Showbiz Sandbox 445: Is Netflix Leaving Money On The Table?
April 22, 2019
There is no arguing that Netflix is doing quite well these days. Even the announcement of heavyweight competition from the likes of Disney and Apple hasn’t affected its stock price nor, more importantly, hampered its subscriber growth. The company added 10 million new subscribers in the first quarter of 2019 alone.
Even so, Netflix may want to rethink their approach to how they monetize their television shows. While their big hits such as “House of Cards” may not be appropriate or too exclusive to syndicate on traditional linear networks, others such as “One Day At A Time” may be a missed opportunity for the streamer to do what it’s never done before: seek more outside revenue.
Meanwhile, this year’s Cannes Film Festival lineup features longtime favorites like Ken Loach and Pedro Almodovar, new favorites like Xavier Dolan and more female filmmakers than in the past. Just don’t look for any movies from Netflix.
Of course we also cover the week’s top entertainment headlines including the continuing dispute between the WGA and talent agents, MoviePass loses 90% of its 3 million subscribers and director Roman Polanski wants back into the Academy.
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Showbiz Sandbox 441: Music Industry Gets Into The Stream of Things
March 18, 2019
In February the RIAA reported that music sales in the United States reached $9.8 billion in 2018, up nearly 12% over the previous year. Total worldwide sales were up over 13% reaching $18.9 billion. What’s remarkable is of that figure $9.6 billion, or 51%, came from streaming revenue, the first time that figure has outpaced digital and physical sales.
While some might see this as just a bunch of numbers and sales figures, labels and artists are beginning to see more revenue from streaming. In fact, musicians selling directly to fans grew 35% last year, topping out at $643 million, none of which went to record labels or middlemen.
Meanwhile, “Captain Marvel” continues to top the box office and looks to be headed toward $1 billion with the release of “Avengers: End Game” just a month or so behind. In China, the Oscar winning “Green Book” is doing surprisingly well.
Of course we also cover the week’s top entertainment headlines including the head of Warner Bros. resigns amid a sexual misconduct scandal, Netflix cancels “One Day At A Time” and MySpace loses it’s music (or at least some of it) .
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Showbiz Sandbox 431: India Is Set for A Battle Over Streaming Market Share
December 3, 2018
By 2023 the country of India is forecast to have 550 million people streaming content, earning $18 billion in video streaming alone. Of course, most of people will be watching on their mobile devices, but big players like Amazon, Disney, Netflix and Spotify don’t care, so long as they wind up with the largest piece of the Indian market. One major hurdle; India makes its own content and doesn’t need Hollywood.
That is why streaming companies have begun to produce their own India-centric shows, though that can be challenging in a country with more than 20 languages and wildly diverse cultures. Plus all the major providers have to compete with the likes of YouTube, which is by far India’s most popular streaming service thanks to its advantageous price point; free.
Meanwhile, the awards season is clearly upon us with the National Board of Review and the New York Film Critics weighing in on their favorites. Los Angeles Film Critics will be making their picks shortly and Golden Globe nominations will be announced this week.
Of course we also cover the week’s top entertainment headlines including a lucrative new deal at Warner Bros. for director and producer Ava DuVernay, actor Hugh Jackman is planning a worldwide concert tour and the collapse of independent bookstores.
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Showbiz Sandbox 408: CinemaCon Shrugs Off Unwanted Disruptions
April 30, 2018
Movie theater owners from around the world descended upon Las Vegas for CinemaCon last week. Studios wooed exhibitors with clips from upcoming film releases while industry manufacturers lured attendees with the latest technology, including high-resolution LED screens as a method of showing movies to the masses. Much like the subscription service MoviePass, the screens left cinema operators wondering if they were just one more “innovation” nobody had asked for.
Meanwhile “Avengers: Infinity War” broke box office records both in North America and globally when it opened over the weekend. The latest Marvel superhero movie earned over $640 million in just three days, putting it on track to pass the billion dollar mark.
Speaking of “war,” one is brewing between the Writers Guild of America and talent agencies. The WGA wants to cancel their current agency agreements and rewrite them to prevent franchised agents from profiting off of packaging deals with television networks. Such arrangements currently allow agents to double dip and at times earn more than their clients for a project.
Of course we also cover the week’s top entertainment news including Steven Spielberg signing on to direct the movie adaptation of DC Comic’s “Blackhawk,” the next “Star Trek” film lands a female director and Bill Cosby is found guilty of sexual assault.
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Showbiz Sandbox 397: Thompson On The 2018 Oscar Nominations and Sundance Film Festival
January 29, 2018
Some of the biggest annual headline generators in the entertainment industry all happened to occur during the same week this year; the Grammy Awards were handed out, the Oscar Nominations were announced and the Sundance Film Festival came to a close. Anne Thompson, Indiewire’s editor at large, helps us break down the Oscar nominations while also telling us about the titles from Sundance that we can look forward to seeing in the year ahead.
