Showbiz Sandbox 482: Entertainment Industry Facing Coronavirus Challenge
February 24, 2020
For the past four weeks the Chinese government has mandated that all of its cinemas remain closed in hopes of preventing further spread of the Coronavirus, also known as COVID-19. Not that anyone would actually show up even if movie theaters were open since a majority of China’s population are avoiding public venues and gatherings. Having the second largest movie market in the world out of business for so long will surely affect the global box office, not to mention release dates.
As the Coronavirus reaches other countries and turns into a full-blown pandemic, cinemas in Northern Italy are shutting their doors in the wake of infestations and the popular Korean boy band BTS moved a press conference for its upcoming album to an online only event, rather than meet journalists in-person.
In the United States, the popular indie-cinema chain Alamo Drafthouse launched its own long-awaited subscription plan. We debate the merits of Alamo’s new program and what theater operators need to consider when adopting such a scheme.
Of course we also cover the week’s top entertainment headlines including soaring occupancy rates for Broadway productions, the United Kingdom embraces streaming in earnest and HBO Max will launch with a reunion of “Friends.”
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Showbiz Sandbox 481: Catty Jokes At Oscars Spur Backlash
February 17, 2020
When James Corden and Rebel Wilson strutted onto the Oscar stage dressed as characters from the film adaptation of the Broadway musical “Cats” it garnered sincere laughter from the audience. However, the duo went on to mock the visual effects of the film which they happened to star in, generating a bit of fallout. Turns out there’s a real life sad ending to the story.
Fresh off it’s Oscar win for Best Picture, “Parasite” soared at the box office. Does the film’s success, not to mention the explosive popularity of international TV shows on Netflix, mean audiences in the United States will finally catch up with the rest of the world and embrace subtitles?
Of course we also cover the week’s top entertainment headlines including the controversy over this year’s Cesar Awards in France, the streaming company Roku continues to grow and satellite radio giant Sirius XM invests in SoundCloud.
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Showbiz Sandbox 480: “Parasite” Infects the Oscars With Historic Win
February 10, 2020
Though many Academy Awards pundits believed that “1917” would win the Oscar for Best Picture, the prize went to filmmaker Bong Joon-ho’s “Parasite.” Anne Thompson of Indiewire joins us to explain how the industry united behind the South Korean film, giving it four top Oscars, in a historic win; the first foreign language film to ever win the Best Picture Oscar.
Surely none of the Oscar winners will be getting a bump at the box office in China, even if they managed to get a release date. Movie theaters have been closed for the past three weeks due to a coronavirus which has completely upended which films will get into cinemas and when in a tight calendar they’ll reach audiences.
Meanwhile, the WGA overwhelmingly approved their demands for the upcoming contract talks with producers and studios. The existing contract is set to expire in the middle of this year and just about everyone in Hollywood is expecting and gearing up for another writers’ strike.
Of course we also cover the week’s top entertainment headlines including why manufacturing vinyl records might get a lot harder, how YouTube is raking in revenue and Disney plans on bringing the Broadway musical “Hamilton” to movie theaters.
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Showbiz Sandbox 479: Are Streamers Ruining Sundance?
February 2, 2020
About every five years a new group of deep-pocketed players shows up at the Sundance Film Festival and spends a small fortune acquiring a handful of films causing fear that the industry has been forever changed. This year, some of the world’s largest media and tech companies have invaded Park City, Utah and are picking up movies for amounts far in excess of what makes fiscal sense or what theatrical distributors are willing to pay.
Such companies don’t have to worry about box office results because they are more concerned with a different metric; the number of subscribers they can attract to their streaming service. Now some industry veterans are worried about whether indie distributors will be able to stay afloat with the leftover titles the streaming giants don’t gobble up.
Meanwhile, in China the film industry is down for the count with cinemas shuttered for the second week in a row due to the rapid spread of a coronavirus. Flights to and from the country have been suspended, as has all film and television production. When movie theaters finally do open for business the ripple effect on the Chinese release schedule will be felt around the world as films jockey for new playdates.
Of course we also cover the week’s top entertainment headlines including this year’s BAFTA award winners, Apple and Netflix may be chasing MGM’s film library and MoviePass officially files for bankruptcy.
