Shares of DreamWorks Animation SKG Inc. jumped $1.63, or 7.2 percent, to $24.31 in midday trading. Cowen& Co. analyst Doug Creutz said analysts had expected "Home" to bring in $30 million to $40 million. He said the movie's opening is the best for a DreamWorks movie in almost three years, since the third "Madagascar" film, and its best result for a non-sequel in six years.» Read More
Fake Jane is very excited about 2008! She hopes to afford major reconstructive surgery which will turn back the hands of time. Or maybe she can at least afford better skincare products. Maybe she'll even go on a date! She's very optimistic that, even if she doesn't meet Mr. Right, she'll meet Mr. Desperate. Yes!
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
Sad. There are no new episodes left of "The Office" because of the strike, which means we will instead have to experience the real-life insanity of communing with colleagues at the holiday office party.
It's week six of the Writers Guild strike and talks have totally broken down. Now the producers association, the AMPTP, has walked away from negotiations, squelching hopes of a quick resolution before the holidays. Here's what happened: The AMPTP gave the writers a revised proposal on Friday afternoon, including a slightly more generous deal for the writers on streaming of movies.
"The Golden Compass," a $180 million family fantasy starring Nicole Kidman and Daniel Craig, did not meet expectations at the North American box office, opening at No. 1 but with weekend ticket sales of just $26.1 million, its distributor said Sunday.
Rupert Murdoch's media empire is shaking up the management structure, and putting son James Murdoch in a bigger job that sets him up to succeed his dad. Here's the news: 34-year old James Murdoch was appointed head of Europe and Asia, and replacing his dad as chairman of BSkyB, where until now he was CEO. So, yeah, James is really young, but his experience sets him up for this job quite well.
The possibility of U.S. Postal Service surcharges on DVD mailers caused one analyst to reiterate his "sell" rating on online video rental company Netflix, which ships over 1.6 million DVDs per day.
There's good news--the Writers Guild said the last two days of talks with the AMPTP (the producers association) were "substantive." Among the topics they made progress on--the issue of whether the union should have jurisdiction over made-for-Internet content and for reality TV.
How many of you have ever met Levi Strauss? How about J.C. Penney, the man, not the store? Did you ever call Sam Walton a "hillbilly" and an "s.o.b." in print? The answer of course is, no. But "Papa Jack" Weil has done all three and lived to tell about it. He's lived 106 years.
Now that the press blackout has been lifted on the Writers Guild strike talks, we're getting some insight into the ongoing haggling over offers and counteroffers. Last night the WGA released analysis of the producers association, the AMPTP's deal, saying that it would cost the companies $151 million over three years, and some studios would pay very little--MGM would pay only an additional $320,000 per year to writers.
Netflix revolutionized the way we rent movies; its TV commercials boast more than a billion rentals already. And while its stock has suffered a choppy performance through its history, the company has been enjoying a renaissance of sorts recently. But a new report out from Citigroup this morning could put the brakes on Netflix's good cheer.
The TV industry braced Tuesday for what could become a long strike by writers, even as both sides returned to the bargaining table.
Everyone's been talking about how DVDs are dying, and that nobody's buying the archaic discs. But guess what, you'll probably get a whole bunch as gifts this year. There were more DVDs sold this Thanksgiving than any previous year, up 6 percent from the same weekend in 2007. Now, it's important to point out, that at the same time, the overall retail revenues from DVDs has fallen thanks to the big box retailers' deep discounting.
The Walt Disney family fantasy "Enchanted" enjoyed another fairy-tale weekend at the North American box office Sunday, but overall sales succumbed to the traditional post-Thanksgiving blues.
Oh darn, the buzz in Hollywood was so optimistic when the writers and producers returned to the bargaining table on Monday. It seemed sure they'd wrap everything up by Christmas, in time for a nice Hollywood ending. But this must be the third act, things just took a dramatic turn, making it unclear how it'll all end.
The young guard in Hollywood are taking the strike to heart--it's truly infiltrating every part of the social world here--even parties. But at least everyone is still writing, Dr. Seuss-inspired poems, that is. And the sense of humor still seems to be good.
Hollywood studios presented a sweetened contract offer to striking film and TV writers, and negotiators requested a four-day recess to consider it, the producers' organization said.
One trend I'm seeing throughout the media industry is the cutting out of the middle man. Call it dis-intermediation, call it democratization: content distribution is being transformed. You can sell a song, publish a book, or even distribute a movie, without ever talking to one of the big old media companies.
While the WGA and Producers Association continues to negotiate, the TV networks are thinking about all the reasons they'd like this strike to wrap up. For one, if the strike drags into next year, advertisers may demand some of their money back. Here's how it usually works: TV networks guarantee advertisers a certain number of eyeballs.
Striking Broadway stagehands and theater producers will try again Wednesday to work out a deal to end their protracted labor dispute that has darkened theaters for more than two weeks.
Stephen Hawking, the world famous theoretical physicist, has become the latest to apply for trademark of their name.
Amid mounting public health concerns, porn may decamp California and find a new home in Sin City.
Madison Square Garden filed paperwork on Friday with the SEC to separate its live sports and entertainment businesses from its media businesses.
Real-time video apps have gained traction, but social media streams likely will have little effect on sports broadcasting.
WWE Hall of Famer Hulk Hogan, discusses the upcoming WrestleMania 31 annual event, the best way to reach fans and the best financial move he ever made.
MOSCOW— A television station owned by the Russian defense ministry is offering a job to former "Top Gear" host Jeremy Clarkson. The BBC announced Wednesday that it wouldn't renew Clarkson's contract after a fracas with a producer, ending his connection to the immensely popular program. The Zvezda TV channel published a letter to Clarkson on its website late...