Showbiz Sandbox 515: Disney Restructures Its Magical Kingdom
October 20, 2020
One week after the Walt Disney Company announced that it would be premiering its latest Pixar film on Disney+ rather than in movie theaters, the media giant says it will reorganize its corporate structure to focus the company’s content creation on streaming. Is this a hasty pivot, long in the works, or just making official the obvious? The move left many industry watchers a bit confused.
Meanwhile, movie theaters in most of New York state can reopen, except in New York City itself. Even so, studios still won’t be releasing a blockbuster soon enough to help struggling cinema operators like AMC, who claims they will run out of money before the end of the year.
Of course we also cover some of the week’s top entertainment headlines including why Kevin Hart is taking over for Jerry Lewis on the muscular dystrophy telethon, K-Pop boy band BTS might be enlisting in the South Korean military (literally) and this year’s slimmed-down Tony nominations.
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Showbiz Sandbox 504: Does The Entertainment Industry Need A Government Bailout?
July 29, 2020
Most of the world’s cinemas are closed. Studios are struggling to release films theatrically. Live theatre probably won’t return until at least 2021. Who knows when concerts can safely be held. Likewise, new movies and television shows can’t get made because producers can’t get production insurance. Is it time for governments to help the entertainment business bounce back the same way they help other industries?
Meanwhile, the Emmy nominations provided some good news, at least for HBO and Netflix who racked up a combined 267 nods. In a year where an Emmy ceremony is hardly likely, the major broadcast networks only scored one nomination for a top award. We go take a stab at predicting which shows will score an Emmy this year.
Of course we also cover some of the week’s top entertainment headlines including why TikTok signed a deal with record labels, Drake charts another music industry record and how Universal Music Group profits from local music acts.
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Showbiz Sandbox 501: Are Movie Studios Starting To Panic?
July 8, 2020
With most of the world’s cinemas having been closed for the past five months due to the coronavirus pandemic, Hollywood studios and other film distributors have been unable to release new movies theatrically. However, even if movie theaters are able to open their doors, will studios be willing to release expensive blockbusters at a time when a new COVID-19 outbreak could shut them down again at any moment?
Meanwhile the Academy of Motion Picture Arts and Sciences invited over 800 new professionals from around the world this year, achieving their goal of diversifying the organization’s membership base.
Of course we also cover some of the week’s top entertainment headlines including the WGA avoids a strike by reaching a deal on a new contract with producers, Beavis and Butt-Head grow up and the United Kingdom pledges to $2 billion for arts programs.
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Showbiz Sandbox 482: Entertainment Industry Facing Coronavirus Challenge
February 24, 2020
For the past four weeks the Chinese government has mandated that all of its cinemas remain closed in hopes of preventing further spread of the Coronavirus, also known as COVID-19. Not that anyone would actually show up even if movie theaters were open since a majority of China’s population are avoiding public venues and gatherings. Having the second largest movie market in the world out of business for so long will surely affect the global box office, not to mention release dates.
As the Coronavirus reaches other countries and turns into a full-blown pandemic, cinemas in Northern Italy are shutting their doors in the wake of infestations and the popular Korean boy band BTS moved a press conference for its upcoming album to an online only event, rather than meet journalists in-person.
In the United States, the popular indie-cinema chain Alamo Drafthouse launched its own long-awaited subscription plan. We debate the merits of Alamo’s new program and what theater operators need to consider when adopting such a scheme.
Of course we also cover the week’s top entertainment headlines including soaring occupancy rates for Broadway productions, the United Kingdom embraces streaming in earnest and HBO Max will launch with a reunion of “Friends.”
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Showbiz Sandbox 475: Broadway Attendance Was Up and Box Office Was (Slightly) Down in 2019
January 6, 2020
Broadway produced its second highest grossing year in history during 2019, earning $1.7 billion, just 3% down from the year before. The season still managed to set a record for attendance, selling more tickets than any other season in modern history. Indeed, during the last decade attendance at Broadway shows was up 20% as ticket prices rose a whopping 70%.
Speaking of financial figures, the worldwide movie box office numbers are still being finalized for last year but it looks as if France and China may have set new records. So did Disney, whose movies grossed $11.1 billion globally, accounting for 33% of North America’s ticket sales.
Meanwhile, the Hollywood Foreign Press Association lent their voices to this year’s awards season by handing out their Golden Globes for achievement in film and television. Despite a few unexpected winners there was no indication there choices will hold sway of the Oscars in February.
Of course we also cover the week’s top entertainment headlines including why the Kingdom of Jordan is banning a movie it helped fund, the Coachella Music Festival announces this year’s lineup and some popular works enter the public domain.
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Showbiz Sandbox 423: After New Allegations Time Was Up For Les Moonves at CBS
September 10, 2018
When CBS head Les Moonves was accused of sexual misconduct this past summer his firing seemed inevitable. Instead he over the weekend after six additional women came forward with allegations dating back decades. Now the question is not how much severance Moonves will get but how much money can CBS pay him to go away and avoid a drawn-out lawsuit without angering activists .
