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MTV plans first live music series in nearly 20 years

By Lucas Shaw, Bloomberg
Published: April 23, 2016, 6:03am

MTV is trying to put the music back in music television.

The cable network that popularized the music video plans to air its first weekly live music series in almost 20 years, as well as a music competition series from “Survivor” producer Mark Burnett and a new version of the “MTV Unplugged” performance series. MTV executives announced the plans Thursday at a presentation for advertisers in New York.

“We are re-asserting our DNA,” Sean Atkins, president of the network, said in an interview. “MTV has to be the network that gives voice to youth and gives artists a voice to speak to youth. Music is our muse.”

This renewed focus on music is a key part of Viacom’s efforts to revitalize one of the most recognizable brands in modern pop culture, and lure a new generation of young viewers who have replaced “Total Request Live” with YouTube and Snapchat. With more competition and fewer fresh hits, MTV has hemorrhaged viewers in recent years.

Prime-time viewership is down about 4 percent this season, after a double-digit decline a year earlier, as young people turn to online video for more of their entertainment. The ratings decline, along with viewer losses at Comedy Central and Nickelodeon, has made Viacom vulnerable in negotiations with pay-TV providers like Dish Network Corp., which has pressured the media company to rein in prices or face the threat of a blackout. The two companies announced a new long-term deal Thursday.

It’s still up to Atkins to make sure viewers want their MTV so much that pay-TV providers can’t afford to go without it.

“They’ve been trying to turn MTV around for a decade, maybe more,” said Doug Creutz, an analyst with Cowen & Co. “It’s been losing relevance for a long time. Some of it is just demographic realities. It is catering to demographics that are doing something other than watching TV.”

MTV will announce 14 new series during the presentation, the most in network history, and almost all of them have ties to music and pop culture. For “Wonderland,” the weekly music show, MTV will stage concerts at a loft in downtown Los Angeles that can accommodate multiple bands and comedy acts, inviting in the same youth who used to flock to New York’s Times Square for “TRL” and to beaches for MTV’s spring break festivities.

“It will be a place you want to go, a physical place where you can be part of MTV,” Atkins said. “No one wants ‘TRL’ again, but they want to know how we recapture the spirit of an event people want to attend.”

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