Showbiz Sandbox 643: Linear Television Viewership Sinks to New Lows
January 3, 2024
Two annual ratings roundups of television viewing in the United States show that audiences for traditional broadcast and linear cable are in serious decline. The list of the 100 most watched broadcast episodes is mostly sports. And the top ranked channels reveal cable isn’t even really trying to program their networks anymore.
Meanwhile, the domestic box office managed to surpass $9 billion for the first time since the COVID pandemic, with Universal Pictures taking over for Disney as the top earner.
Of course we also cover the week’s top entertainment headlines including Gérard Depardieu stirs up more controversy, Taylor Swift sets more sales chart records and Paramount Global is looking for a buyer.
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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 555: Modern Media Consumption Metrics Are A Big Mess
September 14, 2021
Keeping track of television ratings, streaming viewership and music revenue has become a hopeless task in the digital age. Everyone is mad at Nielsen though how can they realistically capture all the eyeballs content on TVs, phones, laptops and tablets? Meanwhile, Billboard keeps changing the formula they use to count album sales by working in various flavors of streaming. What the most popular shows, movies, albums or songs are at any given moment has become impossible to decipher.
The good news is, according to new data from the Recording Industry Association, music revenue for the first half of 2021 grew $1.5 billion driven by music streaming, which accounted for 84% of the $7.1 billion earned.
Of course we also cover the week’s top entertainment headlines including an executive shakeup at Paramount Pictures, the outcome of Apple’s epic legal battle and the Venice Film Festival kickstarts this year’s awards season in a big way.
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Showbiz Sandbox 419: Best Popular Film Oscars Category Proves To Be Rather Unpopular
August 13, 2018
It may come as a surprise after the #MeToo movement but it isn’t often Hollywood unites to agree on an issue. Last week when the Academy of Motion Picture Arts and Sciences revealed they would be adding a Best Popular film category to the Oscars the response was universal and swift; everyone hates the idea. In a train wreck of an announcement about proposed changes to the awards show, the Academy appeared to cede control to the network broadcasting the ceremony.
Speaking of changes, the moviegoing subscription service MoviePass doesn’t let a week go by without instituting a new set of rules for its customers. First they were going to raise prices and limit attendance to new releases. Before they could roll those changes out, MoviePass altered its policy once again, keeping the price at $10 per month, but limiting the number of movies that can be seen to just three.
Meanwhile, music fans appear to be spending more money on music than ever before. At least according to a new report from Citigroup which says the industry is now pulling in a combined $43 billion in the United States, of which $5 billion goes to artists. Naturally, arguments over the accuracy and validity of the report are sure to follow.
Of course we also cover the week’s top entertainment news including more on Jeffrey Katzenberg’s New TV venture, the dispute over star salaries on the latest “Star Trek” and Lady Gaga heads to Las Vegas. Read more
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Showbiz Sandbox 410: In a Global Landscape the Cannes Film Festival Remains as Relevant as Ever
May 21, 2018
Despite all the griping over the lack of glitz and glamour, or at the very least big movie stars, at this year’s Cannes Film Festival, the event lived up to its reputation for programming some of the most artistic movies currently being made around the world. When the Palm d’Or was handed out over the weekend it went to Japanese director Hirokazu Kore-eda for his touching family drama “Shoplifters.” Spike Lee’s “BlacKkKlansman” won the Grand Jury Prize and the Lebanese filmmaker Nadine Labaki was awarded the Jury Prize for her movie “Capernaum,” about a scrappy young boy dealing with the hardships of life ont he street in Beirut.
China too is becoming more diverse when it comes to the movies it is allowing in multiplexes. While Hollywood was quick to dominate the market with big blockbusters, Chinese distributors showed up in Cannes to acquire mid-budget titles from around the world.
Meanwhile, the mounting number of mergers and acquisitions of global media companies have begun to cause a chain reaction where each deal may affect the next. The latest merger has caused CBS to sue its parent company to prevent a merger with Viacom.
Of course we also cover the week’s top entertainment news including a movie deal for a Lin Manuel Miranda musical, YouTube tweaks its music subscription service and Congress looks to extend copyright protections.
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Showbiz Sandbox 347: Who Should Perform What at the 59th Grammy Awards
December 13, 2016
When the nominations for the 59th Grammy Awards were announced last week Beyoncé continued her annus mirabilis by picking up no fewer than nine nods including one for album of the year. She’s in the mix with the likes of Adele, Drake, Justin Bieber and Sturgill Simpson. With musical acts that include Rihanna, Kanye West and Radiohead also up for awards, producers have a wealth of talent to choose from when selecting performers for next year’s ceremony.
The Golden Globe nominations were also announced recently and this year the Hollywood Foreign Press Association actually managed to categorize their film entries properly, unlike last year when the space drama “The Martian” won the prize for best comedy.
