Showbiz Sandbox 433: 2018 Was A Blockbuster Year at the Box Office

A string of big movie releases during the holidays helped the North American box office set a record in 2018, ending the year at $11.9 billion. Ticket sales also set a record in China where roughly $8.7 billion was earned. These two territories combined accounted for 48% of the $41.7 billion global box office.

However, growth in the second largest movie market in the world slowed to 9%, down from nearly 14% the year before. That’s why China ignored it’s quota on imported films at the end of 2018, allowing several Hollywood titles to be released. We’ll see if that trend continues into the new year.

In somewhat related news, a survey commissioned by the National Association of Theatre Owners showed that streaming services like Netflix do not adversely affect the frequency of moviegoing. Apparently people who watch a lot of movies at home, also like to watch movies in theaters. Go figure.

Of course we also cover the week’s top entertainment headlines including the Aretha Franklin’s back taxes, Ed Sheeran’s blockbuster tour and why CBS wants to dump Nielsen.

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Showbiz Sandbox 432: Peak TV Just Got Peakier

When John Landgraf, head of the FX network, proclaimed we had reached a state of “peak TV” back in 2015, he predicted the 422 television shows being produced at the time would inevitably decline since there was no way for audiences to keep up. Last year however, that number rose to 495 series being produced. To put this increase in perspective, there were 182 shows on the air in 2002.

It’s safe to assume these numbers are bound to rise with new entrants into the video streaming market launching in 2019 including Disney and WarnerMedia. What’s more, the annual amount of money being spent on all this content is astonishing with the likes of Netflix and Amazon each spending $8 billion and $5 billion respectively. And that’s nothing compared to the $22 billion Disney is shelling out.

Meanwhile, the awards season is underway with all sorts of groups weighing in on their favourites, including the Los Angeles Film Critics Association, the Golden Globes and the first awards that matter: the Screen Actors Guild. Spoiler alert: “Roma” just hit a roadblock.

Of course we also cover the week’s top entertainment headlines including the Grammy nominations, new entrants to the National Film Registry and Mariah Carey’s latest chart-topping hit is a quarter century-old Christmas song.

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Showbiz Sandbox 431: India Is Set for A Battle Over Streaming Market Share

By 2023 the country of India is forecast to have 550 million people streaming content, earning $18 billion in video streaming alone. Of course, most of people will be watching on their mobile devices, but big players like Amazon, Disney, Netflix and Spotify don’t care, so long as they wind up with the largest piece of the Indian market. One major hurdle; India makes its own content and doesn’t need Hollywood.

That is why streaming companies have begun to produce their own India-centric shows, though that can be challenging in a country with more than 20 languages and wildly diverse cultures. Plus all the major providers have to compete with the likes of YouTube, which is by far India’s most popular streaming service thanks to its advantageous price point; free.

Meanwhile, the awards season is clearly upon us with the National Board of Review and the New York Film Critics weighing in on their favorites. Los Angeles Film Critics will be making their picks shortly and Golden Globe nominations will be announced this week.

Of course we also cover the week’s top entertainment headlines including a lucrative new deal at Warner Bros. for director and producer Ava DuVernay, actor Hugh Jackman is planning a worldwide concert tour and the collapse of independent bookstores.

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Showbiz Sandbox 430 – Taylor Swift Helps Fellow Artists With Her New Record Deal

When her current recording contract expired at Big Machine, Taylor Swift went looking for a new label. After a heated bidding war, Swift wound up at Universal Music landing a deal that allows her to retain control of her masters. Swift also demanded that if the label ever sold its share in Spotify that she get a cut. More importantly, she insisted on this for every single act in Universal’s roster.

This is especially notable because Swift is not a big player in music streaming, because she holds back her albums with a window to urge fans to purchase them instead. Unfortunately, the sales of physical albums, like vinyl LPs and CDs, is collapsing, causing many artists to get out of the habit of actually creating them. Instead, some big acts release a constant stream of singles, videos and live cuts since that’s how their fans listen to music these days.

Meanwhile the North American box office continues to chug along at 10% over last year’s tally, with a record breaking $12 billion in sight. That growth rate is keeping pace with the Chinese box office, which is up 11% this year, earning $8.1 billion thus far. Maybe the date for when China’s theatrical box office will surpass that of North America’s needs to be pushed back a year or two.

Of course we also cover the week’s top entertainment headlines including why pop stars may be headed to Broadway, how YouTube has begun showing blockbuster movies (with ads) and the winners of this year’s International Emmy Awards.

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Showbiz Sandbox 429: Remembering the Genius of Stan Lee

In a career that spanned over six decades, Stan Lee became one of the most influential creators and publishers of comics that ever worked in the medium. He helped build Marvel Comics by creating dozens of superheroes including most notably Spider-Man, The Incredible Hulk and X-Men. Geoff Boucher, the new genre editor at Deadline Hollywood, joins us to discuss how Lee’s enduring work has heavily influenced the modern pop culture landscape.

Boucher also tells us how he got the exclusive story on Fox’s plans to release a PG-13 version of “Deadpool 2” in the midst of the holiday season. You might be interested to hear how this led to the kidnapping of actor Fred Savage, best known for his role in “The Wonder Years”.

Meanwhile a team from China just won the 2018 “League of Legends” World Championship. Though 110 million people in China play the game, it’s the first time the country has ever captured one of the most prestigious prizes in e-sports.

Of course we also cover the week’s top entertainment headlines including how we’re headed toward a record year at the North American box office, why Fox News is chastising some of its hosts and pay TV loses over one million subscribers in the third quarter.

