Showbiz Sandbox 433: 2018 Was A Blockbuster Year at the Box Office

December 31, 2018

A string of big movie releases during the holidays helped the North American box office set a record in 2018, ending the year at $11.9 billion. Ticket sales also set a record in China where roughly $8.7 billion was earned. These two territories combined accounted for 48% of the $41.7 billion global box office.

However, growth in the second largest movie market in the world slowed to 9%, down from nearly 14% the year before. That’s why China ignored it’s quota on imported films at the end of 2018, allowing several Hollywood titles to be released. We’ll see if that trend continues into the new year.

In somewhat related news, a survey commissioned by the National Association of Theatre Owners showed that streaming services like Netflix do not adversely affect the frequency of moviegoing. Apparently people who watch a lot of movies at home, also like to watch movies in theaters. Go figure.

Of course we also cover the week’s top entertainment headlines including the Aretha Franklin’s back taxes, Ed Sheeran’s blockbuster tour and why CBS wants to dump Nielsen.

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Showbiz Sandbox 421: How “Grand Theft Auto” Got Its Groove On

August 27, 2018

The popular video game franchise “Grand Theft Auto” has already made over $6 billion for its publisher Rockstar. Now as the game moves online its players have listened to 75 billion minutes of music. Players can stream 18 online radio stations as they make their way through the game and even buy a nightclub to book performances by major DJ’s like Black Madonna. It’s the latest digital revenue stream for record labels and artists as sales of physical media taper off.

Meanwhile, just as the Justice Department was set to investigate whether the Paramount Decrees are still necessary, a small movie theater operator in Texas is suing the world’s largest cinema chain, AMC, claiming they colluded with studios to prevent them from getting new releases. The case proves just how hard proving antitrust allegations can be.

In the United Kingdom a movement among actors to be treated more fairly during the audition process has turned into a campaign with its own hashtag; #YesorNo. Actors simply want to know whether they have gotten a role or not after an audition. Some say being ignored entirely is worse than being rejected.

Of course we also cover the week’s top entertainment news including the final season of “The Big Bang Theory,” the Eagles break a sales record in a dubious fashion and Cuba Gooding, Jr. is headed to Broadway by way of “Chicago.”

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Showbiz Sandbox 420: A Closer Look at the Current State of the Publishing Industry

August 20, 2018

When we talk about the publishing industry, we are usually looking at the trade market. Those are the books sold in bookstores, like the latest Stephen King title. But the publishing industry is made up of more than just trade. For instance, there’s also the education market like college and high school textbooks. While trade publishing has modestly righted itself revenue-wise over the past few years, all these other segments are down in sales, sometimes considerably.

Meanwhile an entire week has gone by without MoviePass changing the terms and conditions of its cinema-going subscription plans. Even so, the company’s investors are not happy and are suing the owners for tanking the stock.

We’ll also take a closer look at the music industry paper published by Citigroup last week. A lot of industry players have very convincing reasons why the way the report calculates its revenue and statistics is all wrong.

Of course we also cover the week’s top entertainment news including how Conan O’Brien is trimming his nightly talk show to a half-hour, Sony Music will distribute the earnings from its Spotify investment to artists and the streaming television series that has hundreds of millions of viewers in China.

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Showbiz Sandbox 355: Adele’s Big Grammy Victory Is All In the Numbers

February 13, 2017

Though Beyoncé had been predicted to walk off with this years top Grammy Awards for her critically acclaimed album “Lemonade”, she was beat out by Adele who won five top awards for “25”. Rather than being racially motivated, as some would suggest, Adele’s Grammy success was buttressed by an album that sold 20 million copies making it by far one of the biggest albums of the last decade, topped only by sales of her previous release “21”.

Then there was the artist who has never sold a single record yet managed to win three Grammys this year. Chance the Rapper made history when he became the first artist to win a Grammy for a streaming-only album. “Coloring Book” won the Grammys for Best Mixtape and Best Rap Performance, while Chance the Rapper took home the prize for Best New Artist.

Meanwhile, the struggling entertainment conglomerate Viacom announced how it hopes to turn the company around. The company plans to focus on “silos” of branded properties which can be exploited across multiple platforms. This is the same strategy the Walt Disney Co. has used with great success; however Viacom’s existing properties are hardly as popular as Marvel or Pixar.

Of course, we also cover the week’s top entertainment news stories including plans to revive “American Idol” on television, Stephen Colbert’s “Late Show” tops Jimmy Fallon’s “The Tonight Show” for the first time and Aretha Franklin, the queen of soul music, announces her retirement.

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Showbiz Sandbox 294: As Box Office Grows In China, So Do Claims of Fraud

September 14, 2015

China continues on its torrid pace toward become the number one movie market in the world having already surpassed its record $4.7 billion box office from last year. However, some Chinese distributors, and even some moviegoers, are claiming cinema owners are manipulating reported grosses on behalf of the government.

Recently a propaganda film titled “The Hundred Regiments Offensive” managed to sell more tickets than was possible based on its number of showings and theater count. Industry executives now say releases such as “Terminator:Genisys” are being unfairly robbed of their true earnings. Yet the market is so big, when “Mission Impossible: Rogue Nation” debuted last week it gave Tom Cruise the biggest box office opening of his career.

Meanwhile, parts of the world are entering autumn, a time when leaves fall from the trees and Broadway shows fall from the marquees to make way for new shows. We’ll tell you which shows have announced closings, which ones will follow soon and take a brief look at some new productions opening soon.

Of course we also cover the week’s top entertainment news including the return of Stephen Colbert to late night television, the new owner of National Geographic and how the late Billie Holiday and Whitney Houston will perform once again… as holograms.

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Showbiz Sandbox 293: Why Forecasting Box Office Has Become So Difficult

September 7, 2015

Though this year’s North American summer box office may wind up being the second biggest on record at $4.4 billion, movie studios are finding it far more difficult to predict opening weekend grosses. An article in the Hollywood Reporter details how tracking pre-release box office has become unreliable in an age when social media buzz and movie review aggregation have become so prevalent.

Word-of-mouth can now spread so quickly that movies like “Ted 2” can be doomed 24 hours after release, opening 33% below its estimated $50 million first weekend gross. And it’s not just flops that suffer tracking mishaps, as evidenced by “Jurassic World” bowing to $208 million, 60% more than originally anticipated.

Until now, Apple hasn’t had to worry about movie box office or even television ratings, but all that might change if rumors the company is getting into producing original content are at all true.

Of course we also cover the week’s top entertainment news including why Aretha Franklin wound up in court last week, why DreamWorks is leaving Disney and who the Academy selected to produce next year’s Oscar telecast.

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Showbiz Sandbox 83: The Social Network Tops Critics Year-End Picks

December 13, 2010

Even the latest “Chronicles of Narnia” film can’t steal the spotlight from “The Social Network”. David Fincher’s little Facebook movie is the toast of critics groups throughout the country with most selecting it as the year’s best film. “Blue Valentine” may be getting overlooked when it comes to top awards, but the MPAA decided to downgrade the film’s NC-17 rating to a more marketable R.

Spotify, Europe’s leading online music service, still hasn’t launched in the United States thanks to licensing disputes with the record labels. We’ll just have to be satisfied with watching music videos on YouTube where artists like Rhianna, Eminem and Justin Bieber rake in millions from advertising.

Disney and ABC aren’t relying on YouTube to make money online with their television shows. Instead, they struck a lucrative licensing deal with Netflix who will stream the shows to to paying subscribers.

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