Showbiz Sandbox 453: The Biggest Disaster in the History of the Music Industry
July 2, 2019
When a fire ripped through Universal Studios in Los Angeles back in 2008 it was initially feared that all of the historic films and music locked away in the vaults that burned were lost forever. At the time Universal reported that, quite miraculously, very little damage had occurred and that few, if any, of the master recordings in the vaults were damaged.
However, in an in-depth investigative piece The New York Times reports that the fire actually wiped out hundreds of thousands of invaluable masters of legendary recording artists such as Louis Armstrong, Chuck Berry, Duke Ellington, Billie Holiday, Elton John, Nirvana and possibly hundreds of others. Universal Music Group continues to insist the loss is overstated, but artists are clamoring for more information and the first class action lawsuit has already been filed.
Meanwhile talks between the Writers Guild of America and the Association of Talent Agents over packaging fees and affiliate productions have stalled and now lawsuits have started to fly.
Of course we also cover the week’s top entertainment headlines including which Broadway shows got a post-Tony Awards bump in grosses, J.J. Abrams lands at WarnerMedia and Celine Dion is leaving Las Vegas.
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Showbiz Sandbox 447: The Madness of Media Moguls Making Mega-Millions
May 6, 2019
While the exorbitant salaries of the entertainment industry’s top executives are not a new phenomenon, the subject cropped up again recently after a relative of Walt Disney objected to the $65 million paycheck Disney CEO Robert Iger earned last year. That amounts to 1,424 times more than the average salary of a Disney employee. We debate whether Hollywood moguls should be earning hundreds of times more than their employees and why their compensation is so high in the first place.
On Broadway, Tony nominations were announced last week and they pack more drama and excitement than the creatively weak season that just ended. We’ll take a look and predict which shows will benefit the most from awards and the chance to perform live on TV.
Meanwhile, “Avengers: Endgame” continues to dominate the worldwide box office, earning $2 billion in just 11 days, faster than any film in history. That said, we wonder why Hollywood studios neglect to mention that their tentpole movies often begin showing on Thursdays.
Of course we also cover the week’s top entertainment headlines including big changes at CBS News, YouTube scores some Major League Baseball games and why the London production of “Les Miserables” is getting a makeover
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Showbiz Sandbox 444: Disney Gets Serious About Streaming
April 15, 2019
From the moment the Walt Disney Company announced they would eventually launch their own video streaming service everyone wanted more detailed information. When would the service launch? How much would it cost? What content would be offered? Last week Disney answered all of those questions during an investor media event.
Disney+, as the service has been named, will launch this November in and will offer hundreds of hours of television and movies, both old and new, for the attractive price of $6.99 per month or $70 per year. Unlike Apple, who announced their own streaming service just a few weeks ago, Disney proved they know how to launch an attractive content platform. Not surprising since they have content from their animation, Marvel and Lucasfilm labels to offer up.
Meanwhile, the Writers Guild of America and the talent agents which represent their membership, are still arguing over the adoption of a new code of conduct which would prevent agencies from collecting packaging fees on new television series. Late last week the WGA asked its members to fire their agents, which many did rather publicly via social media.
Of course we also cover the week’s top entertainment headlines including how Apple Music has topped Spotify (in the United States), the Emmys revise how certain TV shows are classified and Netflix buys a movie theater.
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Showbiz Sandbox 413: Let the Media Merger Mania Commence
June 18, 2018
In one of the most significant antitrust cases in decades, last week a federal judge cleared the way for AT&T to complete its acquisition of Time Warner, ruling that the Department of Justice failed to make a convincing argument the deal would be bad for consumers. The decision opens the door for what many believe will be a wave of corporate mergers as existing media outfits look to thwart off threats from tech giants entering the space such as Amazon, Apple and Netflix.
Evidence of this was apparent within days as Comcast made an official all-cash offer to acquire a majority of Twentieth Century Fox’s assets. The Fox board will meet this week to decide who will wind up acquiring them; Disney or Comcast.
We follow up the Tony Awards to applaud its big winner “The Band’s Visit,” celebrating the success of indie producers on a Great White Way dominated more and more by corporations. We also shoot down the idea that winning the Tony for Best Musical isn’t a boost at the box office.
Of course we also cover the week’s top entertainment news including how Bryan Singer will wind up with director’s credit on the Queen biopic from which he was fired, Oprah Winfrey signs a deal with Apple and why a tax scandal in China over a major star’s salary has the industry on edge.
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Showbiz Sandbox 370: Tony Awards Prove Unnecessary For Some Broadway Shows
June 12, 2017
Historically winning a Tony Award can make a big difference in the financial success of a Broadway production. This year’s awards were handed out on Sunday, but some shows may not need to win a Tony to win on Broadway. Ticket sales for “Anastasia”, “A Bronx Tale” and “Come From Away” have been doing just fine without all the accolades.
And when Broadway shows leave the Great White Way to tour the world, they are attracting record audiences. In North America alone 14 million people attended live theatre productions in roughly 200 cities, bringing in $981 million.
Meanwhile, Taylor Swift is making her entire back catalogue available via on-demand streaming services such as Spotify. That she announced this news the same day as Katy Perry released her latest album led many to wonder if this was another round in an old pop-star rivalry.
Of course, we also cover the week’s top entertainment news including why the Amazon Prime Video app is coming to the Apple TV, satellite radio giant SiriusXM makes a huge investment in Pandora and Bob Dylan finally delivers his Nobel Prize speech.
