Showbiz Sandbox 464: Warner Bros. Gets the Last Laugh With “Joker”
October 7, 2019
After winning the top prize at the Venice Film Festival last month, “Joker” shattered October box office records around the world. This was despite mixed critical reviews and concerns about violence that led to heightened security at movie theaters. The question remains whether the movie will be too dark for Oscar voters come awards season.
The box office in China also made headlines over the past week as the country celebrated National Day by heading to the movies. China’s biggest release for the holiday week even made it onto the North American box office charts.
Meanwhile, one of Hollywood’s biggest talent agencies was hoping to raise a lot of money by going public and ultimately change how agents do business. However, Endeavor wound up pulling its initial public offering at the last minute as market makers began raising doubts.
Of course we also cover the week’s top entertainment headlines including how who will be performing at next year’s Super Bowl Halftime Show, Spider-Man rejoins Marvel’s Cinematic Universe and Apple will release (some of) its movies in theatres with a 90-day theatrical window.
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Showbiz Sandbox 433: 2018 Was A Blockbuster Year at the Box Office
December 31, 2018
A string of big movie releases during the holidays helped the North American box office set a record in 2018, ending the year at $11.9 billion. Ticket sales also set a record in China where roughly $8.7 billion was earned. These two territories combined accounted for 48% of the $41.7 billion global box office.
However, growth in the second largest movie market in the world slowed to 9%, down from nearly 14% the year before. That’s why China ignored it’s quota on imported films at the end of 2018, allowing several Hollywood titles to be released. We’ll see if that trend continues into the new year.
In somewhat related news, a survey commissioned by the National Association of Theatre Owners showed that streaming services like Netflix do not adversely affect the frequency of moviegoing. Apparently people who watch a lot of movies at home, also like to watch movies in theaters. Go figure.
Of course we also cover the week’s top entertainment headlines including the Aretha Franklin’s back taxes, Ed Sheeran’s blockbuster tour and why CBS wants to dump Nielsen.
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Showbiz Sandbox 432: Peak TV Just Got Peakier
December 17, 2018
When John Landgraf, head of the FX network, proclaimed we had reached a state of “peak TV” back in 2015, he predicted the 422 television shows being produced at the time would inevitably decline since there was no way for audiences to keep up. Last year however, that number rose to 495 series being produced. To put this increase in perspective, there were 182 shows on the air in 2002.
It’s safe to assume these numbers are bound to rise with new entrants into the video streaming market launching in 2019 including Disney and WarnerMedia. What’s more, the annual amount of money being spent on all this content is astonishing with the likes of Netflix and Amazon each spending $8 billion and $5 billion respectively. And that’s nothing compared to the $22 billion Disney is shelling out.
Meanwhile, the awards season is underway with all sorts of groups weighing in on their favourites, including the Los Angeles Film Critics Association, the Golden Globes and the first awards that matter: the Screen Actors Guild. Spoiler alert: “Roma” just hit a roadblock.
Of course we also cover the week’s top entertainment headlines including the Grammy nominations, new entrants to the National Film Registry and Mariah Carey’s latest chart-topping hit is a quarter century-old Christmas song.
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Showbiz Sandbox 428: Why Everyone Is Raving About “Red Dead Redemption 2”
November 5, 2018
While there may still be some debate over whether video games are works of art, there is no doubting their earning potential. This was proven yet again when the game “Red Dead Redemption 2” earned a whopping $725 million in global retail sales after its first three days. And with glowing reviews haling it as a new gold standard for video games, and online components yet to be released, it’s poised to rake in much more.
Meanwhile, theatrical box office in North America is also looking profitable. In fact, 2018 may end with record setting grosses (if not attendance), and it’s all due to Hollywood releasing blockbuster movies outside the usual summer and holiday season.
In China, movie stars continue to fess up to how much money they have avoided paying taxes on. The latest is Chow Yun Fat who took his cue from the government and decided now was a good time to announce he’d be giving away his fortune, estimated at more than $700 million.
Of course we also cover the week’s top entertainment headlines including why Rihanna turned down the Super Bowl halftime show, Drake topples another Billboard chart record and why Broadway is skewing a little younger.
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Showbiz Sandbox 398: Streaming Services Crowd The Field During Super Bowl
February 5, 2018
The ratings for this year’s Super Bowl may have declined 7% and we might know why. After all, there were ads for Hulu, Netflix movies like “The Cloverfield Paradox,” Amazon Prime’s Jack Ryan series and even a few movies that might appear in theatres later this year. Oh, there was also a pretty good football game that came down to the last play.
The big game usually puts a damper on the box office in North America, but it certainly doesn’t help when new releases can’t hold their own against titles that opened in December. Even so, international grosses are where all the action is these days and over the past week a Bollywood title managed to beat out the latest “Maze Runner” installment in China. We’ll explain why.
