LOS ANGELES (Reuters) – Walt Disney Co, Twenty-First Century Fox Inc and Comcast’s NBCUniversal said on Friday they decided to keep their video streaming website Hulu and will invest $750 million to help it grow.
Hulu’s owners still are talking to companies that could become partners for the service, a source with knowledge of the discussions said. One is Time Warner Cable, which had offered to make an equity investment in Hulu, two sources told Reuters. The role of future partners has not been determined.
LOS ANGELES/NEW YORK (Reuters) – The small yellow minions of “Despicable Me 2″ upstaged Johnny Depp at the weekend movie box office.
The animated “Despicable” sequel hauled in an impressive $82.5 million in the United States and Canada from Friday through Sunday, more than double the weak $29.4 million for Walt Disney Co’s big-budget Western “The Lone Ranger,” which stars Depp as the masked man’s Native American partner Tonto.
LOS ANGELES, July 4 (Reuters) – “The Lone Ranger,” Walt
Disney Co’s big-budget western starring Johnny Depp,
performed below expectations on Wednesday night, raising the
possibility that the movie could saddle the media giant with a
loss on the film.
The film, which cost an estimated $225 million to produce,
generated $9.7 million during Wednesday showings, falling well
behind “Despicable Me 2″ from Comcast’s Universal
Pictures, which sold $34.3 million at the domestic box office,
according to studio estimates.
LOS ANGELES, July 3 (Reuters) – Walt Disney Co’s
big-budget Western “The Lone Ranger,” starring Johnny Depp as
Native American sidekick Tonto, rode off with $2 million in U.S.
and Canadian ticket sales during its first shows on Tuesday
night, trotting well behind animated “Despicable Me 2.”
Both films are fighting for audiences heading into the U.S.
Independence Day holiday on Thursday, one of the biggest movie
going periods of the year. “Despicable Me 2″ took in $4.7
million in its Tuesday night preview shows, according to
distributor Universal Pictures, a unit of Comcast Corp
LOS ANGELES (Reuters) – Walt Disney Co’s board on Monday extended Bob Iger’s tenure as its chief executive by 15 months, allowing him to remain both CEO and chairman of the media giant through June 30, 2016.
Iger, 62, had planned to step down as CEO on April 1, 2015, and assume the single role as executive chairman through the end of his existing contract on June 30, 2016, the company said in a statement.
LOS ANGELES (Reuters) – Sony, which is studying a partial spinoff of its studio at the urging of major shareholder Daniel Loeb, suffered its second box office misfire of the summer season when its action movie “White House Down” opened with ticket sales below industry forecasts.
“White House Down,” which stars Jamie Foxx as the U.S. president and Channing Tatum as a federal agent who saves the White House from terrorists, opened with $25.7 million in domestic ticket sales, according to the studio, below industry experts’ estimates of over $30 million.
(Reuters) – Animated prequel “Monsters University” took home its second U.S. and Canadian box office title with $46.2 million in ticket sales over the weekend, fending off a red-hot debut from Sandra Bullock and Melissa McCarthy in female buddy comedy “The Heat.”
Outpacing industry projections, “The Heat” nabbed $40 million from Friday through Sunday and finished in second place, according to studio estimates. Big-budget, explosion-filled “White House Down” fell short of expectations with $25.7 million in its first three days, finishing the weekend in fourth place.
(Reuters) – U.S. cable companies and satellite TV providers, locked in battle with broadcasters and online sites for advertising, are taking a page from Google by using data on their subscribers’ tastes to serve up tailored commercials.
In Los Angeles, a 35-year-old female DirecTV subscriber with a cat might get a spot promoting cat food while the satellite provider would beam a car advertisement to her next door neighbor, a bachelor watching the same channel.
June 17 (Reuters) – Video streaming service Netflix Inc
signed an exclusive multiyear deal for a slate of new
TV series from “Shrek” creator DreamWorks Animation,
deepening its push into original programming to stand apart from
Netflix shares rose 7 percent and DreamWorks Animation
shares jumped 4 percent after the deal was announced on Monday.
(Reuters) – U.S. broadcast networks Fox and NBC are close to wrapping up their advance sales for commercial time for the upcoming fall season and have narrowly beaten analysts’ expectations with rate increases of as much as 7 percent over last year, sources familiar with the negotiations said on Wednesday.
News Corp-owned Fox won a 5 percent to 7 percent increase from advertisers despite a drop in overall viewership, one source told Reuters.