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 512: Pandemic Drives New York Film Festival to Push Boundaries
September 30, 2020
Over the last twenty years the annual fall film festival circuit has become the unofficial launching pad for movies looking to be seriously considered during awards season. Nobody was certain, however, how such festivals could be held amidst a global pandemic. Especially those whose jobs it is to produce and program such major events.
As the director of the New York Film Festival Eugene Hernandez had to not only watch movies and convince filmmakers to show them, he also had to research digital platforms for a virtual festival and prove to everyone from Disney to Apple that they could trust a new digital platform to do virtual screenings for critics and audiences, all while figuring out a safe way to show movies – at drive ins – and ultimately decide whether the festival should actually happen.
Of course we also cover some of the week’s top entertainment headlines including the Hollywood Reporter and Variety now share owners, which new musical is planning to open on the shuttered West End in London and why CBS is licensing certain shows to Netflix.
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Showbiz Sandbox 511: The Emmys and TIFF Pull Off the Virtual
September 22, 2020
When COVID-19 shut down the worldwide entertainment industry many wondered how it would affect annual events such as awards shows as well as film and music festivals. While the pandemic led to the cancelation of the Cannes Film Festival, the Emmy Awards honoring excellence in television and the Toronto International Film Festival both managed to hold virtual events that were received quite positively.
Anne Thompson, Indiewire’s Editor at Large, has been attending and covering TIFF for decades, though this year she didn’t have to leave her home to do so. She fills us in on what it was like to attend TIFF virtually, what the standout films were, how they will likely get released in theaters and which ones will be up for (a virtual) Oscars next year.
Of course we also cover some of the week’s top entertainment headlines including complete coverage of the Emmy Awards, a new music video for a beloved Louis Armstrong song and Madonna will direct her own biopic.
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Showbiz Sandbox 510: Studios Play Hide and Seek With Box Office Data
September 15, 2020
Now that new movies are once again playing in reopened cinemas, studios are reluctant to report their pandemic crippled grosses lest their films be deemed publicly as financial flops. At least two studios are delaying box office reports of their latest releases in what many industry insiders fear is a new trend. Is it appropriate for distributors to break with a decades old tradition of reporting weekend grosses in the midst of COVID-19 or do they have the right to keep box office on their titles confidential?
Meanwhile, the Academy of Motion Picture Arts and Sciences announced a new diversity initiative for the Oscars. Now for a film to be eligible for the Best Picture category it has to meet at least two of four diversity requirements. It’s a thoughtful move, even if almost every film made in the last ten years can easily meet the new requirements
Of course we also cover some of the week’s top entertainment headlines including why Disney’s “Mulan” is stirring up unwanted controversy, a major talent agency finally agrees to the Writers Guild code of conduct and sales of vinyl records surpass compact discs for the first time in over 30 years.
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Showbiz Sandbox 509: The Five Stages of Box Office Recovery
September 8, 2020
After zeroing out for six months, the worldwide box office is roaring back to life, led by China and films like “The Eight Hundred” and “Tenet.” We’re joined by Robert Mitchell of Gower Street Analytics who helped develop a staged approach of measuring how the box office in various markets is rebounding and what to expect in the months and years to come.
Meanwhile Hollywood talent agents continue to migrate toward management firms, as the major agencies continue to furlough or layoff staff. Will some creatives choose not to have an agent at all moving forward?
Of course we also cover some of the week’s top entertainment headlines including how Nielsen has begun measuring streaming viewership by the billions of minutes, Tyler Perry goes on a production spree and a whole new way to (sort of) watch Netflix shows.
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Showbiz Sandbox 507: Movie Theaters Come To Terms with Christopher Nolan’s “Tenant”
August 25, 2020
After COVID-19 forced movie theaters around the world to close for nearly six months, they are now set to reopen with one of the most anticipated films of the year; Christopher Nolan’s “Tenant.” There’s only one catch, the film rental terms Warner Bros. is asking for may make cinema operators want to manipulate time and go back to the simpler days when a studio got 50% of the box office and was happy. What’s more, increased film rental terms may be the new normal for movie theaters.
