Showbiz Sandbox 291: Media Companies Come Clean On Cord Cutting
August 24, 2015
After years of denying cord cutting was happening on any level, several large media companies are finally confessing that cord cutting is a growing trend which may soon affect their bottom lines. After decades of steady growth, cable operators are now beginning to see flat or declining subscriber numbers as new content streaming services pop-up.
Clearly, the business models the television industry has relied on in the past are evolving rapidly, more so than movies or theater or even publishing at the moment. Yet some industry insiders believe the cable cord isn’t being cut, but that it’s slowly fraying as the definition of what it means to be a television network has changed.
Some media companies aren’t waiting to study market indicators before making strategic moves. Last week NBCUniversal made a $200-million investment in the online news outlet Buzzfeed, leaving many to wonder how this could possibly benefit the network.
Of course we also cover the week’s top entertainment news including how boy band One Direction wants to take a break, why Spotify wants to breach your privacy and Cirque du Soleil is headed to Broadway.
Podcast: Play in new window | Download
Showbiz Sandbox 286: The 2015 Mid-Year Box Office and Music Sales Report
July 6, 2015
With the year now half over we join the rest of the entertainment industry in reviewing how 2015 is shaping up at the box office and for music sales. As predicted, the worldwide box office is on track to set another annual record thanks in part to three blockbuster releases that have each earned more than a billion dollars.
China continues to be an ever more important movie market as the country’s box office surged more than 50% during the first six months of the year with imported titles leading the way. Meanwhile, Hollywood movies have fared better in India than in past years with two passing the billion rupee level, a well-established benchmark of box office success.
The picture isn’t as rosy when it comes to music revenue. North American album sales are down 4% and digital downloads have fallen more than 10%. The declines may be caused by on-demand music streaming which has increased 74% so far this year. Whatever the reason, Taylor Swift isn’t sweating it since her most recent album has sold more than 2 million copies this year alone.
Of course, we also cover the week’s top entertainment news stories including the Grateful Dead perform one final concert, massive layoffs at the BBC and HBO Now is a huge hit in the iTunes app store.
Podcast: Play in new window | Download
Showbiz Sandbox 285: Why the Film Academy Is Becoming More Diverse and International
June 30, 2015
When the Academy of Motion Picture Arts and Sciences invited over 300 new members to join their ranks this year, many noted not only the number of young women and minorities among the group, but also 36 international invitees. According to Oscars pundit Scott Feinberg of the Hollywood Reporter, that’s the highest number of new international members than at any other time in the Academy’s 88-year history.
We explain why the organization is looking to filmmakers and craftspeople from around the world when adding to their ranks, as well as how that might change the demographics of the Academy moving forward. At a time when international box office has never been more dominant and important, it is nice to see the Academy’s membership become a little more diverse.
E-commerce giant Amazon is also making a few changes, especially in the way it pays authors of titles in its monthly book rental offering. Instead of paying writers for every book a user starts but may not finish, the company will pay based upon how many actual pages a subscriber reads.
Of course, we also cover the week’s top entertainment news stories including why NBC and Univision fired Donald Trump, Harry Potter heads to London’s West End and Apple signs a deal with indie record labels for its new music streaming service.
Podcast: Play in new window | Download
Showbiz Sandbox 283: Why Apple Is Cannibalizing Its Own Music Sales
June 16, 2015
Apple finally announced its long rumored music streaming service last week, which is meant to compete with market leaders Pandora and Spotify. The offering seems in direct conflict with the ongoing business of the largest music retailer in the world, but as Ryan Faughnder of the Los Angeles Times points out, Apple may have had no choice since iTunes digital music sales have significantly decreased.
Now, the music industry is hoping that Apple can ride to their rescue once again, as they did with digital music previously, by attracting the large subscriber base required to make music streaming profitable. Faughnder gives us his thoughts on what the new service means to the business, and tells us how competitors have responded to Apple’s entrance into the market.
There seemed to be no competition for “Jurassic World” during its theatrical debut. The film was released globally and gobbled up opening weekend box office records both in North America and internationally, earning more $500 million in just three days. That gross is more than the combined weekend receipts for every other film currently in theaters worldwide.
Of course, we also cover the week’s top entertainment news stories including Rupert Murdoch steps down as CEO of 21st Century Fox, video games get their own hall of fame and what happened when Dave Grohl of the rock band Foo Fighters broke his leg in the middle of a concert.
Podcast: Play in new window | Download
Showbiz Sandbox 282: Broadway’s Not So Big Night at the Tony Awards
June 8, 2015
A musical about family, sexuality and suicide along with a play about an adolescent with Aspberger’s syndrome won the top prizes at this year’s Tony Awards over the weekend. Based on Alison Bechdel’s graphic memoir, “Fun Home” was awarded Best Musical and “The Curious Incident of the Dog in the Night-Time” earned Best New Play. On paper, both could have been marginal longshots to win Tonys, which can at times go to more commercial productions.
