Showbiz Sandbox 422: Hollywood Ponders Second Chances In #MeToo Era
September 4, 2018
Nearly a year after Hollywood was rocked by a wave of sexual misconduct allegations some of those who have been accused of, and in some cases admitted to, transgressions are looking to make a comeback. This is forcing the industry to figure out if and when certain entertainers and executives deserve a second chance. There are no rules about how to handle #MeToo redemption.
Take the case of comedian Louis C.K. whose career imploded after admitting to years of sexual misconduct last November. When he turned up for an unannounced 15-minute set at the Comedy Cellar in New York last week, the response to his first public appearance was a standing ovation from those in attendance, but protest from others who think it’s too soon for C.K. to be making a return.
Meanwhile, after one of the worst summer box office seasons in over a decade in 2017, this summer’s receipts saw an uptick in North America of 14%. China too has seen its box office increase 16% since the beginning of the year. Unfortunately for Hollywood imports actually dropped by 18%.
Of course we also cover the week’s top entertainment news including how Johnny Depp’s lawsuit against his former lawyer could end the practice of oral contracts throughout the industry, Lana Del Rey pulls out of a concert in Israel and the emergence of 8K televisions.
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Showbiz Sandbox 421: How “Grand Theft Auto” Got Its Groove On
August 27, 2018
The popular video game franchise “Grand Theft Auto” has already made over $6 billion for its publisher Rockstar. Now as the game moves online its players have listened to 75 billion minutes of music. Players can stream 18 online radio stations as they make their way through the game and even buy a nightclub to book performances by major DJ’s like Black Madonna. It’s the latest digital revenue stream for record labels and artists as sales of physical media taper off.
Meanwhile, just as the Justice Department was set to investigate whether the Paramount Decrees are still necessary, a small movie theater operator in Texas is suing the world’s largest cinema chain, AMC, claiming they colluded with studios to prevent them from getting new releases. The case proves just how hard proving antitrust allegations can be.
In the United Kingdom a movement among actors to be treated more fairly during the audition process has turned into a campaign with its own hashtag; #YesorNo. Actors simply want to know whether they have gotten a role or not after an audition. Some say being ignored entirely is worse than being rejected.
Of course we also cover the week’s top entertainment news including the final season of “The Big Bang Theory,” the Eagles break a sales record in a dubious fashion and Cuba Gooding, Jr. is headed to Broadway by way of “Chicago.”
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Showbiz Sandbox 420: A Closer Look at the Current State of the Publishing Industry
August 20, 2018
When we talk about the publishing industry, we are usually looking at the trade market. Those are the books sold in bookstores, like the latest Stephen King title. But the publishing industry is made up of more than just trade. For instance, there’s also the education market like college and high school textbooks. While trade publishing has modestly righted itself revenue-wise over the past few years, all these other segments are down in sales, sometimes considerably.
Meanwhile an entire week has gone by without MoviePass changing the terms and conditions of its cinema-going subscription plans. Even so, the company’s investors are not happy and are suing the owners for tanking the stock.
We’ll also take a closer look at the music industry paper published by Citigroup last week. A lot of industry players have very convincing reasons why the way the report calculates its revenue and statistics is all wrong.
Of course we also cover the week’s top entertainment news including how Conan O’Brien is trimming his nightly talk show to a half-hour, Sony Music will distribute the earnings from its Spotify investment to artists and the streaming television series that has hundreds of millions of viewers in China.
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Showbiz Sandbox 418: Fighting For Control of His Company, CBS Head Les Moonves Is Now Fighting to Keep His Job
July 30, 2018
The challenge for CBS of fending off an unwanted merger with its parent company, Viacom, was made all the more difficult last week when the New Yorker published a story in which the broadcaster’s longtime CEO, Les Moonves, was accused of sexual misconduct by six women. The company now has to determine how to handle the allegations not only of Moonves, an influential executive who is credited with CBS’s success, but also the claim that a culture of sexual harassment exists throughout the organization.
Speaking of companies that are having chaotic weeks, MoviePass seems to be on the brink of collapse (i.e. bankruptcy). Apparently they ran out of money, borrowed $5 million to keep the lights on, changed their rules again and decided pretty much no one gets to see “Mission Impossible”.
The turmoil for some entertainment and tech companies extends beyond their own walls all the way to Wall Street where stock prices have become volatile and seem to defy any sense of logic. Shares of companies with solid profits have plumeted, while at the same time the prices for those losing money, like Spotify, have risen.
Of course we also cover the week’s top entertainment news including producer Kenya Barris’ nine-figure deal with Netflix, Jeffrey Katzenberg raises $1 billion for a new entertainment venture and “Hamilton” may soon be headed into movie theaters, but not how you might expect.
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Showbiz Sandbox 415: Along With Box Office, Movie Star Salaries Are On The Rise In China
July 9, 2018
We’ve been told for years now that the theatrical box office in China will ultimately surpass that of North America, probably by 2017… or 2018, or definitely by 2020. But higher grosses have pushed the salaries for the country’s most sought after movie stars to astronomical proportions, something frowned upon in China. In fact, the Chinese government has now stepped in with a new set of regulations capping the salaries paid to talent on movies and television shows and have begun to scrutinize contracts more closely.
