LOS ANGELES (Reuters) – Video streaming service Netflix Inc said it intends to raise the monthly subscription price for new customers by $1 or $2 a month to help the company buy more movies and TV shows and improve service for its 48 million global subscribers.
Investors welcomed the announcement by Netflix, which had suffered from a consumer exodus and stock plunge after it announced an unpopular price increase in July 2011. The company’s shares jumped 6.7 percent in after-hours trading to $371.97, after the company released plans for a price hike and posted a rise in first-quarter profit that beat Wall Street expectations.
By Lisa Richwine
(Reuters) – Privately held film and TV studio Relativity Media has offered up to $1.1 billion to buy Maker Studios, whose shareholders are scheduled to vote on Tuesday on a bid by the Walt Disney Co (DIS.N: Quote, Profile, Research), according to a letter provided to Reuters.
Relativity offered $525 million in cash and stock to acquire Maker, one of the largest video production networks on Google Inc’s (GOOGL.O: Quote, Profile, Research) YouTube. It offered an additional $500 million in cash and stock if financial targets are met, plus up to $75 million in stock in a bonus pool for “key talent and executives,” according to the letter to Maker’s board dated Monday.
LOS ANGELES/NEW YORK (Reuters) – Marvel’s red-white-and-blue superhero soared to a second straight box office win in “Captain America: The Winter Soldier,” beating out new animated movie “Rio 2,” the story of a family of Brazilian birds on a trip to the Amazon.
Walt Disney Co’s “Captain America,” which set an April ticket sales record when it opened a week ago, pulled in another $41.4 million from Friday to Sunday at U.S. and Canadian theaters.
LOS ANGELES (Reuters) – Captain America, Spider-Man, the X-Men and Transformers are storming back into movie theaters, returning in sequels to save the world from mass destruction, while at the same time churning out profits for movie studios.
Hollywood will pack 13 sequels into theaters over the next 20 weeks. The parade begins on Friday, when Captain America dons his red-white-and-blue superhero suit for the U.S. debut of Marvel’s “Captain America: The Winter Soldier,” and continues through summer, Hollywood’s most lucrative season.
LOS ANGELES (Reuters) – With a suit of stars and stripes, and a loyal Marvel fan base behind him, actor Chris Evans once again brandishes the shield of superhero Captain America in a new film. In real life, the actor finds himself at odds with the demands of fame.
Walt Disney Co’s Marvel Studios sequel “Captain America: The Winter Soldier,” out in U.S. and Canadian theaters on Friday, thrusts the patriotic superhero into battle with an elusive enemy.
LOS ANGELES, April 2 (Reuters) – With a suit of stars and
stripes, and a loyal Marvel fan base behind him, actor Chris
Evans once again brandishes the shield of superhero Captain
America in a new film. In real life, the actor finds himself at
odds with the demands of fame.
Walt Disney Co’s Marvel Studios sequel “Captain
America: The Winter Soldier,” out in U.S. and Canadian theaters
on Friday, thrusts the patriotic superhero into battle with an
LAS VEGAS (Reuters) – Cars falling from the sky in “Fast & Furious 7,” clips from Angelina Jolie’s directorial project “Unbroken,” and the first look at erotic novel adaptation “Fifty Shades of Grey” provided a glimpse of Universal Pictures’ upcoming movie slate on Tuesday.
In the footage shown to theater owners at the CinemaCon gathering in Las Vegas, a clip from the seventh installment of the “Fast and Furious” action franchise featured some of the final scenes filmed by actor Paul Walker before his sudden death in a California car crash in November last year.
LOS ANGELES/NEW YORK (Reuters) – Dystopian thriller “Divergent,” the story of a society that divides people based on personality traits, dominated weekend movie charts with $56 million in U.S. and Canadian ticket sales, kicking off a new franchise for “Hunger Games” producer Lions Gate Entertainment Corp.
Walt Disney Co family comedy “Muppets Most Wanted” finished in second place, nabbing $16.5 million from Friday through Sunday, according to estimates provided by Rentrak. Animated “Mr. Peabody & Sherman,” produced by Dreamworks Animation Inc, took the No. 3 slot with $11.7 million.
LOS ANGELES, March 20 (Reuters) – Young actors Shailene
Woodley and Theo James arrived on the Hollywood set of the
“Jimmy Kimmel Live” TV talk show by sliding above a cheering
crowd while harnessed to a zip line, a dramatic entrance to
spark interest in “Divergent,” the movie Lions Gate
Entertainment Corp hopes to make its next hit franchise.
The studio behind the mega-hit “Hunger Games” movies is
betting again on a popular series of best-selling young adult
novels set in a dystopian future. The “Divergent” books, about a
society divided into factions by personality traits, have sold
more than 17 million copies worldwide.
PORTLAND, Oregon (Reuters) – Walt Disney Co amended guidelines on Tuesday for the selection of its chairman, persuading investors to withdraw a proposal to grant large shareholders more say in electing directors just hours before it was to have gone to a vote.
The last-minute change states that the chairman should be an independent director unless justified in writing. It averted a potential contest, and investors re-elected Chief Executive Officer Bob Iger and nine other directors to the media company’s board at its annual shareholder meeting.