Showbiz Sandbox 469: Hollywood Unions Set For Fight Over Streaming Residual Payments
November 17, 2019
As television networks turn from linear broadcast methods to consumer streaming platforms a brewing battle over residual payments has the potential to spark a dual union strike in the middle of next year. Jonathan Handel, an entertainment attorney and a contributing editor at The Hollywood Reporter, joins us to discuss how the lack of data coming from streaming giants could lead to a standoff between major guilds and producers.
Indeed, in mid-2020 the master contacts between the Alliance of Motion Picture and Television Producers and the Directors Guild of America, The Writers Guild of America and SAG-AFTRA are set to expire. By now negotiations on new contracts would be well underway. Instead talks have stalled as unions try to revise the formulas used by streamers to make residual payments to their members. Given the timing, it’s a perfect storm for a potential massive industry work-stoppage.
Meanwhile, the Broadway musical “Tootsie” is closing long before it recoups its production costs. Michael Riedel of the New York Post has a host of reasons for why this critic’s darling didn’t click, however only one of them makes sense; the show’s music wasn’t all that great.
Of course we also cover the week’s top entertainment headlines including how Amazon has followed Netflix in deciding not to publish box office figures for its films, George Lucas revises the original “Star Wars” once again and Taylor Swift gets into a public spat with her former record label.
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Showbiz Sandbox 413: Let the Media Merger Mania Commence
June 18, 2018
In one of the most significant antitrust cases in decades, last week a federal judge cleared the way for AT&T to complete its acquisition of Time Warner, ruling that the Department of Justice failed to make a convincing argument the deal would be bad for consumers. The decision opens the door for what many believe will be a wave of corporate mergers as existing media outfits look to thwart off threats from tech giants entering the space such as Amazon, Apple and Netflix.
Evidence of this was apparent within days as Comcast made an official all-cash offer to acquire a majority of Twentieth Century Fox’s assets. The Fox board will meet this week to decide who will wind up acquiring them; Disney or Comcast.
We follow up the Tony Awards to applaud its big winner “The Band’s Visit,” celebrating the success of indie producers on a Great White Way dominated more and more by corporations. We also shoot down the idea that winning the Tony for Best Musical isn’t a boost at the box office.
Of course we also cover the week’s top entertainment news including how Bryan Singer will wind up with director’s credit on the Queen biopic from which he was fired, Oprah Winfrey signs a deal with Apple and why a tax scandal in China over a major star’s salary has the industry on edge.
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Showbiz Sandbox 410: In a Global Landscape the Cannes Film Festival Remains as Relevant as Ever
May 21, 2018
Despite all the griping over the lack of glitz and glamour, or at the very least big movie stars, at this year’s Cannes Film Festival, the event lived up to its reputation for programming some of the most artistic movies currently being made around the world. When the Palm d’Or was handed out over the weekend it went to Japanese director Hirokazu Kore-eda for his touching family drama “Shoplifters.” Spike Lee’s “BlacKkKlansman” won the Grand Jury Prize and the Lebanese filmmaker Nadine Labaki was awarded the Jury Prize for her movie “Capernaum,” about a scrappy young boy dealing with the hardships of life ont he street in Beirut.
China too is becoming more diverse when it comes to the movies it is allowing in multiplexes. While Hollywood was quick to dominate the market with big blockbusters, Chinese distributors showed up in Cannes to acquire mid-budget titles from around the world.
Meanwhile, the mounting number of mergers and acquisitions of global media companies have begun to cause a chain reaction where each deal may affect the next. The latest merger has caused CBS to sue its parent company to prevent a merger with Viacom.
Of course we also cover the week’s top entertainment news including a movie deal for a Lin Manuel Miranda musical, YouTube tweaks its music subscription service and Congress looks to extend copyright protections.
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Showbiz Sandbox 372: Firing Movie Directors Has Become A Complicated Business
June 26, 2017
Hollywood history is littered with tales of filmmakers being replaced on projects in the middle of production. But when LucasFilm fired directors Phil Lord and Chris Miller from the stand-alone Han Solo project with just a few weeks before principal photography was completed, it raised a host of questions that needs to be addressed by the industry at large.
For instance, who will receive directing credit now that Ron Howard has signed on to complete the movie? And how will residuals and profit participation be handled? In an age when blockbusters are being manufactured by media conglomerates with oversight committees, the frequency with which these questions need to be answered is likely to increase.
Meanwhile, in China the government may have its own questions about where Wanda is finding all the money to acquire cinema chains such as AMC, Odeon and Hoyts, not to mention production companies such as Legendary. There are rumors that the country’s banking regulators are looking into whether all that debt financing is on the up-and-up.
Of course, we also cover the week’s top entertainment news including Time Warner’s plans to start making shows for Snapchat, “NCIS” continues to win awards for being the most watched television series in the world and three-time Oscar winner Daniel Day-Lewis announces his retirement from acting.
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Showbiz Sandbox 338: CBS and Viacom May Wind Up Together After All
October 4, 2016
After originally splitting 10 years ago, Viacom and CBS may once again become a single organization. While a merger may help save Viacom, it doesn’t necessarily benefit the cash rich CBS. Even so, since the Redstone family owns the controlling share of both companies, it seems inevitable the two will once again be joined whether they like it or not.
