Showbiz Sandbox 510: Studios Play Hide and Seek With Box Office Data
September 15, 2020
Now that new movies are once again playing in reopened cinemas, studios are reluctant to report their pandemic crippled grosses lest their films be deemed publicly as financial flops. At least two studios are delaying box office reports of their latest releases in what many industry insiders fear is a new trend. Is it appropriate for distributors to break with a decades old tradition of reporting weekend grosses in the midst of COVID-19 or do they have the right to keep box office on their titles confidential?
Meanwhile, the Academy of Motion Picture Arts and Sciences announced a new diversity initiative for the Oscars. Now for a film to be eligible for the Best Picture category it has to meet at least two of four diversity requirements. It’s a thoughtful move, even if almost every film made in the last ten years can easily meet the new requirements
Of course we also cover some of the week’s top entertainment headlines including why Disney’s “Mulan” is stirring up unwanted controversy, a major talent agency finally agrees to the Writers Guild code of conduct and sales of vinyl records surpass compact discs for the first time in over 30 years.
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Showbiz Sandbox 456: The TV Shows That Will Benefit Most From An Emmy Nomination
July 22, 2019
Television audiences have become so fragmented these days that almost every show can benefit from Emmy Awards attention. Sure, you think everyone knows about shows like “Stranger Things” and “The Handmaid’s Tale” We ask which series might get a needed ratings boost from being in this year’s Emmys race.
HBO took home the most Emmy nominations helped by “Game of Thrones” which set a record earning 32 nods, the most ever for a single show. However, with “GoT” and “Veep” in their final seasons is HBO’s award enjoying a swan song over its Emmy dominance?
Meanwhile, Disney’s latest live-action adaptation opened internationally to $531 million on its way to what is likely another billion dollar gross for the studio. In fact, Disney may have five billion dollar movies this year alone.
Of course we also cover the week’s top entertainment headlines including the headlines from Comic-Con, Netflix subscribership drops and why you may not be able to find that hot new album at your local record store.
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Showbiz Sandbox 451: With Streaming On the Rise, Apple Kills iTunes
June 3, 2019
Before the iPod, when Napster was turning casual music fans into criminals, Apple saved the music industry by launching iTunes. What the music industry feared would enable people to organize the music they’d already stolen, actually allowed people to start buying digital music legally. Within a few years Apple became one of the largest music retailers in the world.
Now that the software seems to have outlived its purpose Apple will launch new apps to handle music, video, books and podcasts and the once iconic all-purpose library known as iTunes will disappear. It turns out this may also be a way to force consumers into signing up for Apple Music, the company’s music streaming service.
Meanwhile, the state of film and television production has been turned upside down in Georgia thanks to the passage of a new law restricting abortion. Studios, networks, producers, directors and actors must decide whether to continue shooting in Georgia and accept its tax subsidies, or boycott the state entirely.
Of course we also cover the week’s top entertainment headlines including a record setting season on Broadway, the “Game of Thrones” creators dump their manager and the Oscars announced this year’s Governors Awards.
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Showbiz Sandbox 449: Staying Up Late In Cannes
May 20, 2019
Stories about women empowerment and a growing discontent among the middle or working class have taken center stage at this year’s Cannes Film Festival. A spotlight has also been given to diversity with the 2019 program filled with titles by filmmakers from all over the world, as well as a number of women, including the first female African director. Some selections from legendary filmmakers such as Pedro Almodovar and Terrence Malick are being hailed as masterpieces, despite any dissenting minority.
Keep in mind we are only half-way through the 2019 Cannes Film Festival, which is always a marathon, more than a sprint. Attendees watch hundreds of movies across more than four different categories and, as of this year, the press no longer gets to see the films ahead of their premiere. We discuss what that means for the filmmakers and why journalists may be losing sleep over the new protocol.
Meanwhile, it seems that some talent agencies have begun to sign the Writers Guild of America’s new code of conduct contract, albeit none of them are firms that package television shows or are even in the Association of Talent Agents. Are the agencies going to crack or are writers beginning to realize that maybe agents aren’t as important as they once were.
Of course we also cover the week’s top entertainment headlines including Disney takes full control of Hulu, the entertainment industry continues to work out how or whether to shoot their productions in Georgia and ITV cancels the Jeremy Kyle Show after one of its guests commits suicide.
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Showbiz Sandbox 443: Netflix Dominates CinemaCon Conversation
April 8, 2019
Movie theater owners from around the world gathered in Las Vegas last week to see what upcoming releases studios have in store for them. Sony skipped this year’s CinemaCon leaving many puzzled as to why and Fox showed up with their new owner, Disney. Yet it was a company that doesn’t willingly release films in cinemas that generated some of the biggest buzz; Netflix.
What we learned from attending this year’s CinemaCon is that theatrical windows aren’t disappearing anytime soon, neither are moviegoing subscription services, but 3D grosses have collapsed everywhere but in Asia. Saudi Arabia, the hot topic of last year’s show, was barely mentioned.
You’d think during a year in which worldwide box office set a new record, cinema operators would be rejoicing, however exhibitor and studio consolidation has everyone on edge, as they wait and see how Disney handles its acquisition of Fox.
Of course we also cover the week’s top entertainment headlines including a big ratings decline for “The Walking Dead,” the WGA and talent agencies continue their contentious discussions and the Justice Department goes after the Academy.
