Showbiz Sandbox 419: Best Popular Film Oscars Category Proves To Be Rather Unpopular
August 13, 2018
It may come as a surprise after the #MeToo movement but it isn’t often Hollywood unites to agree on an issue. Last week when the Academy of Motion Picture Arts and Sciences revealed they would be adding a Best Popular film category to the Oscars the response was universal and swift; everyone hates the idea. In a train wreck of an announcement about proposed changes to the awards show, the Academy appeared to cede control to the network broadcasting the ceremony.
Speaking of changes, the moviegoing subscription service MoviePass doesn’t let a week go by without instituting a new set of rules for its customers. First they were going to raise prices and limit attendance to new releases. Before they could roll those changes out, MoviePass altered its policy once again, keeping the price at $10 per month, but limiting the number of movies that can be seen to just three.
Meanwhile, music fans appear to be spending more money on music than ever before. At least according to a new report from Citigroup which says the industry is now pulling in a combined $43 billion in the United States, of which $5 billion goes to artists. Naturally, arguments over the accuracy and validity of the report are sure to follow.
Of course we also cover the week’s top entertainment news including more on Jeffrey Katzenberg’s New TV venture, the dispute over star salaries on the latest “Star Trek” and Lady Gaga heads to Las Vegas. Read more
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Showbiz Sandbox 418: Fighting For Control of His Company, CBS Head Les Moonves Is Now Fighting to Keep His Job
July 30, 2018
The challenge for CBS of fending off an unwanted merger with its parent company, Viacom, was made all the more difficult last week when the New Yorker published a story in which the broadcaster’s longtime CEO, Les Moonves, was accused of sexual misconduct by six women. The company now has to determine how to handle the allegations not only of Moonves, an influential executive who is credited with CBS’s success, but also the claim that a culture of sexual harassment exists throughout the organization.
Speaking of companies that are having chaotic weeks, MoviePass seems to be on the brink of collapse (i.e. bankruptcy). Apparently they ran out of money, borrowed $5 million to keep the lights on, changed their rules again and decided pretty much no one gets to see “Mission Impossible”.
The turmoil for some entertainment and tech companies extends beyond their own walls all the way to Wall Street where stock prices have become volatile and seem to defy any sense of logic. Shares of companies with solid profits have plumeted, while at the same time the prices for those losing money, like Spotify, have risen.
Of course we also cover the week’s top entertainment news including producer Kenya Barris’ nine-figure deal with Netflix, Jeffrey Katzenberg raises $1 billion for a new entertainment venture and “Hamilton” may soon be headed into movie theaters, but not how you might expect.
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Showbiz Sandbox 414: The MoviePass Effect Is Real and Here To Stay
June 25, 2018
The film industry can say what it wants about MoviePass, and it’s said plenty, but the subscription moviegoing service has made a huge impact on the market since lowering its price to just under $10 per month. Though skeptics abound on whether the company is financially sustainable, the subscription model it has popularized is quickly becoming a standard offering. Just last week AMC Theatres, the world’s largest cinema chain, announced its own subscription plan to compete directly with MoviePass.
Meanwhile, China is realizing that its growing movie and television industry is becoming overcrowded. With tens of thousands of film and TV companies having sprung up over the past decade and hundreds of films going unreleased each year, there is a fear that the country could be experiencing a media bubble that is about to burst.
Back in the United States, celebrities are suddenly are shocked to discover that the Fox News channel is peddling in propaganda and is not so concerned with actual news. While this may have been the case since the networks inception, creatives are now threatening to walk away from business with Fox Studios. Quick, somebody tell them that Fox Studios is about to have a new owner.
Of course we also cover the week’s top entertainment news including the above average TV ratings for World Cup matches, “Roseanne” officially gets a spinoff series and a Michael Jackson musical may soon be coming to Broadway.
