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Hollywood Torrent: Summer box office bombs, Netflix’s video game, Taylor Swift

Hollywood Torrent
Hollywood Torrent
From Bloomberg
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Good afternoon from Los Angeles, wherever you may be. Ladies and germs, we have a bomb. "Men in Black: International" is projected to gross about $26 million in North America this weekend, a paltry sum for a $110-million production.

It is possible the movie will break even thanks to ticket sales overseas. The franchise name still means something in far-flung parts of the world. But the movie made about half of what the three previous "Men in Black" films took in their opening weekend — not the sign of a healthy franchise.

Many sharp Hollywood reporters, including Bloomberg's Anousha Sakoui and the Los Angeles Times' Ryan Faughnder, are citing franchise fatigue. The failure of "Men in Black" follows the poor performance of a few other sequels this summer — "Dark Phoenix," the latest "X-Men" film, and "The Secret Life of Pets 2," a sequel to Illumination's hit film from 2016. Both are on track to gross far less than their predecessors.

But I'd like to add a little wrinkle to this idea. Reporters write about franchise fatigue every summer. Here is the LA Times in 2017, Slate in 2016 and Variety all the way back in 2010. Sequels aren't failing because audiences are tired of sequels, reboots and franchises. Sequels are failing because Hollywood makes too many of them, and because many of them are of poor quality.

Every summer, some movies succeed, and some movies fail. If some movies fail and almost every movie released over the summer is a sequel or reboot, that means some sequels and reboots have to fail too. It's just a question of which ones are going to fail.

People only go to so many movies per year. The average person went to 4 movies a year in 2018, about the same amount they did in 2008. If you only go to 4 movies a year, you are going to save those 4 trips for the films you really want to see. Some decisions will be easy; everyone has favorites. People showed up in droves for "Avengers: Endgame" and will do the same next weekend for "Toy Story 4."

Other decisions will be influenced by word of mouth, reviews or a fresh paycheck. And so, if Hollywood reboots an old franchise like "Men in Black" without its two main stars — and then it gets terrible reviews — who exactly is going to go see that movie?

Weekends are our best chance to catch up on whatever movies and TV we missed during the week. But we only have so much time, and so we have to make decisions.

Just this weekend, I watched a few episodes of "Fleabag," the biting Amazon comedy about a young British woman, marveled at Martin Scorsese's new Bob Dylan documentary on Netflix and even caught an old movie (Spike Lee's "Crooklyn.") after the Dodgers game Friday night. If I had some extra time, I might have started Ava DuVernay's "When They See Us" or HBO's "Chernobyl."

One activity I never considered: going to the theater to watch "Men in Black: International." It would appear I am not alone. — Lucas Shaw

 
Netflix is a video game company now

Netflix is unveiling new video games based on its shows, stepping up efforts to turn its streaming platform into a multimedia empire. Stranger Things 3: The Game, a title based on the popular teen series, will come out on July 4, the same day the third season of the show debuts. Netflix has also licensed "The Dark Crystal: Age of Resistance" — a prequel series to the 1980s Jim Henson film — for a game that will debut later this year.

The company isn't developing or producing the video games itself, opting instead to license the characters to outside studios.

Netflix is just starting to explore the possibility of turning its movies and TV shows into other products, and "Stranger Things" has been its guinea pig. The show is one of the service's most popular, especially in the U.S. and among younger viewers. The company licensed a "Stranger Things" mobile game in 2017 and has since struck deals for "Stranger Things" T-shirts, Coca-Cola bottles and ice cream. A new mobile game will debut in 2020.

HBO's teen play

"Euphoria" premieres tonight on HBO, an early and important test of the network's ability to appeal to a younger demographic.

The show is led by former Disney Channel starlet Zendaya, and "follows a group of high school students as they navigate love and friendships in a world of drugs, sex, trauma, and social media." 

Drugs, sex and trauma are not new topics for HBO, but high school is. HBO has always been good at reaching wealthy, adult city dwellers. But it's reached the limits of that audience. It's now supposed to appeal to a larger audience as the centerpiece of its new owner's upcoming streaming service. 

Put another way: Teens love Netflix. They love YouTube. Now AT&T wants them to love HBO too.

 

The king of eSports

Growing up the son of the CEO of Comcast, Tucker Roberts sought refuge in fantasy — Harry Potter, Pokemon, Star Wars. Now he's trying to prove that video games are the future of his father's business. Roberts has made a number of multi-million dollar bets on eSports as the next frontier of entertainment. Chris Palmeri profiles Roberts in the latest issue of Businessweek.

The trust buster

Lina Khan, who wrote the definitive piece on modern anti-trust law, has a new piece on the tech giants.Her argument: A handful of large companies use the popularity of their platforms to serve as gatekeepers for billions of dollars in transactions. They require partners, customers and competitors to use their platforms to access these lucrative markets they've created, and then created businesses that compete within those markets.

The remedy: Structural separations.

Taylor's back

Taylor Swift released a new song this week, and announced her next album will drop August 23. Swift's "You Need to Calm Down" is a rebuke of online trolls, in particular homophobic ones. That would seem like an admirable message, but Esquire's Dave Holmes views it as just one step of a profit-oriented publicity push:

"Attempting to write a gay anthem in 2019 reeks of sweat and substandard self-awareness ... LGBTQ wokeness is a box to check off in a marketing plan, and when there are perfectly capable queer artists out there, sitting down as a straight person and setting out to write a gay anthem is very much like trying to give yourself a nickname."

 

The week that was

  1. Viewership of the NBA finals has slipped from recent years. Blame the absence of Lebron James, the most famous player in the world.
  2. Game 7 of the Stanley Cup Finals was the most-watched NLF game since at least 1994. The game averaged 9 million viewers, and the audience peaked at 10.4 million.
  3. The #1 album in the U.S. is… Thomas Rhett's "Center Point Road." It is the first country album to top the charts this year.
  4. A fire at Universal Studios destroyed the masters of hundreds of thousands of songs, according to an investigation by the New York Times Magazine. The article calls it " the biggest disaster in the history of the music business," which is the most hyperbolic claim I've read this week.
  5. Vice is ending its relationship with HBO, and is now shopping a daily news show to other outlets. Josh Tyrangiel, who oversaw Vice's current daily news show, will leave the company.
  6. BET is going to sell a streaming service featuring original movies and TV shows from producer Tyler Perry, who has a production deal with BET's owner Viacom. The name? BET+.
  7. Despite recent progress in hiring, no late night comedy show has a writers room that is 50 percent or more female.
  8. The CBS board met Friday as it weighs whether to merge with Viacom.
 

Weekly playlist

This is a good time to revisit Dylan's "Rolling Thunder" tour, but if you are hungering for something new: Khruangbin and Tove Lo's "Glad He's Gone."

 
 

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