Showbiz Sandbox 296: Entertainment Industry Numbers Are Often A Comedy of Errors

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.

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Showbiz Sandbox 204: The Argument Over Broadcast Retransmission Consent Fees

After a programming blackout that lasted more than month Time Warner Cable came to an agreement with CBS over retransmission consent fees. Unless the 20-year-old retransmission consent legislation is revised or updated, the number of network blackouts will continue to increase. Unfortunately the real losers in all such disputes are consumers.

The Time Warner Cable-CBS deal was reached just as the new television season is about to begin. We’ll review some new series that have potential and are worth catching, as well as a few you might want to avoid.

Meanwhile, the book publishing industry was in the news last week with Amazon announcing plans to bundle e-books with the sale of traditional print copies, and a new startup hoping you’ll stop buying books altogether and simply rent them.

Of course we also cover the week’s top entertainment news including declining attendance on Broadway over the summer, Bruno Mars heads to the Super Bowl and a major personnel change at the Academy of Motion Picture Arts and Sciences.

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