September 28, 2015
It is said numbers don’t lie, however in the entertainment business they don’t always tell the truth either. When it comes to box office grosses, television ratings, home video earnings and book sales, numbers can often present misleading or incomplete information which paint an unrealistic, or at times purposefully skewed, financial picture.
Netflix, for instance, released data detailing what they claim is the episode when their customers get hooked on a television series. However, the “hook study” performed by the subscription video streaming service was limited in scope and may simply be an example of how good Netflix is at spinning its numbers into great PR opportunities.
Meanwhile, like every other area of the entertainment industry, the book world has been rocked by the digital revolution. But publishers believe the business is leveling out based on sales figures which leave out large segments of the market. None of this explains why e-books cost more than paperbacks though.
Of course we also cover the week’s top entertainment news including Amy Schumer’s big book advance, a lawsuit over the movie “Goodfellas”, which Warner Bros. says was a huge flop, and the Harry Potter origin story will become a two part theatrical production on London’s West End.
September 14, 2015
China continues on its torrid pace toward become the number one movie market in the world having already surpassed its record $4.7 billion box office from last year. However, some Chinese distributors, and even some moviegoers, are claiming cinema owners are manipulating reported grosses on behalf of the government.
Recently a propaganda film titled “The Hundred Regiments Offensive” managed to sell more tickets than was possible based on its number of showings and theater count. Industry executives now say releases such as “Terminator:Genisys” are being unfairly robbed of their true earnings. Yet the market is so big, when “Mission Impossible: Rogue Nation” debuted last week it gave Tom Cruise the biggest box office opening of his career.
Meanwhile, parts of the world are entering autumn, a time when leaves fall from the trees and Broadway shows fall from the marquees to make way for new shows. We’ll tell you which shows have announced closings, which ones will follow soon and take a brief look at some new productions opening soon.
Of course we also cover the week’s top entertainment news including the return of Stephen Colbert to late night television, the new owner of National Geographic and how the late Billie Holiday and Whitney Houston will perform once again… as holograms.
September 7, 2015
Though this year’s North American summer box office may wind up being the second biggest on record at $4.4 billion, movie studios are finding it far more difficult to predict opening weekend grosses. An article in the Hollywood Reporter details how tracking pre-release box office has become unreliable in an age when social media buzz and movie review aggregation have become so prevalent.
Word-of-mouth can now spread so quickly that movies like “Ted 2” can be doomed 24 hours after release, opening 33% below its estimated $50 million first weekend gross. And it’s not just flops that suffer tracking mishaps, as evidenced by “Jurassic World” bowing to $208 million, 60% more than originally anticipated.
Until now, Apple hasn’t had to worry about movie box office or even television ratings, but all that might change if rumors the company is getting into producing original content are at all true.
Of course we also cover the week’s top entertainment news including why Aretha Franklin wound up in court last week, why DreamWorks is leaving Disney and who the Academy selected to produce next year’s Oscar telecast.
August 24, 2015
After years of denying cord cutting was happening on any level, several large media companies are finally confessing that cord cutting is a growing trend which may soon affect their bottom lines. After decades of steady growth, cable operators are now beginning to see flat or declining subscriber numbers as new content streaming services pop-up.
Clearly, the business models the television industry has relied on in the past are evolving rapidly, more so than movies or theater or even publishing at the moment. Yet some industry insiders believe the cable cord isn’t being cut, but that it’s slowly fraying as the definition of what it means to be a television network has changed.
Some media companies aren’t waiting to study market indicators before making strategic moves. Last week NBCUniversal made a $200-million investment in the online news outlet Buzzfeed, leaving many to wonder how this could possibly benefit the network.
Of course we also cover the week’s top entertainment news including how boy band One Direction wants to take a break, why Spotify wants to breach your privacy and Cirque du Soleil is headed to Broadway.
August 17, 2015
Last week the Walt Disney Company held its annual fan club convention, the D23 Expo, which gave the company a chance not only to promote some of its highly anticipated movie releases, such as a live-action “Jungle Book”, but also announce some new additions to their popular theme parks.
Disney plans to leverage its acquisition of Lucasfilm by creating an immersive Star Wars Land at both of its theme parks in North America. The company is also working on a “Toy Story” themed land for both parks as well. This is all on top of the “Avatar” attraction Disney is building in its Animal Kingdom park in Florida.
Meanwhile, the dog days of summer are usually a slow time for live theater productions, especially on Broadway. However this year multiple shows are bringing in million dollar grosses each week, including “Hamilton” a new musical that had the courage to premiere during August.
Of course we also cover the week’s top entertainment news including Sesame Street’s move to HBO, the end of Columbia House and how the late talk show legend Johnny Carson is returning to late night.
August 10, 2015
There is no dispute that in the entertainment business, just like in any other industry, money is the fuel that keeps the engine running. Yet raising it, accounting for it, paying it back and doling out profits is becoming more complex for media companies. Indeed, making a fortune in show business is anything but easy or straight forward.
Take Relativity Media for example. The upstart movie studio and its brash CEO Ryan Kavanaugh were going to change the way Hollywood operated and movies were made. However now they’ve filed for bankruptcy. We’ll provide some background and explain the details of what could wind up being the largest studio bankruptcy ever.
Movie moguls aren’t the only one’s struggling to mind their dollars and cents. Legendary musician David Byrne wants record labels to be more transparent about where all the money is going in the music business. Meanwhile the Authors Guild has a few thoughts of its own when it comes to copyright and revenue from book sales.
Of course we also cover the week’s top entertainment news including Jon Stewart’s last “Daily Show”, staff turmoil at Rolling Stone magazine and changes afoot in film distribution strategies.