Showbiz Sandbox 191: The Misunderstood Math Behind Movie Ticket Prices
May 13, 2013
The average cost of a movie ticket dropped to $7.94 in North America during the first quarter of 2013. That’s according to the National Association of Theatre Owners, the trade group that keeps track of such figures. Patrick Corcoran, the vice president and chief communication officer of NATO, explains how the average ticket price is calculated and the perennial complaint that such a low amount can’t possibly be correct.
Meanwhile, television networks have been working overtime putting together their schedules for next season. That also means they’ve been making public which shows didn’t make the cut, a.k.a. got canceled. Did your favorite show survive for another season, or did it go the way of series such as “Smash”, which was axed as had long been predicted.
Such bad news isn’t something the Rolling Stones have to worry about. According to the legendary rock group’s concert promoter reports that tickets to shows aren’t selling is completely untrue. In fact, tickets were priced at an exorbitant $600 on purpose to keep the secondary market at bay.
Of course we also cover the week’s top entertainment news including YouTube’s pay channels, Barbara Walter’s retirement and legislation that calls for a la carte cable offerings.
Podcast: Play in new window | Download
Showbiz Sandbox 184: How Authors Rig The Bestseller Lists
March 4, 2013
When Soren Kaplan’s “Leapfrogging” was published last summer it immediately appeared on the Wall Street Journal’s list of best-selling business books, a position that would be maintained for only a week. That was more than enough time for Kaplan to cement his status as a best-selling author which, in-turn, helps him land lucrative speaking and consulting gigs.
That is precisely why Kaplan hired a marketing firm to purchase copies of the book upon publication to assure it would appear on bestseller lists. During an interview with the Journal, Kaplan reveals how authors buying their way onto the bestseller list is a dirty little secret the publishing industry would prefer you not know about.
Dreamworks Animation is not being completely honest either. They took huge write-downs on their most recent release “Rise of the Guardians” and faulted the film’s weak performance as the reason for laying of 400 employees. However many question whether the company’s decision to move some of their production to China may have more to do with it.
Of course we also cover the week’s top entertainment headlines including the best yearly music sales since 1999, the end of Daily Variety and whether NBC is looking to part ways with Jay Leno (again).
Podcast: Play in new window | Download
Showbiz Sandbox 179: How To Gamble And Win On Broadway
January 28, 2013
This year alone there are at least 15 new shows being mounted on Broadway including adaptations of movies such as “Diner” and “Big Fish”. At one point or another all were in search of financial backing, however well known productions with big name stars often don’t pay dividends. We review which upcoming stagings smart, experienced Broadway investors should be banking on.
A very successful Sundance Film Festival came to an end last week as distributors left Park City having acquired a dozen or more independent films. We discuss the reason behind the frenzied sales activity and why some films came with steep seven-figure price tags.
Since we’re on the subject of paying out or investing money, it looks as if the cable bill for Los Angelenos will be going up again thanks to the L.A. Dodgers deal with Time Warner Cable for a new sports channel. Does one market really need six sports networks. More importantly, why are the customers in a single market forced to pay for them whether they want them or not.
Of course we also cover the week’s top entertainment news including Warner Bros. new CEO, JJ Abrams signs on to direct the new “Star Wars” and Fox begs viewers to use their DVRs.
Podcast: Play in new window | Download
Showbiz Sandbox 169: How TV Networks Learned To Stop Worrying And Love The DVR
October 29, 2012
Major networks used to bemoan the use of DVRs out of fear that audiences would use them to skip over commercials. However, with DVRs in almost half of all US homes, they have begun touting the big audience increases some of their shows get after factoring in time shifted viewing. Scott Collins, a television reporter with the Los Angeles Times, discusses modern-day TV ratings and how the industry is coping as viewing habits change.
And if you thought television networks were in trouble, they’ve got nothing on the film industry. If you were to believe folks like film critic David Denby and a recent New York Times article, movies may not even be relevant anymore.
Talent agencies aren’t immune from all the changes affecting the industry. Last week the longtime head of ICM Partners, one of the world’s largest ten percenteries, announced he’d be leaving to start a new agency.
Of course, we also cover the week’s top entertainment news including how a child sex abuse scandal at the BBC, the merger of publishing giants Penguin and Random House, and an Amy Winehouse musical.
Podcast: Play in new window | Download
Showbiz Sandbox 165: Neil Young Sings The Praises Of His New Digital Music Format
October 1, 2012
Singer-songwriter Neil Young has never been a fan of digital music. The rock legend despises the inferior audio quality of MP3s and CDs so much that he released an anthology of his of his music on Blu-Ray; the only medium that could hold digital files large enough to offer the quality Young demanded. Taking his quest for high fidelity one step further, next year Young will launch Pono, a portable music player and audio platform that uses technology to provide studio quality sound.
Time will tell whether high quality digital audio and Young’s notoriety will be enough to attract consumers to Pono, though the Beatles aren’t waiting around to find out. EMI is releasing the bands entire catalog of albums on vinyl LPs. Remember those? Now all we need is a phonograph to play them on.