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Showbiz Sandbox 412: Canceling “Roseanne” Was A No Brainer for ABC
June 4, 2018
Never before has a major broadcast network canceled a number one rated television show, let alone done so within hours of a brewing controversy sparked by one of its stars. Yet that’s exactly what happened last week when a racist tweet from Roseanne Barr caused ABC to ax the popular reboot of her eponymous hit sitcom. What’s remarkable is not only the unprecedented nature of the move, but more so the speed at which the decision was made and carried out.
Meanwhile the Tony Awards are being held next week to honor the best new Broadway productions, however there is little suspense over who will win since it’s already seen as a foregone conclusion. That’s why we look ahead to next year’s theater season and tell you which shows we’d back as investors.
And MoviePass is once again in the news, though this time it’s not for their subscription movie ticket service but rather a film they are co-distributing in North America. Turns out they may have an indie-hit on their hands.
Of course we also cover the week’s top entertainment news including why YouTube stars are so stressed out, how much Taylor Swift is raking in with her latest tour and Neil Portnow will step down as the head of the Recording Academy.
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Showbiz Sandbox 411: Everybody Has An Excuse For Lackluster “Solo”
May 28, 2018
On paper Han Solo seemed like the most obvious character for which to pursue a standalone Star Wars spinoff, however the resulting movie, “Solo,” opened to less than stellar numbers. What’s worse, the movie didn’t fly internationally either. Whether it was the film’s highly publicized production troubles or a case of franchise fatigue, everyone involved will be able to point the finger at someone else for the end result.
Meanwhile, just as Disney begins reexamining how many Star Wars films they should release in a single year, they may have to revise their offer for Twentieth Century Fox. Comcast came along last week and beat Disney’s purchase price, upping the ante to $60 billion in what would be an all-cash deal.
Production coordinators aren’t asking for that kind of money, but they are asking to be unionized. Such a move might help those who are employed in what has become an essential position on any film or television crew from having to renegotiate their fees on every new production.
Of course we also cover the week’s top entertainment news including a K-Pop band tops the billboard charts, Harvey Weinstein is charged with sexual assault and James Bond heads to Universal Pictures.
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Showbiz Sandbox 406: Is Live Nation Bullying the Music Industry?
April 9, 2018
The merger of concert promoter Live Nation and ticketing giant Ticketmaster was supposed to increase competition, stabilize the price of live events and lower the cost of ticketing fees. Nine years later the deal has achieved none of those results. In fact, there are now reports that the Justice Department has opened an antitrust investigation on Live Nation. Who could have ever predicted that would happen when the merger was first proposed? Oh yes, that’s right… everyone (including us)!
As the recorded music industry slowly scratches it’s way back to 2008 revenue levels, one of the companies instrumental in the upswing is looking to cash in. More specifically, investors in Spotify are looking to reap the rewards of their ownership stake in Spotify, the streaming music giant, as it goes public. That begs the question however, do record labels with a piece of the company now have an incentive to give Spotify better terms? And where does that leave artists?
Meanwhile, the MPAA announced global box office reached a record high of $40.6 billion in 2017. North America contributed $11 billion to the total, a level reached mostly through increased ticket prices since attendance was at a 23 year low.
Of course we also cover the week’s top entertainment news including some of the changes taking place at this year’s Cannes Film Festival, Bruce Springsteen extends his stay on Broadway and online piracy continues to grow.
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Showbiz Sandbox 393: Disney Acquisition of Fox Underscores Hollywood’s Digital Transition
December 18, 2017
In one of the largest deals Hollywood has ever seen, the Walt Disney Company announced it had agreed to buy most of 21st Century Fox in a transaction valued at $66.1 billion. Disney will scoop up Fox assets that include 20th Century Fox film and TV studios, 300 cable channels, 22 regional sports networks, control over the Hulu streaming service and a stake in Sky. Fox will keep its news, sports and broadcast networks, as well as its publishing empire.
The move underscores how movie studios have become an intellectual property business where scale matters. Rupert Murdoch feared Fox never scaled properly to compete in the age of digital on-demand consumption of content and that his company was at the peak of its value. Selling a portion of his empire also avoids a family power struggle over who would take control of the company once he steps down.
