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 549: Second Guessing Disney’s “Black Widow” Distribution Strategy
July 20, 2021
In its second weekend the latest Marvel movie “Black Widow” dropped over 67% at the box office; the largest decline for any film in the Marvel Cinematic Universe. Could it be that the movie’s availability via premium video on demand cannibalized its theatrical returns? The ongoing pandemic makes it difficult to draw any conclusions, though one thing is clear; “Black Widow” is one of the most pirated movies of the year.
Meanwhile, the Cannes Film Festival wrapped up over the weekend with Spike Lee and his jury awarding Julia Ducournau’s “Titane” with the Palme d’Or. It is only the second time in the festival’s history that a woman has taken home the prize. Whether it will go on to Oscar glory like “Parasite” did two years ago remains to be seen, but the feeling was this year’s festival may not generate a lot of awards-worthy movies.
Of course we also cover some of the week’s top entertainment headlines including how artificial intelligence helped bring Anthony Bourdain back to life, the United Kingdom wants to revise music copyright and filmmaker Frank Darabont settles his lawsuit over “The Walking Dead.”
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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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Showbiz Sandbox 514: Has Disney Lost Its Soul?
October 13, 2020
As the COVID-19 pandemic wears on, things are not getting any easier for the Walt Disney Company. The company, long a cheerleader for the theatrical moviegoing experience, has just moved the latest Pixar film to its streaming platform, Disney+. Meanwhile, Disneyland still hasn’t been allowed to open and now a well known activist investor is making all sorts of problems for the media giant.
When cinemas do finally reopen there will be a glut of Marvel and DC titles trying to find release dates. Presently, they can only play at a drive-in, which by the way now qualifies a movie for an Academy Award. It’s also the only kind of movie theater New York Governor Andrew Cuomo is allowing to open.
Of course we also cover some of the week’s top entertainment headlines including why artists are debuting at the top of the music charts more frequently, why the ad spend during the TV upfronts is down this year and Broadway will remain closed until at least May of 2021.
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Showbiz Sandbox 484: How the Coronavirus Is Roiling the Entertainment Industry
March 9, 2020
Like everyone around the globe, the entertainment industry has been consumed by the coronavirus. The ongoing health issue has pushed back the release date of the latest James Bond film, canceled the SXSW conference and is postponing music festivals. We cover more of the ripple effects of the pandemic including its effect on the worldwide box office.
Not all business has been halted in Hollywood however. The Directors Guild of America reached a tentative agreement with the AMPTP which represents producers and studios. This paves the way for the Writers Guild of America to step in and negotiate their own deal, provided they can ever settle with talent agencies.
Meanwhile, the music industry is finally making serious money again thanks to streaming. In fact, there’s a brand new streaming service in India. Music lovers in Japan though still prefer their compact discs.
Of course we also cover the week’s top entertainment headlines including why Woody Allen lost the publisher of his memoir, the PGA gets a new television deal for all its golf tournaments and Led Zeppelin wins another copyright court case.
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Showbiz Sandbox 435: Netflix By The Numbers
January 21, 2019
Despite having cultivated a reputation for keeping its viewership statistics under tight wraps, Netflix has made a complete about face and is now boasting about how many subscribers are tuning in to its original content. The company says nearly 45 million accounts watched its hit movie “Bird Box” and nearly as many watched its latest series “Sex Education”. In the midst of all this success, Netflix has decided to raise it’s monthly subscription fee by $2 in certain territories, including North America.
Unlike the Netflix subscription price, a number not on the rise is the theatrical box office in Germany. After edging up slightly in 2017, grosses in the 8th biggest movie-going market in the world were down 16% last year. Hollywood titles grabbed 75% of the $965 million box office as attendance also dipped 15.5%.
Meanwhile, award season continues with no clear frontrunner emerging as this year’s Oscar nominations are about to be revealed. We take a glance at the makeup, costume and directors guilds awards, not to mention the BAFTAS and nods from one group that really matters; the Producers Guild.
Of course we also cover the week’s top entertainment headlines including why RCA Records is dropping R. Kelley from its label, the Emmys are dumping DVD screeners and sportscaster Bob Costas is leaving NBC.
