Showbiz Sandbox 208: Why Studios Are Reshuffling Their Executive Ranks

October 7, 2013

Movie moguls have always faced unreliable job security, though never more so than over the last two years. Beginning in early 2012 five of the six major Hollywood movie studios have fired their top executives and reshuffled existing management. We discuss what’s causing the studio shakeup and it it will affect the movies we see in years to come.

Soon enough unemployed studio big shots may be able to find work in South Korea’s film industry. With a wave of fresh homegrown talent and exciting new stories finding their way into theaters, the country’s box office has skyrocketed making it one of the world’s strongest movie markets.

When it comes to box office on Broadway, it’s become a tradition for productions to boast when they’ve broken even. This also means we can do some quick math to conclude how much it costs to keep a show up and running on a weekly basis, a figure that many productions don’t always like to share.

Of course, we also cover the week’s top entertainment news stories including David Letterman’s new late night contract, New York City Opera files for bankruptcy and a jury decides a concert promoter is not liable for the death of Michael Jackson.

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Showbiz Sandbox 194: Tony Awards Prove Broadway Knows How To Put On A Show

June 11, 2013

Once again actor Neil Patrick Harris proved he knows how to host an awards show with a dazzling turn as master of ceremonies at this year’s Tony Awards last Sunday. The ceremony provided its share of surprises and dramatic speeches from the likes of Cicely Tyson and pop-star Cyndi Lauper as “Kinky Boots” walked off with six Tonys including Best Musical. Though the telecast may have been poorly directed, it was filled with a mixed bag of performances from this season’s top Broadway shows.

For Broadway play or musical, a Tony can provide a huge boost at the box office, though it’s no guarantee. There has never been a magic formula for investing in the arts which is something JP Morgan and its partners should have looked into before loaning Paramount Pictures a load of cash to finance movies. Now everyone is suing each other after the bank discovered their Hollywood investments weren’t as risk free as they had initially thought.

That kind of inside news is usually reported by the likes of Nikki Finke over at her Deadline Hollywood blog. However, if a scoop from a competing online news source is correct, Finke’s days at Deadline may be numbered. Has Finke’s conentious reputation finally caught up with her, or will a crosstown rival need to eat some crow?

Of course we also cover the week’s top entertainment news including Amazon’s European tax problems, Disney’s digital distribution plans, and the possibly illegal limitations of Microsoft’s new Xbox.

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