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.
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Showbiz Sandbox 286: The 2015 Mid-Year Box Office and Music Sales Report
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.
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Showbiz Sandbox 280: French Films Win Big In Cannes This Year
May 26, 2015
The 68th annual Cannes Film Festival wrapped up over the weekend with the French drama “Dheepan” winning the Palme d’Or. In a festival filled with artistic works commenting on modern social issues, director Jacques Audiard’s film tells the story of three Sri Lankan refugees who form a family-of-convenience while fleeing to France in hopes of a better life.
Anne Thompson, Editor-at-Large for Indiewire, joins us to discuss the highs and lows of this year’s Festival de Cannes, which include many of the films that took home awards, not to mention a 3D porno. But as Thompson explains, many of the big buzzworthy films were Hollywood titles screened out-of-competition; “Mad Max: Fury Road” and “Inside Out” come to mind.
Time Warner Cable meanwhile, fresh from having broken up with their previous suitor, Comcast, may now be acquired in a $56.7 billion deal. Though this move was widely expected, it is an indicator of how the market is attempting to stay ahead of the fast changing ways by which audiences consume television content.
Of course, we also cover the week’s top entertainment news stories including the David Letterman’s signs off the “Late Show” one final time, Jennifer Lopez is taking up residency in Las Vegas for a string of shows next year, and multi-hyphenate Barbra Streisand is penning her memoirs.
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Showbiz Sandbox 278: Grooveshark Goes Down As Periscope Comes Up
May 4, 2015
Content owners seem to be locked in a never-ending game of legal Whac-A-Mole in an attempt to thwart technologies that enable copyright infringement. Last week record labels managed to shutter the music streaming service Grooveshark and movie studios were granted a court ordered injunction against Popcorn Time, which has been dubbed the Netflix of Piracy. Yet now entertainment companies are concerned about audiences live streaming television shows and movies from their mobile phones using social media apps such as Periscope.
That’s exactly what happened on Saturday during the welterweight title fight between Floyd Mayweather Jr. and Manny Pacquiao. Some viewers took it upon themselves to beam video of the boxing match by transmitting the pay-per-view broadcast through their phones.
Meanwhile on Broadway, this year’s Tony Award nominations were announced, recognizing the best and brightest new live theatre productions. We’ll give you a rundown of who was nominated and why walking off with one of the prestigious prizes can mean big profits at the box office.
Of course, we also cover the week’s top entertainment news stories including the gigantic opening of “Avengers: Age of Ultron”, a remake of “Roots” and how “Seinfeld” is earning big bucks on subscription video-on-demand.
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Showbiz Sandbox 276: Agency Wars Have A Long History in Hollywood
April 13, 2015
Even in the best of times being a Hollywood talent agent has never been an easy job. The dog eat dog nature of the agency business has never been more apparent than during the last few weeks when 11 agents suddenly defected from Creative Artists Agency, one of the industry’s leading agencies, to become partners at a rival firm, United Talent Agency. Following in the footsteps of their agents were A-list clients such as Will Ferrell, Zach Galifianiakis, Ed Helms, Melissa McCarthy and Chris Pratt.
This isn’t the first time big shot agents have deserted their agencies for greener pastures and taken their clients with them, nor will it be the last. In fact, CAA was founded in 1975 when Michael Ovitz along with Ron Meyer and several other agents, abruptly departed the William Morris Agency to form their own firm. The now legendary Ari Emanuel did the same thing 20 years later to start Endeavor.
Meanwhile, changes are also afoot in how television networks want advertisers to pay for commercial time. Two major conglomerates, Time Warner and Viacom, are moving away from Nielsen ratings and offering to let advertisers pay for the “impact” their ads have through metrics such as increased brand recognition, increased loyalty program registrations and consumer engagement on social media.
Of course, we also cover the week’s top entertainment news stories including Jay-Z makes a streaming media play with Tidal, filmmaker David Lynch backs out of “Twin Peaks” reboot, and NBC selects “The Wiz” as its next live televised musical.
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