August 31, 2016
Much has been made about the decline in box office this summer, with franchise sequels underperforming and certain pricey movies failing to attract an audience. Kevin Lincoln, a senior editor at New York Magazine and Vulture, takes a look at this summer’s biggest flops and predicts which mega-budget releases might suffer a similar fate as we round out the year.
In China it might be more difficult to know which movies are box office disappointments or crowd favorites since online and mobile ticketing companies have been offering hefty subsidies to cinemagoers in their heated battle for market share. This means the gross of any release is almost always higher than what moviegoers actually paid to see it.
We’ll also dip back into audience figures from the recently completed Summer Olympics in Rio. This time however we have some data about viewership in Europe, Canada and elsewhere. To nobody’s surprise, more people streamed coverage online than ever before.
Of course we also cover the week’s top entertainment news including how Netflix international subscribers will soon outnumber those in the United States, a changing of the guard at Twentieth Century Fox gets expedited and the late Prince’s home and music studio is set to become a museum.
May 2, 2016
Comcast announced last week that it would acquire Dreamworks Animation for $3.8 billion, taking another step toward transforming themselves from a cable giant into a full fledged media conglomerate. Meg James, a corporate media reporter for the Los Angeles Times, join us to discuss how, though the deal may not have been anticipated, it makes a lot of sense for both companies.
The purchase is the most recent in a string of acquisitions that have closely mirrored the strategy Disney has executed over the past decade as they gobbled up companies such as Pixar, Marvel and Lucasfilm. Comcast has proven quite adept at turning undervalued assets such as NBCUniversal and Universal Studios theme parks into profitable entities.
Meanwhile, as the Tony Awards season officially kicks off, Broadway is suffering from what is being referred to as The Hamilton Effect. This is a condition in which you open a musical that blends hip-hop and history in a way that not only makes the show a cultural phenomenon, but the inevitable winner of this year’s much coveted Best Musical Tony.
Of course we also cover the week’s top entertainment news including the Daytime Emmy winners, why Fox is pulling out of this year’s Comic-Con convention and how French law enforcement is preparing for the Cannes Film Festival.
February 29, 2016
In a year when the Academy Awards were faulted for a lack of diversity among its nominees, ceremony host Chris Rock addressed the #OscarsSoWhite controversy head on in his opening monologue by mixing pointed criticism with biting humor. Anne Thompson, Indiewire’s editor at large, brings us along as she attends the 88th annual Oscars and explains just how difficult it was to predict this year’s winners.
Mind you, award season never really ends. France handed out their own awards for last year’s top movies and we’ll tell you who won all the big prizes at the Cesars. We even look at the nominations for the Olivier Awards, the London theater equivalent to the Tonys. Literally hours after winning his first Oscar, Mark Rylance was nominated again, this time for his performance in “Farinelli and the King”.
Meanwhile, Barnes & Noble is planning to imitate its online rival Amazon by, oddly enough, opening new brick and mortar stores. And a reissue of the Alex Haley bestseller Roots brings up everything from copyright to the question of when a book goes out of print to ebook pricing.
Of course we also cover the week’s top entertainment news including how Netflix and other streaming services have decimated video sales, PBS will launch its own cable network and Adele tops the Brit Awards.
February 2, 2016
This year’s Sundance Film Festival wrapped up over the weekend in historic fashion by awarding the dramatic competition grand jury and audience prizes to “The Birth of a Nation”, a historical biopic a Virginian slave revolt. The film made headlines earlier in the week when Fox Searchlight purchased the film for a record $17.5 million after beating out Netflix in a heated bidding war.
We’ll tell you about all the big Sundance awards and continue the Oscar season slog, in which this year’s front runners are as mixed up as a Republican presidential primary. SAG added to the confusion, making “Spotlight” this week’s hero, after “The Big Short” looked like a winner the week before.
Meanwhile the Federal Communications Commission is about to vote on ending the monopoly of set top boxes for US cable subscribers, a decision that could have big ramifications for everything from what you watch to the stock prices of numerous tech companies, including Apple and Roku.
Of course we also cover the week’s top entertainment news including Louis CK bypasses television networks and brings his new series directly to viewers, Pope Francis gets ready for his closeup in a feature film and sales of new music were outpaced by catalogue titles over the past year.
September 28, 2015
It is said numbers don’t lie, however in the entertainment business they don’t always tell the truth either. When it comes to box office grosses, television ratings, home video earnings and book sales, numbers can often present misleading or incomplete information which paint an unrealistic, or at times purposefully skewed, financial picture.
Netflix, for instance, released data detailing what they claim is the episode when their customers get hooked on a television series. However, the “hook study” performed by the subscription video streaming service was limited in scope and may simply be an example of how good Netflix is at spinning its numbers into great PR opportunities.
Meanwhile, like every other area of the entertainment industry, the book world has been rocked by the digital revolution. But publishers believe the business is leveling out based on sales figures which leave out large segments of the market. None of this explains why e-books cost more than paperbacks though.
Of course we also cover the week’s top entertainment news including Amy Schumer’s big book advance, a lawsuit over the movie “Goodfellas”, which Warner Bros. says was a huge flop, and the Harry Potter origin story will become a two part theatrical production on London’s West End.
