Lions Gate has devised an unusual franchise-rekindling effort — and it may hold clues about Facebook’s future in Hollywood. The NYT reports.» Read More
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.
There's no question that Blockbuster's livelihood is under attack--the business of driving to a store to rent a DVD and driving back when you're done is threatened from video on demand, and digital downloads, especially since both technologies are getting better and faster. So, looking to avoid going the way of the Beta Max, Blockbuster just purchased online movie downloading company Movielink for under $20 million.
A credit crunch affects any type of leveraged buyout--debt becomes more expensive and harder to obtain, requiring more equity, making returns lower. Considering how many leveraged deals Hollywood has made, that industry should be no exception. Wall Street players--private equity, hedge funds, investment banks--have put together more than $12 billion dollars of financing for the Hollywood studios' 'slates' of films.
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.
The digital revolution marches forward – the latest advance involves studios potentially releasing movies on DVD and via On-Demand at the same time. What’s the trade as new technology threatens to reshape the movie biz?
The guys go behind the headlines and give you their take on... the surge in J. Crew shares...the new "Foleo" from Palm... and more. Find out where they see fast money.
Tonight, the masters of Wall Street are going face to face with some of the best business school students in the country. Students from Indiana University, Villanova, MIT and USC are bringing their A-game via the webcam.
Les Moonves says he has no plans for major acquisitions in the immediate future, but is looking to make strategic deals in the new media sector.