Showbiz Sandbox 230: It’s Curtains For Celluloid at CinemaCon

Every spring movie theater operators from around the world converge on Las Vegas to attend CinemaCon. During the week-long convention cinema owners are bombarded with industry facts, attendance figures, educational seminars and endless footage from upcoming releases. Over the years advances in digital projection have become an increasingly important topic at the show.

It’s no secret that cinemas have been slowly converting their facilities from traditional 35mm projection to digital. There was no better indication that the days of celluloid film prints are definitely over than the number of vendors at CinemaCon demonstrating the next generation of digital technology, including immersive sound and laser projectors.

When it comes to live theater, there is no doubt that New York’s Broadway and London’s West End are the leaders of the pack. Our own Michael Giltz reviews his previous predictions and investment advice by recapping the past year’s biggest money making productions, as well as a few financial losers.

Of course, we also cover the week’s top entertainment news stories including the fall of “Duck Dynasty”, a decline in paid cable subscribers and Oprah Winfrey’s plans for a national tour.

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Showbiz Sandbox 194: Tony Awards Prove Broadway Knows How To Put On A Show

Once again actor Neil Patrick Harris proved he knows how to host an awards show with a dazzling turn as master of ceremonies at this year’s Tony Awards last Sunday. The ceremony provided its share of surprises and dramatic speeches from the likes of Cicely Tyson and pop-star Cyndi Lauper as “Kinky Boots” walked off with six Tonys including Best Musical. Though the telecast may have been poorly directed, it was filled with a mixed bag of performances from this season’s top Broadway shows.

For Broadway play or musical, a Tony can provide a huge boost at the box office, though it’s no guarantee. There has never been a magic formula for investing in the arts which is something JP Morgan and its partners should have looked into before loaning Paramount Pictures a load of cash to finance movies. Now everyone is suing each other after the bank discovered their Hollywood investments weren’t as risk free as they had initially thought.

That kind of inside news is usually reported by the likes of Nikki Finke over at her Deadline Hollywood blog. However, if a scoop from a competing online news source is correct, Finke’s days at Deadline may be numbered. Has Finke’s conentious reputation finally caught up with her, or will a crosstown rival need to eat some crow?

Of course we also cover the week’s top entertainment news including Amazon’s European tax problems, Disney’s digital distribution plans, and the possibly illegal limitations of Microsoft’s new Xbox.

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