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Aug 10, 2014

‘Turtles’ beats Marvel’s ‘Guardians’ at US, Canada box office

LOS ANGELES/NEW YORK, Aug 10 (Reuters) – The return of the
“Teenage Mutant Ninja Turtles” earned $65 million in ticket
sales at U.S. and Canadian movie theaters over the weekend,
easily winning a box office battle with Marvel’s outer space hit
“Guardians of the Galaxy.”

“Ninja Turtles,” a reboot of a franchise born in 1980s comic
books and popularized in TV cartoons, rang up another $28.7
million in international markets for a global debut of $93.7
million, according to distributor Paramount Pictures which
wasted no time in announcing a sequel, set to open June 3, 2016.

Aug 10, 2014

Marvel’s ‘Guardians’ beats ‘Turtles’ at US, Canada box office

LOS ANGELES/NEW YORK, Aug 10 (Reuters) – The return of the
“Teenage Mutant Ninja Turtles” earned $65 million in ticket
sales at U.S. and Canadian movie theaters over the weekend,
easily winning a box office battle with Marvel’s outer space hit
“Guardians of the Galaxy.”

“Ninja Turtles,” a reboot of a franchise born in 1980s comic
books and popularized in TV cartoons, rang up another $28.7
million in international markets for a global debut of $93.7
million, according to distributor Paramount Pictures which
wasted no time in announcing a sequel, set to open June 3, 2016.

Aug 6, 2014

Dish chairman says bid for T-Mobile possible now Sprint is out

NEW YORK/LOS ANGELES, Aug 6 (Reuters) – Dish Network Corp
Chairman Charlie Ergen said it makes sense for the
satellite operator to consider making a bid for T-Mobile US Inc
now that Sprint is out of the picture.

“Certainly to the extent that Sprint either dropped out or
wasn’t interested or the government wouldn’t allow it … then
T-Mobile is something that we would have an interest in,” Ergen
said on Wednesday on a conference call after Dish reported
quarterly results.

Aug 6, 2014

Disney toy division’s focus on franchises makes it a star

By Lisa Richwine and Ronald Grover

(Reuters) – Shoppers entering a Walt Disney Co retail store these days can see company CEO Bob Iger’s franchise strategy on display: walls packed with products linked to the company’s famous characters, ranging from Mickey and Minnie to “Guardians of the Galaxy,” Iron Man and Doc McStuffins.

Ten years after being sold off and six years after Disney bought them back, Disney’s 336 retail stores have helped make its consumer products division among the fastest-growing of the media company’s five segments. In the quarter that ended in June, the unit earned $273 million, a 25 percent increase from a year ago.

Aug 6, 2014

Analysis – Disney toy division’s focus on franchises makes it a star

By Lisa Richwine and Ronald Grover

(Reuters) – Shoppers entering a Walt Disney Co (DIS.N: Quote, Profile, Research) retail store these days can see company CEO Bob Iger’s franchise strategy on display: walls packed with products linked to the company’s famous characters, ranging from Mickey and Minnie to “Guardians of the Galaxy,” Iron Man and Doc McStuffins.

Ten years after being sold off and six years after Disney bought them back, Disney’s 336 retail stores have helped make its consumer products division among the fastest-growing of the media company’s five segments. In the quarter that ended in June, the unit earned $273 million (162.1911 British pound), a 25 percent increase from a year ago. It was the unit’s fourth consecutive quarter of double-digit earnings growth, Iger said when the company announced its results on Tuesday.

Aug 5, 2014

Disney profit jumps thanks to movies, parks, products

By Lisa Richwine

(Reuters) – Media company Walt Disney Co’s quarterly profit blew past Wall Street expectations, with a muscular performance from its “Captain America” movie, higher attendance at U.S. theme parks and brisk sales of merchandise tied to mega-hit “Frozen.”

Net income rose to $2.2 billion in the quarter ended on June 28, up 22 percent from the year-ago period, the company said on Tuesday. Diluted earnings per share reached a record $1.28, beating analysts’ average forecast of $1.17 in a Thomson Reuters I/B/E/S survey.

Aug 5, 2014

Disney profit gets boost from movies, parks, products

By Lisa Richwine

(Reuters) – Media company Walt Disney Co’s quarterly profit beat Wall Street expectations, helped by strong results from its movie studio, theme parks and consumer products division.

Net income rose to $2.2 billion in the third quarter ended on June 28, up 22 percent from the year-ago period, the company said on Tuesday. Diluted earnings per share reached $1.28, beating analysts’ average forecast of $1.17 in a Thomson Reuters I/B/E/S survey.

Jul 20, 2014

‘Apes’ rules North American box office for second straight weekend

LOS ANGELES/NEW YORK (Reuters) – Sci-fi sequel “Dawn of the Planet of the Apes” beat a new horror flick, an animated family film and an adult comedy to keep its grip on the U.S. and Canadian box office title for a second straight weekend.

“Apes” collected $36 million in domestic ticket sales from Friday through Sunday, according to estimates from Rentrak, only the second summer film to top the box office for two consecutive weekends. Low-budget horror film “The Purge: Anarchy” finished in second place with $28.4 million.

Jul 17, 2014

Microsoft ends flirtation with Hollywood and original shows – source

LOS ANGELES, July 17 (Reuters) – Microsoft Corp
intends to wind down Xbox Entertainment Studios, a source
familiar with its plans said, becoming the first major tech
company to give up on making original shows in a battle for the
living room couch.

The production outfit’s impending closure is part of a
sweeping restructuring announced by the software giant on
Thursday, which includes the largest single round of layoffs in
the company’s near-four-decade history.

Jun 13, 2014

Disney sees Infinity game’s retail sales hitting $1 billion

LOS ANGELES (Reuters) – Walt Disney Co expects global retail sales from its 10-month-old Infinity video game to reach $1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company’s interactive unit, said in an interview.

Disney launched Infinity in August to help turn around its interactive gaming unit, which lost $1.4 billion from fiscal year 2008 to 2013. In an overhaul in March, the division laid off about one-quarter of the workforce, cut the number of games it develops and focused its advertising more on the fast-changing mobile market.