Showbiz Sandbox 332: How Cable Companies Will Profit From Cord-Cutting After All

August 22, 2016

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We keep hearing that cord-cutting is going to destroy the U.S. cable industry. But SNL Kagan analyst Ian Olgeirson says the economic outlook for the business over the next decade is actually quite solid. Olgeirson joins us to explain how cable companies are turning cord-cutters into more profitable cord-swappers and what that means for their long-term health.

Meanwhile, for the 2016 Summer Olympics in Rio you didn’t need to have a cable subscription since so much of the action was streamed live online. In fact, while television viewership may not have reached the levels some networks around the world had hoped, a record number of hours were streamed over the Internet from this year’s games.

We also launch a new segment that tells you the one new book worth reading out of the thousands that are published each week, as listed on BookFilter, a book lover’s best friend.

Of course we also cover the week’s top entertainment news including the dispute over Tom Cruise’s salary for “Mission: Impossible 6”, the power struggle at Viacom nears a resolution and Barbara Streisand tells Apple’s Siri how to pronounce her name properly.

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Ian Olgeirson’s Twitter Account
https://twitter.com/ianolgeirson

comScore Announces Official Worldwide Box Office Results for Weekend of August 21, 2016
http://www.prnewswire.com/news-releases/comscore-announces-official-worldwide-box-office-results-for-weekend-of-august-21-2016-300316177.html

NBC’s $12 Billion Olympics Bet Stumbles, Thanks to Millennials
http://www.bloomberg.com/news/articles/2016-08-19/nbc-s-12-billion-olympics-bet-stumbles-thanks-to-millennials

TV Ratings: Rio Games Take Silver with 27.5 Million Average for Competition Coverage
https://variety.com/2016/tv/news/tv-ratings-olympics-rio-27-5-million-average-viewership-1201841815/

TV Ratings: Rio Olympics Hit Low in Final Stretch
http://www.hollywoodreporter.com/live-feed/tv-ratings-rio-olympics-hit-921334

France Télévisions’ Olympics Digital Coverage Hits New High
http://www.rapidtvnews.com/2016082044033/france-televisions-olympics-digital-coverage-hits-new-high.html

Surrender New York on BookFilter
http://bookfilter.com/2016/02/08/surrender-new-york/

Kickstarter Hits a Publishing Milestone
http://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/71246-kickstarter-hits-a-publishing-milestone.html

J.K. Rowling Announces E-Book Series, ‘Pottermore Presents’
http://www.nytimes.com/2016/08/19/business/jk-rowling-announces-e-book-series-pottermore-presents.html

Viacom, Sumner Redstone Close to Deal Ousting CEO Philippe Dauman
http://www.hollywoodreporter.com/news/viacom-sumner-redstone-close-deal-920806

Redstone Family Prevails in Fight for Viacom, Philippe Dauman to Exit
http://www.hollywoodreporter.com/news/redstone-family-prevails-fight-viacom-920964

Sumner Redstone’s Granddaughter Challenges Philippe Dauman Settlement
https://variety.com/2016/film/news/sumner-redstone-granddaughter-philippe-dauman-settlement-1201841959/

Frank Ocean Ends His Long Silence With a Variety of Works
http://www.nytimes.com/2016/08/22/arts/music/frank-ocean-blonde-endless-review.html

Univision to Buy Gawker Media for $135M
http://www.hollywoodreporter.com/news/univision-buy-gawker-media-135m-920016

Gawker.com to Shut Down Next Week
http://www.nytimes.com/2016/08/19/business/media/gawkercom-to-shut-down-next-week.html

BAFTA Relaxes Rules on Video-On-Demand Movies for Film Awards
https://variety.com/2016/film/global/bafta-relaxes-rules-on-video-on-demand-movies-for-film-awards-1201840749/

Barnes & Noble Ousts CEO, Ron Boire
http://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/71200-barnes-noble-ousts-ceo-ron-boire.html

1999 Rape Case Swirls Around Nate Parker and His Film ‘The Birth of a Nation’
http://www.nytimes.com/2016/08/16/movies/nate-parker-rape-case-birth-of-a-nation-film.html

What the Amy Schumer Saga Says About Feminism and Compromises
https://variety.com/2016/tv/opinion/amy-schumer-kurt-metzger-comedy-central-inside-amy-schumer-1201840316/

Barbra Streisand Brings Siri Kvetch Directly to Apple CEO Tim Cook
http://www.thewrap.com/barbra-streisand-siri-apple-tim-cook/

Tom Cruise ‘Mission: Impossible 6’ Pay Dispute Halts Preproduction
http://www.hollywoodreporter.com/heat-vision/tom-cruise-mission-impossible-6-921148

CAA Book’s Lack of Index Frustrates Hollywood Readers
http://www.hollywoodreporter.com/rambling-reporter/caa-books-lack-index-frustrates-920056

Next 10 Years Look Upbeat for the U.S. Cable Industry
https://www.spcapitaliq.com/our-thinking/newsroom/next-10-years-look-upbeat-for-the-u-s-cable-industry

Promising Next Ten Years for US Cable Industry but Video Fears Persist
http://www.rapidtvnews.com/2016081243958/promising-next-ten-years-for-us-cable-industry-but-video-fears-persist.html

Leading US MVPDs Lose 705,000 Subscribers Over Past Four Quarters
http://www.rapidtvnews.com/2016081443965/leading-us-mvpds-lose-705-000-subscribers-over-past-four-quarters.html

Comments

  • mgiltz

    Apparently Showbiz Sandbox is the only media outlet that can do math. While everyone else laments that the Rio Olympics ratings were down from London, we pointed out the obvious: London was the highest rated overseas Olympics in history. So it was very likely that Rio would be “down” — that is, the second highest overseas Olympics in history. Plus we talk cord cutting with a top analyst. You may lower your pay TV bill but guess what? They’re raising your broadband fee.