As technology and entertainment merge, more big names in film and TV are launching accelerators to produce blockbuster start-ups.» Read More
Apple is in advanced talks with Hollywood’s largest movie studios about launching an online film rental service to challenge cable and satellite TV operators, the Financial Times reports.
"Pirates of the Caribbean: At World's End" hauled in $142.1 million to commandeer the record for best four-day Memorial Day weekend debut, capping a huge month that puts Hollywood on track for record summer business.
We finally made it down to the giant Star Wars Celebration that is being held at the Los Angeles Convention Center through the rest of Memorial Day Weekend.More than 40,000 fans are expected and this is the show of shows for the movie of all movies: the $20 billion "Star Wars" franchise.Our evening show "On the Money" decided to devote the last 40 minutes of the program tonight to recapping CNBC's special, weeklong coverage of "Star Wars." And what a blast!
"Pirates of the Caribbean: At World's End" has already brought in 58 million dollars internationally. The film opened on Wednesday in many overseas countries and Thursday night in the U.S., putting it on track for strong numbers over the long holiday weekend. Seventeen million dollars of that comes from domestic theaters Thursday night, and that number will even bigger after Friday night and the remainder of the holiday weekend.
Thirty years on, the movie franchise gets high marks for mythic originality, special effects and a huge return on investment. Oh yeah, it's also a one-of-a kind cultural phenomenon.
Star Wars explodes on the scene, and in the process, spawns Industrial Light & Magic's technology and special effects revolution. Just like a star exploding and giving birth to a solar system, Star Wars gave birth to the effects that have now appeared in more than 250 Hollywood blockbusters. Everything from Howard the Duck to Twister, Jurassic Park, Terminator, and Pirates of the Caribbean.
Steve Sansweet isn't your average, everyday Star Wars fan. He's more like your very un-average, Star Wars FAN-atic. And his personal collection of Star Wars memorabilia is unlike any collection in the world. That's because it's the world's biggest. He hosted a CNBC crew a few weeks ago for a rare tour of his private, backyard museum...
The summer movie season kicks off with Walt Disney’s Pirates of the Caribbean: At World’s End. Disney’s third installment of Pirates comes after box office records were recently set by the Shrek and Spider-Man sequels. David Brain, CEO of Entertainment Properties Trust, joined CNBC’s Erin Burnett on “Squawk on the Street” to explain how he’s profiting from the big screen.
The Cannes Film Festival is about halfway through, and it's not just about starlets and red carpets -- real business gets done. Cannes is where American filmmakers go to meet with buyers from "foreign properties" to sell their international distribution rights. Often, independent filmmakers will sell foreign rights before the film is made, to finance production -- selling on the strength of the stars and the concept.
How goes the battle against Chinese intellectual piracy? John Taylor, Hoover Institute fellow and former Treasury department undersecretary, joined James Bacchus, chairman of the global trade practice group at Greenberg Traurig, to reassure "Power Lunch" viewers that "we're making progress as we speak."
The Writers Guild of America warned the movie studios and TV networks that they're going to persist with demands for a bigger cut of new-media revenues.The WGA put out its 25-item "pattern of demands," which emphasize that writers must be compensated appropriately when their work is played on digital platforms like the internet or cell phones. That includes work created specifically for those new platforms, or content created for traditional media and repurposed for the new media world.
"Shrek the Third" took in $122 million in its first weekend, breaking the franchise's own record for best debut ever for an animated film, according to studio estimates Sunday. The latest adventure of the ogre shot past 2004's "Shrek 2," the previous record-holder for animated openings with $108 million.
Spider-Man kept up his box office heroics for a second weekend, as the worldwide total for the third film in the superhero trilogy hit $622 million, the film's distributor said on Sunday.
The founder and former CEO of ImClone Systems, Sam Waksal, who is now sitting in prison for his role in the trading scandal that ensnared Martha Stewart, had a reputation for rubbing elbows with the New York glitterati and the Hollywood set. Well, it looks like ImClone is reliving its past.
Disney reports that it continues to support the struggling Hong Kong Disneyland. Well, now we may know one reason why it's struggling. Just as every Disney movie going back to "Steamboat Willie" probably has been pirated in China, China now has a state-owned amusement park that recently included a mouse character, a woman with black hair surrounded by seven... elves... and pirate music. Not pirated music (well, maybe it was), but pirate music.
Summit Entertainment, a new studio launched two weeks ago with $1 billion in financing led by Merrill Lynch, just unveiled its slate of new development projects -- nine that will go into production this year -- with two films going into production this summer. The plan is to release ten to 12 films a year through its domestic pipeline, and they're not wasting any time.
Will Murdoch convince the Bancroft Family to sell Dow Jones? Will he sweeten his already oh-so-sweet $5 billion offer for the Wall Street Journal's parent?There's no better place to find the future than in the past -- in News Corp's case, fiscal third-quarter earnings. Net income increased 6.2%, led by the movie division whose revenues grew a whopping 82% to $410 million, a record for the quarter.
We have an earnings video news report by CNBC/Wall Street Journal Editor Bob O'Brien. Bob looked at three companies--Disney, CVS Caremark and Molson-Coors. Disney reports after the bell today and CVS has already reported. Molson has yet to.
Fox tells us it's developing a sequel to "Wall Street," and published reports say Michael Douglas will reprise his role as the villainous Gordon Gekko. The first movie didn't do that well at the box office back in 1987 ($48 million worldwide), but the REAL Wall Street loved it. Traders still quote dialogue: "If you need a friend, get a dog."
David Bank, managing director at RBC Capital Markets, told CNBC’s “Squawk Box” that the real money from “Spiderman 3” will be made in DVD sales and toys.
Safety experts in the UK are questioning whether the Apple Watch will be as much of a driver distraction as cellphones, NBC News reports.
Actor Rob Lowe, discusses his partnership with Miramax chairman Tom Barrack.
After receiving numerous complaints, Apple has made it easier for users to delete the U2 album it had given to iTunes subscribers.
Actor Rob Lowe, discusses his partnership with Miramax chairman Tom Barrack.
NEW YORK— CBS Corp. said Monday that it signed a long-term deal to continue broadcasting its programs on 12 television stations owned by Media General. "We are excited to continue working with Media General to serve millions of viewers throughout the country," said Ray Hopkins, president of CBS Corp.' s television distribution division, in a statement.
NEW YORK— Nicholas Sparks' romance-drama novels have already found a second life as film adaptations. Sparks is executive producer of the TV movie " Deliverance Creek," premiering Saturday on Lifetime. "Deliverance Creek," starring Lauren Ambrose, is a departure for Sparks because it isn't a romance and isn't set in North Carolina.