Showbiz Sandbox 373: Is the Academy’s Diversity Fix Misguided?
July 3, 2017
After a controversy that faulted the Academy of Motion Picture Arts and Sciences for being too white, too male and too old, the organization has made great strides to broaden the diversity of its membership over the past two years. During that time the Academy invited over 1,450 new members to join its hallowed ranks, many of whom were women and people of color. Yet there are now grumblings that in the rush to bring in fresh blood the Academy may have lowered its standards for membership.
Major Hollywood studios are less concerned with the Academy’s membership than they are with whether Chinese exhibitors are reporting box office correctly. The MPAA and U.S. trade organizations have forced the Chinese government to let an international firm audit ticket sales for imported films at cinemas throughout the country.
We also review a listener email which goes to great lengths in explaining why satellite radio giant SiriusXM would want to purchase a stake in the online radio streaming service Pandora. The deal is setting up a senior management showdown over the digital music pioneer’s future business model.
Of course, we also cover the week’s top entertainment news including why Adele is canceling the final two shows of her tour at Wembley, how Sony plans on pressing vinyl records again after nearly 30 years and Oscar winning actress Olivia de Havilland lets FX know she doesn’t appreciate being portrayed in “Feud” by filing a lawsuit.
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Showbiz Sandbox 372: Firing Movie Directors Has Become A Complicated Business
June 26, 2017
Hollywood history is littered with tales of filmmakers being replaced on projects in the middle of production. But when LucasFilm fired directors Phil Lord and Chris Miller from the stand-alone Han Solo project with just a few weeks before principal photography was completed, it raised a host of questions that needs to be addressed by the industry at large.
For instance, who will receive directing credit now that Ron Howard has signed on to complete the movie? And how will residuals and profit participation be handled? In an age when blockbusters are being manufactured by media conglomerates with oversight committees, the frequency with which these questions need to be answered is likely to increase.
Meanwhile, in China the government may have its own questions about where Wanda is finding all the money to acquire cinema chains such as AMC, Odeon and Hoyts, not to mention production companies such as Legendary. There are rumors that the country’s banking regulators are looking into whether all that debt financing is on the up-and-up.
Of course, we also cover the week’s top entertainment news including Time Warner’s plans to start making shows for Snapchat, “NCIS” continues to win awards for being the most watched television series in the world and three-time Oscar winner Daniel Day-Lewis announces his retirement from acting.
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Showbiz Sandbox 371: Apple and Facebook Get Serious About Original Content
June 19, 2017
Both Apple and Facebook made headlines this week as details of their plans to produce original television content began to emerge. Apple announced the hire of two well-respected development executives to head up their efforts to participate in the golden age of TV, while Facebook closed deals on their first two shows.
It’s a good thing that both Facebook and Apple have deep pockets. If either hopes to upend the television industry the way Netflix and Amazon have, they’ll need to spend billions of dollars on original content, just like these other disruptors.
Spotify is also spending a small fortune to license music as its active worldwide user base suprasses 140 million. They plan on shelling out $2 billion over the next few years, a figure that is sure to rise as the streamer reaches agreements with more record companies.
Of course, we also cover the week’s top entertainment news including Yoko Ono finally getting songwriting credit on John Lennon’s biggest solo hit, “Imagine”, why IMAX is downsizing its workforce, and industry response to Sony’s decision to offer “clean versions” for 24 film titles in their back catalogue.
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Showbiz Sandbox 365: As Cord-Cutting Grows, Media Company Revenue Falls
May 8, 2017
Media company stocks took a beating last week with a one-two punch from cord-cutting and a soft ad market. The first quarter of 2017 saw pay cable subscriptions fall by over 700,000 in the United States, the largest ever such loss. This has caused some concern that cord-cutting has accelerated just as major advertisers have started to spend less on marketing.
However, television networks may just be shifting where revenue comes from. Rather than huge carriage fees and ad rates tied to huge viewership, networks may now be earning money off licensing content to streaming video providers and selling ads on digital platforms. There’s just one problem; such digital platforms pay far less than networks used to getting.
Warner Music Group is also suffering from shrinking revenues thanks to consumer migration to streaming online services. The company signed a new licensing agreement with YouTube, but they aren’t happy with a deal they felt forced into accepting. We’ll explain why.
Of course, we also cover the week’s top entertainment news including the multiple “Game of Thrones” spin-offs planned by HBO, Harry Potter heads to Broadway and the return of “American Idol”.
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Showbiz Sandbox 364: Hollywood Averts Another Writer’s Strike With Last Minute Deal
May 2, 2017
Though it came down to the wire and took an all-night negotiating session, Hollywood avoided another costly writer’s strike earlier this week. The Writers Guild of America, which represents upwards of 12,000 movie and television writers, came to a tentative agreement with the Alliance of Motion Picture and Television Producers, which negotiates on behalf of Hollywood studios and networks. The three year contract reportedly resolves several issues including the WGA health plan, how long a writer can be held by a television series as well as parity for online and cable residuals.
In other breaking news, the nominations for this year’s Tony Awards were announced, but it is anyone’s guess which of the four productions up for Best Musical will come out on top. The same is true of the four plays, each of which is by an American playwright making their Broadway debut. The only sure thing is that Bette Midler will win the Best Leading Actress in a Musical Award for “Hello Dolly!”
Meanwhile, after a 15 year decline in which global recorded music lost 40% of its value, the music industry is showing signs of life. You can thank streaming. For the second year in a row, music sales worldwide have increased – that includes physical product, digital and income from streaming.
Of course, we also cover the week’s top entertainment news stories including more layoffs at ESPN, “Saturday Night Live” heads to China (sort of) and Ryan Seacrest gets a new television gig.
