Ratings for this year's awards shows have so far made for uncomfortable reading for the US TV networks. The Golden Globes pulled in only 6.9 million viewers this month – a 63 per cent drop from the 18.3 million who watched last year, which itself was an eight-year low for the traditional Oscars curtain-raiser, according to market research company Nielsen.
The Globes, it must be said, was a technical disaster. Taking place remotely, from the very first prize, things went awry. Best Supporting Actor Daniel Kaluuya's acceptance speech was inaudible, and the glitches continued.
That technical nightmare may have lost viewers, but the same cannot be said for the Grammys. It minimised Zoom interaction in favour of performances from some of music's biggest names, including Taylor Swift and Billie Eilish. There was critical praise, but Nielsen reported that viewership still slumped by 51 per cent from last year to 9.2 million, the show's lowest ever.
The Oscars team must be nervous ahead of the ceremony this month. Viewership for last year's telecast already hit an all-time low of 23.6 million, as recorded by Nielsen's Live+Same Day Fast National ratings, continuing a downward trend that has resulted in audiences slipping from 40 million pre-2015.
Are TV ratings dropping because of the pandemic?
The networks have been quick to blame the pandemic, and they do have a point. There have been no blockbuster movies or touring musicians, no office water-cooler moments to discuss the latest must-see, and with no red carpets, the shows are undoubtedly less appealing than in previous years.
This is not a new trend, though – all the major awards’ ratings have been declining for at least half a decade. The pandemic may have hastened the process, but it certainly did not create it.
Social media has also played a part. There was a time when these events were the only chance for fans to see all their favourite A-listers in one place, and the opportunity to check out their fashion choices on the red carpet was almost as appealing as the glitzy ceremonies awards themselves. Now people simply log on to Instagram or Twitter for live updates on who won what, clips of their favourite celebrities, and the best, curated viral posts. The need to commit to a three-hour-plus TV marathon now seems like ancient history.
This links in with changing audience demographics, too. Variety magazine reported that last year, the median viewer age for the big four ceremonies – the Oscars, Emmys, Globes and Grammys – passed 50 for the first time. Among the 18 to 49 demographic (the most regular social media users), Nielsen's data shows that the Globes suffered a 68 per cent fall this year.
Too many shows that are simply too long
Awards shows may be feeling the pressure now, but historically they've been ratings gold, such as in 1998 when more than 55 million people watched Titanic pick up 11 Oscars. Networks saw awards shows as easy winners, but oversupply could now be biting back. As well as the big four, US audiences have the Tony Awards, Country Music Association Awards, Billboard Music Awards, MTV Video Music Awards, and many more, mostly screening within a few weeks of each other. It's simply too much.
As well as the sheer volume, each show is long – really long. Last year's Oscars clocked in at three hours and 36 minutes, much of it dedicated to prizes of little interest to those outside the industry or celebrating films such as Parasite and JoJo Rabbit, which, although great movies, hadn't really resonated at the mainstream box office.
The rambling acceptance speeches don't help, either. For many they're simply irritating, but for others they're like holding up a red rag to a bull. Whether it's Joaquin Phoenix advocating for veganism or Rami Malek speaking up for immigrants, a 2017 survey by the US National Research Group revealed that 68 per cent of Trump voters disliked political speeches at the Oscars, while 66 per cent simply switched off the TV in response. That's a huge proportion of your audience to actively alienate, however worthy the cause.
How streaming platforms factor in
The growth of streaming, meanwhile, has changed the industry landscape. Ricky Gervais quipped while hosting the 2020 Globes that "no one watches network TV anymore". He wasn't entirely wrong. Nielsen found that from 2014 to 2019, primetime audience numbers for major US networks dropped by 20 per cent.
Over the same period, the number of US households with a subscription to Netflix, Amazon Prime Video or Hulu shot up significantly from less than half to more than three quarters.
