Showbiz Sandbox 436: A Wealth in Diversity at Sundance
February 5, 2019
This year’s Sundance Film Festival was more diverse than it usually is in every way one might imagine. Sure, there were the usual crop of independent films and documentaries, but the predominance of women and people of color and queer voices was more notable than ever. In fact, female filmmakers took home most of the festival’s top prizes.
Sundance also proved to be a feeding frenzy for independent distributors with Amazon swooping in to spend more money than any other studio has ever spent during a single year at the festival. Usually, if one selection sells for over $10 million it makes headlines. This year there were at least three films that fell into that category.
Meanwhile the Super Bowl weekend proved to be a bust both at the box office, which was reached a 20-year-low, as well as on television, where the broadcast of the big game fell to a 10-year-low.
Of course we also cover the week’s top entertainment headlines including Peter Jackson’s Beatles documentary, Hulu raises its prices and Spotify turns on a feature that allows users to turn off artists.
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Showbiz Sandbox 435: Netflix By The Numbers
January 21, 2019
Despite having cultivated a reputation for keeping its viewership statistics under tight wraps, Netflix has made a complete about face and is now boasting about how many subscribers are tuning in to its original content. The company says nearly 45 million accounts watched its hit movie “Bird Box” and nearly as many watched its latest series “Sex Education”. In the midst of all this success, Netflix has decided to raise it’s monthly subscription fee by $2 in certain territories, including North America.
Unlike the Netflix subscription price, a number not on the rise is the theatrical box office in Germany. After edging up slightly in 2017, grosses in the 8th biggest movie-going market in the world were down 16% last year. Hollywood titles grabbed 75% of the $965 million box office as attendance also dipped 15.5%.
Meanwhile, award season continues with no clear frontrunner emerging as this year’s Oscar nominations are about to be revealed. We take a glance at the makeup, costume and directors guilds awards, not to mention the BAFTAS and nods from one group that really matters; the Producers Guild.
Of course we also cover the week’s top entertainment headlines including why RCA Records is dropping R. Kelley from its label, the Emmys are dumping DVD screeners and sportscaster Bob Costas is leaving NBC.
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Showbiz Sandbox 432: Peak TV Just Got Peakier
December 17, 2018
When John Landgraf, head of the FX network, proclaimed we had reached a state of “peak TV” back in 2015, he predicted the 422 television shows being produced at the time would inevitably decline since there was no way for audiences to keep up. Last year however, that number rose to 495 series being produced. To put this increase in perspective, there were 182 shows on the air in 2002.
It’s safe to assume these numbers are bound to rise with new entrants into the video streaming market launching in 2019 including Disney and WarnerMedia. What’s more, the annual amount of money being spent on all this content is astonishing with the likes of Netflix and Amazon each spending $8 billion and $5 billion respectively. And that’s nothing compared to the $22 billion Disney is shelling out.
Meanwhile, the awards season is underway with all sorts of groups weighing in on their favourites, including the Los Angeles Film Critics Association, the Golden Globes and the first awards that matter: the Screen Actors Guild. Spoiler alert: “Roma” just hit a roadblock.
Of course we also cover the week’s top entertainment headlines including the Grammy nominations, new entrants to the National Film Registry and Mariah Carey’s latest chart-topping hit is a quarter century-old Christmas song.
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Showbiz Sandbox 431: India Is Set for A Battle Over Streaming Market Share
December 3, 2018
By 2023 the country of India is forecast to have 550 million people streaming content, earning $18 billion in video streaming alone. Of course, most of people will be watching on their mobile devices, but big players like Amazon, Disney, Netflix and Spotify don’t care, so long as they wind up with the largest piece of the Indian market. One major hurdle; India makes its own content and doesn’t need Hollywood.
That is why streaming companies have begun to produce their own India-centric shows, though that can be challenging in a country with more than 20 languages and wildly diverse cultures. Plus all the major providers have to compete with the likes of YouTube, which is by far India’s most popular streaming service thanks to its advantageous price point; free.
Meanwhile, the awards season is clearly upon us with the National Board of Review and the New York Film Critics weighing in on their favorites. Los Angeles Film Critics will be making their picks shortly and Golden Globe nominations will be announced this week.
Of course we also cover the week’s top entertainment headlines including a lucrative new deal at Warner Bros. for director and producer Ava DuVernay, actor Hugh Jackman is planning a worldwide concert tour and the collapse of independent bookstores.
