LOS ANGELES (Reuters) – Walt Disney Co expects to lose between $160 million and $190 million on its expensive summer movie bomb “The Lone Ranger,” the media giant said on Tuesday as it reported a small gain in quarterly profit that beat Wall Street forecasts.
The loss for “The Lone Ranger,” a Western starring Johnny Depp, will be recorded for the quarter that ends in September, Chief Financial Officer Jay Rasulo said on a conference call with analysts.
LOS ANGELES (Reuters) – Walt Disney Co posted a slightly higher quarterly profit that beat Wall Street expectations, even though its movie studio earnings declined as hit film “Iron Man 3″ failed to match the spectacular success of last year’s “The Avengers.”
Pre-release marketing costs for box office bomb “The Lone Ranger” helped drag down operating income at the studio division by 36 percent from a year earlier, Disney said on Tuesday.
LOS ANGELES (Reuters) – Dreamworks Animation SKG Inc, the studio that built one of Hollywood’s largest film franchises on the back of a green ogre named Shrek, has suddenly become one of the entertainment industry’s busiest dealmakers.
In the last year, Dreamworks has bought a YouTube network aimed at teenagers and picked up a company that controls such iconic characters as Lassie and Casper the Friendly Ghost. It acquired the rights to the Troll toy franchise and in June, signed a deal to produce a TV series for streaming video service Netflix Inc. It also plans to build a $3 billion entertainment complex with partners in China.
LOS ANGELES (Reuters) – U.S. broadcast network CBS took its dispute with Time Warner Cable to the Internet, blocking access to shows on the CBS.com website for the cable operator’s customers in New York and Los Angeles.
The move followed Time Warner Cable’s decision on Friday to drop CBS from its systems in those markets and some others, an escalation of a weeks-long fight over the fees it pays to carry the network.
(Reuters) – CBS went dark for millions of Time Warner Cable subscribers on Friday after the cable operator and the network’s parent company CBS Corp failed to reach an agreement over fees after weeks of contentious negotiations.
The blackout of the No. 1 rated broadcast network followed an increasingly hostile and public battle between the two sides, which accused each other of making unreasonable demands in their talks over how much Time Warner Cable will pay to carry CBS.
(Reuters) – CBS Corp (CBS.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported better-than-expected profit for the second quarter, as the broadcaster brought in more revenue from online licensing deals and international syndication of its television shows.
Chief executive Les Moonves said the company would remain firm in its standoff over fees with Time Warner Cable (TWC.N: Quote, Profile, Research, Stock Buzz), which briefly blacked out CBS this week in New York and Los Angeles after the companies could not reach a deal. The deadline for a new agreement is Friday at 5 p.m. EST.
(Reuters) – Time Warner Cable agreed on Tuesday to keep the CBS network on the air in New York and other cities after initially announcing a blackout when the two sides failed to reach an agreement on fees.
Negotiations between CBS and Time Warner Cable continued after midnight in New York, according to a spokeswoman for the cable operator. Time Warner said it had relented “at the request of CBS.”
LOS ANGELES (Reuters) – The freewheeling improvised comedy that made Robin Williams a star on 1970s sitcom “Mork & Mindy” will be on display in his new CBS comedy “The Crazy Ones,” though the actor says the series will deliver a character that audiences relate to.
Returning to TV for the first time since “Mork” went off the air in 1982, Williams will play an eccentric advertising executive who employs unorthodox methods to win and keep clients. “Buffy the Vampire Slayer” star Sarah Michelle Gellar plays the straight-laced daughter who battles to keep him from going too far.
LOS ANGELES, July 27 (Reuters) – Actor Michael J. Fox said
he aimed to bring laughs and a dose of reality about day-to-day
living with Parkinson’s disease to a new NBC comedy loosely
based on his life, his first lead role in a television show in
In the upcoming “The Michael J. Fox Show,” the actor plays a
father with Parkinson’s who returns to work as a local
newscaster on an NBC TV station in New York. To his surprise,
his fictional family reacts with relief that he will be getting
out of the house.
LOS ANGELES (Reuters) – NBC plans to air a four-hour miniseries starring Diane Lane as former Secretary of State and first lady Hillary Clinton, part of the broadcast TV network’s strategy to improve its ratings by luring viewers to one-time event programming.
The part of Bill Clinton has not been cast, NBC Entertainment Chairman Bob Greenblatt said on Saturday at a meeting of the Television Critics Association.