Hot on DailyFinance:

See More Stories
Feed

Viacom Dominates Theaters with 'Paranormal Activity 2'

Last time around, Viacom (VIA.B) had the number-one film of the weekend with Jackass 3D. Well, the studio has done it again, this time with a project more suited for the upcoming holiday dedicated to ghosts, goblins, and low-budget celluloid horrors.

According to early estimates at Box Office Mojo, Paranormal Activity 2 obliterated the competition at domestic theaters. It took in well over $40 million, more than enough for first place. Of course, the company behind the picture that came in second isn't crying: Jackass 3D, which captured another $20 million and is now on its way to passing $100 million in total gross, is also from Viacom.

Continue reading Viacom Dominates Theaters with 'Paranormal Activity 2'

Viacom's 'Jackass' Franchise Makes Triumphant Return

Viacom (VIA.B) scored this past weekend with Johnny Knoxville and his self-abusing colleagues. The film Jackass 3D came out on top, making $50 million at domestic theaters in its debut, according to early estimates at Box Office Mojo. Viacom beat out high-profile products from various media companies: Summit Entertainment's Red, Sony's (SNE) The Social Network, Time Warner's (TWX) Life As We Know It, and Disney's (DIS) Secretariat all had to step aside and watch as multiplexes filled with fans eager to see the comedy saturated with a series of painful stunts.

It isn't too surprising. The promotional campaign for the movie seemed to have hit its target demographic, creating an appropriate amount of excitement that eventually translated into copious ticket sales. Plus, except for Red, the other movies mentioned were already out in the marketplace, making them not as much of a threat to the energetic new kid on the block.

Continue reading Viacom's 'Jackass' Franchise Makes Triumphant Return

Disney's 'Secretariat' Disappoints

As a Disney (DIS) shareholder, I was disappointed by the third-place showing for the company's latest film, Secretariat. According to Box Office Mojo, it took in an estimated $12.6 million over the Friday to Sunday weekend. We still have the Monday holiday to go, but I don't think it'll make much difference.

I suppose one could say it did all right in its debut considering the type of movie it is and the time of year; this isn't the summer, certainly, so we're not necessarily going to observe supercharged grosses. But I think Disney has a lot to prove with each of its films these days since CEO Bob Iger has been focusing on finding the right strategy for growth in a division that hasn't always pulled its weight.

Continue reading Disney's 'Secretariat' Disappoints

News Corp.'s 'Wall Street' Sequel: Should It Have Done Better?

Last weekend's box-office race went to News Corp. (NWS). The media conglomerate released the sequel to Wall Street. The project, entitled Wall Street: Money Never Sleeps, stars Michael Douglas and Shia LaBeouf. When you think of the iconic equity the original possesses, and combine it with the current financial zeitgeist (maybe I should have written current negative financial zeitgeist, considering the state we're in), you might have expected a huge hit.

I did. And I was wrong. Sure, according to Box Office Mojo, the second Wall Street captured the top spot. But take a look at the actual domestic gross for the three-day debut: $19 million. Does that sound like a blockbuster? Even in the more sedate September period, I had higher hopes for a more exciting debut.

Continue reading News Corp.'s 'Wall Street' Sequel: Should It Have Done Better?

Time Warner's 'Town' Craftier Than Shyamalan's Latest Project

No one can truly predict the movie business. I can't, certainly. If you had asked me what film would turn out to be the most popular among movie patrons this past weekend, I would have told you that Devil, distributed by General Electric's (GE) Universal Pictures, stood the best chance of slithering its evil celluloid self to the top of the heap. As it turns out, I was wrong. Time Warner's (TWX) The Town, directed by and starring Ben Affleck, was the winner at domestic theaters, according to Box Office Mojo.

Town brought in over $23 million as of estimates available at the time of this writing. In second place was Easy A, from Sony (SNE), with $18 million. Devil made about $12 million. The Los Angeles Times says that all of these projects didn't cost an exorbitant amount to produce.

Continue reading Time Warner's 'Town' Craftier Than Shyamalan's Latest Project

Gordon Gekko Returns: Best Wall Street Movies

Gordon Gekko, Wall Street: Money Never SleepsRuthless corporate raider Gordon Gekko returns to the silver screen next week in Oliver Stone's Wall Street: Money Never Sleeps. Gekko was introduced in 1987's Wall Street, and his greed-is-good philosophy made the character a cultural icon and cult hero, as well as won Michael Douglas an Academy Award. The questions is, will Gekko hold up in the new millennium? We'll soon find out.

In the meantime, here's a glance at some of the best of Wall Street movies thus far. Are your favorites on the list?

  • Pi (1998). A thriller about a paranoid mathematical genius on the run because he might just have discovered a way to accurately predict the behavior of the stock market. A Sundance Festival award winner. See trailer.

Continue reading Gordon Gekko Returns: Best Wall Street Movies

WWE's 'Legendary': An Odd Choice for a Movie Strategy

Legendary posterI have to admit, I didn't notice until late this week that World Wrestling Entertainment's (WWE) Legendary film, which opened yesterday, was some sort of drama. Maybe I was aware of it, somewhere in the back of my mind, but honestly, I've suddenly been hit by the notion that WWE's celluloid division made one heck of a strange business decision in green lighting the project.

Let me say upfront that I have not seen the movie. But I've read several reviews, such as the one in the Los Angeles Times. They don't make me want to see the flick.

Continue reading WWE's 'Legendary': An Odd Choice for a Movie Strategy

Disney Must Get Its Movie-Marketing House in Order

Disney (DIS) management has decided to hire a new marketing person to sell Pirates of the Caribbean: On Stranger Tides, a movie that will hit theaters in May 2011, according to The Hollywood Reporter. This move should make Disney shareholders at least a little concerned. Apparently, the current marketing chief, M.T Carney, may not have all that it takes to maximize the financial potential of the assumed blockbuster.