Meanwhile China may be showing the world how to reopen movie theaters as the historic drama “The Eight Hundred” rockets to more than $100 million at the box office. And to think just a few months ago the Chinese government banned the film.
Of course we also cover some of the week’s top entertainment headlines including how the Berlin Film Festival is going gender neutral, Ron Meyer is out at NBCUniversal and the Tony Awards may happen this year after all.
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Showbiz Sandbox 506: Apple Gets Into An Epic Battle Royale
August 18, 2020
Online gaming allows participants to take part in massive multiplayer battles, but no one ever gets hurt. Well, in real life, Epic Games, the company behind Fortnite is taking on both Apple and Google with an antitrust lawsuit and one of these companies is definitely going to get hurt where it counts most…the bottom line.
Meanwhile, as movie theaters around the world start to re-open after being shut down for months due to the coronavirus pandemic, the box office is sputtering back to life. Even Comscore has started publishing a weekend box office report again. Still, the industry has lost billions of dollars and is far from returning to normal grosses.
Of course we also cover some of the week’s top entertainment headlines including why thousands of actors may lose their health insurance, women are ruling the Billboard music charts and how Warner Music Group is getting a bit more social.
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Showbiz Sandbox 504: Does The Entertainment Industry Need A Government Bailout?
July 29, 2020
Most of the world’s cinemas are closed. Studios are struggling to release films theatrically. Live theatre probably won’t return until at least 2021. Who knows when concerts can safely be held. Likewise, new movies and television shows can’t get made because producers can’t get production insurance. Is it time for governments to help the entertainment business bounce back the same way they help other industries?
Meanwhile, the Emmy nominations provided some good news, at least for HBO and Netflix who racked up a combined 267 nods. In a year where an Emmy ceremony is hardly likely, the major broadcast networks only scored one nomination for a top award. We go take a stab at predicting which shows will score an Emmy this year.
Of course we also cover some of the week’s top entertainment headlines including why TikTok signed a deal with record labels, Drake charts another music industry record and how Universal Music Group profits from local music acts.
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Showbiz Sandbox 499: The Problems Facing Movie Theaters After They Reopen
June 23, 2020
Though the COVID-19 pandemic is far from over, cinemas around the world are making plans to reopen having to take health and hygiene into consideration. In laying out their new safety protocols some theater chains are stumbling in how they make moviegoers feel comfortable with the idea of returning to the cinema. Yet, the real challenges facing exhibitors will come after they reopen.
Then there is the uncertainty of what new movie releases will be available once theaters do turn on their lights, Titles such as Christopher Nolan’s “Tenet” keep getting delayed as large markets such as China are showing no signs of reopening cinemas.
Of course we also cover some of the week’s top entertainment headlines including how BTS made millions performing a concert despite nobody showing up in person, DC Comics gets into podcasting and a popular video game sets a new standard for making the medium accessible to disabled people.
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Showbiz Sandbox 495: Coming Up With A Popular Method To Calculate Streaming Residuals
May 26, 2020
With audiences spending countless hours streaming video during the coronavirus pandemic, and with some movies once bound for cinemas bypassing theaters and going directly to video-on-demand, the issue over residual payments to those that make all the content has once again become a hot button issue. This especially true since global streaming subscription revenue doubled in four years to $37 billion in 2019 and is expected to hit $62 billion by 2024.
Rather than being based on box office, ratings or profits, when it comes to streaming, residuals turned into a low fixed annual payment, no matter how big a hit your series or movie was. Now the Writers Guild of America has proposed a tiered system based on viewership to make sure residual payments reflect the new streaming reality when it comes to the likes of Disney+, HBO Max and Netflix.
Of course we also cover some of the week’s top entertainment headlines including why “Batwoman” lost its star, People magazine heads to television and Joe Rogan’s podcast payday.
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