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Media News: IBM CEO Rometty Tops Fortune List

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Also, people are spending on home entertainment again.

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This column highlights the most interesting and useful business and financial commentary on media every week.

All Things D
Link: Fortune's Most Powerful Women: IBM's Rometty Tops List
"Fortune magazine put out its '50 Most Powerful Women's in Business' list today, which was topped by IBM (NYSE:IBM) CEO Ginni Rometty. The nod to the leader of the longtime tech giant was followed by Hewlett-Packard (NYSE:HPQ) CEO Meg Whitman at the No. 3 slot, Facebook (NASDAQ:FB) COO Sheryl Sandberg at No. 8, and Oracle (NASDAQ:ORCL) President and CFO Safra Catz at No. 10.

"But it was - shockeroo - media magnate Marissa Mayer who claimed a very elegant solo photo on the cover, as well as the No. 14 slot. She is also the youngest woman on the list at 37 years old."

New York Times Bits
Link: RIM Innovates and Then Waits as Apple Moves Ahead
"Among the features of the new Apple (NASDAQ:AAPL) iPhone 5 are a more movie-friendly display format, two tiny grills on the bottom that shield noise-canceling microphones, a more powerful processor and a slim, all-black case.

"All of those features made another debut last May when Research in Motion (NASDAQ:RIMM) gave software developers prototypes of the BlackBerry 10 handsets, the model that may well decide that ailing brand's fate.

"The trouble for RIM, of course, is that the iPhone 5 will be in stores Sept. 21 while the much delayed BlackBerry 10 still doesn't have an official arrival date. RIM promised it for early next year.

PaidContent
Link: Apple And Publishers Subpoena Amazon in eBook Pricing Case
"Apple (NASDAQ:AAPL) wants the Department of Justice to turn over the interviews it conducted with Amazon (NASDAQ:AMZN) employees as part of the ebook pricing lawsuit. In an August filing, Apple wrote, 'Amazon was the driving force behind the Government's investigation, and it told a story to the Government that has yet to be scrutinized. Amazon talked with the government repeatedly throughout the investigation, even hosting a two-day meeting at its Seattle headquarters.'

"Apple's fight to obtain the interviews came to light as result of court records that show Amazon attempting to quash the subpoena in Seattle federal court. We don't know what kind of information Apple is seeking, but some of it would likely relate to Amazon's ebook pricing practices. Apple attorneys are now trying to transfer Amazon's motion to the Southern District of New York so that Judge Denise Cote, who is overseeing the case, can rule on it.

"Judge Cote has agreed to 'promptly address the discovery dispute' if the motion is transferred."

Hollywood Reporter
Link: Consumer Spending on Home Entertainment Rising for the First Time in Years
"For the first time in years, consumer spending on home entertainment actually rose in the first quarter of 2012, rising 2.5% to $4.45 billion largely due to the strength of streaming, according to numbers compiled by the Digital Entertainment Group.

"The real good news for the studios, however, is that packaged media sales remained steady in the first quarter of 2012, with disc sales down less than 1% from the first quarter of 2011 – a sharp contrast to previous years, when first-quarter sales typically edged down in the double digits.

"According to DEG, consumers spent $2.06 billion on Blu-ray Discs and DVDs in the first three months of 2012, down just slightly from the estimated $2.07 they spent in the comparable period last year. Continued declines in DVD purchases were offset by a 23% rise in Blu-ray Disc sales, the DEG says."

New York Times Media Decoder
Link: NBC's 'Revolution' Is Fast Out of the Gate, but Will Its Audience Stay?
"Riding the lead-in from 'The Voice,' the new NBC drama 'Revolution' posted strong ratings for its debut on Monday night, scoring the best numbers for a drama premiere in three years.

"At the same time, the Fox (NASDAQ:NWSA) network got much more dismal results for its own drama premiere Monday night, of 'The Mob Doctor.'

"Still, NBC got what might be even better news for the first edition of 'Revolution,' a science-fiction drama about a world where the power has gone out. The new series averaged a 4.1 rating in that 18-49 category, the best for any drama premiere since 'V' on ABC in 2009. As a cautionary note, sci-fi shows like 'V' and 'The Event' on NBC, as well as another ABC show, 'Flash Forward,' often burst out fast but then do not last."
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