LOS ANGELES (Reuters) – Amy Pascal will step down as co-chairman of Sony Pictures Entertainment after hackers angry about a movie she championed mocking North Korea’s dictator exposed a raft of embarrassing emails between Pascal and other Hollywood figures.
Pascal, one of the most powerful women executives in Hollywood, had kept a low profile since her emails were leaked by hackers and widely reported by media, particularly one in which she made racially insensitive remarks about President Barack Obama’s taste in films. She later apologized.
By Lisa Richwine and Lehar Maan
(Reuters) – Walt Disney Co’s (DIS.N: Quote, Profile, Research) quarterly profit topped Wall Street’s estimates as its blockbuster animated film “Frozen” heated up home entertainment and toy sales, and visitors flocked to the company’s U.S. theme parks.
Disney shares rose 4.4 percent to $98.23 in after-hours trading on Tuesday. The stock reached record highs in recent months on strong performances across its TV networks, theme parks and movie studio. Each of its five divisions reported higher operating income for the quarter, ended Dec. 27.
By Lehar Maan and Lisa Richwine
(Reuters) – Walt Disney Co’s (DIS.N: Quote, Profile, Research) quarterly revenue and profit topped Wall Street estimates as visits to its theme parks rose and last year’s animated film hit “Frozen” drove home video and toy sales.
Disney’s shares rose 4.4 percent to $98.23 after the bell on Tuesday. The stock reached record highs in recent months as the company reported strong performances across its TV networks, theme parks and movie studio. Each of its five divisions reported higher operating income for the quarter.
LOS ANGELES/NEW YORK, Feb 1 (Reuters) – Budweiser
capitalized on cuteness with the return of a puppy and Coca-Cola
stood out with an anti-bullying message as many brands
stirred emotions rather than going for laughs during the annual
high-stakes battle of Super Bowl commercials.
Companies paid up to a record $4.5 million for 30 seconds
during the championship game on Comcast Corp’s NBC
network seen by an estimated 100 million-plus viewers, the
year’s biggest television audience. The New England Patriots
defeated the Seattle Seahawks.
LOS ANGELES/NEW YORK, Feb 1 (Reuters) – Snickers generated
laughs with a nostalgic nod to “The Brady Bunch” and Budweiser
capitalized on cuteness with the return of a puppy as
advertisers risked big bucks to stand out in the hard-fought
battle to win buzz for their Super Bowl commercials.
Brands paid up to a record $4.5 million for 30 seconds
during the championship game between the New England Patriots
and Seattle Seahawks on Comcast Corp’s NBC network.
LOS ANGELES (Reuters) – Fans flocking to the Super Bowl in Arizona will see peculiar lights in the Friday night sky. No, it is not a UFO but part of Pepsi’s invasion of host city Phoenix ahead of the big game.
The soda maker is aiming to recreate a mysterious 1997 UFO sighting over the city as part of its advertising campaign leading up to Sunday’s Super Bowl halftime show with pop singer Katy Perry, which Pepsi is sponsoring.
LOS ANGELES (Reuters) – Dads comfort crying kids and animals look adorable as brands take a play-it-safe route this year in the fiercely fought ad battle that will unfold during Sunday’s broadcast of the Super Bowl.
Companies spent up to a record $4.5 million for 30 seconds during the U.S. football championship that traditionally draws more than 100 million viewers, the year’s biggest TV audience. The contest between the New England Patriots and Seattle Seahawks will be broadcast on Comcast Corp’s NBC.
BEIJING/LOS ANGELES, Jan 21 (Reuters) – As Netflix Inc
tackles stalling U.S. growth, the online video pioneer
known for hit political drama “House of Cards” plans a play for
China that may see it lock horns with potent domestic firms that
rule the world’s biggest Internet market.
Netflix said on Tuesday it would expand to as many as 200
countries within two years, up from about 50 now, to extend its
growth prospects. “For every country we know what we want to do,
but in China we are still exploring our options,” Chief
Executive Reed Hastings said in an interview.
(Reuters) – Streaming video service Netflix Inc said it will complete its expansion into 200 countries within two years, faster than expected, as the company builds its presence overseas while growth in the United States slows.
Netflix said on Tuesday it added 4.3 million subscribers in the quarter that ended in December, beating its own guidance thanks to higher-than-expected interest overseas. Investors welcomed the news, sending shares up 15 percent in after-hours trading.
By Lisa Richwine
(Reuters) – U.S. TV network NBC will stream 11 consecutive hours of live content on Super Bowl Sunday free of charge, including the game and halftime show, to raise awareness of its online viewing platforms among the event’s traditionally record audiences.
Starting at noon Eastern time on Feb. 1, fans will be able to access the NBC Sports Live Extra app and website on their tablets and desktop computers without the typical log-in requirement to show proof of a pay TV subscription, the network said.