Showbiz Sandbox 341: AT&T Deal For Time Warner Makes Vertical Integration Trendy Again
October 24, 2016
Last weekend, in a sudden and unexpected deal, telecommunications giant AT&T agreed to buy the media conglomerate Time Warner for $85 billion. As its current offerings become more commoditized AT&T is looking to add content to its portfolio through picking up Time Warner, a company that counts among its assets networks such as HBO and CNN, not to mention Warner Bros. Pictures. However, this marriage is far from certain will surely come under the scrutiny of antitrust regulators.
As awards season gets underway, studios have begun releasing some of their high profile title in hopes of going after Oscar glory. Historically, that meant opening arty films in a limited number of cinemas before going wide after gaining word of mouth. We explain why that’s happening less often these days.
Meanwhile, the Wanda Group is inviting all of Hollywood, and frankly anyone producing film and TV, to its new movie studios in Qingdao, China. They are offering a 40% incentive in hopes of luring productions to the multi-billion dollar facilities, but will anyone take them up on it?
Of course we also cover the week’s top entertainment news including why Bob Dylan might not be interested in commenting on his recent Nobel Prize award, why the “Deadpool” sequel lost its director and Garth Brooks signs an exclusive deal to stream his music on Amazon’s new service.
comScore Announces Official Worldwide Box Office Results for Weekend of October 23, 2016
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Brice 3 Pirated Movie Stunt
AT&T Agrees to Buy Time Warner for $85.4 Billion
Swift Opposition to Resurrection of AT&T Giant
Book Filter Entry for Play It Loud
Chuck Berry, 90, Will Release His First New Album in Four Decades ‘Chuck’
Amazon Crashes Apple’s Exclusives Party with Huge Garth Brooks Deal
SAG-AFTRA Videogame Strike Likely Tonight as Union Blasts ‘Freeloader’ Industry for Refusing Residuals
SAG-AFTRA Video Game Strike Begins
Bob Dylan’s Silence on Nobel Prize Is Called ‘Impolite and Arrogant’ by Academy Member
Possible Mutiny Brewing at Josh Groban’s ‘Comet’
Bankrupt Shipping Company Causing Woes for Publishers
‘Deadpool’ Director Tim Miller Exits Sequel Over Creative Differences
Russians Seek Answers to Central Moscow GPS Anomaly
‘Tonight Show’ Showrunner Josh Lieb Exits for Overall Deal With Universal Television
Christopher Marlowe Credited as One of Shakespeare’s Co-writers
Wang Jianlin Beckons Hollywood Filmmakers to Massive China Moviemaking Complex
Wanda to Unveil a 40% Rebate to Lure Productions to Chinese Studio
Wanda’s Big Qingdao Studio Pitch: Will Hollywood Take the Bait?