Showbiz Sandbox 427: Debating This Year’s Rock & Roll Hall of Fame Nominees
October 15, 2018
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
October 8, 2018
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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