Lisa's Feed
Mar 5, 2013

Fox takes aim at ESPN with national sports TV channel

By Liana B. Baker and Lisa Richwine

(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.

Mar 3, 2013

No box office killing for big-budget “Jack the Giant Slayer”

By Lisa Richwine and Patricia Reaney

(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.

Mar 1, 2013

Balloon blitz promotes Disney’s ‘Oz,’ studio franchise strategy

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, 2013

Proxy advisers urge split of chairman, CEO roles at Disney

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.

Feb 25, 2013

Warner Bros. takes home Oscar gold, sales boost for ‘Argo’

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
entertainment sales.

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.

Feb 22, 2013

Warner’s ‘Jack the Giant Slayer’ may see soft U.S., Canada debut

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.

Feb 21, 2013

Best Picture contenders produce $2 billion box office bounty

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.

Feb 17, 2013

“Die Hard” action beats love stories at box office

By Lisa Richwine and Chris Michaud

(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.

Feb 15, 2013

CBS profit rises but misses Wall Street forecasts

By Lisa Richwine

(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.

Feb 15, 2013

CalSTRS to oppose dual chairman-CEO role at Disney

Feb 14 (Reuters) – The California State Teachers’ Retirement
System (CalSTRS) said on Thursday it will oppose Walt Disney
Co’s combination of the CEO and chairman roles, and its
executive pay plan at the company’s annual shareholder meeting
in March.

The second-largest U.S. pension fund owns about 5.3 million
Disney shares, a 0.3 percent stake worth $263 million.