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.
June 27, 2016
Thanks to the passage of a referendum in the United Kingdom dubbed Brexit, Britain will soon be leaving the European Union. Entertainment companies beyond those in the UK suddenly face a lot of uncertainty and confusion over deals they have already made and will be making in the months and years to come. We discuss how the Brexit vote may affect the entertainment industry.
In other troubling news, the long awaited (as in 20 years) sequel to “Independence Day” opened to disappointing box office returns. This has led to industry pundits spouting erroneous lessons Hollywood can take away from its release. Knowledgeable nuggets such as don’t wait too long to make a sequel (or did they forget about “Star Wars”) and don’t make sequels without the original star (though “Jurassic World” proved that theory wrong just last year).
We also take a look at virtual print fees or VPFs. A letter from one of our listeners asked us to clarify how small independent distributors can afford them. So, we review the history of VPFs, how they work around the world and when studios will stop paying them to theater owners.
Of course we also cover the week’s top entertainment news including a court decides that legendary rock band Led Zeppelin didn’t plagiarize its biggest hit, “Mr. Robot” gets more episodes in its second season and “Star Trek” fan films get a green light from Paramount Pictures (sort of).
May 24, 2016
This year’s Cannes Film Festival ended over the weekend with the awarding of the Palm d’Or, the festival’s top prize, to an unlikely, albeit quite solid, movie from director Ken Loach. A critically panned movie from filmmaker Xavier Dolan was given the runner up award, the Grand Prix, leaving many in Cannes baffled over how the jury made its selections. However festival director Thierry Fremaux has always said, Cannes is not set up for critics.
The Broadway season also came to a close last week earning a record $1.3 billion in ticket sales. Musical productions took in most of the revenue over the past year, though it was “The Lion King” and not “Hamilton”, which only opened in August, which ruled the box office.
Over at HBO Michael Lombardo, the longtime head of programming for the premium cable network is stepping down, whereas at Viacom Sumner Redstone has stirred up a hornets nest by ousting his longtime protogé, the company’s chief executive, from the trust that will eventually control the company.
Of course we also cover the week’s top entertainment news including whether the wave of summer blockbusters will prove to be too much competition, rumors of Adele’s massive record deal and Bill Cosby gets his day in criminal court.
August 24, 2015
After years of denying cord cutting was happening on any level, several large media companies are finally confessing that cord cutting is a growing trend which may soon affect their bottom lines. After decades of steady growth, cable operators are now beginning to see flat or declining subscriber numbers as new content streaming services pop-up.
Clearly, the business models the television industry has relied on in the past are evolving rapidly, more so than movies or theater or even publishing at the moment. Yet some industry insiders believe the cable cord isn’t being cut, but that it’s slowly fraying as the definition of what it means to be a television network has changed.
Some media companies aren’t waiting to study market indicators before making strategic moves. Last week NBCUniversal made a $200-million investment in the online news outlet Buzzfeed, leaving many to wonder how this could possibly benefit the network.
Of course we also cover the week’s top entertainment news including how boy band One Direction wants to take a break, why Spotify wants to breach your privacy and Cirque du Soleil is headed to Broadway.
July 27, 2015
A string of big budget Hollywood sequels and prequels like “Jurassic World”, “Avengers” and “Minions” have driven the 2015 summer box office nearly 15% higher than last year. And not just in the United States. Countries all over the world are reporting strong movie attendance, especially in China where homegrown productions have been the top grossing releases.
It doesn’t hurt that North American moviegoers are currently paying the highest ticket prices on record. Just ask IMAX which just reported the highest quarterly earnings in the company’s history.
It isn’t all good news for Hollywood studios however. The European Union is charging the six major distributors with antitrust violations over what regulators allege are illegal licensing contracts with cable operators. Should the EU prove their case, it could cause havoc by eradicating longstanding entertainment industry business models.
Of course we also cover the week’s top entertainment news including the Emmy Award nominations, the approval of AT&T’s merger with DirecTV, why Neil Young is yanking his music from streaming services.
