Szarvas osztag" in Hungary.

-- A special marathon!:

- 2021-02-13/14 12:00-15:00 Valentine's Day / Friendship Day Marathon (A barátság napja)

Szarvas osztag: új sorozat (2021. február, 1. ajánló) | Nicktoons











The Best of Squidward Marathon Promo - March 6+7, 2021 (NickToons Global)


More Nick: ViacomCBS to Launch TeenNick Channel in Hungary!

Februári; új évad; új sorozat.

Originally published: Saturday, January 02, 2021.

Original source: Mentrum.

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