Showbiz Sandbox 621: Summer Box Office Is Much Cooler Than Expected

July 4, 2023

In a year which boasted a bevy of summer blockbusters, moviegoers haven’t been turning up at theaters for some of the more highly anticipated releases. Instead, big budget titles such as “The Little Mermaid,” “Elemental,” “The Flash,” and even “Indiana Jones and the Dial of Destiny” among others have all had underwhelming opening weekends. Is depressed movie attendance a temporary trend or is it the new normal?

Meanwhile, when SAG-AFTRA extended their contract negotiations with producers into July Hollywood averted a dual strike with both actors and writers walking picket lines. The ongoing writers strike is already causing studios to shift release dates back by months if not years.

Of course we also cover the week’s top entertainment headlines including the Academy sets new rules for the Best Picture Oscar, big name directors make their case for the Turner Classic Movies network and Ryan Seacrest takes over as host of “Wheel of Fortune.”

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Showbiz Sandbox 618: The 2023 Cannes Film Festival Lives Up to the Hype

May 30, 2023

The 76th annual Cannes Film Festival wrapped up over the weekend handing out prizes to some of the 21 official selections appearing in competition this year. Justine Triet’s film “Anatomy of a Fall” took home the Palme d’Or though that was one of many deserving titles programmed at what many festival goers felt was one of the stronger lineups in recent memory. We were in attendance and will take you with us to the south of France to fill you in on all the important news coming out of the festival.

Meanwhile, in a legal case that could have a major impact on Fair Use in the arts, the Supreme Court ruled that the late Andy Warhol was a copycat. Ok, they used some fancy legal terms, but that’s the gist of the decision over a work the artist created for Vanity Fair that used a photograph of the musician Prince.

​​Of course we also cover the week’s top entertainment headlines including why actors in the United Kingdom want some rules to limit taped auditions, Broadway’s post-pandemic box office rebound and broadcaster plan to stream the 2024 summer Olympics live.

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Showbiz Sandbox 518: The Cord Cutting Epidemic Is Growing

November 17, 2020

This year, consumers have continued to migrate from pay television providers to over-the-top services at an increasing rate. In the United States alone, the number of cable and satellite subscribers has dropped 25% to 73 million in just five years. Many industry watchers are expecting that number to bottom out at 50 million by 2025.

Yet people are watching more television than ever; they’re just doing it on services such as Roku, HBO Max and Hulu. Last week Disney reported that their new streaming service has attracted 73 million subscribers. Their original target was 60 million by 2024. They reached that number their first nine months.

Of course we also cover some of the week’s top entertainment headlines including how Spotify is investing more in podcasting, Ticketmaster makes a plan to safely hold concerts again, and the Super Bowl has booked its halftime show.

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Showbiz Sandbox 493: Rebooting Film and TV Production Won’t Be Easy

May 12, 2020

When most of the global entertainment industry shut down in March due to the COVID-19 pandemic, it wasn’t just movie theaters, concert halls and amusement parks that were affected. The sudden lockdown forced film and television productions of all kinds to be suspended, no matter what stage they were in. What has yet to be determined is how to start filming new shows and movies while keeping cast and crew safe.

Questions remain over everything from how to shoot love scenes moving forward, whether cast and crew should sequester themselves during production to how often everyone on set should be tested to how meal breaks should be handled. There are concerns over every aspect of a production, including craft services.

Of course we also cover some of the week’s top entertainment headlines including an increase in cord-cutting among cable subscribers, why a major Hollywood talent agency is struggling to survive the industry’s lockdown and how the Fox network is making their upcoming television season coronavirus-proof.

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Showbiz Sandbox 376: Cord Cutters Are Using An Old Hack To Watch Television – It’s Called An Antenna

August 7, 2017

As the Federal Communications Commission seeks to further deregulate cable television companies and do away with net neutrality, consolidation within the industry has caused rates to increase dramatically. We’ll explain how more and more people are growing fed up with high cable bills and what they’re doing about it. Some millennials have even discovered an amazing hack to get the broadcast networks for free! And it’s totally legal!

We’ll also tell you about how some big name players are getting fed up with Hollywood’s opaque accounting system. Sylvester Stallone is suing Warner Bros. over profit participation for his 1990s hit movie Demolition Man while filmmaker Steven Soderbergh is taking the distribution of his latest movie into his own hands.

In China, “Wolf Warrior 2” has earned nearly half a billion dollars at the global box office and looks set to become the country’s highest grossing movie ever. Meanwhile, Wonder Woman is still playing strong in theatres around the world and may surpass “Spider-Man” to claim the crown as the biggest comic book movie debut in history.

Of course, we also cover the week’s top entertainment news including why legendary TV producer Norman Lear is boycotting the Kennedy Center Honors reception, when Bette Midler is leaving “Hello Dolly” and why Netflix acquired a comic book company.

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Showbiz Sandbox 365: As Cord-Cutting Grows, Media Company Revenue Falls

May 8, 2017

Media company stocks took a beating last week with a one-two punch from cord-cutting and a soft ad market. The first quarter of 2017 saw pay cable subscriptions fall by over 700,000 in the United States, the largest ever such loss. This has caused some concern that cord-cutting has accelerated just as major advertisers have started to spend less on marketing.

