Showbiz Sandbox 428: Why Everyone Is Raving About “Red Dead Redemption 2”
November 5, 2018
While there may still be some debate over whether video games are works of art, there is no doubting their earning potential. This was proven yet again when the game “Red Dead Redemption 2” earned a whopping $725 million in global retail sales after its first three days. And with glowing reviews haling it as a new gold standard for video games, and online components yet to be released, it’s poised to rake in much more.
Meanwhile, theatrical box office in North America is also looking profitable. In fact, 2018 may end with record setting grosses (if not attendance), and it’s all due to Hollywood releasing blockbuster movies outside the usual summer and holiday season.
In China, movie stars continue to fess up to how much money they have avoided paying taxes on. The latest is Chow Yun Fat who took his cue from the government and decided now was a good time to announce he’d be giving away his fortune, estimated at more than $700 million.
Of course we also cover the week’s top entertainment headlines including why Rihanna turned down the Super Bowl halftime show, Drake topples another Billboard chart record and why Broadway is skewing a little younger.
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Showbiz Sandbox 427: Debating This Year’s Rock & Roll Hall of Fame Nominees
October 15, 2018
The Rock & Roll Hall of Fame in Cleveland, Ohio announced next year’s nominees for induction into it’s prestigious institution, setting off the annual bickering over who should or shouldn’t get in. Is the British heavy metal band Def Leppard more deserving than the gothic rock darlings The Cure? Bands such as Roxy Music and Radiohead with their lengthy history seem like no-brainers, but what about popular acts like Rage Against the Machine who only ever released four albums? We take an educated and opinionated guess on which nominees we think should make the cut.
In China, box office began to slow down considerably in August for the same reason grosses decline in other parts of the world; a lack of hit movies. It doesn’t help that subsidies from online ticketing platforms are now being blocked by the government, as is the practice of distributors buying bulk tickets to their own films to boost box office.
Meanwhile, the rush by every media company on the planet to launch their own streaming platform has created an environment where consumers might begin to push back against having to pay for so many subscription services. WarnerMedia is the latest to announce plans for a streaming play.
Of course we also cover the week’s top entertainment headlines including the nominees for the National Book Award, guitarist Lindsey Buckingham sues Fleetwood Mac and a new television series will depict the formation hip hop legends Wu Tang Clan.
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Showbiz Sandbox 426: China Gets A Tighter Grip On Its Entertainment Industry
October 8, 2018
When movie star Fan Bingbing went missing in June there was little doubt that the Chinese government had her in custody for tax evasion. Confirmation came this week when the actress resurfaced, apologizing to the country and begging for “everyone’s forgiveness!”. Chinese authorities have announced Fan will pay at least $70 million in back taxes or face criminal prosecution.
The episode has shined a spotlight on the use of what are known in China as “yin-yang contracts,” wherein two different contracts for different amounts are used; one with the full value of the contract and one with a lower value used with tax agencies. Now that the government seems to have taken notice, the Chinese film and television industry has come to a standstill as everyone restructures their deals to comply with the country’s tax laws.
Speaking of China, Hollywood’s share of the country’s box office for the year is off by roughly $500 million and we wonder why. Back in North America, September grosses nearly set an all time record and October is off to a great start.
Of course we also cover the week’s top entertainment headlines including how Apple is stumbling its way into original TV programming, the RIAA diversifies and Bill Cosby heads to jail.
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Showbiz Sandbox 424: Talking Telluride, Toronto and Emmys with Indiewire’s Anne Thompson
September 18, 2018
Every September the annual awards season begins to take shape at three major film festivals; Venice, Telluride and Toronto. Anne Thompson, Indiewire’s editor at large, was at the latter two and she joins us to explain how this year’s Oscars race looks like it will be filled with a bounty of great movies, including one from director Alfonso Cuaron, which is looking for a way to overcome the stigma of being released by Netflix.
Speaking of awards, the timing works out to have Thompson also give us her thoughts on the recent Emmy Awards, honoring the best and brightest prime time television series from the past year.
Meanwhile, the European Union passed reforms to copyright law that have proven to be contentious given that it could mean big changes for tech platforms such as Google, Youtube and others. Content owners, on the other hand, are delighted with the outcome.
Of course we also cover the week’s top entertainment headlines including Time magazine gets another new owner, Spotify allows users to download more music and Paul McCartney enjoys his first #1 debut for his latest album.
