Showbiz Sandbox 659: Hollywood Continues To Turn Itself Inside Out
June 26, 2024
In the midst of the summer entertainment news doldrums, as Hollywood laments a fading (for now) box office, along comes Pixar with “Inside Out 2.” The sequel earned nearly $300 million in its opening weekend proving, once again, that all the industry really needs for audiences to head back to movie theaters is… well, movies.
Meanwhile, after nixing an acquisition at the eleventh hour, Shari Redstone continues to keep Wall Street, the industry and potential suitors in suspense over whether she’ll sell Paramount Global.
This will be the last episode of Showbiz Sandbox for the foreseeable future as we take an indefinite hiatus. Don’t unsubscribe as we’ll likely be back from time to time when news, festivals and events warrant. Thanks for listening for the past 15 years.
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Showbiz Sandbox 655: Netflix Stops Sweating (and Reporting) Subscriber Growth
April 23, 2024
Netflix first quarter earnings report showed growth in all areas from subscribers, to revenue and income. But with Netflix clearly dominating competitors and entering a mature market, the streaming giant will no longer provide subscriber figures on a regular basis. Instead, Netflix will concentrate on profit and the amount of time each of their 270 million subscribers spend viewing programming on their platform.
Meanwhile, the long gestating sale of Paramount Global got a lot more interesting last week when Sony entered the picture with its own bid for the media conglomerate. Unfortunately, indie production house Participant Media was unable to find a buyer and abruptly shuttered.
Of course we also cover the week’s top entertainment headlines including this year’s Rock and Roll Hall of Fame inductees, Taylor Swift breaks her own sales records with the release of her album “The Tortured Poets Department” and the Sundance Film Festival may be in search of a new home.
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Showbiz Sandbox 651: The Next Hit Song May Be Written and Performed by AI
March 18, 2024
In what Rolling Stone magazine has dubbed ChatGPT for music, a new service called Suno is trying to democratic music by using artificial intelligence to allow anyone to create a hit song. With no need to learn how to play an instrument or sing, the latest advances in generative AI are creating tunes with a few text prompts that are indistinguishable from those created by trained musicians.
The creators of Suno aren’t saying what content was used to train their AI. That is probably why the European Union is passing legislation to regulate the use of AI, requiring developers to provide a list of copyrighted material used to train their technology.
Of course we also cover the week’s top entertainment headlines including why Neil Young’s music is back on Spotify, Iranian filmmaker Ashgar Farhadi wins his plagiarism case and Roman Polanski is headed back to court.
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Showbiz Sandbox 641: Red Sea Film Festival Highlights Emerging Film Market
December 13, 2023
In its third year the Red Sea International Film Festival continues to build on its reputation for programming some of the most engaging and important movies being made in the Middle East. Held in Jeddah, Saudi Arabia, RSIFF has gone a step further by financially backing productions from the region, which until five years ago didn’t even have movie theaters.
Meanwhile, the awards season is revving up with numerous film critics societies weighing on their top movies from the past year. Plus the Golden Globes announced their nominations for next year’s ceremony.
Of course we also cover the week’s top entertainment headlines including how a 65-year-old Christmas song becomes only the third holiday tune to top the Billboard charts, bundling comes to streaming services and Disney’s Bob Iger says the ABC television network is not for sale.
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Showbiz Sandbox 639: Hollywood Deals With Post-Strike Fallout
November 21, 2023
Hollywood’s dual writers and actors strikes may finally be over, with significant gains in earnings, residuals and AI protections, but the many systemic issues that caused the labor disruption aren’t entirely history. As more of the details of the SAG-AFTRA contract become public we take a look at what they mean for actors and the industry at large.
For instance, how is a hit show going to be defined and how will the new agreements affect upcoming negotiations with unions representing crew, casting directors and teamsters? And why does actress Justine Bateman believe the new contract doesn’t go far enough in addressing synthetic performers?
Of course we also cover the week’s top entertainment headlines including why Spotify is leaving Uruguay, Amazon threatens the United Kingdom over production incentives and the latest Marvel film collapses at the box office.
