January 6, 2015
There’s no getting around the fact that 2014 was a financially dismal year for the entertainment business. Movie box office, home video revenue and music sales were all down significantly in most territories. The only bright spot might be television ad sales which grew slightly, albeit at lower level than originally forecast.
Statistically speaking the numbers don’t look good. Movie attendance plummeted to the lowest levels since 1995. Home video returns decreased nearly 2%, despite a rise in digital downloads. Music sales continued their global decline as more consumers turn to streaming services.
Industry-watchers are predicting that, except for box office, 2015 could produce the same mixed results for entertainment companies as digital technologies keep disrupting longstanding business models.
Of course, we also cover the week’s top entertainment news stories including the most pirated TV shows and movies of 2014, how One Direction became the year’s top concert draw and an update on the Sony Pictures cyber attack.
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.
October 28, 2013
There was a time if a Hollywood studio pushed back the release date for one of its eagerly anticipated titles it signaled the movie might be in trouble. If there was ever a sign that such stigmas no longer apply when delaying a release date, one need look no further than this year. An overly crowded and competitive awards season has meant the release dates for a number of high-end hopefuls have been wisely pushed into 2014, including “Monuments Men”, “Foxcatcher” and “Jack Ryan: Shadow Recruit”.
Distributors in China, Japan and South Korea may soon have to start worrying about release dates too. Box office is surging to record levels in Asia, thanks not to Hollywood blockbusters, but rather homegrown productions.
If it were up to consumer electronics manufacturers, we’d all be watching movies at home on our new 4K Ultra HD televisions. Broadcasters, burned by the original conversion to HD and a string of 3D experiments, want to know who is going to foot the bill this time around.
Of course, we also cover the week’s top entertainment news stories including the new, yet familiar, writers taking on the “Star Wars” sequels, YouTube gets into the music streaming business and Netflix wants to make original movies.