Showbiz Sandbox 475: Broadway Attendance Was Up and Box Office Was (Slightly) Down in 2019
January 6, 2020
Broadway produced its second highest grossing year in history during 2019, earning $1.7 billion, just 3% down from the year before. The season still managed to set a record for attendance, selling more tickets than any other season in modern history. Indeed, during the last decade attendance at Broadway shows was up 20% as ticket prices rose a whopping 70%.
Speaking of financial figures, the worldwide movie box office numbers are still being finalized for last year but it looks as if France and China may have set new records. So did Disney, whose movies grossed $11.1 billion globally, accounting for 33% of North America’s ticket sales.
Meanwhile, the Hollywood Foreign Press Association lent their voices to this year’s awards season by handing out their Golden Globes for achievement in film and television. Despite a few unexpected winners there was no indication there choices will hold sway of the Oscars in February.
Of course we also cover the week’s top entertainment headlines including why the Kingdom of Jordan is banning a movie it helped fund, the Coachella Music Festival announces this year’s lineup and some popular works enter the public domain.
Podcast: Play in new window | Download
Showbiz Sandbox 422: Hollywood Ponders Second Chances In #MeToo Era
September 4, 2018
Nearly a year after Hollywood was rocked by a wave of sexual misconduct allegations some of those who have been accused of, and in some cases admitted to, transgressions are looking to make a comeback. This is forcing the industry to figure out if and when certain entertainers and executives deserve a second chance. There are no rules about how to handle #MeToo redemption.
Take the case of comedian Louis C.K. whose career imploded after admitting to years of sexual misconduct last November. When he turned up for an unannounced 15-minute set at the Comedy Cellar in New York last week, the response to his first public appearance was a standing ovation from those in attendance, but protest from others who think it’s too soon for C.K. to be making a return.
Meanwhile, after one of the worst summer box office seasons in over a decade in 2017, this summer’s receipts saw an uptick in North America of 14%. China too has seen its box office increase 16% since the beginning of the year. Unfortunately for Hollywood imports actually dropped by 18%.
Of course we also cover the week’s top entertainment news including how Johnny Depp’s lawsuit against his former lawyer could end the practice of oral contracts throughout the industry, Lana Del Rey pulls out of a concert in Israel and the emergence of 8K televisions.
Podcast: Play in new window | Download
Showbiz Sandbox 366: Shifting TV Viewership is Affecting Ratings, Ad Sales and Future Programming Decisions
May 15, 2017
All the major television networks are preparing their dog-and-pony shows for advertisers at this year’s upfront presentations as they look to sell $9 billion worth of commercial time for the upcoming season. However with viewership continuing to become more fractured, the industry has grown concerned that falling ratings over the past year will lead to lower ad sales. Which raises the question about just how accurate audience measurement is these days.
Networks have begun taking measures to shore up potentially weaker ad sales by demanding harder bargains from production companies, owning more of their own series and making untold fortunes internationally with certain shows. They’re also dabbling more and more with live television specials including musicals such as “A Christmas Story”.
The 70th edition of the Cannes Film Festival will also begin this week, though not without some controversy over two Netflix titles screening in competition, but not in French movie theaters. This has led Cannes to create a new rule beginning in 2018 that any film selected for the festival must have a theatrical release in France.
Of course, we also cover the week’s top entertainment news including why Spotify might abandon plans for its IPO in lieu of a direct list o the stock market, Cheryl Boone Isaacs decides not to run for another term as head of the Academy of Motion Picture Arts and Sciences and Kelly Clarkson joins “The Voice” just as ABC announces the return of “American Idol.”
Podcast: Play in new window | Download
Showbiz Sandbox 354: Why the Entertainment Industry Should Care About Net Neutrality
February 6, 2017
President Donald Trump’s selection of Ajit Pai to chair the Federal Communications Commission has moved quickly to rollback consumer protection regulations long thought to be settled; specifically net neutrality. Rules put in place to ensure an open internet allowing every company to compete on equal footing could get thrown out for ones that favor four telecom giants. That could mean record labels, movie studios, streaming music and video providers wind up paying much more to reach audiences.
