December 2, 2013
Just when you thought the online music streaming space couldn’t get any more crowded or competitive, along comes Deezer. The French company already boasts 5 million paying subscribers in 80 countries and now plans to launch in the United States, where Spotify and Pandora are the market leaders. However, none of these companies are actually profitable, which may be why services like Rdio went through a round of layoffs in November and Turtable.fm is shuttering.
Profitability seems to be an issue for Sony Pictures too. The movie studio lost $181 million last quarter leading to the announcement of significant cost cutting measures in the wake of some summer box office duds.
Disappointing earnings and a declining subscriber base are also a problem at Time Warner Cable. As telcos and satellite providers continue to erode their market share, rumors have begun swirling that the second largest cable operator in North America might be acquired by one or more of its competitors, including Comcast.
Of course, we also cover the week’s top entertainment news stories including the Thanksgiving weekend’s record breaking box office, “Spider-Man: Turn Off The Dark” lowers the curtains on its Broadway run and the mediocre sales figures of Lady Gaga’s latest album.
November 14, 2011
Getting publicity in Hollywood can be a very difficult task. If you are an A-list director like Brett Ratner or a hot actor like Ashton Kutcher however, all you need to do is make a bigoted statement or fire off an ignorant Twitter post and you’ll get more ink than you ever wanted. Ratner’s homophobic slur forced him to resign as producer of next year’s Oscars, while Kutcher’s uninformed opinion on current events caused him to rethink his social media participation. Has the entertainment industry become overly sensitive or do its inhabitants just have no class? We try to figure out what all the fuss is about.
The other big news of the week was the sale of record label EMI to Universal Music Group and Sony. EMI’s owner, Citibank, decided to split the record label from its publishing arm in an effort to get the deal passed antitrust regulators. As the music industry contracts from four major record companies to three, what will it mean for indie artists and their fans?
Broadway may also be undergoing some changes soon. Long running musicals such as “Mamma Mia!”, “Chicago” and “Mary Poppins” seem to be fading fast and may need to make way for new productions such as a revival of “Porgy & Bess”, “Evita” featuring Ricky Martin and a stage version of “Bonnie & Clyde”.
September 19, 2011
The Toronto International Film Festival has become a mandatory stop for studios opening awards contenders in the fall. The last four best picture winners at the Academy Awards, including The King’s Speech, all played in Toronto. Along with the smaller, cozier Telluride Film Festival, Toronto is where some films first start picking up awards buzz. Anne Thompson, editor of IndieWire’s Thompson on Hollywood, just returned from both festivals and provides a few details to those of us who weren’t lucky enough to go.
The Emmy Awards were held on Sunday evening and once again “Mad Men” and “Modern Family” won top honors. Though many of the award winners were predictable, there were still a few surprises, such as Melissa McCarthy from the sitcom “Mike & Molly” walking off with lead actress in a comedy. The Emmy telecast itself however was a bit of a “train wreck”.
Netflix continued to top headlines this past week after their stock price plunged 19 percent upon lowering their subscriber projections. Apparently their higher prices have scared off potential customers and caused a few to abandon the video rental service. Now Netflix has announced they will split their business in two, renaming the DVD-by-mail service Qwikster.