Showbiz Sandbox 277: CinemaCon Predicts A Bright Future For Moviegoing
April 27, 2015
When theater owners and film distributors from around the world convened last week for CinemaCon in Las Vegas they were presented with a slate of upcoming blockbusters and cutting edge innovations which forecast an optimistic future for the industry. After ending last year with the most depressed box office returns in recent memory, 2015 is shaping up to break all records with at least four films potentially grossing more than a billion dollars.
Adding to the optimistic outlook are emerging technologies that enhance the experience of going to the cinema. Upgrades such as immersive sound, laser projection and high dynamic range may help lure certain demographics back to theaters. Teenagers and young adults, for instance, have seen declining attendance since 2007 as the number of on-demand entertainment options began expanding.
Meanwhile, cable giant Comcast called off its $45 billion acquisition of Time Warner Cable after government agencies informed the company they would actively work to block the merger. Regulators believed the deal, which many feared but felt would ultimately be approved, might allow Comcast to dominate not just cable television, but more importantly high speed Internet access.
Of course, we also cover the week’s top entertainment news stories including the end of “Sabado Gigante”, how WikiLeaks got involved in the Sony cyberattack and Netflix just keeps growing.
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Showbiz Sandbox 274: Cord-Cutting Has Never Been Easier, or More Expensive
March 23, 2015
Cord-cutting has been a growing fear of the television industry for many years. The terrifying possibility that consumers will give up their expensive cable bundles in lieu of online streaming is quickly becoming a reality as numerous services have sprung up to provide over-the-top options. Unfortunately none of these services offers access to all the major networks forcing viewers to spend just as much, or even more, to see all their favorite programs.
When you start adding up the cost of subscriptions to Netflix, Amazon Prime, Hulu along with newcomers such as Dish Networks Sling TV and HBO Now, cutting the cord may not be the cost savings everyone has been hoping for.
Meanwhile, the music industry has been undergoing its own struggles as existing revenue models have been upended by digital distribution. Last year marked the first time that streaming music earned more than the sale of music on compact discs. This has led to a rallying cry from industry trade groups for artists to be fairly compensated regardless of the platform on which their music is accessed.
Of course, we also cover the week’s top entertainment news stories including how female moviegoers are driving this year’s box office, why John Williams won’t be scoring Steven Spielberg’s next movie and the new math formula determining whether Madonna’s recent release is the top selling album of the week.
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Showbiz Sandbox 272: Why The TV Industry Is Fighting Over Your Viewing Habits
March 9, 2015
Time-shifting content consumption has grown astronomically over the past several years thanks to technology like streaming and DVRs. Nearly half of all TV viewers no longer watch shows when they are first aired, upending the traditional ratings system used to measure audiences. Networks now want advertisers to pay for all the viewers of a program up to a week after its original telecast.
Presently, advertisers only pay for viewers of a show during the first three days after its broadcast, a timeframe the don’t wish to extend. Complicating the matter is a dramatic increase in the number of shows airing during primetime, fracturing audiences and forcing ad execs to sift through 1,700 programs in which commercials can be placed.
Buying ad time during the Academy Awards ceremony is usually a no-brainer for marketing moguls, however the Oscars telecast has become so predictably dull that it’s audience has begun to shrink. In an effort to boost ratings, the Academy’s Board of Governors is now hinting they may revert back to having only five Best Picture nominees, rather than the potential of ten. We debate why this is not such a good idea.
Of course, we also cover the week’s top entertainment news stories including the high profile court battle over the authoriship of a hit song, NBC goes over-the-top and Bruce Willis heads to Broadway.
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Showbiz Sandbox 269: When Journalists Make Headlines Instead of Report Them
February 17, 2015
Last week a number of respected journalists who have won praise after decades of reporting the news actually wound up in the headlines themselves. First Brian Williams, the anchor of NBC Nightly News was suspended for six month by the network when allegations arose that he exaggerated his experiences while reporting on the Iraq War. Then, esteemed New York Times media columnist David Carr suddenly died after collapsing in the newsroom leading to an outpouring of condolences.
Ironically, overshadowing both of these events was an announcement from Jon Stewart, a self-professed “fake journalist” that he would be leaving “The Daily Show” after 17 years as it’s host. Such news must have executives at Comedy Central reeling, since it comes on the heels of Stephen Colbert’s departure from the network.
On the other hand, Spider-Man isn’t going anywhere. He’s going to stay at Sony, however will be loaned to Disney for appearances in Marvel’s multi-character movies. The studio also plans to once again reboot the Spider-Man franchise by recasting the role.
Of course, we also cover the week’s top entertainment news stories including the huge opening weekend for “Fifty Shades of Grey”, Netflix heads to Cuba and the latest awards season winners.
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Showbiz Sandbox 267: VOD Helps Heat Up Sundance
February 2, 2015
Distributors went on a buying spree at this year’s Sundance Film Festival not only due to the quality of the movies, but also because of new-found revenue from VOD services. We give you a rundown of the titles that were acquired, how much was spent on them and whether there is any hope they will ever make that money back for distributors.
Speaking of money, musician Sly Stone could be $5 million richer after winning a court ruling last week against his former manager who he claims withheld royalties.
Singer Sam Smith, on the other hand, won’t be trying to cheat Tom Petty out of royalties for his song, “Stay With Me”. The artist agreed the song was similar to one of Petty’s past hits and added the legendary rocker to the writing credits.