Meanwhile the Federal Communications Commission has paused its attempt to wrestle the control of television set-top boxes away from cable providers, delaying a vote in order to clarify some of the rules included in the proposed legislation. That means consumers in the United States will still spend $20 billion for at least the next two years renting cable boxes.
At the box office, “Miss Peregrine’s Home for Peculiar Children” helped reverse the fortunes of Tim Burton’s latest films and even “Deepwater Horizon” may be not be the disaster some had predicted.
Of course we also cover the week’s top entertainment news including why NBC is dumping its “Mail Order Bride”, Disney plans on making a live-action version of “The Lion King” and a huge chunk of Rolling Stone magazine gets sold off.
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Showbiz Sandbox 241: YouTube Gets Tough With Indie Record Labels
June 23, 2014
As YouTube gets set to launch its own streaming music service the company is updating existing partnership contacts with record companies. While all of the major labels have signed on, some independent labels are balking at what they consider unfair terms. Now, YouTube is threatening to block the content of any label refusing to enter into its new licensing contracts, a move that is proving hugely controversial and divisive throughout the tech and entertainment industries.
Speaking of contracts, when it came to negotiating the deal for his latest film “Boyhood”, director Richard Linklater gave up a large part of his usual salary to assure he would actually own a piece of the movie it took him 12 years to complete. Will more filmmakers decide to forfeit their upfront fees and begin taking ownership stakes in their projects, or is Linklater’s move a one-off?
Musician Jack White probably isn’t setting any trends either, at least not for vinyl records. His new album sold 40,000 on vinyl during its first week of release though that can probably be attributed to all the nifty extras White included on the vinyl version such as hidden tracks and alternate versions rather than any ongoing interest in the analogue medium.
Of course, we also cover the week’s top entertainment news stories including why “Sesame Street” is getting shorter, Netflix plans on producing a talk show with Chelsea Handler and Disney nails down another director for its “Star Wars” franchise.
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Showbiz Sandbox 237: Cannes Lives Up To All The Hype
May 27, 2014
Turkish director Nuri Bilge Ceylan took home the Palm d’Or at this year’s Cannes Film Festival for his movie, “Winter Sleep”. The slow-paced character drama set in a picturesque corner of Apollonia faced stiff competition from Xavier Dolan’s “Mommy”, Andrey Zvyaginstev’s “Leviathan” and even Jean-Luc Godard’s latest film. Overall, this year’s festival managed to surpass everyone’s already high expectations.
As May draws to a close, so too does this past year’s television season. Scripted series continue to gain significant viewership when accounting for delayed viewing, but what’s most noticeable about this year’s top 20 ratings winners is how long-in-the-tooth some of the shows are.
Meanwhile, the final cost of finishing “Fast & Furious 7” after the death of actor Paul Walker last November has yet to be tallied, however it’s shaping up to be one of the most expensive insurance claims in motion picture history.
Of course, we also cover the week’s top entertainment news stories including some creative differences at Marvel, Amazon’s silent war with publishers and the Supreme Court’s decision in an important copyright infringement case.
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Showbiz Sandbox 226: Back To The Future – Why TV Networks Suddenly Love Old People Again
February 24, 2014
Broadcast television networks are finally catching on to what most of us have known all along; people over the age of 50 actually watch a lot of TV. In a never-ending pursuit to attract younger viewers, networks discovered that baby boomers make up a large portion of their audience. Surely we’ll be seeing a lot more programming meant to appeal directly to this new found demographic.
Maybe some of these new, more mature shows can be turned into movies one day. That seems to be the new trend in Hollywood as studios get set to release two movies that are spun-off from canceled series (“Veronica Mars”) or are have actually already appeared on television as mini-series (“Son of God”).
Speaking of Hollywood studios, it turns out that despite crying poor on a perennial basis, they all managed to make hundreds of millions of dollars in profit during 2013. Not revenue… actual profit.
Of course, we also cover the week’s top entertainment news stories including Cee Lo Green quitting “The Voice”, CNN quitting Piers Morgan and the end of Moviefone’s movie listing service.
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Showbiz Sandbox 101: How Jay-Z Went From Street Corner To Corner Office
May 2, 2011
Starting out on the streets of Brooklyn, New York as a drug dealer in the late 1980s, hip-hop star Jay-Z has transformed himself into a recognizable brand encompassing music, clothing, restaurants, nightclubs and an NBA basketball team. Our guest this week is Forbes staff writer Zack O’Malley Greenburg who tells the improbable story of how Jay-Z rose to the top of the business world in his new book, “Empire State of Mind: How Jay-Z Went from Street Corner to Corner Office
Another brand that has proven their business acumen is home video subscription service Netflix. The company, which reported record first quarter numbers this past week, soon will have a number of competitors, including the likes of YouTube, DirecTV and Comcast.
Maybe Vin Diesel can turn himself into a mega-brand, proving he can still open a film on a global scale with “Fast Five”, the fifth installment in the “The Fast and The Furious” franchise. The film earned mega-bucks this past weekend, despite being up against the summer blockbuster “Thor” in international territories.
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