Showbiz Sandbox 221: Sundance Returns To Its Indie Roots (Again)
January 20, 2014
Celebrities, filmmakers and industry executives are in the midst of their annual pilgrimage to Park City, Utah for the Sundance Film Festival. Thanks to digital technology it’s never been easier to make or distribute a low budget film. This has led to a glut of indie productions looking for audiences and no way to know which are worth watching.
This year’s Sundance began the day Oscar nominations were handed out and the festival’s founder was overlooked for his critically praised performance in “All Is Lost”. (Awkward). With nine films competing for Best Picture, and guild awards not being hounded out to consistent winners, it looks as if this will be one of the closest Oscar races in recent memory.
Meanwhile, an appeals court ruling may have finally killed Net Neutrality, much to the joy of Internet service providers everywhere. This means the cost of streaming online music and video may soon rise significantly.
Of course, we also cover the week’s top entertainment news stories including a Broadway bound musical adaptation of Disney’s “Frozen”, the declining appeal (and ratings) of “American Idol” and the most popular show on daytime television.
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Showbiz Sandbox 220: Content Owners Can’t Afford Your New 4K Ultra HD Television
January 13, 2014
Last week at the Consumer Electronics Show in Las Vegas manufacturers stirred up a lot of buzz around 4K Ultra HD television sets. The proven and tested technology promises resolution four times greater than current high definition monitors. The biggest hurdle the industry must overcome for Ultra HD to work are the economics, specifically the high cost of delivering 4K content.
For those consumers who have given up on cable and broadcast television, commonly referred to as “cord-cutters”, the good news is they will now be able to watch wrestling via streaming video thanks to the WWE’s new online only network. However, the United States Supreme Court will decide whether they can continue using Aereo to stream local broadcast channels.
Meanwhile, this year’s awards season continues to chug along as the Golden Globes are handed out and the Director’s Guild of America announced their nominations.
Of course, we also cover the week’s top entertainment news stories including why Britney Spears and Miley Cyrus are too sexy for France, the demographics of last year’s Broadway ticket sales and whether a movie critic’s tweets can be used in advertisements.
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Showbiz Sandbox 219: The Business of Show Was Profitable In 2013
January 6, 2014
Almost every sector of the entertainment industry saw record grosses during 2013. North American movie ticket sales reached a record $10.9 billion. Television audiences are tuning in to more shows than ever, especially sporting events. The top 20 concert tours made a whopping $2.43 billion. It all helped contribute to the bottom lines of many entertainment companies causing their stock prices to end the year on a high note.
The only category in which revenue declined was the music. Even sales of digital music declined for the first time since iTunes was launched back in 2003. Album sales were down 8.4% overall and some industry insiders concede this might be due to streaming services such as Pandora and Spotify.
And financial numbers aren’t the only ones increasing in entertainment. So are the sizes of televisions. They’re not only getting bigger, but the consumer electronics industry is pushing Ultra HD with 4K resolution, which is twice that of current HD televisions.
Of course, we also cover the week’s top entertainment news stories including the death of singer Phil Everly, the expansion and increased usage of UltraViolet and the manufactured controversy behind Martin Scorsese’s latest film, “The Wolf of Wall Street”.
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Showbiz Sandbox 218: Reports of Hollywood’s Demise Are Greatly Exaggerated
December 23, 2013
Beating up on the film business seems to be all the rage lately, as witnessed by the New York Times recently suggesting the industry was in “survival mode”. Yet the worldwide box office is about to break another all-time record and home video revenue actually went up in 2012. With grosses rising in several sectors, including television, why is there still a debate over the health of the business?
Speaking of debates, just about everyone this past week seemed to have an opinion about the controversial comments made by Phil Robertson, the 67-year-old patriarch of the family that runs the Louisiana hunting supply company depicted in the A&E reality series “Duck Dynasty”. Was the network too quick in their response by suspending Robertson?
Amazon and Target also acted quickly this past week when they announced they would not be selling physical copies of Beyoncé’s latest album after, in a surprise move just days before, she released it exclusively on iTunes.
Of course, we also cover the week’s top entertainment news stories including the end of Katie Couric’s daytime talk show, Shia LaBeouf’s plagiarism and how talent agencies are relying on sports to grow their business.
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Showbiz Sandbox 217: In Hollywood You’re Nobody Till Somebody Sues You
December 17, 2013
The entertainment industry is marking the end of 2013 with a flurry of lawsuits all having to do, one way or another, with profit participation. Moguls Harvey and Bob Weinstein have filed suit against Warner Bros. over profits from sequels to “The Hobbit”, a property they originally owned. Then there’s the fired creator of “The Walking Dead” who is suing AMC claiming the network owes him tens of millions of dollars for the hit television series.
Filmmaker James Cameron is no stranger to legal battles since he is constantly having to fend off plagiarism lawsuits. Last week the director said he struck a tax deal with New Zealand to film not one, but three “Avatar” sequels in the country.
Golden Globe nominations were announced last week helping solidify awards season frontrunners such as “12 Years A Slave”, “American Hustle” and “Gravity” among others. Keep in mind, only about 90 international entertainment journalists get to nominate and vote for the Globes.
Of course, we also cover the week’s top entertainment news stories including the new additions to the National Film Registry, the new members of the Rock and Roll Hall of Fame, and how Beyoncé surprised fans with a new album.
