Showbiz Sandbox 364: Hollywood Averts Another Writer’s Strike With Last Minute Deal

Though it came down to the wire and took an all-night negotiating session, Hollywood avoided another costly writer’s strike earlier this week. The Writers Guild of America, which represents upwards of 12,000 movie and television writers, came to a tentative agreement with the Alliance of Motion Picture and Television Producers, which negotiates on behalf of Hollywood studios and networks. The three year contract reportedly resolves several issues including the WGA health plan, how long a writer can be held by a television series as well as parity for online and cable residuals.

In other breaking news, the nominations for this year’s Tony Awards were announced, but it is anyone’s guess which of the four productions up for Best Musical will come out on top. The same is true of the four plays, each of which is by an American playwright making their Broadway debut. The only sure thing is that Bette Midler will win the Best Leading Actress in a Musical Award for “Hello Dolly!”

Meanwhile, after a 15 year decline in which global recorded music lost 40% of its value, the music industry is showing signs of life. You can thank streaming. For the second year in a row, music sales worldwide have increased – that includes physical product, digital and income from streaming.

Of course, we also cover the week’s top entertainment news stories including more layoffs at ESPN, “Saturday Night Live” heads to China (sort of) and Ryan Seacrest gets a new television gig.

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Showbiz Sandbox 361: Forget Release Windows, CinemaCon Proves the Screen is the Future

Cinema operators gathered in Las Vegas last week to attend the annual CinemaCon trade show where they were able to preview upcoming film releases and learn about some of the new technology on offer for their theatres. Naturally, box office was a big topic with global ticket sales (barely) hitting a record $38.6 billion. Even with a strong U.S. dollar, international box office still made up 71% of the total.

Another issue on everyone’s mind were theatrical release windows; studios want to introduce a premium video on demand offering that brings new releases to the home sooner, though exhibitors are understandably pushing back.

Meanwhile, there may be no movies to show in cinemas if screenwriters goes on strike. The Writers Guild of America has been meeting with producers and studios, however the sides are far apart in their negotiations and a strike is looking more likely.

Of course, we also cover the week’s top entertainment news stories including Robert Downey Jr. as Dr. Dolittle, why major advertisers are upset with YouTube and Adam Sandler reups with Netflix.

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Showbiz Sandbox 360: Can Spotify Come To Terms With Major Record Labels?

Even as Spotify has grown into the largest subscription streaming music service in the world, all of the company’s long-term licensing deals have expired and it has struggled to negotiate new ones that will help them lower costs and become a viable business. However new reports have emerged that Spotify may be close to reaching new licensing deals after agreeing to some strict terms from the labels.

Among these are marketing guarantees, the windowing of major releases and only placing full albums on the premium paid tier of their service. Spotify may have no choice but to accept the labels’ offer otherwise their much-anticipated IPO may fall apart once and for all.

Unlike Spotify, Netflix is a subscription streaming company that is at the top of its game and isn’t worried about squabbling with its content partners. Instead, the company has been busy altering its star rating system, restoring and lost Orson Welles film and bad-mouthing movie theaters.

Of course, we also cover the week’s top entertainment news stories including the opening of Disney’s live-action “Beauty and the Beast” sets box office records, the head of the MPAA goes M.I.A. at CinemaCon and Saturday Night Live makes plans for prime time segments. Read more

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Showbiz Sandbox 318: The CinemaCon and Coachella Experience Is Priceless

Movie theater operators from around the world gathered at CinemaCon in Las Vegas last week to see what Hollywood studios have to offer over the next 12 months; from big budget tentpole releases to potential awards contenders. The loudest buzz at this year’s event was caused by The Screening Room, a company that hopes to bring current movie releases into the home, day-and-date with cinemas. Following a year of record theatrical box office grosses, studios, exhibitors and filmmakers alike spoke out en masse against such an idea.

Meanwhile, the first weekend of this year’s Coachella Music and Arts Festival took place over the weekend and we’ll fill you in on some of the highlights and musical acts as we debate whether big festivals have become too pricey and elitist.

During Inside Baseball, we’ll tackle the growing controversy over acting workshops; the “educational” courses where actors get pointers on how to audition. After a top casting director lost their job over the practice, there is a sense that such workshops feel like scams where struggling actors are conned into paying to audition in front of industry players.