We go over the list of this year’s Tony Award winners and choose a few highlights from a ceremony in which they were quite sparse. It was great to see Kelli O’Hara win a Tony for Best Actress In A Musical after she had been overlooked the last five times she was nominated. Yet, in a year which saw Broadway break box office records, the telecast flirted with all-time low ratings.
Meanwhile, as we record this episode Apple appears set to announce their streaming music service which some big record label executives see as a tipping point that could save the industry. That seems like a tall order given how late the company is getting to market, but it’s never a good idea to underestimate Apple.
Of course, we also cover the week’s top entertainment news stories including how Netflix is heading to Spain, Senator Chris Dodd is staying on as head of the MPAA and Showtime is going over the top with its new streaming service.
Podcast: Play in new window | Download
Showbiz Sandbox 280: French Films Win Big In Cannes This Year
May 26, 2015
The 68th annual Cannes Film Festival wrapped up over the weekend with the French drama “Dheepan” winning the Palme d’Or. In a festival filled with artistic works commenting on modern social issues, director Jacques Audiard’s film tells the story of three Sri Lankan refugees who form a family-of-convenience while fleeing to France in hopes of a better life.
Anne Thompson, Editor-at-Large for Indiewire, joins us to discuss the highs and lows of this year’s Festival de Cannes, which include many of the films that took home awards, not to mention a 3D porno. But as Thompson explains, many of the big buzzworthy films were Hollywood titles screened out-of-competition; “Mad Max: Fury Road” and “Inside Out” come to mind.
Time Warner Cable meanwhile, fresh from having broken up with their previous suitor, Comcast, may now be acquired in a $56.7 billion deal. Though this move was widely expected, it is an indicator of how the market is attempting to stay ahead of the fast changing ways by which audiences consume television content.
Of course, we also cover the week’s top entertainment news stories including the David Letterman’s signs off the “Late Show” one final time, Jennifer Lopez is taking up residency in Las Vegas for a string of shows next year, and multi-hyphenate Barbra Streisand is penning her memoirs.
Podcast: Play in new window | Download
Showbiz Sandbox 278: Grooveshark Goes Down As Periscope Comes Up
May 4, 2015
Content owners seem to be locked in a never-ending game of legal Whac-A-Mole in an attempt to thwart technologies that enable copyright infringement. Last week record labels managed to shutter the music streaming service Grooveshark and movie studios were granted a court ordered injunction against Popcorn Time, which has been dubbed the Netflix of Piracy. Yet now entertainment companies are concerned about audiences live streaming television shows and movies from their mobile phones using social media apps such as Periscope.
That’s exactly what happened on Saturday during the welterweight title fight between Floyd Mayweather Jr. and Manny Pacquiao. Some viewers took it upon themselves to beam video of the boxing match by transmitting the pay-per-view broadcast through their phones.
Meanwhile on Broadway, this year’s Tony Award nominations were announced, recognizing the best and brightest new live theatre productions. We’ll give you a rundown of who was nominated and why walking off with one of the prestigious prizes can mean big profits at the box office.
Of course, we also cover the week’s top entertainment news stories including the gigantic opening of “Avengers: Age of Ultron”, a remake of “Roots” and how “Seinfeld” is earning big bucks on subscription video-on-demand.
Podcast: Play in new window | Download
Showbiz Sandbox 275: TV Casting Isn’t Just Black and White
March 30, 2015
Thanks to the success of new shows like “How To Get Away With Murder”, “Black-ish”, “Fresh Off The Boat”, “Jane the Virgin” and, of course, “Empire”, Deadline Hollywood reports this year’s pilot season is experiencing an explosion of minority casting. Networks are now writing roles specifically for ethnic actors and demanding series pilots feature a diverse cast. Though long overdue, the suggestion that the “pendulum might have swung a bit too far in the opposite direction” ruffled a few industry feathers.
In less controversial news, the Library of Congress announced the 25 recordings it will be adding to the National Recording Registry this year. Among them are classics by The Doors and Radiohead, Broadway cast albums and hits by The Righteous Brothers and Johnny Mercer. There are even a few historical wax cylinder recordings dating all the way back to the 1890s.
And just when you thought the awards season was long over, the New York Independent Film Critics held their annual meeting to select the IRA Film Awards. Our host Michael Giltz was on hand to argue, discuss and vote for the best in movies from last year with a prestigious group that believes they have better taste than all those other awards shows. We’ll go over the list of winners.
Of course, we also cover the week’s top entertainment news stories including who will replace Jon Stewart as host of “The Daily Show”, the popular television series “Downton Abbey” calls it quits as does Zayn Malik, a now former-member of One Direction.
Podcast: Play in new window | Download
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.
Podcast: Play in new window | Download
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.
Podcast: Play in new window | Download
