Showbiz Sandbox 495: Coming Up With A Popular Method To Calculate Streaming Residuals
Summary: 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.<br> 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.<br> 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.<br> <br> <br> Venice Film Festival Still On for September, Venice Governor Confirms<br> <a href="https://variety.com/2020/film/global/coronavirus-venice-film-festival-going-ahead-2020-1234615352/" rel="noopener noreferrer" target="_blank">https://variety.com/2020/film/global/coronavirus-venice-film-festival-going-ahead-2020-1234615352/</a><br> TV Fan-Favorite Smash Heading To Broadway as a New Musical<br> <a href="https://www.broadway.com/buzz/199335/tv-fan-favorite-smash-heading-to-broadway-as-a-new-musical/" rel="noopener noreferrer" target="_blank">https://www.broadway.com/buzz/199335/tv-fan-favorite-smash-heading-to-broadway-as-a-new-musical/</a><br> New Zealand Returns To Production, Paving Way For ‘Avatar’ Sequels & ‘The Lord Of The Rings’ Series To Resume Filming<br> <a href="https://deadline.com/2020/05/new-zealand-returns-to-production-paving-way-for-avatar-sequels-to-resume-live-action-filming-1202929138/" rel="noopener noreferrer" target="_blank">https://deadline.com/2020/05/new-zealand-returns-to-production-paving-way-for-avatar-sequels-to-resume-live-action-filming-1202929138/</a><br> Daytime Emmys Rescheduled for June 26 as Virtual Ceremony<br> <a href="https://www.thewrap.com/daytime-emmys-rescheduled-for-june-26-as-virtual-ceremony/" rel="noopener noreferrer" target="_blank">https://www.thewrap.com/daytime-emmys-rescheduled-for-june-26-as-virtual-ceremony/</a><br> Report: Theater Producers and Concert Promoters Call it Quits on 2020<br> <a href="https://www.vanityfair.com/style/2020/05/report-theater-producers-and-concert-promoters-call-it-quits-on-2020" rel="noopener noreferrer" target="_blank">https://www.vanityfair.com/style/2020/05/report-theater-producers-and-concert-promoters-call-it-quits-on-2020</a><br> The Directors and Producers Guild of America Change Their Award Rules<br> <a href="https://www.indiewire.com/2020/05/producers-guild-of-america-revise-award-rules-1202232134/" rel="noopener noreferrer" target="_blank">https://www.indiewire.com/2020/05/producers-guild-of-america-revise-award-rules-1202232134/</a><br> Theatre Stands On The Brink of Ruin<br> <a href="https://www.telegraph.co.uk/theatre/what-to-see/theatre-stands-brink-ruin/" rel="noopener noreferrer" target="_blank">https://www.telegraph.co.uk/theatre/what-to-see/theatre-stands-brink-ruin/</a><br> Coronavirus: National Theatre Preparing fFr ‘Substantial’ Staff Redundancies<br> <a href="https://www.thestage.co.uk/news/coronavirus-national-theatre-preparing-for-substantial-staff-redundancies" rel="noopener noreferrer" target="_blank">https://www.thestage.co.uk/news/coronavirus-national-theatre-preparing-for-substantial-staff-redundancies</a><br> People Magazine to Launch Syndicated Series on Meredith Corp. TV Stations<br> <a href="https://variety.com/2020/tv/news/people-magazine-syndicated-series-rob-silverstein-meredith-corp-1234610280/" rel="noopener noreferrer" target="_blank..."></a>