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Showbiz Sandbox 478: Setting Records at Sundance and the Grammys
January 27, 2020
With the Winter Olympics causing an abbreviated and frantic awards season, the film took a brief respite from Oscar-talk to head to Park City, Utah for this year’s Sundance Film Festival. We give you an update on all the hot titles and buzz being generated at this year’s festival, including a record breaking price for a Sundance film.
Meanwhile, the Grammys were held under a scandalous cloud due to the fallout from the Recording Academy dismissing its top exec, Deborah Dugan. The evening belonged to 18-year-old Billie Eilish who became the youngest person to win four of the top awards at the event including Best Pop Vocal Album, Best New Artist, Record of the Year, Song of the Year and Album of the Year.
In China, the Chinese New Year usually marks the highest grossing week on the calendar, however not this year. A highly contagious virus caused the government to quarantine large cities and the country’s cinema chains shuttered out of precaution leading to a loss of hundreds of millions yuan.
Of course we also cover the week’s top entertainment headlines including why country radio stations won’t play female artists, more talent agencies sign on to the Writers Guild code of conduct, and Netflix continues to gain subscribers.
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Showbiz Sandbox 477: The Recording Academy Upstages Itself During Grammy Week
January 21, 2020
Even before this year’s Grammys are handed out next Sunday the Recording Academy is making headlines, not necessarily in a good way. In a controversial move, the organization put its CEO Deborah Dugan on administrative leave after less than six months on the job, citing reports of alleged misconduct. However, this came after Dugan sent a memo to the academy’s board highlighting voting irregularities, financial mismanagement, exorbitant legal bills as well as conflicts of interest with the organization’s board members, executive committee and outside lawyers.
It will take some time to sort out what is actually going on within the Recording Academy’s executive ranks, though we should know who takes home the Album of the Year Grammy by next week. If the academy plays it safe, it just might be Vampire Weekend, but we think Lizzo should be a frontrunner.
Meanwhile, Chinese New Year is upon us, the biggest movie-going week in the Middle Kingdom. As usual the country has blacked out Hollywood film releases to help bolster attendance of homegrown movies. Yet this may not even be necessary since lately domestic titles are doing better than imported content.
Of course we also cover the week’s top entertainment headlines including this year’s Rock and Roll Hall of Fame inductees, Netflix plans to spend billions on content and why we might be headed for another writers strike.
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Showbiz Sandbox 476: Four Movies Top This Years Oscar Nominations
January 14, 2020
When the nominations for the 92nd Annual Academy Awards were announced on Monday morning, for the first time in history four films wound up earning ten or more nods; “1917,” “The Irishman,” “Joker,” and “Once Upon a Time… in Hollywood.” While the media will focus on who was snubbed or the lack of diversity among nominees, the real story is just how wide open this year’s highly competitive Oscar race truly is.
Will this be the year that Netflix wins a Best Picture trophy? They wound up earning more total nominations than any other studio (or streamer). As well, a record 62 women received nominations, though filmmaker Greta Gerwig was overlooked as a director for “Little Women”.
Meanwhile, as CES wrapped up in Las Vegas last week a new standard could make televisions a lot friendlier when it comes to showing movies. And Jeffrey Katzenberg showed up to tout his new short-form video streaming service.
Of course we also cover the week’s top entertainment headlines including “Hamilton” closes in Chicago after earning $400 million, some drama in the romance literary world and streaming music hits an all time high.
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Showbiz Sandbox 475: Broadway Attendance Was Up and Box Office Was (Slightly) Down in 2019
January 6, 2020
Broadway produced its second highest grossing year in history during 2019, earning $1.7 billion, just 3% down from the year before. The season still managed to set a record for attendance, selling more tickets than any other season in modern history. Indeed, during the last decade attendance at Broadway shows was up 20% as ticket prices rose a whopping 70%.
Speaking of financial figures, the worldwide movie box office numbers are still being finalized for last year but it looks as if France and China may have set new records. So did Disney, whose movies grossed $11.1 billion globally, accounting for 33% of North America’s ticket sales.
Meanwhile, the Hollywood Foreign Press Association lent their voices to this year’s awards season by handing out their Golden Globes for achievement in film and television. Despite a few unexpected winners there was no indication there choices will hold sway of the Oscars in February.
Of course we also cover the week’s top entertainment headlines including why the Kingdom of Jordan is banning a movie it helped fund, the Coachella Music Festival announces this year’s lineup and some popular works enter the public domain.
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