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Nov 15, 2013

NFL’s Bornstein enters IMG auction as adviser to bidder

LOS ANGELES (Reuters) – Steve Bornstein, the National Football League’s top media executive and a one-time ESPN chairman, working behind-the-scenes role in the auction of sports agency IMG by advising a bidders group headed by British money management firm CVC Capital Partners.

If the group is successful, Bornstein would be a top candidate to become chairman of the fabled sports, fashion and marketing agency, according to two people with knowledge of the bids.

Nov 15, 2013

Comcast to sell digital movies through cable boxes, website

LOS ANGELES (Reuters) – Comcast Corp plans to start selling movies for download and streaming through the cable operator’s set-top boxes and its Xfinity TV website, according to people with knowledge of the plan.

The effort will offer a new path for Hollywood studios to generate revenue from films after they leave theaters. For Comcast subscribers, it provides a way to purchase movies they can watch anytime on through a TV, computer or mobile devices.

Nov 11, 2013

Disney games co-president named consultant as unit consolidates

LOS ANGELES, Nov 11 (Reuters) – Walt Disney Co said
on Monday it has consolidated the video games and online
businesses in its interactive unit and that co-President John
Pleasants has left his post to become a consultant for the

The group’s other co-president, Jimmy Pitaro, will lead the
merged unit, Disney said in a statement.

Nov 10, 2013

Marvel’s ‘Thor’ soars to top of U.S.-Canada movie charts

LOS ANGELES/NEW YORK (Reuters) – Marvel superhero Thor pounded his box office competitors over the weekend, muscling movie sequel “Thor: The Dark World” to the top of U.S. and Canadian charts with a hefty $86.1 million in debut ticket sales.

The 3D film starring Chris Hemsworth trounced last week’s top movies. Raunchy comedy “Jackass Presents: Bad Grandpa” finished in second place with $11.3 million from Friday through Sunday, according to

Nov 7, 2013

Disney beats Street on higher theme parks spending, toy sales

LOS ANGELES, Nov 7 (Reuters) – Walt Disney Co
reported a gain in profit that beat Wall Street expectations,
boosted by higher spending by summer visitors to U.S. theme
parks and increased sales of toys and other consumer products.

The media company posted diluted earnings per share of 77
cents for the quarter ended in September, according to a
statement released on Thursday. That beat the 76 cents per share
that was the average estimate of analysts surveyed by Thomson
Reuters I/B/E/S.

Nov 6, 2013

Advertising, TV show licensing boost CBS profit

LOS ANGELES, Nov 6 (Reuters) – CBS Corp recorded
higher profit that met Wall Street expectations as the company
collected more revenue from advertising and the licensing of
television shows including hits “NCIS: Los Angeles” and “The
Good Wife.”

CBS on Wednesday posted diluted earnings per share of 76
cents, in line with the average projection for analysts surveyed
by Thomson Reuters I/B/E/S. The company reported 64 cents per
share a year earlier. Net earnings from continuing operations
rose to $469 million, a 12 percent gain from $420 million in the
same period last year.

Nov 5, 2013

Fox earnings miss forecasts after cable investments

LOS ANGELES (Reuters) – Rupert Murdoch’s 21st Century Fox Inc (FOXA.O: Quote, Profile, Research, Stock Buzz) TV and film company reported quarterly earnings that missed Wall Street expectations, dragged down by investments in new cable channels and a weaker performance by its movie slate.

For the quarter that ended in September, Fox posted adjusted earnings-per-share of 33 cents, down from 38 cents a year earlier, the company reported on Tuesday. Wall Street analysts on average had expected 35 cents per share, according to Thomson Reuters I/B/E/S.

Nov 3, 2013

‘Ender’s Game’ battles to U.S., Canada box office win

LOS ANGELES/NEW YORK (Reuters) – “Ender’s Game,” the futuristic story of children forced to fight an enemy race, battled to the top of box office charts in the United States and Canada, defeating senior citizen buddy comedy “Last Vegas” and animated turkey tale “Free Birds.”

Based on a best-selling 1985 novel, “Ender’s Game” collected $28 million in ticket sales over its first three days, according to studio estimates released on Sunday.

Oct 27, 2013

New U.S. TV network fuses news, satire for young Hispanics

LOS ANGELES/MIAMI, Oct 27 (Reuters) – On Monday evening,
U.S. cable network Fusion will launch with interviews of
President Barack Obama and Republican Senator Ted Cruz. Later
that night, four puppets will provide commentary on current
events during a news chat show.

A joint venture between Walt Disney Co’s ABC and
Spanish-language media company Univision Communications Inc
, Fusion will blend hard news, satire and pop culture to
do something other cable news networks have largely failed to
do: lure “millennial” viewers, 18 to 34 years old.

Oct 27, 2013

‘Bad Grandpa’ tops ‘Gravity’ at North American box office

LOS ANGELES/NEW YORK (Reuters) – Prankster comedy “Jackass Presents: Bad Grandpa” kicked Sandra Bullock’s 3D space thriller “Gravity” from the top of weekend box office charts in the United States and Canada, starting off with $32 million in ticket sales over its first three days.

After three weeks in first place, “Gravity” slipped to the No. 2 slot with $20.3 million in domestic ticket sales, according to studio estimates on Sunday. “Captain Phillips,” starring Tom Hanks in the real-life story of a ship hijacked by Somali pirates, finished in third place, collecting $11.8 million.