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Dec 18, 2012

Participant Media plans cable TV network targeting millenials

LOS ANGELES (Reuters) – Entertainment company Participant Media, one of the backers of the hit historical drama “Lincoln”, will launch a cable TV network next summer with programming that focuses on social issues of interest to the millenials generation of teens and young adults.

The channel’s original programming, films and documentaries will be aimed at viewers age 18 to 34 in the large demographic group known as millenials, Participant Media CEO Jim Berk said in an interview on Monday.

Dec 16, 2012

‘Hobbit’ film sets December record in US, Canada debut

Dec 16 (Reuters) – “The Hobbit” brought home a big box
office treasure over the weekend, setting a December movie
record with $84.77 million in U.S. and Canadian ticket sales as
legions of fans turned out for the long-awaited big-screen
return to Middle Earth.

The 3D movie directed by Oscar-winning “Rings” filmmaker
Peter Jackson is the first of three films based on a 1937
classic novel by J.R.R. Tolkien. Warner Bros. is aiming to build
on the success of the “Rings” series, one of Hollywood’s biggest
franchises with $2.9 billion in global ticket sales.

Dec 14, 2012

“Hobbit” debut reaps $13 million in U.S. and Canada, a December record

By Lisa Richwine

(Reuters) – The first of three “Hobbit” movies kicked off its box office quest with an estimated $13 million in ticket sales from showings at U.S. and Canadian theaters just after midnight on Friday, a record for a December debut.

The performance topped the $8 million from midnight sales for December 2003 film “The Lord of the Rings: The Return of the King.” “The Hobbit: An Unexpected Journey” is a highly anticipated prequel to the “Lord of the Rings” trilogy.

Dec 14, 2012

‘Hobbit’ debut reaps $13 mln in US and Canada, a December record

Dec 14 (Reuters) – The first of three “Hobbit” movies kicked
off its box office quest with an estimated $13 million in ticket
sales from showings at U.S. and Canadian theaters just after
midnight on Friday, a record for a December debut.

The performance topped the $8 million from midnight sales
for December 2003 film “The Lord of the Rings: The Return of the
King.” “The Hobbit: An Unexpected Journey” is a highly
anticipated prequel to the “Lord of the Rings” trilogy.

Dec 13, 2012

Weinstein movie studio, HBO lead Golden Globe field

LOS ANGELES (Reuters) – The Weinstein Company topped Hollywood’s movie studios in Golden Globe nominations on Thursday, giving a boost to its upcoming drama “Django Unchained,” while cable network HBO dominated television categories with the political film “Game Change.”

The Globes rank among the most-watched accolades leading up to the Academy Awards, bringing recognition and headlines that help generate buzz, build audiences and sell DVDs. The Hollywood Foreign Press Association will announce the winners in a nationwide telecast on January 13.

Dec 12, 2012

Netflix rival Redbox starts movie streaming this month

By Lisa Richwine and Himank Sharma

(Reuters) – Kiosk operator Redbox will launch an $8-a-month instant video streaming service this month, in a challenge to dominant movie rental company Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) in the battle for home entertainment dollars.

The price, which matches Netflix’s charge for unlimited streaming from its bigger library of movies and TV shows, includes four one-night DVD rentals per month from Redbox kiosks. Streaming and DVD-by-mail packages start at $16 on Netflix.

Dec 5, 2012

Netflix says it won’t raise prices after Disney deal

NEW YORK (Reuters) – Netflix Inc doesn’t plan to pass along the cost of the rights to Walt Disney Co movies to subscribers, a senior Netflix executive said on Wednesday.

Netflix, which analysts estimate paid more than $350 million for the exclusive rights to stream Disney movies to TV beginning in 2016, is not considering a price increase to help finance the deal, said Ted Sarandos, the company’s chief content officer, at the UBS Global Media and Communications Conference.

Dec 2, 2012

“Twilight” shines in third box office win over Bond

LOS ANGELES (Reuters) – The “Twilight” teen movie vampires sucked more money out of theaters over the weekend, leading James Bond, Brad Pitt and the rest of box office pack with $17.4 million in U.S. and Canadian ticket sales and scoring its third weekly win.

Pitt’s new movie, the small-budget gangster film “Killing Them Softly,” bombed with filmgoers who panned it with a rare “F” grade on average in polling by audience survey firm CinemaScore. The movie landed in seventh place with $7 million in ticket sales at domestic theaters.

Nov 30, 2012

“Hobbit” may bring a Hollywood ending to 2012 box office

LOS ANGELES, Nov 30 (Reuters) – It took more than a decade,
two directors and a lawsuit before “The Hobbit” made it to the
big screen. Hollywood executives are crossing their fingers that
the culmination of that journey will help smash movie box office
records this year.

The film, which opens on Dec. 14, is expected to contribute
to the first annual box office increase in North America in
three years, a sign that big movie studios have made more films
enticing enough to get people into theaters and away from their
TVs, games and the Internet.

Nov 28, 2012

CNN to tap ex-NBC boss Zucker for turnaround – source

Nov 27 (Reuters) – Jeff Zucker, a former head of
NBCUniversal and the producer of Katie Couric’s talk show, will
be named president of Time Warner Inc’s ratings-starved
CNN cable news channel, a source close to the situation said on
Tuesday.

Zucker will succeed departing CNN Worldwide President Jim
Walton, who said in July he was leaving the once-dominant news
network after nine years in the job amid a recent ratings slump.