4. Discovery Gets Crabby
Discovery (DISCA) set out to strike crab gold a second a time with a spinoff of its hit show The Deadliest Catch. Instead, the network has ended up tangled in a legal battle that threatens to send both the spinoff and one of its flagship series down a ratings abyss.
After six seasons of The Deadliest Catch, Discovery looked to break out captains Johnathan and Andy Hillstrand in their own show, appropriately titled Hillstranded. Sounds great on paper, but anyone who has seen the show, much less produced it, may have gleaned that Bearing Sea fisherman are reliable when it comes to pretty much one thing -- fishing. After that, not so much.
When the Hillstrand brothers allegedly didn't complete the spinoff, Discovery decided the best way to deal with quite possibly the toughest guys on the planet was to file a $3 million lawsuit against them. Even if Discovery was in the right, the company's legal team may have failed to comprehend the difference between these reality stars and, say, the cast of Jersey Shore.Captain Johnathan and Andy are no Snooki and JWoww. They do not require the presence of television cameras to confirm their own existence. Cameras or no, they'll be fishing next month, next year and likely five years from now. And the presence of cameras on deck and in the wheel house does nothing to get more crab on the boat and pay the crew. On Tuesday, Captain Sig Hansen, probably the most well-known of the captains, sided with the Hillstrands. In a joint statement, the three fishermen said they will be "unable" to continue with the show due to the litigation. Hansen added that he has not reached an agreement with Discovery regarding next season, but that he still plans to go fishing on Oct. 15, cameras or no. So, Discovery's lawyers may win the day in court, but Deadliest Catch won't likely be near the draw without the Hillstrand and Hansen clans on board, so to speak. Last season's episode chronicling the death of Captain Phil Harris drew 8.5 million viewers, the largest for Discovery since 2000 and third-largest in the network's history. Next season, those numbers may sink faster than a crab pot. Advertisers and investors should love that. TheStreet Says: We've got five words of advice for Discovery: Captain Mike "The Situation" Sorrentino. You can thank us later, Discovery.
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
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
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
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 + 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