Showbiz Sandbox 390: The Government Takes Aim At Media Mega Mergers and Net Neutrality

November 27, 2017

The Justice Department filed suit to block the merger of AT&T and TimeWarner. Since President Donald Trump promised to oppose the deal and repeatedly complained about CNN news coverage many see this as political payback. Ironically, however, many impartial observers agree with the Trump administration’s stance, just not for the same reasons. They see the merger as a questionable convergence of media power and vertical integration.

At the same time the Ajit Pai, the chairman of the Federal Communications Commission wants to kill net neutrality regulations that he claims are crippling the internet. Pai’s proposal, which is certain to pass in December, is despised by consumer groups, tech companies and just about everyone other than the handful of giant telecommunications companies it is aimed to help.

Meanwhile, the number of sexual harassment allegations against power players in Hollywood, the media and politics continues to grow, though now we’re calling it sexual misconduct. We’ll touch on the latest entrants to the list including journalist Charlie Rose and Pixar’s John Lasseter.

Of course we also cover the week’s top entertainment news including Netflix’s first Colombian production, Time Inc. gets a new owner, and the nominations for this year’s Spirit Awards.

Read more

Showbiz Sandbox 382: Safety On Hollywood Sets Thrust Into Spotlight

October 3, 2017

When the star of a popular television series was involved in a car accident after a 14-hour day of production it prompted an investigation into the safety of the show’s performers. It also called attention to the simmering issue in Hollywood over on-set safety, which in recent weeks has included the death of a stunt person arguably not trained for the stunt they tackled and the possible murder of a location scout.

In the United States last summer’s box office might have been down, but popcorn sales are up. That’s not enough to keep independent movie theater owners happy. They’re suing the chain Landmark on antitrust grounds. Coincidentally, Landmark sued Regal over the very same issue a few years ago.

Meanwhile, an audit conducted by the MPAA of Chinese revealed that movie theater operators in the country are consistently underreporting ticket sales costing the studios millions of dollars in grosses. Fixing the problem can be a long political process.

Of course we also cover the week’s top entertainment news how Hulu is outbidding Netflix on library content, the reboot of “American Idol” rounds out its judges panel and the big lawsuit between two TV ratings aggregators.

Read more

Showbiz Sandbox 371: Apple and Facebook Get Serious About Original Content

June 19, 2017

Both Apple and Facebook made headlines this week as details of their plans to produce original television content began to emerge. Apple announced the hire of two well-respected development executives to head up their efforts to participate in the golden age of TV, while Facebook closed deals on their first two shows.

It’s a good thing that both Facebook and Apple have deep pockets. If either hopes to upend the television industry the way Netflix and Amazon have, they’ll need to spend billions of dollars on original content, just like these other disruptors.

Spotify is also spending a small fortune to license music as its active worldwide user base suprasses 140 million. They plan on shelling out $2 billion over the next few years, a figure that is sure to rise as the streamer reaches agreements with more record companies.

Of course, we also cover the week’s top entertainment news including Yoko Ono finally getting songwriting credit on John Lennon’s biggest solo hit, “Imagine”, why IMAX is downsizing its workforce, and industry response to Sony’s decision to offer “clean versions” for 24 film titles in their back catalogue.
Read more

Showbiz Sandbox 337: Streaming Comes to the Rescue of the Music Industry (Sort Of)

September 26, 2016

After more than a decade in decline, the sale of recorded music in the United States is set to grow for the second straight year thanks to increased revenue earned from music streaming services such as Spotify. Even so, the music industry is taking in half of what it earned at its peak late 1990s because streaming revenue hasn’t made up for the falloff in actual sales.

Meanwhile, the Dalian Wanda Group continues its invasion of Hollywood by cutting a deal with Sony Pictures to market movies in China. Wanda can practically guarantee the success of a new release given that it controls the largest movie theater chain in China ensuring a film will be scheduled heavily when it opens.

There is no sure bet at Viacom however as the media giant’s leadership remains in turmoil. It’s interim CEO is stepping down sooner than expected and the vice chairman of Paramount Pictures is also exiting. Then last week the company announced it would take a $115 million loss on a movie that hasn’t even been released yet.

Of course we also cover the week’s top entertainment news including a new law requiring websites like IMDb remove an actor’s age upon request, the BBC gets into a bake off battle and why Netflix is getting more original every day.

Read more

Showbiz Sandbox 329: Television Gets Turned Off By Apple

August 1, 2016

Rumors about how Apple plans to conquer television have circulated for years. Initially it was thought the company intended to manufacture a television set. This led to speculation that it was putting together an over-the-top alternative to cable. Now reports have emerged that numerous deals between Apple and the TV industry have collapsed over the company’s aggressive negotiating tactics. Did Apple blow it by trying to tackle too much at once, or did television networks simply feel threatened?

We’ll also spend some time catching up on international movie box office. As much as Hollywood has discovered the benefits of doing business around the globe, so to have its movie stars and filmmakers. In addition, we discuss the flurry of mergers and acquisitions activity taking place among some of the world’s leading cinema chains.

In the publishing world it turns out that 2015 was a pretty good year with over $28 billion in sales just in North America. As well, it appears the release windows between formats like hardcover, paperback and e-books are collapsing or becoming non-existent.

Of course we also cover the week’s top entertainment news including the official end of the VCR, Netflix nabs the new “Star Trek” series and why the final installment of the “Divergent” franchise is headed straight to television.

Read more

Showbiz Sandbox 315: China Becomes A Global Movie Superpower

March 14, 2016

In recent years, Chinese-owned companies have become the film industry’s biggest power players by scooping up production companies and cinema chains. The latest example came when AMC Theatres, owned by China’s richest man Wang Jianlin, announced it will acquire Carmike Cinemas to become the world’s largest motion picture exhibitor.

It’s easy to see why the Chinese are so hot on the cinema business given that their box office surpassed that of North America during the month of February for the second time ever. Yet if you were to ask some financial analysts, Hollywood Hollywood is starting to look like the video game industry before it imploded; bigger budgets, fewer winners and more losers. Is Hollywood about to shrivel up like Pac-Man?

Then there are those like Sean Parker, one of the founders of Napster and Facebook, who are trying to convince Hollywood that it’s time to start making big movies available in consumer’s homes the same day they hit theaters. Is there any business model in which that could actually work?

Of course we also cover the week’s top entertainment news including the authors nominated for this year’s prestigious Man Booker Prize, music sales in France plummet and Kevin Spacey won’t be heading up Relativity Media after all.

Read more

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.

Read more