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.
Feb 22 (Reuters) – Shane McMahon, the son of
pro-wrestling impresario Vince McMahon, will team up with Walt
Disney Co to distribute video-on-demand Disney movies in
The 42-year-old chief executive officer of YOU On Demand
Holdings – a joint venture with China Home Cinema -
had previously obtained the rights to distribute movies from
Warner Brothers, a unit of Time Warner, and from
Hollywood studio Lionsgate.
“Safe House” took in $28.4 million at U.S. and Canadian theaters from Friday through Monday, according to studio estimates compiled by Reuters. That lifted the movie to No. 1 from its second-place finish when it opened a week earlier.
LOS ANGELES (Reuters) – Denzel Washington thriller “Safe House” rose to the No. 1 spot at movie box offices through Sunday, narrowly leading love story “The Vow” over a long holiday weekend in the United States.
“Safe House” took in $24.0 million at North American (U.S. and Canadian) theaters from Friday through Sunday, taking the top slot after a second-place finish when the film debuted a week earlier. The movie earned an average of $7,680 from 3,121 theaters, according to studio estimates compiled by Reuters.
Three new movies compete for filmgoers over the long President’s Day weekend in the United States. Nicolas Cage is expected to lead the pack of newcomers with Sony’s 3D action sequel “Ghost Rider: Spirit of Vengeance.”
Box-office watchers project Friday-through-Monday sales in the United States and Canada could roar to $30 million for the follow-up to the original “Ghost Rider,” released over the same weekend in 2007.
LOS ANGELES (Reuters) – “Kung Fu Panda” creator Dreamworks Animation SKG Inc plans to build a production studio in Shanghai with some of China’s biggest media companies, a landmark deal that gives the company a foothold in one of the largest untapped markets for Hollywood.
The California-based animation studio behind “Shrek” agreed to form a joint venture with China Media Capital, Shanghai Media Group and Shanghai Alliance Investment Ltd. The deal was announced while Chinese Vice President Xi Jinping was visiting Los Angeles and wrapping up a U.S. visit.