Additionally, Diller did not win a great number of fans in the financial world with his acquisition of Home Shopping Network in 1996. in the $4 billion deal that handed over control of the TV operations of Seagram's Universal Studios to Diller. In a November 1997 article Fortune magazine reported that CEO Barry Diller "snookered" Seagram CEO Edgar Bronfman Jr. The broadcasting division had yet to make a showing. The revenue breakdown is as follows: networks and television production, $324 million electronic retailing, $249 million ticketing operations, $93 million and other, $3 million. In its first three months of operation USA Networks, Inc. Seagrams still owns 45 percent of USA Networks, Inc. The parent company also owns controlling interest in Ticketmaster, the telephone and online ticket service, and reached an agreement to take over the remainder in a 1998 deal valued at $380 million. The USA Broadcasting Group runs 16 high-power TV stations, including three satellite stations. Selections include Xena: Warrior Princess and Hercules: The Legendary Journeys. The USA Networks Studio division produces and distributes television programs and made-for-TV movies. The Sci-Fi Channel, one of the fastest growing cable networks, features horror, fantasy, science fiction, and science/fact oriented programs, and reaches 48 million homes worldwide. Original programs include: Baywatch, La Femme Nikita, Silk Stalkings, and Pacific Blue. homes and reaching 73 million homes worldwide. USA Network lays claim as the most watched cable network in the country, available in 75 percent of all U.S. The Home Shopping Network sells consumer goods by displaying the items on television, flashing a toll-free number on the TV screen, then inviting the audience to dial up and order.īoth the USA Network and the Sci-Fi Channel fall under the USA Networks division of the company. runs five distinct divisions, but it is best known for its Home Shopping Network, the billion-dollar television channel that pioneered TV shopping. Petersburg-based company was formed when HSN acquired the television interests of the Seagram beverage company. Following a complicated cash and stock swap, the St. USA Networks, Inc., a diversified media and electronic commerce company, bills itself as one of the leading cable programming companies in the United States. Founded: 1982 (as home shopping club) Contact Information:
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