Showbiz Sandbox 654: CinemaCon Promotes A Bright Future for Movie Theatres
April 16, 2024
CinemaCon, the annual gathering of cinema operators in Las Vegas, was filled with anxiety this year thanks to a lack of wide releases due to the recent labor strikes. However, most Hollywood studios showed up with a few movie stars to hawk an increasing number of big titles due later in the year and into 2025. As well, technology companies introduced some exciting new advances in projection and image quality. In all, the conference pointed toward better days ahead for movie theaters.
In even better news, it looks as if the many behind-the-scenes craft people who work on films and television shows may not go on strike like the writers and actors did last year. The International Alliance of Theatrical Stage Employees (IATSE) appears to be having very positive negotiations with Alliance of Motion Picture Television Producers on a new contract.
Of course we also cover the week’s top entertainment headlines including how Disney won its shareholder battle, the winners of this year’s Writers Guild Awards and CBS whips up a new streaming news service.
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Showbiz Sandbox 653: Godzilla and Kong, Once Again, Prove Movie Theaters Aren’t Dead
April 2, 2024
The monstrous global box office opening of “Godzilla x Kong: The New Empire” may have been a surprise to film critics or anyone paying attention to industry tracking in advance of its release, but it surely proves that if you put movies in movie theaters, audiences will show up. Especially if those theaters offer premium auditoriums like IMAX. Even “Oppenheimer” opened well in Japan over this past weekend, becoming filmmaker Christopher Nolan’s biggest debut.
Meanwhile, the Walt Disney Company and the State of Florida have made overtures toward settling their recent legal disputes. As we predicted, despite the battle in the court of public opinion, it will all come to nothing.
Of course we also cover the week’s top entertainment headlines including Paramount Global’s ongoing financial woes, the discovery of some new Marvin Gaye music and how vinyl records are outselling compact discs.
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Showbiz Sandbox 634: Spotify Gets Book Smart
October 10, 2023
Spotify, the music streaming service, is going all in on audiobooks in hopes of attracting and maintaining subscribers. Previously, Spotify offered some audiobooks for sale. Now the company’s 220 million premium subscribers get 15 hours of free audiobook listening each month. The service is launching with 150,000 titles and will pay publishers based on consumption.
Meanwhile, while the writers’ strike may be over, actors continue to walk picket lines outside Hollywood studios, networks and streamers. The good news is that SAG-AFTRA and the AMPTP are finally sitting down to negotiate a new contract.
Of course we also cover the week’s top entertainment headlines including how Taylor Swift’s film is breaking records even before its release, Dreamworks Animation plans to outsource production and why Wall Street financiers are souring on investing in entertainment companies.
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Showbiz Sandbox 631: Telluride and Toronto Film Festivals Kick Off Unusual Awards Season
September 20, 2023
Every annual awards season has its own strange rhythm and unexpected twists. But with both actors and writers on strike, unable to promote certain movies, surely this year’s awards season will be the strangest of all. At the heart of the madness is Anne Thompson, the Editor-at-Large of Indiewire. The awards season expert is back from both the Telluride and Toronto International Film Festival and she fills us in on which movies managed to drum up some buzz during the fall festival circuit.
Meanwhile, the WGA and SAG-AFTRA strikes roll on without any contract negotiations taking place. Drew Barrymore and Bill Mahr both got into hot water with the guilds by trying to start up production of their talk shows without writers. They quickly reversed course.
Of course we also cover the week’s top entertainment headlines including Dua Lipa’s book club, music sales hit a new record and why the founder of Rolling Stone magazine was booted out of the Rock and Roll Hall of Fame.
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Showbiz Sandbox 624: Hollywood Is Bungling Its Barbenheimer Momentum
August 2, 2023
The idea of counter-programming the simultaneous global release of “Barbie” and “Oppenheimer” over the same summer weekend always seemed like a gamble. But somehow Greta Gerwig’s comedy about a popular toy doll and a Christopher Nolan’s biopic of the renowned nuclear physicist wound up becoming a worldwide phenomenon breaking all sorts of box office records over its first two weeks. Now, instead of capitalizing on this success, Hollywood studios are determined to drag out a dual strike with writers and actors which shows no sign of ending anytime soon.
Having joined the Writers Guild of America on the picket lines, SAG-AFTRA continues to make its case in the court of public opinion. Unfortunately, producers (meaning studios, streamers and networks) aren’t ready to start negotiating a compromise.
Of course we also cover the week’s top entertainment headlines including country music’s big moment, why Disney CEO Bob Iger called in some former senior executives to consult with the company and how video streaming is hitting new heights.
