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 306: Deconstructing the 2015 Movie Box Office
January 4, 2016
Few, if any, can rival Paul Dergarabedian when it comes to analyzing the film industry’s global box office. Rentrak’s senior media analyst has been running movie numbers for upwards of 20 years now and is a regularly quoted box office pundit. Dergarabedian joins us to discuss how 2015 turned into a record breaking year at the box office all over the world.
We cover everything from how the winners at last year’s box office left little for the losers to the increasing role social media plays in the fortunes of any given movie, from the importance of international grosses to the record shattering “Star Wars” sequel. One big question is how 2016 could ever top last year’s figures or if that even matters.
We wind up in the music business where lawsuits are always a good indication on the issues affecting the industry. Two big new lawsuits target Spotify and Ticketmaster. We’ll explain what they are all about… and predict if they will actually make it to trial.
Of course we also cover the week’s top entertainment news including why The Beatles agreed to put their music on streaming services, how Taylor Swift’s concert tour topped the charts last year and the sexual assault charge against Bill Cosby.
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Showbiz Sandbox 281: Literati Get Down To Business at BookExpo and BookCon
June 2, 2015
BookExpo America and BookCon are two of the most important events in the North American book publishing business. BEA is a trade show where the publishing industry talks to itself. Editors, writers, publicists, librarians and bookstore owners all get together for meetings and professional seminars.
BookCon is where the publishing industry talks directly to the world through a conference aimed at book lovers. There are loads of author talks, book signings and even movie screenings. Our own Michael Giltz attended both shows last week and fills us in on all the emerging industry trends and hot new titles.
Meanwhile, Broadway is gearing up for the Tony Awards next weekend to honor the best and brightest productions from the past year. They have a lot to celebrate too, as the most recent Broadway season set a number of records, grossing a record $1.3 billion and selling 13.1 million tickets in all.
Of course, we also cover the week’s top entertainment news stories including why Iggy Azalea canceled her upcoming tour, why film composers are suing Hollywood studios and China cracks down on reality television.
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Showbiz Sandbox 271: A Brief History of Net Neutrality
March 2, 2015
Last week the Federal Communications Commission approved new rules that will regulate broadband Internet service and enforce net neutrality. Just in case you’re still trying to decipher the net neutrality news, Jonathan Strickland, a senior writer for How Stuff Works, explains exactly what it is how the issue has evolved over time, starting in the 19th-century with laws designed to govern railroads.
Another hot topic in Hollywood lately has been the executive shuffle taking place at several studios. Former Fox exec Tom Rothman will take over for the recently departed Amy Pascal as head honcho of Sony Pictures, while Paramount begins its own search for a new leader after the departure of Adam Goodman.
Surely all of these moguls would be quick to assure you that Will Smith is indeed a movie star despite a few recent box office duds, yet as his latest film hits theaters news stories abound asking whether the actor can still open a movie.
Of course, we also cover the week’s top entertainment news stories including the Blade Runner sequel moves forward, Pee Wee Herman brings his playhouse to Netflix and Disney reboots Ducktales.
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Showbiz Sandbox 263: A Review of the Entertainment Industry’s Annus Horribilis
January 6, 2015
There’s no getting around the fact that 2014 was a financially dismal year for the entertainment business. Movie box office, home video revenue and music sales were all down significantly in most territories. The only bright spot might be television ad sales which grew slightly, albeit at lower level than originally forecast.
Statistically speaking the numbers don’t look good. Movie attendance plummeted to the lowest levels since 1995. Home video returns decreased nearly 2%, despite a rise in digital downloads. Music sales continued their global decline as more consumers turn to streaming services.
Industry-watchers are predicting that, except for box office, 2015 could produce the same mixed results for entertainment companies as digital technologies keep disrupting longstanding business models.
Of course, we also cover the week’s top entertainment news stories including the most pirated TV shows and movies of 2014, how One Direction became the year’s top concert draw and an update on the Sony Pictures cyber attack.
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Showbiz Sandbox 260: The Race To Build A Bigger, Louder And More Expensive Movie Theater
December 8, 2014
When it comes to giant screen cinema IMAX is still the most dominant player, but with theater owners building their own premium large format auditoriums new competitors have started to spring up. Dolby, a company known for cinema audio technology, is the latest to enter the fray with their own PLF offering that includes bigger screens, more immersive sound and, of course, a higher ticket price. Whether such offerings will catch on with moviegoers remains to be seen.
The only big news anyone in the entertainment industry wants to talk about right now is the cyber attack on Sony Pictures. Security experts say it’s shaping up to be the largest and most damaging hack against a commercial business in history. Authorities investigating the crime are no closer to catching the perpetrator than when the incident first made headlines two weeks ago.
