Showbiz Sandbox 339: The Slow Death of a Sundance Hit
October 10, 2016
With its racially charged themes striking a timely chord, “The Birth of a Nation” garnered acclaim and a $17.5 million distribution deal at this year’s Sundance Film Festival. However after it became known that its director and star was once accused (though acquitted) of rape, a question was raised over whether art can be separated from its creator. Many will argue that the answer lies in the movie’s poor critical reception and tepid box office.
What was touted as a contender for multiple Oscar nominations this year, “The Birth of a Nation” may ultimately break even in theatres before going on to earn most of its money in ancillary markets. If it were up to Reed Hastings though, the film would have been released on VOD and in cinemas at the same time. The Netflix CEO claims theater owners are strangling the movie industry with their insistence on release windows.
Meanwhile, there are calls by some in Congress for the Justice Department to review the growing number of business acquisitions being made by Wanda, a Chinese conglomerate. Having purchased multiple movie theater chains and at least one Hollywood production company, some legislators believe the U.S. is allowing Chinese state-controlled companies to gain too much soft power
Of course we also cover the week’s top entertainment news including why executives are disappearing from BBC’s Radio 1, how Disney cast a sequel to “Mary Poppins” without a script and what the future may hold for celebrity newscaster Billy Bush.
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Showbiz Sandbox 179: How To Gamble And Win On Broadway
January 28, 2013
This year alone there are at least 15 new shows being mounted on Broadway including adaptations of movies such as “Diner” and “Big Fish”. At one point or another all were in search of financial backing, however well known productions with big name stars often don’t pay dividends. We review which upcoming stagings smart, experienced Broadway investors should be banking on.
A very successful Sundance Film Festival came to an end last week as distributors left Park City having acquired a dozen or more independent films. We discuss the reason behind the frenzied sales activity and why some films came with steep seven-figure price tags.
Since we’re on the subject of paying out or investing money, it looks as if the cable bill for Los Angelenos will be going up again thanks to the L.A. Dodgers deal with Time Warner Cable for a new sports channel. Does one market really need six sports networks. More importantly, why are the customers in a single market forced to pay for them whether they want them or not.
Of course we also cover the week’s top entertainment news including Warner Bros. new CEO, JJ Abrams signs on to direct the new “Star Wars” and Fox begs viewers to use their DVRs.
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