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The key part of this article is when they say: "The scaling back should not affect the shows already in production.." From Zap2it Columbia Tri-Star Faces a Shut Down LOS ANGELES (Zap2it.com) - Sony's Columbia Tri-Star Television, which produces the shows "King of Queens," "Dawson's Creek" and "Family Law," could be facing the same fate as ATG, which closed its doors earlier this year due to the slowing economy. The studio may wind up scaling down its operations as Sony re-evaluates whether it wants to remain in the television production business, according to trade sources. Sony, which last week sold its stakes in the Spanish-language network Telemundo, has seen less profits from Columbia Tri-Star TV, thanks to the rising cost of production and talent deals and decreasing returns from syndication and international sales. In addition, the studio has increasingly been forced to cut co-production deals with the networks to get its shows on the air, leading to less back-end profits if the show is successful. Columbia Tri-Star TV has undergone a massive restructuring in the past 18 months and now has a relatively new team developing projects for the 2002-03 season. The scaling back should not affect the shows already in production, but may halt development on any new projects for primetime. |
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