The Grammy Awards were also making headlines last week. In fact, the annual music awards show tried to stay at the top of the news cycle by announcing nominees via various platforms throughout the course of an entire day. The real story however, turned out to be which musicians actually received nominations and which were overlooked.
Of course, we also cover the week’s top entertainment news stories including the name of the next James Bond film, U2 announces a world tour and CBS gets into another retransmission dispute.
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Showbiz Sandbox 255: Better Pixels Not More Pixels – Why You’ll Never Care About 4K or 8K TV
October 27, 2014
Technology is quickly emerging that delivers enhanced theatrical and home viewing experiences the likes of which audiences have never seen. What remains unknown is whether consumers even notice incremental upgrades such as Ultra HD or care enough to pay extra for them. TV manufacturers sure hope so.
However, at the SMPTE 2014 Technical Conference held last week in Los Angeles, some of the industries smartest engineers agreed that images with a wider contrast and color range (HDR) are preferable to those packing more pixels into every frame (4K). They also questioned if we were technically capable of getting all this enhanced content onto screens both big and small.
China, on the other hand, will take any content they can get their hands. After Hollywood spent years trying to break into the Chinese market, China is now come knocking down Hollywood’s door in search of movies and television programs to show via streaming and subscription services.
Of course, we also cover the week’s top entertainment news stories including how Ken Burns scored big ratings for PBS with his latest documentary, why sock puppets are all the rage on Broadway and TLC shows Honey Boo-Boo the door.
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Showbiz Sandbox 252: Crouching Netflix, Hidden IMAX and the Myth of Broken Release Windows
October 6, 2014
The Weinstein Co. stunned the entertainment industry last week by announcing they would distribute the sequel to “Crouching Tiger, Hidden Dragon” simultaneously on Netflix and IMAX. As Brooks Barnes of the New York Times explains, the plan only has one problem; movie theaters refuse to show any film that opens day-and-date on home video or video-on-demand. This begs the question, if a movie never opens theatrically, was it’s release window really broken?
Netflix continued to make additional headlines later in the week by signing a deal with actor Adam Sandler to make four original movies for the streaming service. We discuss whether Netflix is changing the Hollywood paradigm or simply becoming one more buyer of premium content.
While Netflix is leaning into the future, director Christopher Nolan is taking a more old fashioned approach by releasing his upcoming movie on actual film. Select theaters showing “Interstellar” on analogue celluloid will get the film two days early. But will theater owners, who recently converted to digital cinema, still know how to thread a 35mm projector?
Of course, we also cover the week’s top entertainment news stories including the death of Saturday morning cartoons, why U2 released their latest album on vinyl and how Facebook is helping “Twilight” live on through a series of short films.
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Showbiz Sandbox 249: Why Film Festivals Are More Important Than Ever
September 16, 2014
Anne Thompson, an editor at Thompson on Hollywood and Indiewire, just spent the past two weeks at the Telluride and Toronto Film Festivals before she heads off to the New York Film Festival. Thompson takes us through some of the noteworthy films we’ll be seeing in coming months and discuss the important role festivals play in creating buzz before a movie’s commercial release.
The competition for landing premieres of noteworthy titles has become so fierce that Toronto switched up its programming this year to give less prominence to any film screening a week earlier at Telluride. One aspect of each festival which is unlikely to change is their reputation for selecting films that go on to win Best Picture Oscars.
While fall festivals might be the talk of the film industry, television executives have been preoccupied with their over-the-top strategies. As audiences switch to OTT offerings from Amazon to Roku, networks are experimenting with direct-to-consumer offerings while contending with increasingly meaningless overnight ratings.
Of course, we also cover the week’s top entertainment news stories including opting-out of a free U2 album, Microsoft picks up “Minecraft” and Netflix’s invasion of Europe.
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Showbiz Sandbox 248: Hollywood Squeezes States For More Tax Breaks
September 9, 2014
California is set to triple their tax subsidies for film and television production to more than $330 million annually in an effort to stem the tide of runaway production to states with larger tax incentives. Richard Verrier of the Los Angeles Times discusses the growing debate over the value of film tax breaks and whether they actually create new jobs, or just shift them to different locations.
There is absolutely no debate over whether this summer’s box office was down from the previous year. However as we explain, comparing year-over-year box office figures is misleading at best and ultimately a fool’s errand.
In an unusual move the rock band U2 will be giving away its new album “Songs of Innocence” to more than 500 million iTunes users for a limited time. Making the release free to download only serves to further underscore where most artists make their money these days; on tour.
Of course, we also cover the week’s top entertainment news stories including the new head of DreamWorks, why it will take a century for anyone to read author Margaret Atwood’s latest work and “The Simpsons” make their way to China.
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