Showbiz Sandbox 483: China Presents Hollywood With A Trillion Dollar Dilemma
March 2, 2020
Between intellectual property theft, forced joint ventures and strict government regulation, the entertainment industry has come to learn that doing business in China is difficult at best, complicated at worst. Chris Fenton, the CEO of Media Capital Technologies, knows a thing or two about doing film industry business in China, having worked in the Middle Kingdom on various project for decades. He joins us to explain the dilemma facing Hollywood in China as well as his upcoming memoir “Feeding the Dragon.”
China is, in fact, where the coronavirus originated before it spread to other countries throughout the world. Now, movie theaters in Italy and South Korea are joining their Chinese counterparts in shutting down, hoping to prevent further spread of the virus, and leading to what could be billions in box office losses.
Meanwhile, the CEO of Disney, Bob Iger, decided to suddenly step down last week and instead take on the role of Chairman. Disney theme park head Bob Chapek will be the company’s new CEO. We cover all the reasons for the executive shuffle.
Of course we also cover the week’s top entertainment headlines including the winners of this year’s Berlin Film Festival, Placido Domingo apologizes for past behavior (sort of) and why YouTube can’t censor content.
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Showbiz Sandbox 480: “Parasite” Infects the Oscars With Historic Win
February 10, 2020
Though many Academy Awards pundits believed that “1917” would win the Oscar for Best Picture, the prize went to filmmaker Bong Joon-ho’s “Parasite.” Anne Thompson of Indiewire joins us to explain how the industry united behind the South Korean film, giving it four top Oscars, in a historic win; the first foreign language film to ever win the Best Picture Oscar.
Surely none of the Oscar winners will be getting a bump at the box office in China, even if they managed to get a release date. Movie theaters have been closed for the past three weeks due to a coronavirus which has completely upended which films will get into cinemas and when in a tight calendar they’ll reach audiences.
Meanwhile, the WGA overwhelmingly approved their demands for the upcoming contract talks with producers and studios. The existing contract is set to expire in the middle of this year and just about everyone in Hollywood is expecting and gearing up for another writers’ strike.
Of course we also cover the week’s top entertainment headlines including why manufacturing vinyl records might get a lot harder, how YouTube is raking in revenue and Disney plans on bringing the Broadway musical “Hamilton” to movie theaters.
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Showbiz Sandbox 474: YouTube and Facebook Curtail Their Streaming Subscriptions
December 30, 2019
Facebook and YouTube might be giants in technology and media, but they have both decided to sit out the streaming wars. Sure, they’re spending $1 billion per year producing original content but pales in comparison to what the Apples and Amazons and Peacocks and HBO Maxes of the world are shelling out for new content. So, Facebook and YouTube have decided to keep their video offerings free and ad-supported.
As 2019 comes to a close with one of the biggest movie-going weeks of the year it looks as if the industry will end a semi-happy note, with record international box office, perhaps a new worldwide box office record and the second biggest North American haul in history.
Meanwhile, China added another 8,800 movie screens this year, bringing the country’s grand total to a titch under 69,000 in all. And most of the hits playing on those screens are Chinese films and that’s just the way the government wants to keep it.
Of course we also cover the week’s top entertainment headlines including why Universal Pictures may have released a new version of “Cats” after it was already in theaters, live news and sports dominates the year’s basic cable ratings and Spotify gets out of politcs.
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Showbiz Sandbox 462: Netflix and Amazon Take Advantage of Fall Film Festivals
September 16, 2019
Though the Cannes Film Festival avoids programming movies from streamers like Netflix and Amazon, internationally renowned festivals in Venice, Telluride, Toronto and New York embrace them. And no wonder. As Anne Thompson of Indiewire tells us, the streamers used the fall film festival circuit to premiere some of the year’s most award-worthy movies.
Just back from Toronto and Telluride (and on her way to the New York Film Festival), Thompson fills us in on what new releases movie lovers should look forward to as we kick off awards season. She explains how making a big splash at such festivals can turn a middling movie into a hit collecting both big box office and plenty of kudos. Yes, we’re looking at you, Hustlers.
Meanwhile, with the imminent launch of their own streaming service, Disney wants to rewrite the rules — or at least the contracts — on how the profits from hit television shows gets shared, or as the company would prefer it, not shared. If successful, other networks and studios are sure to follow Disney’s lead.
Of course we also cover the week’s top entertainment headlines including why YouTube is revamping its music charts, Apple announcing the price for its streaming service and “Saturday Night Live” stumbling in a casting move.
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Showbiz Sandbox 460: Spider-Man Exits The Marvel Cinematic Universe
September 2, 2019
The big-time Hollywood divorce that has the entertainment industry buzzing this summer is the acrimonious split between Sony Pictures and Walt Disney Studios over custody of the most popular character in the Marvel Cinematic Universe; Spider-Man. The agreement that allowed Sony to loan out the character for Disney’s Avenger films was unprecedented. But after Disney asked to share in the financing and profit of future Spidey films, Sony opted out of the relationship.
The latest Spider-Man movie was one of the biggest hits of the summer, though box office for the season was actually down. One might think that’s why AMC Cinemas is planning to experiment with dynamically pricing movie tickets, but actually it’s really because they just want to charge more for popular films.
Meanwhile, streaming giants like Netflix are premiering some of their high profile movies at the biggest fall film festivals just in time to kick off awards season. They even plan to show them in cinemas before allowing them to be streamed on their platform. Now all Netflix has to do is convince cinema chains to book them.
Of course we also cover the week’s top entertainment headlines including why Eminem is suing Spotify, the Writers Guild takes its case against talent agents to federal court and why Taylor Swift wants to record all her old albums over again.
