Showbiz Sandbox 426: China Gets A Tighter Grip On Its Entertainment Industry
October 8, 2018
When movie star Fan Bingbing went missing in June there was little doubt that the Chinese government had her in custody for tax evasion. Confirmation came this week when the actress resurfaced, apologizing to the country and begging for “everyone’s forgiveness!”. Chinese authorities have announced Fan will pay at least $70 million in back taxes or face criminal prosecution.
The episode has shined a spotlight on the use of what are known in China as “yin-yang contracts,” wherein two different contracts for different amounts are used; one with the full value of the contract and one with a lower value used with tax agencies. Now that the government seems to have taken notice, the Chinese film and television industry has come to a standstill as everyone restructures their deals to comply with the country’s tax laws.
Speaking of China, Hollywood’s share of the country’s box office for the year is off by roughly $500 million and we wonder why. Back in North America, September grosses nearly set an all time record and October is off to a great start.
Of course we also cover the week’s top entertainment headlines including how Apple is stumbling its way into original TV programming, the RIAA diversifies and Bill Cosby heads to jail.
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Showbiz Sandbox 419: Best Popular Film Oscars Category Proves To Be Rather Unpopular
August 13, 2018
It may come as a surprise after the #MeToo movement but it isn’t often Hollywood unites to agree on an issue. Last week when the Academy of Motion Picture Arts and Sciences revealed they would be adding a Best Popular film category to the Oscars the response was universal and swift; everyone hates the idea. In a train wreck of an announcement about proposed changes to the awards show, the Academy appeared to cede control to the network broadcasting the ceremony.
Speaking of changes, the moviegoing subscription service MoviePass doesn’t let a week go by without instituting a new set of rules for its customers. First they were going to raise prices and limit attendance to new releases. Before they could roll those changes out, MoviePass altered its policy once again, keeping the price at $10 per month, but limiting the number of movies that can be seen to just three.
Meanwhile, music fans appear to be spending more money on music than ever before. At least according to a new report from Citigroup which says the industry is now pulling in a combined $43 billion in the United States, of which $5 billion goes to artists. Naturally, arguments over the accuracy and validity of the report are sure to follow.
Of course we also cover the week’s top entertainment news including more on Jeffrey Katzenberg’s New TV venture, the dispute over star salaries on the latest “Star Trek” and Lady Gaga heads to Las Vegas. Read more
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Showbiz Sandbox 408: CinemaCon Shrugs Off Unwanted Disruptions
April 30, 2018
Movie theater owners from around the world descended upon Las Vegas for CinemaCon last week. Studios wooed exhibitors with clips from upcoming film releases while industry manufacturers lured attendees with the latest technology, including high-resolution LED screens as a method of showing movies to the masses. Much like the subscription service MoviePass, the screens left cinema operators wondering if they were just one more “innovation” nobody had asked for.
Meanwhile “Avengers: Infinity War” broke box office records both in North America and globally when it opened over the weekend. The latest Marvel superhero movie earned over $640 million in just three days, putting it on track to pass the billion dollar mark.
Speaking of “war,” one is brewing between the Writers Guild of America and talent agencies. The WGA wants to cancel their current agency agreements and rewrite them to prevent franchised agents from profiting off of packaging deals with television networks. Such arrangements currently allow agents to double dip and at times earn more than their clients for a project.
Of course we also cover the week’s top entertainment news including Steven Spielberg signing on to direct the movie adaptation of DC Comic’s “Blackhawk,” the next “Star Trek” film lands a female director and Bill Cosby is found guilty of sexual assault.
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Showbiz Sandbox 396: Has the #MeToo Movement Pushed Actress Salaries Higher?
January 22, 2018
As Hollywood continues to grapple with how to handle decades of sexual misconduct one immediate benefit for women throughout the industry may come in the form of higher paychecks. Take actress Ellen Pompeo, for instance. The star of “Grey’s Anatomy” for the past 13 years dished the dirt on her contract with ABC and after years of trying to be paid as much as the male leads of the show, she now makes $20 million per season.
