Showbiz Sandbox 171: Cost Of Sports Could Be Cable’s Unbundling

November 26, 2012

The rights to broadcast Major League Baseball games through 2021 were recently scooped up by ESPN for a cool $5.6 billion. That’s nothing compared to the $15.2 billion the network will be paying the NFL for “Monday Night Football” over the next eight years. Now News Corp. has coughed up billions for a stake in the New York Yankees network and are on the verge of paying a rumored $6 billion for the rights to air Los Angeles Dodger baseball games for 25-years. Some cable operators are now saying the skyrocketing costs of sports programming is out of control and unrealistic.

Since we’re talking about billions of dollars, we may as well mention Sony Pictures. Thanks to films such as “The Amazing Spider-Man” and “Skyfall” the studio has taken in more than $4 billion worldwide this year at the box office. Lionsgate isn’t doing too bad either, earning $1 billion with releases such as “Hunger Games” and “Twilight Saga: Breaking Dawn”.

In fact, the North American box office is on pace to set a new record this year, much like the grosses recorded over the Thanksgiving holiday weekend. The $290 million was a new high for the four day period.

Of course, we also cover all the big entertainment headlines from the past two weeks including the ongoing sexual abuse scandal rocking Sesame Street, the death of actor Larry Hagman and NBC’s big win during the November sweeps.

Read more

Play

Showbiz Sandbox 147: TV Networks Are Upfront About Their New Schedules

May 14, 2012

It’s the time of year when North American television networks put on big presentations to introduce their fall lineups to major advertisers; a process referred to in the industry as “the upfronts”. It’s also the time when TV audiences find out which of their favorite shows are sticking around for another season and which have been canceled. We’ll fill you in on some of the shows that didn’t make it some of the new series we have to look forward to this fall.

Adele continues to make news in the music world. Her album “21” sold 18 million copies last year which accounted for 1.6% of all the music sold around the world. The pop singer even helped the United Kingdom increase their share of global music sales to 13%.

Tom Hanks appears to be headed to the Great White Way to make his Broadway debut. So is Zooey Deschanel who will be starring in a musical based on Loretta Lynn’s autobiography “Coal Miner’s Daughter”.

Read more

Play