Showbiz Sandbox 196: Hollywood’s Frivolous Five Year Plan
June 24, 2013
Hollywood movie studios have a history of announcing the release date for big tentpole films a year or more in advance. The goal has always been to secure a prime weekend that will force the competition to stear clear. Lately however studios have taken to scheduling releases five years in advance. With some untitled projects yet to start production or even complete a script, it appears that release dates are more important than the movies themselves.
With longstanding geographic monopolies in-place cable companies rarely have to worry about competition, other than from satellite providers. That may be why Time Warner Cable is facing a class-action lawsuit which claims customers, especially non-sports fans, are being forced to pay for the company-owned sports channels to help offset the cost of expensive licensing deals.
Speaking of lawsuits, the government wrapped up its anti-trust case against Apple over the fixing of prices for e-books. While the Justice Department went into the trial looking like a winner, in the end Apple may have proved it was innocent of any illegal activity.
Of course we also cover the week’s top entertainment news including Robert Downey Jr.’s deal to play Iron Man in the next two “Avengers” movies, Billboard disses Jay-Z and Warner Bros. shakes up its top executives.
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Showbiz Sandbox 191: The Misunderstood Math Behind Movie Ticket Prices
May 13, 2013
The average cost of a movie ticket dropped to $7.94 in North America during the first quarter of 2013. That’s according to the National Association of Theatre Owners, the trade group that keeps track of such figures. Patrick Corcoran, the vice president and chief communication officer of NATO, explains how the average ticket price is calculated and the perennial complaint that such a low amount can’t possibly be correct.
Meanwhile, television networks have been working overtime putting together their schedules for next season. That also means they’ve been making public which shows didn’t make the cut, a.k.a. got canceled. Did your favorite show survive for another season, or did it go the way of series such as “Smash”, which was axed as had long been predicted.
Such bad news isn’t something the Rolling Stones have to worry about. According to the legendary rock group’s concert promoter reports that tickets to shows aren’t selling is completely untrue. In fact, tickets were priced at an exorbitant $600 on purpose to keep the secondary market at bay.
Of course we also cover the week’s top entertainment news including YouTube’s pay channels, Barbara Walter’s retirement and legislation that calls for a la carte cable offerings.
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Showbiz Sandbox 179: How To Gamble And Win On Broadway
January 28, 2013
This year alone there are at least 15 new shows being mounted on Broadway including adaptations of movies such as “Diner” and “Big Fish”. At one point or another all were in search of financial backing, however well known productions with big name stars often don’t pay dividends. We review which upcoming stagings smart, experienced Broadway investors should be banking on.
A very successful Sundance Film Festival came to an end last week as distributors left Park City having acquired a dozen or more independent films. We discuss the reason behind the frenzied sales activity and why some films came with steep seven-figure price tags.
Since we’re on the subject of paying out or investing money, it looks as if the cable bill for Los Angelenos will be going up again thanks to the L.A. Dodgers deal with Time Warner Cable for a new sports channel. Does one market really need six sports networks. More importantly, why are the customers in a single market forced to pay for them whether they want them or not.
Of course we also cover the week’s top entertainment news including Warner Bros. new CEO, JJ Abrams signs on to direct the new “Star Wars” and Fox begs viewers to use their DVRs.
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