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Showbiz Sandbox 459: Jay-Z Gets Played By The NFL
August 19, 2019
In a win-win for the American football and artist Jay-Z (or a lose-lose depending on your point of view), the National Football League is working with one of its biggest critics. Jay-Z has historically been very supportive of the NFL players who have used their visibility to bring attention to issues like police brutality. He also made clear that he wouldn’t perform at the Super Bowl Halftime Show. Now he’s signed a deal with the NFL to consult on the Halftime Show, NFL music in general and assist with other efforts to make the NFL and its entertainment more inclusive.
Many wondered why Jay-Z would enter into such an agreement when it seemed he had so much to lose and little to gain, especially when it appears as if the NFL is co-opting him. Perhaps the rumors that the rap and entertainment mogul wishes to to buy a significant stake in an NFL team are actually true.
Meanwhile in China, streaming giants such as Netflix, YouTube and eventually Disney+ were granted permission to launch their platforms in the country. That is so long as these companies play by some strict government rules. But what exactly that means, both in regards to mandated propaganda content and censorship remains to be seen.
Of course we also cover the week’s top entertainment headlines including CBS and Viacom get remarried, why Hong Kong protesters want to boycott the live action adaptation of “Mulan” and sales at bookstores decline this year.
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Showbiz Sandbox 452: The Tony Awards Go To Hell
June 10, 2019
The 2018-19 Broadway season was a banner year as the Great White Way broke box office and attendance records, earning $1.89 billion from an attendance of 14.8 million patrons. The Tony Awards were handed out to the season’s best productions and performances as “Hadestown,” a musical about Hell, took home eight prizes including Best Musical and “The Ferryman” won four trophies including Best Play.
During this episode we take a different approach to reporting box office; rather than report which movie topped the worldwide charts, we look which title earned the most money over the past week. Why only count Friday through Sunday, when there are four may days to every week in which people are seeing movies.
We are also joined by Patrick von Sychowski, the editor of Celluloid Junkie, who tells us how he put together an exclusive story of how Chinese authorities spent three years tracking and shutting down one of the largest movie piracy rings of all time. After uncovering piracy being done on an industrial scale, the question remains, could it happen again.
Of course we also cover the week’s top entertainment headlines including why Netflix was told to stop poaching employees from its competitors, YouTube starts pulling hateful content off its platform and Entertainment Weekly magazine goes monthly.
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Showbiz Sandbox 451: With Streaming On the Rise, Apple Kills iTunes
June 3, 2019
Before the iPod, when Napster was turning casual music fans into criminals, Apple saved the music industry by launching iTunes. What the music industry feared would enable people to organize the music they’d already stolen, actually allowed people to start buying digital music legally. Within a few years Apple became one of the largest music retailers in the world.
Now that the software seems to have outlived its purpose Apple will launch new apps to handle music, video, books and podcasts and the once iconic all-purpose library known as iTunes will disappear. It turns out this may also be a way to force consumers into signing up for Apple Music, the company’s music streaming service.
Meanwhile, the state of film and television production has been turned upside down in Georgia thanks to the passage of a new law restricting abortion. Studios, networks, producers, directors and actors must decide whether to continue shooting in Georgia and accept its tax subsidies, or boycott the state entirely.
Of course we also cover the week’s top entertainment headlines including a record setting season on Broadway, the “Game of Thrones” creators dump their manager and the Oscars announced this year’s Governors Awards.
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Showbiz Sandbox 447: The Madness of Media Moguls Making Mega-Millions
May 6, 2019
While the exorbitant salaries of the entertainment industry’s top executives are not a new phenomenon, the subject cropped up again recently after a relative of Walt Disney objected to the $65 million paycheck Disney CEO Robert Iger earned last year. That amounts to 1,424 times more than the average salary of a Disney employee. We debate whether Hollywood moguls should be earning hundreds of times more than their employees and why their compensation is so high in the first place.
On Broadway, Tony nominations were announced last week and they pack more drama and excitement than the creatively weak season that just ended. We’ll take a look and predict which shows will benefit the most from awards and the chance to perform live on TV.
Meanwhile, “Avengers: Endgame” continues to dominate the worldwide box office, earning $2 billion in just 11 days, faster than any film in history. That said, we wonder why Hollywood studios neglect to mention that their tentpole movies often begin showing on Thursdays.
Of course we also cover the week’s top entertainment headlines including big changes at CBS News, YouTube scores some Major League Baseball games and why the London production of “Les Miserables” is getting a makeover
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Showbiz Sandbox 439: Fox Suffers “Bones” Shaking Legal Defeat
March 4, 2019
Fox lost a blockbuster lawsuit to the stars and creative talent behind their smash television series “Bones.” An independent arbitrator used scathing language to describe 21st Century Fox executives, calling them out for lying, cheating and “reprehensible” studio fraud.
Though Fox says the will appeal the ruling, it could have a big impact on sweetheart deals between studios, their own networks, their own cable channels and their own streamers. There’s no bones about it.
Meanwhile book publishers and the National Writers Union, along with many others, are decrying the practice of Controlled Digital Lending, or CDL. As publishers restrict e-book access and raise their prices, libraries that own a physical copy of a book are making a digital PDF available for loans to patrons. When a digital PDF is borrowed, the physical copy is removed from circulation until the digital copy is returned. So what’s the problem?
Of course we also cover the week’s top entertainment headlines including why a hologram of Amy Winehouse will not be going on tour, why the movie theater chain Cineworld dumped BAFTA and box office in China is down 5% this year despite rosier forecasts.
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