Showbiz Sandbox 263: A Review of the Entertainment Industry’s Annus Horribilis
January 6, 2015
There’s no getting around the fact that 2014 was a financially dismal year for the entertainment business. Movie box office, home video revenue and music sales were all down significantly in most territories. The only bright spot might be television ad sales which grew slightly, albeit at lower level than originally forecast.
Statistically speaking the numbers don’t look good. Movie attendance plummeted to the lowest levels since 1995. Home video returns decreased nearly 2%, despite a rise in digital downloads. Music sales continued their global decline as more consumers turn to streaming services.
Industry-watchers are predicting that, except for box office, 2015 could produce the same mixed results for entertainment companies as digital technologies keep disrupting longstanding business models.
Of course, we also cover the week’s top entertainment news stories including the most pirated TV shows and movies of 2014, how One Direction became the year’s top concert draw and an update on the Sony Pictures cyber attack.
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Showbiz Sandbox 73: Handicapping This Season’s New TV Shows
September 28, 2010
With the new television season already underway our hosts debate which of the new series will get a full season order from the networks and which won’t make it to October. Will the revival of “Hawaii Five-O” make the cut? What will be the first show to get canceled? Let the arguments begin.
Oliver Stone got passing grades this week with “Wall Street: Money Never Sleeps”. The sequel to his iconic 1987 film topped the box office with just over $19 million. Of course, if Hollywood studios have their way, video-on-demand might start being included in opening weekend numbers. In an effort to supplement sagging DVD sales, the studios are planning to offer movies via premium VOD shortly after their theatrical release. At $25 per film audiences may just be willing to wait a few months.
Meanwhile, shares in Netflix soared when Blockbuster filed for bankruptcy, though the DVD-by-mail powerhouse may be facing some stiff competition as it migrates to a movie streaming business model.
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