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Nov 24, 2013

‘Catching Fire’ ignites global box office with $307.7 million

LOS ANGELES/NEW YORK, Nov 24 (Reuters) – “The Hunger Games:
Catching Fire” blazed straight to the top of weekend movie
charts, setting a U.S. and Canadian record for November ticket
sales and hauling in a huge $307.7 million around the world.

Fans poured into theaters for the second installment in the
series starring Jennifer Lawrence as scrappy heroine Katniss
Everdeen, the skilled archer who becomes a beacon of hope for
the oppressed residents of the fictional nation of Panem.

Nov 21, 2013

Lions Gate stokes overseas fire for ‘Hunger Games’ sequel

LOS ANGELES (Reuters) – When the sequel “The Hunger Games: Catching Fire” debuts worldwide on Friday, industry analysts believe the movie from studio Lions Gate Entertainment will set international box offices ablaze in a bigger way than the first film.

The original “Hunger Games” movie in 2012 became a smash hit with strong sales in the United States and Canada, but pulled in less than half of its box office grosses in overseas markets, a modest foreign take by blockbuster standards. Today’s biggest Hollywood movies often earn 50 to 70 percent of their revenue overseas.

Nov 17, 2013

‘Thor’ reigns over U.S., Canada box office for second week

LOS ANGELES/NEW YORK (Reuters) – Superhero sequel “Thor: The Dark World” hammered out another victory in its second weekend at U.S. and Canadian box offices, overcoming a strong performance from Christmas-themed romantic comedy “The Best Man Holiday.”

“Thor,” from Walt Disney Co’s Marvel Studios, hauled in $38.4 million in ticket sales from Friday through Sunday, according to studio estimates. “Best Man Holiday” earned $30.6 million to take the No. 2 spot. Senior-citizen, buddy comedy “Last Vegas” finished third with $8.9 million.

Nov 16, 2013

NFL’s Bornstein may be candidate to head IMG: sources

LOS ANGELES (Reuters) – Steve Bornstein, the National Football League’s top media executive and a one-time ESPN chairman, may be a top candidate to be chairman of the powerful sports agency IMG if a group he is advising succeeds in buying it, according to two people with knowledge of the bids.

Bornstein is advising a group, headed by British money management firm CVC Capital Partners, in its bidding for the sports, fashion and marketing agency, the sources said.

Nov 15, 2013

NFL’s Bornstein enters IMG auction as adviser to bidder

LOS ANGELES (Reuters) – Steve Bornstein, the National Football League’s top media executive and a one-time ESPN chairman, working behind-the-scenes role in the auction of sports agency IMG by advising a bidders group headed by British money management firm CVC Capital Partners.

If the group is successful, Bornstein would be a top candidate to become chairman of the fabled sports, fashion and marketing agency, according to two people with knowledge of the bids.

Nov 15, 2013

Comcast to sell digital movies through cable boxes, website

LOS ANGELES (Reuters) – Comcast Corp plans to start selling movies for download and streaming through the cable operator’s set-top boxes and its Xfinity TV website, according to people with knowledge of the plan.

The effort will offer a new path for Hollywood studios to generate revenue from films after they leave theaters. For Comcast subscribers, it provides a way to purchase movies they can watch anytime on through a TV, computer or mobile devices.

Nov 11, 2013

Disney games co-president named consultant as unit consolidates

LOS ANGELES, Nov 11 (Reuters) – Walt Disney Co said
on Monday it has consolidated the video games and online
businesses in its interactive unit and that co-President John
Pleasants has left his post to become a consultant for the
division.

The group’s other co-president, Jimmy Pitaro, will lead the
merged unit, Disney said in a statement.

Nov 10, 2013

Marvel’s ‘Thor’ soars to top of U.S.-Canada movie charts

LOS ANGELES/NEW YORK (Reuters) – Marvel superhero Thor pounded his box office competitors over the weekend, muscling movie sequel “Thor: The Dark World” to the top of U.S. and Canadian charts with a hefty $86.1 million in debut ticket sales.

The 3D film starring Chris Hemsworth trounced last week’s top movies. Raunchy comedy “Jackass Presents: Bad Grandpa” finished in second place with $11.3 million from Friday through Sunday, according to Hollywood.com.

Nov 7, 2013

Disney beats Street on higher theme parks spending, toy sales

LOS ANGELES, Nov 7 (Reuters) – Walt Disney Co
reported a gain in profit that beat Wall Street expectations,
boosted by higher spending by summer visitors to U.S. theme
parks and increased sales of toys and other consumer products.

The media company posted diluted earnings per share of 77
cents for the quarter ended in September, according to a
statement released on Thursday. That beat the 76 cents per share
that was the average estimate of analysts surveyed by Thomson
Reuters I/B/E/S.

Nov 6, 2013

Advertising, TV show licensing boost CBS profit

LOS ANGELES, Nov 6 (Reuters) – CBS Corp recorded
higher profit that met Wall Street expectations as the company
collected more revenue from advertising and the licensing of
television shows including hits “NCIS: Los Angeles” and “The
Good Wife.”

CBS on Wednesday posted diluted earnings per share of 76
cents, in line with the average projection for analysts surveyed
by Thomson Reuters I/B/E/S. The company reported 64 cents per
share a year earlier. Net earnings from continuing operations
rose to $469 million, a 12 percent gain from $420 million in the
same period last year.