Showbiz Sandbox 230: It’s Curtains For Celluloid at CinemaCon

March 31, 2014

Every spring movie theater operators from around the world converge on Las Vegas to attend CinemaCon. During the week-long convention cinema owners are bombarded with industry facts, attendance figures, educational seminars and endless footage from upcoming releases. Over the years advances in digital projection have become an increasingly important topic at the show.

It’s no secret that cinemas have been slowly converting their facilities from traditional 35mm projection to digital. There was no better indication that the days of celluloid film prints are definitely over than the number of vendors at CinemaCon demonstrating the next generation of digital technology, including immersive sound and laser projectors.

When it comes to live theater, there is no doubt that New York’s Broadway and London’s West End are the leaders of the pack. Our own Michael Giltz reviews his previous predictions and investment advice by recapping the past year’s biggest money making productions, as well as a few financial losers.

Of course, we also cover the week’s top entertainment news stories including the fall of “Duck Dynasty”, a decline in paid cable subscribers and Oprah Winfrey’s plans for a national tour.

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Showbiz Sandbox 215: How Many Music Streaming Services Does It Take To Make A Profit?

December 2, 2013

Just when you thought the online music streaming space couldn’t get any more crowded or competitive, along comes Deezer. The French company already boasts 5 million paying subscribers in 80 countries and now plans to launch in the United States, where Spotify and Pandora are the market leaders. However, none of these companies are actually profitable, which may be why services like Rdio went through a round of layoffs in November and is shuttering.

Profitability seems to be an issue for Sony Pictures too. The movie studio lost $181 million last quarter leading to the announcement of significant cost cutting measures in the wake of some summer box office duds.

Disappointing earnings and a declining subscriber base are also a problem at Time Warner Cable. As telcos and satellite providers continue to erode their market share, rumors have begun swirling that the second largest cable operator in North America might be acquired by one or more of its competitors, including Comcast.

Of course, we also cover the week’s top entertainment news stories including the Thanksgiving weekend’s record breaking box office, “Spider-Man: Turn Off The Dark” lowers the curtains on its Broadway run and the mediocre sales figures of Lady Gaga’s latest album.

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Showbiz Sandbox 158: A Rundown of The Year’s Top-Earning Authors

August 13, 2012

James Patterson tops the list of this year’s highest-paid authors according to Forbes. Working with a team of writers Patterson published an astounding 14 best-selling novels in 2011 to earn an estimated $94 million. Joining Patterson were regulars such as Stephen King and John Grisham among others, as well as newcomer George R.R. Martin whose “Game Of Thrones” series has become a best seller.

The Summer Olympics came to a close over the weekend. This must be disappointing to NBC which was just getting used to actually having an audience for a change. In fact, ratings for coverage of this year’s games set viewership records in both North America and Europe.

On previous episodes we’ve mentioned Hollywood’s new-found appreciation of China and it seems to only be growing. Last week filmmaker James Cameron announced the expansion of his 3D production company through a joint venture in China and DreamWorks Animation said they had agreed to work with a group of Chinese investors to develop a $3.1 billion culture and entertainment district in Shanghai.

We also cover the week’s top entertainment headlines including how Google plans to punish copyright thieves, a rumor that dead pop stars will perform on this season’s “X-Factor” and plans to adapt a cult 80’s television show featuring an alien puppet into a hit movie.

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