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Showbiz Sandbox 637: Spotify Fighting Fraud With New Payment Plan
November 7, 2023
Spotify is changing how it pays out royalties in an effort to deter fraud, demonetize the flood of new music that almost no one listens to and frustrate those gaming the system. None of the changes will alter the amount of money paid out in royalties each year. But Spotify believes the move may add up to $1 billion a year going to actual musical artists, rather than con artists.
Meanwhile, the actors’ strike continues despite word that SAG-AFTRA and the AMPTP were close to a deal on a new three-year contract. Word is that one of the remaining sticking points has to do with how artificial intelligence can be used to create performances in future productions.
Of course we also cover the week’s top entertainment headlines including a new Broadway season ramps up with plenty of new productions, Live Nation reports record earnings thanks to sales of concert tickets and Britney Spears becomes a bestselling author.
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Showbiz Sandbox 636: Why Streaming Subscriptions Are Getting More Expensive
November 1, 2023
When Netflix announced its earnings for the third quarter of 2023 it also confirmed that it would be increasing prices for those that don’t want to view ads. Amazon recently said it would also be raising the price for the ad-free tier of Prime Video. It turns out these streaming services have discovered they make more revenue per subscriber when they are willing to watch ads. Now all they need to do is scale their advertising subscriber-base.
Meanwhile, there are signs that talks to settle the actors’ strike may be going well. Though the strike’s damages have already been done with studios postponing releases until 2025 and television ad rates plummeting.
Of course we also cover the week’s top entertainment headlines including why music publishers are taking legal action against artificial intelligence companies, how record labels are trying to prevent artists from re-recording their albums and the untimely death of Matthew Perry.
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Showbiz Sandbox 635: Deciphering Hollywood Hits and Misses
October 17, 2023
Hollywood studios often try to camouflage the success or failure of their movies. Sometimes they claim a film is unprofitable, yet go on to make several sequels, as Nu Image did with the “Has Fallen” franchise. Other times a studio insists a movie is a modest box office hit despite paying hundreds of millions for the underlying property, as with Universal Pictures’ recent “The Exorcist: Believer.” It many not matter to moviegoers, but it does to those with profit participation.
There is no denying that Taylor Swift’s “Eras Tour” concert film is a huge success after its weekend in cinemas around the world. Though it didn’t live up to early box office forecasts, its opening was three times bigger than any concert movie in history. It became the highest grossing such film of all time in North America after just three days.
Of course we also cover the week’s top entertainment headlines including the latest on the actors’ strike, some questions over Spotify’s audiobook offering and Microsoft finally completes its acquisition of Activision Blizzard.
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Showbiz Sandbox 634: Spotify Gets Book Smart
October 10, 2023
Spotify, the music streaming service, is going all in on audiobooks in hopes of attracting and maintaining subscribers. Previously, Spotify offered some audiobooks for sale. Now the company’s 220 million premium subscribers get 15 hours of free audiobook listening each month. The service is launching with 150,000 titles and will pay publishers based on consumption.
Meanwhile, while the writers’ strike may be over, actors continue to walk picket lines outside Hollywood studios, networks and streamers. The good news is that SAG-AFTRA and the AMPTP are finally sitting down to negotiate a new contract.
Of course we also cover the week’s top entertainment headlines including how Taylor Swift’s film is breaking records even before its release, Dreamworks Animation plans to outsource production and why Wall Street financiers are souring on investing in entertainment companies.
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Showbiz Sandbox 630: Resurrecting Silent Films Can Be Profitable (Theoretically)
September 12, 2023
The 1923 silent film “The Spanish Dancer” starring Pola Negri is the latest restoration project being theatrically released by Milestone Film & Video, one of the key players over the past 30 years in resurrecting forgotten and neglected films. We are joined by Dennis Doros, the co-founder of Milestone, who tells us how he turned a labor of love into a viable business.
Meanwhile, unlike the carriage dispute between Disney and the cable provider Charter Communications, which was settled early this week, the writers and actors strike against Hollywood studios and networks appears to have no end in sight.
Of course we also cover the week’s top entertainment headlines including the winners of this year’s Venice Film Festival, a new artist-centric royalty scheme for music streaming and how criminals are using Spotify to launder money.
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