Showbiz Sandbox 378: ESPN Goes Looking For Some Fights
August 28, 2017
In the midst of a blockbuster boxing match viewed around the world between welterweight champion Floyd Mayweather Jr. and MMA champion Conor McGregor, ESPN announces they spent a small fortune to secure the worldwide rights to future bouts. The network plans on providing access to the fights on their recently announced streaming service, with ESPN even getting a potential piece of any fights that go the pay-per-view route.
The Mayweather vs. McGregor match was faulted for causing the North American box office to dip to it’s lowest level in 16 years this past weekend. In fact, box office receipts which will not surpass $4 billion for the first time since 2006 thanks to an attendance decrease of 25%. Maybe MoviePass, a subscription moviegoing service, will help fill cinemas now that they’ve lowered their price to $10 per month.
Meanwhile “Handbook for Mortals” took the young adult book genre by storm over the last week, and not in a good way. The debut novel topped the New York Times bestseller list for that genre its first week out without anyone ever having heard of the book or its unknown author. Controversy ensued.
Of course, we also cover the week’s top entertainment news including why the issue of on-set safety has gotten a lot of attention after Tom Cruise got injured making the next Mission: Impossible movie, the big editorial changes at the Los Angeles Times and how “The Walking Dead” has inspired another lawsuit.
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Showbiz Sandbox 377: Disney Breaks Up With Netflix To Launch Solo Streaming Service
August 14, 2017
After years of licensing their movies to Netflix, Disney announced last week that it will be launching their own streaming service when their current deal expires. Then in a true reordering of the media landscape, Disney also revealed it will be creating a standalone subscription streaming service for ESPN. Realistically though Disney might be one of the few entertainment companies that could successfully pull off direct-to-consumer strategy on such a grand scale.
Perhaps Disney felt threatened by content distributors like Netflix and felt compelled to make a move. After all, just days after making their announcement Netflix said it had lured producer Shonda Rhimes away from Disney’s ABC Studios to make original programming for its own service. Netflix also stole hitmaker Chuck Lorre away from CBS and cut a deal with the Coen Brothers to make one of their next projects.
Meanwhile, there’s lots of drama on Broadway, literally and figuratively. Everyone is talking about the collapse of the musical “Natasha, Pierre and the Great Comet of 1812,” which has charges of racism, unprofessionalism and bad management swirling around it. Now the show is closing long before its $12 million budget was recouped.
Of course, we also cover the week’s top entertainment news including how Warner Music Group posted big revenue gains thanks to streaming, Bruce Springsteen heads to Broadway and the emergence of a new Chinese media magnate.
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Showbiz Sandbox 365: As Cord-Cutting Grows, Media Company Revenue Falls
May 8, 2017
Media company stocks took a beating last week with a one-two punch from cord-cutting and a soft ad market. The first quarter of 2017 saw pay cable subscriptions fall by over 700,000 in the United States, the largest ever such loss. This has caused some concern that cord-cutting has accelerated just as major advertisers have started to spend less on marketing.
However, television networks may just be shifting where revenue comes from. Rather than huge carriage fees and ad rates tied to huge viewership, networks may now be earning money off licensing content to streaming video providers and selling ads on digital platforms. There’s just one problem; such digital platforms pay far less than networks used to getting.
Warner Music Group is also suffering from shrinking revenues thanks to consumer migration to streaming online services. The company signed a new licensing agreement with YouTube, but they aren’t happy with a deal they felt forced into accepting. We’ll explain why.
Of course, we also cover the week’s top entertainment news including the multiple “Game of Thrones” spin-offs planned by HBO, Harry Potter heads to Broadway and the return of “American Idol”.
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Showbiz Sandbox 360: Can Spotify Come To Terms With Major Record Labels?
March 20, 2017
Even as Spotify has grown into the largest subscription streaming music service in the world, all of the company’s long-term licensing deals have expired and it has struggled to negotiate new ones that will help them lower costs and become a viable business. However new reports have emerged that Spotify may be close to reaching new licensing deals after agreeing to some strict terms from the labels.
Among these are marketing guarantees, the windowing of major releases and only placing full albums on the premium paid tier of their service. Spotify may have no choice but to accept the labels’ offer otherwise their much-anticipated IPO may fall apart once and for all.
Unlike Spotify, Netflix is a subscription streaming company that is at the top of its game and isn’t worried about squabbling with its content partners. Instead, the company has been busy altering its star rating system, restoring and lost Orson Welles film and bad-mouthing movie theaters.