The movie division over at the Mouse is extremely important to the company's ability to create value. It's also going to play a big role over the next year in terms of stock performance.

Continue reading Disney Must Get Its Movie-Marketing House in Order

Movie Business in Need of Attendance

Media companies like Disney (DIS), News Corp. (NWS), and Time Warner (TWX) are dependent on a healthy celluloid industry. As times have changed, the industry has become more challenging. Home video, for example, is mired in a complex conundrum: how does one grow physical media revenue in the digital age? How does video-on-demand fit into the picture? What about online downloads? When you think about it, theatrical exhibition is becoming more important than ever before as post-multiplex channels of distribution undergo radical changes to keep up with the times.

Unfortunately, the following article from the Associated Press indicates that there's a lot of marketing work to be done in Hollywood. You see, while summer box-office sales are up, the quantity of admission transactions has declined.

Continue reading Movie Business in Need of Attendance

Has Lionsgate's Latest Film Exorcised Carl Icahn?

Lionsgate (LGF) has now produced two hits in a row. The Expendables, starring Sylvester Stallone, was third over the past weekend at domestic theaters, according to early estimates at Box Office Mojo. After completing its third weekend in the marketplace, the movie has generated over $80 million so far in total. Not bad, although it must take in more dollars to break even, as I mentioned last week.

More impressively, The Last Exorcism nabbed the top spot. It captured $21.3 million over the last three days. At the time of this writing, though, the second-place film, Sony's (SNE) Takers, was credited with an even $21 million. Once final figures are available later on, it's possible the rankings could change.

Continue reading Has Lionsgate's Latest Film Exorcised Carl Icahn?

Some Thoughts on Netflix

Netflix (NFLX) looks like a buy. And then again, it looks like a sell. Don't you hate that? Louis Navellier was recently bullish on the movie-rental company. I see his point. But I also see the one-year chart as maybe a reason to take profits at this time. Inarguably, the stock has had a nice run.

A little over a week ago, Wade Hansen discussed the streaming success the company has had and also analyzed the technical prospects for the equity. There's no question that the management team wants to aggressively move its business model forward from physical media to digital delivery. Considering the brand equity in place, I believe the service has a good shot at achieving long-term success.

Continue reading Some Thoughts on Netflix

Lionsgate Beats Competition Again with 'Expendables'

Lionsgate (LGF) continued its reign at the domestic multiplex. Last weekend, the studio was No. 1 with The Expendables. This past weekend, the film was popular enough to repeat the feat, taking in $16 million, according to estimates from Box Office Mojo. The project has grossed well over $60 million so far.

News Corp.'s (NWS) Vampires Suck, Sony's (SNE) Eat Pray Love, and Time Warner's (TWX) Lottery Ticket just couldn't keep up with the action flick. The first two movies grossed about $12 million each, while Ticket took in around $11 million.

Continue reading Lionsgate Beats Competition Again with 'Expendables'

Lionsgate Scores Victory with 'Expendables'

Lionsgate (LGF) needed The Expendables to be a hit, as I noted last week. And management scored on that count. According to early estimates for domestic theatrical performance at Box Office Mojo, the movie nabbed first place with $35 million over the three-day weekend.

Coming in a strong second was Sony's (SNE) Eat Pray Love, which had a ton of buzz surrounding it going into its debut, capturing $23 million. Not bad.

Continue reading Lionsgate Scores Victory with 'Expendables'

Lionsgate Needs 'The Expendables' to Be a Hit

Lionsgate Entertainment (LGF) is hoping it can dominate the upcoming weekend box-office race. And if it can't dominate, then it at least wants to come as close to dominating as possible.

The bottom line: it can't put in a mediocre performance -- and it most definitely cannot fail. It will release a movie this Friday called The Expendables. As the Los Angeles Times makes clear, it's a pretty important event for the studio.

Continue reading Lionsgate Needs 'The Expendables' to Be a Hit

Disney Needs a New Box Office Spell

Everyone was excited this past weekend for Time Warner's (TWX) Inception movie. It was the No. 1 feature at domestic theaters, with an estimated gross of $60 million, according to Box Office Mojo (final figures are due later). Good news for shareholders of that company. I, however, am a shareholder of Disney (DIS), so the bigger story to me was the failure of The Sorcerer's Apprentice.

Despicable Me, from General Electric's (GE) Universal, came in second with over $32 million. Apprentice was third with $17 million -- a very disappointing take. The project opened last Wednesday, so its total since then is around $24 million: Terrible.

Continue reading Disney Needs a New Box Office Spell

« Previous Page | Next Page »

Symbol Lookup
IndexesChangePrice
DJIA+33.6012,529.75
NASDAQ-10.742,839.38
S&P 500+1.821,320.68

Last updated: May 24, 2012: 09:14 PM

Hot Stocks

General Electric

19.25+0.07(+0.36)

Alcoa

8.63+0.02(+0.23)

Apple Inc

565.32-5.24(-0.92)

Google Inc 'A'

603.66-5.80(-0.95)

Bank of America

7.14-0.03(-0.42)

Wal-Mart Stores

65.07+0.49(+0.76)

Exxon Mobil Corp

82.61+0.57(+0.69)

Ford

10.59+0.18(+1.73)

Citigroup

26.66-0.49(-1.80)

IBM

196.09-0.03(-0.02)

Yahoo

15.35-0.03(-0.20)

Starbucks

54.76-0.53(-0.96)

Microsoft

29.07-0.04(-0.14)

Home Depot

49.71+0.97(+1.99)

DailyFinance Headlines

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1337908494827 ms.