Showbiz Sandbox 337: Streaming Comes to the Rescue of the Music Industry (Sort Of)

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

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

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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Showbiz Sandbox 311: Oscar Season Remains Uncharacteristically Unpredictable

The movie awards season remains as confusing as ever, with the Directors Guild handing out its top honor to “The Revenant”. Will this have any impact on an Oscar race in which “The Big Short” and “Spotlight” also look like major contenders? No one knows but we’ll try and sort it out.

Meanwhile, it appears Time Warner wants to join Disney, Fox and NBCUniversal as an owner of the streaming service Hulu. There’s only one catch; they’d like Hulu to stop showing all episodes from the current season of a TV series. Maybe they want to buy it so they can shut it down.

Over at Viacom, Sumner Redstone stepped down last week after a court mandated the 92-year-old would submit to a medical exam to determine his competency. Bowing to reality, Redstone resigned from his position as chairman of CBS and Viacom. Leslie Moonves is officially taking over CBS, but after daughter Shari Redstone publicly announced it wasn’t a good idea for Viacom CEO Philippe Dauman to take over, he did just that.

Of course we also cover the week’s top entertainment news including how Amazon plans to enter the retail space, ESPN plans to enter China and Matt LeBlanc is named as the new host of the popular automotive TV program, “Top Gear”.

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