Naturally not everyone working in television who is looking to be paid what they are worth, or even what they are owed contractually, is a woman. Frank Darabont, who created the hit series “The Walking Dead” has been suing AMC for years over profit participation in the show he was fired from. Now Darabont is returning to court armed with even more evidence the network tried to hoodwink him.
Meanwhile the awards season plows on with some claiming there are no front runners in the Oscars race. That seems strange when “The Shape of Water” (The Producers Guild) and “Three Billboards Outside Ebbing, Missouri” (SAG Awards) keep winding up at the top of most lists.
Of course we also cover the week’s top entertainment news including why the Huffington Post is saying goodbye to its bloggers, YouTube sets new guidelines for its partner program and MoviePass gets into the film distribution game.
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Showbiz Sandbox 393: Disney Acquisition of Fox Underscores Hollywood’s Digital Transition
December 18, 2017
In one of the largest deals Hollywood has ever seen, the Walt Disney Company announced it had agreed to buy most of 21st Century Fox in a transaction valued at $66.1 billion. Disney will scoop up Fox assets that include 20th Century Fox film and TV studios, 300 cable channels, 22 regional sports networks, control over the Hulu streaming service and a stake in Sky. Fox will keep its news, sports and broadcast networks, as well as its publishing empire.
The move underscores how movie studios have become an intellectual property business where scale matters. Rupert Murdoch feared Fox never scaled properly to compete in the age of digital on-demand consumption of content and that his company was at the peak of its value. Selling a portion of his empire also avoids a family power struggle over who would take control of the company once he steps down.
Meanwhile, the first award nominations from a guild have arrived courtesy of the Screen Actors Guild. And the Library of Congress added 25 new works to the National Film Registry, including fiction and documentaries, features and shorts. We’ll discuss what significant works they’ve enshrined.
Of course we also cover the week’s top entertainment news including the FCC officially ditches net neutrality regulation, the Rock and Roll Hall of Fame announces this year’s entries and why Norway is switching off FM radio.
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Showbiz Sandbox 389: The Ever-Growing List of Hollywood’s Sexual Harassment Accusations
November 20, 2017
Six weeks after allegations of sexual abuse and harassment against media mogul Harvey Weinstein were first reported by the New York Times, there seems no end to the number of Hollywood players being accused of misconduct. Kevin Spacey and Louis C.K. may be the biggest stars to have their careers upended thus far, but they won’t be the last as everyone from actor Jeffrey Tambor to talent agents to politicians and even journalists are having similar claims made against them.
The unanswered question is how the entertainment industry will implement changes to ensure sexual harassment will come to an end. Instead, there is concern of a backlash should the public grow tired of hearing about the latest offense to come out of Hollywood’s ranks.
Meanwhile, suing someone these days as become the industry’s second favorite past-time, right after wondering whose vile behavior will finally come back to haunt them. The hit TV show “Supernatural” is apparently losing money after years on the air, while director George Miller says “Mad Max: Fury Road” did not go over budget and he’s suing Warner Bros. to prove it.
Of course we also cover the week’s top entertainment news including some new FCC media ownership rules, Sony nabs Quentin Tarantino’s next movie and the NFL is still proving attractive to advertisers.
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Showbiz Sandbox 387: Has Star Wars Turned Disney Into The Evil Empire?
November 6, 2017
Last week it was released that Disney would be charging movie theaters a record high percentage of box office and a minimum guaranteed run in order to book “Star Wars: The Last Jedi.” At the same time, the studio has blacklisted the Los Angeles Times from reviewing and covering its films. We’ll explain why.
In television news, the Nielsen ratings company is giving us a peek into viewership for the Netflix series “Stranger Things.” And the BBC is opening up its digital platform to different sports leagues so more games can be seen for free by more people.
