The "Fast Money" traders give their final trades of the day.» Read More
Carl Icahn's recent increased investment in Lions Gate shares isn't the only news resulting from the company's low stock price. On October 10 the stock dipped below $6, triggering a margin call by Merrill Lynch for Vice Chairman Michael Burns, selling 672,000 shares of his stock, 49 percent of his stake in the company, recorded in a Form 4 filed on October 14.
In the entertainment industry it's almost impossible to consistently churn out profitable hits. But Tyler Perry, a writer/producer/director/actor has done it, and this weekend he's on track to continue his wining streak.
In Tuesday’s Web Extra the traders talk about trading obsolescence. Find out how they suggest playing newspapers and DVDs.
With comic-book based movies dominating multiplexes and breaking box office records, it's no surprise that Hollywood is sending its top executives and biggest stars down to ComiCon the Comic Book convention in San Diego.
Following are the day’s biggest winners and losers. Find out why shares of Quicksilver and Jabil Circuit popped while TiVo and Marriott dropped.
The theme of this year's National Cable and Telecommunications show is "Think Big." Even though this year's show in New Orleans is smaller than previous years, the theme makes sense. Cable ratings are bigger than ever, as are ad dollars, and distribution is broader than ever.
At left is an image of the press kit we received from Disneyland promoting the new Disney Pixar Toy Story Mania! attraction opening next month. We opened the box...and all we got were Mr. Potato Head's ears. Was he done in by the mob?
Hollywood is coming off a strong year at the box office, but the 80th Academy Awards ceremony on Sunday, Feb 24 will make for a merciful-- if triumphant -- end to a dreadful awards season. As for that storied Oscar box office bump, a lot depends on the individual circumstances of the films.For years, there's been talk of an Oscars box office boost, but it's generally hard to quantify and a lot depends on the individual circumstances of the films.For years, there's been talk of an Oscars box office boost, but it's generally hard to quantify and a lot depends on the individual circumstances of the films.
Japan's Toshiba waved the white flag in the home movie war, giving up on its HD DVD format after losing the support of key studios and retailers to Blu-ray technology backed by Sony.
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).
I've been talking to reliable sources, and Lions Gate is about to announce an interim deal with the Writers Guild. It makes sense for a number of reasons--it allows them to produce the next season of Weeds and Mad Men and get those popular shows on air without delay.
Hollywood was hibernating and now there's finally a thaw. Thanks to the DGA making a deal with the AMPTP, the Writers Guild is in its third day of 'informal talks.' There were even more informal talks before this, but apparently these don't quite count as official just yet.
Here's hoping that the writers and producers made some progress over the long holiday weekend. Much of Hollywood is here in Park City at the Sundance film festival, where I've been since Thursday. But one person, one of the most powerful men in Hollywood, is notably absent--super agent Bryan Lourd, co-chairman of talent agency giant, CAA (Creative Artists Agency).
I'm here in Park City at the Wasach Brew pub at the top of Main Street, where CNBC has set up a mini studio of sorts. All the d-girls and boys (that's Hollywood-speak for "development executives") are running around in their furry boots and jeans looking to find the next big director among the four films they see a day.
For years, everyone's been waiting for an indication that either Sony's Blu-Ray or Microsoft and Toshiba's Blu-Ray format would emerge triumphant and the other would go the way of the BETA deck. Today, finally, a crucial tipping point in this battle in which the $20 billion dollar home video market is at stake.
Could it be a "black-and-blue" Friday for Blu-ray? There are rumblings about a big announcement coming from Wal-Mart that could give a big boost to HD-DVD. I'm hearing that the company will begin selling the Toshiba HD-A2 for $98 in a special one-day, in-store secret sale. The unit sells for $198 at Circuit City and Amazon, so this is a steep discount.
"Mad Men," a TV show from Lions Gate about Madison Avenue AdMen in 1960, has been a hit among a very small audience. It airs on a division of Cablevision, Rainbow Media's AMC, which has only 90 million subscribers.
The domestic box office has been disappointing the past two weekends, especially compared to last year's boffo openings of "The Grudge 2" and "The Departed." But actor/director Tyler Perry came out smiling, his "Why Did I Get Married" comedy from Lions Gate bringing in $21.5 million on what must have been a very small production budget.
Jodie Foster blew away the box office competition with her vigilante thriller "The Brave One," but the poorly reviewed film's performance paled against her recent efforts.
Bawdy comedy "Superbad" proved to be super good at the North American movie boxoffices, holding onto the No. 1 slot for the second straight weekend, according to studio estimates Sunday.