Audiences simply can't watch everything, and if you haven't seen half of the movies or shows that are up for an award, you're less inclined to take an interest
Streaming platforms have also instilled an expectation among audiences that content is there whenever we want it. The idea of setting three hours aside at a specific time for live TV is almost alien to younger viewers who are accustomed to bingeing an entire series when they have the time, but pausing and doing something else when they don't.
Streaming has further led to a huge increase in the amount of content available. In 2010, a total of 216 scripted TV shows were available for Emmy consideration, said FX Networks chairman John Landgraf, last year. By 2019, that figure had surged to 532. Audiences simply can't watch everything, and if you haven't seen half of the movies or shows that are up for an award, you're less inclined to take an interest.
So will awards shows go away?
It's not all bad news. Even with reduced audiences, the biggest awards still rank among the most-watched shows on TV. Nielsen's data shows that last year's Oscars was the second-highest-rated entertainment show of 2020, behind the post-Super Bowl premiere of The Masked Singer, and was the eighth most-viewed show overall. The Grammys and Globes made the top 20, too.
We won't see awards shows disappear, but we may see them somewhere new. Dick Clark Productions, the producer behind the Globes, is lobbying Disney to put this year's American Music Awards on ABC and Hulu, and NBC to simulcast the Billboard Music Awards on streaming platform Peacock.
If audiences are heading to streaming sites, logically, awards shows should, too. "It's not a creative or content issue," Dick Clark's president, Amy Thurlow, told Bloomberg in response to 2020 viewership numbers for the Globes. "It's a distribution issue."
Amazon has already stepped into live event TV with sports, including New York Yankees baseball and the English Premier League and Champions League football. If awards shows are next for streaming platforms, there could be many more uncomfortable viewing figures to come for traditional broadcasters.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
RESULTS
Women:
55kg brown-black belt: Amal Amjahid (BEL) bt Amanda Monteiro (BRA) via choke
62kg brown-black belt: Bianca Basilio (BRA) bt Ffion Davies (GBR) via referee’s decision (0-0, 2-2 adv)
70kg brown-black belt: Ana Carolina Vieira (BRA) bt Jessica Swanson (USA), 9-0
90kg brown-black belt: Angelica Galvao (USA) bt Marta Szarecka (POL) 8-2
Men:
62kg black belt: Joao Miyao (BRA) bt Wan Ki-chae (KOR), 7-2
69kg black belt: Paulo Miyao (BRA) bt Gianni Grippo (USA), 2-2 (1-0 adv)
77kg black belt: Espen Mathiesen (NOR) bt Jake Mackenzie (CAN)
85kg black belt: Isaque Braz (BRA) bt Faisal Al Ketbi (UAE), 2-0
94kg black belt: Felipe Pena (BRA) bt Adam Wardzinski (POL), 4-0
110kg black belt final: Erberth Santos (BRA) bt Lucio Rodrigues (GBR) via rear naked choke
RESULTS
2pm: Maiden Dh 60,000 (Dirt) 1,400m. Winner: Masaali, Pat Dobbs (jockey), Doug Watson (trainer).
2.30pm: Handicap Dh 76,000 (D) 1,400m. Winner: Almoreb, Dane O’Neill, Ali Rashid Al Raihe.
3pm: Handicap Dh 64,000 (D) 1,200m. Winner: Imprison, Fabrice Veron, Rashed Bouresly.
3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m. Winner: Raahy, Adrie de Vries, Jaber Ramadhan.
4pm: Maiden Dh 60,000 (D) 1,000m. Winner: Cross The Ocean, Richard Mullen, Satish Seemar.
4.30pm: Handicap 64,000 (D) 1,950m. Winner: Sa’Ada, Fernando Jara, Ahmad bin Harmash.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
UAE SQUAD
Khalid Essa, Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Bandar Al Ahbabi, Mohammad Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoon Al Zaabi, Ali Saleh, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
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COMPANY%20PROFILE
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MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
The Kites
Romain Gary
Penguin Modern Classics
Mohammed bin Zayed Majlis
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
AS%20WE%20EXIST
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US tops drug cost charts
The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.
Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.
In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.
Some of the costliest drugs worldwide include Lipitor for high cholesterol.
The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.
High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.