Showbiz Sandbox 349: How the 2016 Box Office Defied the Odds
January 3, 2017
Apparently political pollsters aren’t the only forecasters whose predictions can be wrong. With fewer high profile blockbusters than 2015, some in Hollywood believed that the 2016 North American box office could surpass the previous year. However, a number of unexpected hits like “The Jungle Book” and “Deadpool” helped box office climb to a record high of $11.4 billion.
Meanwhile in China, the rapid box office growth that saw a 50% rise in 2015 slowed dramatically. In fact, the country’s box office actually fell in the last half of 2016, causing a modest 3% gain, year-over-year. We’ll explain what caused the Chinese box office to cool off so quickly and why there may be some good news buried in the financials.
Our resident theatre expert Michael Giltz will brief us on all the new productions opening on Broadway this spring. He’ll tell us which shows he would invest in (if he had the money) and which might be headed to a town near you when they go out on tour.
Of course we also cover the week’s top entertainment news including this year’s Rock and Roll Hall of Fame inductees, a banner year for cable news networks and how record labels are finally seeing some profits from streaming music revenue.
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Showbiz Sandbox 315: China Becomes A Global Movie Superpower
March 14, 2016
In recent years, Chinese-owned companies have become the film industry’s biggest power players by scooping up production companies and cinema chains. The latest example came when AMC Theatres, owned by China’s richest man Wang Jianlin, announced it will acquire Carmike Cinemas to become the world’s largest motion picture exhibitor.
It’s easy to see why the Chinese are so hot on the cinema business given that their box office surpassed that of North America during the month of February for the second time ever. Yet if you were to ask some financial analysts, Hollywood Hollywood is starting to look like the video game industry before it imploded; bigger budgets, fewer winners and more losers. Is Hollywood about to shrivel up like Pac-Man?
Then there are those like Sean Parker, one of the founders of Napster and Facebook, who are trying to convince Hollywood that it’s time to start making big movies available in consumer’s homes the same day they hit theaters. Is there any business model in which that could actually work?
Of course we also cover the week’s top entertainment news including the authors nominated for this year’s prestigious Man Booker Prize, music sales in France plummet and Kevin Spacey won’t be heading up Relativity Media after all.
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Showbiz Sandbox 307: Can Guild Nominations Forecast Oscar Winners?
January 11, 2016
This year’s Academy Award nominations will soon be announced and we wonder if one can predict who might take home Oscar gold by watching the annual honors handed out by Hollywood’s labor guilds. We’ll tell you how won Golden Globes, which have proven less reliable in forecasting Oscar winners, and take a look at who the Brits shine a spotlight on via the BAFTAs.
Much like the movie business, publishing has become a global game. That makes the recent broadside by groups representing authors around the world especially notable. They’re calling on publishers to offer author contracts that are more equitable and represent the way business is done in the 21st Century.
Director/Producer Gavin Polone believes Hollywood studios and television networks are only hurting themselves when they decide to cook the books when it comes to reporting earnings to profit participants. He argues that the talent and creatives they cheat on the backend have no incentive to keep costs down on the front end.
Of course we also cover the week’s top entertainment news including how Netflix went worldwide, actor Sean Penn went to Mexico to interview the head of a drug cartel and the death of legendary musician David Bowie.
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