August 5, 2013
Hedge fund manager Daniel Loeb began buying up Sony stock earlier this year and is now pressuring the electronics manufacturer to spin-off its entertainment divisions. After comparing two of Sony’s summer releases to historic flops such as “Waterworld”, actor/director/producer George Clooney could take no more. In an intelligent, coherent and well thought out rant, Clooney argues that, “ A guy from a hedge fund entity is the single least qualified person to be making these kinds of judgments.”
Karen Woodward, our former co-host, joins us for our 200th episode and was quick to point out that Clooney not only sounded smart in his statements, but also like a future political candidate. Given the state of American politics however, Clooney might find the back stabbing nature of Hollywood more friendly.
These days it seems a little political muscle is required to work in the entertainment industry. After all, Time Warner Cable has blacked out the CBS network for millions of customers over an ongoing retransmission dispute. Meanwhile, Hollywood studios haven’t been paid all year for movies they’ve released in China.
Of course we also cover the week’s top entertainment news including the Academy’s historic new leader, a new Doctor Who and how holograms are replacing musicians at concerts in Korea.
June 24, 2013
Hollywood movie studios have a history of announcing the release date for big tentpole films a year or more in advance. The goal has always been to secure a prime weekend that will force the competition to stear clear. Lately however studios have taken to scheduling releases five years in advance. With some untitled projects yet to start production or even complete a script, it appears that release dates are more important than the movies themselves.
With longstanding geographic monopolies in-place cable companies rarely have to worry about competition, other than from satellite providers. That may be why Time Warner Cable is facing a class-action lawsuit which claims customers, especially non-sports fans, are being forced to pay for the company-owned sports channels to help offset the cost of expensive licensing deals.
Speaking of lawsuits, the government wrapped up its anti-trust case against Apple over the fixing of prices for e-books. While the Justice Department went into the trial looking like a winner, in the end Apple may have proved it was innocent of any illegal activity.
Of course we also cover the week’s top entertainment news including Robert Downey Jr.’s deal to play Iron Man in the next two “Avengers” movies, Billboard disses Jay-Z and Warner Bros. shakes up its top executives.
May 29, 2012
This year’s Cannes Film Festival concluded with “Amour”, a film by Austrian director Michael Haneke, winning the Palme d’Or. The movie about an elderly couple in Paris features two renown French actors and was a hit with festival audiences. Anne Thompson from Indiewire’s Thompson on Hollywood blog says the jury rewarded many of the noteworthy films at this year’s festival, though entries with stars like Brad Pitt and Nicole Kidman were rather disappointing.
Speaking of winners, last week Phillip Phillips was crowned the winner of this season’s “American Idol”. The big loser however may be the singing competition show itself, since it is no longer the most watched television show in the nation, a title it held for a historic seven years. That honor is now held by Sunday Night Football.
Apple rather convincingly shredded the antitrust suit tbe Justice Department filed against them and top publishers over the price fixing of e-books. Apple’s response points out a number of innacuracies in the suit and manages to bolster their own case, while notably not helping the publishers with their defense.
March 13, 2012
Oil rich Nigeria may be best known for political upheavals and brutal civil wars, though over the past twenty years the country has given birth to a thriving film industry. New York Times Magazine contributing writer Andrew Rice explains that what started out as a surplus of blank VHS tapes has grown into what is now called Nollywood; the world’s third largest movie business. Nollywood films now suffer from the same issues faced by Hollywood and Bollywood; piracy and escalating production costs.
The budget for Disney’s “John Carter” was about five thousand times that of the average Nollywood film, which is probably why a $100 million worldwide opening is seen as a bit of a disappointment. Directing his first live-action film, Pixar veteran Andrew Stanton seems to be getting most of the blame for the movie’s lack of success, though it just as easily could be pinned on a studio full of senior executives that lacked experience producing big blockbusters.
Speaking of pricey failures, Fox canceled its sci-fi series “Terra Nova”. Producers hope the show will be picked up by another network, though at $4 million per episode few can afford it.
Showbiz Sandbox 129: Ticket Masters – The Rise of the Concert Industry and How the Public Got Scalped
December 12, 2011
Anyone who has ever tried to get good tickets to see their favorite band in concert knows how frustrating it can be. Josh Baron and Dean Budnick, two editors of Relix magazine, spent three years speaking to hundreds of industry veterans to research the history of modern ticketing. Their book, “Ticket Masters: The Rise of the Concert Industry and How the Public Got Scalped“, is being hailed as the most comprehensive work on the subject. In this interview they explain the real culprit behind today’s high ticket prices and provide a few ways to get the best seats in the house.
The end of the year usually marks a busy and highly profitable time in the movie industry, however box office receipts have been declining over the past two weekends to three year lows. It certainly doesn’t help that as film critics from around the nation bestow their annual awards, there doesn’t seem to be a clear frontrunner for the upcoming Oscar season.
In the music world, despite the glut of music subscription services such as Spotify, Rdio and Mog, some musicians are pulling their latest releases from the platforms. Most recently, The Black Keys have joined the likes of Coldplay in not allowing their new album to be streamed on any of the top services. Rather than help increase sales, the feeling is that these services may actually be preventing them.