Showbiz Sandbox 289: In Hollywood Fame and Fortune Is Often Relative
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.
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Showbiz Sandbox 276: Agency Wars Have A Long History in Hollywood
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.
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Showbiz Sandbox 271: A Brief History of Net Neutrality
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.
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Showbiz Sandbox 267: VOD Helps Heat Up Sundance
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.
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Showbiz Sandbox 266: Sundance Becomes A Little More International
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.
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Showbiz Sandbox 265: This Year’s Oscar Nominations Aren’t Only Racist, They’re Anti-Lego
January 20, 2015
While debating Oscar nomination snubs has become an annual tradition, the criticism over this year’s list of nominees had to do with racial bias and a lack of diversity. Specifically, a film about civil rights activist Martin Luther King Jr. was nominated for Best Picture, but its female director and lead actor, both black, were surprisingly overlooked.
Yet few seemed to notice is that “Selma”, the film in question, is only the twelfth film directed by a woman to receive a Best Picture nomination in the 86 year history of the Academy Awards. On only four occasions has the filmmaker also been nominated for Best Director. And six of these movies were nominated during the last 10 years, pointing towards a positive trend for female helmers.
Also under represented in the Best Picture category at this year’s Oscars are hit movies. Sure, all of the nominees were successful, but only “American Sniper” earned big bucks at the box office. If only Legos were eligible to vote… maybe they’re film would have been nominated for Best Animated Feature.
Of course, we also cover the week’s top entertainment news stories including Barbara Streisand’s latest platinum album, Amazon’s move into theatrical film distribution and why James Cameron is delaying the “Avatar” sequels to 201.
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Showbiz Sandbox 259: Sony Hack Reveals Hollywood’s Digital Dilemma
December 1, 2014
Digital technology helped Hollywood significantly reduce the production cost of movies that overflow with stunning visual effects. One major downside to such technological advances is how easy it has become to steal, duplicate and distribute pristine copies of digital content. Movie studios were reminded just how vulnerable they are after a cyberattack against Sony Pictures resulted in several upcoming films being leaked online.
Netflix, on the other hand, delivers digital content legally, even if some of its subscribers happen to be access the service surreptitiously from countries where the company doesn’t operate. Netflix announced it would be launching soon in two such countries; Australia and New Zealand.
On Broadway meanwhile, productions are gearing up for what is usually a busy holiday season. A few new musicals however are off to slow starts. We’ll give you a rundown on how all the shows are doing and which are worth seeing.
Of course, we also cover the week’s top entertainment news stories including Russia’s proposed boycott of Hollywood movies, why Hasbro ditched Dreamworks Animation and how Apple intends to bundle Beats Music.
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Showbiz Sandbox 252: Crouching Netflix, Hidden IMAX and the Myth of Broken Release Windows
October 6, 2014
The Weinstein Co. stunned the entertainment industry last week by announcing they would distribute the sequel to “Crouching Tiger, Hidden Dragon” simultaneously on Netflix and IMAX. As Brooks Barnes of the New York Times explains, the plan only has one problem; movie theaters refuse to show any film that opens day-and-date on home video or video-on-demand. This begs the question, if a movie never opens theatrically, was it’s release window really broken?
Netflix continued to make additional headlines later in the week by signing a deal with actor Adam Sandler to make four original movies for the streaming service. We discuss whether Netflix is changing the Hollywood paradigm or simply becoming one more buyer of premium content.
While Netflix is leaning into the future, director Christopher Nolan is taking a more old fashioned approach by releasing his upcoming movie on actual film. Select theaters showing “Interstellar” on analogue celluloid will get the film two days early. But will theater owners, who recently converted to digital cinema, still know how to thread a 35mm projector?
Of course, we also cover the week’s top entertainment news stories including the death of Saturday morning cartoons, why U2 released their latest album on vinyl and how Facebook is helping “Twilight” live on through a series of short films.
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Showbiz Sandbox 251: In the Digital Age, Content Rights Are King
September 29, 2014
Whether an illustrator creating legendary comic book characters for Marvel or a 1960’s pop group that hasn’t had a hit in decades, owning the rights to the content one produces has never been more important thanks to emerging digital distribution platforms. Unfortunately, determining who owns the rights for specific content is becoming increasingly more difficult.
For example, last week’s landmark court ruling against satellite radio provider Sirius XM could mean the company has to start paying public performance royalties on pre-1972 sound recordings. The case has huge copyright implications not just for Sirius XM, but also to streaming radio services like Pandora.
Access to content is likely the reason Softbank is making a play to acquire DreamWorks Animation. Should a deal be struck then only time will tell whether there is actually any synergy between the animation studio and the Japanese conglomerate.
Of course, we also cover the week’s top entertainment news stories including the approval of drones for film production, new stars for the upcoming season of “True Detective” and remixing actor Stephen Fry’s new memoir.
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Showbiz Sandbox 236: Getting Sleep At This Year’s Cannes Film Festival
May 19, 2014
It’s the middle of May so that must mean it is once again time for the Cannes Film Festival, one of the most anticipated and prestigious annual events of the international film industry. This year’s Festival du Film is stocked with titles by auteurs considered to be the world’s crème de la crème. Whether it’s a selection from festival favorite Ken Loach or a timely political movie from Malian director Abderrahmane Sissako, we’ll tell you all about the films that have been hits with the critics and attendees.
Meanwhile, cable and broadcast networks held their annual upfronts in New York last week to announce which series we’ll be watching next season (and which ones they’ve cancelled). The question is with most of the networks moving toward year round programming, are upfronts still an effective method to sell advertising.
The Federal Communications Commission finally published their open internet notice last week managing to please just about nobody. This comes as media companies continue to consolidate with AT&T announcing their plans to purchase satellite TV provider DirecTV.
Of course, we also cover the week’s top entertainment news stories including this year’s Eurovision Song Contest winner, labor disputes at the Metropolitan Opera and Conan O’Brien’s contract gets renewed.
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