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Stephen Colbert’s late-night showcase goes the best way of the pager and TiVo participant in Could. CBS axed the long-running present final 12 months amidst media experiences saying “The Late Present” misplaced roughly $40 million for the community yearly.
So CBS ran an public sale to dump some “Late Present” memorabilia, with all proceeds going to World Central Kitchen. Extra auctions are deliberate, at the very least up till the present’s last airing.
It’s an indication of the instances, a late-night establishment shuttering its doorways within the face of harsh financial truths. Alienate greater than half the nation with hard-Left propaganda, and it’s a lot more durable to maintain the lights on.
Simply ask Michelle Wolf, Samantha Bee and Hasan Minhaj.
“The Late Present’s” cancellation comes on the heels of “The Tonight Present” shrinking from 5 nights to 4. NBC’s “Late Night time with Seth Meyers” additionally deep-sixed its home band to avoid wasting a couple of shekels.
Now, “Jimmy Kimmel Reside!” is trying to tighten its late-night belt.
The ABC present simply introduced it’ll scale back the variety of dwell musical acts heard on this system.
Deadline has confirmed that JKL! will reduce the variety of musical performances every week to round two. We hear this isn’t a tough quantity and the present has not at all times had a musical slot on every episode, however the plan is to cut back it.
Why?
A charitable response can be Kimmel and co. crave much more time to share hard-Left speaking factors per episode. A extra pragmatic learn?
It’s a cost-cutting transfer.
The value to assemble an audio-friendly stage for a musical act, plus no matter charges are related to every band member, have to be lower than having yet one more actor or comic crash Kimmel’s sofa. Or, as is more and more the case, a Democratic politician reciting social gathering speaking factors.
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One of many greatest questions left unanswered from Kimmel’s week-long suspension final 12 months? Does “Jimmy Kimmel Reside!” make a revenue? If not, how a lot is it shedding per 12 months?
Late-Night time TV present income has cratered lately. So has the format’s scores. Sure, extra eyeballs are seeing late-night clips on YouTube and elsewhere, however that doesn’t drive sizable income like conventional advert gross sales.
Kimmel himself admitted that the late-night mannequin has fallen and it will probably’t stand up.
Late-night reveals was once “a technique to get high-priced expertise for nearly free,” Kimmel added. However with annual prices topping $100 million, he sees the mannequin as unsustainable [emphasis added]. “Someone will determine it out,” he stated, pointing to Sizzling Ones—a YouTube interview collection the place company reply questions whereas consuming spicy wings—as proof that related ideas can thrive at a fraction of the associated fee. “You would nonetheless have the identical format for lots much less—the host gained’t make as a lot, the viewers gained’t be as massive, however that’s okay,” he stated.
But he signed a temporary one-year extension with ABC late final 12 months. Hardly an indication of confidence, both for the format or Kimmel himself.
That “Jimmy Kimmel Reside!” public sale may elevate some cool money for a worthy charity, although. Or “Kimmel’s Cookin’” might be the following YouTube sensation.