February 6, 2017
President Donald Trump’s selection of Ajit Pai to chair the Federal Communications Commission has moved quickly to rollback consumer protection regulations long thought to be settled; specifically net neutrality. Rules put in place to ensure an open internet allowing every company to compete on equal footing could get thrown out for ones that favor four telecom giants. That could mean record labels, movie studios, streaming music and video providers wind up paying much more to reach audiences.
In addition, Pai threw out proposed rules that would have allowed cable subscribers to purchase their set top boxes. Consumers in the United States presently pay $200 or more per year to rent such equipment putting $20 billion annually into the pockets of video providers. Will legislative bodies in other countries take similar stances in the wake of such F.C.C. moves?
This all comes as streaming music revenue has helped slow or reverse years of declining income sales for record companies. Nielsen music reports that streaming platforms provided 38% of total audio consumption in 2016, up from 23% in 2014. In fact, these days a glut of streaming music providers are trying just about everything to differentiate themselves in what has become a crowded marketplace.
Of course, we also cover the week’s top entertainment news stories including Disney’s $100 million anti-poaching settlement with animators, Oprah Winfrey joins “60 Minutes” and which media outlets have backed out of the annual White House Correspondents Dinner.
August 6, 2012
Though the summer movie season isn’t quite over, its never too early to start debating which of this year’s crop of releases will have studio heads clamoring for a sequel. It’s safe to say neither “John Carter” or “Battleship” will get the sequel treatment. But what about hits such as “Men In Black”, “Ice Age”, “Madacascar” and “Ted”? The Hollywood Reporter has the lowdown on what studio heads are thinking, and it’s always fun trying to second guess them.
Speaking of summer blockbusters, the Olympics continues to pull in huge viewership for broadcasters around the world. In the United Kingdom, the host nation for this year’s games, the BBC has gone interactive with its broadcasts by allowing viewers to program special channels with coverage of any event they want to see.
Meanwhile, a number of large North American cable providers held their second quarter earnings calls last week. Despite a declining subscription base and increased content costs, profits at the companies are up and their executives couldn’t be happier. We’ll tell you why.
We also cover the week’s top entertainment headlines including Snoop Dogg’s reggae transformation, rumors that Nick Jonas will join “American Idol” and a new poll dethrones “Citizen Kane” and crowns a new winner as the greatest film of all time.
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.