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Showbiz Sandbox 412: Canceling “Roseanne” Was A No Brainer for ABC
June 4, 2018
Never before has a major broadcast network canceled a number one rated television show, let alone done so within hours of a brewing controversy sparked by one of its stars. Yet that’s exactly what happened last week when a racist tweet from Roseanne Barr caused ABC to ax the popular reboot of her eponymous hit sitcom. What’s remarkable is not only the unprecedented nature of the move, but more so the speed at which the decision was made and carried out.
Meanwhile the Tony Awards are being held next week to honor the best new Broadway productions, however there is little suspense over who will win since it’s already seen as a foregone conclusion. That’s why we look ahead to next year’s theater season and tell you which shows we’d back as investors.
And MoviePass is once again in the news, though this time it’s not for their subscription movie ticket service but rather a film they are co-distributing in North America. Turns out they may have an indie-hit on their hands.
Of course we also cover the week’s top entertainment news including why YouTube stars are so stressed out, how much Taylor Swift is raking in with her latest tour and Neil Portnow will step down as the head of the Recording Academy.
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Showbiz Sandbox 396: Has the #MeToo Movement Pushed Actress Salaries Higher?
January 22, 2018
As Hollywood continues to grapple with how to handle decades of sexual misconduct one immediate benefit for women throughout the industry may come in the form of higher paychecks. Take actress Ellen Pompeo, for instance. The star of “Grey’s Anatomy” for the past 13 years dished the dirt on her contract with ABC and after years of trying to be paid as much as the male leads of the show, she now makes $20 million per season.
Naturally not everyone working in television who is looking to be paid what they are worth, or even what they are owed contractually, is a woman. Frank Darabont, who created the hit series “The Walking Dead” has been suing AMC for years over profit participation in the show he was fired from. Now Darabont is returning to court armed with even more evidence the network tried to hoodwink him.
Meanwhile the awards season plows on with some claiming there are no front runners in the Oscars race. That seems strange when “The Shape of Water” (The Producers Guild) and “Three Billboards Outside Ebbing, Missouri” (SAG Awards) keep winding up at the top of most lists.
Of course we also cover the week’s top entertainment news including why the Huffington Post is saying goodbye to its bloggers, YouTube sets new guidelines for its partner program and MoviePass gets into the film distribution game.
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Showbiz Sandbox 394: A Golden Globes Ceremony With Perfect Timing
January 8, 2018
Amid a sea of black dresses and black tie Hollywood held its first big annual event of the #metoo age as the Golden Globes became a platform for the industry to speak out on gender inequality. The highlight of the evening came when Oprah Winfrey delivered a rousing acceptance speech for an honorary award that had everyone wondering whether she plans on running for president in 2020.
Meanwhile, estimated financials for 2017 are being tallied and it looks as if the global box office set new highs, thanks in part to the Chinese market which is still rising sharply. In North America however, attendance reached a low that hasn’t been seen in decades generating receipts that declined only slightly.
And just as a new wave of lawsuits threaten to swamp Spotify, the music streaming service looks to cash in with one of the largest direct public offerings ever. Apple music is still trying to catch up to Spotify’s 70 million paying subscribers as Jimmy Iovine, one of their key executives, is reportedly stepping down this summer.
Of course we also cover the week’s top entertainment news including Broadway’s record breaking year, Lady Gaga heads to Las Vegas and John Legend becomes a savior.
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Showbiz Sandbox 386: Keeping Up With Hollywood Sex Scandals Becomes A Full Time Job
October 30, 2017
October has been a particularly horrific month for Hollywood this year, and not just because of the run up to Halloween. After a record setting September, North American box office dropped to a ten year low in October as major releases failed to attract audiences. Then there was the flood of industry-wide sexual harassment claims, an ongoing story with no end in sight.
What started with egregious allegations against indie-mogul Harvey Weinstein has led to actors and actresses coming forward with more stories of harassment, including one against two-time Oscar winner Kevin Spacey, who has been accused of making sexual overtures to a 14-year-old boy over 30 years ago.
Meanwhile, the publishing industry has some good news about book sales and we’ll explain why lists announcing the best books of 2017 have already been compiled by trade publications, two months before the year is over.
Of course we also cover the week’s top entertainment news including how the Disney Channel is introducing a gay storyline, a virtual reality project wins a special Oscar and the latest Star Trek series will get a second season.
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Showbiz Sandbox 378: ESPN Goes Looking For Some Fights
August 28, 2017
In the midst of a blockbuster boxing match viewed around the world between welterweight champion Floyd Mayweather Jr. and MMA champion Conor McGregor, ESPN announces they spent a small fortune to secure the worldwide rights to future bouts. The network plans on providing access to the fights on their recently announced streaming service, with ESPN even getting a potential piece of any fights that go the pay-per-view route.
The Mayweather vs. McGregor match was faulted for causing the North American box office to dip to it’s lowest level in 16 years this past weekend. In fact, box office receipts which will not surpass $4 billion for the first time since 2006 thanks to an attendance decrease of 25%. Maybe MoviePass, a subscription moviegoing service, will help fill cinemas now that they’ve lowered their price to $10 per month.
Meanwhile “Handbook for Mortals” took the young adult book genre by storm over the last week, and not in a good way. The debut novel topped the New York Times bestseller list for that genre its first week out without anyone ever having heard of the book or its unknown author. Controversy ensued.
Of course, we also cover the week’s top entertainment news including why the issue of on-set safety has gotten a lot of attention after Tom Cruise got injured making the next Mission: Impossible movie, the big editorial changes at the Los Angeles Times and how “The Walking Dead” has inspired another lawsuit.
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