GE's Intergalactic Yard Sale
General Electric's (GE) brass can stop sweating. The geeks are coming to save the day.
The company's NBC Universal division, which is undergoing a huge cost-cutting drive, has completed plans to auction props, costumes and set pieces from its Sci Fi Channel cult favorite Battlestar Galactica.
The entertainment goliath booked a weekend at the Pasadena Convention Center for the event, just in time to kick off the show's second half of its final season on Jan. 16, according to the Hollywood Reporter. A portion of the auction's proceeds will benefit United Way.The auction is shaping up to be one of the largest events ever planned around the conclusion of a TV series, with faithful fans jetting in from around the world for the bidding. BSG collectibles up for sale include spaceship props, the desk used by Admiral Adama (Edward James Olmos), and up to a dozen costumes from each major character, including a red dress worn by Caprica-Six (Tricia Helfer). "We are also really excited to be able to offer both fans and collectors this incredible opportunity to own a piece of science fiction television history as the series concludes," says NBC Universal Television executive Stacey Ward. How nice. Just a little something for the fans. It's not like the studio is desperate for cash after NBC Universal CEO Jeff Zucker announced plans last month to cut spending by $500 million next year. That wouldn't have anything to do with it, right? Of course, Zucker is just channeling pressure from his boss, GE CEO Jeffrey Immelt, who is under increasing pressure to ditch the TV and movie studio after a 22% drop in third-quarter earnings last month. Sadly, unloading useless items from hit shows is becoming a regular source of revenue for the studio. Maybe they should skip the middleman and produce a new auction reality show. They can call it "Immelt's Yard Sale." Dumb-o-meter score: 95 -- Is Battlestar Galactica the one with Luke Skywalker? Somebody call a nerd!
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV