February 2, 2015
Distributors went on a buying spree at this year’s Sundance Film Festival not only due to the quality of the movies, but also because of new-found revenue from VOD services. We give you a rundown of the titles that were acquired, how much was spent on them and whether there is any hope they will ever make that money back for distributors.
Speaking of money, musician Sly Stone could be $5 million richer after winning a court ruling last week against his former manager who he claims withheld royalties.
Singer Sam Smith, on the other hand, won’t be trying to cheat Tom Petty out of royalties for his song, “Stay With Me”. The artist agreed the song was similar to one of Petty’s past hits and added the legendary rocker to the writing credits.
Of course, we also cover the week’s top entertainment news stories including yet another Super Bowl television ratings record, when we can expect the next “Game of Thrones” book from author George R.R. Martin, and “Empire” is becoming a much needed hit series for Fox.
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.
June 23, 2014
As YouTube gets set to launch its own streaming music service the company is updating existing partnership contacts with record companies. While all of the major labels have signed on, some independent labels are balking at what they consider unfair terms. Now, YouTube is threatening to block the content of any label refusing to enter into its new licensing contracts, a move that is proving hugely controversial and divisive throughout the tech and entertainment industries.
Speaking of contracts, when it came to negotiating the deal for his latest film “Boyhood”, director Richard Linklater gave up a large part of his usual salary to assure he would actually own a piece of the movie it took him 12 years to complete. Will more filmmakers decide to forfeit their upfront fees and begin taking ownership stakes in their projects, or is Linklater’s move a one-off?
Musician Jack White probably isn’t setting any trends either, at least not for vinyl records. His new album sold 40,000 on vinyl during its first week of release though that can probably be attributed to all the nifty extras White included on the vinyl version such as hidden tracks and alternate versions rather than any ongoing interest in the analogue medium.
Of course, we also cover the week’s top entertainment news stories including why “Sesame Street” is getting shorter, Netflix plans on producing a talk show with Chelsea Handler and Disney nails down another director for its “Star Wars” franchise.
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 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.