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Showbiz Sandbox 364: Hollywood Averts Another Writer’s Strike With Last Minute Deal
May 2, 2017
Though it came down to the wire and took an all-night negotiating session, Hollywood avoided another costly writer’s strike earlier this week. The Writers Guild of America, which represents upwards of 12,000 movie and television writers, came to a tentative agreement with the Alliance of Motion Picture and Television Producers, which negotiates on behalf of Hollywood studios and networks. The three year contract reportedly resolves several issues including the WGA health plan, how long a writer can be held by a television series as well as parity for online and cable residuals.
In other breaking news, the nominations for this year’s Tony Awards were announced, but it is anyone’s guess which of the four productions up for Best Musical will come out on top. The same is true of the four plays, each of which is by an American playwright making their Broadway debut. The only sure thing is that Bette Midler will win the Best Leading Actress in a Musical Award for “Hello Dolly!”
Meanwhile, after a 15 year decline in which global recorded music lost 40% of its value, the music industry is showing signs of life. You can thank streaming. For the second year in a row, music sales worldwide have increased – that includes physical product, digital and income from streaming.
Of course, we also cover the week’s top entertainment news stories including more layoffs at ESPN, “Saturday Night Live” heads to China (sort of) and Ryan Seacrest gets a new television gig.
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Showbiz Sandbox 325: Keeping Track of Who’s In Charge at Hollywood Studios
June 20, 2016
It would seem keeping one’s job as a senior executive at a major Hollywood movie studio has become much harder of late. Last year both Paramount and Sony Pictures replaced their studio heads. Now the executive shuffles at Sony and Fox, as well as the turmoil at Viacom, have our heads spinning. We’ll be joined by Anne Thompson of Indiewire who explains why Hollywood is in turnaround.
We also breakdown the past week’s worldwide box office, where a little fish swam a long way. Apparently audiences hadn’t forgotten the forgetful character from “Finding Nemo” and thus turned the Pixar movie “Finding Dory” into a box office smash.
Amazon plans to expand its streaming music service, but will it be worth listening to? Meanwhile, CBS won a potentially significant lawsuit when it argued successfully that a remastered album can in fact be considered a brand new work in terms of copyright.
Of course we also cover the week’s top entertainment news including the Tony Awards telecast get a ratings bump, Disney opens a theme park in Shanghai and ESPN devotes itself to soccer (or football, depending where you live).
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Showbiz Sandbox 310: Diversity Makes A Comeback At Sundance
February 2, 2016
This year’s Sundance Film Festival wrapped up over the weekend in historic fashion by awarding the dramatic competition grand jury and audience prizes to “The Birth of a Nation”, a historical biopic a Virginian slave revolt. The film made headlines earlier in the week when Fox Searchlight purchased the film for a record $17.5 million after beating out Netflix in a heated bidding war.
We’ll tell you about all the big Sundance awards and continue the Oscar season slog, in which this year’s front runners are as mixed up as a Republican presidential primary. SAG added to the confusion, making “Spotlight” this week’s hero, after “The Big Short” looked like a winner the week before.
Meanwhile the Federal Communications Commission is about to vote on ending the monopoly of set top boxes for US cable subscribers, a decision that could have big ramifications for everything from what you watch to the stock prices of numerous tech companies, including Apple and Roku.
Of course we also cover the week’s top entertainment news including Louis CK bypasses television networks and brings his new series directly to viewers, Pope Francis gets ready for his closeup in a feature film and sales of new music were outpaced by catalogue titles over the past year.
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Showbiz Sandbox 283: Why Apple Is Cannibalizing Its Own Music Sales
June 16, 2015
Apple finally announced its long rumored music streaming service last week, which is meant to compete with market leaders Pandora and Spotify. The offering seems in direct conflict with the ongoing business of the largest music retailer in the world, but as Ryan Faughnder of the Los Angeles Times points out, Apple may have had no choice since iTunes digital music sales have significantly decreased.
Now, the music industry is hoping that Apple can ride to their rescue once again, as they did with digital music previously, by attracting the large subscriber base required to make music streaming profitable. Faughnder gives us his thoughts on what the new service means to the business, and tells us how competitors have responded to Apple’s entrance into the market.
There seemed to be no competition for “Jurassic World” during its theatrical debut. The film was released globally and gobbled up opening weekend box office records both in North America and internationally, earning more $500 million in just three days. That gross is more than the combined weekend receipts for every other film currently in theaters worldwide.
Of course, we also cover the week’s top entertainment news stories including Rupert Murdoch steps down as CEO of 21st Century Fox, video games get their own hall of fame and what happened when Dave Grohl of the rock band Foo Fighters broke his leg in the middle of a concert.
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Showbiz Sandbox 282: Broadway’s Not So Big Night at the Tony Awards
June 8, 2015
A musical about family, sexuality and suicide along with a play about an adolescent with Aspberger’s syndrome won the top prizes at this year’s Tony Awards over the weekend. Based on Alison Bechdel’s graphic memoir, “Fun Home” was awarded Best Musical and “The Curious Incident of the Dog in the Night-Time” earned Best New Play. On paper, both could have been marginal longshots to win Tonys, which can at times go to more commercial productions.
We go over the list of this year’s Tony Award winners and choose a few highlights from a ceremony in which they were quite sparse. It was great to see Kelli O’Hara win a Tony for Best Actress In A Musical after she had been overlooked the last five times she was nominated. Yet, in a year which saw Broadway break box office records, the telecast flirted with all-time low ratings.
Meanwhile, as we record this episode Apple appears set to announce their streaming music service which some big record label executives see as a tipping point that could save the industry. That seems like a tall order given how late the company is getting to market, but it’s never a good idea to underestimate Apple.
Of course, we also cover the week’s top entertainment news stories including how Netflix is heading to Spain, Senator Chris Dodd is staying on as head of the MPAA and Showtime is going over the top with its new streaming service.
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