April 2, 2012
Hollywood studios spent this past week waging a bidding war for a book derived from fan fiction stories on “Twilight” websites. Universal Pictures wound up paying an estimated $5 million for E.L. James’ “Fifty Shades of Grey”, an erotic novel that has become a best selling phenomenon despite only being published as an e-book. Producers now must figure out how to handle the graphic sexual content found in titles the media has dubbed “mommy porn”.
Last week also marked the merger of SAG and AFTRA, the unions representing actors. Members of both groups overwhelmingly voted to join forces to create the largest bargaining group in Hollywood. Only time will tell if presenting a united front will give the thespians more power to negotiate better contracts.
Meanwhile, the popular music streaming service Spotify has decided to allow unlimited free listening indefinitely. While this is good news for music fans, how will Spotify, which has yet to turn a profit, pay increased licensing fees to all the record labels?