October 24, 2016
Last weekend, in a sudden and unexpected deal, telecommunications giant AT&T agreed to buy the media conglomerate Time Warner for $85 billion. As its current offerings become more commoditized AT&T is looking to add content to its portfolio through picking up Time Warner, a company that counts among its assets networks such as HBO and CNN, not to mention Warner Bros. Pictures. However, this marriage is far from certain will surely come under the scrutiny of antitrust regulators.
As awards season gets underway, studios have begun releasing some of their high profile title in hopes of going after Oscar glory. Historically, that meant opening arty films in a limited number of cinemas before going wide after gaining word of mouth. We explain why that’s happening less often these days.
Meanwhile, the Wanda Group is inviting all of Hollywood, and frankly anyone producing film and TV, to its new movie studios in Qingdao, China. They are offering a 40% incentive in hopes of luring productions to the multi-billion dollar facilities, but will anyone take them up on it?
Of course we also cover the week’s top entertainment news including why Bob Dylan might not be interested in commenting on his recent Nobel Prize award, why the “Deadpool” sequel lost its director and Garth Brooks signs an exclusive deal to stream his music on Amazon’s new service.
October 10, 2016
With its racially charged themes striking a timely chord, “The Birth of a Nation” garnered acclaim and a $17.5 million distribution deal at this year’s Sundance Film Festival. However after it became known that its director and star was once accused (though acquitted) of rape, a question was raised over whether art can be separated from its creator. Many will argue that the answer lies in the movie’s poor critical reception and tepid box office.
What was touted as a contender for multiple Oscar nominations this year, “The Birth of a Nation” may ultimately break even in theatres before going on to earn most of its money in ancillary markets. If it were up to Reed Hastings though, the film would have been released on VOD and in cinemas at the same time. The Netflix CEO claims theater owners are strangling the movie industry with their insistence on release windows.
Meanwhile, there are calls by some in Congress for the Justice Department to review the growing number of business acquisitions being made by Wanda, a Chinese conglomerate. Having purchased multiple movie theater chains and at least one Hollywood production company, some legislators believe the U.S. is allowing Chinese state-controlled companies to gain too much soft power
Of course we also cover the week’s top entertainment news including why executives are disappearing from BBC’s Radio 1, how Disney cast a sequel to “Mary Poppins” without a script and what the future may hold for celebrity newscaster Billy Bush.
September 12, 2016
In a widely expected move, the Chairman of the Federal Communications Commission (FCC), Tom Wheeler, laid out a regulatory plan that would allow consumers to use the set-top box of their choice to access television. Naturally, pay television providers weren’t happy since they earn $20 billion annually by forcing their customers to rent such equipment. They claim Wheeler’s mandate is overreaching and his call for universal streaming app adoption could stifle innovation.
The September box office has kicked off the run up to the holiday moviegoing season in fine form. While ticket sales for the month are slightly higher than last year in the United States, it is international markets that continue to outperform. In fact, some films do so much better in China than in North America, that industry pundits wonder whether certain sequels should be China-centric and simply skip a U.S. release.
We’ll be back next week with our regular show that will cover all the news making headlines around the entertainment world.
September 6, 2016
The competition between Apple Music and Spotify for subscribers has been cutthroat over the past year. Now comes word that Spotify may be retaliating against artists working with Apple. We’ll take a look at how exclusive new releases have raised the stakes in the ongoing battle for streaming music supremacy.
We also explain why it’s time everyone stopped discussing how abysmal North American summer box office was. After all, 2016 box office and attendance is actually up over the previous year, which had record earnings.
And in what might be a case of the pot calling the kettle black, China is questioning whether Universal’s acquisition of DreamWorks Animation breaks its antitrust regulation.
Of course we also cover the week’s top entertainment news including how Jackie Chan will be awarded an honorary Oscar, Frank Ocean makes history by topping the Billboard charts with a self-released album and Baz Lurmann’s “Moulin Rouge” is being turned into a musical.
August 31, 2016
Much has been made about the decline in box office this summer, with franchise sequels underperforming and certain pricey movies failing to attract an audience. Kevin Lincoln, a senior editor at New York Magazine and Vulture, takes a look at this summer’s biggest flops and predicts which mega-budget releases might suffer a similar fate as we round out the year.
In China it might be more difficult to know which movies are box office disappointments or crowd favorites since online and mobile ticketing companies have been offering hefty subsidies to cinemagoers in their heated battle for market share. This means the gross of any release is almost always higher than what moviegoers actually paid to see it.
We’ll also dip back into audience figures from the recently completed Summer Olympics in Rio. This time however we have some data about viewership in Europe, Canada and elsewhere. To nobody’s surprise, more people streamed coverage online than ever before.
Of course we also cover the week’s top entertainment news including how Netflix international subscribers will soon outnumber those in the United States, a changing of the guard at Twentieth Century Fox gets expedited and the late Prince’s home and music studio is set to become a museum.
August 22, 2016
We keep hearing that cord-cutting is going to destroy the U.S. cable industry. But SNL Kagan analyst Ian Olgeirson says the economic outlook for the business over the next decade is actually quite solid. Olgeirson joins us to explain how cable companies are turning cord-cutters into more profitable cord-swappers and what that means for their long-term health.
Meanwhile, for the 2016 Summer Olympics in Rio you didn’t need to have a cable subscription since so much of the action was streamed live online. In fact, while television viewership may not have reached the levels some networks around the world had hoped, a record number of hours were streamed over the Internet from this year’s games.
We also launch a new segment that tells you the one new book worth reading out of the thousands that are published each week, as listed on BookFilter, a book lover’s best friend.
Of course we also cover the week’s top entertainment news including the dispute over Tom Cruise’s salary for “Mission: Impossible 6”, the power struggle at Viacom nears a resolution and Barbara Streisand tells Apple’s Siri how to pronounce her name properly.
August 16, 2016
In a scathing open letter published last week, an alleged ex-Warner Bros. employee took the studio and its chairman Kevin Tsujihara to task for a number of recent missteps. The author mocks studio brass for doubling down on the talent delivering critical duds such as “Batman v Superman” and their inability to make a hit movie, despite somehow managing to keep their jobs.
Though the veracity of the letter is questionable, it caused ripples in Hollywood not because it revealed a trove of inside secrets, but more due to the fact that it publicly stated what so many have been whispering about Warner Bros. lately; a lack of leadership and a confused executive team have led to a year of mixed results.
Meanwhile, we’ve been watching the Rio Olympics, along with three or four billion viewers around the world. Despite audience figures that are down from the London games in numerous territories, the Summer Olympics is arguably still a ratings juggernaut hard to compete against, giving networks broadcasting the event a serious advantage.
Of course we also cover the week’s top entertainment news including how a Netflix documentary helped overturn a murder conviction, why Thomas Gibson got fired from “Criminal Minds” and Comedy Central cancels “The Nightly Show”.