Ultimately Moonves may have lost the battle but won the war. His stepping aside allowed for the settlement of an ownership lawsuit which prevents National Amusements, the network’s parent company, from trying to merge CBS and Viacom for at least two years.
Meanwhile Netflix scored big at the Venice Film Festival when their movie “Roma” picked up the Golden Lion, the festival’s top prize. Director Alfonso Cuarón’s film seems like just the type the Academy might fall for come Oscar time, but first it has to find a movie theater willing to show it.
Of course we also cover the week’s top entertainment news including why there won’t be a Best Popular Film category at next year’s Oscars, a new “Law & Order” series and all the history made at the Creative Arts Emmy Awards.
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Showbiz Sandbox 417: On-Demand Surpasses Live TV Viewing
July 23, 2018
It seems as if we’ve been talking for a decade or more about how television viewing patterns are shifting. Audiences have eschewed live broadcasts for on-demand programming and in the United Kingdom, more households now subscribe to streaming services than traditional pay TV. Maybe that’s why niche sports like arm wrestling, archery and bull riding are all conducting their own streaming experiments.
In China, parents are requesting the government set up a ratings system for movies so they know what releases are appropriate for their children. Meanwhile, a new report claims of the 271 local movies released in China this year only 12 have made a profit.
And in the United Kingdom book sales were up last year which is good news for publishers. Unfortunately, authors didn’t see much in the way of a bump in pay. In fact, as the publishing industry’s profits rise, author’s incomes have declined to record lows.
Of course we also cover the week’s top entertainment news including why Hollywood is so stressed out lately, the “Rugrats” movie and why Disney fired the director of their “Guardians of the Galaxy” franchise.
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Showbiz Sandbox 403: Justice Department Makes Its Case Against AT&T-Time Warner Merger
March 12, 2018
As the Department of Justice prepares for its antitrust trial to prevent the merger of AT&T and Time Warner, they are submitted a brief to the court claiming the outcome of the case shape how video-content is delivered in the United States for years to come. They believe the merger will stifle competition, prevent competitors from entering the market and ultimately disadvantage consumers. If the government succeeds in court, could they go after Comcast NBCUniversal next?
Meanwhile, even though the Academy Awards were last week, Academy Award preferential balloting, there is still some debate over the preferential balloting system used to select Best Picture. Does the method lead to a consensus choice rather than the film most people voted for in the first place? Certainly, complaints about Best Picture winners are not new, nor is preferential balloting, which was first used at the Oscars n 1934.
The Fox television network plans on cutting advertising on its primetime lineup down to two minutes per hour by 2020. This comes as NBC and CBS recently announced similar ad-limiting initiatives. Why are TV networks suddenly so keen to dump their lucrative advertising and how will they make up that lost revenue?
Of course we also cover the week’s top entertainment news including how “Hamilton” has conquered the West End in London, e-sports turns into a billion dollar business and Facebook will broadcast Major League Baseball games this season.
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Showbiz Sandbox 326: How Brexit Will Affect the Entertainment Business
June 27, 2016
Thanks to the passage of a referendum in the United Kingdom dubbed Brexit, Britain will soon be leaving the European Union. Entertainment companies beyond those in the UK suddenly face a lot of uncertainty and confusion over deals they have already made and will be making in the months and years to come. We discuss how the Brexit vote may affect the entertainment industry.
In other troubling news, the long awaited (as in 20 years) sequel to “Independence Day” opened to disappointing box office returns. This has led to industry pundits spouting erroneous lessons Hollywood can take away from its release. Knowledgeable nuggets such as don’t wait too long to make a sequel (or did they forget about “Star Wars”) and don’t make sequels without the original star (though “Jurassic World” proved that theory wrong just last year).
We also take a look at virtual print fees or VPFs. A letter from one of our listeners asked us to clarify how small independent distributors can afford them. So, we review the history of VPFs, how they work around the world and when studios will stop paying them to theater owners.
Of course we also cover the week’s top entertainment news including a court decides that legendary rock band Led Zeppelin didn’t plagiarize its biggest hit, “Mr. Robot” gets more episodes in its second season and “Star Trek” fan films get a green light from Paramount Pictures (sort of).
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Showbiz Sandbox 293: Why Forecasting Box Office Has Become So Difficult
September 7, 2015
Though this year’s North American summer box office may wind up being the second biggest on record at $4.4 billion, movie studios are finding it far more difficult to predict opening weekend grosses. An article in the Hollywood Reporter details how tracking pre-release box office has become unreliable in an age when social media buzz and movie review aggregation have become so prevalent.
Word-of-mouth can now spread so quickly that movies like “Ted 2” can be doomed 24 hours after release, opening 33% below its estimated $50 million first weekend gross. And it’s not just flops that suffer tracking mishaps, as evidenced by “Jurassic World” bowing to $208 million, 60% more than originally anticipated.
Until now, Apple hasn’t had to worry about movie box office or even television ratings, but all that might change if rumors the company is getting into producing original content are at all true.
Of course we also cover the week’s top entertainment news including why Aretha Franklin wound up in court last week, why DreamWorks is leaving Disney and who the Academy selected to produce next year’s Oscar telecast.
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