Showbiz Sandbox 575: Should Movie Theaters Charge More For Blockbusters?
March 8, 2022
The opening weekend of “The Batman” was the anticipated blockbuster everyone was expecting, though an ongoing pandemic and a political crisis in Europe softened its global take. AMC Theatres on the other hand saw an opportunity to raise ticket prices, but only for the latest entrant to the Batman franchise. Is this a strategy that was a long time coming or one that will keep casual moviegoers at home.
Meanwhile, the cultural boycott of Russia over its invasion of Ukraine has escalated over the past week with film festivals banning Russian delegations, movie studios pausing new releases and Netflix halting its streaming service in the country.
Of course we also cover the week’s top entertainment headlines including video game publisher Epic gets into the music business, Amazon closes its physical bookstores and the big winners at this year’s Spirit Awards.
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Showbiz Sandbox 573: Paramount Takes A Global Approach to Streaming
February 21, 2022
During its most recent earnings call ViacomCBS outlined how they plan on reorganizing the media giant to compete with streaming leaders such as Netflix. First they are bringing content from all of their current services into Paramount+ and retaining the rights to popular programming such as “South Park.” They announced a glut of new projects including a new “Star Trek” movie and to hammer the point home changed the company name to Paramount Global. Wall Street immediately responded by selling off shares.
Meanwhile, the Academy Awards announced their COVID health and safety guidelines for this year’s Oscars ceremony. Masks and proof of vaccine will be required, depending on who you are, where you’re sitting and whether you’re appearing on the telecast. Everyone seems to agree, the rules are confusing and don’t seem to make much sense.
Of course we also cover the week’s top entertainment headlines including how actor Tom Holland is ruling the box office in two different movies, more leadership shakeups at CNN and Netflix strikes a deal with comedian Dave Chappelle.
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Showbiz Sandbox 571: Want Ratings? Get Joe Rogan To Host The Oscars!
February 9, 2022
The Academy of Motion Picture Arts and Sciences brought an end to the endless speculation of countless awards pundits by announcing this year’s Oscars nominations. Now we’ll all have to deal with the griping about who was snubbed along with seven weeks of incessant reports about which Best Picture nominee is gaining momentum with Oscar voters.
Perhaps we should thank the Oscars for stealing the headlines from comedian Joe Rogan whose podcast has caused no end of controversy and grief for Spotify, its exclusive distributor. The only good news out of the Rogan mess is that it’s finally brought the band Crosby, Stills, Nash & Young back together, at least in regards to their desire to remove their music from the streaming service.
Of course we also cover the week’s top entertainment headlines including how a Disney soundtrack is dominating the music charts, viewership of the Winter Olympics plummets and the head of CNN is suddenly ousted.
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Showbiz Sandbox 570: The Realistic Future of a Mature Netflix
January 26, 2022
When Netflix was just shy of meeting its estimated new subscriber growth during the last financial quarter it faced immediate repercussions as its stock price plummeted over 20% in a single day. We explain why Netflix is not suddenly a failing company, it’s just one in a mature market of its own making. Even so, Netflix’s sudden deflation has given Hollywood’s media giants cause for concern, since most of them followed the company’s lead by launching their own streaming services.
Meanwhile the Sundance Film Festival, which usually takes place in Utah each January was forced by COVID forced to go virtual for the second year in a row. However, even remotely, the festival remains one of the premiere launching pads for independent film and, at the halfway point, we’ll tell you what titles are generating all the buzz.
Of course we also cover the week’s top entertainment headlines including Microsoft’s big video game acquisition, YouTube stops paying for original content and Adele postpones her Las Vegas residency.
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Showbiz Sandbox 566: Spider-Man Saves The Annual Box Office From Omicron
December 22, 2021
The opening of “Spider-Man: No Way Home” toppled box office records around the world on its way to a $600 million debut. And this is without China and Japan where the film has yet to bow. This is just what the industry needed to help pump up 2021 grosses. Especially as surges of a new COVID variant begin to shut down cinemas and live theater venues in various regions.
The Los Angeles Film Critics Association named their best movie of the year and we predict it will have no impact on the Oscars race.
Of course we also cover the week’s top entertainment headlines including the sale of Bruce Springsteen’s back catalog, the latest entries to the National Film Registry and Disney settles a carriage dispute with YouTube.