Of course we also cover the week’s top entertainment news including the executive disarray at Disney, how Twitter will stream NFL games next season and why the Golden Globes are tweaking their rules.

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Showbiz Sandbox 282: Broadway’s Not So Big Night at the Tony Awards

A musical about family, sexuality and suicide along with a play about an adolescent with Aspberger’s syndrome won the top prizes at this year’s Tony Awards over the weekend. Based on Alison Bechdel’s graphic memoir, “Fun Home” was awarded Best Musical and “The Curious Incident of the Dog in the Night-Time” earned Best New Play. On paper, both could have been marginal longshots to win Tonys, which can at times go to more commercial productions.

We go over the list of this year’s Tony Award winners and choose a few highlights from a ceremony in which they were quite sparse. It was great to see Kelli O’Hara win a Tony for Best Actress In A Musical after she had been overlooked the last five times she was nominated. Yet, in a year which saw Broadway break box office records, the telecast flirted with all-time low ratings.

Meanwhile, as we record this episode Apple appears set to announce their streaming music service which some big record label executives see as a tipping point that could save the industry. That seems like a tall order given how late the company is getting to market, but it’s never a good idea to underestimate Apple.

Of course, we also cover the week’s top entertainment news stories including how Netflix is heading to Spain, Senator Chris Dodd is staying on as head of the MPAA and Showtime is going over the top with its new streaming service.

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Showbiz Sandbox 277: CinemaCon Predicts A Bright Future For Moviegoing

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.

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Showbiz Sandbox 248: Hollywood Squeezes States For More Tax Breaks

California is set to triple their tax subsidies for film and television production to more than $330 million annually in an effort to stem the tide of runaway production to states with larger tax incentives. Richard Verrier of the Los Angeles Times discusses the growing debate over the value of film tax breaks and whether they actually create new jobs, or just shift them to different locations.

There is absolutely no debate over whether this summer’s box office was down from the previous year. However as we explain, comparing year-over-year box office figures is misleading at best and ultimately a fool’s errand.

In an unusual move the rock band U2 will be giving away its new album “Songs of Innocence” to more than 500 million iTunes users for a limited time. Making the release free to download only serves to further underscore where most artists make their money these days; on tour.

Of course, we also cover the week’s top entertainment news stories including the new head of DreamWorks, why it will take a century for anyone to read author Margaret Atwood’s latest work and “The Simpsons” make their way to China.

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

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 202: Holy Overreaction, Batman!

You would have thought the world was coming to an end last week when Warner Bros. announced the casting of Ben Affleck as Batman in the upcoming blockbuster which will pair the Dark Knight with Superman. Fans of the Caped Crusader weren’t the only ones to weigh in on the casting choice. Just about everyone on earth seemed to have an opinion (most of them negative) on whether Affleck should put on the Batsuit.

No matter who plays Batman, you can be sure the character will resurface in more films. After all, seven of the top ten grossing movies of the summer were sequels or remakes, helping the 2013 domestic box office stay on track with last year.

Much the moviegoers have gotten used to reboots and sequels, television audiences have grown accustom to having their cable providers blackout networks over licensing disputes just as Time Warner Cable is doing presently with CBS and its affiliated networks. Industry critics and politicians have suggested a la carte cable may help stem such actions, though we’ll explain why it may prove to be a horrible idea.

Of course we also cover the week’s top entertainment news including the launch of iTunes Radio, the return of “Duck Dynasty” and the death of drive in movie theaters.

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Showbiz Sandbox 133: Oscars Celebrate The Past; Sundance Discovers The Future

This year’s Oscar nominations have finally been announced and they are full of surprises. Actors and actresses which seemed like shoe-ins for a nomination were completely overlooked. Films that nobody thought would be considered for Best Picture wound up in the list of nine nominated titles.

Meanwhile up in Park City, Utah this year’s Sundance Film Festival is underway. We’ll go over all the movies that have festival goers (and acquisitions executives) buzzing as well as fill you in on why indie films may finally reach wider audiences.

“American Idol” returned to the airwaves to lower ratings. Ryan Seacrest, the show’s host, may not care though since he took another step last week toward becoming the next Dick Clark by partnering with Mark Cuban and AEG on a new cable television network.

We also cover some of the week’s top entertainment headlines including Adele’s continued dominance of the music charts, the death of controversial anti-piracy legislation and the shuttering of Megaupload over copyright infringement.

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