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Showbiz Sandbox 428: Why Everyone Is Raving About “Red Dead Redemption 2”

While there may still be some debate over whether video games are works of art, there is no doubting their earning potential. This was proven yet again when the game “Red Dead Redemption 2” earned a whopping $725 million in global retail sales after its first three days. And with glowing reviews haling it as a new gold standard for video games, and online components yet to be released, it’s poised to rake in much more.

Meanwhile, theatrical box office in North America is also looking profitable. In fact, 2018 may end with record setting grosses (if not attendance), and it’s all due to Hollywood releasing blockbuster movies outside the usual summer and holiday season.

In China, movie stars continue to fess up to how much money they have avoided paying taxes on. The latest is Chow Yun Fat who took his cue from the government and decided now was a good time to announce he’d be giving away his fortune, estimated at more than $700 million.

Of course we also cover the week’s top entertainment headlines including why Rihanna turned down the Super Bowl halftime show, Drake topples another Billboard chart record and why Broadway is skewing a little younger.

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Showbiz Sandbox 427: Debating This Year’s Rock & Roll Hall of Fame Nominees

The Rock & Roll Hall of Fame in Cleveland, Ohio announced next year’s nominees for induction into it’s prestigious institution, setting off the annual bickering over who should or shouldn’t get in. Is the British heavy metal band Def Leppard more deserving than the gothic rock darlings The Cure? Bands such as Roxy Music and Radiohead with their lengthy history seem like no-brainers, but what about popular acts like Rage Against the Machine who only ever released four albums? We take an educated and opinionated guess on which nominees we think should make the cut.

In China, box office began to slow down considerably in August for the same reason grosses decline in other parts of the world; a lack of hit movies. It doesn’t help that subsidies from online ticketing platforms are now being blocked by the government, as is the practice of distributors buying bulk tickets to their own films to boost box office.

Meanwhile, the rush by every media company on the planet to launch their own streaming platform has created an environment where consumers might begin to push back against having to pay for so many subscription services. WarnerMedia is the latest to announce plans for a streaming play.

Of course we also cover the week’s top entertainment headlines including the nominees for the National Book Award, guitarist Lindsey Buckingham sues Fleetwood Mac and a new television series will depict the formation hip hop legends Wu Tang Clan.
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Showbiz Sandbox 426: China Gets A Tighter Grip On Its Entertainment Industry

When movie star Fan Bingbing went missing in June there was little doubt that the Chinese government had her in custody for tax evasion. Confirmation came this week when the actress resurfaced, apologizing to the country and begging for “everyone’s forgiveness!”. Chinese authorities have announced Fan will pay at least $70 million in back taxes or face criminal prosecution.

The episode has shined a spotlight on the use of what are known in China as “yin-yang contracts,” wherein two different contracts for different amounts are used; one with the full value of the contract and one with a lower value used with tax agencies. Now that the government seems to have taken notice, the Chinese film and television industry has come to a standstill as everyone restructures their deals to comply with the country’s tax laws.

Speaking of China, Hollywood’s share of the country’s box office for the year is off by roughly $500 million and we wonder why. Back in North America, September grosses nearly set an all time record and October is off to a great start.

Of course we also cover the week’s top entertainment headlines including how Apple is stumbling its way into original TV programming, the RIAA diversifies and Bill Cosby heads to jail.

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Showbiz Sandbox 425: Ticketmaster Gets Caught Abusing Its Market Domination

When Live Nation and Ticketmaster merged eight years ago it was openly feared that the combined companies would run roughshod over the industry and consumers alike. While there has been speculation about some of the shenanigans Ticketmaster has been up to since then, we now have conclusive proof that the ticketing juggernaut is manipulating the market and working with resellers in the secondary market in order to collect additional fees. They’ve even developed a software tool for just such a purpose.

The United States Senate, meanwhile, passed the Music Modernization Act. It creates a blanket mechanical license which allows for songwriters and artists receive royalties for streaming. It also fixes the problem of receiving royalties for works created before 1972 and includes producers in the new scheme. We’ll take a look a the new bill and explain what it all means.

Speaking of music, a new report indicates that industry revenue in North America is up slightly during the first half of 2018, just as Spotify makes it even easier for independent artists to post their music directly to the streaming service. Does that make Spotify a record label?

Of course we also cover the week’s top entertainment headlines including Kelly Clarkson gets a new daytime talk show, Comcast beats Disney in an auction for Sky in the United Kingdom and singer Sam Smith loses his voice just before going on stage.

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Showbiz Sandbox 424: Talking Telluride, Toronto and Emmys with Indiewire’s Anne Thompson

Every September the annual awards season begins to take shape at three major film festivals; Venice, Telluride and Toronto. Anne Thompson, Indiewire’s editor at large, was at the latter two and she joins us to explain how this year’s Oscars race looks like it will be filled with a bounty of great movies, including one from director Alfonso Cuaron, which is looking for a way to overcome the stigma of being released by Netflix.

Speaking of awards, the timing works out to have Thompson also give us her thoughts on the recent Emmy Awards, honoring the best and brightest prime time television series from the past year.

Meanwhile, the European Union passed reforms to copyright law that have proven to be contentious given that it could mean big changes for tech platforms such as Google, Youtube and others. Content owners, on the other hand, are delighted with the outcome.

Of course we also cover the week’s top entertainment headlines including Time magazine gets another new owner, Spotify allows users to download more music and Paul McCartney enjoys his first #1 debut for his latest album.

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