Showbiz Sandbox 326: How Brexit Will Affect the Entertainment Business
June 27, 2016
Thanks to the passage of a referendum in the United Kingdom dubbed Brexit, Britain will soon be leaving the European Union. Entertainment companies beyond those in the UK suddenly face a lot of uncertainty and confusion over deals they have already made and will be making in the months and years to come. We discuss how the Brexit vote may affect the entertainment industry.
In other troubling news, the long awaited (as in 20 years) sequel to “Independence Day” opened to disappointing box office returns. This has led to industry pundits spouting erroneous lessons Hollywood can take away from its release. Knowledgeable nuggets such as don’t wait too long to make a sequel (or did they forget about “Star Wars”) and don’t make sequels without the original star (though “Jurassic World” proved that theory wrong just last year).
We also take a look at virtual print fees or VPFs. A letter from one of our listeners asked us to clarify how small independent distributors can afford them. So, we review the history of VPFs, how they work around the world and when studios will stop paying them to theater owners.
Of course we also cover the week’s top entertainment news including a court decides that legendary rock band Led Zeppelin didn’t plagiarize its biggest hit, “Mr. Robot” gets more episodes in its second season and “Star Trek” fan films get a green light from Paramount Pictures (sort of).
comScore Announces Official Worldwide Box Office Results for Weekend of June 26, 2016
Gunman Killed in German Cinema, Hostages Injured
Movie Theater Gunman in Germany Killed by Special Forces
Brexit: Seven Likely Consequences for the British Film and TV Industry
3 Ways Brexit Could Devastate the Movies
Paramount, CBS Establish ‘Star Trek’ Fan Film Guidelines
Alicia Keys Latest Artist to Enforce No Cell Phone Policy at Concerts
Matt LeBlanc Is ‘Planning To Quit Top Gear if Co-host Chris Evans Does Not Go First’
BBC to Accelerate HbbTV Development
Movie Criticism Is an Overwhelmingly Male Dominated Field (Study)
Broadway’s Binder Casting Acquired by Cruise Ship Entertainment Producer RWS
Fun Home Closing Its Broadway Run, So Get Your Ticket Now
USA Network Ups ‘Mr. Robot’ Season 2 Order, Orders Live Aftershow
HBO Abandons Plans for ‘Vinyl’ Season 2
Led Zeppelin Wins ‘Stairway to Heaven’ Jury Trial
What is a “Virtual Print Fee”?
Virtual Print Fees: Unfair To Indies?