As for the Grammy Awards, though hip-hop albums by Kendrick Lamar and Jay-Z were heavily favored to win top prizes, it was Bruno Mars who took home the nights biggest honors, including Album of the Year. And though the telecast of the ceremony was filled with performances by the biggest names in music, viewership plummeted to an all-time low.
Meanwhile, the movie ticket subscription service MoviePass caused a stir in Hollywood last week, though not necessarily in a good way. The company removed ten high-profile AMC theaters from its service claiming they were tired of being ignored by the cinema chain. But could the real reason be that MoviePass was simply losing too much money at those locations?
Of course we also cover the week’s top entertainment news including why Neil Diamond and Elton John will stop touring, celebrities get caught out paying for social media followers and the story behind an open source, anonymous list of salaries for television writers and producers.
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Showbiz Sandbox 385: Hollywood Finally Addresses Concerns Over Sexual Harassment
October 23, 2017
The recent and voluminous sexual harassment claims against mega-producer Harvey Weinstein have ignited a firestorm of similar allegations by women against numerous professionals throughout the industry. It has grown into a day of reckoning that is reaching directors, agents and executives in Hollywood, to encompass the music, publishing and video game industries too.
Last week it was revealed that filmmaker James Toback sexually harassed upwards of 38 women over a course of decades. At the same time Nickelodeon fired Chris Savino, the creator behind one of its most popular series, over harassment claims and the head of amazon Studios stepped down under a cloud of similar accusations.
Meanwhile, Ticketmaster may have finally found a way to squelch scalpers from buying up all the best seats at live events. Its Verified Fan program is getting great, albeit expensive, tickets into the hands of actual fans. Now all they have to do is work on the technology to make it work more effectively.
Of course we also cover the week’s top entertainment news including Netflix continues to expand its subscriber base, Justin Timberlake will perform at the Super Bowl halftime show and HBO will bring its international productions to the United States.
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Showbiz Sandbox 361: Forget Release Windows, CinemaCon Proves the Screen is the Future
April 4, 2017
Cinema operators gathered in Las Vegas last week to attend the annual CinemaCon trade show where they were able to preview upcoming film releases and learn about some of the new technology on offer for their theatres. Naturally, box office was a big topic with global ticket sales (barely) hitting a record $38.6 billion. Even with a strong U.S. dollar, international box office still made up 71% of the total.
Another issue on everyone’s mind were theatrical release windows; studios want to introduce a premium video on demand offering that brings new releases to the home sooner, though exhibitors are understandably pushing back.
Meanwhile, there may be no movies to show in cinemas if screenwriters goes on strike. The Writers Guild of America has been meeting with producers and studios, however the sides are far apart in their negotiations and a strike is looking more likely.
Of course, we also cover the week’s top entertainment news stories including Robert Downey Jr. as Dr. Dolittle, why major advertisers are upset with YouTube and Adam Sandler reups with Netflix.
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Showbiz Sandbox 344: Did the Media Bungle The 2016 Election?
November 14, 2016
We don’t cover politics on Showbiz Sandbox per se, however we do provide analysis and commentary on the worldwide media and entertainment industries. Thus, we discuss the role, and some might say the culpability, of the news media in the outcome of the 2016 presidential election. While there is no doubt some divisiveness over the election of president-elect Donald Trump, there seems to be unanimous consensus that mainstream media blew it… bigly.
We also take a look at the impact the results of this year’s presidential election will have on the entertainment business. Deals currently in the works may have a tougher time getting approved, and decisions that passed years ago may be in danger of being overturned.
China meanwhile has passed a new film industry law intended to crack down on box office fraud and promote “core socialist values”. It weaves a new layer of protectionism into the business by requiring that two thirds of the country’s movie screens be reserved for Chinese films.
Of course we also cover the week’s top entertainment news including the why IMDb is going to court over its right to post actors ages, Universal Pictures makes some changes at DreamWorks Animation and Robert Redford’s retirement plans.
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Showbiz Sandbox 299: The Gender Pay Gap Lands A Starring Role In Hollywood
October 19, 2015
Hollywood’s gender pay gap is once again a hot topic of discussion thanks to a frank essay on the subject by Academy Award winning actress Jennifer Lawrence. We are joined by Karen Woodward, an entertainment industry social media consultant, who suggests that the crass and angry tone the actress took in her piece helped gain attention for the issue and start a conversation on how to fix the problem.
We’ll hear what Lawrence had to say about being paid less than her male co-stars, specifically how she’s no longer concerned with being “liked” or finding a kinder, gentler way to express her opinion. Now at least one of her frequent co-stars has plans to take up the cause with what could be a very effective strategy.
Meanwhile, with the number of major record labels having already declined to three from what was once six, it appears the industry’s contraction may soon affect music publishing with Sony/ATV looking for a new owner. Could one of the world’s largest music publishers soon merge with a competitor?
Of course we also cover the week’s top entertainment news including why Playboy magazine is getting rid of its centerfold, how “The Walking Dead” went global in a big way and Netflix earnings and subscriber growth disappoint Wall Street.
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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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