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Showbiz Sandbox 414: The MoviePass Effect Is Real and Here To Stay
June 25, 2018
The film industry can say what it wants about MoviePass, and it’s said plenty, but the subscription moviegoing service has made a huge impact on the market since lowering its price to just under $10 per month. Though skeptics abound on whether the company is financially sustainable, the subscription model it has popularized is quickly becoming a standard offering. Just last week AMC Theatres, the world’s largest cinema chain, announced its own subscription plan to compete directly with MoviePass.
Meanwhile, China is realizing that its growing movie and television industry is becoming overcrowded. With tens of thousands of film and TV companies having sprung up over the past decade and hundreds of films going unreleased each year, there is a fear that the country could be experiencing a media bubble that is about to burst.
Back in the United States, celebrities are suddenly are shocked to discover that the Fox News channel is peddling in propaganda and is not so concerned with actual news. While this may have been the case since the networks inception, creatives are now threatening to walk away from business with Fox Studios. Quick, somebody tell them that Fox Studios is about to have a new owner.
Of course we also cover the week’s top entertainment news including the above average TV ratings for World Cup matches, “Roseanne” officially gets a spinoff series and a Michael Jackson musical may soon be coming to Broadway.
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Showbiz Sandbox 413: Let the Media Merger Mania Commence
June 18, 2018
In one of the most significant antitrust cases in decades, last week a federal judge cleared the way for AT&T to complete its acquisition of Time Warner, ruling that the Department of Justice failed to make a convincing argument the deal would be bad for consumers. The decision opens the door for what many believe will be a wave of corporate mergers as existing media outfits look to thwart off threats from tech giants entering the space such as Amazon, Apple and Netflix.
Evidence of this was apparent within days as Comcast made an official all-cash offer to acquire a majority of Twentieth Century Fox’s assets. The Fox board will meet this week to decide who will wind up acquiring them; Disney or Comcast.
We follow up the Tony Awards to applaud its big winner “The Band’s Visit,” celebrating the success of indie producers on a Great White Way dominated more and more by corporations. We also shoot down the idea that winning the Tony for Best Musical isn’t a boost at the box office.
Of course we also cover the week’s top entertainment news including how Bryan Singer will wind up with director’s credit on the Queen biopic from which he was fired, Oprah Winfrey signs a deal with Apple and why a tax scandal in China over a major star’s salary has the industry on edge.
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Showbiz Sandbox 398: Streaming Services Crowd The Field During Super Bowl
February 5, 2018
The ratings for this year’s Super Bowl may have declined 7% and we might know why. After all, there were ads for Hulu, Netflix movies like “The Cloverfield Paradox,” Amazon Prime’s Jack Ryan series and even a few movies that might appear in theatres later this year. Oh, there was also a pretty good football game that came down to the last play.
The big game usually puts a damper on the box office in North America, but it certainly doesn’t help when new releases can’t hold their own against titles that opened in December. Even so, international grosses are where all the action is these days and over the past week a Bollywood title managed to beat out the latest “Maze Runner” installment in China. We’ll explain why.
Meanwhile, the Oscar race is coming into sharper focus now that the Director’s Guild has handed out their top awards to “The Shape of Water” and “Get Out”. It’s important to remember however, that the preferential ballot has managed to upend the Best Picture category recently.
Of course we also cover the week’s top entertainment news including why there is a petition for RIAA president Neil Portnow to resign, compact discs are slowly disappearing from retail outlets and Netflix may team up with Luc Besson.
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Showbiz Sandbox 391: For Your Consideration – Grammy Marketing Campaigns
December 4, 2017
Hip-hop artists lead the nominees for this year’s Grammy Awards with Jay Z and Kendrick Lamar the front runners for Album Of The Year. Steve Knopper, a contributing editor for Rolling Stone and author of several books about the music industry, joins us to explain how musicians have taken a lesson from Hollywood and begun mounting marketing campaigns to snag music’s highest honor.
Accolades for the year’s best movies have also begun to be doled out with critics groups announcing their picks. “Call Me By Your Name,” “The Florida Project,” and “Lady Bird” seem to be the big favorites as we head into awards season.
Meanwhile, allegations of sexual misconduct continue to pile up against entertainment and media personalities. Just when we thought it couldn’t get much worse, “Today” anchor Matt Lauer was fired by NBC News over sexual harassment and famed Metropolitan Opera conductor James Levine was suspended over accusations of sexual abuse.
Of course we also cover the week’s top entertainment news including how Stephen Colbert continues to win the late night wars, director Bryan Singer disappears from the set of “Bohemian Rhapsody,” and why Disney is suing Redbox.
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