![]()
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Is Bill Gross, PIMCO's Bond King, Losing His Touch?
- Greece Austerity Deal Runs Into Trouble Once Again
- Why Saving Greece Could Destroy the World
- Apple’s Record Run: $500 Is a Magic Number
- Private Homebuilders: Dead Men Walking
- Housing Still Hurting Consumers, Economy: Bernanke
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- The World's Best Beers
MOST SHARED
- Private Homebuilders: Dead Men Walking
- Pauley Perrette's Southern Bakery a Hit in Manhattan
- Stocks at Lows, 34 Italian Banks Downgraded
- GE Holds Dividend Steady; Fourth-Quarter Hike Seen
- US Trade Deficit Swells to $48.8 Billion on China Gap
- Confusing Chinese Data Signal Bearish Trend
- Japan Minister Makes Rare Remark on Yen Intervention
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- Kimco Realty CEO on Solid Earnings
- Bankers in Asia Aren't as Reviled as in West: DBS CEO
MOST POPULAR
HOT ON FACEBOOK
'Cloverfield' Sets Record for January Movie Release
The creature-feature "Cloverfield" became the first monster hit released in 2008, debuting with $41 million, a record opening for January, according to studio estimates Sunday.
Paramount's tale of a giant reptile causing chaos in New York City surpassed the $35.9 million premiere weekend of the "Star Wars" special edition in 1997, the previous best for January. Paramount is a unit of Viacom [VIA
Loading...
()
].
Opening in second-place was News Corp-unit [NWS
Loading...
()
] 20th Century Fox's romantic comedy "27 Dresses," starring Katherine Heigl as a perpetual bridesmaid. It pulled in $22.4 million.
The weekend's other new wide release, Overture Films' crime comedy "Mad Money," with Diane Keaton, Queen Latifah and Katie Holmes plotting a Federal Reserve Bank heist, opened at No. 7 with $7.7 million. Overture Films is a unit of Liberty Media's [LCAPA
Loading...
()
] Starz cable channel operator.
Overall business surged, with the top-12 movies taking in $135.3 million, up 39 percent from the same weekend last year.
Featuring a cast of unknowns, "Cloverfield" tells its monster story from the perspective of a partygoer's hand-held video camera, which captures the mayhem as the creature tears through the city.
The film benefited from cryptic marketing that sent young moviegoers on a scavenger hunt to decode clues about the movie's plot, images and even its title, which was not confirmed until shortly before its release.
"As we started it, we asked, how do we draw people in and have them say, `Hey, I want to know more about that. That looked cool, that looked intriguing,"' said Rob Moore, Paramount vice chairman. "Then fortunately, they delivered a movie that was as unique and engaging as people had hoped from the marketing campaign."
The big winners at the previous weekend's truncated Golden Globes had mixed results cashing in on their prizes.
Focus Features' gloomy romance "Atonement," the Globe winner for best drama, expanded into wider release and added $4.8 million to its haul, raising its total to $31.9 million. Business was up slightly from the previous weekend.
Focus Features is a unit of General Electric's [GE
Loading...
()
] NBC Universal, which also is the parent of CNBC and CNBC.com.
Yet the Globes' best musical or comedy winner, Paramount's "Sweeney Todd: The Demon Barber of Fleet Street," also added theaters but took in just $2.6 million, down significantly from a weekend earlier. "Sweeney Todd" has taken in $48 million to date.
The televised Globes banquet was canceled because stars planned to boycott the show in support of a strike by the Writers Guild of America, which refused to let its members work on the ceremony. In place of the glitzy Globes show was a hasty news conference rattling off winners' names.
That deprived studios of much of the luster they count on to boost the box office of acclaimed films during awards season. Had the three-hour Globes show aired as usual on NBC, "Atonement," "Sweeney Todd" and other key winners might have done better business this weekend.
"I can only guess, but I think so," said Jack Foley, head of distribution for Focus Features. "I wish it was televised. It's one of the best commercials there is for film."
Following Heigl's success with last summer's hit "Knocked Up," "27 Dresses" solidifies the "Grey's Anatomy" co-star as a big-screen star.
While "Cloverfield" was more a movie for young males, "27 Dresses" sewed up the women's audience, the two films giving Hollywood a huge lift during what is normally a sleepy time for new releases.
"This is almost like a summer weekend," said 20th Century Fox distribution executive Chris Aronson. "It's almost a counter-programming move where you have two pictures aimed squarely, at least initially, at different audiences, and they both succeeded."
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.










