Showbiz Sandbox 399: Why Can’t Hulu and Spotify Turn A Profit?
February 12, 2018
As consumers abandon physical media like compact discs and DVDs they are signing up for streaming services like Hulu and Spotify by the tens of millions. Even so, profitability has proven elusive for such companies. We’ll try and understand why, despite all their earnings and tons of headlines, such services continue to be in the red.
Meanwhile the movie awards season has reached a fever pitch, with the Writers Guild handing out their top awards to “Call Me By Your Name” and “Get Out.” Could the horror flick be gaining momentum in the Oscar race just like “Moonlight” did last year?
The Grammys may be over but Michael Giltz just finished his list of the best albums of 2017. Oce you move beyond the big prize for Album Of The Year, his picks have a lot in common with the winners at this year’s ceremony.
Of course we also cover the week’s top entertainment news including why Russia has launched a smear campaign against an Oscar nominated documentary, a hiccup in the sale of The Weinstein Company and a respected television executive gets picked to head up Amazon Studios.
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Showbiz Sandbox 388: Contemplating A Fox In The Mouse House
November 13, 2017
The Walt Disney Company reported earnings for the past year fell 1% as media networks help drag down profits. With revenue from its sports network ESPN declining, the entertainment conglomerate is now looking to get even bigger through acquisitions that will bolster its streaming media service. Specifically, Disney has been eyeing key assets of 21st Century Fox’s film and television holdings.
As the media landscape shifts, becoming more fractured, so too have the ways in which content such as movies and television shows is monetized. In an age where new entrants make their money selling electronic devices (Apple) or other products (Amazon) it would appear that size matters. Thus the reason investors are bullish on a deal between Disney and Fox.
Once again we can not avoid discussing the sexual harassment allegations that have erupted in Hollywood and started to spread into other industries, even politics. With each passing week another celebrity or power player sees their life fall apart amidst accusations of misconduct. The latest is comedian Louis C.K. who says the claims against him are all true.
Of course we also cover the week’s top entertainment news including Taylor Swift’s latest album shattering sales records, Jennifer Anniston starring in Apple’s first scripted television series and Vanity Fair names a new editor-in-chief.
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Showbiz Sandbox 380: Hollywood Gets Pummeled by Rotten Tomatoes
September 12, 2017
With North American box office declining 15 percent over last year, Hollywood suffered its worst summer box office in 20 years. One main reason, studios believe, is the popularity of the movie review aggregation website Rotten Tomatoes, which brands titles as either “fresh” or “rotten”. The site has become so influential studios now try and game the system by handpicking critics for certain releases.
Disney, on the other hand, isn’t waiting for reviews to be in on its latest Star Wars movies before tweaking them. “Episode IX” is just the latest to lose its director over creative differences with Lucasfilm, which is quickly gaining the reputation as a tough place to be a filmmaker.
Meanwhile, one of North America’s largest brick-and-mortar book retailers reports that sales are off 6% in the latest quarter as consumers shift to buying online. Don’t worry however, the company has a great plan for fixing their sales problem; open more stores.
Of course, we also cover the week’s top entertainment news including how Amazon wants to produce a hit television show, the end of an era at Vanity Fair magazine and the mystery behind who will distribute the next James Bond movie.
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Showbiz Sandbox 379: Springsteen and Swift Beat Scalpers and Fans Pay The Price
September 4, 2017
New technology from Ticketmaster is allowing the likes of Taylor Swift and Bruce Springsteen to combat scalpers and sell tickets to legitimate fans. But at what cost? Swift is asking concert-goers to pay $63 for a physical copy of her latest album to get better seats and the ticket prices for Springsteen’s Broadway residency top out at $850.
Maybe these prices are simply musicians trying to make up for the earnings they’ve lost in record sales over the past 15 years. According to a new report from Goldmany Sachs though, the music industry is poised for explosive, make that historic; no, make that unbelievable growth. And we don’t believe it.
Meanwhile, as the summer moviegoing season in North America end in a thud with box office plummeting to record lows, bring the shares of major movie theater chains down with them. But are ticket sales the real reason behind the stock sell off.
Of course, we also cover the week’s top entertainment news including how Facebook is taking on YouTube with video content, “The Simpsons” lay off their beloved composer after nearly 30 years and a study says millennials are fleeing terrestrial radio.
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Showbiz Sandbox 336: Telluride and Toronto Reaffirm the Importance of Film Festivals
September 20, 2016
With an ever increasing number of high profile movies competing for awards at the end of each year, film festivals such as those in Telluride and Toronto have never been more important in helping promote a release. Anne Thompson, Indiewire’s editor-at-large, has just returned from both festivals and gives us a complete rundown of all the films creating the most buzz.
And just as the number of movies worth seeing has grown, so too has the number of television shows. There’s so much good TV these days that in fact, the Emmys are more and more like the Academy Awards, where viewers haven’t even seen most of the Best Picture nominees. Maybe that’s why the Emmys keep honoring the same old shows year-after-year.
Meanwhile, the number of books on offer has grown at least 21% recently thanks to self-publishing. That includes both e-books and print. The crowdfunding platform Kickstarter has been responsible for thousands of titles, enough to make them the unofficial fifth largest publisher in North America.
Of course we also cover the week’s top entertainment news including why Argentina is sending school-aged children to the movies, how the Rio Olympics proved profitable for NBC after all and the Lady Gaga is booked for the Super Bowl half time show.