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Showbiz Sandbox 583: The Long and Winding Road to Box Office Recovery
May 10, 2022
With each new superhero blockbuster that hits multiplexes it is clear that big well-done movies can score big at the box office. However it is a huge mistake to treat every new release as the barometer of whether cinema is back. Especially when smaller films like “Everything Everywhere All at Once” and family movies like “Sonic the Hedgehog 2” are proving just as successful in getting post-pandemic audiences back into theaters.
Meanwhile, record labels and streaming services have been fighting with music publishers over mechanical royalties for years now.
However, in a tentative deal on actual music sales, the mechanical royalty will rise more than 30% from 9.1 cents per track to 12 cents. Moving forward, the royalty will be pegged to inflation.
Of course we also cover the week’s top entertainment headlines including this year’s Tony Nominations, Dave Chappelle gets attacked on stage during a performance and a new class of Rock and Roll Hall of Fame inductees.
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Showbiz Sandbox 580: Warner Bros. Enters Its Discovery Phase
April 12, 2022
Last week Discovery closed its $43 billion deal to acquire WarnerMedia from telecom giant AT&T. Discovery topper David Zaslav immediately installed his own executive team to run Warner Bros. Discovery forcing the existing management team to head for the door. We discuss the fallout from the merger and the what the future may look like for the combined company.
One of the exiting executives was WarnerMedia CEO Jason Kilar whose infamous Project Popcorn opened all 18 Warner Bros. theatrical releases throughout 2021 day-and-date with HBO Max. Kilar claims the controversial distribution strategy was a success, but if that’s true, then why did Warner Bros. discontinue it?
Of course we also cover the week’s top entertainment headlines including the big winners at the Olivier Awards, “Dancing with the Stars” moves to Disney+ and members of the original Grateful Dead rock band will stop touring after five decades.
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Showbiz Sandbox 577: Why The Biggest Japanese Game Is Actually Chinese
March 21, 2022
Over the last year the mobile video game “Genshin Impact” has earned over $2 billion. From its anime-like visuals to its bug-eyed characters the role-playing game appears to be Japanese in every way. However, while Japan may have a reputation as the world’s leading video game developer, “Ghensin Impact” was made in China. We explain why this is so significant and what it means for those playing the game.
Meanwhile, there is only one week to go before this year’s Oscars ceremony. All the guilds have now weighed in with their top honorees making it even more difficult to predict which movie will win Best Picture.
Of course we also cover the week’s top entertainment headlines including how HBO Max and Discovery+ will be combined into a single streaming service, Netflix wants you to pay for sharing accounts and the world’s largest movie theater chain is going for the gold (quite literally).
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Showbiz Sandbox 564: Film Critics Start Selecting the Best Movies of 2021
December 7, 2021
It’s that time of year when Film Critics Start Selecting the Best Movies of 2021 for newspapers, magazines and websites begin naming their favorite movie releases. The National Board of Review named its favorite film of the 2021, then proceeded to name 32 more in various categories. The New York Film Critics were tougher however, naming five top films in categories like nonfiction, debut film, animated feature and foreign language. We discuss where any awards season favorites are beginning to stand out.
Thankfully, movie theatres around the world are mostly open, allowing audiences to catch up with some of the critics top picks. However, a new COVID variant named after what would appear to be a character out of a Transformers movie, is temporarily shuttering cinemas in various parts of the world such as China and Russia.
Of course we also cover the week’s top entertainment headlines including why CNN fired the host of its highest rated news program, the Grammys clarify who can be nominated as a songwriter and the reason Middle Eastern countries won’t show Steven Spielberg’s take on “West Side Story.”
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Showbiz Sandbox 562: The Death of Network Television Is Greatly Exaggerated
November 16, 2021
While the entertainment industry and Wall Street may be distracted by the growth of streaming services and their subscriber numbers, senior network television executives are reminding everyone that linear TV is far from dead. In fact, according to the latest viewing metrics, more audiences are tuning into network television programs on a consistent basis than actually watch streaming content.
Meanwhile, while the fall film festival season may be dominated by events in Toronto, Telluride and Venice, there are still a number of festivals taking place that are just as noteworthy, including the AFI Fest and Doc NYC. We’ll discuss some of this year’s official selections at both of these festivals.
Of course we also cover the week’s top entertainment headlines including why a high profile director walked away from the next Star Wars movie, Peter Jackson sells his special effects toolkit and Spotify starts a new chapter in streaming.
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