Charlie Baker's proposal to do away with the decade-old tax break for movie and TV production in Massachusetts. Citing a recent report from the state Department of Revenue, Secretary of Economic Affairs Jay Ash said for each dollar in tax incentives for the film industry from 2006 to 2012, the state received 13 cents in offsetting revenue.» Read More
The 100 day-long writers strike is officially over. After voting overwhelmingly to return to work Tuesday afternoon, writers returned to the job. It's clear just driving around Los Angeles that things are picking up again--the traffic's much worse! (No joke). Writers and the studios are rushing to throw together pilots for the fall TV season.
The Lord of the Rings" trilogy was a huge franchise for Time Warner's New Line Cinema--bringing in about $3 billion at the worldwide box office alone. Now, J.R.R. Tokien's estate, a British Charity Called the Tolkien Trust, is suing New Line for its alleged failure to pay a percent of gross profit of the three films based on Tolkien's books.
It's about time. The writers guild strike is coming to an end and Hollywood should be back at work by Wednesday. The Writers Guild leadership unanimously approved the tentative deal made with the studios, and now the only step left, is the Writers Guild membership vote on Tuesday at the Writers Guild theater.
Online video rental company Netflix said Monday it would exclusively stock Blu-ray high-definition DVDs after a decision by some the world's biggest movie studios in favor of the Sony developed format.
In their second on-screen pairing, Matthew McConaughey and Kate Hudson returned to the top of the North American box office Sunday with the adventure comedy "Fool's Gold."
Michael Eisner may have said on CNBC's "Fast Money" that "The strike is over" -- but it's not QUITE there yet. Almost, but not quite. And Eisner's optimism definitely reflects the hopeful mood in Hollywood...
First of all, CNBC needs to open a bureau in Hawaii and pay me $20 million to run it. Ok, now that I've stopped drinking Mai Tais, let me tell you some things I've learned about making money here.
This morning IAC/InterActive Corp posted its earnings, and while they were messy, Chief Executive Barry Diller seemed quite satisfied. IAC swung to a fourth-quarter net loss of $369.9 million, from a net income of $15.3 million a year earlier. But this actually was good news for Diller.
Today, Time Warner reported its quarterly earnings and investors were very happy with what they heard on the post-earnings conference call. Jeff Bewkes, in his first call as Time Warner chief executive, presented his restructuring plan. Time Warner stock gained as much as 3% during the day, ending up about 2%...
Time Warner is working on splitting AOL's audience and access businesses and running the two as independent entities, Chief Executive Jeffrey Bewkes said.
News Corp isn't worried about the writers' strike or a consumer turndown--not after its numbers turned out to be so strong. And Rupert Murdoch is optimistic--the company raising its guidance for its fiscal year ending this summer.
This weekend, Disney broke all records with its limited release 3-D movie "Hannah Montana & Miley Cyrus: Best of Both Worlds Concert (3-D)." And the film's huge profit margin proves that CEO Bob Iger's strategy--building brands to exploit across the company's many platforms--really works.
Yes, it's true, after nearly four months and seemingly endless picket lines, the writers and the producers are close to a deal. After the Directors Guild renegotiated its contract, the Writers Guild leadership sat down with the Alliance of Motion Picture and Television Producers (AMPTP) -- and this time, Walt Disney Co. Chief Executive Bob Iger and Fox's Peter Chernin were leading those negotiations.
Walt Disney's 3-D movie "Hannah Montana & Miley Cyrus: Best of Both Worlds Concerts" topped movie box offices, raking in $29 million for the biggest opening for a normally slow Super Bowl weekend, according to studio estimates Sunday.
The Writers Guild strike is 12 weeks old and wreaking havoc on the TV biz. There's no new scripted programming. The Oscars are less than a month away, and with no promises yet from the WGA that they won't picket, there are serious fears it could turn into another movie-clip heavy press conference. We've got reality TV alright, tons of it--but the viewers aren't satisfied.
As we lead up to Super Tuesday I've been reporting on the intersection of Hollywood and politics. Hollywood plays a key role raising awareness about issues, and candidates. (Though I wouldn't say that a Hollywood endorsement is necessarily a good thing).
Fake Jane was complaining to Fake Mary Thompson about the usual things--men, job, life, looks, age, money, collagen. Fake Mary ("FM") decided to lighten things up and told Fake Jane to stop acting like a self-loathing diva.
Friday I blogged about the most audacious press release I've received in a long time from a small biomed company called GenoMed. The company's Chairman and CEO, Dr. David Moskowitz, claims Heath Ledger probably died due to complications from the flu--likening it to Anna Nicole Smith's death--and GenoMed had the means to save him.
If you're an entertainment buff, you can't miss the significant presence of Scientology. Over the past few weeks, dozens of people have e-mailed me links to Tom Cruise's Scientology rant -- more accurately, it's his acceptance of a Scientology award -- and it's so bizarre...
Say you're the National Lacrosse League, you get 8,000 fans a night and you're looking for more people to sample your product. You can't just tell people it's free: The way society works, no one will want to go. So they have a plan...
HBO CEO Richard Plepler says HBO Now will be a big hit with millennials, and here's why.
HBO CEO, Richard Plepler, sits down with CNBC's Julia Boorstin for an exclusive interview to discuss HBO's deal with Vice, the new season of Game of Thrones and the recent Scientology documentary.
At the end of the day it's all about content, says HBO CEO Richard Plepler, discussing the company's plan to stream programing on the Internet.