Summary: Kevin Reilly, chairman of entertainment at Fox Broadcasting, realizes the ways people watch TV have radically and irrevocably changed. He believes the industry has not even remotely caught up to that fact yet. Or, as he puts it, “We have our head up our ass.” We’ll discuss the checklist Reilly provided at recent industry event which touched on every facet of the business. As the year draws to a close the awards season has begun to heat up as both the Gotham Awards and European Film Awards were handed out last week. We’ll give you a rundown of who the big winners were and which movies are topping the first few year-end critics polls. In theater news one can make it big with an Off-Broadway production, they just can’t make big money. A few recent hit shows are closing after barely breaking even or never turning a profit. Of course we also cover the week’s top entertainment headlines including a list of top earning musicians, Jeff Zucker lands at CNN and why China may surpass the United States as the biggest movie market in the world. MoMA Adds Video Games to Its Collection http://artsbeat.blogs.nytimes.com/2012/11/29/moma-adds-video-games-to-its-collection/ (http://artsbeat.blogs.nytimes.com/2012/11/29/moma-adds-video-games-to-its-collection/) 'Breaking Dawn - Part 2' Sets New Franchise Foreign Record, Drawing Nearly $450 Million http://www.hollywoodreporter.com/news/foreign-box-office-breaking-dawn-396637 (http://www.hollywoodreporter.com/news/foreign-box-office-breaking-dawn-396637) Daniel Day-Lewis, Rachel Weisz Win at NY Film Critics Circle Awards http://www.hollywoodreporter.com/news/new-york-film-critics-circle-396699 (http://www.hollywoodreporter.com/news/new-york-film-critics-circle-396699) Michael Haneke's 'Amour' Wins Big at European Film Awards http://www.hollywoodreporter.com/news/michael-hanekes-amour-wins-big-396607 (http://www.hollywoodreporter.com/news/michael-hanekes-amour-wins-big-396607) Moonrise Kingdom Wins Best Feature at the Gotham Awards http://www.vulture.com/2012/11/moonrise-kingdom-wins-at-the-gotham-awards.html (http://www.vulture.com/2012/11/moonrise-kingdom-wins-at-the-gotham-awards.html) Seth MacFarlane Announces College Search for Oscar Presenters http://www.hollywoodreporter.com/race/oscar-host-seth-macfarlane-announces-395875 (http://www.hollywoodreporter.com/race/oscar-host-seth-macfarlane-announces-395875) Fox Chief on the TV Industry: 'We Have Our Head Up Our Ass' http://www.hollywoodreporter.com/news/fox-chief-tv-industry-we-395252 (http://www.hollywoodreporter.com/news/fox-chief-tv-industry-we-395252) CBS Orders Stephen King's 'Under the Dome' Straight to Series for Summer 2013 http://www.hollywoodreporter.com/live-feed/stephen-king-under-dome-cbs-summer-395495 (http://www.hollywoodreporter.com/live-feed/stephen-king-under-dome-cbs-summer-395495) A Struggling CNN Worldwide Is Said to Be Drawn to Jeffrey Zucker http://www.nytimes.com/2012/11/28/business/media/jeffrey-zucker-expected-to-be-next-president-of-cnn.html (http://www.nytimes.com/2012/11/28/business/media/jeffrey-zucker-expected-to-be-next-president-of-cnn.html) What Jeff Zucker Actually Said About Running CNN Today http://www.adweek.com/news/television/what-jeff-zucker-actually-said-about-running-cnn-today-updated-145505 (http://www.adweek.com/news/television/what-jeff-zucker-actually-said-about-running-cnn-today-updated-145505) Broadway Audience Continues Growth Trend, Boosting Record Year http://www.hollywoodreporter.com/news/broadway-audience-continues-growth-trend-396749 (http://www.hollywoodreporter.com/news/broadway-audience-continues-growth-trend-396749) ‘King Kong’ Producer Eyeing Spider-Man’s Broadway Lair http://artsbeat.blogs.nytimes.com/2012/11/29/king-kong-producer-eyeing-spider-mans-broadway-lair/ (http://artsbeat.blogs.nytimes.com/2012/11/29/king-kong-producer-eyeing-spider-mans-broadway-lair/) Tribes Recoups Investment; Plays Through January 6
