March 31, 2014
Every spring movie theater operators from around the world converge on Las Vegas to attend CinemaCon. During the week-long convention cinema owners are bombarded with industry facts, attendance figures, educational seminars and endless footage from upcoming releases. Over the years advances in digital projection have become an increasingly important topic at the show.
It’s no secret that cinemas have been slowly converting their facilities from traditional 35mm projection to digital. There was no better indication that the days of celluloid film prints are definitely over than the number of vendors at CinemaCon demonstrating the next generation of digital technology, including immersive sound and laser projectors.
When it comes to live theater, there is no doubt that New York’s Broadway and London’s West End are the leaders of the pack. Our own Michael Giltz reviews his previous predictions and investment advice by recapping the past year’s biggest money making productions, as well as a few financial losers.
Of course, we also cover the week’s top entertainment news stories including the fall of “Duck Dynasty”, a decline in paid cable subscribers and Oprah Winfrey’s plans for a national tour.
March 4, 2014
If you weren’t surprised by any of the winners at this year’s Oscar ceremony, you may have Oscar prognosticators like Anne Thompson to blame. Indiewire’s editor-at-large was at the big show and joins us to discuss the telecast, the show, and all the money and effort poured into the annual awards season. Thompson also fills us in on her new book “The $11 Billion Year: From Sundance to the Oscars, an Inside Look at the Changing Hollywood System“.
The business side of the film industry isn’t the only aspect of movies that is evolving. The sound accompanying new releases is getting a few enhancements thanks to immersive 3D audio. This has created an industry battle over audio formats.
Speaking of disputes, 19 Recordings, the music label responsible for “American Idol”, is once again suing their partner Sony. This time the argument is over the issue of whether digital tracks are sold or licensed to buyers. There is a huge difference in the royalty paid for each.
Of course, we also cover the week’s top entertainment news stories including Tyler Perry leaves Lionsgate, Paramount is bullied into changing the marketing for “Noah” and Dreamworks Animation takes a write-down on “Turbo”.
February 17, 2014
The proposed merger of Comcast and TimeWarner Cable has presented industry analysts with a number of complicated questions. Providing some of the answers is David Gelles, a business reporter for the New York Times, who joins us to provide background and insight into a transformative $45 billion deal that would combine the two largest media and technology providers in North America.
Though there are no legislative restrictions, will the U.S. government try to prevent to the two cable giants from consolidating? What concessions will the regulators ask of Comcast if allowing the merger to go through? How will consolidation give Comcast leverage in negotiations with content providers? Would the combined companies have too much control over the media? Most importantly, what does all of this mean for consumers?
Meanwhile, in the United Kingdom, the BAFTA awards were handed out over the weekend to films with strong British ties. That wasn’t the case at the Berlin Film Festival where Chinese movies took home the top prizes.
Of course, we also cover the week’s top entertainment news stories including Jimmy Fallon’s “Tonight Show” debut, actress Ellen Page’s inspiring coming-out speech, and an update on actor Shia Labeouf’s latest performance art stunt.
January 20, 2014
Celebrities, filmmakers and industry executives are in the midst of their annual pilgrimage to Park City, Utah for the Sundance Film Festival. Thanks to digital technology it’s never been easier to make or distribute a low budget film. This has led to a glut of indie productions looking for audiences and no way to know which are worth watching.
This year’s Sundance began the day Oscar nominations were handed out and the festival’s founder was overlooked for his critically praised performance in “All Is Lost”. (Awkward). With nine films competing for Best Picture, and guild awards not being hounded out to consistent winners, it looks as if this will be one of the closest Oscar races in recent memory.
Meanwhile, an appeals court ruling may have finally killed Net Neutrality, much to the joy of Internet service providers everywhere. This means the cost of streaming online music and video may soon rise significantly.
Of course, we also cover the week’s top entertainment news stories including a Broadway bound musical adaptation of Disney’s “Frozen”, the declining appeal (and ratings) of “American Idol” and the most popular show on daytime television.
January 13, 2014
Last week at the Consumer Electronics Show in Las Vegas manufacturers stirred up a lot of buzz around 4K Ultra HD television sets. The proven and tested technology promises resolution four times greater than current high definition monitors. The biggest hurdle the industry must overcome for Ultra HD to work are the economics, specifically the high cost of delivering 4K content.
For those consumers who have given up on cable and broadcast television, commonly referred to as “cord-cutters”, the good news is they will now be able to watch wrestling via streaming video thanks to the WWE’s new online only network. However, the United States Supreme Court will decide whether they can continue using Aereo to stream local broadcast channels.
Meanwhile, this year’s awards season continues to chug along as the Golden Globes are handed out and the Director’s Guild of America announced their nominations.
Of course, we also cover the week’s top entertainment news stories including why Britney Spears and Miley Cyrus are too sexy for France, the demographics of last year’s Broadway ticket sales and whether a movie critic’s tweets can be used in advertisements.
