LOS ANGELES, March 9 (Reuters) – “John Carter,” the 3D
space adventure film that opens today, was supposed to be the
Walt Disney Co’s latest franchise movie, a blockbuster
on par with “Cars” and “Pirates of the Caribbean” that generates
profits beyond the film to television, books, and consumer
Instead, industry tracking suggests it will be the latest
big-budget box office bust.
(Reuters) – Netflix Chief Executive Reed Hastings has quietly met with some of the largest U.S. cable companies in recent weeks to discuss adding the online movie streaming service to their cable offerings, according to sources familiar with matter.
In what would ratchet up its competition with HBO, the talks could lead to Netflix becoming available as another on-demand option for cable subscribers through their set-top boxes, according to three people familiar with the talks. If a partnership came to fruition, a cable operator might offer Netflix as an additional option added onto a subscriber’s cable bill, according to a fourth person.
The popularity of the 3D animated “Lorax” far exceeded industry forecasts and helped lift total box-office receipts ahead of last year for the ninth weekend in a row.
March 2 (Reuters) – As Disney prepares to launch its
fourth cruise ship following several recent disasters that have
rocked the industry, and other cruise lines jump to slash fares,
the company’s chief executive officer never considered cutting
rates for passengers on its new Disney Fantasy ship, scheduled
to sail on March 31.
“The opportunity we see isn’t in grabbing market share by
pricing. We have a brand that means quality and service for
family entertainment,” Chief Executive Bob Iger said from a
Disney Fantasy stateroom an hour before its March 1 christening
in New York City.
LOS ANGELES (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) defended its executive structure and pay on Thursday after a shareholder governance group criticized Chief Executive Bob Iger’s compensation and his added role as chairman.
Disney, in filings with securities regulators, said a report by Institutional Shareholder Services was “deeply flawed and out of touch with shareholder interests.”
LOS ANGELES, Feb 26 (Reuters) – Oscar gold shined
again on independent film mogul Harvey Weinstein, whose studio
took home eight Academy Awards including best picture honors for
“The Artist” on Sunday.
The New York-based Weinstein Co triumphed over the
deep-pocketed major studios with wins for “The Artist,” “The
Iron Lady” and documentary “Undefeated.” Viacom Inc’s
Paramount Pictures was second among the studios with six awards
for “Hugo” and “Rango.”
LOS ANGELES (Reuters) – “Rango,” starring Johnny Depp as the voice of a pet chameleon who tries to bring law and order to a town in the Wild West, won the Oscar for best animated feature film on Sunday.
Depp voices Rango, who ends up stuck in a desert town called Dirt, where he takes on the role of sheriff and leads a quest to replenish the town’s water supply.
LOS ANGELES (Reuters) – Military drama “Act of Valor” claimed the No. 1 spot on movie box office charts, beating expectations with an estimated $24.7 million in U.S. and Canadian ticket sales during another busy weekend at theaters.
Tyler Perry’s new drama, “Good Deeds,” finished in second place with $16.0 million, according to studio estimates released on Sunday as Hollywood prepared for the Academy Awards.