Showbiz Sandbox 62: The Secret Behind Hollywood’s Accounting Practices

How is it the last Harry Potter film can gross $938 million but still lose $130 million? Journalist and author Edward Jay Epstein joins us to unravel some of Hollywood’s quirky accounting practices. He’s written two books on the subject; The Hollywood Economist: The Hidden Financial Reality Behind the Movies and The Big Picture: Money and Power in Hollywood.

“Despicable Me” topped the box office though the amount it took in from 3D screens was rather low. Could audiences be tiring of paying exorbitant 3D ticket prices? Meanwhile, Miramax finally seems to have found a buyer and Lions Gate is trying to make piece with activist investor Carl Icahn.

The Emmy nominations were announced last week and we’ll fill you in on whose up for the television’s big awards. Over in the world of music Pollstar announced that concert ticket sales are down 15% for the first half of the year.

During our Big Deal or Big Whoop segment we race through a number of top entertainment headlines, including Roman Polanski’s release, Lindsay Lohan’s jail time and Mel Gibson getting dumped by his agency. Maybe Gibson can find some work on YouTube, which plans to offer $5 million in grants to select content partners.

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Showbiz Sandbox 57: A Memo From James Cameron

It was kind of a slow news week in the entertainment world, especially when it comes to the North American box office.  Movie attendance is down 10% over last year’s summer blockbuster season.  Hollywood Reporter deputy film editor Carl DiOrio stops by with his theories as to why audiences are staying away from this year’s crop of Hollywood offerings.

The MTV Movie Awards were held last weekend and the telecast was filled with so much profanity half of it was bleeped out. Though few take the awards seriously, we’ll still fill you in on all the winners and Tom Cruise’s outstanding dance performance.

Over in television Bravo has been making a name for itself with a string of successful reality television shows including “The Real Housewives of New York”.  The network is not shy about letting the New York Times know that they use social media and the Internet to decide which shows are working, popular storylines and which cast members are break out stars deserving their own show.  Speaking of break out stars, the cast of the popular “Big Bang Theory” wants a 285% pay raise and are presenting a unified front when negotiating with the network.

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Showbiz Sandbox 46: Hollywood’s Latest Meme Is 3D

A “Wimpy Kid” couldn’t beat “Alice In Wonderland” at the box office this weekend. The higher price for 3D tickets has turned “Alice” into Tim Burton’s most successful film. And Hollywood studios have definitely noticed how well audiences are responding to 3D. The new format is so hot that, much to the annoyance of James Cameron, they have gone back to convert some upcoming releases to 3D, such as “Clash of the Titans”.

With thirty three 3D films presently slated for release in 2010 this has managed to create a bottle neck at movie theaters where there is usually only enough room to show one 3D film at a time.  It’s gotten so competitive that Paramount has told theater owners that if they don’t play “How to Train Your Dragon” on their 3D enabled screen, they won’t send them a 2D print. But that means “Alice’s” engagement will be cut short. Beginning to see the problem?

While movie theaters don’t have enough 3D screens and too much content, the exact opposite is true in the home. Television manufacturers are selling 3D enabled televisions but there is nothing to watch. Have no fear though, Major League Baseball, NCAA basketball and the PGA Masters all have plans for 3D broadcasts.   Read more

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Showbiz Sandbox Special Episode: And The Oscar Nominations Go To….

Early Tuesday morning the Academy of Motion Picture Arts and Sciences handed out their nominations for the 82nd Academy Awards. This is the first year since 1943 (when Casablanca won) that the Academy is expanding the list of Best Picture nominees to 10, up from the traditional five. The Academy’s original goal in increasing the field of nominees was that more popular films would be nominated, rather than a handful of independent films few are familiar with. It’s safe to say, they got their wish.

Not only were predictable entries nominated, such as “Avatar” and “The Hurt Locker”, but so were a few surprises that included crowd favorites such as “The Blind Side” and “District 9″. Even Pixar’s “Up” was nominated, making it the second film to ever be nominated for an Oscar. Of course, this year even if the list of Best Picture nominees hadn’t expanded, “Avatar”, the biggest box office winner of all time, was a lock for one of the slots. Read more

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Showbiz Sandbox 36: Can “Avatar” Beat “Titanic”? Heck No!

“Avatar” continues its takeover of the box office, while “The Hurt Locker” appears to be taking over the awards season. James Cameron’s 3D labor of love entered the list of top 10 grossing films of all time and may be poised to become the highest grossing movie ever, a title now held by another Cameron film, “Titanic”. “Avatar” is now one of only five films to ever earn over a billion dollars world-wide.

Now the prognostication begins about whether “Avatar” (and Cameron) will be nominated for an Academy Award? His ex-wife’s movie “The Hurt Locker” certainly seems to be headed that way. Director Kathryn Bigelow is earning raves for the film and she is being being heavily favored to be the first female to win a Best Director Oscar. Between Bigelow and Nancy Meyers (“It’s Complicated”), female directors, or at least the discussion of their recent success, is the topic du jour in Hollywood.

Another favorite topic at the beginning a year is reflection and prediction. What were the top reviewed movies of the decade? Did you see any of them? Read more

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Showbiz Sandbox 31: Blind Sided By Adam Lambert’s Double Standard

While we all still may be sluggish from all the turkey and stuffing on Thanksgiving, the North American box office sure wasn’t. It set a record for the Thanksgiving holiday weekend as once again “The Blind Side” surprises everyone. The Sandra Bullock movie defied expectations to earn another $40 million over the five-day period, almost topping “The Twilight Saga: New Moon” as the winner this weekend. Proof positive that Sandra Bullock is a movie star.

