Category Archives: business
Actress Cameron Diaz Tops List of Search Threats (NewsFactor)
NewsFactor – If you like keeping tabs on actress Cameron Diaz, you may be better off sticking to People magazine and Access Hollywood rather than Googling her. A report from security vendor McAfee says the actress is this year’s number-one celebrity whose search results are likely to infect your computer. Continue reading
Time Warner posts rise in 2Q earnings, boosts view (AP)
AP – A rebound in advertising markets and strong box office results helped lift Time Warner Inc.’s second-quarter profit 7 percent, the media conglomerate said Wednesday.
IMAX aims to nearly triple China presence (AFP)
AFP – Canada’s IMAX Corp is aiming to nearly triple the size of its big-screen network in China, state media said Tuesday, as it looks to tap into huge box office receipts fuelled by a growing middle class.
Movie tax cuts ‘help struggling California economy’ (AFP)
AFP – A year-old program granting movie studios tax breaks for filming in California has saved jobs and should yield two billion dollars in direct spending, Governor Arnold Schwarzenegger said.
BSkyB Q4 net profit up nearly fourfold (AP)
AP – British Sky Broadcasting’s profit nearly quadrupled in its fourth quarter, the satellite broadcaster said Thursday as it announced an exclusive deal to carry new Home Box Office programming in the U.K. Continue reading
Imax inks deal for 8 more theaters in China (AP)
AP – Imax Corp. said Wednesday it has signed a deal to add eight more of its jumbo-screen movie theaters in China. Continue reading
Hasbro 2Q net income beats expectations (AP)
AP – Toy maker Hasbro Inc.’s second-quarter profit rose 11 percent as falling spending outpaced the drop in sales of Transformers and G.I. Joe toys, which had new movie tie-ins last year.
Summary Box: Mattel 2Q net income doubles (AP)
AP – THE RESULTS: Toymaker Mattel Inc.’s second-quarter net income more than doubled, boosted by strong sales of Barbie, Hot Wheels and “Toy Story 3″ toys. Continue reading
Filmmaker: I was undercover operative for law firm (AP)
AP – A filmmaker who went to Nicaragua to make a documentary said Thursday he became an undercover operative for a Texas law firm that was suing Dole Foods on behalf of purported banana plantation workers who claim they were left sterile by pesticide exposure. Continue reading
Imax says 2Q box office sales grew (AP)
AP – Canadian giant-screen movie company Imax Corp. said Wednesday its remastered gross box office sales grew 37 percent in the second quarter from a year earlier. Continue reading
Netflix Challenges Pay-TV Model with Relativity Deal (NewsFactor)
NewsFactor – In a move to better position itself against cable television, Netflix on Tuesday announced a long-term agreement with Relativity Media that lets subscribers stream newly released DVDs during the pay-TV window. Until now, these new movies were only available to Relativity’s partners for broadcast on premium TV channels. Continue reading
Harkins Theatres owner cited for animal neglect (AP)
AP – Police say the owner of a movie theater chain has been cited for animal neglect after he allegedly left his dog in a car in Arizona for more than three hours. Continue reading
Harkins Theatres owner cited for animal neglect (AP)
AP – Police say the owner of a movie theater chain has been cited for animal neglect in Arizona after he allegedly left his dog in a car for more than three hours. Continue reading
Imax, Disney in deal for 3 movies in 3D (AP)
AP – Imax Corp. and Walt Disney Studios said Wednesday that they have agreed on a deal to release three more 3D movies to Imax theaters next year. Continue reading
Liberty Media to split off Capital and Starz units (Reuters)
Reuters – Liberty Media Corp, the media conglomerate controlled by mogul John Malone, said on Sunday it plans to spin-off two of its units — investment arm Liberty Capital and pay TV and Hollywood studio unit Liberty Starz . Continue reading
BP partners with actor Costner to fight spill (AFP)
AFP – Hollywood star Kevin Costner and BP Chief Operating Officer Doug Suttles announced plans to begin using an invention that the actor says will accelerate clean-up of oily water from the gushing Gulf leak.
