Showbiz Sandbox 342: Box Office Growth in China Begins to Fizzle
October 31, 2016
Hollywood has been talking up China’s explosive box office growth for years and the country is forecast to surpass North America as the largest movie market in the world as early as next year. However, the growth in China is slowing with ticket sales down 10% this year from last year’s figures. Ryan Faughnder, a staff writer with the Los Angeles Times, stops by to explain some of the reasons for the decline and what it means for major studios.
Faughnder also gives us the lowdown on how some studios, specifically Lionsgate, are turning to YouTube stars in search of their next big hit. Warner Bros. and Disney have similar efforts underway, though none have found the secret to success in transforming online talent into mainstream stars.
Meanwhile politicians and investment analysts have publicly expressed their concern over AT&T’s acquisition of TimeWarner. Some have gone so far as to say the deal can lead to “a whole bunch of different horribles for consumers”. For their part, AT&T is trying to assuage fears by moving head with its virtual cable plan.
Of course we also cover the week’s top entertainment news including why the creator of “Mad Men” signed with Amazon for his next series, why viewership of two popular sports has decreased significantly and how the pop group ABBA is reuniting for a live performance… sort of.
Ryan Faughnder’s Bio and Stories at the Los Angeles Times
comScore Announces Official Worldwide Box Office Results for Weekend of October 30, 2016
Cinema Owners and Exhibitors Association members undecided over release of ‘Ae Dil Hai Mushkil’
A Dramatic Box-Office Slowdown in China Has Hollywood Nervous
The Studio Behind ‘The Hunger Games’ Wants to Turn YouTube Gurus Into Movie Stars
Sequential Drawings Entry on BookFilter
Paul Beatty Wins Man Booker Prize With ‘The Sellout’
Bob Dylan Speaks, at Last, on His Nobel
Academy Ventures Into the Unknown With No Oscar Producer, No Host
‘Mad Men’ Creator Matthew Weiner Sets Drama Series Pact With Amazon, Weinstein Co.
Bryan Fuller Out as ‘Star Trek: Discovery’ Showrunner
Warner Bros. Sues Innovative Artists Over Screener Piracy
TV Viewership Falls in N.F.L. and Premier League: A Blip, or Something Worse?
ABBA Plan ‘Previously Unimagined’ Virtual Reality Experience
NBCUniversal Third-Quarter Earnings Rise, Helped by Rio Olympics
Glenn Close Will Star, Again, in ‘Sunset Boulevard’ on Broadway
AT&T Clarifies Its Intent to Buy Time Warner (Not a Similarly Named Cable Company)
Individualized Ads on TV Could Be One Result of AT&T-Time Warner Merger
Seeking Ownership of Both the Information and the Superhighway
Will DirecTV Now Drive Video Industry Margins to Zero…or Less? #goodluckbundle