Bruno posts
FeedPosted Jul 27th 2009 8:00AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Film
Disney (NYSE: DIS) had something of a magical weekend at the domestic box office. The company's new film, G-Force, a 3D-powered property, grossed an estimated $32 million according to Boxofficemojo, good for first place. Believe it or not, that was enough to take out Time Warner's (NYSE: TWX) Harry Potter and the Half-Blood Prince, which dropped to second place (last weekend it debuted at number one, of course) with about $30 million.
These are estimated numbers at the time of this writing. When the final stats come out, it is conceivable that the rankings could change since we're talking about a difference of a mere $2 million. But I think they stand a good chance of staying the same.
Continue reading Disney's new rodent stars challenge Time Warner's 'Potter'
Posted Jul 6th 2009 9:10AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Walt Disney (DIS), Viacom (VIA), News Corp'B' (NWS), Film
The domestic box-office estimates for the July 4th holiday weekend are in. According to Boxofficemojo, at the time of this writing, the results are too close to call. Both Viacom's (NYSE: VIA) Transformers: Revenge of the Fallen and News Corp.'s (NASDAQ: NWS) Ice Age: Dawn of the Dinosaurs are credited with the same amount of money: $42.5 million. Boxofficemojo is giving Dinosaurs the edge for now and calling it the top movie, presumably because the per-theater average for the computer cartoon is slightly higher.
I previously discussed News Corp.'s strong opening with Dinosaurs, but unfortunately, I'm not so sure the movie lived up to it. When the second Ice Age was released back in 2006, it scored $68 million in its three-day debut weekend. Dinosaurs didn't do as well, but let's take into account the film's Wednesday opening, and tally up the gross for the five-day period, since some of the excitement that might have been reserved for the weekend could have been spread over the mid-week showings. Even by that standard, as of the current estimate, Dinosaurs has taken in a little less than the second Ice Age.
Continue reading Were News Corp.'s 'Ice Age' sequel and GE's 'Public Enemies' disappointments?
Posted Jun 29th 2009 2:30PM by Mark Fightmaster (RSS feed)
Filed under: Consumer experience, General Electric (GE), Film
I found an interesting article in this morning's New York Post examining the poor performance of NBC Universal's Universal Studios of late. In fact, Jeff Zucker of NBC -- a part of General Electric (NYSE: GE) -- is "so concerned" about the unit's performance that he sent his chief financial officer to Hollywood for a month in order to "get more educated on the studio." Before I give my opinion on how to fix the studio (and you know I have one), let's take a look at how good the year has been.
Will Ferrell's Land of the Lost cost $100 million to make, but it brought in $44 million through last Friday. It is this catastrophic flop that caught the attention of Zucker and has him wanting answers from studio boss Ron Meyer. A source noted, "It's really the first time [Zucker] is asking Ron to explain things," as Meyer basically had free rein to run the studio. Zucker now wants to know Meyer's process for greenlighting movies and determining production and marketing budgets.
Continue reading Will summer flops doom Universal?