September 1, 2014
Listening to the chorus of industry naysayers or reading all the media reports might lead you to believe this year’s summer movie season was a complete financial disaster from which Hollywood could not recover. Granted, North American box office declined 15% from the same period last year, marking an 8 year low, and attendance was off by 5%. Even so, there were no huge flops over the summer and certainly none that would send a shiver down the spine of studio execs.
In fact, most of this summer’s releases will make money when international receipts are added to their theatrical grosses. The only problem with that, as Ben Fritz of the Wall Street Journal points out, is that not all box office dollars are counted equally when they are earned overseas.
We’ll also discuss how giant telecom companies are trying to maintain their stranglehold on the Internet in the United States by preventing cities from offering broadband to residents as a public utility. Such legal skirmishes are becoming more important as we move toward streaming services for movies and music.
Of course, we also cover the week’s top entertainment news stories including a new children’s book written by Bruce Springsteen, the first woman ever chosen to head the BBC and a King Arthur movie franchise may finally become a reality.
July 29, 2014
Whether it’s movies streaming online before they premiere in theaters, the never-ending retransmission dispute between television networks and cable companies or the dwindling number of book retailers, how media companies are distributing their content has never been more in flux.
The Weinstein Company released their critically acclaimed release “Snowpiercer” on VOD just two weeks after the film opened in cinemas. Then they agreed to let “One Chance”, a biopic of talent show winner Paul Potts, stream free on Yahoo! ten days before the movie opens in the United States.
Meanwhile, rather than sell you books, Amazon is hoping you’ll be willing to pay a monthly fee for their new e-book subscription service. The only problem is the service’s limited selection (not to mention the company’s inability to make a profit), making us wonder whether such a business model is viable.
Of course, we also cover the week’s top entertainment news stories including how Weird Al Yankovic’s album wound up at the top of the sales charts, the Emmy’s snub broadcast networks and Garth Brooks comes out of retirement.
June 16, 2014
An infamous entertainment industry journalist who causes Hollywood executives to break into cold sweats is back on the interwebs. Nikki Finke, the founder and former editor of Deadline Hollywood whom the New York Times once dubbed “a digital-age Walter Winchell”, launched her new website last week. Using her trademark brash and personal writing style, Finke admits she is ready to spill some show business blood.
Amazon appears to be just as aggressive as Finke when negotiating with their suppliers. First the online retailer started making it difficult to purchase books from the publisher Hachette. Now they’re taking the same approach with Warner Bros. movies as they come to a new agreement with the studio. According to PriceWaterhouseCoopers we’ll all be buying more of our media on digital platforms rather than physical ones anyway.
The platform the Metropolitan Opera cares most about is the stage. However New York’s opera company is weathering some tough negotiations of its own as it tries to balance big salaries with a shrinking endowment. A recent tax filing has revealed the Met’s inner financial workings, including some of the hefty salaries it pays to employees and performers.
Of course, we also cover the week’s top entertainment news stories including Matt Lauer extends his contract at NBC, Bjork gets selected by the Museum of Modern Art and actor Harrison Ford takes that “break a leg” saying to a whole new level on the set of the new Star Wars movie.
May 27, 2014
Turkish director Nuri Bilge Ceylan took home the Palm d’Or at this year’s Cannes Film Festival for his movie, “Winter Sleep”. The slow-paced character drama set in a picturesque corner of Apollonia faced stiff competition from Xavier Dolan’s “Mommy”, Andrey Zvyaginstev’s “Leviathan” and even Jean-Luc Godard’s latest film. Overall, this year’s festival managed to surpass everyone’s already high expectations.
As May draws to a close, so too does this past year’s television season. Scripted series continue to gain significant viewership when accounting for delayed viewing, but what’s most noticeable about this year’s top 20 ratings winners is how long-in-the-tooth some of the shows are.
Meanwhile, the final cost of finishing “Fast & Furious 7” after the death of actor Paul Walker last November has yet to be tallied, however it’s shaping up to be one of the most expensive insurance claims in motion picture history.
Of course, we also cover the week’s top entertainment news stories including some creative differences at Marvel, Amazon’s silent war with publishers and the Supreme Court’s decision in an important copyright infringement case.
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.
March 31, 2014
Every spring movie theater operators from around the world converge on Las Vegas to attend CinemaCon. During the week-long convention cinema owners are bombarded with industry facts, attendance figures, educational seminars and endless footage from upcoming releases. Over the years advances in digital projection have become an increasingly important topic at the show.
It’s no secret that cinemas have been slowly converting their facilities from traditional 35mm projection to digital. There was no better indication that the days of celluloid film prints are definitely over than the number of vendors at CinemaCon demonstrating the next generation of digital technology, including immersive sound and laser projectors.
When it comes to live theater, there is no doubt that New York’s Broadway and London’s West End are the leaders of the pack. Our own Michael Giltz reviews his previous predictions and investment advice by recapping the past year’s biggest money making productions, as well as a few financial losers.
Of course, we also cover the week’s top entertainment news stories including the fall of “Duck Dynasty”, a decline in paid cable subscribers and Oprah Winfrey’s plans for a national tour.