We also continue to provide updates on the sexual harassment allegations that have plagued the entertainment and media industries over the past month. The rap sheet of people fired or quitting over revelations they’ve been sexually harassing and assaulting people for years grows longer and longer…starting with Kevin Spacey, who has seen his life collapse in just one week.
Of course we also cover the week’s top entertainment news including discussion of a “Lord of the Rings” television series, how YouTube has become a leading music curation platform and the Country Music Awards try and squelch the debate over gun control.
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Showbiz Sandbox 375: The Seedy Side of Show Business is Revealed in “Walking Dead” Lawsuit
July 30, 2017
Six years after AMC fired Frank Darabont from “The Walking Dead,” the hit TV series he created and oversaw, details about why he was axed are emerging during a lawsuit filed by the filmmaker over profit participation. Citing unprofessional and erratic behavior AMC provided profanity filled emails Darabont sent to producers and executives during his tenure as showrunner. This has lead to many in Hollywood asking whether Darabont’s behavior was out of line or if he was simply trying to defend his show?
The lawsuit itself hinges on Darabont’s deal and whether the revenue AMC earns from “The Walking Dead” is significantly lower because the network is making deals with itself at a significantly reduced cost per episode. This is not the first self-dealing lawsuit to be filed by a creative in Hollywood, but given the $280 million being sought, its outcome could affect how the business operates in the future.
Meanwhile, under pressure from the Chinese government, the Dalian Wanda Group says it will no longer seek to acquire international entertainment properties, causing AMC Theatres, one of its own subsidiaries, to publicly distance itself, and leaving Hollywood wondering if funding from China might be drying up.
Of course, we also cover the week’s top entertainment news including how Amazon will start to distribute its own movies theatrically, Hulu gets nostalgic and Daniel Craig is set to return as James Bond in the next 007 movie.
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Showbiz Sandbox 333: Predicting The Biggest Box Office Flops of 2016
August 31, 2016
Much has been made about the decline in box office this summer, with franchise sequels underperforming and certain pricey movies failing to attract an audience. Kevin Lincoln, a senior editor at New York Magazine and Vulture, takes a look at this summer’s biggest flops and predicts which mega-budget releases might suffer a similar fate as we round out the year.
In China it might be more difficult to know which movies are box office disappointments or crowd favorites since online and mobile ticketing companies have been offering hefty subsidies to cinemagoers in their heated battle for market share. This means the gross of any release is almost always higher than what moviegoers actually paid to see it.
We’ll also dip back into audience figures from the recently completed Summer Olympics in Rio. This time however we have some data about viewership in Europe, Canada and elsewhere. To nobody’s surprise, more people streamed coverage online than ever before.
Of course we also cover the week’s top entertainment news including how Netflix international subscribers will soon outnumber those in the United States, a changing of the guard at Twentieth Century Fox gets expedited and the late Prince’s home and music studio is set to become a museum.
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Showbiz Sandbox 332: How Cable Companies Will Profit From Cord-Cutting After All
August 22, 2016
We keep hearing that cord-cutting is going to destroy the U.S. cable industry. But SNL Kagan analyst Ian Olgeirson says the economic outlook for the business over the next decade is actually quite solid. Olgeirson joins us to explain how cable companies are turning cord-cutters into more profitable cord-swappers and what that means for their long-term health.
Meanwhile, for the 2016 Summer Olympics in Rio you didn’t need to have a cable subscription since so much of the action was streamed live online. In fact, while television viewership may not have reached the levels some networks around the world had hoped, a record number of hours were streamed over the Internet from this year’s games.
We also launch a new segment that tells you the one new book worth reading out of the thousands that are published each week, as listed on BookFilter, a book lover’s best friend.
Of course we also cover the week’s top entertainment news including the dispute over Tom Cruise’s salary for “Mission: Impossible 6”, the power struggle at Viacom nears a resolution and Barbara Streisand tells Apple’s Siri how to pronounce her name properly.
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