Showbiz Sandbox 621: Summer Box Office Is Much Cooler Than Expected
July 4, 2023
In a year which boasted a bevy of summer blockbusters, moviegoers haven’t been turning up at theaters for some of the more highly anticipated releases. Instead, big budget titles such as “The Little Mermaid,” “Elemental,” “The Flash,” and even “Indiana Jones and the Dial of Destiny” among others have all had underwhelming opening weekends. Is depressed movie attendance a temporary trend or is it the new normal?
Meanwhile, when SAG-AFTRA extended their contract negotiations with producers into July Hollywood averted a dual strike with both actors and writers walking picket lines. The ongoing writers strike is already causing studios to shift release dates back by months if not years.
Of course we also cover the week’s top entertainment headlines including the Academy sets new rules for the Best Picture Oscar, big name directors make their case for the Turner Classic Movies network and Ryan Seacrest takes over as host of “Wheel of Fortune.”
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Showbiz Sandbox 499: The Problems Facing Movie Theaters After They Reopen
June 23, 2020
Though the COVID-19 pandemic is far from over, cinemas around the world are making plans to reopen having to take health and hygiene into consideration. In laying out their new safety protocols some theater chains are stumbling in how they make moviegoers feel comfortable with the idea of returning to the cinema. Yet, the real challenges facing exhibitors will come after they reopen.
Then there is the uncertainty of what new movie releases will be available once theaters do turn on their lights, Titles such as Christopher Nolan’s “Tenet” keep getting delayed as large markets such as China are showing no signs of reopening cinemas.
Of course we also cover some of the week’s top entertainment headlines including how BTS made millions performing a concert despite nobody showing up in person, DC Comics gets into podcasting and a popular video game sets a new standard for making the medium accessible to disabled people.
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Showbiz Sandbox 482: Entertainment Industry Facing Coronavirus Challenge
February 24, 2020
For the past four weeks the Chinese government has mandated that all of its cinemas remain closed in hopes of preventing further spread of the Coronavirus, also known as COVID-19. Not that anyone would actually show up even if movie theaters were open since a majority of China’s population are avoiding public venues and gatherings. Having the second largest movie market in the world out of business for so long will surely affect the global box office, not to mention release dates.
As the Coronavirus reaches other countries and turns into a full-blown pandemic, cinemas in Northern Italy are shutting their doors in the wake of infestations and the popular Korean boy band BTS moved a press conference for its upcoming album to an online only event, rather than meet journalists in-person.
In the United States, the popular indie-cinema chain Alamo Drafthouse launched its own long-awaited subscription plan. We debate the merits of Alamo’s new program and what theater operators need to consider when adopting such a scheme.
Of course we also cover the week’s top entertainment headlines including soaring occupancy rates for Broadway productions, the United Kingdom embraces streaming in earnest and HBO Max will launch with a reunion of “Friends.”
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Showbiz Sandbox 480: “Parasite” Infects the Oscars With Historic Win
February 10, 2020
Though many Academy Awards pundits believed that “1917” would win the Oscar for Best Picture, the prize went to filmmaker Bong Joon-ho’s “Parasite.” Anne Thompson of Indiewire joins us to explain how the industry united behind the South Korean film, giving it four top Oscars, in a historic win; the first foreign language film to ever win the Best Picture Oscar.
Surely none of the Oscar winners will be getting a bump at the box office in China, even if they managed to get a release date. Movie theaters have been closed for the past three weeks due to a coronavirus which has completely upended which films will get into cinemas and when in a tight calendar they’ll reach audiences.
Meanwhile, the WGA overwhelmingly approved their demands for the upcoming contract talks with producers and studios. The existing contract is set to expire in the middle of this year and just about everyone in Hollywood is expecting and gearing up for another writers’ strike.
Of course we also cover the week’s top entertainment headlines including why manufacturing vinyl records might get a lot harder, how YouTube is raking in revenue and Disney plans on bringing the Broadway musical “Hamilton” to movie theaters.
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Showbiz Sandbox 476: Four Movies Top This Years Oscar Nominations
January 14, 2020
When the nominations for the 92nd Annual Academy Awards were announced on Monday morning, for the first time in history four films wound up earning ten or more nods; “1917,” “The Irishman,” “Joker,” and “Once Upon a Time… in Hollywood.” While the media will focus on who was snubbed or the lack of diversity among nominees, the real story is just how wide open this year’s highly competitive Oscar race truly is.
Will this be the year that Netflix wins a Best Picture trophy? They wound up earning more total nominations than any other studio (or streamer). As well, a record 62 women received nominations, though filmmaker Greta Gerwig was overlooked as a director for “Little Women”.
Meanwhile, as CES wrapped up in Las Vegas last week a new standard could make televisions a lot friendlier when it comes to showing movies. And Jeffrey Katzenberg showed up to tout his new short-form video streaming service.
Of course we also cover the week’s top entertainment headlines including “Hamilton” closes in Chicago after earning $400 million, some drama in the romance literary world and streaming music hits an all time high.
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Showbiz Sandbox 418: Fighting For Control of His Company, CBS Head Les Moonves Is Now Fighting to Keep His Job
July 30, 2018
The challenge for CBS of fending off an unwanted merger with its parent company, Viacom, was made all the more difficult last week when the New Yorker published a story in which the broadcaster’s longtime CEO, Les Moonves, was accused of sexual misconduct by six women. The company now has to determine how to handle the allegations not only of Moonves, an influential executive who is credited with CBS’s success, but also the claim that a culture of sexual harassment exists throughout the organization.
