Documentarian Ken Burns, discusses the recently released "Ken Burns" iPad app which curates all of his films into easily digestible thematic playlists. Burns also discusses his new film, "The Address."» Read More
Sumner Redstone thinks he'll live forever. Last fall on CNBC's "Conversations with Michael Eisner" when Eisner asked what his succession plan was, he said he'd live forever. If Thursday's news is any indication he was serious! It's been widely reported--first in Fortune and then also immediately in The Wall Street Journal, that Sumner and Shari Redstone had a huge falling out and that Shari would be stepping down from Viacom's board--presumably trading her stake in Viacom and CBS for full ownership of National Amusements, the theater chain which she currently runs and also has a stake in.
Scholastic, which distributes the Harry Potter book series in the United States, said Wednesday it will take legal action against two companies for distributing and selling copies of "Harry Potter and the Deathly Hallows" before it goes on sale July 21.
The Warner Bros. fantasy sequel "Harry Potter and the Order of the Phoenix" conjured up a $77.4 million debut to lead the weekend box office, according to studio estimates Sunday.
Shares of DreamWorks Animation SKG, the animation film studio behind "Shrek," rose on Friday after an analyst began coverage of the company with a "Buy" rating, predicting gains from upcoming films
It's been a whirlwind here at the Allen & co. Conference--watching and interviewing all the biggest names in the media world. Everyone's paying close attention to Rupert Murdoch. He rushed into the Sun Valley Inn Wednesday morning just in time for breakfast. .
Microsoft. said Tuesday it struck a deal to make 35 Disney movies, such as the animated hit "Aladdin" and the action title "Armageddon," available for download on its online video game service.
"Transformers" took the box office by storm this weekend, bringing in a total of $152 million at the domestic box office since it opened on Tuesday, and a total of about $250 million worldwide. This isn't just a nice summer opening--this is huge news for Paramount, which is going to get a huge boost from this hit: not just from its take on this film, but also from the fact that it's Paramount's first potential franchise since Mission Impossible. And unlike the MI series, they're not relying on a huge star (Tom Cruise), nor are they paying him a huge chunk of gross.
The shape-shifting robots of "Transformers" have taken on a new form: Huge piles of cash.
In a scientific tie-in to the new Picture film "Ratatouille" (do scientists do this on purpose?) lab humans observing lab rats have determined that rats who've been helped in the past "pay it forward." This is, they claim, the first proof of "indirect reciprocity" in non-humans. In other words, rats that were helped in the past are more likely to help a stranger in the future. The report was published in Los Biology, an online open access journal (the same place I found the stuff about fruitflies having free will--what a gold mine that site is).
Walt Disney's animated movie "Ratatouille" opens Friday against strong competition from better-known franchise films, drawing early industry skepticism that it can match its predecessors' success and posing a challenge for Disney.
I attended the "Transformers" premiere Wednesday night--and my first star spotting epitomized the importance of the film for its parent company. It was Sumner Redstone (he qualifies as a star for the CNBC set) and he was slowly retreating from the hubbub of the red carpet and (surrounded by bodyguards) slipping into a black car.
The Motion Picture Association of America filed suits late Tuesday on behlaf of Paramount Pictures and 20th Century Fox against YouTVpc.com and Peekvid.com. The Wall Street Journal broke the story Wednesday night. The sites don't actually provide copyright-violating material--which is their defence--but they do show users where to find that material, which is the studios' problem with the site.
The businesses of movie making and video game making are tighter than ever. Today, they're rubbing shoulders at the Hollywood and Games Summit. These are two industries that need each other more than ever. Movie studios count on the reliable licensing fees that come from selling 5 million video games. And the video game makers like the fact that by paying a licensing fee they can tap into a guaranteed fan base, and all those marketing dollars the studios have spent. Virtually every big summer movie is also a video game: "Pirates," "Spiderman," "Shreck," and coming up "Ratatouille," "Transformers," and "Harry Potter."
Update: Here's Dimension's response to my blog post: "We are not going to publicly comment on a private business matter." Earlier Post: Two Hollywood insiders just forwarded me an email exchange between Endeavor Agency partner Tom Strickler and Dimension Films President of Production Richard Saperstein about a new “spec” script that Endeavor sold to New Line called “$40,000 Man.” Per Variety, the script is about “an astronaut who finds himself horribly injured in a car accident and rebuilt by the government to be a bionic man, on a budget of $40,000-which makes him not that bionic.” Sounds kind of funny, right?
Legendary Pictures has raised $1 billion plus in new financing, and extended its first-look co-producing and co-financing deal with Warner Bros. through 2012. This means that their first partnership--which they say was profitable--worked out for both parties. About a year ago all my Hollywood banker pals were talking about how the private equity money was going to start pulling out of these movie studios--it's unstable, risky, and Wall Street can get burned.
"Ratatouille" is Disney/Pixar's first joint venture since the acquisition, and the movie--and its associated merchandise -- is exactly why Disney wanted to snap up Pixar. The film's opening on Friday but I got a sneak peak at the premiere a week early, and I was seriously impressed. Call it "Cyrano de Spice Rack", it's the story of a rat who loves to cook, and befriends the garbage boy in the best restaurant in Paris, becoming his secret chef. I was really impressed.
"Evan Almighty" did not live up to its name at the weekend box office in North America.
There's no question that "Sicko" is impacting the national debate on health insurance--but will the movie be a box office hit? It's gotten an incredible amount of press, but as we saw with "Snakes on a Plane," media and YouTube, buzz doesn't always mean box office dollars. (A YouTube search finds 4,800 "Michael Moore" related videos--of those 2,200 come up for "Sicko.)
The tables have turned. Over the past couple of years I've been to a number of pharmaceutical industry related and drug company events--where the security and paranoia have been noticeably increased over what I referred to as "The Michael Moore Effect". Ever since it became known that the documentary filmmaker was setting his sites on healthcare the companies I cover have been on heightened alert. But, at least for now, I think they can let their guard down.
Hollywood's superhero foursome is still fantastic at the box office.
Sirius and Charter might have been partners in broadband domination, but they look better apart without a cable deal.
Regulators say "Hunger Games" maker engaged in a series of transactions in 2010 without properly explaining the maneuver to investors.
Netflix is betting on international expansion to keep its numbers up. The next stop is Europe.
March 14- Latino-focused cable network NuvoTV has made an offer to buy Madison Square Garden Co's Fuse TV for more than $200 million in cash and stock, Bloomberg reported, citing people with knowledge of the matter.
SHANGHAI, March 14- Waning popularity and a wounded reputation are likely to dull the edge of China's consumer day TV expose when it airs on Saturday, offering some relief for companies that have in the past taken pains to avoid any fallout from the once-a-year show.
Warren Buffett's Berkshire Hathaway will get a Miami television station as it breaks long-standing ties with the former Washington Post Co.