Authors:
Historic Era: Era 10: Contemporary United States (1968 to the present)
Historic Theme:
Subject:
December 1998 | Volume 49, Issue 8
Authors:
Historic Era: Era 10: Contemporary United States (1968 to the present)
Historic Theme:
Subject:
December 1998 | Volume 49, Issue 8
Oscar Hammerstein I, the great theatrical impresario of the turn of the century, once famously said that “there is no limit to the number of people who will stay away from a bad play.” Hammerstein, who had his share of flops, knew what he was talking about, and his dictum remains every bit as true today.
Of course, in Hammerstein’s time, the opposite—that there are strict limits on the number of people who can come to a good play—was equally true. Only about 1800 people can fit into even the largest Broadway theater, so a sellout show has to run well over a year before a million people can see it.
Today, technology has changed that completely. A hit movie can be seen simultaneously in thousands of theaters, several times a day. Titanic has been out only about a year, but something on the order of half the human race has seen it already.
Television is even more of a mass medium. When Cinderella, the only television musical written by Richard Rodgers and Oscar Hammerstein II (grandson of the impresario), had its one performance, on March 31, 1957, 107 million Americans watched it. That’s more people than had seen all the theatrical productions of Rodgers and Hammerstein’s first musical, Oklahoma!, throughout the world since the original had opened on Broadway fourteen years earlier to the day.
Television’s unparalleled power to reach a mass audience is the reason that Titanic was not the biggest entertainment moneymaker of 1998. Titanic’s worldwide box office is well over a billion dollars, and that, to be sure, is a long way from hay. But it’s easily trumped by the $1.7 billion that was paid for the syndication rights to “Seinfeld” in 1998, especially when you consider that a movie’s take at the box office is gross and the sale of television syndication rights is pure bottom-line profit.
Syndication is simply the sale of rights to broadcast old episodes of a television show. This is big business. Anyone with a couch and a clicker can, in the course of an evening, channel-surf through the whole history of television sitcoms, from “The Honeymooners” to “Bewitched” to “M.A.S.H.” to “The Mary Tyler Moore Show” to “The Golden Girls” to “Cheers” to “Laverne and Shirley” to “Cosby” to “Seinfeld.”
One of the nicer aspects of syndication is that the major creative artists involved in the original production, not just the “suits” who finance it, are cut in on the action. Jerry Seinfeld, who was the co-creator as well as the star of his eponymous sitcom, will bank an altogether-tidy $250 million from the sale of its syndication rights.
The reason for this is not any excess gratitude on the part of the suits, I assure you. Rather, it is that the very idea of syndication was dreamed up by a very savvy businessman who happened to be the husband