September 6, 2011
Big budget sequels and super hero movies helped push the bar on summer box office records slightly higher. North American grosses rose to $4.4 billion as overseas markets improved to $8.2 billion in receipts. But how much did all those blockbusters actually cost to produce and market? After all the money is counted, how profitable will the latest installments of “Pirates of the Caribbean” and “Transformers” truly be? We sharpen our pencils and do the math to answer all these questions and more.
One future blockbuster that was recently axed by Disney may actually get made after all. The studios is lowering the budget on “The Lone Ranger” by asking star Johnny Depp and filmmaker Gore Verbinski to take a pay cut.
The publishing world also seems to be doing quite well lately thanks to strong sales of digital titles. Even though the e-books may be getting all the love in mainstream media stories, Random House wants everyone to know that print books aren’t dead. In fact, the sale of hardcover and paperback books still outpaces their digital counterparts.
August 1, 2011
Digital distribution of television shows, movies and music has become quite trendy in Hollywood. Not a week goes by that companies such as Netflix, Spotify, Hulu and others aren’t in the news cutting some sort of deal with a big studio, television network or record label. This past week retail giant Amazon and online video portal YouTube made big additions to their streaming content libraries while Fox decided to limit those who could view their shows online. We provide a rundown of all the recent announcements and what they might mean for you, the consumer.
We are also joined by Roger Goff, an entertainment attorney with Wolf, Rifkin, Shapiro, Schulman & Rabkin. He helps us understand a few recent lawsuits filed by television producers, especially one in which the producer of “American Idol” is suing Fox over not being made an executive producer on the upcoming reality series “X-Factor”.
Speaking of legal issues, it turns out the NBCUniversal Comcast merger wasn’t as much of a done deal as everyone thought. A federal judge is threatening to hold up approving the union claiming it may not be in the “public interest”.