Showbiz Sandbox 219: The Business of Show Was Profitable In 2013

Almost every sector of the entertainment industry saw record grosses during 2013. North American movie ticket sales reached a record $10.9 billion. Television audiences are tuning in to more shows than ever, especially sporting events. The top 20 concert tours made a whopping $2.43 billion. It all helped contribute to the bottom lines of many entertainment companies causing their stock prices to end the year on a high note.

The only category in which revenue declined was the music. Even sales of digital music declined for the first time since iTunes was launched back in 2003. Album sales were down 8.4% overall and some industry insiders concede this might be due to streaming services such as Pandora and Spotify.

And financial numbers aren’t the only ones increasing in entertainment. So are the sizes of televisions. They’re not only getting bigger, but the consumer electronics industry is pushing Ultra HD with 4K resolution, which is twice that of current HD televisions.

Of course, we also cover the week’s top entertainment news stories including the death of singer Phil Everly, the expansion and increased usage of UltraViolet and the manufactured controversy behind Martin Scorsese’s latest film, “The Wolf of Wall Street”.

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Showbiz Sandbox 218: Reports of Hollywood’s Demise Are Greatly Exaggerated

Beating up on the film business seems to be all the rage lately, as witnessed by the New York Times recently suggesting the industry was in “survival mode”. Yet the worldwide box office is about to break another all-time record and home video revenue actually went up in 2012. With grosses rising in several sectors, including television, why is there still a debate over the health of the business?

Speaking of debates, just about everyone this past week seemed to have an opinion about the controversial comments made by Phil Robertson, the 67-year-old patriarch of the family that runs the Louisiana hunting supply company depicted in the A&E reality series “Duck Dynasty”. Was the network too quick in their response by suspending Robertson?

Amazon and Target also acted quickly this past week when they announced they would not be selling physical copies of Beyoncé’s latest album after, in a surprise move just days before, she released it exclusively on iTunes.

Of course, we also cover the week’s top entertainment news stories including the end of Katie Couric’s daytime talk show, Shia LaBeouf’s plagiarism and how talent agencies are relying on sports to grow their business.

Continue reading Showbiz Sandbox 218: Reports of Hollywood’s Demise Are Greatly Exaggerated

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