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Showbiz Sandbox 430 – Taylor Swift Helps Fellow Artists With Her New Record Deal
November 26, 2018
When her current recording contract expired at Big Machine, Taylor Swift went looking for a new label. After a heated bidding war, Swift wound up at Universal Music landing a deal that allows her to retain control of her masters. Swift also demanded that if the label ever sold its share in Spotify that she get a cut. More importantly, she insisted on this for every single act in Universal’s roster.
This is especially notable because Swift is not a big player in music streaming, because she holds back her albums with a window to urge fans to purchase them instead. Unfortunately, the sales of physical albums, like vinyl LPs and CDs, is collapsing, causing many artists to get out of the habit of actually creating them. Instead, some big acts release a constant stream of singles, videos and live cuts since that’s how their fans listen to music these days.
Meanwhile the North American box office continues to chug along at 10% over last year’s tally, with a record breaking $12 billion in sight. That growth rate is keeping pace with the Chinese box office, which is up 11% this year, earning $8.1 billion thus far. Maybe the date for when China’s theatrical box office will surpass that of North America’s needs to be pushed back a year or two.
Of course we also cover the week’s top entertainment headlines including why pop stars may be headed to Broadway, how YouTube has begun showing blockbuster movies (with ads) and the winners of this year’s International Emmy Awards.
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Showbiz Sandbox 428: Why Everyone Is Raving About “Red Dead Redemption 2”
November 5, 2018
While there may still be some debate over whether video games are works of art, there is no doubting their earning potential. This was proven yet again when the game “Red Dead Redemption 2” earned a whopping $725 million in global retail sales after its first three days. And with glowing reviews haling it as a new gold standard for video games, and online components yet to be released, it’s poised to rake in much more.
Meanwhile, theatrical box office in North America is also looking profitable. In fact, 2018 may end with record setting grosses (if not attendance), and it’s all due to Hollywood releasing blockbuster movies outside the usual summer and holiday season.
In China, movie stars continue to fess up to how much money they have avoided paying taxes on. The latest is Chow Yun Fat who took his cue from the government and decided now was a good time to announce he’d be giving away his fortune, estimated at more than $700 million.
Of course we also cover the week’s top entertainment headlines including why Rihanna turned down the Super Bowl halftime show, Drake topples another Billboard chart record and why Broadway is skewing a little younger.
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Showbiz Sandbox 425: Ticketmaster Gets Caught Abusing Its Market Domination
September 24, 2018
When Live Nation and Ticketmaster merged eight years ago it was openly feared that the combined companies would run roughshod over the industry and consumers alike. While there has been speculation about some of the shenanigans Ticketmaster has been up to since then, we now have conclusive proof that the ticketing juggernaut is manipulating the market and working with resellers in the secondary market in order to collect additional fees. They’ve even developed a software tool for just such a purpose.
The United States Senate, meanwhile, passed the Music Modernization Act. It creates a blanket mechanical license which allows for songwriters and artists receive royalties for streaming. It also fixes the problem of receiving royalties for works created before 1972 and includes producers in the new scheme. We’ll take a look a the new bill and explain what it all means.
Speaking of music, a new report indicates that industry revenue in North America is up slightly during the first half of 2018, just as Spotify makes it even easier for independent artists to post their music directly to the streaming service. Does that make Spotify a record label?
Of course we also cover the week’s top entertainment headlines including Kelly Clarkson gets a new daytime talk show, Comcast beats Disney in an auction for Sky in the United Kingdom and singer Sam Smith loses his voice just before going on stage.
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Showbiz Sandbox 424: Talking Telluride, Toronto and Emmys with Indiewire’s Anne Thompson
September 18, 2018
Every September the annual awards season begins to take shape at three major film festivals; Venice, Telluride and Toronto. Anne Thompson, Indiewire’s editor at large, was at the latter two and she joins us to explain how this year’s Oscars race looks like it will be filled with a bounty of great movies, including one from director Alfonso Cuaron, which is looking for a way to overcome the stigma of being released by Netflix.
Speaking of awards, the timing works out to have Thompson also give us her thoughts on the recent Emmy Awards, honoring the best and brightest prime time television series from the past year.
Meanwhile, the European Union passed reforms to copyright law that have proven to be contentious given that it could mean big changes for tech platforms such as Google, Youtube and others. Content owners, on the other hand, are delighted with the outcome.
Of course we also cover the week’s top entertainment headlines including Time magazine gets another new owner, Spotify allows users to download more music and Paul McCartney enjoys his first #1 debut for his latest album.
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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 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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