Of course, we also cover the week’s top entertainment news stories including yet another Super Bowl television ratings record, when we can expect the next “Game of Thrones” book from author George R.R. Martin, and “Empire” is becoming a much needed hit series for Fox.
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Showbiz Sandbox 265: This Year’s Oscar Nominations Aren’t Only Racist, They’re Anti-Lego
January 20, 2015
While debating Oscar nomination snubs has become an annual tradition, the criticism over this year’s list of nominees had to do with racial bias and a lack of diversity. Specifically, a film about civil rights activist Martin Luther King Jr. was nominated for Best Picture, but its female director and lead actor, both black, were surprisingly overlooked.
Yet few seemed to notice is that “Selma”, the film in question, is only the twelfth film directed by a woman to receive a Best Picture nomination in the 86 year history of the Academy Awards. On only four occasions has the filmmaker also been nominated for Best Director. And six of these movies were nominated during the last 10 years, pointing towards a positive trend for female helmers.
Also under represented in the Best Picture category at this year’s Oscars are hit movies. Sure, all of the nominees were successful, but only “American Sniper” earned big bucks at the box office. If only Legos were eligible to vote… maybe they’re film would have been nominated for Best Animated Feature.
Of course, we also cover the week’s top entertainment news stories including Barbara Streisand’s latest platinum album, Amazon’s move into theatrical film distribution and why James Cameron is delaying the “Avatar” sequels to 201.
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Showbiz Sandbox 263: A Review of the Entertainment Industry’s Annus Horribilis
January 6, 2015
There’s no getting around the fact that 2014 was a financially dismal year for the entertainment business. Movie box office, home video revenue and music sales were all down significantly in most territories. The only bright spot might be television ad sales which grew slightly, albeit at lower level than originally forecast.
Statistically speaking the numbers don’t look good. Movie attendance plummeted to the lowest levels since 1995. Home video returns decreased nearly 2%, despite a rise in digital downloads. Music sales continued their global decline as more consumers turn to streaming services.
Industry-watchers are predicting that, except for box office, 2015 could produce the same mixed results for entertainment companies as digital technologies keep disrupting longstanding business models.
Of course, we also cover the week’s top entertainment news stories including the most pirated TV shows and movies of 2014, how One Direction became the year’s top concert draw and an update on the Sony Pictures cyber attack.
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Showbiz Sandbox 259: Sony Hack Reveals Hollywood’s Digital Dilemma
December 1, 2014
Digital technology helped Hollywood significantly reduce the production cost of movies that overflow with stunning visual effects. One major downside to such technological advances is how easy it has become to steal, duplicate and distribute pristine copies of digital content. Movie studios were reminded just how vulnerable they are after a cyberattack against Sony Pictures resulted in several upcoming films being leaked online.
Netflix, on the other hand, delivers digital content legally, even if some of its subscribers happen to be access the service surreptitiously from countries where the company doesn’t operate. Netflix announced it would be launching soon in two such countries; Australia and New Zealand.
On Broadway meanwhile, productions are gearing up for what is usually a busy holiday season. A few new musicals however are off to slow starts. We’ll give you a rundown on how all the shows are doing and which are worth seeing.
Of course, we also cover the week’s top entertainment news stories including Russia’s proposed boycott of Hollywood movies, why Hasbro ditched Dreamworks Animation and how Apple intends to bundle Beats Music.
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Showbiz Sandbox 257: Debating President Obama’s Position On Net Neutrality
November 10, 2014
President Obama finally weighed in on the battle over net neutrality calling for the FCC to reclassify broadband providers as utilities under Title II of Telecommunications Act. This inflamed the war between those who believe such a move is mandatory and others who fear bureaucratic regulation will have the unintended consequence of throttling future development and investment in technology. We do our best to debate both sides of a very contentious issue.
Leaking copyrighted content online however, is an issue everyone can agrees is bad. Marvel Entertainment showed how to handle just such a scenario with aplomb when a leaked copy of the trailer for their highly anticipated sequel to “Avengers” hit the Internet before its official release. We’ll fill you in on Marvel’s immediate and exemplary response.
While we’re on the subject of responses, there’s no question how Taylor Swift’s new album was received by her fans. They gobbled up more than 1.2 million copies during its first week on sale. That’s more than the next 106 albums on the weekly sales chart combined.
Of course, we also cover the week’s top entertainment news stories including Lemony Snicket on Netflix, Matt Damon returns to Jason Bourne and Pixar gears up for another “Toy Story”.
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Showbiz Sandbox 255: Better Pixels Not More Pixels – Why You’ll Never Care About 4K or 8K TV
October 27, 2014
Technology is quickly emerging that delivers enhanced theatrical and home viewing experiences the likes of which audiences have never seen. What remains unknown is whether consumers even notice incremental upgrades such as Ultra HD or care enough to pay extra for them. TV manufacturers sure hope so.
However, at the SMPTE 2014 Technical Conference held last week in Los Angeles, some of the industries smartest engineers agreed that images with a wider contrast and color range (HDR) are preferable to those packing more pixels into every frame (4K). They also questioned if we were technically capable of getting all this enhanced content onto screens both big and small.
China, on the other hand, will take any content they can get their hands. After Hollywood spent years trying to break into the Chinese market, China is now come knocking down Hollywood’s door in search of movies and television programs to show via streaming and subscription services.
Of course, we also cover the week’s top entertainment news stories including how Ken Burns scored big ratings for PBS with his latest documentary, why sock puppets are all the rage on Broadway and TLC shows Honey Boo-Boo the door.
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