In addition, Pai threw out proposed rules that would have allowed cable subscribers to purchase their set top boxes. Consumers in the United States presently pay $200 or more per year to rent such equipment putting $20 billion annually into the pockets of video providers. Will legislative bodies in other countries take similar stances in the wake of such F.C.C. moves?
This all comes as streaming music revenue has helped slow or reverse years of declining income sales for record companies. Nielsen music reports that streaming platforms provided 38% of total audio consumption in 2016, up from 23% in 2014. In fact, these days a glut of streaming music providers are trying just about everything to differentiate themselves in what has become a crowded marketplace.
Of course, we also cover the week’s top entertainment news stories including Disney’s $100 million anti-poaching settlement with animators, Oprah Winfrey joins “60 Minutes” and which media outlets have backed out of the annual White House Correspondents Dinner.
Podcast: Play in new window | Download
Showbiz Sandbox 323: Trends From the 2016 TV Upfronts
May 30, 2016
Each May all the U.S. television networks invite major advertisers and the media to New York so they can pitch all of the new and returning shows on their fall schedules. Known as the upfronts, a good chunk of the prime time advertising inventory is sold during these meetings as promotional buzz about each series commences in earnest. We’ll take a closer look at some of the big trends coming out of this year’s upfronts.
Meanwhile, a much beloved series might be starting a trend of its own by increasing viewership in its 12th season. Usually long-running shows lose audience in their latter years, however “Grey’s Anatomy” is the perfect example of how new technology can boost viewership.
Viacom and CBS are likely to have kept a close eye on the recently completed upfronts, given their dominance in television. CBS was originally a Viacom property, but was spun-off more than a decade ago. Now, amidst leadership turmoil at Viacom, there is speculation the two companies may merge, once more becoming a single entity.
Of course we also cover the week’s top entertainment news including why U.S. presidential candidate Bernie Sanders is criticizing Disney, Spotify’s big success in helping subscribers find new music and why the next James Bond film is in search of a director.
Podcast: Play in new window | Download
Showbiz Sandbox 315: China Becomes A Global Movie Superpower
March 14, 2016
In recent years, Chinese-owned companies have become the film industry’s biggest power players by scooping up production companies and cinema chains. The latest example came when AMC Theatres, owned by China’s richest man Wang Jianlin, announced it will acquire Carmike Cinemas to become the world’s largest motion picture exhibitor.
It’s easy to see why the Chinese are so hot on the cinema business given that their box office surpassed that of North America during the month of February for the second time ever. Yet if you were to ask some financial analysts, Hollywood Hollywood is starting to look like the video game industry before it imploded; bigger budgets, fewer winners and more losers. Is Hollywood about to shrivel up like Pac-Man?
Then there are those like Sean Parker, one of the founders of Napster and Facebook, who are trying to convince Hollywood that it’s time to start making big movies available in consumer’s homes the same day they hit theaters. Is there any business model in which that could actually work?
Of course we also cover the week’s top entertainment news including the authors nominated for this year’s prestigious Man Booker Prize, music sales in France plummet and Kevin Spacey won’t be heading up Relativity Media after all.
Podcast: Play in new window | Download
Showbiz Sandbox 310: Diversity Makes A Comeback At Sundance
February 2, 2016
This year’s Sundance Film Festival wrapped up over the weekend in historic fashion by awarding the dramatic competition grand jury and audience prizes to “The Birth of a Nation”, a historical biopic a Virginian slave revolt. The film made headlines earlier in the week when Fox Searchlight purchased the film for a record $17.5 million after beating out Netflix in a heated bidding war.
We’ll tell you about all the big Sundance awards and continue the Oscar season slog, in which this year’s front runners are as mixed up as a Republican presidential primary. SAG added to the confusion, making “Spotlight” this week’s hero, after “The Big Short” looked like a winner the week before.
