Showbiz Sandbox 208: Why Studios Are Reshuffling Their Executive Ranks

Movie moguls have always faced unreliable job security, though never more so than over the last two years. Beginning in early 2012 five of the six major Hollywood movie studios have fired their top executives and reshuffled existing management. We discuss what’s causing the studio shakeup and it it will affect the movies we see in years to come.

Soon enough unemployed studio big shots may be able to find work in South Korea’s film industry. With a wave of fresh homegrown talent and exciting new stories finding their way into theaters, the country’s box office has skyrocketed making it one of the world’s strongest movie markets.

When it comes to box office on Broadway, it’s become a tradition for productions to boast when they’ve broken even. This also means we can do some quick math to conclude how much it costs to keep a show up and running on a weekly basis, a figure that many productions don’t always like to share.

Of course, we also cover the week’s top entertainment news stories including David Letterman’s new late night contract, New York City Opera files for bankruptcy and a jury decides a concert promoter is not liable for the death of Michael Jackson.

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Banksy Announces a Monthlong Show on the Streets of New York
http://artsbeat.blogs.nytimes.com/2013/10/01/banksy-announces-a-monthlong-show-on-the-streets-of-new-york/

‘Don Jon’ Shrinkage: Relativity Suffers Box Office Cold Streak
http://www.hollywoodreporter.com/news/joseph-gordon-levitts-don-jon-640038

Peter Jackson’s ‘Hobbit’ Trilogy Has Cost $561 Million So Far
http://www.hollywoodreporter.com/news/peter-jacksons-hobbit-trilogy-has-643506

‘Like Father, Like Son’ Opens at No. 1 in Japan
http://www.hollywoodreporter.com/news/like-father-like-son-opens-639310

DreamWorks to Remake Japanese Cannes Jury Prize Winner ‘Like Father, Like Son’
http://www.hollywoodreporter.com/news/dreamworks-remake-japanese-cannes-jury-638910

Korean Films Top 100 Million Mark
http://variety.com/2013/film/news/korean-films-top-100-million-mark-1200699251/

Korea Is on the Cusp of a New Golden Era
http://variety.com/2013/biz/news/korea-is-on-the-cusp-of-a-new-golden-era-1200686151/

Is China Taking Over Hollywood?
http://www.rollingstone.com/movies/news/is-china-taking-over-hollywood-20131001

Cyndi Lauper and Harvey Fierstein’s Kinky Boots Recoups in Just 30 Weeks
http://www.theatermania.com/new-york-city-theater/news/10-2013/cyndi-lauper-and-harvey-fiersteins-kinky-boots-rec_66202.html

Broadway Grosses for “Spider-Man Turn of the Dark”
http://www.broadwayworld.com/grosses/SPIDER-MAN-TURN-OFF-THE-DARK

A Prince With No Fairy Godmother
http://theater.nytimes.com/2013/09/29/theater/hal-prince-is-still-short-of-investors-for-prince-of-broadway.html

Matt Smith to Lead World Premiere Cast of “American Psycho”
http://www.broadwayworld.com/article/Matt-Smith-to-Lead-World-Premiere-Cast-of-Duncan-Shiek-and-Roberto-Aguirre-Sacasas-AMERICAN-PSYCHO-20131007

New York City Opera Announces It Will Close
http://artsbeat.blogs.nytimes.com/2013/10/01/new-york-city-opera-announces-it-will-close/

CBS Extends David Letterman Contract Through 2015
http://www.hollywoodreporter.com/live-feed/cbs-extends-david-letterman-contract-643439

Goodreads Apologizes To Members Whose Reviews It Deleted
http://gigaom.com/2013/10/03/goodreads-apologizes-to-members-whose-reviews-it-deleted/

Scribd Launches E-book Subscription Service
http://www.publishersweekly.com/pw/by-topic/digital/devices/article/59324-scribd-launches-e-book-subscription-service.html

NBC Wins 2013 Premiere Week by Wider Margin, DVR a Bigger Talking Point for All
http://www.hollywoodreporter.com/live-feed/nbc-wins-2013-premiere-week-640007

Jury Clears Promoter in Death of Michael Jackson
http://www.nytimes.com/2013/10/03/business/media/concert-promoter-found-not-liable-in-death-of-michael-jackson.html?hp

Conservative Organization Moves Forward With Hillary Clinton Movie Plans
http://www.hollywoodreporter.com/news/hillary-clinton-movie-conservative-organization-640010

Executive Firings: What’s Behind Hollywood’s Season of the Witch Hunt
http://www.hollywoodreporter.com/news/executive-firings-whats-behind-hollywoods-639914

Sony Ousts Marketing President Marc Weinstock
http://www.hollywoodreporter.com/news/sony-ousts-marketing-president-marc-634815