Showbiz Sandbox 104: ‘Pirates’ Proves The Importance Of A Global Box Office
May 23, 2011
Despite earning more than $90 million in North America during its debut weekend, the opening of “Pirates of the Caribbean: On Stranger Tides” did not live up to many industry insiders lofty expectations for the movie. However, considering the film made an additional $260 million in more than 100 international territories, its impossible to consider the latest installment of the Jack Sparrow franchise anything other than a success.
Even so, some analysts believe any muted box office returns for “Pirates” in North America are due to the public’s rejection of 3D movies. Have audiences grown tired of viewing films in 3D? Is the once flashy new technology now passé or is the surcharge for 3D and Imax causing moviegoers to opt-out?
The Cannes Film Festival came to an end this past week with Terrence Malick’s “Tree of Life” taking home the Palm d’Or. Will winning the festival’s top prize help the film’s financial prospects? If history is any guide, probably not.
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Showbiz Sandbox 103: Midnight In Cannes – This Year’s Fest Sparks Fireworks
May 16, 2011
Woody Allen’s film “Midnight In Paris” opened the 64th annual Cannes Film Festival last week, but it was Terrence Malick’s long awaited “Tree of Life” which everyone was eager to see. The film divided audiences with some booing loudly and others proclaiming it a masterpiece. We provide all the highlights from this year’s festival, including news about films and the scene along the Croisette.
Google decided not to wait around for record labels to offer them a decent license before launching their cloud music service. After watching Amazon launch their own music service, Google realized they would never get an appropriate licensing deal from the labels so took matters into their own hands.
Meanwhile, major television networks began holding their upfronts where they inform advertisers, and the world, what shows will air during the fall television season. We fill you in on who made the cut, who got cut, and why. The announcement that Ashton Kutcher will replace Charlie Sheen on “Two and a Half Men” was the biggest television news of the week.
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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 101: How Jay-Z Went From Street Corner To Corner Office
May 2, 2011
Starting out on the streets of Brooklyn, New York as a drug dealer in the late 1980s, hip-hop star Jay-Z has transformed himself into a recognizable brand encompassing music, clothing, restaurants, nightclubs and an NBA basketball team. Our guest this week is Forbes staff writer Zack O’Malley Greenburg who tells the improbable story of how Jay-Z rose to the top of the business world in his new book, “Empire State of Mind: How Jay-Z Went from Street Corner to Corner Office
Another brand that has proven their business acumen is home video subscription service Netflix. The company, which reported record first quarter numbers this past week, soon will have a number of competitors, including the likes of YouTube, DirecTV and Comcast.
Maybe Vin Diesel can turn himself into a mega-brand, proving he can still open a film on a global scale with “Fast Five”, the fifth installment in the “The Fast and The Furious” franchise. The film earned mega-bucks this past weekend, despite being up against the summer blockbuster “Thor” in international territories.
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