Meanwhile, the Oscar race is coming into sharper focus now that the Director’s Guild has handed out their top awards to “The Shape of Water” and “Get Out”. It’s important to remember however, that the preferential ballot has managed to upend the Best Picture category recently.
Of course we also cover the week’s top entertainment news including why there is a petition for RIAA president Neil Portnow to resign, compact discs are slowly disappearing from retail outlets and Netflix may team up with Luc Besson.
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Showbiz Sandbox 385: Hollywood Finally Addresses Concerns Over Sexual Harassment
October 23, 2017
The recent and voluminous sexual harassment claims against mega-producer Harvey Weinstein have ignited a firestorm of similar allegations by women against numerous professionals throughout the industry. It has grown into a day of reckoning that is reaching directors, agents and executives in Hollywood, to encompass the music, publishing and video game industries too.
Last week it was revealed that filmmaker James Toback sexually harassed upwards of 38 women over a course of decades. At the same time Nickelodeon fired Chris Savino, the creator behind one of its most popular series, over harassment claims and the head of amazon Studios stepped down under a cloud of similar accusations.
Meanwhile, Ticketmaster may have finally found a way to squelch scalpers from buying up all the best seats at live events. Its Verified Fan program is getting great, albeit expensive, tickets into the hands of actual fans. Now all they have to do is work on the technology to make it work more effectively.
Of course we also cover the week’s top entertainment news including Netflix continues to expand its subscriber base, Justin Timberlake will perform at the Super Bowl halftime show and HBO will bring its international productions to the United States.
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Showbiz Sandbox 354: Why the Entertainment Industry Should Care About Net Neutrality
February 6, 2017
President Donald Trump’s selection of Ajit Pai to chair the Federal Communications Commission has moved quickly to rollback consumer protection regulations long thought to be settled; specifically net neutrality. Rules put in place to ensure an open internet allowing every company to compete on equal footing could get thrown out for ones that favor four telecom giants. That could mean record labels, movie studios, streaming music and video providers wind up paying much more to reach audiences.
In addition, Pai threw out proposed rules that would have allowed cable subscribers to purchase their set top boxes. Consumers in the United States presently pay $200 or more per year to rent such equipment putting $20 billion annually into the pockets of video providers. Will legislative bodies in other countries take similar stances in the wake of such F.C.C. moves?
This all comes as streaming music revenue has helped slow or reverse years of declining income sales for record companies. Nielsen music reports that streaming platforms provided 38% of total audio consumption in 2016, up from 23% in 2014. In fact, these days a glut of streaming music providers are trying just about everything to differentiate themselves in what has become a crowded marketplace.
Of course, we also cover the week’s top entertainment news stories including Disney’s $100 million anti-poaching settlement with animators, Oprah Winfrey joins “60 Minutes” and which media outlets have backed out of the annual White House Correspondents Dinner.
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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 331: Apparently Warner Bros. Needs to Start Making Donuts
August 16, 2016
In a scathing open letter published last week, an alleged ex-Warner Bros. employee took the studio and its chairman Kevin Tsujihara to task for a number of recent missteps. The author mocks studio brass for doubling down on the talent delivering critical duds such as “Batman v Superman” and their inability to make a hit movie, despite somehow managing to keep their jobs.
Though the veracity of the letter is questionable, it caused ripples in Hollywood not because it revealed a trove of inside secrets, but more due to the fact that it publicly stated what so many have been whispering about Warner Bros. lately; a lack of leadership and a confused executive team have led to a year of mixed results.
Meanwhile, we’ve been watching the Rio Olympics, along with three or four billion viewers around the world. Despite audience figures that are down from the London games in numerous territories, the Summer Olympics is arguably still a ratings juggernaut hard to compete against, giving networks broadcasting the event a serious advantage.
Of course we also cover the week’s top entertainment news including how a Netflix documentary helped overturn a murder conviction, why Thomas Gibson got fired from “Criminal Minds” and Comedy Central cancels “The Nightly Show”.
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Showbiz Sandbox 303: Film Critics Disagree On The Best Movies of 2015
December 7, 2015
The National Board Of Review, the New York Film Critics Circle and the Los Angeles Film Critics have all weighed in on the best movies and performances of 2015. We said it was a wide-open awards race and perhaps for the first time in history, none of them agree. On anything.
On the other hand, the Grammy Award nominations seem to have come to a consensus with just about everyone agreeing Kendrick Lamar released one of the best albums of the year. We’ll fill you in on some of the other musicians who racked up Grammy nominations this year.
During Inside Baseball we once again turn to the world of television where new studies are reporting that ad sales are edging downward as advertisers begin to increase their campaign spends on digital media outlets.
Of course we also cover the week’s top entertainment news including how Adele’s latest release became the only album to ever sell more than one million copies during two different weeks, Jerry Seinfeld agrees to a long term residency at New York’s Beacon Theatre and Morrissey wins a dubious award for his first novel.
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