Meanwhile the movie awards season has begun to heat up leaving pundits speculating whether Disney might have not one, but three, entries in this year’s Best Animated Feature category at the Oscars; “Brave”, “Frankenweenie” and “Wreck It Ralph”. How ironic that Seth MacFarlane, creator of the hit animated television series “The Family Guy”, has been tapped to host this year’s Academy Awards ceremony.
Podcast: Play in new window | Download
Showbiz Sandbox 134: Video-On-Demand Rides To The Rescue At Sundance
January 30, 2012
This year’s Sundance Film Festival came to a close last weekend awarding top prizes to a wide range of movies. Independent film industry veteran Michael Tuckman sizes up this year’s festival and highlights some of its most noteworthy movies. Tuckman explains how video-on-demand has become a big part of the distribution strategy for such films, providing them with a wider audience than traditional art houses.
IFPI also showed up with some good news last week reporting that global digital music sales were up eight percent in 2011. Subscription services such as Pandora and Spotify are helping increase revenue, though they are also eating into the advertising dollars usually reserved for local radio stations.
Meanwhile, Broadway is gearing up for its spring season with a glut of hot new productions, making it difficult to pick a front-runner for Best Musical (the most valuable – if not the only valuable – Tony Award). Best Play is also up for grabs and none of the newcomers are slam dunks.
We also cover the week’s top entertainment news stories including, Simon Cowell retooling the “X-Factor” with new hosts and judges, an upbeat earnings report from Netflix and how Ticketmaster bungled the sale of tickets to Bruce Springsteen’s latest tour… again.
Podcast: Play in new window | Download
Showbiz Sandbox 122: The Real Story Behind Steve Jobs And Pixar
October 10, 2011
Millions mourned the loss of Apple co-founder Steve Jobs this past week when the innovator behind the Macintosh computer, the iPod and others died at the age of 56. Though the endless eulogies of Jobs always mention Jobs Pixar tenure, they rarely provided any real detail. Truth is Jobs lost money with Pixar for ten years trying to turn the company into a successful computer hardware business. We’ll dive into the story of how Jobs came to own Pixar and how the company stumbled upon success in computer animation.
Of course, there has never been a Pixar film that didn’t make money. However, we often blithely dismiss one movie as being a box office loser and another as a hit even though they might seem similar in budgets and box office. When we consider a film a hit or a flop, we’re making numerous assumptions on various factors. It’s always a judgment call, but to try and explain what sort of judgments we’re making, we’ve decided to look at several different movies and explain why we consider them a hit or miss.
It’s not as hard to tell when a new television series is a flop, especially after the network cancels it. A number of new shows (“Playboy Club”) got axed this past week, while others (“New Girl”) were picked up for an entire season. One series which nearly didn’t make the cut was “The Simpsons”. After its 23rd season the animated show was nearly canceled over a contract dispute with the cast providing voices for its lovable characters.
Podcast: Play in new window | Download
Showbiz Sandbox 119: Thompson On Toronto and Telluride
September 19, 2011
The Toronto International Film Festival has become a mandatory stop for studios opening awards contenders in the fall. The last four best picture winners at the Academy Awards, including The King’s Speech, all played in Toronto. Along with the smaller, cozier Telluride Film Festival, Toronto is where some films first start picking up awards buzz. Anne Thompson, editor of IndieWire’s Thompson on Hollywood, just returned from both festivals and provides a few details to those of us who weren’t lucky enough to go.
The Emmy Awards were held on Sunday evening and once again “Mad Men” and “Modern Family” won top honors. Though many of the award winners were predictable, there were still a few surprises, such as Melissa McCarthy from the sitcom “Mike & Molly” walking off with lead actress in a comedy. The Emmy telecast itself however was a bit of a “train wreck”.
Netflix continued to top headlines this past week after their stock price plunged 19 percent upon lowering their subscriber projections. Apparently their higher prices have scared off potential customers and caused a few to abandon the video rental service. Now Netflix has announced they will split their business in two, renaming the DVD-by-mail service Qwikster.
Podcast: Play in new window | Download
Showbiz Sandbox 111: Can Paste Magazine Ignite A Digital Publishing Revolution?
July 11, 2011
Less than a year after ceasing publication of their print edition Paste Magazine has revived itself in a new digital format. The popular music and culture magazine shunned the traditional print medium and relaunched as a weekly web periodical chock full of long-form features, downloadable music and multimedia content. Editor Josh Jackson reveals how the new Paste mPlayer was designed from the ground up as a next-generation publication. Is Paste giving us a glimpse into the future of magazines?
Soap operas are in the midst of their own transformation. Rather than canceling “All My Children” and “One Life To Live” as planned, ABC has struck a deal to keep the shows alive on the Internet. Will loyal viewers migrate online to keep up with their favorite soaps?
The music industry has also received some good news lately. Not only will the hotly anticipated arrival of Spotify in the United States soon be a reality, but Nielsen Soundscan is reporting that music sales are up slightly this year. Does all of this mean the music business is poised to make a comeback?
Podcast: Play in new window | Download