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Showbiz Sandbox 422: Hollywood Ponders Second Chances In #MeToo Era
September 4, 2018
Nearly a year after Hollywood was rocked by a wave of sexual misconduct allegations some of those who have been accused of, and in some cases admitted to, transgressions are looking to make a comeback. This is forcing the industry to figure out if and when certain entertainers and executives deserve a second chance. There are no rules about how to handle #MeToo redemption.
Take the case of comedian Louis C.K. whose career imploded after admitting to years of sexual misconduct last November. When he turned up for an unannounced 15-minute set at the Comedy Cellar in New York last week, the response to his first public appearance was a standing ovation from those in attendance, but protest from others who think it’s too soon for C.K. to be making a return.
Meanwhile, after one of the worst summer box office seasons in over a decade in 2017, this summer’s receipts saw an uptick in North America of 14%. China too has seen its box office increase 16% since the beginning of the year. Unfortunately for Hollywood imports actually dropped by 18%.
Of course we also cover the week’s top entertainment news including how Johnny Depp’s lawsuit against his former lawyer could end the practice of oral contracts throughout the industry, Lana Del Rey pulls out of a concert in Israel and the emergence of 8K televisions.
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Showbiz Sandbox 420: A Closer Look at the Current State of the Publishing Industry
August 20, 2018
When we talk about the publishing industry, we are usually looking at the trade market. Those are the books sold in bookstores, like the latest Stephen King title. But the publishing industry is made up of more than just trade. For instance, there’s also the education market like college and high school textbooks. While trade publishing has modestly righted itself revenue-wise over the past few years, all these other segments are down in sales, sometimes considerably.
Meanwhile an entire week has gone by without MoviePass changing the terms and conditions of its cinema-going subscription plans. Even so, the company’s investors are not happy and are suing the owners for tanking the stock.
We’ll also take a closer look at the music industry paper published by Citigroup last week. A lot of industry players have very convincing reasons why the way the report calculates its revenue and statistics is all wrong.
Of course we also cover the week’s top entertainment news including how Conan O’Brien is trimming his nightly talk show to a half-hour, Sony Music will distribute the earnings from its Spotify investment to artists and the streaming television series that has hundreds of millions of viewers in China.
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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 417: On-Demand Surpasses Live TV Viewing
July 23, 2018
It seems as if we’ve been talking for a decade or more about how television viewing patterns are shifting. Audiences have eschewed live broadcasts for on-demand programming and in the United Kingdom, more households now subscribe to streaming services than traditional pay TV. Maybe that’s why niche sports like arm wrestling, archery and bull riding are all conducting their own streaming experiments.
In China, parents are requesting the government set up a ratings system for movies so they know what releases are appropriate for their children. Meanwhile, a new report claims of the 271 local movies released in China this year only 12 have made a profit.
And in the United Kingdom book sales were up last year which is good news for publishers. Unfortunately, authors didn’t see much in the way of a bump in pay. In fact, as the publishing industry’s profits rise, author’s incomes have declined to record lows.
Of course we also cover the week’s top entertainment news including why Hollywood is so stressed out lately, the “Rugrats” movie and why Disney fired the director of their “Guardians of the Galaxy” franchise.
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Showbiz Sandbox 415: Along With Box Office, Movie Star Salaries Are On The Rise In China
July 9, 2018
We’ve been told for years now that the theatrical box office in China will ultimately surpass that of North America, probably by 2017… or 2018, or definitely by 2020. But higher grosses have pushed the salaries for the country’s most sought after movie stars to astronomical proportions, something frowned upon in China. In fact, the Chinese government has now stepped in with a new set of regulations capping the salaries paid to talent on movies and television shows and have begun to scrutinize contracts more closely.
On the other hand, The Grammys have decided bigger is better. The Grammys are following the lead of most major awards and expanding its top categories. Instead of announcing the Best Five Album Of The Year nominees, they’ll be announcing eight. The same goes for Best Record and Best Song and Best New Artist. All other categories remain the same.
Meanwhile the group that votes on each year’s most coveted movie awards just got a little bigger. The Academy of Motion Pictures Arts & Sciences invited a record 928 people to their club with half the invites going to women and 38% to people of color.
Of course we also cover the week’s top entertainment news including how Spotify hopes to earn revenue by selling movie tickets, credible rumors about new “Star Trek” series and MoviePass officially adopts surge pricing.
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