Showbiz Sandbox 283: Why Apple Is Cannibalizing Its Own Music Sales

June 16, 2015

Apple finally announced its long rumored music streaming service last week, which is meant to compete with market leaders Pandora and Spotify. The offering seems in direct conflict with the ongoing business of the largest music retailer in the world, but as Ryan Faughnder of the Los Angeles Times points out, Apple may have had no choice since iTunes digital music sales have significantly decreased.

Now, the music industry is hoping that Apple can ride to their rescue once again, as they did with digital music previously, by attracting the large subscriber base required to make music streaming profitable. Faughnder gives us his thoughts on what the new service means to the business, and tells us how competitors have responded to Apple’s entrance into the market.

There seemed to be no competition for “Jurassic World” during its theatrical debut. The film was released globally and gobbled up opening weekend box office records both in North America and internationally, earning more $500 million in just three days. That gross is more than the combined weekend receipts for every other film currently in theaters worldwide.

Of course, we also cover the week’s top entertainment news stories including Rupert Murdoch steps down as CEO of 21st Century Fox, video games get their own hall of fame and what happened when Dave Grohl of the rock band Foo Fighters broke his leg in the middle of a concert.

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Showbiz Sandbox 281: Literati Get Down To Business at BookExpo and BookCon

June 2, 2015

BookExpo America and BookCon are two of the most important events in the North American book publishing business. BEA is a trade show where the publishing industry talks to itself. Editors, writers, publicists, librarians and bookstore owners all get together for meetings and professional seminars.

BookCon is where the publishing industry talks directly to the world through a conference aimed at book lovers. There are loads of author talks, book signings and even movie screenings. Our own Michael Giltz attended both shows last week and fills us in on all the emerging industry trends and hot new titles.

Meanwhile, Broadway is gearing up for the Tony Awards next weekend to honor the best and brightest productions from the past year. They have a lot to celebrate too, as the most recent Broadway season set a number of records, grossing a record $1.3 billion and selling 13.1 million tickets in all.

Of course, we also cover the week’s top entertainment news stories including why Iggy Azalea canceled her upcoming tour, why film composers are suing Hollywood studios and China cracks down on reality television.

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Showbiz Sandbox 269: When Journalists Make Headlines Instead of Report Them

February 17, 2015

Last week a number of respected journalists who have won praise after decades of reporting the news actually wound up in the headlines themselves. First Brian Williams, the anchor of NBC Nightly News was suspended for six month by the network when allegations arose that he exaggerated his experiences while reporting on the Iraq War. Then, esteemed New York Times media columnist David Carr suddenly died after collapsing in the newsroom leading to an outpouring of condolences.

Ironically, overshadowing both of these events was an announcement from Jon Stewart, a self-professed “fake journalist” that he would be leaving “The Daily Show” after 17 years as it’s host. Such news must have executives at Comedy Central reeling, since it comes on the heels of Stephen Colbert’s departure from the network.

On the other hand, Spider-Man isn’t going anywhere. He’s going to stay at Sony, however will be loaned to Disney for appearances in Marvel’s multi-character movies. The studio also plans to once again reboot the Spider-Man franchise by recasting the role.

Of course, we also cover the week’s top entertainment news stories including the huge opening weekend for “Fifty Shades of Grey”, Netflix heads to Cuba and the latest awards season winners.

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