LOS ANGELES, Feb 16 (Reuters) – “Kung Fu Panda”
creator Dreamworks Animation may soon set up a
production studio in China through a deal that could be
announced Friday during a U.S. visit by Chinese Vice President
The studio is likely to unveil a joint venture with
China-based investors during Xi’s visit to Los Angeles on
Thursday and Friday, a person familiar with the matter told
Reuters earlier this week.
Love story “The Vow” won the hearts of moviegoers with $51.4 million in global ticket sales over a pre-Valentine’s Day weekend that featured stronger-than-expected performances from three new releases.
“The Vow,” starring Rachel McAdams and Channing Tatum, took in $41.7 million at U.S. and Canadian theaters from Friday through Sunday in the biggest domestic opening so far this year, according to studio estimates compiled by Reuters on Sunday. Twenty international markets added $9.7 million, bringing the global total to $51.4 million.
LOS ANGELES, Feb 10 (Reuters) – The Disney Channel –
home to bubbly fare from “Hannah Montana” to “High School
Musical” — has emerged as a potent global engine for Walt
Disney Co after decades of quiet expansion. And it
couldn’t come at a better time for the Mouse House.
As cash cow ESPN grapples with ever-richer sports rights and
a once-reliable theme park business remains susceptible to a
tottering economy, Disney’s international presence — now in
over 375 million homes in 167 countries — is driving sales
growth and gaining ground internationally on Time Warner Inc’s
LOS ANGELES, Feb 7 (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research)
is expected to show another steady quarter of growth, driven by
healthy business at cable networks and theme parks, when the
media giant reports results on Tuesday.
The company’s shares have risen 10.2 percent since November,
when Chief Executive Bob Iger reported higher income and profits
propelled by a rise in cable advertising and theme park growth.
(Reuters) – Walt Disney Co’s (DIS.N: Quote, Profile, Research, Stock Buzz) quarterly revenue fell short of Wall Street’s expectations after the movie studio put in a poor showing, as the largest U.S. media corporation searched for new ways to grow its struggling ABC television unit.
Disney shares fell 1.8 percent to $40.28 in after-hours trading.
The operator of television networks ESPN and ABC, a movie studio and theme parks, posted fiscal first-quarter revenue of $10.8 billion, a 1 percent gain from a year earlier. Analysts on average had expected revenue of $11.2 billion. Profit grew 12 percent as the consumer-dependent media networks and theme parks held strong in an uncertain economy.
LOS ANGELES (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) is expected to show another steady quarter of growth, driven by healthy business at cable networks and theme parks, when the media giant reports results on Tuesday.
The company’s shares have risen 10.2 percent since November, when Chief Executive Bob Iger reported higher income and profits propelled by a rise in cable advertising and theme park growth.
Teen boys with superpowers helped lift the movie box office to unexpected heights over Super Bowl weekend as thriller “Chronicle” edged “Harry Potter” star Daniel Radcliffe’s haunted house movie “The Woman in Black.”
“Chronicle” brought in an estimated $22.0 million from U.S. and Canadian theaters, studio estimates released on Sunday showed. The movie with largely unknown actors finished just ahead of Radcliffe’s “Woman in Black,” which took in an estimated $21.0 million.
LOS ANGELES (Reuters) – General Motors scored with an Armageddon-proof Chevy truck while a Clint Eastwood pep talk for America won notice for rival Chrysler during the high-stakes brand battle at Sunday’s Super Bowl.
Other commercials from companies such as Anheuser-Busch and Coca-Cola repeated old themes or failed to stand out during American TV’s most valuable advertising time, according to industry experts and online comments.
LOS ANGELES, Feb 3 (Reuters) – The Super Bowl is still
two days away but some advertisers already are looking like
winners as their yet-to-be-aired commercials score millions of
hits online and rack up pre-game buzz.
A teaser for Volkswagen’s ad has drawn more than
11 million viewers on YouTube. The campaign features a pack of
dogs barking out a “Star Wars” song, repeating a theme from the
company’s well-received ad during last year’s Super Bowl. ()
ESPN President John Skipper, speaking at a conference sponsored by the Wall Street Journal’s All Things Digital blog, said the Walt Disney-owned network would produce up to 150 programs this year in 3D. Skipper acknowledged 3D television is “not a mass phenomenon” but said “with most things, there’s disappointment toward adoption before a rush to adoption.”