Lisa's Feed
Mar 1, 2012
via MediaFile

Change of plans: Redstone will make Viacom meeting

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UPDATE: Sumner Redstone has changed his mind about next week’s Viacom annual meeting. The media giant’s executive chairman has reworked his schedule so that he can attend the gathering in New York.   On Thursday, company spokesman Carl Folta said Redstone had an “unavoidable commitment” that would force him to miss the shareholder meeting. “He was able to change his commitment and will participate in the meeting,” Folta said on Friday.   The previously planned absence had nothing to do with the health of the 88-year-old media mogul, Folta said. Redstone, who has majority control of Viacom as well as CBS, was seen publicly as recently as Sunday, at the Academy Awards in Hollywood.  Photo Credit: Reuters/Lucas Jackson

 

Mar 1, 2012

Disney disputes shareholder report on CEO pay, role

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.”

Feb 27, 2012

Weinsteins win big on Oscar night with ‘Artist’

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.”

Feb 27, 2012

“Rango” wins Oscar for best animated feature film

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.

Feb 26, 2012

“Act of Valor” triumphs at box office

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 23, 2012

Wrestling scion joins Disney in the ring in China

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
China.

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.

Feb 20, 2012
via MediaFile

Denzel Washington’s ‘Safe House’ grabs box office crown

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The weekend box office title landed securely in Denzel Washington’s hands as his thriller, “Safe House,” beat love story “The Vow” over a long U.S. holiday weekend. 

“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. 

Feb 19, 2012

‘Safe House’ leads movie box office charts

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.

Feb 17, 2012
via MediaFile

Cage, Witherspoon feature in box-office battle

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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.

Feb 17, 2012

Dreamworks Animation heads to China

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.