March 14, 2016
In recent years, Chinese-owned companies have become the film industry’s biggest power players by scooping up production companies and cinema chains. The latest example came when AMC Theatres, owned by China’s richest man Wang Jianlin, announced it will acquire Carmike Cinemas to become the world’s largest motion picture exhibitor.
It’s easy to see why the Chinese are so hot on the cinema business given that their box office surpassed that of North America during the month of February for the second time ever. Yet if you were to ask some financial analysts, Hollywood Hollywood is starting to look like the video game industry before it imploded; bigger budgets, fewer winners and more losers. Is Hollywood about to shrivel up like Pac-Man?
Then there are those like Sean Parker, one of the founders of Napster and Facebook, who are trying to convince Hollywood that it’s time to start making big movies available in consumer’s homes the same day they hit theaters. Is there any business model in which that could actually work?
Of course we also cover the week’s top entertainment news including the authors nominated for this year’s prestigious Man Booker Prize, music sales in France plummet and Kevin Spacey won’t be heading up Relativity Media after all.
January 11, 2016
This year’s Academy Award nominations will soon be announced and we wonder if one can predict who might take home Oscar gold by watching the annual honors handed out by Hollywood’s labor guilds. We’ll tell you how won Golden Globes, which have proven less reliable in forecasting Oscar winners, and take a look at who the Brits shine a spotlight on via the BAFTAs.
Much like the movie business, publishing has become a global game. That makes the recent broadside by groups representing authors around the world especially notable. They’re calling on publishers to offer author contracts that are more equitable and represent the way business is done in the 21st Century.
Director/Producer Gavin Polone believes Hollywood studios and television networks are only hurting themselves when they decide to cook the books when it comes to reporting earnings to profit participants. He argues that the talent and creatives they cheat on the backend have no incentive to keep costs down on the front end.
Of course we also cover the week’s top entertainment news including how Netflix went worldwide, actor Sean Penn went to Mexico to interview the head of a drug cartel and the death of legendary musician David Bowie.
January 12, 2015
Not even two weeks into 2015 and the annual slog known as awards season has commenced in earnest. This year’s festivities were kicked off by the Golden Globe Awards over the weekend which pull double duty by honoring the best of both movies and television. We wonder if it might make more sense to hold two different ceremonies throughout the year; one for movies and one for television.
The BAFTA nominations were also announced last year, though there was very little British about them, as has traditionally been the case. Guild nominations have also started pouring in as well, though what everyone wants to know is how all of this will affect the upcoming Oscar race.
Meanwhile, some established artists in the movie and music industries have started to offer their latest work directly to fans. By some accounts these experiments have proven incredibly successful and profitable, or so it would seem. Unfortunately, there’s no real way to tell since sales figures for such efforts are often hard to come by.
Of course, we also cover the week’s top entertainment news stories including John Travolta’s return to television, why actress Charlize Theron requested a pay raise on her next film and an update on the Sony cyber attack.