Showbiz Sandbox 337: Streaming Comes to the Rescue of the Music Industry (Sort Of)
September 26, 2016
After more than a decade in decline, the sale of recorded music in the United States is set to grow for the second straight year thanks to increased revenue earned from music streaming services such as Spotify. Even so, the music industry is taking in half of what it earned at its peak late 1990s because streaming revenue hasn’t made up for the falloff in actual sales.
Meanwhile, the Dalian Wanda Group continues its invasion of Hollywood by cutting a deal with Sony Pictures to market movies in China. Wanda can practically guarantee the success of a new release given that it controls the largest movie theater chain in China ensuring a film will be scheduled heavily when it opens.
There is no sure bet at Viacom however as the media giant’s leadership remains in turmoil. It’s interim CEO is stepping down sooner than expected and the vice chairman of Paramount Pictures is also exiting. Then last week the company announced it would take a $115 million loss on a movie that hasn’t even been released yet.
Of course we also cover the week’s top entertainment news including a new law requiring websites like IMDb remove an actor’s age upon request, the BBC gets into a bake off battle and why Netflix is getting more original every day.
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Showbiz Sandbox 305: Should “Star Wars: The Force Awakens” Box Office Records Require An Asterisk?
December 21, 2015
The release of “Star Wars: The Force Awakens” shattered box office records the world over and became the biggest movie opening of all time by earning $529 million. We explain why in countries such as Japan and South Korea, the latest “Star Wars” not only didn’t win the weekend, but in some cases earned less than earlier installments of the franchise. We also look at the breakdown of which formats audiences favored when buying tickets.
George Lucas’ original “Star Wars” movie was released in 1977 and was added to the National Film Registry in 1989. We weigh in on the annual list of films added to the registry by the Library of Congress, charged with selecting new entrants. It always makes for a fascinating mix; we’ll discuss what made this year’s cut there and why. Hint: It’s not always artistry that counts… and no we’re not looking at you “Top Gun.”
In music news, it turns out online radio services such as Pandora will soon be paying more to license songs. Meanwhile, Adele is trying to prevent her fans from having to pay more to purchase tickets to see her in concert. We’ll tell you about the growing backlash against the secondary market for concert tickets and what some artists are doing about it.
Of course we also cover the week’s top entertainment news including how “Star Wars” bumped Quentin Tarantino’s latest movie out of a historic movie theater, Howard Stern signs a new deal with SiriusXM and the list of this year’s inductees to the Rock and Roll Hall of Fame.
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