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Oct 26, 2012

Hollywood home video sales rise for third straight quarter

LOS ANGELES, Oct 26 (Reuters) – U.S. consumer spending on
home video purchases rose slightly in the third quarter,
extending a slow recovery for Hollywood studios this year as
digital sales and Blu-ray discs replace traditional DVDs.

Spending on physical discs and electronic versions of movies
and TV shows was $3.9 billion from July to September, according
to figures released Friday by the industry-backed Digital
Entertainment Group.

Oct 24, 2012

Netflix shares drop after it cuts subscriber forecast

LOS ANGELES (Reuters) – Netflix Inc added fewer U.S. customers than Wall Street expected in the third quarter, forcing the company to roll back its year-end subscriber forecast and sending shares plunging 15 percent.

Netflix said on Tuesday it added 1.2 million new U.S. customers to its on-demand TV and movie streaming service during the July to September period, for a total of 25.1 million. That fell at the low end of the company’s guidance and below what some analysts predicted.

Oct 23, 2012

Netflix shares drop after subscriber forecast

LOS ANGELES (Reuters) – Netflix Inc signed up fewer new U.S. subscribers than Wall Street expected and rolled back the total number of customers for the year, sending its shares plunging 15 percent.

Netflix said on Tuesday it added 1.2 million new customers to its on-demand TV and movie streaming service in the United States during the July to September period, for a total of 25.1 million.

Oct 22, 2012

Netflix’s global march puts investors on pause

LOS ANGELES (Reuters) – Netflix Inc launched its subscription video service in 49 countries in a little more than a year, a push that has left Wall Street analysts wondering if the company is trying to expand its reach too quickly.

Last week, the Los Gatos, California-based company began offering on-demand movies and TV shows in Scandinavia, a region Chief Executive Reed Hastings called a battleground for television delivered over the Internet. The company competes there with premium cable network HBO, which is starting to sell online subscriptions to its programs.

Oct 22, 2012

World Series ratings facing likely slump without Yankees

Oct 22 (Reuters) – When the mighty New York Yankee bats went
silent during a humbling four-game sweep in the American League
championship series, it was more than a blow to a franchise that
has won 27 World Series titles. It also doomed the Fox TV
network to what could rank as the lowest-rated World Series in
history.

The series, which starts on Wednesday, pits the Detroit
Tigers against the St. Louis Cardinals or San Francisco Giants,
a matchup that will not include one of the top five U.S. TV
markets. The National League team will be decided in a
winner-takes-all game seven on Monday night.

Oct 21, 2012

“Paranormal Activity 4″ haunts top of movie charts

LOS ANGELES (Reuters) – The fourth “Paranormal Activity” fright flick crept into the No. 1 spot at the weekend box office with $30.2 million in U.S. and Canadian ticket sales.

Iran hostage thriller “Argo” earned $16.6 million and took second place, studio estimates released on Sunday showed. Two-time box office leader “Taken 2″ fell to the No. 4 spot with $13.4 million from Friday through Sunday.

Oct 16, 2012

Murdoch, News Corp board reelected at subdued meeting

LOS ANGELES, Oct 16 (Reuters) – Rupert Murdoch survived yet
another attempt to oust him as chairman of his News Corp
media empire on Tuesday, the second straight year he
has defeated critics who say his family wields too much control
over the company.

Shareholders re-elected Murdoch, his two sons, Lachlan and
James, and the rest of the company’s returning board members
during a 75-minute meeting in Los Angeles. They also voted
against proposals that would have separated the chairman and CEO
roles held by Murdoch and eliminated News Corp’s dual class
stock structure, which gives the Murdoch family voting control
of the company.

Oct 14, 2012

Thriller “Taken 2″ earns second box office win

LOS ANGELES (Reuters) – Liam Neeson thriller “Taken 2″ won a battle between two hostage movies over the weekend, holding on to its top box office rankings for a second week with $22.5 million from ticket sales at U.S. and Canadian theaters.

Ben Affleck’s highly praised Iran hostage thriller “Argo” was as close second, earning $20.1 million from Friday through Sunday. Low-budget horror movie “Sinister” came in third with $18.3 million, according to studio estimates compiled by Reuters.

Oct 7, 2012

Thriller “Taken 2″ grabs movie box office crown

LOS ANGELES (Reuters) – Liam Neeson thriller “Taken 2″ captured the No. 1 spot on movie box office charts over the weekend with a brawny $50 million take from theaters in the United States and Canada.

“Taken 2″ stars Neeson as a former CIA agent kidnapped during a vacation in Istanbul. The movie added $55 million from some 50 international markets for a global opening of $117 million including Korea where it opened earlier, distributor 20th Century Fox said.

Oct 4, 2012

Warner Bros. and Paramount reach home video, Flixster deal

LOS ANGELES (Reuters) – The Warner Bros. home video unit reached a deal to distribute more than 600 films including “Ferris Bueller’s Day Off” and “Breakfast at Tiffany’s” from Paramount Pictures’ film catalog, the companies said on Thursday.

Paramount also will support the Warner Bros. Flixster movie website by providing new releases and older films for sale in the UltraViolet digital streaming format.