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Jun 12, 2014

Disney sees Infinity video game hitting $1 billion in revenue

LOS ANGELES (Reuters) – Walt Disney Co expects revenue 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.

Jun 10, 2014

Netflix to stop messages blaming Verizon for slow streaming

LOS ANGELES/NEW YORK, June 9 (Reuters) – Netflix Inc
said on Monday it will stop sending messages that blame
Verizon Inc’s broadband service for slow delivery of its
TV shows and movies, a move that may defuse tension between the
two over Internet congestion.

The messages, which appeared on screen when a video was
buffering, were a “small scale test” that will end on June 16,
Netflix spokesman Joris Evers said in a post on the company’s
blog. But he left open the option that the alerts could resume.
“We will evaluate rolling it out more broadly,” he said.

Jun 8, 2014

Teen tearjerker ‘Fault in Our Stars’ trounces Tom Cruise flick

LOS ANGELES/NEW YORK (Reuters) – “The Fault in Our Stars,” a heart-wrenching love story about teens who meet in a cancer support group, won over moviegoers with a stellar $48.2 million at U.S. and Canadian theaters over the weekend, handily beating the new Tom Cruise sci-fi action film, “Edge of Tomorrow.”

“Edge of Tomorrow,” which cost about $175 million, had to settle for third place with $29.1 million from Friday through Sunday, according to estimates from tracking firm Rentrak.

Jun 5, 2014

Verizon demands Netflix stop messages on slow streaming

LOS ANGELES/NEW YORK, June 5 (Reuters) – Verizon
Communications Inc on Thursday demanded that Netflix Inc
immediately stop displaying messages to customers that
place blame on Verizon’s broadband service for slow delivery of
Netflix TV shows and movies.

In a cease-and-desist letter sent to Netflix, Verizon also
asked the video streaming service to provide information
including a list of customers on the Verizon network to whom
Netflix delivered the notices, or face legal action.

Jun 4, 2014

Netflix blames slow speeds on Verizon, other Internet providers

WASHINGTON/LOS ANGELES, June 4 (Reuters) – Netflix Inc
is telling customers that Verizon Inc and other
Internet providers are to blame for slow speeds as the video
streaming service pushes to avoid paying for faster delivery of
its movies and TV shows.

Netflix has been calling on the U.S. Federal Communications
Commission to do away with fees content companies pay to
Internet service providers for smooth delivery of their services
to consumers.

May 26, 2014

‘X-Men’ sequel tops ‘Avatar’ as Fox’s biggest global debut

LOS ANGELES, May 26 (Reuters) – Mutant superhero movie
“X-Men: Days of Future Past” powered to $302 million in
worldwide ticket sales through the U.S. Memorial Day holiday on
Monday, capping a weekend in which it surpassed “Avatar” as the
biggest global debut for film studio 20th Century Fox.

The seventh installment in the “X-Men” franchise topped U.S.
and Canadian movie charts with $111.0 million from Friday
through Monday, according to estimates from tracking firm
Rentrak. The film earned an additional $191.0 million at
theaters around the world, Fox said.

May 25, 2014

‘X-Men’ overpowers ‘Godzilla’ on way to holiday weekend win

LOS ANGELES/NEW YORK (Reuters) – The “X-Men” mutant superheroes smashed into U.S. and Canadian theaters and collected $90.7 million in ticket sales through Sunday, keeping monster hit “Godzilla” at bay and heading toward a decisive win over a long holiday weekend.

“X-Men: Days of Future Past” was expected to bring in $110 million by the end of the U.S. Memorial Day holiday on Monday, distributor 20th Century Fox said. The movie has already earned a global total of $261.8 million after opening at No. 1 in all 119 countries around the world.

May 21, 2014

Netflix to launch in six European countries this year

LOS ANGELES (Reuters) – Netflix Inc will launch its online movie and TV subscription service later this year in France, Germany and four other European countries, in a major push into new markets.

The other new countries Netflix will enter in late 2014 are Austria, Switzerland, Belgium and Luxembourg, the California-based company said in a statement on Wednesday.

May 19, 2014

‘Godzilla’ tramples rivals with monster $93 mln debut

LOS ANGELES/NEW YORK, May 18 (Reuters) – “Godzilla,” a
remake of the classic Japanese monster movie, crushed its box
office competitors over the weekend, devouring $93.2 million in
the United States and Canada for the year’s second-biggest debut
and spawning talk of a sequel.

The smashing performance makes the film a hit for Legendary
Pictures, the independent studio headed by Thomas Tull that
financed 75 percent of the $160 million production, and its
partner Warner Bros., which said the new take on “Godzilla” was
on its way to becoming a franchise.

May 18, 2014

‘Godzilla’ tramples rivals with summer season’s first monster hit

LOS ANGELES/NEW YORK, May 18 (Reuters) – Monster movie
remake “Godzilla” crushed its competitors at U.S. and Canadian
theaters over the weekend, stomping its way to the top of box
office charts with an estimated $93.2 million in ticket sales
for the year’s second-biggest debut.

The giant lizard trounced second-place finisher, adult
comedy “Neighbors” which led sales a week ago and earned $26
million from Friday through Sunday, ahead of superhero sequel
“The Amazing Spider-Man 2″ with $16.8 million, according to
estimates from tracking firm Rentrak.