Showbiz Sandbox 641: Red Sea Film Festival Highlights Emerging Film Market
December 13, 2023
In its third year the Red Sea International Film Festival continues to build on its reputation for programming some of the most engaging and important movies being made in the Middle East. Held in Jeddah, Saudi Arabia, RSIFF has gone a step further by financially backing productions from the region, which until five years ago didn’t even have movie theaters.
Meanwhile, the awards season is revving up with numerous film critics societies weighing on their top movies from the past year. Plus the Golden Globes announced their nominations for next year’s ceremony.
Of course we also cover the week’s top entertainment headlines including how a 65-year-old Christmas song becomes only the third holiday tune to top the Billboard charts, bundling comes to streaming services and Disney’s Bob Iger says the ABC television network is not for sale.
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Showbiz Sandbox 630: Resurrecting Silent Films Can Be Profitable (Theoretically)
September 12, 2023
The 1923 silent film “The Spanish Dancer” starring Pola Negri is the latest restoration project being theatrically released by Milestone Film & Video, one of the key players over the past 30 years in resurrecting forgotten and neglected films. We are joined by Dennis Doros, the co-founder of Milestone, who tells us how he turned a labor of love into a viable business.
Meanwhile, unlike the carriage dispute between Disney and the cable provider Charter Communications, which was settled early this week, the writers and actors strike against Hollywood studios and networks appears to have no end in sight.
Of course we also cover the week’s top entertainment headlines including the winners of this year’s Venice Film Festival, a new artist-centric royalty scheme for music streaming and how criminals are using Spotify to launder money.
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Showbiz Sandbox 591: Live Sports Becomes the Costliest Battle of the Streaming Wars
August 30, 2022
There is no better evidence that the streaming wars are still in full swing than the news that streaming services are accounting for more viewing than cable television for the first time in history. As streaming media companies fight for market share, they have turned to live sports as a means of driving subscriber growth. However, vying with traditional networks for broadcast rights has driven the cost of live sports to record setting levels.
While there might be an audience for live sports, new data shows attendance has fallen by as much as 50% for live performances such as Broadway, opera and classical music concerts. Pop concert tours, on the other hand, have never been more successful, or more expensive.
Of course we also cover the week’s top entertainment headlines including the reason some movie stars are ditching social media for their own sanity, the second largest movie theater chain in the world may file for bankruptcy and why Mariah Carey should not become the Queen of Christmas.
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Showbiz Sandbox 584: Cannes Film Festival Showcases Industry Revival
May 31, 2022
Unlike some years, there was no frontrunner or obvious favorite to win the Palme d’Or at the 75th annual Cannes Film Festival which concluded over the weekend. Instead, the social satire “Triangle of Sadness” from Swedish filmmaker Ruben Östlund took the festival’s top prize, the second time he has won the award. We discuss the highlights and big winners from this year’s Cannes.
Meanwhile “Top Gun: Maverick,” which was shown at Cannes, finally premiered in movie theaters setting all kinds of box office records. It is far and away the biggest opening weekend its star Tom Cruise has ever had as it looks to go on and become his biggest hit.
Of course we also cover the week’s top entertainment headlines including the winner of this year’s Eurovision song contest, Justin Timberlake sells his recording catalog and politicians hope to strip Disney of its Mickey Mouse copyright.
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Showbiz Sandbox 583: The Long and Winding Road to Box Office Recovery
May 10, 2022
With each new superhero blockbuster that hits multiplexes it is clear that big well-done movies can score big at the box office. However it is a huge mistake to treat every new release as the barometer of whether cinema is back. Especially when smaller films like “Everything Everywhere All at Once” and family movies like “Sonic the Hedgehog 2” are proving just as successful in getting post-pandemic audiences back into theaters.
Meanwhile, record labels and streaming services have been fighting with music publishers over mechanical royalties for years now.
However, in a tentative deal on actual music sales, the mechanical royalty will rise more than 30% from 9.1 cents per track to 12 cents. Moving forward, the royalty will be pegged to inflation.
Of course we also cover the week’s top entertainment headlines including this year’s Tony Nominations, Dave Chappelle gets attacked on stage during a performance and a new class of Rock and Roll Hall of Fame inductees.
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Showbiz Sandbox 580: Warner Bros. Enters Its Discovery Phase
April 12, 2022
Last week Discovery closed its $43 billion deal to acquire WarnerMedia from telecom giant AT&T. Discovery topper David Zaslav immediately installed his own executive team to run Warner Bros. Discovery forcing the existing management team to head for the door. We discuss the fallout from the merger and the what the future may look like for the combined company.
One of the exiting executives was WarnerMedia CEO Jason Kilar whose infamous Project Popcorn opened all 18 Warner Bros. theatrical releases throughout 2021 day-and-date with HBO Max. Kilar claims the controversial distribution strategy was a success, but if that’s true, then why did Warner Bros. discontinue it?
Of course we also cover the week’s top entertainment headlines including the big winners at the Olivier Awards, “Dancing with the Stars” moves to Disney+ and members of the original Grateful Dead rock band will stop touring after five decades.
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Showbiz Sandbox 562: The Death of Network Television Is Greatly Exaggerated
November 16, 2021
While the entertainment industry and Wall Street may be distracted by the growth of streaming services and their subscriber numbers, senior network television executives are reminding everyone that linear TV is far from dead. In fact, according to the latest viewing metrics, more audiences are tuning into network television programs on a consistent basis than actually watch streaming content.
Meanwhile, while the fall film festival season may be dominated by events in Toronto, Telluride and Venice, there are still a number of festivals taking place that are just as noteworthy, including the AFI Fest and Doc NYC. We’ll discuss some of this year’s official selections at both of these festivals.
Of course we also cover the week’s top entertainment headlines including why a high profile director walked away from the next Star Wars movie, Peter Jackson sells his special effects toolkit and Spotify starts a new chapter in streaming.
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Showbiz Sandbox 542: TV Networks Are Upfront About Streaming Plans
May 25, 2021
Last week all the big television networks in the United States went through the old fashioned ritual of inviting advertisers to big presentations of their fall programming. Besides being virtual a lot has changed for the networks, including primetime scheduling, which is now an afterthought. Instead they emphasized streaming and the range of content available through numerous platforms including network, broadcast and their new subscription services.
Meanwhile, the global box office is revving its engines with “F9” opening to huge numbers internationally, pushing the “Fast & Furious” franchise over the $6 billion mark. Movie theaters in Europe are reopening just in time to show the movie.
Of course we also cover some of the week’s top entertainment headlines including why Amazon may purchase MGM, this year’s Eurovision contest and the return of music festivals.
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Showbiz Sandbox 516: What Went Wrong With Quibi
October 27, 2020
Quibi, the bite-sized content platform founded by media mogul Jeffrey Katzenberg and business leader Meg Whitman, has been mocked since it was first announced. Now after six months and $2 billion, Quibi is kaput. Unable to find an audience, and despite a fruitless attempt to find a buyer, Quibi is officially shutting down.
The company insists people were gunning for them from the start, but the simple truth is that Quibi always seemed like a solution in search of a problem. Besides, however good the content may have been, it was going to be very hard to convince people to plunk down $5 a month just to watch random videos while commuting.
Of course we also cover some of the week’s top entertainment headlines including Netflix misses its third quarter subscriber goal, television ratings for live sports events plummets and box office continues to soar in China and Japan.
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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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