Of course, we also cover the week’s top entertainment news stories including the opening of Disney’s live-action “Beauty and the Beast” sets box office records, the head of the MPAA goes M.I.A. at CinemaCon and Saturday Night Live makes plans for prime time segments. Read more
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Showbiz Sandbox 158: A Rundown of The Year’s Top-Earning Authors
August 13, 2012
James Patterson tops the list of this year’s highest-paid authors according to Forbes. Working with a team of writers Patterson published an astounding 14 best-selling novels in 2011 to earn an estimated $94 million. Joining Patterson were regulars such as Stephen King and John Grisham among others, as well as newcomer George R.R. Martin whose “Game Of Thrones” series has become a best seller.
The Summer Olympics came to a close over the weekend. This must be disappointing to NBC which was just getting used to actually having an audience for a change. In fact, ratings for coverage of this year’s games set viewership records in both North America and Europe.
On previous episodes we’ve mentioned Hollywood’s new-found appreciation of China and it seems to only be growing. Last week filmmaker James Cameron announced the expansion of his 3D production company through a joint venture in China and DreamWorks Animation said they had agreed to work with a group of Chinese investors to develop a $3.1 billion culture and entertainment district in Shanghai.
We also cover the week’s top entertainment headlines including how Google plans to punish copyright thieves, a rumor that dead pop stars will perform on this season’s “X-Factor” and plans to adapt a cult 80’s television show featuring an alien puppet into a hit movie.
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Showbiz Sandbox 135: Is The SAG-AFTRA Merger Good For Hollywood?
February 6, 2012
After years of humoring the idea it looks as if two of Hollywood’s largest labor unions may actually merge. Detailing the history of SAG and AFTRA, Jonathan Handel, a contributing editor at The Hollywood Reporter and an entertainment attorney, explains the reasons behind why the unions might want to merge and what it all means for the entertainment industry.
The telecast of Super Bowl XLVI proved to be another ratings winner and as in previous years, is expected to be the most watched show of the year, if not all-time. Were audiences tuning in for the game or to watch Madonna’s extravagant half-time show?
Despite gaining a million subscribers last year the minuscule royalties paid by Spotify to independent musicians barely budged at all. Some industry veterans have grown weary of subscription music services and are advising they be used for promotional purposes only.
We also cover the week’s top entertainment headlines including a new CEO at Sony, why you won’t see Bon Iver perform at the Grammys and how Facebook might turn U2’s Bono into a billionaire.
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Showbiz Sandbox 102: Why Music Videos Matter (Again)
May 9, 2011
Music videos rose to prominence in the 1980s to become on of the most important promotional vehicles for new music. As fans grew tired of watching their favorite musicians lip sync their way through elaborate videos MTV and the like stopped showing them. However, with the advent of inexpensive production equipment and the ability to reach a massive global audience via the Internet, musicians have begun churning out a new crop of innovative, and at times interactive, music videos, revitalizing an art form once written off as extinct.
In other music news, Warner Music Group was finally auctioned off for $3.3 billion. Now there is talk that the record labels new owner might scoop up EMI making Warner Music Group even larger than it is already. Meanwhile, in an attempt to reverse declining box office, concert promoters are trying to win audiences back with cheaper ticket prices and high-end acts.
Flixster and Rotten Tomatoes, two of the Internet’s most popular movie sites, were sold to Warner Bros. We debate whether the move will influence some of the reviews and recommendations the websites have become known for.
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Showbiz Sandbox 89: The Rising Fortunes Of Lady Gaga
January 24, 2011
Lady GaGa may be well on her way to earning more than $100 million dollars this year. With a new album and a world tour, Zack O’Malley Greenburg, a staff writer at Forbes, believes the pop star has the potential to become one of 2011’s highest paid musical performers. Greenburg stops by to help us do the math on Gaga’s ever increasing fortunes.
One event which won’t be contributing to Lady Gaga’s income is the Coachella Music Festival. Coachella, which is held in Southern California every April, anounced its lineup for this year’s event and Gaga isn’t on the bill. Even so, this year’s fest is overstuffed with acts you don’t want to miss and Los Angeles Times pop critic Ann Powers fills us in on all of them.
Meanwhile, MTV has a new hit on its hands with “Skins”, but advertisers and parents groups are protesting the show over its portrayal of teenage sex and drug use. At least three big advertisers have already pulled their support of the show. Over on Fox, Steven Tyler and Jennifer Lopez have joined a revamped “American Idol”, which despite dropping 13% in the ratings still managed to beat out all its competitors.
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