Showbiz Sandbox 555: Modern Media Consumption Metrics Are A Big Mess
September 14, 2021
Keeping track of television ratings, streaming viewership and music revenue has become a hopeless task in the digital age. Everyone is mad at Nielsen though how can they realistically capture all the eyeballs content on TVs, phones, laptops and tablets? Meanwhile, Billboard keeps changing the formula they use to count album sales by working in various flavors of streaming. What the most popular shows, movies, albums or songs are at any given moment has become impossible to decipher.
The good news is, according to new data from the Recording Industry Association, music revenue for the first half of 2021 grew $1.5 billion driven by music streaming, which accounted for 84% of the $7.1 billion earned.
Of course we also cover the week’s top entertainment headlines including an executive shakeup at Paramount Pictures, the outcome of Apple’s epic legal battle and the Venice Film Festival kickstarts this year’s awards season in a big way.
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Showbiz Sandbox 492: Hollywood Players Battling Pandemic… And Each Other
May 5, 2020
Even when times are good and profits are up, some of Hollywood’s biggest stakeholders don’t always get along. For over a year now the Writers Guild of America has been duking it out over television packaging fees with the Association of Talent Agencies, suing three of its largest members; United Talent Agency, William Morris Endeavor and Creative Artists Agency. Entertainment attorney and Hollywood Reporter contributing editor Jonathan Handel fills us in on the latest court rulings in the dispute and why things aren’t looking good for the WGA.
Meanwhile, cinema operators were already upset with Universal Pictures for releasing “Trolls World Tour” via premium video on demand, skipping a theatrical release due to the coronavirus pandemic. Now the studio announced plans to release its future movies on PVOD at the same time as they hit theaters, causing a few chains to boycott Universal’s titles. Film distribution veteran Jim Amos of Scout 53 breaks down the argument for us and tells us how he thinks it will be resolved.
Of course we also cover some of the week’s top entertainment headlines including new rules for the Oscars, global music industry revenue continues to grow (for now) and without sports to broadcast should ESPN still be charging cable subscribers?
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Showbiz Sandbox 474: YouTube and Facebook Curtail Their Streaming Subscriptions
December 30, 2019
Facebook and YouTube might be giants in technology and media, but they have both decided to sit out the streaming wars. Sure, they’re spending $1 billion per year producing original content but pales in comparison to what the Apples and Amazons and Peacocks and HBO Maxes of the world are shelling out for new content. So, Facebook and YouTube have decided to keep their video offerings free and ad-supported.
As 2019 comes to a close with one of the biggest movie-going weeks of the year it looks as if the industry will end a semi-happy note, with record international box office, perhaps a new worldwide box office record and the second biggest North American haul in history.
Meanwhile, China added another 8,800 movie screens this year, bringing the country’s grand total to a titch under 69,000 in all. And most of the hits playing on those screens are Chinese films and that’s just the way the government wants to keep it.
Of course we also cover the week’s top entertainment headlines including why Universal Pictures may have released a new version of “Cats” after it was already in theaters, live news and sports dominates the year’s basic cable ratings and Spotify gets out of politcs.
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Showbiz Sandbox 393: Disney Acquisition of Fox Underscores Hollywood’s Digital Transition
December 18, 2017
In one of the largest deals Hollywood has ever seen, the Walt Disney Company announced it had agreed to buy most of 21st Century Fox in a transaction valued at $66.1 billion. Disney will scoop up Fox assets that include 20th Century Fox film and TV studios, 300 cable channels, 22 regional sports networks, control over the Hulu streaming service and a stake in Sky. Fox will keep its news, sports and broadcast networks, as well as its publishing empire.
The move underscores how movie studios have become an intellectual property business where scale matters. Rupert Murdoch feared Fox never scaled properly to compete in the age of digital on-demand consumption of content and that his company was at the peak of its value. Selling a portion of his empire also avoids a family power struggle over who would take control of the company once he steps down.
Meanwhile, the first award nominations from a guild have arrived courtesy of the Screen Actors Guild. And the Library of Congress added 25 new works to the National Film Registry, including fiction and documentaries, features and shorts. We’ll discuss what significant works they’ve enshrined.
Of course we also cover the week’s top entertainment news including the FCC officially ditches net neutrality regulation, the Rock and Roll Hall of Fame announces this year’s entries and why Norway is switching off FM radio.
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Showbiz Sandbox 388: Contemplating A Fox In The Mouse House
November 13, 2017
The Walt Disney Company reported earnings for the past year fell 1% as media networks help drag down profits. With revenue from its sports network ESPN declining, the entertainment conglomerate is now looking to get even bigger through acquisitions that will bolster its streaming media service. Specifically, Disney has been eyeing key assets of 21st Century Fox’s film and television holdings.
As the media landscape shifts, becoming more fractured, so too have the ways in which content such as movies and television shows is monetized. In an age where new entrants make their money selling electronic devices (Apple) or other products (Amazon) it would appear that size matters. Thus the reason investors are bullish on a deal between Disney and Fox.
Once again we can not avoid discussing the sexual harassment allegations that have erupted in Hollywood and started to spread into other industries, even politics. With each passing week another celebrity or power player sees their life fall apart amidst accusations of misconduct. The latest is comedian Louis C.K. who says the claims against him are all true.
Of course we also cover the week’s top entertainment news including Taylor Swift’s latest album shattering sales records, Jennifer Anniston starring in Apple’s first scripted television series and Vanity Fair names a new editor-in-chief.
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Showbiz Sandbox 384: NBC Has A Big Megyn Kelly Problem
October 16, 2017
NBC forked over millions of dollars to steal Megyn Kelly away from Fox News and then realized they had nowhere to put her. First the network gave Kelly a primetime news show opposite the ratings powerhouse 60 Minutes. When that move prove disastrous NBC shoehorned Kelly into the third hour of their hit morning program, “Today,” only to see the shows ratings plummet.
