April 4, 2017
Cinema operators gathered in Las Vegas last week to attend the annual CinemaCon trade show where they were able to preview upcoming film releases and learn about some of the new technology on offer for their theatres. Naturally, box office was a big topic with global ticket sales (barely) hitting a record $38.6 billion. Even with a strong U.S. dollar, international box office still made up 71% of the total.
Another issue on everyone’s mind were theatrical release windows; studios want to introduce a premium video on demand offering that brings new releases to the home sooner, though exhibitors are understandably pushing back.
Meanwhile, there may be no movies to show in cinemas if screenwriters goes on strike. The Writers Guild of America has been meeting with producers and studios, however the sides are far apart in their negotiations and a strike is looking more likely.
Of course, we also cover the week’s top entertainment news stories including Robert Downey Jr. as Dr. Dolittle, why major advertisers are upset with YouTube and Adam Sandler reups with Netflix.
March 13, 2017
Trade unions and guilds are not a new concept in the entertainment industry, yet they seem to be making headlines lately as more niche craftspeople elect to join them or have them negotiate their contracts. Last week the largest employer of Spanish-language performers in the U.S. voted to join SAG-AFTRA and the United Scenic Artists, which represents set designers on Broadway, was able to sign its first contract with the League of Off-Broadway Theatres & Producers.
One major reason for all this recent union activity is the growing number of entertainment industry workers whose pay falls below a living wage. When the star of a hit telenovela airing on an NBCUniversal network needs to hold a second job as an Uber driver, you know there must be a problem.
Meanwhile, the influx of financing into Hollywood coming from China may be coming to an end. The Chinese government has begun to restrict the outflow of capital from the country to stem what they deem “irrational” foreign investments while at the same time stabilizing local currency. This new regulatory oversight helped kill Wanda’s $1 billion deal for Dick Clark Productions.
Of course, we also cover the week’s top entertainment news stories including how a rapper made history by knocking himself off the top of the album charts with his next release, HBO heads to Latin America with original programming and why we’ll have to wait a little longer for those “Avatar” sequels.
February 20, 2017
FCC Commissioner Michael O’Rielly has a history of voting against raising the standard level of what constitutes high-speed broadband service. Now he’s publicly dismissed 4K video streaming as a figment of the future, so far off it won’t be adopted for many years. Could O’Rielly be correct in his dim forecast about the foreseeable future of Ultra HD? Short answer: no.
The arguments against media technology adoption revolve around the availability of content and devices. However, neither seems to be presently lacking. More and more consumer electronics manufacturers are phasing out HD televisions in lieu of new 4K models, while the likes of Netflix and Amazon offer 4K streaming of movies and television shows.
Meanwhile, we review the latest accolades handed out by the Writers Guild and the Berlin Film Festival as we gear up for next week’s Oscar ceremony by making a few haphazard predictions of our own.
Of course, we also cover the week’s top entertainment news stories including why Disney is dumping a YouTube star, the New York Times is ditching one of its longtime theatre critics and the reason Playboy magazine is going all in on nudity.
January 16, 2017
Looking at how the publishing industry fared over the past year it quickly becomes apparent that there aren’t a lot of hard sales figures thanks to online retailers which don’t publish such data. With e-books accounting for 70% of all adult fiction purchases in 2016 the industry has become impossible to track. One measurable trend however is the record number of e-books being borrowed from traditional libraries.
Meanwhile, the box office has already claimed its first victims of the new year, with three high profile films tanking in their debut weekend. Does this mean Hollywood movie stars can no longer ensure a decent opening weekend?
Maybe moviegoers were simply catching up on all the year end movies that are being hailed during awards season. Nominations were announced last week by the guilds representing directors, producers, cinematographers and costume designers.
Of course we also cover the week’s top entertainment news including layoffs at Pandora, a Jimmy Buffett musical has plans for Broadway and George Lucas brings his long planned museum to Los Angeles.
September 26, 2016
After more than a decade in decline, the sale of recorded music in the United States is set to grow for the second straight year thanks to increased revenue earned from music streaming services such as Spotify. Even so, the music industry is taking in half of what it earned at its peak late 1990s because streaming revenue hasn’t made up for the falloff in actual sales.
Meanwhile, the Dalian Wanda Group continues its invasion of Hollywood by cutting a deal with Sony Pictures to market movies in China. Wanda can practically guarantee the success of a new release given that it controls the largest movie theater chain in China ensuring a film will be scheduled heavily when it opens.
There is no sure bet at Viacom however as the media giant’s leadership remains in turmoil. It’s interim CEO is stepping down sooner than expected and the vice chairman of Paramount Pictures is also exiting. Then last week the company announced it would take a $115 million loss on a movie that hasn’t even been released yet.
Of course we also cover the week’s top entertainment news including a new law requiring websites like IMDb remove an actor’s age upon request, the BBC gets into a bake off battle and why Netflix is getting more original every day.
August 1, 2016
Rumors about how Apple plans to conquer television have circulated for years. Initially it was thought the company intended to manufacture a television set. This led to speculation that it was putting together an over-the-top alternative to cable. Now reports have emerged that numerous deals between Apple and the TV industry have collapsed over the company’s aggressive negotiating tactics. Did Apple blow it by trying to tackle too much at once, or did television networks simply feel threatened?