Speaking of companies that are having chaotic weeks, MoviePass seems to be on the brink of collapse (i.e. bankruptcy). Apparently they ran out of money, borrowed $5 million to keep the lights on, changed their rules again and decided pretty much no one gets to see “Mission Impossible”.
The turmoil for some entertainment and tech companies extends beyond their own walls all the way to Wall Street where stock prices have become volatile and seem to defy any sense of logic. Shares of companies with solid profits have plumeted, while at the same time the prices for those losing money, like Spotify, have risen.
Of course we also cover the week’s top entertainment news including producer Kenya Barris’ nine-figure deal with Netflix, Jeffrey Katzenberg raises $1 billion for a new entertainment venture and “Hamilton” may soon be headed into movie theaters, but not how you might expect.
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Showbiz Sandbox 403: Justice Department Makes Its Case Against AT&T-Time Warner Merger
March 12, 2018
As the Department of Justice prepares for its antitrust trial to prevent the merger of AT&T and Time Warner, they are submitted a brief to the court claiming the outcome of the case shape how video-content is delivered in the United States for years to come. They believe the merger will stifle competition, prevent competitors from entering the market and ultimately disadvantage consumers. If the government succeeds in court, could they go after Comcast NBCUniversal next?
Meanwhile, even though the Academy Awards were last week, Academy Award preferential balloting, there is still some debate over the preferential balloting system used to select Best Picture. Does the method lead to a consensus choice rather than the film most people voted for in the first place? Certainly, complaints about Best Picture winners are not new, nor is preferential balloting, which was first used at the Oscars n 1934.
The Fox television network plans on cutting advertising on its primetime lineup down to two minutes per hour by 2020. This comes as NBC and CBS recently announced similar ad-limiting initiatives. Why are TV networks suddenly so keen to dump their lucrative advertising and how will they make up that lost revenue?
Of course we also cover the week’s top entertainment news including how “Hamilton” has conquered the West End in London, e-sports turns into a billion dollar business and Facebook will broadcast Major League Baseball games this season.
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Showbiz Sandbox 394: A Golden Globes Ceremony With Perfect Timing
January 8, 2018
Amid a sea of black dresses and black tie Hollywood held its first big annual event of the #metoo age as the Golden Globes became a platform for the industry to speak out on gender inequality. The highlight of the evening came when Oprah Winfrey delivered a rousing acceptance speech for an honorary award that had everyone wondering whether she plans on running for president in 2020.
Meanwhile, estimated financials for 2017 are being tallied and it looks as if the global box office set new highs, thanks in part to the Chinese market which is still rising sharply. In North America however, attendance reached a low that hasn’t been seen in decades generating receipts that declined only slightly.
And just as a new wave of lawsuits threaten to swamp Spotify, the music streaming service looks to cash in with one of the largest direct public offerings ever. Apple music is still trying to catch up to Spotify’s 70 million paying subscribers as Jimmy Iovine, one of their key executives, is reportedly stepping down this summer.
Of course we also cover the week’s top entertainment news including Broadway’s record breaking year, Lady Gaga heads to Las Vegas and John Legend becomes a savior.
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Showbiz Sandbox 380: Hollywood Gets Pummeled by Rotten Tomatoes
September 12, 2017
With North American box office declining 15 percent over last year, Hollywood suffered its worst summer box office in 20 years. One main reason, studios believe, is the popularity of the movie review aggregation website Rotten Tomatoes, which brands titles as either “fresh” or “rotten”. The site has become so influential studios now try and game the system by handpicking critics for certain releases.
Disney, on the other hand, isn’t waiting for reviews to be in on its latest Star Wars movies before tweaking them. “Episode IX” is just the latest to lose its director over creative differences with Lucasfilm, which is quickly gaining the reputation as a tough place to be a filmmaker.
Meanwhile, one of North America’s largest brick-and-mortar book retailers reports that sales are off 6% in the latest quarter as consumers shift to buying online. Don’t worry however, the company has a great plan for fixing their sales problem; open more stores.
Of course, we also cover the week’s top entertainment news including how Amazon wants to produce a hit television show, the end of an era at Vanity Fair magazine and the mystery behind who will distribute the next James Bond movie.
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Showbiz Sandbox 377: Disney Breaks Up With Netflix To Launch Solo Streaming Service
August 14, 2017
After years of licensing their movies to Netflix, Disney announced last week that it will be launching their own streaming service when their current deal expires. Then in a true reordering of the media landscape, Disney also revealed it will be creating a standalone subscription streaming service for ESPN. Realistically though Disney might be one of the few entertainment companies that could successfully pull off direct-to-consumer strategy on such a grand scale.
Perhaps Disney felt threatened by content distributors like Netflix and felt compelled to make a move. After all, just days after making their announcement Netflix said it had lured producer Shonda Rhimes away from Disney’s ABC Studios to make original programming for its own service. Netflix also stole hitmaker Chuck Lorre away from CBS and cut a deal with the Coen Brothers to make one of their next projects.
Meanwhile, there’s lots of drama on Broadway, literally and figuratively. Everyone is talking about the collapse of the musical “Natasha, Pierre and the Great Comet of 1812,” which has charges of racism, unprofessionalism and bad management swirling around it. Now the show is closing long before its $12 million budget was recouped.
Of course, we also cover the week’s top entertainment news including how Warner Music Group posted big revenue gains thanks to streaming, Bruce Springsteen heads to Broadway and the emergence of a new Chinese media magnate.
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