July 6, 2015
With the year now half over we join the rest of the entertainment industry in reviewing how 2015 is shaping up at the box office and for music sales. As predicted, the worldwide box office is on track to set another annual record thanks in part to three blockbuster releases that have each earned more than a billion dollars.
China continues to be an ever more important movie market as the country’s box office surged more than 50% during the first six months of the year with imported titles leading the way. Meanwhile, Hollywood movies have fared better in India than in past years with two passing the billion rupee level, a well-established benchmark of box office success.
The picture isn’t as rosy when it comes to music revenue. North American album sales are down 4% and digital downloads have fallen more than 10%. The declines may be caused by on-demand music streaming which has increased 74% so far this year. Whatever the reason, Taylor Swift isn’t sweating it since her most recent album has sold more than 2 million copies this year alone.
Of course, we also cover the week’s top entertainment news stories including the Grateful Dead perform one final concert, massive layoffs at the BBC and HBO Now is a huge hit in the iTunes app store.
November 12, 2012
Two weeks ago Disney surprised everyone by purchasing Lucasfilm for a pricetag of $4 billion. Like the studio’s acquisition of Marvel in 2009, the move makes perfect sense since Disney can exploit the Star Wars franchise in films, television and theme parks. Given the quality of the prequels, it’s not hard to see why fans were relieved to hear George Lucas, the creator of the Star Wars universe, will have a limited role in the sequels Disney plans on releasing.
Speaking of lucrative franchises, the latest James Bond film, “Skyfall” was released to both favorable reviews and huge grosses. The twenty-third installment of the Bond series may earn over $1 billion at the international box office. And all without 3-D ticket surcharges.
Though audiences continue to reject paying a premium for 3-D movies in theaters, consumer electronic manufacturers report that the sales of 3-D capable televisions and Blu-Ray players is on the rise. However just because a TV can play 3-D content doesn’t mean people will take advantage of the technology.
Our former host Karen Woodward joins us for a rundown of all the top entertainment news stories from the past two weeks, including the huge sales figures from Taylor Swift’s new album, Mark Wahlberg signs on for the next “Transformers” film and CBS finally signs up for Hulu.
September 25, 2012
Geoff Boucher shocked the entertainment and media industries when he announced his resignation from the Los Angeles Times in mid-September. After all, Boucher has been credited with pioneering a new model for entertainment writers by melding print publications with both an online brand and live events; a format he’s dubbed “tradigital”. Why wouldn’t the Times want to keep him around. (They actually did).
Boucher spent 21 years at the paper, earning a stellar reputation as an entertainment feature writer and ultimately the editor of the Hero Complex, a blog covering all aspects of pop culture. In a wide ranging interview Boucher, who says he knows more about nothing than anyone, discusses his departure from the Times, how he landed at Entertainment Weekly less than a week later, and what his future plans are.
Meanwhile, the best and brightest talent on North American television was honored this past weekend at the 64th Annual Prime Time Emmy Awards. We’ve got a rundown of all the winners and a recap of the awards ceremony.
Of course, we also cover the week’s top entertainment headlines including an update on Universal Music’s purchase of EMI, electronic voting at the Oscars and how Major League Baseball is selling off its television rights for billions of dollars.
July 10, 2012
Fearing that it would restrict freedom of speech, basic civil rights and an open Internet, the European Parliament voted down the Anti-Counterfeiting Trade Agreement (ACTA) last week. The move effectively kills the international anti-piracy legislation that the Motion Picture Association of America (MPAA) and the Recording Industry Association of America (RIAA) have lobbied so hard for. We explain what ACTA’s defeat means for Hollywood and what anti-piracy measures you may be hearing about next.
It’s hard to believe piracy is affecting the entertainment industry. Music sales, which have been in a slow decline over the past decade, are actually up this year thanks to digital sales. Movie box office is also up with studios such as Disney having already earned $1 billion in North America alone.
Billion was also a number subscription movie service Netflix has been using a lot lately. Their customers watched more than a billion hours of content in June. That’s not only a new record for the company, but it would make them more popular than any U.S. cable network.
We also cover the week’s top entertainment headlines including Hollywood’s highest-paid actor, Charlie Sheen’s slipping ratings and why we won’t be seeing “Raging Bull 2” anytime soon.