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Showbiz Sandbox 363: With Bill O’Reilly Gone, Cable News Begins A New Chapter
April 24, 2017
After twenty years as the face of Fox News, Bill O’Reilly was responsible for nearly 20% of the network’s revenue. Even so, Fox made the decision to fire O’Reilly last week after reports that he had paid out settlements over the years to women accusing him of sexual harassment. At least, that’s how Fox spun the story, not wanting to admit the controversial news host was causing the network too look bad and lose advertisers.
O’Reilly wasn’t the first on-air host Fox News has lost over the last year. A string of anchors, including the popular Megyn Kelly left for new deals at other networks. With Fox’s entire primetime lineup upended so suddenly, other media outlets are beginning to make a move to overtake the top cable news network.
Meanwhile, China continues to issue release dates for big Hollywood movies at a rate that will likely surpass their own quota on imported films. One thing is for sure, none of the movies China approves will star Richard Gere. We’ll explain why.
Of course, we also cover the week’s top entertainment news stories including why it doesn’t matter that Netflix didn’t meet its quarterly subscriber goals, the return of “X-Files” and Kevin Spacey gets tapped for the Tony Awards.
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Showbiz Sandbox 362: What’s The Flipping Problem With Record Store Day?
April 17, 2017
This year’s Record Store Day is just days away, but what began as a way to support independent record stores has turned into a covert commercial endeavor for those reselling the event’s exclusive vinyl releases at exorbitant prices. Sal Nunziato, a former record store owner himself, joins us to discuss why he’s never been all that fond of the annual promotion.
These days Nunziato is a music blogger and drummer in the band the John Sally Ride. Their new album, “A New Set of Downs” will be released later this year, but in a unique twist, is already available on platforms such as Spotify and Soundcloud. He’ll tell us all about it.
Meanwhile, even though ESPN has lost 12 million subscribers in the past six years, the cable sports network is still very profitable, generating $11 billion per year for its owner, Disney. But with skinny cable bundles and online streaming eating into its subscriber base, ESPN is girding itself for an unknown future.
Of course, we also cover the week’s top entertainment news stories including the launch of YouTube TV, Spotify finally signs a new deal with a major record label, and Harry Potter wins big it at this year’s Olivier Awards.
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Showbiz Sandbox 361: Forget Release Windows, CinemaCon Proves the Screen is the Future
April 4, 2017
Cinema operators gathered in Las Vegas last week to attend the annual CinemaCon trade show where they were able to preview upcoming film releases and learn about some of the new technology on offer for their theatres. Naturally, box office was a big topic with global ticket sales (barely) hitting a record $38.6 billion. Even with a strong U.S. dollar, international box office still made up 71% of the total.
Another issue on everyone’s mind were theatrical release windows; studios want to introduce a premium video on demand offering that brings new releases to the home sooner, though exhibitors are understandably pushing back.
Meanwhile, there may be no movies to show in cinemas if screenwriters goes on strike. The Writers Guild of America has been meeting with producers and studios, however the sides are far apart in their negotiations and a strike is looking more likely.
Of course, we also cover the week’s top entertainment news stories including Robert Downey Jr. as Dr. Dolittle, why major advertisers are upset with YouTube and Adam Sandler reups with Netflix.
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Showbiz Sandbox 359: Entertainment Workers Put Faith In More Perfect Unions
March 13, 2017
Trade unions and guilds are not a new concept in the entertainment industry, yet they seem to be making headlines lately as more niche craftspeople elect to join them or have them negotiate their contracts. Last week the largest employer of Spanish-language performers in the U.S. voted to join SAG-AFTRA and the United Scenic Artists, which represents set designers on Broadway, was able to sign its first contract with the League of Off-Broadway Theatres & Producers.
One major reason for all this recent union activity is the growing number of entertainment industry workers whose pay falls below a living wage. When the star of a hit telenovela airing on an NBCUniversal network needs to hold a second job as an Uber driver, you know there must be a problem.
Meanwhile, the influx of financing into Hollywood coming from China may be coming to an end. The Chinese government has begun to restrict the outflow of capital from the country to stem what they deem “irrational” foreign investments while at the same time stabilizing local currency. This new regulatory oversight helped kill Wanda’s $1 billion deal for Dick Clark Productions.
Of course, we also cover the week’s top entertainment news stories including how a rapper made history by knocking himself off the top of the album charts with his next release, HBO heads to Latin America with original programming and why we’ll have to wait a little longer for those “Avatar” sequels.
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Showbiz Sandbox 355: Adele’s Big Grammy Victory Is All In the Numbers
February 13, 2017
Though Beyoncé had been predicted to walk off with this years top Grammy Awards for her critically acclaimed album “Lemonade”, she was beat out by Adele who won five top awards for “25”. Rather than being racially motivated, as some would suggest, Adele’s Grammy success was buttressed by an album that sold 20 million copies making it by far one of the biggest albums of the last decade, topped only by sales of her previous release “21”.
Then there was the artist who has never sold a single record yet managed to win three Grammys this year. Chance the Rapper made history when he became the first artist to win a Grammy for a streaming-only album. “Coloring Book” won the Grammys for Best Mixtape and Best Rap Performance, while Chance the Rapper took home the prize for Best New Artist.
Meanwhile, the struggling entertainment conglomerate Viacom announced how it hopes to turn the company around. The company plans to focus on “silos” of branded properties which can be exploited across multiple platforms. This is the same strategy the Walt Disney Co. has used with great success; however Viacom’s existing properties are hardly as popular as Marvel or Pixar.
Of course, we also cover the week’s top entertainment news stories including plans to revive “American Idol” on television, Stephen Colbert’s “Late Show” tops Jimmy Fallon’s “The Tonight Show” for the first time and Aretha Franklin, the queen of soul music, announces her retirement.
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