Showbiz Sandbox 408: CinemaCon Shrugs Off Unwanted Disruptions

Movie theater owners from around the world descended upon Las Vegas for CinemaCon last week. Studios wooed exhibitors with clips from upcoming film releases while industry manufacturers lured attendees with the latest technology, including high-resolution LED screens as a method of showing movies to the masses. Much like the subscription service MoviePass, the screens left cinema operators wondering if they were just one more “innovation” nobody had asked for.

Meanwhile “Avengers: Infinity War” broke box office records both in North America and globally when it opened over the weekend. The latest Marvel superhero movie earned over $640 million in just three days, putting it on track to pass the billion dollar mark.

Speaking of “war,” one is brewing between the Writers Guild of America and talent agencies. The WGA wants to cancel their current agency agreements and rewrite them to prevent franchised agents from profiting off of packaging deals with television networks. Such arrangements currently allow agents to double dip and at times earn more than their clients for a project.

Of course we also cover the week’s top entertainment news including Steven Spielberg signing on to direct the movie adaptation of DC Comic’s “Blackhawk,” the next “Star Trek” film lands a female director and Bill Cosby is found guilty of sexual assault.

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Showbiz Sandbox 407: Beyoncé Delivers A Higher Education To Coachella

Though Beyoncé was unable to headline Coachella last year due to being pregnant with twins, she more than made up for it this year with a performance that music critics are rightly hailing as the best live music event in decades. In a two hour set that included more than 100 performers from dancers to musicians, even a full marching band, Beyoncé put on a spectacular show that managed to be technically brilliant as well as socially relevant to the times. We were there and provide first hand reporting from this year’s Coachella.

Another festival making news is Cannes, which announced the films in this year’s competition, leaving out many of the event’s favorite auteurs. The festival also parted ways with Netflix, not inviting films produced by the streaming giant since they won’t be released in movie theaters.

Speaking of Netflix, a shareholder has sued the company for what they allege to a scheme which assured senior management and board members performance bonuses. The complaint accuses Netflix of using the performance bonuses to avoid paying taxes, rather than for any actual performance gains.

Of course we also cover the week’s top entertainment news including the kurfuffle over Apu, an Indian character on “The Simpsons,” Kendrick Lamar wins a Pulitzer Prize for his latest album and Fleetwood Mac parts ways with its longstanding guitarist Lindsey Buckingham.

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Showbiz Sandbox 406: Is Live Nation Bullying the Music Industry?

The merger of concert promoter Live Nation and ticketing giant Ticketmaster was supposed to increase competition, stabilize the price of live events and lower the cost of ticketing fees. Nine years later the deal has achieved none of those results. In fact, there are now reports that the Justice Department has opened an antitrust investigation on Live Nation. Who could have ever predicted that would happen when the merger was first proposed? Oh yes, that’s right… everyone (including us)!

As the recorded music industry slowly scratches it’s way back to 2008 revenue levels, one of the companies instrumental in the upswing is looking to cash in. More specifically, investors in Spotify are looking to reap the rewards of their ownership stake in Spotify, the streaming music giant, as it goes public. That begs the question however, do record labels with a piece of the company now have an incentive to give Spotify better terms? And where does that leave artists?

Meanwhile, the MPAA announced global box office reached a record high of $40.6 billion in 2017. North America contributed $11 billion to the total, a level reached mostly through increased ticket prices since attendance was at a 23 year low.

Of course we also cover the week’s top entertainment news including some of the changes taking place at this year’s Cannes Film Festival, Bruce Springsteen extends his stay on Broadway and online piracy continues to grow.

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