Showbiz Sandbox 653: Godzilla and Kong, Once Again, Prove Movie Theaters Aren’t Dead
April 2, 2024
The monstrous global box office opening of “Godzilla x Kong: The New Empire” may have been a surprise to film critics or anyone paying attention to industry tracking in advance of its release, but it surely proves that if you put movies in movie theaters, audiences will show up. Especially if those theaters offer premium auditoriums like IMAX. Even “Oppenheimer” opened well in Japan over this past weekend, becoming filmmaker Christopher Nolan’s biggest debut.
Meanwhile, the Walt Disney Company and the State of Florida have made overtures toward settling their recent legal disputes. As we predicted, despite the battle in the court of public opinion, it will all come to nothing.
Of course we also cover the week’s top entertainment headlines including Paramount Global’s ongoing financial woes, the discovery of some new Marvin Gaye music and how vinyl records are outselling compact discs.
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Showbiz Sandbox 626: Will Disney’s Big Wager On Sports Betting Pay Off?
August 15, 2023
Though Disney had previously dismissed the idea of venturing into sports betting, saying it didn’t fit the company’s image, the media giant signed a billion dollar agreement this week with a little known online gambling company. The move comes as Disney’s linear television revenue is declining with no end in sight and losses for its streaming service continue to mount. Will ESPN Bet help bolster Disney’s balance sheet?
Meanwhile the dual writers and actors strikes continue though the AMPTP held what was reportedly a productive conversation with the Writers Guild over the past week. Hollywood will need to get comfortable with holding labor negotiations since more of its workers are opting to unionize.
Of course we also cover the week’s top entertainment headlines including why Paramount is selling publishing giant Simon & Schuster, India has one of its biggest box office weekends of all time and why you might not want to work for Lizzo anytime soon.
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Showbiz Sandbox 612: No Easy Cure for Concert Ticket Troubles
March 28, 2023
Everyone from fans of popular music groups to Broadway regulars are still facing angst and high prices when buying tickets. When the English rock band The Cure decided to forego dynamic pricing and charge only $20 to verified fans for tickets to their upcoming tour, the service fees and facility charges added up to more than twice that amount. Now lead singer Robet Smith is calling out Ticketmaster to explain how this could happen.
Meanwhile, the awards season officially comes to an end as the 48th Annual IRA Awards are announced, highlighting at least 30 films, some of which were previously overlooked and definitely worth checking out.
Of course we also cover the week’s top entertainment headlines including the controversy over Disney’s firing of a top executive at Marvel, how ad supported streaming services are making their presence known and Apple plans to spend big money to make original films for movie theaters.
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Showbiz Sandbox 609: Consumers Are Spending A Fortune on Home Entertainment
February 28, 2023
According to Digital Entertainment Group, consumers in North America spent $37 billion on home entertainment in 2022. That includes not only spending on streaming services, but also DVD, Blu-ray and digital sales. Not to mention physical and digital rentals. And none of these figures includes spending on cable television.
Meanwhile, awards season is in full swing with the SAG Awards, PGA Awards, Annies and the Cesars all being handed out over the past week. We’ll give you the quick summary and what it all means for the Oscars.
Of course we also cover the week’s top entertainment headlines including how Warner Bros. Discovery and Paramout are in a dispute over “South Park,” Stephen Fry will host “Jeopardy” in the United Kingdom and new “Lord of the Rings” movies are in the works.
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Showbiz Sandbox 598: Streaming Growth Goes International
November 9, 2022
It’s no secret that streaming services have been affecting every part of the entertainment business in one way or another, from movies and television to music sales and book publishing. After the latest round of earnings announcements from major media conglomerates a few realities become clear; producing original content for direct-to-consumer streaming offerings is costing a fortune and any significant subscriber growth is going to come from overseas territories.
Meanwhile, Taylor Swift’s latest album, “Midnights” might be topping the sales and Billboard charts, however it won’t be eligible for a Grammy in 2023 because it was released after September 30th of this year. The same goes for Bruce Springsteen, Charlie Puth, Gorillaz, Red Hot Chili Peppers, 1975, Carly Rae Jepsen, Arctic Monkeys and Smashing Pumpkins. On the other hand, Silk Sonic have decided not to have their debut album compete for an Album of the Year Grammy.
Of course we also cover the week’s top entertainment headlines including why K-Pop phenoms BTS are headed to the army, how the performing rights organization BMI is becoming a for-profit entity and embattled actor Kevin Spacey is found not liable in a sex abuse lawsuit.
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Showbiz Sandbox 589: Should Music Be Produced and Sold Like Fine Art?
