Showbiz Sandbox 557: Talent Agents Strike A Deal… for Themselves

October 5, 2021

In yet another sign that the entertainment industry is consolidating, Creative Artists Agency, one of Hollywood’s most powerful talent agencies, announced it would acquire ICM Partners, the fourth largest player in the space. Is the move meant to help CAA gain leverage when negotiating with streaming giants like Netflix, or is it all about ensuring success on Wall Street for its biggest investor? And what will this mean for smaller agencies which may actually stand to benefit from the deal?

Meanwhile, this year’s Tony Awards honoring Broadway’s brightest were finally held with a live audience. However, some productions in both New York and London are stumbling as they turn on their marquees for the first time since the COVID pandemic began.

Of course we also cover the week’s top entertainment headlines including how James Bond and Venom are competing for box office glory, Scarlett Johansson settles her “Black Widow” lawsuit with Disney and the labor strike that could shut down Hollywood.
Read more

Showbiz Sandbox 473: There Is A Disturbance In The Chinese Force

December 23, 2019

The “Star Wars” franchise was never a huge phenomenon in China the way it was elsewhere in the world, so it wasn’t much of a shock when the latest installment, “Star Wars: The Rise of Skywalker” flopped in its opening weekend in the country. It even came in second behind a local martial arts epic from Donnie Yen. In fact, eight out of the top ten earning movies in China during 2019 were homegrown hits as the country’s annual box office reached new heights.

The box office won’t break any records in North America this year, despite the strong opening of “Star Wars: The Rise of Skywalker.” A film version of the Andrew Lloyd Webber musical “Cats” sure isn’t helping either. It opened to scathing reviews and grosses to match. Good news though, a new version of the film should be in theaters for its second week.

Meanwhile, Netflix released subscriber info region by region and investors liked what they heard. Obviously, Netflix has hit peak subscribership in the United States, but when you look at how the company is doing in the rest of the world, you can see its customer base is growing substantially.

Of course we also cover the week’s top entertainment headlines including a new owner for Miramax, NBC/Universal reveals the pricing for the upcoming streaming service and “South Park” rules cable television for the seventh year in a row.

Read more

Showbiz Sandbox 169: How TV Networks Learned To Stop Worrying And Love The DVR

October 29, 2012

Major networks used to bemoan the use of DVRs out of fear that audiences would use them to skip over commercials. However, with DVRs in almost half of all US homes, they have begun touting the big audience increases some of their shows get after factoring in time shifted viewing. Scott Collins, a television reporter with the Los Angeles Times, discusses modern-day TV ratings and how the industry is coping as viewing habits change.

And if you thought television networks were in trouble, they’ve got nothing on the film industry. If you were to believe folks like film critic David Denby and a recent New York Times article, movies may not even be relevant anymore.

Talent agencies aren’t immune from all the changes affecting the industry. Last week the longtime head of ICM Partners, one of the world’s largest ten percenteries, announced he’d be leaving to start a new agency.

Of course, we also cover the week’s top entertainment news including how a child sex abuse scandal at the BBC, the merger of publishing giants Penguin and Random House, and an Amy Winehouse musical.

Read more