On the other hand, The Grammys have decided bigger is better. The Grammys are following the lead of most major awards and expanding its top categories. Instead of announcing the Best Five Album Of The Year nominees, they’ll be announcing eight. The same goes for Best Record and Best Song and Best New Artist. All other categories remain the same.
Meanwhile the group that votes on each year’s most coveted movie awards just got a little bigger. The Academy of Motion Pictures Arts & Sciences invited a record 928 people to their club with half the invites going to women and 38% to people of color.
Of course we also cover the week’s top entertainment news including how Spotify hopes to earn revenue by selling movie tickets, credible rumors about new “Star Trek” series and MoviePass officially adopts surge pricing.
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Showbiz Sandbox 414: The MoviePass Effect Is Real and Here To Stay
June 25, 2018
The film industry can say what it wants about MoviePass, and it’s said plenty, but the subscription moviegoing service has made a huge impact on the market since lowering its price to just under $10 per month. Though skeptics abound on whether the company is financially sustainable, the subscription model it has popularized is quickly becoming a standard offering. Just last week AMC Theatres, the world’s largest cinema chain, announced its own subscription plan to compete directly with MoviePass.
Meanwhile, China is realizing that its growing movie and television industry is becoming overcrowded. With tens of thousands of film and TV companies having sprung up over the past decade and hundreds of films going unreleased each year, there is a fear that the country could be experiencing a media bubble that is about to burst.
Back in the United States, celebrities are suddenly are shocked to discover that the Fox News channel is peddling in propaganda and is not so concerned with actual news. While this may have been the case since the networks inception, creatives are now threatening to walk away from business with Fox Studios. Quick, somebody tell them that Fox Studios is about to have a new owner.
Of course we also cover the week’s top entertainment news including the above average TV ratings for World Cup matches, “Roseanne” officially gets a spinoff series and a Michael Jackson musical may soon be coming to Broadway.
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Showbiz Sandbox 412: Canceling “Roseanne” Was A No Brainer for ABC
June 4, 2018
Never before has a major broadcast network canceled a number one rated television show, let alone done so within hours of a brewing controversy sparked by one of its stars. Yet that’s exactly what happened last week when a racist tweet from Roseanne Barr caused ABC to ax the popular reboot of her eponymous hit sitcom. What’s remarkable is not only the unprecedented nature of the move, but more so the speed at which the decision was made and carried out.
Meanwhile the Tony Awards are being held next week to honor the best new Broadway productions, however there is little suspense over who will win since it’s already seen as a foregone conclusion. That’s why we look ahead to next year’s theater season and tell you which shows we’d back as investors.
And MoviePass is once again in the news, though this time it’s not for their subscription movie ticket service but rather a film they are co-distributing in North America. Turns out they may have an indie-hit on their hands.
Of course we also cover the week’s top entertainment news including why YouTube stars are so stressed out, how much Taylor Swift is raking in with her latest tour and Neil Portnow will step down as the head of the Recording Academy.
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Showbiz Sandbox 409: The Cannes Film Festival Has Its #MeToo Moment
May 14, 2018
Only three films by female directors are competing for the top prize at the 71st edition of the Cannes Film Festival, but that hasn’t stopped women from raising their voices. In fact, a red carpet protest was held by 82 female filmmakers and actresses, representing the number of films made by women that have appeared in the festival over its seven decade span. That said, the nine-member Cannes jury this year has five women on it and is headed up by actress Cate Blanchett.
As always, we’re in Cannes for the festival and will fill you in on all the noteworthy films and events. Though media reports may be saying the event has lost its luster, and indeed it has been very low-key this year, one should never underestimate Cannes for being able to find the next great auteur.
Meanwhile in China, western theme parks are flourishing while the 2,700 homegrown parks are collapsing, almost literally. Will the future of theme parks in the Middle Kingdom predict how Hollywood movies will ultimately fare?
Of course we also cover the week’s top entertainment news including why the Nobel Prize in Literature will not be handed out this year, questions over the legitimacy of a Chinese box office hit and why Spotify is distancing itself from R. Kelly.
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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 407: Beyoncé Delivers A Higher Education To Coachella
April 17, 2018
Though Beyoncé was unable to headline Coachella last year due to being pregnant with twins, she more than made up for it this year with a performance that music critics are rightly hailing as the best live music event in decades. In a two hour set that included more than 100 performers from dancers to musicians, even a full marching band, Beyoncé put on a spectacular show that managed to be technically brilliant as well as socially relevant to the times. We were there and provide first hand reporting from this year’s Coachella.
Another festival making news is Cannes, which announced the films in this year’s competition, leaving out many of the event’s favorite auteurs. The festival also parted ways with Netflix, not inviting films produced by the streaming giant since they won’t be released in movie theaters.
Speaking of Netflix, a shareholder has sued the company for what they allege to a scheme which assured senior management and board members performance bonuses. The complaint accuses Netflix of using the performance bonuses to avoid paying taxes, rather than for any actual performance gains.
Of course we also cover the week’s top entertainment news including the kurfuffle over Apu, an Indian character on “The Simpsons,” Kendrick Lamar wins a Pulitzer Prize for his latest album and Fleetwood Mac parts ways with its longstanding guitarist Lindsey Buckingham.
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