Showbiz Sandbox 588: Keeping Track of Ever-Shifting Streaming Strategies
July 5, 2022
Though the entertainment industry may be infatuated infatuated with streaming, the legacy media companies behind all the new subscription services haven’t quite found the right way to profit from them. NBC/Universal earned nearly a billion dollars in committed ad revenue with Peacock this year, causing them to take a hard look at all of their low-rated cable channels. And HBO Max is thinking twice about producing original programming in countries like Turkey and Sweden.
Meanwhile, the “Minions: The Rise Of Gru” is the lates blockbuster release that is proving the box office is back for everyone, even families. The worldwide gross of “Top Gun: Maverick” continues to soar, but will Paramount leave it in theatres long enough to fully capitalize.
Of course we also cover the week’s top entertainment headlines including the Creative Artists Agency completes its acquisition of rival ICM, Disney renews CEO Bob Chapek and Alec Baldwin commiserates with Woody Allen.
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‘Minions: The Rise Of Gru’ Boogies To $202M WW As ‘Top Gun: Maverick’ Flies By $1.1B & ‘Jurassic World Dominion’ Rumbles Past $800M
https://deadline.com/2022/07/minions-the-rise-of-gru-top-gun-maverick-jurassic-world-dominion-global-international-box-office-1235057475/
‘Minions: The Rise of Gru’ Breaks July 4th Box Office Record With $125 Million 4-Day Opening
https://www.thewrap.com/minions-fourth-of-july-box-office/
Baz Luhrmann Expanding ‘Australia’ Into Six-Episode Director’s Cut ‘Faraway Downs’
https://variety.com/2022/film/news/baz-luhrmann-australia-six-episode-hulu-series-faraway-downs-nicole-kidman-hugh-jackman-1235304986/
R. Kelly Sentenced to 30 Years in New York Sex Trafficking Conviction
https://www.billboard.com/business/legal/r-kelly-sentenced-sex-trafficking-conviction-racketeering-1235108165/
‘Stranger Things 4’ Sets Nielsen Streaming Record
https://www.hollywoodreporter.com/tv/tv-news/stranger-things-4-all-time-nielsen-streaming-high-1235174960/
US Newspapers Continuing to Die at Rate of 2 Each Week
https://apnews.com/article/journalism-united-states-39ef84c1131267233768bbb4dcaa181b
Disney Board Votes to Renew CEO Bob Chapek’s Contract
https://www.wsj.com/articles/disney-board-votes-to-renew-ceo-bob-chapeks-contract-11656448976
CAA-ICM Merger to Result in 105 Layoffs
https://variety.com/2022/tv/news/caa-icm-layoffs-merger-1235305136/
Olympic Channel’s 5-Year Run on NBCU Ends
https://frontofficesports.com/olympic-channels-5-year-run-on-nbcu-ends/
HBO Max Halts Originals in Parts of Europe in Major Restructure
https://variety.com/2022/tv/global/hbo-max-europe-originals-development-1235308730/
Gregory Jein, ‘Star Trek’ Model Maker and Two-Time Oscar Nominee, Dies at 76
https://www.hollywoodreporter.com/movies/movie-news/gregory-jein-dead-star-trek-model-maker-1235173622/
Influential Theater Director Peter Brook Dies at 97
https://variety.com/2022/legit/global/peter-brook-dead-dies-theater-1235308495/
Tommy Morgan, Harmonica Soloist for ‘Dances With Wolves,’ ‘Roots’ and Hundreds More Film and TV Scores, Dies at 89
https://variety.com/2022/music/news/tommy-morgan-dead-roots-dances-with-wolves-harmonica-1235308409/
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