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 50: Coachella Gets Its Crowd On
April 20, 2010
This year’s Coachella Music and Arts Festival was hot, sweaty and packed with great music from more than 120 bands. Though an Icelandic volcano prevented some bands from traveling to Coachella this past weekend, a record setting sold out crowd of 75,000 attended the festival in the Southern California desert. Among them were Todd Martens, the co-editor of the Los Angeles Times Pop & Hiss blog and Lauren Bradshaw, the co-editor of BuzzSugar (not to mention our very own J. Sperling Reich). They stop by to fill us in on which musical acts were worth catching and which should have stayed home.
Meanwhile the superhero comedy “Kick-Ass” opened in movie theaters last Friday, however the film did not live up to it’s name. It barely squeaked into first place over the animated 3D film, “How To Train Your Dragon”. But is “Kick-Ass” really a flop, or have we become jaded when it comes to box office analysis?
As summer draws near, so too does the end of the television season. Which shows will stick around until next fall and which will be looking at the wrong end of the network’s ax? We’ll go over all the shows which are “on the bubble”. Read more
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