Showbiz Sandbox 349: How the 2016 Box Office Defied the Odds
January 3, 2017
Apparently political pollsters aren’t the only forecasters whose predictions can be wrong. With fewer high profile blockbusters than 2015, some in Hollywood believed that the 2016 North American box office could surpass the previous year. However, a number of unexpected hits like “The Jungle Book” and “Deadpool” helped box office climb to a record high of $11.4 billion.
Meanwhile in China, the rapid box office growth that saw a 50% rise in 2015 slowed dramatically. In fact, the country’s box office actually fell in the last half of 2016, causing a modest 3% gain, year-over-year. We’ll explain what caused the Chinese box office to cool off so quickly and why there may be some good news buried in the financials.
Our resident theatre expert Michael Giltz will brief us on all the new productions opening on Broadway this spring. He’ll tell us which shows he would invest in (if he had the money) and which might be headed to a town near you when they go out on tour.
Of course we also cover the week’s top entertainment news including this year’s Rock and Roll Hall of Fame inductees, a banner year for cable news networks and how record labels are finally seeing some profits from streaming music revenue.
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Showbiz Sandbox 316: Indiana Jones and the Colonoscopy
March 21, 2016
Last week Harrison Ford and Steven Spielberg announced they are grabbing a whip and fedora and planning one more adventure for Indiana Jones with its original director and star. They haven’t set a start date for shooting, don’t seem to have a script or even a setting or general idea for the movie yet, at least not one they’re sharing. But naturally they have a release date. The next Indiana Jones will be coming to a theater near you on July 19, 2019.
If it were up to the Screening Room, you’ll be able to watch the latest Indiana Jones installment from the comfort of your own home. Everyone is weighing in on the new company that wants to make blockbuster movies available in your home the same day they hit theaters.
Meanwhile, CBS is turning off their radios. The broadcaster says they are looking to offload their fabled radio group despite it being a stable long-term business. CBS believes radio doesn’t have sexy growth potential so they apparently wants out.
Of course we also cover the week’s top entertainment news including an explanation of television stacking rights, Mariah Carey gets her own reality series and China cracks down on box office fraud.
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Showbiz Sandbox 315: China Becomes A Global Movie Superpower
March 14, 2016
In recent years, Chinese-owned companies have become the film industry’s biggest power players by scooping up production companies and cinema chains. The latest example came when AMC Theatres, owned by China’s richest man Wang Jianlin, announced it will acquire Carmike Cinemas to become the world’s largest motion picture exhibitor.
It’s easy to see why the Chinese are so hot on the cinema business given that their box office surpassed that of North America during the month of February for the second time ever. Yet if you were to ask some financial analysts, Hollywood Hollywood is starting to look like the video game industry before it imploded; bigger budgets, fewer winners and more losers. Is Hollywood about to shrivel up like Pac-Man?
Then there are those like Sean Parker, one of the founders of Napster and Facebook, who are trying to convince Hollywood that it’s time to start making big movies available in consumer’s homes the same day they hit theaters. Is there any business model in which that could actually work?
Of course we also cover the week’s top entertainment news including the authors nominated for this year’s prestigious Man Booker Prize, music sales in France plummet and Kevin Spacey won’t be heading up Relativity Media after all.
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Showbiz Sandbox 307: Can Guild Nominations Forecast Oscar Winners?
January 11, 2016
This year’s Academy Award nominations will soon be announced and we wonder if one can predict who might take home Oscar gold by watching the annual honors handed out by Hollywood’s labor guilds. We’ll tell you how won Golden Globes, which have proven less reliable in forecasting Oscar winners, and take a look at who the Brits shine a spotlight on via the BAFTAs.
Much like the movie business, publishing has become a global game. That makes the recent broadside by groups representing authors around the world especially notable. They’re calling on publishers to offer author contracts that are more equitable and represent the way business is done in the 21st Century.
Director/Producer Gavin Polone believes Hollywood studios and television networks are only hurting themselves when they decide to cook the books when it comes to reporting earnings to profit participants. He argues that the talent and creatives they cheat on the backend have no incentive to keep costs down on the front end.
Of course we also cover the week’s top entertainment news including how Netflix went worldwide, actor Sean Penn went to Mexico to interview the head of a drug cartel and the death of legendary musician David Bowie.
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Showbiz Sandbox 289: In Hollywood Fame and Fortune Is Often Relative
August 10, 2015
There is no dispute that in the entertainment business, just like in any other industry, money is the fuel that keeps the engine running. Yet raising it, accounting for it, paying it back and doling out profits is becoming more complex for media companies. Indeed, making a fortune in show business is anything but easy or straight forward.
Take Relativity Media for example. The upstart movie studio and its brash CEO Ryan Kavanaugh were going to change the way Hollywood operated and movies were made. However now they’ve filed for bankruptcy. We’ll provide some background and explain the details of what could wind up being the largest studio bankruptcy ever.
Movie moguls aren’t the only one’s struggling to mind their dollars and cents. Legendary musician David Byrne wants record labels to be more transparent about where all the money is going in the music business. Meanwhile the Authors Guild has a few thoughts of its own when it comes to copyright and revenue from book sales.
Of course we also cover the week’s top entertainment news including Jon Stewart’s last “Daily Show”, staff turmoil at Rolling Stone magazine and changes afoot in film distribution strategies.
