Showbiz Sandbox 131: Broadway Flops Find New Life On The Road
January 9, 2012
Even the worst Broadway flops can wind up turning a profit once they begin touring in cities throughout the world. Patrick Healy, the theater news and features reporter for the New York Times, explains how sometimes it doesn’t matter if you make it big on the Great White Way, provided you’re a hit in Buffalo. He also provides a glimpse at what we might see at this year’s Tony awards.
Speaking of awards, the Director’s Guild, Writer’s Guild and Producer’s Guild announced their nominations for end-of-year accolades, helping to further define which films might be in the running for this year’s Oscars. Still, there doesn’t seem to be a front runner for Best Picture.
Music sales were up in 2011 for the first time since 2004. As expected, the sale of digital albums rose significantly as CD’s and other physical copies continued to decline.
Of course, we cover all the week’s top entertainment news including Van Halen’s reunion tour, new trouble for Netflix and the resignation of Disney’s marketing head.
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Showbiz Sandbox 110: “Transformers” Proves Mediocrity Makes Money
July 6, 2011
When “Transformers 3: Dark of the Moon” hit theaters over the Fourth of July holiday weekend fans of the franchise were relieved to discover it wasn’t nearly as bad ad the second film. That seems to be a fairly common response to Michael Bay’s latest critic-proof popcorn blockbuster. The highly anticipated movie made nearly $400 million at the worldwide box office in its first week explaining why studios love such formulaic dreck and all but ensuring another sequel.
Last week also saw the sale of MySpace. The once dominant social network Internet site which was once valued at $12 billion was sold by News Corp. at a loss for a mere $35 million. What may be more surprising than anyone actually wanting to buy MySpace is that pop star Justin Timberlake has been tapped to help turn the company’s fortunes around by focusing on music.
Speaking of music, NPR tried to figure out how much it costs to make a hit pop song by examining the finances behind Rihanna’s recent single “Man Down”. Apparently all it takes is $1.1 million in production and promotions costs and 12 minutes to right the lyrics.
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Showbiz Sandbox 104: ‘Pirates’ Proves The Importance Of A Global Box Office
May 23, 2011
Despite earning more than $90 million in North America during its debut weekend, the opening of “Pirates of the Caribbean: On Stranger Tides” did not live up to many industry insiders lofty expectations for the movie. However, considering the film made an additional $260 million in more than 100 international territories, its impossible to consider the latest installment of the Jack Sparrow franchise anything other than a success.
Even so, some analysts believe any muted box office returns for “Pirates” in North America are due to the public’s rejection of 3D movies. Have audiences grown tired of viewing films in 3D? Is the once flashy new technology now passé or is the surcharge for 3D and Imax causing moviegoers to opt-out?
The Cannes Film Festival came to an end this past week with Terrence Malick’s “Tree of Life” taking home the Palm d’Or. Will winning the festival’s top prize help the film’s financial prospects? If history is any guide, probably not.
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