August 4, 2014
With the entertainment industry having fully embraced digital technology, the world’s only remaining motion picture film supplier was preparing to cease manufacturing 35mm stock. However, a group of influential filmmakers, Christopher Nolan and Quentin Tarantino among them, have convinced studios to enter into an agreement with Kodak that will keep celluloid alive for a few more years.
Digital technology was actually supposed to simplify the production and distribution of movies, music and television. Yet as the industry adapts to new tools and workflows the learning curve has been long and steep. The most recent example occurred when a digital content file was mislabeled and caused cinemas to play the wrong movie.
Meanwhile, the television streaming service Aereo can’t seem to catch a break. Even after tge U.S. Supreme Court ruled they are acting as a cable operator the U.S. Copyright Office refuses to issue Aereo a compulsory license claiming they are not a cable company.
Of course, we also cover the week’s top entertainment news stories including some controversial comments about the current conflict in Gaza, Alvin and the Chipmunks head to Broadway and the pop star Lorde curates music for the next “Hunger Games” movie.
January 6, 2014
Almost every sector of the entertainment industry saw record grosses during 2013. North American movie ticket sales reached a record $10.9 billion. Television audiences are tuning in to more shows than ever, especially sporting events. The top 20 concert tours made a whopping $2.43 billion. It all helped contribute to the bottom lines of many entertainment companies causing their stock prices to end the year on a high note.
The only category in which revenue declined was the music. Even sales of digital music declined for the first time since iTunes was launched back in 2003. Album sales were down 8.4% overall and some industry insiders concede this might be due to streaming services such as Pandora and Spotify.
And financial numbers aren’t the only ones increasing in entertainment. So are the sizes of televisions. They’re not only getting bigger, but the consumer electronics industry is pushing Ultra HD with 4K resolution, which is twice that of current HD televisions.
Of course, we also cover the week’s top entertainment news stories including the death of singer Phil Everly, the expansion and increased usage of UltraViolet and the manufactured controversy behind Martin Scorsese’s latest film, “The Wolf of Wall Street”.
December 2, 2013
Just when you thought the online music streaming space couldn’t get any more crowded or competitive, along comes Deezer. The French company already boasts 5 million paying subscribers in 80 countries and now plans to launch in the United States, where Spotify and Pandora are the market leaders. However, none of these companies are actually profitable, which may be why services like Rdio went through a round of layoffs in November and Turtable.fm is shuttering.
Profitability seems to be an issue for Sony Pictures too. The movie studio lost $181 million last quarter leading to the announcement of significant cost cutting measures in the wake of some summer box office duds.
Disappointing earnings and a declining subscriber base are also a problem at Time Warner Cable. As telcos and satellite providers continue to erode their market share, rumors have begun swirling that the second largest cable operator in North America might be acquired by one or more of its competitors, including Comcast.
Of course, we also cover the week’s top entertainment news stories including the Thanksgiving weekend’s record breaking box office, “Spider-Man: Turn Off The Dark” lowers the curtains on its Broadway run and the mediocre sales figures of Lady Gaga’s latest album.
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.
September 23, 2013
With Neil Patrick Harris as its host and a wide array of popular shows nominated for top awards, this year’s Emmys ceremony was primed to be a memorable one. The telecast was memorable alright, but for all the wrong reasons. If the Emmys were trying to combine all the worst elements of every other awards show, they succeeded.
It’s hard to determine precisely why this year’s Emmys just didn’t work. It could have been a weak opening, unnecessary musical numbers or the string of depressing memorials. Worst of all, the telecast didn’t provide viewers with a better understanding of the shows being awarded.
Meanwhile, one of China’s wealthiest citizens wants to spend over $8 billion building a movie metropolis that is meant to rival Hollywood. Some of the film industry’s most most recognized celebrities and important leaders have signed on to help the cause. The only question is… why?
Of course, we also cover the week’s top entertainment news stories including the billion dollar launch of “Grand Theft Auto V”, Britney Spears’ new gig in Las Vegas and why WikiLeaks has taken up film criticism.
September 9, 2013
After a programming blackout that lasted more than month Time Warner Cable came to an agreement with CBS over retransmission consent fees. Unless the 20-year-old retransmission consent legislation is revised or updated, the number of network blackouts will continue to increase. Unfortunately the real losers in all such disputes are consumers.