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Showbiz Sandbox 208: Why Studios Are Reshuffling Their Executive Ranks
October 7, 2013
Movie moguls have always faced unreliable job security, though never more so than over the last two years. Beginning in early 2012 five of the six major Hollywood movie studios have fired their top executives and reshuffled existing management. We discuss what’s causing the studio shakeup and it it will affect the movies we see in years to come.
Soon enough unemployed studio big shots may be able to find work in South Korea’s film industry. With a wave of fresh homegrown talent and exciting new stories finding their way into theaters, the country’s box office has skyrocketed making it one of the world’s strongest movie markets.
When it comes to box office on Broadway, it’s become a tradition for productions to boast when they’ve broken even. This also means we can do some quick math to conclude how much it costs to keep a show up and running on a weekly basis, a figure that many productions don’t always like to share.
Of course, we also cover the week’s top entertainment news stories including David Letterman’s new late night contract, New York City Opera files for bankruptcy and a jury decides a concert promoter is not liable for the death of Michael Jackson.
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Showbiz Sandbox 179: How To Gamble And Win On Broadway
January 28, 2013
This year alone there are at least 15 new shows being mounted on Broadway including adaptations of movies such as “Diner” and “Big Fish”. At one point or another all were in search of financial backing, however well known productions with big name stars often don’t pay dividends. We review which upcoming stagings smart, experienced Broadway investors should be banking on.
A very successful Sundance Film Festival came to an end last week as distributors left Park City having acquired a dozen or more independent films. We discuss the reason behind the frenzied sales activity and why some films came with steep seven-figure price tags.
Since we’re on the subject of paying out or investing money, it looks as if the cable bill for Los Angelenos will be going up again thanks to the L.A. Dodgers deal with Time Warner Cable for a new sports channel. Does one market really need six sports networks. More importantly, why are the customers in a single market forced to pay for them whether they want them or not.
Of course we also cover the week’s top entertainment news including Warner Bros. new CEO, JJ Abrams signs on to direct the new “Star Wars” and Fox begs viewers to use their DVRs.
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Showbiz Sandbox 126: Foot In Mouth Disease Sweeps Through Hollywood
November 14, 2011
Getting publicity in Hollywood can be a very difficult task. If you are an A-list director like Brett Ratner or a hot actor like Ashton Kutcher however, all you need to do is make a bigoted statement or fire off an ignorant Twitter post and you’ll get more ink than you ever wanted. Ratner’s homophobic slur forced him to resign as producer of next year’s Oscars, while Kutcher’s uninformed opinion on current events caused him to rethink his social media participation. Has the entertainment industry become overly sensitive or do its inhabitants just have no class? We try to figure out what all the fuss is about.
The other big news of the week was the sale of record label EMI to Universal Music Group and Sony. EMI’s owner, Citibank, decided to split the record label from its publishing arm in an effort to get the deal passed antitrust regulators. As the music industry contracts from four major record companies to three, what will it mean for indie artists and their fans?
Broadway may also be undergoing some changes soon. Long running musicals such as “Mamma Mia!”, “Chicago” and “Mary Poppins” seem to be fading fast and may need to make way for new productions such as a revival of “Porgy & Bess”, “Evita” featuring Ricky Martin and a stage version of “Bonnie & Clyde”.
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Showbiz Sandbox 85: How To Save The Movie Business
December 27, 2010
In an age of video on demand and mobile computing, the traditional method for releasing films doesn’t seem to be working. As ticket prices rise, moviegoing and ticket sales are declining. Even worse, the fastest declining segment of moviegoers is young adults who can’t find movies that speak to their generation. Independent producer Cotty Chubb has proposed a potential solution to the problem, but it requires the participation of reluctant theater operators.
In a open letter to Relativity Media topper Ryan Kavanaugh published on IndieWire, Chubb suggests that riskier movies be released “day-and-date” at lower prices not only in theaters but on multiple platforms such as DVD and iTunes. He joins us for an in-depth discussion about his plan and how to bring audiences back to the movies.
As 2010 comes to a close we take a look at some of the year’s highest grossing and most pirated films. We also say goodbye to our co-host Karen Woodward whose career as a social media consultant has truly taken off.
Of course, we cover the week’s top entertainment headlines during Big Deal or Big Whoop, including the latest news from the Broadway version of “Spider-Man”, a delay in the next “DaVinci Code” movie and Steven Soderbergh’s rumored retirement. Our Inside Baseball topic focuses on SoundExchange and the music industry’s rising digital fortunes.
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Showbiz Sandbox 65: Hollywood’s Love/Hate Relationship With Twitter
August 2, 2010
Last summer a number of movies had enormous box office drop offs in their second day of release and studios blamed it on what they termed the Twitter Effect. Daniel Frankel from The Wrap joins us to explain how the social media trend that was going to revolutionize word-of-mouth hasn’t demonstrably done so. Platforms such as Facebook, MySpace and even text messaging seem to influence moviegoers more than Twitter. That hasn’t stopped studios from finding modest success on Twitter by purchasing trending topics.
A number of big television news stories broke over the past week thanks to the annual Television Critics Association press tour. Ellen DeGeneres resigned as a judge on “American Idol”, but Fox may be replacing her with Jennifer Lopez. Meanwhile, Stephen McPherson, the president of ABC, abruptly resigned under a cloud of controversy relating to rumored sexual harassment investigations and was promptly replaced by ABC Family topper Paul Lee.
In the music world Kanye West may be hoping the Twitter effect will help boost sales of his upcoming album. The hip-hop star made headlines by opening a Twitter account and turning up at Facebook headquarters to entertain employees.
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