Showbiz Sandbox 543: Amazon Grabs a Lion’s Share of MGM
June 1, 2021
In a move that had been rumored for weeks, Amazon became the first tech company to purchase a Hollywood movie studio in an $8.45 million deal. The acquisition will arm Amazon with over 4,000 movies like the Bond Franchise, “The Pink Panther” and “Robocop,” not to mention upwards of 17,000 television episodes. The real question is why did it take so long for a tech giant to buy a movie studio?
Meanwhile, a holiday weekend helped spark the post-pandemic North American box office as movies that were originally scheduled for release last year opened in theaters. Some new titles like “Cruella are also available on VOD at the same time. Is day-and-date releases hurting the box office prospects of such films?
Of course we also cover some of the week’s top entertainment headlines including the Academy Awards returns to its normal schedule, HBO Max is moving into Latin America and why “Friends” was censored in China.
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Showbiz Sandbox 528: Crunching The Numbers On Cinema Attendance Trends
February 9, 2021
With media reports constantly declaring that cinema admissions have been steadily declining for the past two decades, we set out to determine if such proclamations are actually true. Has moviegoing kept pace with population growth or fallen off? With some help from our listeners we do the math to answer the question once and for all.
Meanwhile, the Writers Guild of America is taking a victory lap after they reached a deal with William Morris Endeavor, the last of the major Hollywood talent agencies yet to sign a new franchise agreement. This means that television packaging fees and ownership of affiliated production companies will be winding down at agencies over the next two years.
Of course we also cover some of the week’s top entertainment headlines including why TikTok will start paying for music, Nielsen revamps its streaming charts and this year’s SAG Award nominations.
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Showbiz Sandbox 526: Hollywood Reshuffles 2021 Blockbusters
January 26, 2021
The coronavirus pandemic continues to wreak havoc throughout the film industry. With most movie theatres around the world currently closed due to COVID, Hollywood studios have delayed almost all of their major releases into the latter half of this year. There is even talk that the Cannes Film Festival will move from May to sometime in July.
Unlike cinemas, streaming media companies are currently thriving, with Netflix surpassing 200 million subscribers worldwide. Despite all of the competitors entering the marketplace, the company set a record high stock price after announcing they won’t need to borrow any additional money to fund new content.
Of course we also cover some of the week’s top entertainment headlines including the new “High School Musical” generates a chart-topper, Viacom changes up its streaming strategy and Spotify ventures into audiobooks.
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Showbiz Sandbox 520: Writing Hollywood’s Obituary… Again
December 8, 2020
The film industry is facing an existential crisis due to the COVID pandemic; film productions are struggling to continue, cinema chains have become burdened with debt and studios are sending their blockbuster releases directly to streaming services. In fact, last week Warner Bros. announced that its entire 2021 slate of movies would be released both in theatres and on their streaming service HBO Max, at least in the United States.
Brooks Barnes, a reporter for the New York Times, recently wrote a feature story detailing the death of Hollywood…again. Literally the headline used the word obituary. Barnes joins us to discuss the unprecedented challenges and disruption the industry is facing and helps us understand their overall ramifications.
Of course we also cover some of the week’s top entertainment headlines including why Disney is putting the Fox film library back in its vault, Bob Dylan sells the publishing rights to all of his songs and an all-Spanish album tops the Billboard charts for the first time in its 64 year history.
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Showbiz Sandbox 516: What Went Wrong With Quibi
October 27, 2020
Quibi, the bite-sized content platform founded by media mogul Jeffrey Katzenberg and business leader Meg Whitman, has been mocked since it was first announced. Now after six months and $2 billion, Quibi is kaput. Unable to find an audience, and despite a fruitless attempt to find a buyer, Quibi is officially shutting down.
The company insists people were gunning for them from the start, but the simple truth is that Quibi always seemed like a solution in search of a problem. Besides, however good the content may have been, it was going to be very hard to convince people to plunk down $5 a month just to watch random videos while commuting.
Of course we also cover some of the week’s top entertainment headlines including Netflix misses its third quarter subscriber goal, television ratings for live sports events plummets and box office continues to soar in China and Japan.