July 20, 2022
In an effort to make music valuable again, producer T Bone Burnett is getting behind a technology that allowed him and Bob Dylan to create a one-off re-recording of “Blowin’ In The Wind” and then auction it off for $1.8 million. But can recordings be treated the same way as paintings are in the art world? If musicians limit the reproduction of their work will it really become more valuable?
Meanwhile the Emmy Award nominations were announced last week with hit series from HBO and HBO Max helping the network garner 140 nods. Netflix made history with “Squid Game” becoming the first non-English language show to be nominated for Best Drama Series.
Of course we also cover the week’s top entertainment headlines including why comedian Lewis Black is suing Pandora, the reason Shawn Mendes is pausing his world tour and how Iran is jailing its leading film directors.
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Showbiz Sandbox 573: Paramount Takes A Global Approach to Streaming
February 21, 2022
During its most recent earnings call ViacomCBS outlined how they plan on reorganizing the media giant to compete with streaming leaders such as Netflix. First they are bringing content from all of their current services into Paramount+ and retaining the rights to popular programming such as “South Park.” They announced a glut of new projects including a new “Star Trek” movie and to hammer the point home changed the company name to Paramount Global. Wall Street immediately responded by selling off shares.
Meanwhile, the Academy Awards announced their COVID health and safety guidelines for this year’s Oscars ceremony. Masks and proof of vaccine will be required, depending on who you are, where you’re sitting and whether you’re appearing on the telecast. Everyone seems to agree, the rules are confusing and don’t seem to make much sense.
Of course we also cover the week’s top entertainment headlines including how actor Tom Holland is ruling the box office in two different movies, more leadership shakeups at CNN and Netflix strikes a deal with comedian Dave Chappelle.
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Showbiz Sandbox 543: Amazon Grabs a Lion’s Share of MGM
June 1, 2021
In a move that had been rumored for weeks, Amazon became the first tech company to purchase a Hollywood movie studio in an $8.45 million deal. The acquisition will arm Amazon with over 4,000 movies like the Bond Franchise, “The Pink Panther” and “Robocop,” not to mention upwards of 17,000 television episodes. The real question is why did it take so long for a tech giant to buy a movie studio?
Meanwhile, a holiday weekend helped spark the post-pandemic North American box office as movies that were originally scheduled for release last year opened in theaters. Some new titles like “Cruella are also available on VOD at the same time. Is day-and-date releases hurting the box office prospects of such films?
Of course we also cover some of the week’s top entertainment headlines including the Academy Awards returns to its normal schedule, HBO Max is moving into Latin America and why “Friends” was censored in China.
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Showbiz Sandbox 531: Uncovering A Diverse Set of Problems at the Golden Globes
March 2, 2021
A week before the Golden Globes, Stacy Perman and Josh Rottenberg of the Los Angeles Times wrote investigative pieces detailing conflicts of interest and a lack of diversity within the Hollywood Foreign Press Association; the tight knit and tight-lipped group of 87 international journalists who nominate and choose the winners each year. Perman joins us to discuss her work on the story, which was picked up by every major media outlet, and the immediate impact it had on this year’s Globe’s ceremony. Whether it will be enough to change the behavior and makeup of the HFPA remains to be seen.
Meanwhile, Viacom announced a slate of programming for their new streaming service, Paramount+. Along with 2,500 movies, 30,000 episodes of television and live sporting events, the company will be rebooting hit series such as “Fraiser” with their original cast. The company also revealed that blockbuster films such as “Mission:Impossible 7” and “A Quiet Place II” will debut on Paramount+ just 45 days after their theatrical release.
Of course we also cover some of the week’s top entertainment headlines including this year’s Art Directors Guild Award nominees, why kill fees might be coming to international film sales and recorded music grosses passed $12 billion in North America during 2020.
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Showbiz Sandbox 526: Hollywood Reshuffles 2021 Blockbusters
January 26, 2021
The coronavirus pandemic continues to wreak havoc throughout the film industry. With most movie theatres around the world currently closed due to COVID, Hollywood studios have delayed almost all of their major releases into the latter half of this year. There is even talk that the Cannes Film Festival will move from May to sometime in July.
Unlike cinemas, streaming media companies are currently thriving, with Netflix surpassing 200 million subscribers worldwide. Despite all of the competitors entering the marketplace, the company set a record high stock price after announcing they won’t need to borrow any additional money to fund new content.
Of course we also cover some of the week’s top entertainment headlines including the new “High School Musical” generates a chart-topper, Viacom changes up its streaming strategy and Spotify ventures into audiobooks.
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