Marc Berman, the editor-in-chief of Programming Insider, joins us to analyze what went wrong with bringing Kelly to NBC, why putting a former political news anchor into a morning show was a bad fit, and what the network can do to save the “Today” show before Kelly brings down ratings any further. Berman believes if NBC doesn’t act soon, they could get lapped by the likes of CBS.
Speaking of public implosion swof media fixtures, the Harvey Weinstein scandal has moved beyond the movie mogul himself to encompass a culture of sexual harassment that pervades Hollywood. We’ll discuss a plausible idea that Hollywood could take toward ending such behavior.
Of course we also cover the week’s top entertainment news including how Spanish language network Telemundo is gaining ground on its rival Univision, why the ratings of a CW show were significantly boosted by binge viewing on Netflix and YouTube views may soon be included in determining Billboard’s weekly music charts.
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Showbiz Sandbox 379: Springsteen and Swift Beat Scalpers and Fans Pay The Price
September 4, 2017
New technology from Ticketmaster is allowing the likes of Taylor Swift and Bruce Springsteen to combat scalpers and sell tickets to legitimate fans. But at what cost? Swift is asking concert-goers to pay $63 for a physical copy of her latest album to get better seats and the ticket prices for Springsteen’s Broadway residency top out at $850.
Maybe these prices are simply musicians trying to make up for the earnings they’ve lost in record sales over the past 15 years. According to a new report from Goldmany Sachs though, the music industry is poised for explosive, make that historic; no, make that unbelievable growth. And we don’t believe it.
Meanwhile, as the summer moviegoing season in North America end in a thud with box office plummeting to record lows, bring the shares of major movie theater chains down with them. But are ticket sales the real reason behind the stock sell off.
Of course, we also cover the week’s top entertainment news including how Facebook is taking on YouTube with video content, “The Simpsons” lay off their beloved composer after nearly 30 years and a study says millennials are fleeing terrestrial radio.
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Showbiz Sandbox 378: ESPN Goes Looking For Some Fights
August 28, 2017
In the midst of a blockbuster boxing match viewed around the world between welterweight champion Floyd Mayweather Jr. and MMA champion Conor McGregor, ESPN announces they spent a small fortune to secure the worldwide rights to future bouts. The network plans on providing access to the fights on their recently announced streaming service, with ESPN even getting a potential piece of any fights that go the pay-per-view route.
The Mayweather vs. McGregor match was faulted for causing the North American box office to dip to it’s lowest level in 16 years this past weekend. In fact, box office receipts which will not surpass $4 billion for the first time since 2006 thanks to an attendance decrease of 25%. Maybe MoviePass, a subscription moviegoing service, will help fill cinemas now that they’ve lowered their price to $10 per month.
Meanwhile “Handbook for Mortals” took the young adult book genre by storm over the last week, and not in a good way. The debut novel topped the New York Times bestseller list for that genre its first week out without anyone ever having heard of the book or its unknown author. Controversy ensued.
Of course, we also cover the week’s top entertainment news including why the issue of on-set safety has gotten a lot of attention after Tom Cruise got injured making the next Mission: Impossible movie, the big editorial changes at the Los Angeles Times and how “The Walking Dead” has inspired another lawsuit.
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Showbiz Sandbox 377: Disney Breaks Up With Netflix To Launch Solo Streaming Service
August 14, 2017
After years of licensing their movies to Netflix, Disney announced last week that it will be launching their own streaming service when their current deal expires. Then in a true reordering of the media landscape, Disney also revealed it will be creating a standalone subscription streaming service for ESPN. Realistically though Disney might be one of the few entertainment companies that could successfully pull off direct-to-consumer strategy on such a grand scale.
Perhaps Disney felt threatened by content distributors like Netflix and felt compelled to make a move. After all, just days after making their announcement Netflix said it had lured producer Shonda Rhimes away from Disney’s ABC Studios to make original programming for its own service. Netflix also stole hitmaker Chuck Lorre away from CBS and cut a deal with the Coen Brothers to make one of their next projects.
Meanwhile, there’s lots of drama on Broadway, literally and figuratively. Everyone is talking about the collapse of the musical “Natasha, Pierre and the Great Comet of 1812,” which has charges of racism, unprofessionalism and bad management swirling around it. Now the show is closing long before its $12 million budget was recouped.
Of course, we also cover the week’s top entertainment news including how Warner Music Group posted big revenue gains thanks to streaming, Bruce Springsteen heads to Broadway and the emergence of a new Chinese media magnate.
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Showbiz Sandbox 368: Virtual Reality is a Big Winner at the Cannes Film Festival
May 29, 2017
This year’s Cannes Film Festival came to an end over the weekend with the Palm d’Or being awarded to “The Square”, a comedy with socio-political overtones directed by Sweden’s Ruben Östlund. Sofia Coppola won the award for Best Director for “The Beguiled”, only the second time in the festival’s 70-year-history the prize went to a woman.
Though critics found the films selected by Cannes programmers to be underwhelming this year, there was unanimous praise for a virtual reality project created by director Alejandro González Iñárritu which was installed at the festival. We’ll take you inside the unique VR experience and tell you why the fuss being made over it is legitimate.
Meanwhile, this year’s upfronts were held over the past two weeks giving us a pretty good picture about the state of modern television. Here’s the question, if we are presently in the era of peak TV, how come all the new shows networks are trotting out seem so boring.
Of course, we also cover the week’s top entertainment news including the controversy over a women-only screening of “Wonder Woman,” Katy Perry signs on to judge the “American Idol” reboot and Steven Soderbergh returns to the directing movies… as we predicted.
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