So is George Clooney, whose “Up In The Air” opens on Friday. According to Claudia Eller of the Los Angeles Times the film is proving to be a marketing challenge for its distributor, Paramount. Apparently the studio is afraid Jason Reitman’s humorous drama about corporate downsizing may touch a raw nerve. But how could this critically acclaimed movie be a marketing challenge? We’ve got two words that might help Paramount’s advertising campaign: George. Clooney. Sheesh, maybe we should be marketers.

Actually, maybe we should become linguistics experts instead. USC linguistics professor Paul R. Frommer was brought in by James Cameron – writer and director of a little upcoming release called “Avatar” – to develop the language of the 10-foot tall blue Smurfs – um. . . aliens – who inhabit Pandora, the setting for the film’s conflict.  Read more

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Showbiz Sandbox 29: Camped Out For “Twilight: New Moon”

There was a debate over titling this week’s episode “The Profanity Podcast “due to some various disagreements and the name of a new sitcom. Intrigued? Read on.

Harry Medved from Fandango.com joins us briefly to talk about next week’s number one movie at the box office, “The Twilight Saga: New Moon.” (Did we get the name right? Can’t we just call it “New Moon” or “Twilight 2”?) Yes, that’s right, we’re prognosticating next week’s number one movie in North America. Hey, when women of all ages are lining up just to catch a glimpse of Robert Pattinson and/or Taylor Lautner at the premiere, you know you might have a hit on your hands.

Speaking of hits, is Twentieth Century Fox taking a huge risk by bankrolling a film based on an unfamiliar story with no Hollywood superstars and a budget approaching $500 million? We’re talking about “Avatar,” and particularly Michael Cieply’s article in the New York Times’ on the film directed by James Cameron. (So, is Cameron himself not a superstar?) John Horn and Claudia Eller from the Los Angeles Times write that the movie’s price tag continues to climbe and that its global marketing campaign could cost as much as $150 million, “Avatar” won’t have to do “Titanic” business to make money, but it will have to fill auditoriums around the world for weeks to become profitable. Read more

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Showbiz Sandbox 13: Hooliganism At Comic-Con (Or Lack Thereof)

We had a plethora of panelists this week, all of whom were in San Diego over the weekend to experience Comic-Con first hand. KPBS’ Cinema Junkie blogger Beth Accomando covered the event for National Public Radio, Todd Gilchrist was there for Cinematical, SciFi Wire’s news editor Patrick Lee made the trip, as did Phillip Nakov from MovieSet.com and Harry Medved, who helped out with Fandango’s coverage of the event as their director of public relations.  Also joining in on this week’s fun is New York Daily News writer and Huffington Post blogger, Michael Giltz.

If you weren’t one of the 126,000 people attending Comic-Con, this episode will fill you in on what you missed.  There was whole day devoted to 3D movies, which apparently isn’t just a gimmick anymore.  The big hits of Comic-Con were “District 9″, “Avatar”, “Kick Ass” and “Iron Man 2″ and the biggest miss was Roland Emerich’s next movie “2012″ which is either so bad it’s good, or so bad it’s just plain bad.  Irrelevant whether it wowed people at the convention or not was “Twilight: New Moon”, because fans just wanted to see Robert Pattinson .  Hundreds of young girls, their moms and a bunch of sensitive men camped out overnight to get into a jam packed “Twilight” panel. The festival was “the redemption of “New Moon” director Chris Weitz, who was clearly adored by his cast. It was definitely the panel with the most security.

This year marked the first appearance by Tim Burton (as a presenter), Peter Jackson and Terry Gilliam. Johnny Depp stopped by to say two words (literally) in promotion of Burton’s “Alice in Wonderland.”  Read more

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Showbiz Sandbox 10: The Death Of Pop, Pinup Girls and (Possibly) 2D Movies

Roger Friedman, senior columnist for The Hollywood Reporter, and Showbiz411.com joins us along with writer Michael Giltz to discuss the death of Michael Jackson. Friedman has been covering Jackson since his first child molestation trial and is one of the trusted reporters covering the pop star’s life and death.

The Academy of Motion Pictures and Sciences announced this week that the Academy Awards would now nominate ten films in the Best Picture instead of the usual five. Will this allow more deserving movies a shot at the big prize, or is this blatant pandering for higher Nielsen ratings?

“Transformers 2″ stormed the world-wide box office over the weekend, but that still doesn’t make it a good movie. Read more

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Showbiz Sandbox 8: Everybody’s A Critic On The Internet

This week “The Hangover” hung around, and “The Taking of Pelham 123” opened at lower numbers than expected. Was the film miscast?

James Cameron proves he’s King of the World, or at least of the digital age, by pushing game publisher Ubisoft to create the videogame industry’s first stereoscopic title. What does this mean for future relationships between films and videogames? In other film news, “Slumdog Millionaire” director Danny Boyle signed a three year deal with Fox Searchlight; the quasi-classic “Conan The Barbarian” will be remade; and rumors abound that the director of the summer action film “G.I. Joe” was fired. Plus, DVD fans may have to wait a little longer until movies they didn’t bother seeing in the theaters are available for viewing on the couch.

Despite repeated warnings, chaos still ensued when the switch to digital TV finally happened in the United States. And though there were obvious clues about his sexual orientation, “American Idol” runner up Adam Lambert finally came out to Rolling Stone magazine. Plus, the debate rages on: Can Jay Leno survive at 10pm? Advertisers sure aren’t happy about his new time slot. Read more

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