January 6, 2014
Almost every sector of the entertainment industry saw record grosses during 2013. North American movie ticket sales reached a record $10.9 billion. Television audiences are tuning in to more shows than ever, especially sporting events. The top 20 concert tours made a whopping $2.43 billion. It all helped contribute to the bottom lines of many entertainment companies causing their stock prices to end the year on a high note.
The only category in which revenue declined was the music. Even sales of digital music declined for the first time since iTunes was launched back in 2003. Album sales were down 8.4% overall and some industry insiders concede this might be due to streaming services such as Pandora and Spotify.
And financial numbers aren’t the only ones increasing in entertainment. So are the sizes of televisions. They’re not only getting bigger, but the consumer electronics industry is pushing Ultra HD with 4K resolution, which is twice that of current HD televisions.
Of course, we also cover the week’s top entertainment news stories including the death of singer Phil Everly, the expansion and increased usage of UltraViolet and the manufactured controversy behind Martin Scorsese’s latest film, “The Wolf of Wall Street”.
December 9, 2013
When the Grammy Award nominations for 2014 were announced last week, they were filled with names of artists and musicians who at this time last year few had ever heard of. One hasn’t even graduated from high school yet. Lorde, country singer-songwriter Kacey Musgraves and the rapper-producer duo Macklemore & Ryan Lewis rose to stardom on a wave of self-distribution, YouTube and social media.
Accolades are also being handed out for some of the year’s best movies. There’s only one problem; nobody can agree on which films to award. One critics group was so divided over Best Picture that it led to a tie for two different movies.
Meanwhile, producer Jerry Bruckhiemer’s year will be ending on an up note. Though he might be on the outs with Disney after the disappointing performance of “The Lone Ranger”, the mega-producer announced a new first-look deal with Paramount Pictures.
Of course, we also cover the week’s top entertainment news stories including Indiana Jones heads to Disney for a reboot, Billy Joel takes up residency at Madison Square Garden and television audiences tune-in en masse for a live performance of “The Sound of Music”.
November 4, 2013
Last week Woody Allen wrote an “open letter” to the film industry pointing out that casting is the only single card credit at the beginning of a movie which is not honored by the Academy Awards. Like many before him, the filmmaker argued casting directors are crucial to any good movie, especially his. Should the Oscars consider adding a category for casting directors to recognize them alongside editors, cinematographers and other craftspeople?
Meanwhile, a film that hasn’t started the casting process in earnest is “Star Wars: Episode VII”. The movie doesn’t even have a script yet, which is why its filmmakers have been trying to convince Disney to push its release date back a year to 2016.
In the television world there was bad news for Time Warner Cable last week. Their dispute with CBS which led to a month-long blackout of the network cost the company over 300,000 subscribers. This likely means other cable providers will be afraid to pick fights with broadcasters over the rising cost of programming. Digital rights, however, are an entirely different battle.
Of course, we also cover the week’s top entertainment news stories including why “slow TV” is such a hit in Norway, the rising cost of the “Hunger Games” franchise and the Jonas Brothers officially call it quits.
October 14, 2013
Facebook and Twitter have entered into a fierce battle to hold sway over the conversations taking place around television shows. The social media giants intend to mine the viewing habits of millions of users for data that might be useful to television networks. Karen Woodward, a leading entertainment industry social media consultant, discusses whether social chatter can lead to higher ratings and more advertising revenue.
Meanwhile, as the end of the year nears everyone is talking about awards season. Thanks to the fall film festival circuit and industry previews, virtually all Oscar hopefuls have already been seen and the handicapping of frontrunners has begun. However, it may take a while to view all entries for Best Foreign Language Film that were submitted by a record 76 countries.
The popular music streaming service Spotify turned five this past week and shared a few figures behind its success. One bit of data revealed that of the 20 million tracks hosted by service, 4 million have never even been streamed… not even once.
Of course, we also cover the week’s top entertainment news stories including the rise of a 16-year-old pop star from New Zealand, “Fifty Shades Of Grey” loses a cast member and the Jonas Brothers cancel their upcoming tour.
September 16, 2013
Four of the last five films to win Best Picture Oscars first appeared at the Telluride Film Festival before officially premiering the following week at the Toronto International Film Festival. Anne Thompson from Indiewire attended both festivals this year and fills us in on the big movies everyone will be talking about during the upcoming awards season.
This past week also saw the death of Ray Dolby, the audio pioneer who founded Dolby Laboratories to advance the art of motion picture sound. We debate whether the film industry is now discouraging future inventors from working in the space.
Meanwhile, revenue from digital movies and television shows continues to climb, up 24% this year alone. Unlike theatrical box office though, studios have remained tight lipped when it comes to providing actual sales figures, fearing actors and filmmakers will want a bigger cut.
Of course, we cover the week’s top entertainment news stories including the big winners at the Creative Arts Emmy Awards, a racy Miley Cyrus video that racked up YouTube records and J.K. Rowling spins-off Harry Potter.