Meanwhile, the first award nominations from a guild have arrived courtesy of the Screen Actors Guild. And the Library of Congress added 25 new works to the National Film Registry, including fiction and documentaries, features and shorts. We’ll discuss what significant works they’ve enshrined.
Of course we also cover the week’s top entertainment news including the FCC officially ditches net neutrality regulation, the Rock and Roll Hall of Fame announces this year’s entries and why Norway is switching off FM radio.
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Showbiz Sandbox 384: NBC Has A Big Megyn Kelly Problem
October 16, 2017
NBC forked over millions of dollars to steal Megyn Kelly away from Fox News and then realized they had nowhere to put her. First the network gave Kelly a primetime news show opposite the ratings powerhouse 60 Minutes. When that move prove disastrous NBC shoehorned Kelly into the third hour of their hit morning program, “Today,” only to see the shows ratings plummet.
Marc Berman, the editor-in-chief of Programming Insider, joins us to analyze what went wrong with bringing Kelly to NBC, why putting a former political news anchor into a morning show was a bad fit, and what the network can do to save the “Today” show before Kelly brings down ratings any further. Berman believes if NBC doesn’t act soon, they could get lapped by the likes of CBS.
Speaking of public implosion swof media fixtures, the Harvey Weinstein scandal has moved beyond the movie mogul himself to encompass a culture of sexual harassment that pervades Hollywood. We’ll discuss a plausible idea that Hollywood could take toward ending such behavior.
Of course we also cover the week’s top entertainment news including how Spanish language network Telemundo is gaining ground on its rival Univision, why the ratings of a CW show were significantly boosted by binge viewing on Netflix and YouTube views may soon be included in determining Billboard’s weekly music charts.
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Showbiz Sandbox 380: Hollywood Gets Pummeled by Rotten Tomatoes
September 12, 2017
With North American box office declining 15 percent over last year, Hollywood suffered its worst summer box office in 20 years. One main reason, studios believe, is the popularity of the movie review aggregation website Rotten Tomatoes, which brands titles as either “fresh” or “rotten”. The site has become so influential studios now try and game the system by handpicking critics for certain releases.
Disney, on the other hand, isn’t waiting for reviews to be in on its latest Star Wars movies before tweaking them. “Episode IX” is just the latest to lose its director over creative differences with Lucasfilm, which is quickly gaining the reputation as a tough place to be a filmmaker.
Meanwhile, one of North America’s largest brick-and-mortar book retailers reports that sales are off 6% in the latest quarter as consumers shift to buying online. Don’t worry however, the company has a great plan for fixing their sales problem; open more stores.
Of course, we also cover the week’s top entertainment news including how Amazon wants to produce a hit television show, the end of an era at Vanity Fair magazine and the mystery behind who will distribute the next James Bond movie.
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Showbiz Sandbox 379: Springsteen and Swift Beat Scalpers and Fans Pay The Price
September 4, 2017
New technology from Ticketmaster is allowing the likes of Taylor Swift and Bruce Springsteen to combat scalpers and sell tickets to legitimate fans. But at what cost? Swift is asking concert-goers to pay $63 for a physical copy of her latest album to get better seats and the ticket prices for Springsteen’s Broadway residency top out at $850.
Maybe these prices are simply musicians trying to make up for the earnings they’ve lost in record sales over the past 15 years. According to a new report from Goldmany Sachs though, the music industry is poised for explosive, make that historic; no, make that unbelievable growth. And we don’t believe it.
Meanwhile, as the summer moviegoing season in North America end in a thud with box office plummeting to record lows, bring the shares of major movie theater chains down with them. But are ticket sales the real reason behind the stock sell off.
Of course, we also cover the week’s top entertainment news including how Facebook is taking on YouTube with video content, “The Simpsons” lay off their beloved composer after nearly 30 years and a study says millennials are fleeing terrestrial radio.
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