August 12, 2013
For the past two weeks Time Warner Cable has been blacking out CBS networks in New York, Los Angeles and other major markets over a retransmission dispute. Despite losing more than 3 million households ratings on CBS have remained steady giving the network no reason to back down from its demands. With the new television and football seasons set to begin in September Time Warner Cable may have no choice but to cave in to CBS’ terms.
Meanwhile, this summer’s blockbuster movies continue to underperform at the box office with Disney announcing they may have to take a $190 million write down on losses from “The Lone Ranger”. Actor Johnny Depp and producer Jerry Bruckheimer have figured out who to blame for the movie’s failure; vengeful American film critics.
After being publicly trashed by George Clooney, activist investor Daniel Loeb was unable to convince Sony to spin-off its entertainment divisions. Even so, Loeb says he’s pleased since the company’s stock price is up and its management more accountable to shareholders.
Of course we also cover the week’s top entertainment news including a lost film from Orson Welles, a new ending for the “Finding Nemo” sequel and the surprising new owner of The Washington Post.
November 26, 2012
The rights to broadcast Major League Baseball games through 2021 were recently scooped up by ESPN for a cool $5.6 billion. That’s nothing compared to the $15.2 billion the network will be paying the NFL for “Monday Night Football” over the next eight years. Now News Corp. has coughed up billions for a stake in the New York Yankees network and are on the verge of paying a rumored $6 billion for the rights to air Los Angeles Dodger baseball games for 25-years. Some cable operators are now saying the skyrocketing costs of sports programming is out of control and unrealistic.
Since we’re talking about billions of dollars, we may as well mention Sony Pictures. Thanks to films such as “The Amazing Spider-Man” and “Skyfall” the studio has taken in more than $4 billion worldwide this year at the box office. Lionsgate isn’t doing too bad either, earning $1 billion with releases such as “Hunger Games” and “Twilight Saga: Breaking Dawn”.
In fact, the North American box office is on pace to set a new record this year, much like the grosses recorded over the Thanksgiving holiday weekend. The $290 million was a new high for the four day period.
Of course, we also cover all the big entertainment headlines from the past two weeks including the ongoing sexual abuse scandal rocking Sesame Street, the death of actor Larry Hagman and NBC’s big win during the November sweeps.
September 4, 2012
Entertainment reporter Patrick Goldstein surprised everyone two weeks ago in announcing he was leaving the Los Angeles Times after 12 years. His column, The Big Picture, was a must read for anyone in or just following the industry. Goldstein joins us to discuss his departure from the Times, the state of the movie business and where we might be able to read his work in the future.
If one were to look solely at box office alone, they wouldn’t be faulted for believing the film industry was in dire straits. Though receipts were only down 3% to $4.2 billion this summer, movie attendance dropped to a 20 year low in North America.
Televised sports, on the other hand, isn’t having any trouble attracting an audience. In fact, cable networks can’t seem to pay enough for the broadcast rights to sporting events as ESPN proved by signing a multi-billion dollar deal with Major League Baseball.
Of course, we also cover the week’s top entertainment news including why Bruce Willis is mad at iTunes, MTV cancels “Jersey Shore” and how you’ll be able to play, but not hear, Beck’s latest music.