Showbiz Sandbox 353: Streaming Giants Raise Ante at Sundance Film Festival
January 30, 2017
As if it wasn’t difficult enough for distributors to find a commercial title amidst the hundreds of films premiering at the Sundance Film Festival each January, video streaming companies such as Netflix and Amazon have entered the bidding causing acquisitions prices to rise for the entire market. Anne Thompson, Indiewire’s editor-at-large, has just returned from Sundance where she reports most of the films were good, though maybe not good enough to win any Oscars in 2018.
As for this year’s Oscars, the frontrunners became a little more clear with the Producers Guild and Screen Actors Guild handing out their awards over the weekend. “Hidden Figures” surprised many by taking home the SAG Award for Outstanding Performance by a Cast in a Motion Picture during a politically charged ceremony.
Speaking of industry unions, the Directors Guild of America has signed a new contract with producers that gives its members significant raises in subscription video-on-demand residuals. This is welcome news for directors who missed out on sharing in DVD and Blu-ray revenue over the past decade.
Of course, we also cover the week’s top entertainment news stories including the launch of a brand new vinyl record factory, Jeffrey Katzenberg’s new venture and streaming music company Tidal finds a new investor.
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comScore Announces Official Worldwide Box Office Results for Weekend of January 29, 2017
‘Journey to the West’ Sequel Dominates Foreign Box Office With $85 Million
Directors Guild of America Members Ratify New Contract
Sony Warns of $962 Million Goodwill Loss, Says Studio Is Not for Sale
PGA Awards: The Complete Winners List
SAG Awards Winners: Complete List
Iranian Director Asghar Farhadi Won’t Attend Oscar Ceremony
The Evenings by Gerard Reve, Sam Garrett
Crossroads of Canopy by Thoraiya Dyer
Scores by Michael D. Blutrich
Jack White Starting His Own Vinyl Pressing Plant
Sprint Purchases 33 Percent Stake in Tidal
Craig Ferguson to Launch Live Daily ‘Format-Free’ Show for SiriusXM
BBC Four Acquires First Spanish Drama
‘New York Times’ Cuts a Range of Bestseller Lists
Publishers Respond to Losing Some ‘New York Times’ Bestseller Lists
Jeffrey Katzenberg Raises $600 Million for New Venture, WndrCo
NBC Could Shake Up ‘Today’ to Launch Megyn Kelly in Fall
NBC Cancels the Third Hour of ‘Today’ to Make Way for Megyn Kelly
Amazon Video Direct: Here’s What the Deal Really Means for Sundance Filmmakers
Peter Capaldi Departing ‘Doctor Who’
Emmanuelle Riva, Oscar-Nominated Star of ‘Amour,’ Dies at 89
John Hurt, Oscar-Nominated Star of ‘The Elephant Man,’ Dies at 77
Mary Tyler Moore, Who Incarnated the Modern Woman on TV, Dies at 80