Showbiz Sandbox 344: Did the Media Bungle The 2016 Election?

November 14, 2016

We don’t cover politics on Showbiz Sandbox per se, however we do provide analysis and commentary on the worldwide media and entertainment industries. Thus, we discuss the role, and some might say the culpability, of the news media in the outcome of the 2016 presidential election. While there is no doubt some divisiveness over the election of president-elect Donald Trump, there seems to be unanimous consensus that mainstream media blew it… bigly.

We also take a look at the impact the results of this year’s presidential election will have on the entertainment business. Deals currently in the works may have a tougher time getting approved, and decisions that passed years ago may be in danger of being overturned.

China meanwhile has passed a new film industry law intended to crack down on box office fraud and promote “core socialist values”. It weaves a new layer of protectionism into the business by requiring that two thirds of the country’s movie screens be reserved for Chinese films.

Of course we also cover the week’s top entertainment news including the why IMDb is going to court over its right to post actors ages, Universal Pictures makes some changes at DreamWorks Animation and Robert Redford’s retirement plans.

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Showbiz Sandbox 343: Teamsters Play a Big Role on Broadway

November 7, 2016

The theater world is presently embroiled in major contractual battles over pay, benefits and credits. The last group you’d ever think would be leading the charge is the Teamsters, who represent a large number of theater, television and film workers, including casting directors. Turns out, if you want to produce entertainment in the United States, you probably have to deal with the Teamsters.

Those working off-Broadway however, are represented by the Actors Equity Association and they are negotiating with the League of Off Broadway Theaters and Producers. Actors are pushing for a historic pay increase claiming their weekly minimum has never kept pace with inflation, let alone the cost of living in the major metropolitan cities where live theater is produced.

Meanwhile the Justice Department has filed an antitrust lawsuit against AT&T-DirecTV and other pay television providers for colluding in their refusal to carry SportsNet LA, a channel owned by Time Warner Cable. This comes in the wake of AT&T’s bid to acquire the media company Time Warner, which some fear might consolidate to much media power in too few hands.

Of course we also cover the week’s top entertainment news including the noteworthy ratings for this year’s World Series, who was named producers of next year’s Oscar ceremony and a “The Simpsons” is set up to make television history.

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Showbiz Sandbox 342: Box Office Growth in China Begins to Fizzle

October 31, 2016

Hollywood has been talking up China’s explosive box office growth for years and the country is forecast to surpass North America as the largest movie market in the world as early as next year. However, the growth in China is slowing with ticket sales down 10% this year from last year’s figures. Ryan Faughnder, a staff writer with the Los Angeles Times, stops by to explain some of the reasons for the decline and what it means for major studios.

Faughnder also gives us the lowdown on how some studios, specifically Lionsgate, are turning to YouTube stars in search of their next big hit. Warner Bros. and Disney have similar efforts underway, though none have found the secret to success in transforming online talent into mainstream stars.

Meanwhile politicians and investment analysts have publicly expressed their concern over AT&T’s acquisition of TimeWarner. Some have gone so far as to say the deal can lead to “a whole bunch of different horribles for consumers”. For their part, AT&T is trying to assuage fears by moving head with its virtual cable plan.

Of course we also cover the week’s top entertainment news including why the creator of “Mad Men” signed with Amazon for his next series, why viewership of two popular sports has decreased significantly and how the pop group ABBA is reuniting for a live performance… sort of.

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Showbiz Sandbox 341: AT&T Deal For Time Warner Makes Vertical Integration Trendy Again

October 24, 2016

Last weekend, in a sudden and unexpected deal, telecommunications giant AT&T agreed to buy the media conglomerate Time Warner for $85 billion. As its current offerings become more commoditized AT&T is looking to add content to its portfolio through picking up Time Warner, a company that counts among its assets networks such as HBO and CNN, not to mention Warner Bros. Pictures. However, this marriage is far from certain will surely come under the scrutiny of antitrust regulators.

As awards season gets underway, studios have begun releasing some of their high profile title in hopes of going after Oscar glory. Historically, that meant opening arty films in a limited number of cinemas before going wide after gaining word of mouth. We explain why that’s happening less often these days.

Meanwhile, the Wanda Group is inviting all of Hollywood, and frankly anyone producing film and TV, to its new movie studios in Qingdao, China. They are offering a 40% incentive in hopes of luring productions to the multi-billion dollar facilities, but will anyone take them up on it?

Of course we also cover the week’s top entertainment news including why Bob Dylan might not be interested in commenting on his recent Nobel Prize award, why the “Deadpool” sequel lost its director and Garth Brooks signs an exclusive deal to stream his music on Amazon’s new service.

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Showbiz Sandbox 288: This Summer’s Box Office Is Turning Into A Blockbuster

July 27, 2015

A string of big budget Hollywood sequels and prequels like “Jurassic World”, “Avengers” and “Minions” have driven the 2015 summer box office nearly 15% higher than last year. And not just in the United States. Countries all over the world are reporting strong movie attendance, especially in China where homegrown productions have been the top grossing releases.

It doesn’t hurt that North American moviegoers are currently paying the highest ticket prices on record. Just ask IMAX which just reported the highest quarterly earnings in the company’s history.

It isn’t all good news for Hollywood studios however. The European Union is charging the six major distributors with antitrust violations over what regulators allege are illegal licensing contracts with cable operators. Should the EU prove their case, it could cause havoc by eradicating longstanding entertainment industry business models.

Of course we also cover the week’s top entertainment news including the Emmy Award nominations, the approval of AT&T’s merger with DirecTV, why Neil Young is yanking his music from streaming services.

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Showbiz Sandbox 248: Hollywood Squeezes States For More Tax Breaks

September 9, 2014

California is set to triple their tax subsidies for film and television production to more than $330 million annually in an effort to stem the tide of runaway production to states with larger tax incentives. Richard Verrier of the Los Angeles Times discusses the growing debate over the value of film tax breaks and whether they actually create new jobs, or just shift them to different locations.

There is absolutely no debate over whether this summer’s box office was down from the previous year. However as we explain, comparing year-over-year box office figures is misleading at best and ultimately a fool’s errand.

In an unusual move the rock band U2 will be giving away its new album “Songs of Innocence” to more than 500 million iTunes users for a limited time. Making the release free to download only serves to further underscore where most artists make their money these days; on tour.

Of course, we also cover the week’s top entertainment news stories including the new head of DreamWorks, why it will take a century for anyone to read author Margaret Atwood’s latest work and “The Simpsons” make their way to China.

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Showbiz Sandbox 236: Getting Sleep At This Year’s Cannes Film Festival

May 19, 2014

It’s the middle of May so that must mean it is once again time for the Cannes Film Festival, one of the most anticipated and prestigious annual events of the international film industry. This year’s Festival du Film is stocked with titles by auteurs considered to be the world’s crème de la crème. Whether it’s a selection from festival favorite Ken Loach or a timely political movie from Malian director Abderrahmane Sissako, we’ll tell you all about the films that have been hits with the critics and attendees.

Meanwhile, cable and broadcast networks held their annual upfronts in New York last week to announce which series we’ll be watching next season (and which ones they’ve cancelled). The question is with most of the networks moving toward year round programming, are upfronts still an effective method to sell advertising.

The Federal Communications Commission finally published their open internet notice last week managing to please just about nobody. This comes as media companies continue to consolidate with AT&T announcing their plans to purchase satellite TV provider DirecTV.

Of course, we also cover the week’s top entertainment news stories including this year’s Eurovision Song Contest winner, labor disputes at the Metropolitan Opera and Conan O’Brien’s contract gets renewed.

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