Showbiz Sandbox 110: “Transformers” Proves Mediocrity Makes Money
July 6, 2011
When “Transformers 3: Dark of the Moon” hit theaters over the Fourth of July holiday weekend fans of the franchise were relieved to discover it wasn’t nearly as bad ad the second film. That seems to be a fairly common response to Michael Bay’s latest critic-proof popcorn blockbuster. The highly anticipated movie made nearly $400 million at the worldwide box office in its first week explaining why studios love such formulaic dreck and all but ensuring another sequel.
Last week also saw the sale of MySpace. The once dominant social network Internet site which was once valued at $12 billion was sold by News Corp. at a loss for a mere $35 million. What may be more surprising than anyone actually wanting to buy MySpace is that pop star Justin Timberlake has been tapped to help turn the company’s fortunes around by focusing on music.
Speaking of music, NPR tried to figure out how much it costs to make a hit pop song by examining the finances behind Rihanna’s recent single “Man Down”. Apparently all it takes is $1.1 million in production and promotions costs and 12 minutes to right the lyrics.
Podcast: Play in new window | Download
Showbiz Sandbox 109: Making Grammar Fun (And F*cking Funny)
June 27, 2011
When Chris Baker isn’t working on Madison Avenue for a big advertising firm, he is creating some of the world’s most exclusive websites… literarily. TheWorldsMostExclusiveWebsite.com only lets verified celebrities and big wigs past the home page. His website M. Night School is crowd-sourcing enough funds to send director M. Night Shyamalan back to film school. Baker joins us to discuss his latest effort, “The Elements of F*cking Style
After this past weekend, Baker may want to send Pixar back to film school. “Cars 2”, the company’s highly anticipated sequel to their blockbuster “Cars”, was given a drubbing by critics. However, critical acclaim may not matter for a film that earns $2 billion a year in merchandising.
At least nobody’s forcing you to see “Cars 2”. That might not be an option in China where the government is “suggesting” that everyone see “Beginning of the Great Revival,” a propaganda film disguised as a historical epic detailing the founding of China’s Communist Party.
Podcast: Play in new window | Download
Showbiz Sandbox 108: China Becomes Hollywood’s New Best Frenemy
June 20, 2011
Hollywood movie studios have been raking in the yuan at the Chinese box office over the past year. This despite China missing the most recent World Trade Organization deadline to open its market to more foreign films. Forced to work through government sanctioned monopolies, studios have been aggressive about getting their movies in front of China’s billion plus citizens. Meanwhile, actors such as Christian Bale have headed east to star in China’s big blockbusters, such as Zhang Yimou’s Heroes of Nanking.
Maybe a film from China will be nominated for a Best Picture Oscar in the near future. Of course, contenders will have to figure out the new Best Picture nomination process put forth by the Academy last week. In an effort to create an air of suspense, the number of nominees for the year’s big film prize will fluctuate between 5 and 10 entries, depending on how balloting shakes out. We’ll explain all the new rules.
It looks as if Spotify, the popular European music streaming service, may be launching in the United States as early as July. They’ll go up against well established offerings like Pandora, which went public last week.
Podcast: Play in new window | Download
Showbiz Sandbox 107: The Pros And Cons Of Cloud Music Services
June 13, 2011
After months of rumors and speculation Apple finally announced their cloud music service last week. Aptly named iCloud, the new service joins similar offerings from both Amazon and Google. Though each of the services has their benefits, no two are exactly alike. Amazon and Google stream music over the Internet and require you to upload your entire music library. Apple doesn’t do any of those things. We dissect the pros and cons of all three services and wonder why anyone really needs them in the first place.
Something else that’s probably not needed is a sequel to “Tron: Legacy” but thanks to a television series spinoff of last year’s sci-fi blockbuster, we’ll probably get one. And it will probably be in 3D like its predecessor even though Dreamworks Animation head Jeffrey Katzenberg is heartbroken over the decline of the format.
The Tony Awards were handed out on Sunday and as we predicted, “The Book Of Mormon” walked off with the most trophies, including Best Musical. But what is a Tony really worth to a Broadway show’s bottom line? We’ll try and find out.
Podcast: Play in new window | Download
Showbiz Sandbox 106: A Tony Awards Preview Of Broadway’s Billion Dollar Year
June 6, 2011
Even without all the news surrounding the troubled production of “Spider-Man: Turn Off The Dark”, Broadway gave us plenty to talk about over the past year. This season brought more critically acclaimed (and financially successful) productions than during any time in recent memory. Brian Scott Lipton, editor-in-chief of TheaterMania.com, tells us who he thinks will win the year’s top Tony Awards on Sunday evening.
Movie box office is also on the rise after a disappointing first half of the year. Even so, the film grosses being earned in North America are being dwarfed by international box office. We’ll explain why.
Meanwhile, Lady Gaga ruled the album charts with her new release thanks to some help from Amazon.com. A number of artists are finding new and innovative ways to sell their music. In fact, the Kaiser Chiefs are allowing fans to create and sell their own albums with the band’s music.
Podcast: Play in new window | Download
Showbiz Sandbox 105: The Dark Truth About Digital Cinema
June 1, 2011
When Ty Burr, film critic for The Boston Globe, noticed that the films he was seeing didn’t appear as bright as they usually do he did a little investigating to figure out why. What he discovered, and documented in a recent front page article, is that some major theater chains are leaving moviegoers in the dark by regularly misusing digital projection equipment. Burr joins us to explain why this is happening and what cinema patrons can do about it.
Meanwhile, the market for streaming music online hasn’t cooled off. Apple is about to announce a service the company has dubbed iCloud and it is rumored that Facebook may integrate Spotify into its website. It seems more people are listening to more music than ever before. That may be why the Coachella Music Festival is doubling down and expanding the event to two weekends next year.
Oprah Winfrey ended her long-running talk show last week and nearly 17 million people tuned in to watch. Yet that audience pales in comparison to the 28 million viewers that watched the final episode of this season’s “American Idol”. That’s nearly a 20% increase over last years finale.
Podcast: Play in new window | Download
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.
Podcast: Play in new window | Download
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.
Podcast: Play in new window | Download
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.
Podcast: Play in new window | Download
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.
Podcast: Play in new window | Download