We’ll also spend some time catching up on international movie box office. As much as Hollywood has discovered the benefits of doing business around the globe, so to have its movie stars and filmmakers. In addition, we discuss the flurry of mergers and acquisitions activity taking place among some of the world’s leading cinema chains.
In the publishing world it turns out that 2015 was a pretty good year with over $28 billion in sales just in North America. As well, it appears the release windows between formats like hardcover, paperback and e-books are collapsing or becoming non-existent.
Of course we also cover the week’s top entertainment news including the official end of the VCR, Netflix nabs the new “Star Trek” series and why the final installment of the “Divergent” franchise is headed straight to television.
June 27, 2016
Thanks to the passage of a referendum in the United Kingdom dubbed Brexit, Britain will soon be leaving the European Union. Entertainment companies beyond those in the UK suddenly face a lot of uncertainty and confusion over deals they have already made and will be making in the months and years to come. We discuss how the Brexit vote may affect the entertainment industry.
In other troubling news, the long awaited (as in 20 years) sequel to “Independence Day” opened to disappointing box office returns. This has led to industry pundits spouting erroneous lessons Hollywood can take away from its release. Knowledgeable nuggets such as don’t wait too long to make a sequel (or did they forget about “Star Wars”) and don’t make sequels without the original star (though “Jurassic World” proved that theory wrong just last year).
We also take a look at virtual print fees or VPFs. A letter from one of our listeners asked us to clarify how small independent distributors can afford them. So, we review the history of VPFs, how they work around the world and when studios will stop paying them to theater owners.
Of course we also cover the week’s top entertainment news including a court decides that legendary rock band Led Zeppelin didn’t plagiarize its biggest hit, “Mr. Robot” gets more episodes in its second season and “Star Trek” fan films get a green light from Paramount Pictures (sort of).
June 20, 2016
It would seem keeping one’s job as a senior executive at a major Hollywood movie studio has become much harder of late. Last year both Paramount and Sony Pictures replaced their studio heads. Now the executive shuffles at Sony and Fox, as well as the turmoil at Viacom, have our heads spinning. We’ll be joined by Anne Thompson of Indiewire who explains why Hollywood is in turnaround.
We also breakdown the past week’s worldwide box office, where a little fish swam a long way. Apparently audiences hadn’t forgotten the forgetful character from “Finding Nemo” and thus turned the Pixar movie “Finding Dory” into a box office smash.
Amazon plans to expand its streaming music service, but will it be worth listening to? Meanwhile, CBS won a potentially significant lawsuit when it argued successfully that a remastered album can in fact be considered a brand new work in terms of copyright.
Of course we also cover the week’s top entertainment news including the Tony Awards telecast get a ratings bump, Disney opens a theme park in Shanghai and ESPN devotes itself to soccer (or football, depending where you live).
February 29, 2016
In a year when the Academy Awards were faulted for a lack of diversity among its nominees, ceremony host Chris Rock addressed the #OscarsSoWhite controversy head on in his opening monologue by mixing pointed criticism with biting humor. Anne Thompson, Indiewire’s editor at large, brings us along as she attends the 88th annual Oscars and explains just how difficult it was to predict this year’s winners.
Mind you, award season never really ends. France handed out their own awards for last year’s top movies and we’ll tell you who won all the big prizes at the Cesars. We even look at the nominations for the Olivier Awards, the London theater equivalent to the Tonys. Literally hours after winning his first Oscar, Mark Rylance was nominated again, this time for his performance in “Farinelli and the King”.
Meanwhile, Barnes & Noble is planning to imitate its online rival Amazon by, oddly enough, opening new brick and mortar stores. And a reissue of the Alex Haley bestseller Roots brings up everything from copyright to the question of when a book goes out of print to ebook pricing.
Of course we also cover the week’s top entertainment news including how Netflix and other streaming services have decimated video sales, PBS will launch its own cable network and Adele tops the Brit Awards.
February 2, 2016
This year’s Sundance Film Festival wrapped up over the weekend in historic fashion by awarding the dramatic competition grand jury and audience prizes to “The Birth of a Nation”, a historical biopic a Virginian slave revolt. The film made headlines earlier in the week when Fox Searchlight purchased the film for a record $17.5 million after beating out Netflix in a heated bidding war.
We’ll tell you about all the big Sundance awards and continue the Oscar season slog, in which this year’s front runners are as mixed up as a Republican presidential primary. SAG added to the confusion, making “Spotlight” this week’s hero, after “The Big Short” looked like a winner the week before.
Meanwhile the Federal Communications Commission is about to vote on ending the monopoly of set top boxes for US cable subscribers, a decision that could have big ramifications for everything from what you watch to the stock prices of numerous tech companies, including Apple and Roku.
Of course we also cover the week’s top entertainment news including Louis CK bypasses television networks and brings his new series directly to viewers, Pope Francis gets ready for his closeup in a feature film and sales of new music were outpaced by catalogue titles over the past year.