Showbiz Sandbox 628: An Inside Look at Streaming’s Microscopic Residual Payments
August 30, 2023
The recent success of the television series “Suits” on Netflix has shined a spotlight on how much money writers make on a cable or broadcast hit versus one on a streaming service. Last week one of the show’s writers revealed the vast difference in residual payments he received between linear and streaming underscoring why the WGA is currently on strike.
Meanwhile, with the WGA and SAG-AFTRA striking in strong solidarity, the AMPTP has hired a public relations crisis management firm. Studios, realizing the strike shows no sign of ending, have begun postpone tentpole releases such as “Dune 2” into 2024.
Of course we also cover the week’s top entertainment headlines including how Amazon has shown interest in partnering with Disney on ESPN, how preview screenings are messing up box office calculations and why musicians seem to be dumping manager Scooter Braun.
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Showbiz Sandbox 171: Cost Of Sports Could Be Cable’s Unbundling
November 26, 2012
The rights to broadcast Major League Baseball games through 2021 were recently scooped up by ESPN for a cool $5.6 billion. That’s nothing compared to the $15.2 billion the network will be paying the NFL for “Monday Night Football” over the next eight years. Now News Corp. has coughed up billions for a stake in the New York Yankees network and are on the verge of paying a rumored $6 billion for the rights to air Los Angeles Dodger baseball games for 25-years. Some cable operators are now saying the skyrocketing costs of sports programming is out of control and unrealistic.
Since we’re talking about billions of dollars, we may as well mention Sony Pictures. Thanks to films such as “The Amazing Spider-Man” and “Skyfall” the studio has taken in more than $4 billion worldwide this year at the box office. Lionsgate isn’t doing too bad either, earning $1 billion with releases such as “Hunger Games” and “Twilight Saga: Breaking Dawn”.
In fact, the North American box office is on pace to set a new record this year, much like the grosses recorded over the Thanksgiving holiday weekend. The $290 million was a new high for the four day period.
Of course, we also cover all the big entertainment headlines from the past two weeks including the ongoing sexual abuse scandal rocking Sesame Street, the death of actor Larry Hagman and NBC’s big win during the November sweeps.
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