However, television networks may just be shifting where revenue comes from. Rather than huge carriage fees and ad rates tied to huge viewership, networks may now be earning money off licensing content to streaming video providers and selling ads on digital platforms. There’s just one problem; such digital platforms pay far less than networks used to getting.

Warner Music Group is also suffering from shrinking revenues thanks to consumer migration to streaming online services. The company signed a new licensing agreement with YouTube, but they aren’t happy with a deal they felt forced into accepting. We’ll explain why.

Of course, we also cover the week’s top entertainment news including the multiple “Game of Thrones” spin-offs planned by HBO, Harry Potter heads to Broadway and the return of “American Idol”.

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Showbiz Sandbox 332: How Cable Companies Will Profit From Cord-Cutting After All

August 22, 2016

We keep hearing that cord-cutting is going to destroy the U.S. cable industry. But SNL Kagan analyst Ian Olgeirson says the economic outlook for the business over the next decade is actually quite solid. Olgeirson joins us to explain how cable companies are turning cord-cutters into more profitable cord-swappers and what that means for their long-term health.

Meanwhile, for the 2016 Summer Olympics in Rio you didn’t need to have a cable subscription since so much of the action was streamed live online. In fact, while television viewership may not have reached the levels some networks around the world had hoped, a record number of hours were streamed over the Internet from this year’s games.

We also launch a new segment that tells you the one new book worth reading out of the thousands that are published each week, as listed on BookFilter, a book lover’s best friend.

Of course we also cover the week’s top entertainment news including the dispute over Tom Cruise’s salary for “Mission: Impossible 6”, the power struggle at Viacom nears a resolution and Barbara Streisand tells Apple’s Siri how to pronounce her name properly.

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Showbiz Sandbox 316: Indiana Jones and the Colonoscopy

March 21, 2016

Last week Harrison Ford and Steven Spielberg announced they are grabbing a whip and fedora and planning one more adventure for Indiana Jones with its original director and star. They haven’t set a start date for shooting, don’t seem to have a script or even a setting or general idea for the movie yet, at least not one they’re sharing. But naturally they have a release date. The next Indiana Jones will be coming to a theater near you on July 19, 2019.

If it were up to the Screening Room, you’ll be able to watch the latest Indiana Jones installment from the comfort of your own home. Everyone is weighing in on the new company that wants to make blockbuster movies available in your home the same day they hit theaters.

Meanwhile, CBS is turning off their radios. The broadcaster says they are looking to offload their fabled radio group despite it being a stable long-term business. CBS believes radio doesn’t have sexy growth potential so they apparently wants out.

Of course we also cover the week’s top entertainment news including an explanation of television stacking rights, Mariah Carey gets her own reality series and China cracks down on box office fraud.

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Showbiz Sandbox 291: Media Companies Come Clean On Cord Cutting

August 24, 2015

After years of denying cord cutting was happening on any level, several large media companies are finally confessing that cord cutting is a growing trend which may soon affect their bottom lines. After decades of steady growth, cable operators are now beginning to see flat or declining subscriber numbers as new content streaming services pop-up.

Clearly, the business models the television industry has relied on in the past are evolving rapidly, more so than movies or theater or even publishing at the moment. Yet some industry insiders believe the cable cord isn’t being cut, but that it’s slowly fraying as the definition of what it means to be a television network has changed.

Some media companies aren’t waiting to study market indicators before making strategic moves. Last week NBCUniversal made a $200-million investment in the online news outlet Buzzfeed, leaving many to wonder how this could possibly benefit the network.

Of course we also cover the week’s top entertainment news including how boy band One Direction wants to take a break, why Spotify wants to breach your privacy and Cirque du Soleil is headed to Broadway.

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Showbiz Sandbox 274: Cord-Cutting Has Never Been Easier, or More Expensive

March 23, 2015

Cord-cutting has been a growing fear of the television industry for many years. The terrifying possibility that consumers will give up their expensive cable bundles in lieu of online streaming is quickly becoming a reality as numerous services have sprung up to provide over-the-top options. Unfortunately none of these services offers access to all the major networks forcing viewers to spend just as much, or even more, to see all their favorite programs.

When you start adding up the cost of subscriptions to Netflix, Amazon Prime, Hulu along with newcomers such as Dish Networks Sling TV and HBO Now, cutting the cord may not be the cost savings everyone has been hoping for.

Meanwhile, the music industry has been undergoing its own struggles as existing revenue models have been upended by digital distribution. Last year marked the first time that streaming music earned more than the sale of music on compact discs. This has led to a rallying cry from industry trade groups for artists to be fairly compensated regardless of the platform on which their music is accessed.

Of course, we also cover the week’s top entertainment news stories including how female moviegoers are driving this year’s box office, why John Williams won’t be scoring Steven Spielberg’s next movie and the new math formula determining whether Madonna’s recent release is the top selling album of the week.

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