LOS ANGELES (Reuters) – Netflix Inc is on a mission to start closing the yawning gap between the theatrical debut of movies and their availability for online streaming, forcing Hollywood to rethink where to release new films.
With a sequel to martial-arts drama “Crouching Tiger, Hidden Dragon” and four Adam Sandler movies, Netflix will have brand-new content for subscribers around the world. That instant access is much quicker than the typical 7-to-18 months Netflix must wait to stream new releases from Hollywood studios.
LOS ANGELES/NEW YORK (Reuters) – Ben Affleck’s movie thriller “Gone Girl” dominated U.S. and Canadian movie charts for a second consecutive weekend, collecting $26.8 million in ticket sales to beat back challenges from four new films that fought for moviegoer dollars.
New action movie “Dracula Untold” finished second with $23.5 million while Walt Disney Co family comedy “Alexander and the Terrible, Horrible, No Good, Very Bad Day” was third, earning $19.1 million from Friday through Sunday, according to estimates from tracking firm Rentrak.
(Reuters) – The NBA’s agreement on a new more than $20 billion multi-year contract with broadcast partners Walt Disney Co and Time Warner Inc was overshadowed by news that Disney’s ESPN is joining with the basketball league to create an Internet sports channel available without a pay TV subscription.
A new streaming channel planned by ESPN, which sources familiar with the plans said would be widened to include other sports, is an early step that could upend the traditional cable and satellite companies if it leads more consumers cancelling their pay TV service.
LOS ANGELES/NEW YORK, Oct 5 (Reuters) – Movie thriller “Gone
Girl,” starring Ben Affleck as a man suspected of causing his
wife’s disappearance, overcame a demonic doll named “Annabelle”
to win a tight weekend race at U.S. and Canadian movie box
“Gone Girl” pulled in $38 million over its first three days
in domestic theaters, according to estimates released Sunday by
tracking firm Rentrak. Horror flick “Annabelle” ranked close
behind with $37.2 million.
LOS ANGELES (Reuters) – Walt Disney Co’s board extended Chairman and Chief Executive Bob Iger’s contract through June 2018, keeping him at the helm of the media and theme park company two years longer than he previously planned.
Disney announced the contract extension on Thursday but did not say who would succeed Iger, who has led the company to record profits. He plans to name a chief operating officer next year, a person with knowledge of Iger’s thinking said, setting up a likely successor.
LOS ANGELES (Reuters) – DirecTV (DTV.O: Quote, Profile, Research, Stock Buzz) extended its exclusive contract to sell the Sunday Ticket package of National Football League games, and sources said the company will pay $1.5 billion a year to keep the popular offering that has helped attract subscribers.
The agreement announced on Wednesday removes a potential roadblock to AT&T Inc’s (T.N: Quote, Profile, Research, Stock Buzz) proposed $48.5 billion purchase of the satellite TV provider. AT&T had the right to pull out of the deal if DirecTV was unable to renew its Sunday Ticket pact.
LOS ANGELES, Sept 29 (Reuters) – DreamWorks Animation SKG
Inc could soon have a new Japanese owner in a deal that
highlights the challenges facing Hollywood’s smaller studios in
remaining independent and could prompt a string of other deals.
Over the weekend, a source said DreamWorks, the studio best
known for movie franchises including “Shrek” and “Madagascar,”
was in talks about a possible sale to SoftBank Corp,
the cash-rich Japanese communications and media company.
LOS ANGELES (Reuters) – A Tyrannosaurus rex lumbers forward, belts out a deafening roar, then stomps overhead, and a viewer watching inside a virtual reality headset turns around to see the beast walking away.
The lifelike run-in with a prehistoric monster comes courtesy of prototype Oculus Rift goggles, giving a glimpse of a future that breaks movies out of the flat screen.
LOS ANGELES, Sept 22 (Reuters) – Otter Media, a joint
venture between telecom giant AT&T Inc and The Chernin
Group, has agreed to buy a majority stake in Fullscreen, one of
the largest networks on YouTube, the companies announced on
The deal values Fullscreen at between $200 million and $300
million, a person with knowledge of the transaction said.
Fullscreen founder and Chief Executive George Strompolos will
remain CEO and keep an ownership stake in the company.
NEW YORK/LOS ANGELES, Sept 10 (Reuters) – Time Warner Inc
and CBS Corp signaled on Wednesday that they
were increasingly open to one day making HBO and Showtime
available directly to consumers over the Internet without a
subscription to a cable television service.
Separate comments by CBS Chief Executive Officer Leslie
Moonves and Time Warner CEO Jeff Bewkes at an investor
conference were the latest sign that pressure from rival
services such as Netflix Inc could make streaming cable
TV delivered via broadband a reality.