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Showbiz Sandbox 564: Film Critics Start Selecting the Best Movies of 2021
December 7, 2021
It’s that time of year when Film Critics Start Selecting the Best Movies of 2021 for newspapers, magazines and websites begin naming their favorite movie releases. The National Board of Review named its favorite film of the 2021, then proceeded to name 32 more in various categories. The New York Film Critics were tougher however, naming five top films in categories like nonfiction, debut film, animated feature and foreign language. We discuss where any awards season favorites are beginning to stand out.
Thankfully, movie theatres around the world are mostly open, allowing audiences to catch up with some of the critics top picks. However, a new COVID variant named after what would appear to be a character out of a Transformers movie, is temporarily shuttering cinemas in various parts of the world such as China and Russia.
Of course we also cover the week’s top entertainment headlines including why CNN fired the host of its highest rated news program, the Grammys clarify who can be nominated as a songwriter and the reason Middle Eastern countries won’t show Steven Spielberg’s take on “West Side Story.”
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Showbiz Sandbox 563: The Grammy Nominations Are Bigger and More Baffling Than Ever
November 30, 2021
When this year’s Grammy nominations were announced last week the Recording Academy made a last minute decision to expand some of its biggest categories from eight to 10 nominees. This allowed popular artists like Taylor Swift, Kanye West and Lil Nas X to be included in this year’s list. While this generates a small amount of grumbling, we discuss why it may not be such a bad move.
Meanwhile the Thanksgiving weekend helped the worldwide box office continue to recover from the ongoing pandemic. Still some industry watchers are dismayed that popular releases like Disney’s “Encanto” and the latest “Ghostbusters” aren’t opening to bigger numbers. Though, when you have studios claiming blockbusters such as the Queen biopic “Bohemian Rhapsody” are still in the red after earning nearly a billion dollars, would it really matter if they doubled their opening weekend gross?
Of course we also cover the week’s top entertainment headlines including how Adele got Spotify to stop shuffling around, The Weeknd breaks a long-standing record on the music charts and Netflix (sort of) becomes more transparent with viewership data.
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Showbiz Sandbox 562: The Death of Network Television Is Greatly Exaggerated
November 16, 2021
While the entertainment industry and Wall Street may be distracted by the growth of streaming services and their subscriber numbers, senior network television executives are reminding everyone that linear TV is far from dead. In fact, according to the latest viewing metrics, more audiences are tuning into network television programs on a consistent basis than actually watch streaming content.
Meanwhile, while the fall film festival season may be dominated by events in Toronto, Telluride and Venice, there are still a number of festivals taking place that are just as noteworthy, including the AFI Fest and Doc NYC. We’ll discuss some of this year’s official selections at both of these festivals.
Of course we also cover the week’s top entertainment headlines including why a high profile director walked away from the next Star Wars movie, Peter Jackson sells his special effects toolkit and Spotify starts a new chapter in streaming.
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Showbiz Sandbox 558: Hollywood Workers Scrutinize Gains In New Contract
October 19, 2021
At the eleventh hour the International Alliance of Theatrical Stage Employees (IATSE), the union representing film and television production workers, negotiated a new contract with studios and networks. What is still unclear is whether workers are grateful about averting a strike or upset they didn’t gain more. Besides gaining wage increases, the union was aiming to clamp down on workplace conditions that lead to long, exhausting hours.
Meanwhile, across the entertainment business, the black hole of data is getting bigger. We don’t really know what streaming shows are popular, we can’t add up all the ways people consume music, TV producers are struggling to prove they’re reaching a lot of eyeballs and Broadway has stopped reporting grosses. Is this just annoying for journalists or a real problem for the industry as a whole?
Of course we also cover the week’s top entertainment headlines including why the Grammys are booting Kacey Musgraves from the country music category, Elton John sets a new record on the music charts and Disney loses a key, veteran executive.
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Showbiz Sandbox 557: Talent Agents Strike A Deal… for Themselves
October 5, 2021
In yet another sign that the entertainment industry is consolidating, Creative Artists Agency, one of Hollywood’s most powerful talent agencies, announced it would acquire ICM Partners, the fourth largest player in the space. Is the move meant to help CAA gain leverage when negotiating with streaming giants like Netflix, or is it all about ensuring success on Wall Street for its biggest investor? And what will this mean for smaller agencies which may actually stand to benefit from the deal?
Meanwhile, this year’s Tony Awards honoring Broadway’s brightest were finally held with a live audience. However, some productions in both New York and London are stumbling as they turn on their marquees for the first time since the COVID pandemic began.
Of course we also cover the week’s top entertainment headlines including how James Bond and Venom are competing for box office glory, Scarlett Johansson settles her “Black Widow” lawsuit with Disney and the labor strike that could shut down Hollywood.
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