The Time Warner Cable-CBS deal was reached just as the new television season is about to begin. We’ll review some new series that have potential and are worth catching, as well as a few you might want to avoid.
Meanwhile, the book publishing industry was in the news last week with Amazon announcing plans to bundle e-books with the sale of traditional print copies, and a new startup hoping you’ll stop buying books altogether and simply rent them.
Of course we also cover the week’s top entertainment news including declining attendance on Broadway over the summer, Bruno Mars heads to the Super Bowl and a major personnel change at the Academy of Motion Picture Arts and Sciences.
August 5, 2013
Hedge fund manager Daniel Loeb began buying up Sony stock earlier this year and is now pressuring the electronics manufacturer to spin-off its entertainment divisions. After comparing two of Sony’s summer releases to historic flops such as “Waterworld”, actor/director/producer George Clooney could take no more. In an intelligent, coherent and well thought out rant, Clooney argues that, “ A guy from a hedge fund entity is the single least qualified person to be making these kinds of judgments.”
Karen Woodward, our former co-host, joins us for our 200th episode and was quick to point out that Clooney not only sounded smart in his statements, but also like a future political candidate. Given the state of American politics however, Clooney might find the back stabbing nature of Hollywood more friendly.
These days it seems a little political muscle is required to work in the entertainment industry. After all, Time Warner Cable has blacked out the CBS network for millions of customers over an ongoing retransmission dispute. Meanwhile, Hollywood studios haven’t been paid all year for movies they’ve released in China.
Of course we also cover the week’s top entertainment news including the Academy’s historic new leader, a new Doctor Who and how holograms are replacing musicians at concerts in Korea.
December 3, 2012
Kevin Reilly, chairman of entertainment at Fox Broadcasting, realizes the ways people watch TV have radically and irrevocably changed. He believes the industry has not even remotely caught up to that fact yet. Or, as he puts it, “We have our head up our ass.” We’ll discuss the checklist Reilly provided at recent industry event which touched on every facet of the business.
As the year draws to a close the awards season has begun to heat up as both the Gotham Awards and European Film Awards were handed out last week. We’ll give you a rundown of who the big winners were and which movies are topping the first few year-end critics polls.
In theater news one can make it big with an Off-Broadway production, they just can’t make big money. A few recent hit shows are closing after barely breaking even or never turning a profit.
Of course we also cover the week’s top entertainment headlines including a list of top earning musicians, Jeff Zucker lands at CNN and why China may surpass the United States as the biggest movie market in the world.
September 4, 2012
Entertainment reporter Patrick Goldstein surprised everyone two weeks ago in announcing he was leaving the Los Angeles Times after 12 years. His column, The Big Picture, was a must read for anyone in or just following the industry. Goldstein joins us to discuss his departure from the Times, the state of the movie business and where we might be able to read his work in the future.
If one were to look solely at box office alone, they wouldn’t be faulted for believing the film industry was in dire straits. Though receipts were only down 3% to $4.2 billion this summer, movie attendance dropped to a 20 year low in North America.
Televised sports, on the other hand, isn’t having any trouble attracting an audience. In fact, cable networks can’t seem to pay enough for the broadcast rights to sporting events as ESPN proved by signing a multi-billion dollar deal with Major League Baseball.
Of course, we also cover the week’s top entertainment news including why Bruce Willis is mad at iTunes, MTV cancels “Jersey Shore” and how you’ll be able to play, but not hear, Beck’s latest music.
April 9, 2012
Whether trying to figure out how many users the streaming music actually has or why audiences have abandoned television shows in the ten o’clock hour, it turns out keeping track of media metrics often requires fuzzy logic.
In one instance the ratings for CNBC in the 18 to 49-year-old demographic plummeted when three people included in Nielsen’s measurement sampling turned 50. Meanwhile, Billboard’s new formula for ranking singles caused Justin Bieber to narrowly miss hitting the number one spot.
There have been no problems counting money at movie theater and Broadway box offices. “Hunger Games” has helped movie grosses continue their record setting pace for the year and over on the Great White Way, three musicals pulled in over $2 million during Easter break.
Of course, we also cover the top entertainment headlines from the past week, including Ryan Seacrest’s Olympic efforts, Vince Vaughn’s bad timing and YouTube’s confusing relationship with Viacom.