March 13, 2017
Trade unions and guilds are not a new concept in the entertainment industry, yet they seem to be making headlines lately as more niche craftspeople elect to join them or have them negotiate their contracts. Last week the largest employer of Spanish-language performers in the U.S. voted to join SAG-AFTRA and the United Scenic Artists, which represents set designers on Broadway, was able to sign its first contract with the League of Off-Broadway Theatres & Producers.
One major reason for all this recent union activity is the growing number of entertainment industry workers whose pay falls below a living wage. When the star of a hit telenovela airing on an NBCUniversal network needs to hold a second job as an Uber driver, you know there must be a problem.
Meanwhile, the influx of financing into Hollywood coming from China may be coming to an end. The Chinese government has begun to restrict the outflow of capital from the country to stem what they deem “irrational” foreign investments while at the same time stabilizing local currency. This new regulatory oversight helped kill Wanda’s $1 billion deal for Dick Clark Productions.
Of course, we also cover the week’s top entertainment news stories including how a rapper made history by knocking himself off the top of the album charts with his next release, HBO heads to Latin America with original programming and why we’ll have to wait a little longer for those “Avatar” sequels.
June 27, 2016
Thanks to the passage of a referendum in the United Kingdom dubbed Brexit, Britain will soon be leaving the European Union. Entertainment companies beyond those in the UK suddenly face a lot of uncertainty and confusion over deals they have already made and will be making in the months and years to come. We discuss how the Brexit vote may affect the entertainment industry.
In other troubling news, the long awaited (as in 20 years) sequel to “Independence Day” opened to disappointing box office returns. This has led to industry pundits spouting erroneous lessons Hollywood can take away from its release. Knowledgeable nuggets such as don’t wait too long to make a sequel (or did they forget about “Star Wars”) and don’t make sequels without the original star (though “Jurassic World” proved that theory wrong just last year).
We also take a look at virtual print fees or VPFs. A letter from one of our listeners asked us to clarify how small independent distributors can afford them. So, we review the history of VPFs, how they work around the world and when studios will stop paying them to theater owners.
Of course we also cover the week’s top entertainment news including a court decides that legendary rock band Led Zeppelin didn’t plagiarize its biggest hit, “Mr. Robot” gets more episodes in its second season and “Star Trek” fan films get a green light from Paramount Pictures (sort of).