(Reuters) – Walt Disney Co shareholders on Wednesday re-elected the company’s board, including Chairman and Chief Executive Bob Iger, and rejected an investor proposal to separate the roles of chairman and CEO in 2016, when Iger plans to leave the company.
Shareholders of the media and theme-park company defeated the proposal from Connecticut State Treasurer Denise Nappier, a Disney investor through the state’s employee retirement funds, to split the CEO and chairman jobs.
(Reuters) – News Corp introduced a long-rumored national cable sports channel, Fox Sports 1, on Tuesday, aiming to compete with leader ESPN in an increasingly crowded TV sports marketplace.
Fox will launch the channel on August 17 in 90 million homes, executives of the network said at an event in New York City.
(Reuters) – “Jack the Giant Slayer,” the first big-budget action film of the year, was anything but a killer at the weekend box office.
“Jack,” a retelling of the “Jack and the Beanstalk” fairy tale, earned the No. 1 spot on domestic box office charts with $28 million in ticket sales in U.S. and Canadian theaters, according to studio estimates compiled by Reuters on Sunday. But that was an underwhelming start for a 3D movie that cost $189 million to produce, plus tens of millions more to market.
LOS ANGELES (Reuters) – A bright blue hot-air balloon whisked James Franco to the premiere of his new Walt Disney Co movie, “Oz the Great and Powerful,” delivering the star to Hollywood Boulevard where he walked an emerald green carpet with a yellow-brick road into the El Capitan Theatre.
The high-flying, and headline-grabbing, entrance last month was the signature event of a Disney marketing blitz on major TV broadcasts, social media and at Disney parks to stoke interest in “Oz,” a $200 million production that is its first release of an expensive 2013 film slate. It debuts in theaters March 8.
Feb 26 (Reuters) – Proxy advisers ISS and Glass, Lewis & Co
urged Walt Disney Co shareholders to vote in favor of a
proposal to split the chairman and chief executive roles now
both held by Robert Iger.
The influential proxy advisers in reports provided on
Tuesday also urged shareholders to cast advisory ballots
“against” the pay of Iger and others at Disney.
LOS ANGELES, Feb 24 (Reuters) – Time Warner Inc’s
Warner Bros. basked in the golden glow of coveted Best Picture
Oscar for its Iran hostage drama “Argo” on Sunday, giving the
Ben Affleck film a likely boost for its ticket and home
Hollywood’s big night often proves a boon to studios that
take home Oscars, and this year the haul was spread among
several major film companies.
LOS ANGELES, Feb 22 (Reuters) – Warner Brothers’ “Jack the
Giant Slayer,” the first big-budget, special effects-filled
action movie of 2013, could be headed for less than huge sales
at U.S. and Canadian box offices when it opens on March 1.
Industry tracking suggests the 3D movie based on the “Jack
and the Beanstalk” fairy tale will debut with $27 million to $32
million in the domestic market during its first three days,
according to sources who have seen the pre-release surveys.
LOS ANGELES (Reuters) – The movie studios behind this year’s Best Picture nominees already have brought home a treasured prize: big box-office sales that placed the Oscar contenders among the most-watched films of 2012.
The nine competitors for Hollywood’s top film award sold a combined $2 billion in tickets worldwide heading into Sunday’s Academy Awards ceremony. Six of them, including frontrunners “Argo” and “Lincoln,” hauled in at least $100 million apiece at U.S. and Canadian theaters.
(Reuters) – The fifth movie in the Bruce Willis “Die Hard” franchise scored the biggest box-office action over the U.S. holiday weekend, beating out love story “Safe Haven,” which came in third for the Friday-through-Sunday period.
“A Good Day to Die Hard,” with Willis returning as the tenacious wise-cracking hero John McClane, pulled in $25 million at U.S. and Canadian theaters from Friday through Sunday, according to studio estimates.
(Reuters) – CBS Corp reported a 6 percent gain in fourth-quarter profit on Thursday, boosted by political advertising on its TV networks and higher revenue from cable channel fees.
But the company’s earnings-per-share for October to December fell short of Wall Street analysts’ expectations, and its shares dipped nearly 1 percent after hours.