Summary Box: Box-office futures trading OK’d (AP)
AP – NEW BOX-OFFICE TRADING OK’D: Federal regulators have allowed a new online exchange to proceed to trade future box-office receipts for movies. The Commodity Futures Trading Commission voted 3-2. Continue reading
Boeing 787 test pilot stars in new IMAX movie (AP)
AP – The chief test pilot for Boeing’s 787 jetliner program is becoming a movie star.
CFTC delays decision on movie futures (AP)
AP – Federal regulators have postponed for one week a decision on whether to allow a new online exchange to proceed to trade future box office receipts for movies. Continue reading
Imax gets deal for 2 more theaters in China (AP)
AP – Imax Corp. said Thursday it struck a deal to install two more of its jump screens with Chinese movie theater operator Stellar Investment Co. Continue reading
Ahead of the Bell: Imax expectations cut (AP)
AP – Imax Corp.’s second-quarter results may come in below current Wall Street expectations because of disappointing box office results, a Morgan Joseph analyst said Wednesday. Continue reading
Imax, AMC to add 15 to 25 more Imax theaters (AP)
AP – Imax Corp. said it will open 15 to 25 new theaters next year as part of an expanded joint venture with movie theater chain AMC Entertainment Inc. Continue reading
Movie theater shares down after holiday weekend (AP)
AP – Shares of movie theater operators dropped Tuesday after a disappointing holiday weekend at the box office. Continue reading
Universal to distribute 20 films from MRC (AP)
AP – Universal Pictures said Thursday it will distribute up to 20 films from production company Media Rights Capital over five years starting in 2011. Continue reading
Money manager to stars ran fraud: prosecutors (Reuters)
Reuters – Kenneth Starr, a New York investment adviser to celebrities such as movie director Martin Scorsese and actor Uma Thurman, was arrested by U.S. agents on Thursday on charges of running an alleged investment fraud of as much as $30 million, prosecutors said. Continue reading
NY court to hear filmmaker protest in Chevron case (AP)
AP – A federal appeals court in New York has temporarily blocked a judge’s order forcing a filmmaker to release raw footage from a documentary about a legal dispute between Chevron and Ecuadoreans over oil contamination. Continue reading
Regulators express concerns on movie futures (AP)
AP – People who finance movies have come up with a way to make money even when a film goes bust. Continue reading
Regulators express concerns on movie futures (AP)
AP – People who finance movies have come up with a way to make money even when a film goes bust. Continue reading
Final credits rolling for Movie Gallery (AP)
AP – Final credits are rolling for the nation’s second-largest movie rental chain as consumers increasingly get movies through the mail, vending machines and high-speed Internet connections. Continue reading
Analyst downgrades Dreamworks, sees weak ‘Shrek’ (AP)
AP – An analyst downgraded DreamWorks Animation SKG Inc. on Tuesday, predicting lower-than-expected box office receipts for its “Shrek Forever After” animated film. Continue reading
Greek official quits over singer husband’s taxes (AP)
AP – Greece’s deputy tourism minister resigned after tax officials said her husband, a popular singer and former film star, owes millions of euros in unpaid taxes, a major embarrassment for the cash-strapped government which is waging a war on tax evasion.
Greek official quits over singer husband’s taxes (AP)
AP – Greece’s deputy tourism minister resigned Monday after tax officials said her husband, a popular singer and former film star, owes millions of euros in unpaid taxes, a major embarrassment for the cash-strapped government’s war on tax evasion.
`Iron Man 2′ stays atop box office with $53M (AP)
AP – Steel bested bows and arrows at the movies this weekend, with “Iron Man 2″ fighting off the new release “Robin Hood” to stay at the top of the box office. Continue reading
Summary Box: Disney posts jump in 2Q earnings (AP)
AP – PROFIT JUMPS: The Walt Disney Co. posted a 55 percent jump in fiscal second-quarter earnings Tuesday, helped by strong box office sales for “Alice in Wonderland.” Continue reading
Disney posts 55 pct jump in 2Q earnings (AP)
AP – The Walt Disney Co. is still getting mixed messages from consumers. Continue reading