August 10, 2015
There is no dispute that in the entertainment business, just like in any other industry, money is the fuel that keeps the engine running. Yet raising it, accounting for it, paying it back and doling out profits is becoming more complex for media companies. Indeed, making a fortune in show business is anything but easy or straight forward.
Take Relativity Media for example. The upstart movie studio and its brash CEO Ryan Kavanaugh were going to change the way Hollywood operated and movies were made. However now they’ve filed for bankruptcy. We’ll provide some background and explain the details of what could wind up being the largest studio bankruptcy ever.
Movie moguls aren’t the only one’s struggling to mind their dollars and cents. Legendary musician David Byrne wants record labels to be more transparent about where all the money is going in the music business. Meanwhile the Authors Guild has a few thoughts of its own when it comes to copyright and revenue from book sales.
Of course we also cover the week’s top entertainment news including Jon Stewart’s last “Daily Show”, staff turmoil at Rolling Stone magazine and changes afoot in film distribution strategies.
April 13, 2015
Even in the best of times being a Hollywood talent agent has never been an easy job. The dog eat dog nature of the agency business has never been more apparent than during the last few weeks when 11 agents suddenly defected from Creative Artists Agency, one of the industry’s leading agencies, to become partners at a rival firm, United Talent Agency. Following in the footsteps of their agents were A-list clients such as Will Ferrell, Zach Galifianiakis, Ed Helms, Melissa McCarthy and Chris Pratt.
This isn’t the first time big shot agents have deserted their agencies for greener pastures and taken their clients with them, nor will it be the last. In fact, CAA was founded in 1975 when Michael Ovitz along with Ron Meyer and several other agents, abruptly departed the William Morris Agency to form their own firm. The now legendary Ari Emanuel did the same thing 20 years later to start Endeavor.
Meanwhile, changes are also afoot in how television networks want advertisers to pay for commercial time. Two major conglomerates, Time Warner and Viacom, are moving away from Nielsen ratings and offering to let advertisers pay for the “impact” their ads have through metrics such as increased brand recognition, increased loyalty program registrations and consumer engagement on social media.
Of course, we also cover the week’s top entertainment news stories including Jay-Z makes a streaming media play with Tidal, filmmaker David Lynch backs out of “Twin Peaks” reboot, and NBC selects “The Wiz” as its next live televised musical.
March 2, 2015
Last week the Federal Communications Commission approved new rules that will regulate broadband Internet service and enforce net neutrality. Just in case you’re still trying to decipher the net neutrality news, Jonathan Strickland, a senior writer for How Stuff Works, explains exactly what it is how the issue has evolved over time, starting in the 19th-century with laws designed to govern railroads.
Another hot topic in Hollywood lately has been the executive shuffle taking place at several studios. Former Fox exec Tom Rothman will take over for the recently departed Amy Pascal as head honcho of Sony Pictures, while Paramount begins its own search for a new leader after the departure of Adam Goodman.
Surely all of these moguls would be quick to assure you that Will Smith is indeed a movie star despite a few recent box office duds, yet as his latest film hits theaters news stories abound asking whether the actor can still open a movie.
Of course, we also cover the week’s top entertainment news stories including the Blade Runner sequel moves forward, Pee Wee Herman brings his playhouse to Netflix and Disney reboots Ducktales.
February 2, 2015
Distributors went on a buying spree at this year’s Sundance Film Festival not only due to the quality of the movies, but also because of new-found revenue from VOD services. We give you a rundown of the titles that were acquired, how much was spent on them and whether there is any hope they will ever make that money back for distributors.
Speaking of money, musician Sly Stone could be $5 million richer after winning a court ruling last week against his former manager who he claims withheld royalties.
Singer Sam Smith, on the other hand, won’t be trying to cheat Tom Petty out of royalties for his song, “Stay With Me”. The artist agreed the song was similar to one of Petty’s past hits and added the legendary rocker to the writing credits.
Of course, we also cover the week’s top entertainment news stories including yet another Super Bowl television ratings record, when we can expect the next “Game of Thrones” book from author George R.R. Martin, and “Empire” is becoming a much needed hit series for Fox.
January 28, 2015
Though the Sundance Film Festival has long been one of the more important festivals held each year, it was primarily known as a launching pad for American independent films and as such international attendance was minimal. That seems to have changed over the past few years as Sundance selections started receiving Oscar nominations. Now industry professionals from all over the world show up at the festival to find the next “Whiplash”, “Precious” or “Beasts of the Southern Wild”.
We didn’t have to travel from halfway around the world to attend this year’s Sundance, but we are in Park City and will fill you in on all the buzzworthy films, major acquisitions and festival news.
Meanwhile, the Producer’s Guild Awards muddied the waters in the current race for the Best Picture Academy Award. While everyone assumed “Boyhood” would walk off with the prize on its way to Oscar victory, “Birdman” swept in and unexpectedly stole it. Whether this is any indication as to how Oscar voters will cast their ballots is questionable.
Of course, we also cover the week’s top entertainment news stories including why American Idol winner Phillip Phillips is headed to court over his record contract, how James Patterson is promoting his new book and Mrs. Doubtfire is headed to Broadway.