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Showbiz Sandbox 216: Last Year’s Unknowns May Be Next Year’s Grammy Winners
December 9, 2013
When the Grammy Award nominations for 2014 were announced last week, they were filled with names of artists and musicians who at this time last year few had ever heard of. One hasn’t even graduated from high school yet. Lorde, country singer-songwriter Kacey Musgraves and the rapper-producer duo Macklemore & Ryan Lewis rose to stardom on a wave of self-distribution, YouTube and social media.
Accolades are also being handed out for some of the year’s best movies. There’s only one problem; nobody can agree on which films to award. One critics group was so divided over Best Picture that it led to a tie for two different movies.
Meanwhile, producer Jerry Bruckhiemer’s year will be ending on an up note. Though he might be on the outs with Disney after the disappointing performance of “The Lone Ranger”, the mega-producer announced a new first-look deal with Paramount Pictures.
Of course, we also cover the week’s top entertainment news stories including Indiana Jones heads to Disney for a reboot, Billy Joel takes up residency at Madison Square Garden and television audiences tune-in en masse for a live performance of “The Sound of Music”.
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Showbiz Sandbox 215: How Many Music Streaming Services Does It Take To Make A Profit?
December 2, 2013
Just when you thought the online music streaming space couldn’t get any more crowded or competitive, along comes Deezer. The French company already boasts 5 million paying subscribers in 80 countries and now plans to launch in the United States, where Spotify and Pandora are the market leaders. However, none of these companies are actually profitable, which may be why services like Rdio went through a round of layoffs in November and Turtable.fm is shuttering.
Profitability seems to be an issue for Sony Pictures too. The movie studio lost $181 million last quarter leading to the announcement of significant cost cutting measures in the wake of some summer box office duds.
Disappointing earnings and a declining subscriber base are also a problem at Time Warner Cable. As telcos and satellite providers continue to erode their market share, rumors have begun swirling that the second largest cable operator in North America might be acquired by one or more of its competitors, including Comcast.
Of course, we also cover the week’s top entertainment news stories including the Thanksgiving weekend’s record breaking box office, “Spider-Man: Turn Off The Dark” lowers the curtains on its Broadway run and the mediocre sales figures of Lady Gaga’s latest album.
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Showbiz Sandbox 214: Go Big Or Go Home – Why Big Budget Blockbusters Are The Safest Bet In Entertainment
November 18, 2013
Over the past year filmmakers from Steven Spielberg to Steven Soderbergh have lamented over Hollywood’s love affair with expensive tentpole releases. However, according to Harvard Business School professor Anita Elberse the entertainment industry is obsessed with blockbusters because they work. She explains why in a wide ranging interview about her new book on the subject, “Blockbusters: Hit-Making, Risk-Taking, and the Big Business of Entertainment”.
Not only are the number of big budget films studios churn out on the rise, apparently so is the level gun violence in hit titles. After studying 945 movies released from 1950 to the present day, researchers discovered gun violence portrayed in movies more than doubled during the time frame.
Meanwhile, in the television world most have forgotten about daytime soap operas. That hasn’t kept companies like Prospect Park from trying to keep shows such as “One Life To Live” and “All My Children” alive online. Unfortunately, they don’t seem to be getting any help from the network that originally aired the soaps and are now going to court over the matter.
Of course, we also cover the week’s top entertainment news stories including a movie for Monster High dolls, a new HBO show for John Oliver, pricy reruns for “The Simpsons” and a new manager for the rock band U2.
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Showbiz Sandbox 213: Has Thor Brought The Hammer Down On 3D Movies?
November 11, 2013
There is no disputing the financial success of “Thor: The Dark World”, a sequel in the franchise based on the Marvel Comics superhero. What’s less clear is what the film’s box office grosses say about the adoption of 3D. During opening weekend 700 2D screens in North America accounted for 60% of tickets sales, as opposed to the 40% earned by 3,100 3D screens. Is this yet another sign audiences have given up on 3D movies?
Netflix doesn’t care how you see a superhero movie, so long as you’re watching it through their service. Last week the on-demand video powerhouse cut a deal with Disney to produce four new original series based on Marvel superheroes, all of which will lead up to a crossover miniseries.
As if competing with Netflix wasn’t bad enough, television broadcasters are still figuring out how to deal with DVRs and the growing number of audiences who time shift their content. One major broadcast network is pushing for advertisers to pay for increased viewership on DVRs for up to seven days after a show originally airs.
Of course, we also cover the week’s top entertainment news stories including the death of Blockbuster Video, the official release date for “Star Wars: Episode VII” and Richard Branson brings reality television into space.
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Showbiz Sandbox 212: Should There Be An Oscar For Casting Directors?
November 4, 2013
Last week Woody Allen wrote an “open letter” to the film industry pointing out that casting is the only single card credit at the beginning of a movie which is not honored by the Academy Awards. Like many before him, the filmmaker argued casting directors are crucial to any good movie, especially his. Should the Oscars consider adding a category for casting directors to recognize them alongside editors, cinematographers and other craftspeople?
Meanwhile, a film that hasn’t started the casting process in earnest is “Star Wars: Episode VII”. The movie doesn’t even have a script yet, which is why its filmmakers have been trying to convince Disney to push its release date back a year to 2016.
In the television world there was bad news for Time Warner Cable last week. Their dispute with CBS which led to a month-long blackout of the network cost the company over 300,000 subscribers. This likely means other cable providers will be afraid to pick fights with broadcasters over the rising cost of programming. Digital rights, however, are an entirely different battle.
Of course, we also cover the week’s top entertainment news stories including why “slow TV” is such a hit in Norway, the rising cost of the “Hunger Games” franchise and the Jonas Brothers officially call it quits.
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