Meanwhile, the 2016 Black List survey was published on Monday, highlighting some of the best unproduced screenplays from the past year. Nine of the last 18 Best Screenplay Oscars were featured on the annual list, including “Spotlight”, “Juno” and “Slumdog Millionaire”.
Of course we also cover the week’s top entertainment news including the winners of the European Film Awards, why the CBS-Viacom merger collapsed and actress Emmy Rossum demands to be paid as much as her mail co-stars.
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Showbiz Sandbox 338: CBS and Viacom May Wind Up Together After All
October 4, 2016
After originally splitting 10 years ago, Viacom and CBS may once again become a single organization. While a merger may help save Viacom, it doesn’t necessarily benefit the cash rich CBS. Even so, since the Redstone family owns the controlling share of both companies, it seems inevitable the two will once again be joined whether they like it or not.
Meanwhile the Federal Communications Commission has paused its attempt to wrestle the control of television set-top boxes away from cable providers, delaying a vote in order to clarify some of the rules included in the proposed legislation. That means consumers in the United States will still spend $20 billion for at least the next two years renting cable boxes.
At the box office, “Miss Peregrine’s Home for Peculiar Children” helped reverse the fortunes of Tim Burton’s latest films and even “Deepwater Horizon” may be not be the disaster some had predicted.
Of course we also cover the week’s top entertainment news including why NBC is dumping its “Mail Order Bride”, Disney plans on making a live-action version of “The Lion King” and a huge chunk of Rolling Stone magazine gets sold off.
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Showbiz Sandbox 337: Streaming Comes to the Rescue of the Music Industry (Sort Of)
September 26, 2016
After more than a decade in decline, the sale of recorded music in the United States is set to grow for the second straight year thanks to increased revenue earned from music streaming services such as Spotify. Even so, the music industry is taking in half of what it earned at its peak late 1990s because streaming revenue hasn’t made up for the falloff in actual sales.
Meanwhile, the Dalian Wanda Group continues its invasion of Hollywood by cutting a deal with Sony Pictures to market movies in China. Wanda can practically guarantee the success of a new release given that it controls the largest movie theater chain in China ensuring a film will be scheduled heavily when it opens.
There is no sure bet at Viacom however as the media giant’s leadership remains in turmoil. It’s interim CEO is stepping down sooner than expected and the vice chairman of Paramount Pictures is also exiting. Then last week the company announced it would take a $115 million loss on a movie that hasn’t even been released yet.
Of course we also cover the week’s top entertainment news including a new law requiring websites like IMDb remove an actor’s age upon request, the BBC gets into a bake off battle and why Netflix is getting more original every day.
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Showbiz Sandbox 332: How Cable Companies Will Profit From Cord-Cutting After All
August 22, 2016
We keep hearing that cord-cutting is going to destroy the U.S. cable industry. But SNL Kagan analyst Ian Olgeirson says the economic outlook for the business over the next decade is actually quite solid. Olgeirson joins us to explain how cable companies are turning cord-cutters into more profitable cord-swappers and what that means for their long-term health.
Meanwhile, for the 2016 Summer Olympics in Rio you didn’t need to have a cable subscription since so much of the action was streamed live online. In fact, while television viewership may not have reached the levels some networks around the world had hoped, a record number of hours were streamed over the Internet from this year’s games.
We also launch a new segment that tells you the one new book worth reading out of the thousands that are published each week, as listed on BookFilter, a book lover’s best friend.
Of course we also cover the week’s top entertainment news including the dispute over Tom Cruise’s salary for “Mission: Impossible 6”, the power struggle at Viacom nears a resolution and Barbara Streisand tells Apple’s Siri how to pronounce her name properly.
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Showbiz Sandbox 322: Cannes Film Festival Spurs Critical Debate
May 24, 2016
This year’s Cannes Film Festival ended over the weekend with the awarding of the Palm d’Or, the festival’s top prize, to an unlikely, albeit quite solid, movie from director Ken Loach. A critically panned movie from filmmaker Xavier Dolan was given the runner up award, the Grand Prix, leaving many in Cannes baffled over how the jury made its selections. However festival director Thierry Fremaux has always said, Cannes is not set up for critics.
The Broadway season also came to a close last week earning a record $1.3 billion in ticket sales. Musical productions took in most of the revenue over the past year, though it was “The Lion King” and not “Hamilton”, which only opened in August, which ruled the box office.
Over at HBO Michael Lombardo, the longtime head of programming for the premium cable network is stepping down, whereas at Viacom Sumner Redstone has stirred up a hornets nest by ousting his longtime protogé, the company’s chief executive, from the trust that will eventually control the company.
Of course we also cover the week’s top entertainment news including whether the wave of summer blockbusters will prove to be too much competition, rumors of Adele’s massive record deal and Bill Cosby gets his day in criminal court.
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