Meanwhile the Federal Communications Commission is about to vote on ending the monopoly of set top boxes for US cable subscribers, a decision that could have big ramifications for everything from what you watch to the stock prices of numerous tech companies, including Apple and Roku.
Of course we also cover the week’s top entertainment news including Louis CK bypasses television networks and brings his new series directly to viewers, Pope Francis gets ready for his closeup in a feature film and sales of new music were outpaced by catalogue titles over the past year.
Podcast: Play in new window | Download
Showbiz Sandbox 306: Deconstructing the 2015 Movie Box Office
January 4, 2016
Few, if any, can rival Paul Dergarabedian when it comes to analyzing the film industry’s global box office. Rentrak’s senior media analyst has been running movie numbers for upwards of 20 years now and is a regularly quoted box office pundit. Dergarabedian joins us to discuss how 2015 turned into a record breaking year at the box office all over the world.
We cover everything from how the winners at last year’s box office left little for the losers to the increasing role social media plays in the fortunes of any given movie, from the importance of international grosses to the record shattering “Star Wars” sequel. One big question is how 2016 could ever top last year’s figures or if that even matters.
We wind up in the music business where lawsuits are always a good indication on the issues affecting the industry. Two big new lawsuits target Spotify and Ticketmaster. We’ll explain what they are all about… and predict if they will actually make it to trial.
Of course we also cover the week’s top entertainment news including why The Beatles agreed to put their music on streaming services, how Taylor Swift’s concert tour topped the charts last year and the sexual assault charge against Bill Cosby.
Podcast: Play in new window | Download
Showbiz Sandbox 297: Television Networks Brace For Media Measurement Mayhem
October 5, 2015
In the digital age the viewership of television content has been difficult to track across multiple platforms and devices. The announcement of a game-changing merger between web analytics firm Comscore and the TV and box office data outfit Rentrak suggests a much needed solution for cross-media ratings may soon be available.
The combination of Comscore and Rentrak would finally create a company with the deep pockets and technical expertise to legitimately take on Nielsen, the uncontested reigning king of television ratings for the last several decades. The industry welcomes such competition at a time when advertisers are clamoring for accurate audience measurement across all screens, including mobile devices.
Thanks to the increase in delayed viewing, television ratings have become near impossible to report in a timely manner. Overnight ratings have long been the standard for touting a television program’s success (or failure), but now such numbers can represent less than half a show’s total audience once DVR data is counted. This has made keeping track of who watched what when and on which devices extremely confusing.
Of course we also cover the week’s top entertainment news including the plans to the former hit series “MacGyver” a makeover, “Ghostbusters” gets animated and some of the unnecessary recipients among this year’s MacArthur Genius Awards.
Podcast: Play in new window | Download
Showbiz Sandbox 296: Entertainment Industry Numbers Are Often A Comedy of Errors
September 28, 2015
It is said numbers don’t lie, however in the entertainment business they don’t always tell the truth either. When it comes to box office grosses, television ratings, home video earnings and book sales, numbers can often present misleading or incomplete information which paint an unrealistic, or at times purposefully skewed, financial picture.
Netflix, for instance, released data detailing what they claim is the episode when their customers get hooked on a television series. However, the “hook study” performed by the subscription video streaming service was limited in scope and may simply be an example of how good Netflix is at spinning its numbers into great PR opportunities.
Meanwhile, like every other area of the entertainment industry, the book world has been rocked by the digital revolution. But publishers believe the business is leveling out based on sales figures which leave out large segments of the market. None of this explains why e-books cost more than paperbacks though.
Of course we also cover the week’s top entertainment news including Amy Schumer’s big book advance, a lawsuit over the movie “Goodfellas”, which Warner Bros. says was a huge flop, and the Harry Potter origin story will become a two part theatrical production on London’s West End.
Podcast: Play in new window | Download
