Showbiz Sandbox 530: Spotify Leans Into Original Content
February 23, 2021
Spotify continues to be the most popular music streaming service in the world growing 24% over the past year to 155 million paid subscribers. However as the subscriber count rises, so too does the amount Spotify must pay in royalties. This might be why the company has been focusing on exclusive original content such as podcasts for which they don’t have to share revenue.
Meanwhile, the box office continues to recover from the pandemic, at least in China which set new records over the Lunar New Year holiday, proving that moviegoers actually will return to the cinemas when given the opportunity. Hollywood is rejoicing, even if North America and Europe is still six months away from getting back to normal.
Of course we also cover some of the week’s top entertainment headlines including the BBC’s new streaming service, Roku’s surprise profit and this year’s Writers Guild Award nominees.
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Showbiz Sandbox 293: Why Forecasting Box Office Has Become So Difficult
September 7, 2015
Though this year’s North American summer box office may wind up being the second biggest on record at $4.4 billion, movie studios are finding it far more difficult to predict opening weekend grosses. An article in the Hollywood Reporter details how tracking pre-release box office has become unreliable in an age when social media buzz and movie review aggregation have become so prevalent.
Word-of-mouth can now spread so quickly that movies like “Ted 2” can be doomed 24 hours after release, opening 33% below its estimated $50 million first weekend gross. And it’s not just flops that suffer tracking mishaps, as evidenced by “Jurassic World” bowing to $208 million, 60% more than originally anticipated.
Until now, Apple hasn’t had to worry about movie box office or even television ratings, but all that might change if rumors the company is getting into producing original content are at all true.
Of course we also cover the week’s top entertainment news including why Aretha Franklin wound up in court last week, why DreamWorks is leaving Disney and who the Academy selected to produce next year’s Oscar telecast.
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