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Showbiz Sandbox 305: Should “Star Wars: The Force Awakens” Box Office Records Require An Asterisk?
December 21, 2015
The release of “Star Wars: The Force Awakens” shattered box office records the world over and became the biggest movie opening of all time by earning $529 million. We explain why in countries such as Japan and South Korea, the latest “Star Wars” not only didn’t win the weekend, but in some cases earned less than earlier installments of the franchise. We also look at the breakdown of which formats audiences favored when buying tickets.
George Lucas’ original “Star Wars” movie was released in 1977 and was added to the National Film Registry in 1989. We weigh in on the annual list of films added to the registry by the Library of Congress, charged with selecting new entrants. It always makes for a fascinating mix; we’ll discuss what made this year’s cut there and why. Hint: It’s not always artistry that counts… and no we’re not looking at you “Top Gun.”
In music news, it turns out online radio services such as Pandora will soon be paying more to license songs. Meanwhile, Adele is trying to prevent her fans from having to pay more to purchase tickets to see her in concert. We’ll tell you about the growing backlash against the secondary market for concert tickets and what some artists are doing about it.
Of course we also cover the week’s top entertainment news including how “Star Wars” bumped Quentin Tarantino’s latest movie out of a historic movie theater, Howard Stern signs a new deal with SiriusXM and the list of this year’s inductees to the Rock and Roll Hall of Fame.
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Showbiz Sandbox 299: The Gender Pay Gap Lands A Starring Role In Hollywood
October 19, 2015
Hollywood’s gender pay gap is once again a hot topic of discussion thanks to a frank essay on the subject by Academy Award winning actress Jennifer Lawrence. We are joined by Karen Woodward, an entertainment industry social media consultant, who suggests that the crass and angry tone the actress took in her piece helped gain attention for the issue and start a conversation on how to fix the problem.
We’ll hear what Lawrence had to say about being paid less than her male co-stars, specifically how she’s no longer concerned with being “liked” or finding a kinder, gentler way to express her opinion. Now at least one of her frequent co-stars has plans to take up the cause with what could be a very effective strategy.
Meanwhile, with the number of major record labels having already declined to three from what was once six, it appears the industry’s contraction may soon affect music publishing with Sony/ATV looking for a new owner. Could one of the world’s largest music publishers soon merge with a competitor?
Of course we also cover the week’s top entertainment news including why Playboy magazine is getting rid of its centerfold, how “The Walking Dead” went global in a big way and Netflix earnings and subscriber growth disappoint Wall Street.
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Showbiz Sandbox 292: There Is Simply Too Much Television
August 31, 2015
Television network executives have begun publicly acknowledging a predicament their audiences recognized some time ago; there is simply too much television. In the midst of what has been dubbed a “golden age” of television, viewers are becoming reluctant to sign up for yet another new or existing series.
In fact, John Landgraf, the head of FX Networks, recently told the Television Critics Association that the glut of TV content means it has become more difficult to “cut through the clutter and create real buzz” when producing a show. With so much programming available, great shows can often go unnoticed or take longer to find an audience.
Then there are countries in which content is being suppressed. In Russia a politically active Ukrainian filmmaker was recently handed a 20 year prison sentence drawing international criticism that the charges were fabricated. Bangladesh meanwhile has banned a banned a new movie because it shed light on the country’s billion dollar garment industry, which is well known for exploiting its workers.
Of course we also cover the week’s top entertainment news including why Warner Bros. is headed to China, Spongebob Squarepants is headed to Broadway and how Netflix is about to lose more than 1000 movie titles.
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Showbiz Sandbox 291: Media Companies Come Clean On Cord Cutting
August 24, 2015
After years of denying cord cutting was happening on any level, several large media companies are finally confessing that cord cutting is a growing trend which may soon affect their bottom lines. After decades of steady growth, cable operators are now beginning to see flat or declining subscriber numbers as new content streaming services pop-up.
Clearly, the business models the television industry has relied on in the past are evolving rapidly, more so than movies or theater or even publishing at the moment. Yet some industry insiders believe the cable cord isn’t being cut, but that it’s slowly fraying as the definition of what it means to be a television network has changed.
Some media companies aren’t waiting to study market indicators before making strategic moves. Last week NBCUniversal made a $200-million investment in the online news outlet Buzzfeed, leaving many to wonder how this could possibly benefit the network.
Of course we also cover the week’s top entertainment news including how boy band One Direction wants to take a break, why Spotify wants to breach your privacy and Cirque du Soleil is headed to Broadway.
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Showbiz Sandbox 290: Disney Plans A Trip To Star Wars Land
August 17, 2015
Last week the Walt Disney Company held its annual fan club convention, the D23 Expo, which gave the company a chance not only to promote some of its highly anticipated movie releases, such as a live-action “Jungle Book”, but also announce some new additions to their popular theme parks.
Disney plans to leverage its acquisition of Lucasfilm by creating an immersive Star Wars Land at both of its theme parks in North America. The company is also working on a “Toy Story” themed land for both parks as well. This is all on top of the “Avatar” attraction Disney is building in its Animal Kingdom park in Florida.
Meanwhile, the dog days of summer are usually a slow time for live theater productions, especially on Broadway. However this year multiple shows are bringing in million dollar grosses each week, including “Hamilton” a new musical that had the courage to premiere during August.
Of course we also cover the week’s top entertainment news including Sesame Street’s move to HBO, the end of Columbia House and how the late talk show legend Johnny Carson is returning to late night.
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