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.
July 6, 2015
With the year now half over we join the rest of the entertainment industry in reviewing how 2015 is shaping up at the box office and for music sales. As predicted, the worldwide box office is on track to set another annual record thanks in part to three blockbuster releases that have each earned more than a billion dollars.
China continues to be an ever more important movie market as the country’s box office surged more than 50% during the first six months of the year with imported titles leading the way. Meanwhile, Hollywood movies have fared better in India than in past years with two passing the billion rupee level, a well-established benchmark of box office success.
The picture isn’t as rosy when it comes to music revenue. North American album sales are down 4% and digital downloads have fallen more than 10%. The declines may be caused by on-demand music streaming which has increased 74% so far this year. Whatever the reason, Taylor Swift isn’t sweating it since her most recent album has sold more than 2 million copies this year alone.
Of course, we also cover the week’s top entertainment news stories including the Grateful Dead perform one final concert, massive layoffs at the BBC and HBO Now is a huge hit in the iTunes app store.
May 4, 2015
Content owners seem to be locked in a never-ending game of legal Whac-A-Mole in an attempt to thwart technologies that enable copyright infringement. Last week record labels managed to shutter the music streaming service Grooveshark and movie studios were granted a court ordered injunction against Popcorn Time, which has been dubbed the Netflix of Piracy. Yet now entertainment companies are concerned about audiences live streaming television shows and movies from their mobile phones using social media apps such as Periscope.
That’s exactly what happened on Saturday during the welterweight title fight between Floyd Mayweather Jr. and Manny Pacquiao. Some viewers took it upon themselves to beam video of the boxing match by transmitting the pay-per-view broadcast through their phones.
Meanwhile on Broadway, this year’s Tony Award nominations were announced, recognizing the best and brightest new live theatre productions. We’ll give you a rundown of who was nominated and why walking off with one of the prestigious prizes can mean big profits at the box office.
Of course, we also cover the week’s top entertainment news stories including the gigantic opening of “Avengers: Age of Ultron”, a remake of “Roots” and how “Seinfeld” is earning big bucks on subscription video-on-demand.
April 27, 2015
When theater owners and film distributors from around the world convened last week for CinemaCon in Las Vegas they were presented with a slate of upcoming blockbusters and cutting edge innovations which forecast an optimistic future for the industry. After ending last year with the most depressed box office returns in recent memory, 2015 is shaping up to break all records with at least four films potentially grossing more than a billion dollars.
Adding to the optimistic outlook are emerging technologies that enhance the experience of going to the cinema. Upgrades such as immersive sound, laser projection and high dynamic range may help lure certain demographics back to theaters. Teenagers and young adults, for instance, have seen declining attendance since 2007 as the number of on-demand entertainment options began expanding.
Meanwhile, cable giant Comcast called off its $45 billion acquisition of Time Warner Cable after government agencies informed the company they would actively work to block the merger. Regulators believed the deal, which many feared but felt would ultimately be approved, might allow Comcast to dominate not just cable television, but more importantly high speed Internet access.
Of course, we also cover the week’s top entertainment news stories including the end of “Sabado Gigante”, how WikiLeaks got involved in the Sony cyberattack and Netflix just keeps growing.
November 10, 2014
President Obama finally weighed in on the battle over net neutrality calling for the FCC to reclassify broadband providers as utilities under Title II of Telecommunications Act. This inflamed the war between those who believe such a move is mandatory and others who fear bureaucratic regulation will have the unintended consequence of throttling future development and investment in technology. We do our best to debate both sides of a very contentious issue.
Leaking copyrighted content online however, is an issue everyone can agrees is bad. Marvel Entertainment showed how to handle just such a scenario with aplomb when a leaked copy of the trailer for their highly anticipated sequel to “Avengers” hit the Internet before its official release. We’ll fill you in on Marvel’s immediate and exemplary response.
While we’re on the subject of responses, there’s no question how Taylor Swift’s new album was received by her fans. They gobbled up more than 1.2 million copies during its first week on sale. That’s more than the next 106 albums on the weekly sales chart combined.
Of course, we also cover the week’s top entertainment news stories including Lemony Snicket on Netflix, Matt Damon returns to Jason Bourne and Pixar gears up for another “Toy Story”.