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Showbiz Sandbox 515: Disney Restructures Its Magical Kingdom
October 20, 2020
One week after the Walt Disney Company announced that it would be premiering its latest Pixar film on Disney+ rather than in movie theaters, the media giant says it will reorganize its corporate structure to focus the company’s content creation on streaming. Is this a hasty pivot, long in the works, or just making official the obvious? The move left many industry watchers a bit confused.
Meanwhile, movie theaters in most of New York state can reopen, except in New York City itself. Even so, studios still won’t be releasing a blockbuster soon enough to help struggling cinema operators like AMC, who claims they will run out of money before the end of the year.
Of course we also cover some of the week’s top entertainment headlines including why Kevin Hart is taking over for Jerry Lewis on the muscular dystrophy telethon, K-Pop boy band BTS might be enlisting in the South Korean military (literally) and this year’s slimmed-down Tony nominations.
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Showbiz Sandbox 506: Apple Gets Into An Epic Battle Royale
August 18, 2020
Online gaming allows participants to take part in massive multiplayer battles, but no one ever gets hurt. Well, in real life, Epic Games, the company behind Fortnite is taking on both Apple and Google with an antitrust lawsuit and one of these companies is definitely going to get hurt where it counts most…the bottom line.
Meanwhile, as movie theaters around the world start to re-open after being shut down for months due to the coronavirus pandemic, the box office is sputtering back to life. Even Comscore has started publishing a weekend box office report again. Still, the industry has lost billions of dollars and is far from returning to normal grosses.
Of course we also cover some of the week’s top entertainment headlines including why thousands of actors may lose their health insurance, women are ruling the Billboard music charts and how Warner Music Group is getting a bit more social.
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Showbiz Sandbox 505: The Marvel and Mao Effect: A Hollywood Exec Heads to China, Hijinks Ensue
August 11, 2020
In his 17 years as the President of DMG Entertainment Motion Picture Group, Chris Fenton helped bring 20 Hollywood movies to China, facilitating co-productions, financing and distribution on blockbusters such as “Iron Man 3” and “Looper.” In his new book, “Feeding the Dragon,” the former William Morris agent details his time working in the entertainment industry and China. Fenton helps us read the tea leaves about the future for the relationship between the major studios and China.
Meanwhile, the entertainment industry is undergoing some seismic shifts. In a single week the Paramount Consent Decree was killed for good, television packaging is heading into the sunset and theatrical release windows for studio films just collapsed.
Of course we also cover some of the week’s top entertainment headlines including an executive shakeup at NBC, Taylor Swift sets a new chart topping record with her new album and the Eurovision song contest is coming to the United States.
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Showbiz Sandbox 494: Broadway Productions Remain In The Dark About Reopening
May 19, 2020
Broadway theaters and their equivalent in the West End and local communities around the world face a much huge hurdle in reopening after being closed for months due to the COVID-19 pandemic. Productions now face challenges such as paying rent for theaters which aren’t holding performances, houses that don’t accommodate social distancing, an aging audience, a lack of tourists, canceled shows and more.
The list of delayed productions is too long to cover, but even shows on hold, shows that were touring or playing on Broadway are calling it quits. Last week, the Donna Summer touring musical shut down for good along with Disney’s “Frozen.” The musical was suffering from falling grosses, but even so, the move sent shivers through the Broadway community.
Of course we also cover some of the week’s top entertainment headlines including why the Hollywood Bowl is going dark for the first time in 98 years, bull riding competitions get the green light and which North American network topped the rating last season.
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Showbiz Sandbox 493: Rebooting Film and TV Production Won’t Be Easy
May 12, 2020
When most of the global entertainment industry shut down in March due to the COVID-19 pandemic, it wasn’t just movie theaters, concert halls and amusement parks that were affected. The sudden lockdown forced film and television productions of all kinds to be suspended, no matter what stage they were in. What has yet to be determined is how to start filming new shows and movies while keeping cast and crew safe.
Questions remain over everything from how to shoot love scenes moving forward, whether cast and crew should sequester themselves during production to how often everyone on set should be tested to how meal breaks should be handled. There are concerns over every aspect of a production, including craft services.
Of course we also cover some of the week’s top entertainment headlines including an increase in cord-cutting among cable subscribers, why a major Hollywood talent agency is struggling to survive the industry’s lockdown and how the Fox network is making their upcoming television season coronavirus-proof.
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