After months of heated debates and clashes, the French film industry has set new windowing rules for movies that are released in local theaters. Netflix is the only streamer to have signed the agreement and will therefore benefit from having access to fresh movies 15 months after their theatrical release, in comparison to the 36 months under previous windowing guidelines.
Last month, a troubling report revealed that live concerts were grappling with a serious no-show problem, with 20 percent of ticketholders opting not to attend certain big-name gigs. Now, ahead of a jam-packed event schedule for the remainder of 2022, the figure has spiked to 50 percent for indie music venues, according to the National Independent Venue Association (NIVA).
Investors apparently decided all at once that they’re not into deficit-financed companies, in streaming video or any other wildly overvalued corner of technology. What that means when all the major streaming services plan to spend billions more than they’re bringing in to fuel a brutal arms race for attention is suddenly much more complicated.
Netflix has pumped billions of dollars into original programming — but overall, its library of older licensed TV shows far outperforms homegrown hits like “Squid Game” or “Bridgerton.” In 2021 on Netflix, “Criminal Minds,” the crime-drama procedural that aired on CBS from 2005-20, scored as the most-viewed TV show among U.S. streaming platforms tracked by Nielsen.
The European Parliament has approved the Digital Services Act (DSA), including several key changes. The proposed legislation adds a right for people to use and pay for online services anonymously. However, the amendments to ban site blocking and ‘dumb’ upload filters were voted down by the majority.
Adapt and reinvent on a massive scale. That’s the 2022 strategic advice for media and entertainment companies looking to use blockchain, NFTs and metaverse experiences to engage consumers and build new products, according to Deloitte’s new report. Analysts said they see these individual trends growing as individual forces and working together to reorganize “the structural foundations of the internet.”
Whether you’re a novice or veteran filmmaker, for a film to go from script to screen, there must be an adequate source of funding from various investors, grants, and other third parties. With the rise of NFTs, filmmakers have found an opportunity to use blockchain technology to acquire the necessary funds to bring their vision to life.
Even though we are well past the transposition deadline (7 June 2021), and the European Commission initiated infringement proceedings against most European Union Member States, 17 countries have yet to initiate or finalise the transposition process. As of today, the countries who have national laws in place that transpose the CDSM Directive are Austria, Croatia, Estonia, France, Germany, Hungary, Ireland, Italy, Malta, Netherlands and Spain.
Hollywood production bounced back in 2021, skyrocketing 141% versus 2020 thanks to a slew of new TV series. FilmLA, which tracks productions shot in Los Angeles and found last year that shoots in summer 2020 were cut in half, said last year’s July to September period marked the third-strongest quarter in 26 years, with over 10,000 days of filming recorded in the greater LA area.
Microsoft described the $75 billion acquisition of videogame giant as a pathway to the metaverse, a future vision of the internet that is the subject of growing hype. “When we think about our vision for what a metaverse can be, we believe there won’t be a single centralized metaverse,” Microsoft Chief Executive Officer Satya Nadella said on the call. “We need to support many metaverse platforms.”