September 26, 2016
After more than a decade in decline, the sale of recorded music in the United States is set to grow for the second straight year thanks to increased revenue earned from music streaming services such as Spotify. Even so, the music industry is taking in half of what it earned at its peak late 1990s because streaming revenue hasn’t made up for the falloff in actual sales.
Meanwhile, the Dalian Wanda Group continues its invasion of Hollywood by cutting a deal with Sony Pictures to market movies in China. Wanda can practically guarantee the success of a new release given that it controls the largest movie theater chain in China ensuring a film will be scheduled heavily when it opens.
There is no sure bet at Viacom however as the media giant’s leadership remains in turmoil. It’s interim CEO is stepping down sooner than expected and the vice chairman of Paramount Pictures is also exiting. Then last week the company announced it would take a $115 million loss on a movie that hasn’t even been released yet.
Of course we also cover the week’s top entertainment news including a new law requiring websites like IMDb remove an actor’s age upon request, the BBC gets into a bake off battle and why Netflix is getting more original every day.
March 11, 2014
After months of rancorous public and legal battles with television networks over their ad-skipping Hopper technology, U.S. satellite provider Dish Network reached a landmark retransmission consent agreement with the Walt Disney Company. The deal calls for Dish to disable bypassing commercials for three days after a show originally airs. In return Dish is getting the rights to provide Disney’s networks via the Internet for any future IP-television offering they might develop.
Meanwhile, the city which has become known for producing movies and television shows is under siege. Not from a foreign invader, but rather Los Angeles (and California) is suffering from what is known as “runaway production” thanks to tax incentives being offered in other states and countries.
Austin Texas has also been invaded over the past week by attendees at the annual South by Southwest festival. Neil Young marked the occasion by announcing Pono, his long awaited high-def music player, along with its accompanying store filled with digital tracks for audiophiles.
Of course, we also cover the week’s top entertainment news stories including Sandra Bullock’s giant “Gravity” payday, television networks start premiering their shows in summer and why time-shifting made HBO’s “True Detective” a huge hit.