April 2, 2012
Hollywood studios spent this past week waging a bidding war for a book derived from fan fiction stories on “Twilight” websites. Universal Pictures wound up paying an estimated $5 million for E.L. James’ “Fifty Shades of Grey”, an erotic novel that has become a best selling phenomenon despite only being published as an e-book. Producers now must figure out how to handle the graphic sexual content found in titles the media has dubbed “mommy porn”.
Last week also marked the merger of SAG and AFTRA, the unions representing actors. Members of both groups overwhelmingly voted to join forces to create the largest bargaining group in Hollywood. Only time will tell if presenting a united front will give the thespians more power to negotiate better contracts.
Meanwhile, the popular music streaming service Spotify has decided to allow unlimited free listening indefinitely. While this is good news for music fans, how will Spotify, which has yet to turn a profit, pay increased licensing fees to all the record labels?
March 13, 2012
Oil rich Nigeria may be best known for political upheavals and brutal civil wars, though over the past twenty years the country has given birth to a thriving film industry. New York Times Magazine contributing writer Andrew Rice explains that what started out as a surplus of blank VHS tapes has grown into what is now called Nollywood; the world’s third largest movie business. Nollywood films now suffer from the same issues faced by Hollywood and Bollywood; piracy and escalating production costs.
The budget for Disney’s “John Carter” was about five thousand times that of the average Nollywood film, which is probably why a $100 million worldwide opening is seen as a bit of a disappointment. Directing his first live-action film, Pixar veteran Andrew Stanton seems to be getting most of the blame for the movie’s lack of success, though it just as easily could be pinned on a studio full of senior executives that lacked experience producing big blockbusters.
Speaking of pricey failures, Fox canceled its sci-fi series “Terra Nova”. Producers hope the show will be picked up by another network, though at $4 million per episode few can afford it.