GetSmart posts
FeedPosted Jun 30th 2008 9:59AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Film, Marvel Entertainment (MVL)
I didn't think Disney's (NYSE: DIS) Wall-E movie would do as well as it did over the weekend. I thought $60 million was too much to hope for (see my previous piece on the subject). I was wrong. According to Boxofficemojo, the Pixar picture pulled in more than $62 million at domestic theaters and came out on top.
Assuming the film continues to do well in upcoming weekends, Wall-E should provide a nice counterbalance to the relative disappointment of Disney's Prince Caspian project that was released in May. While Wall-E won't move Disney's stock all by itself, the movie and its characters should help drive the studio segment in future quarters, as well as provide some opportunities for promotions and initiatives in other parts of the company, such as the theme parks.
Wanted, distributed by General Electric's (NYSE: GE) Universal, debuted in second place with a haul of more than $50 million. The movie, starring Angelina Jolie, had some snazzy, Matrix-like commercials powering its appeal. I can see why the numbers were big on this one. Time Warner (NYSE: TWX) and Get Smart didn't stand a chance against Wanted. It dropped two spots to third place with a tally of $20 million. And, no, I still don't find Steve Carell funny.
Continue reading Disney's "Wall-E" beats my expectations
Posted Jun 27th 2008 11:00AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Walt Disney (DIS), Film
Walt Disney (NYSE: DIS) has an interesting weekend coming up. The new Pixar film, Wall-E, opened today. While everyone expects it to be a hit, no one knows yet how big a hit it will ultimately be.
Pixar, of course, is a major brand in computer-generated cartoons. Its major competition is DreamWorks Animation (NYSE: DWA). The latter's most recent hit, Kung Fu Panda, opened earlier this summer box-office season with a $60.2 million first-weekend take, according to Boxofficemojo. Last year, Ratatouille debuted with a first-weekend take of $47 million. In my mind, for Wall-E to please shareholders and show Disney that its Pixar brand is a reliable money machine, the animated feature needs to do at least $60 million. It can't do anywhere near the Ratatouille flick since that was an example of weak opening performance, in my opinion.
I read a great review on Wall-E at the Hollywood Reporter. The author heaps praises on the film and says that Pixar's streak of success is intact. That's pretty pleasing. Yet, the review also worries me to some extent (I'm a Disney shareholder). The author says that there isn't a lot of dialogue in the picture (I guess the robot characters don't speak) and that it might be such a smart project that some moviegoers might not fully appreciate it. In this competitive timeframe, that doesn't make me feel good. I'd rather the film be simple blockbuster material for the popcorn crowd. I don't want the young kids in the audience to feel their attention spans being strained in the least. I'm not looking for art in this case. I just want my company to make as much money as possible.
Continue reading Will Disney score this weekend with 'Wall-E'?
Posted Jun 23rd 2008 10:00AM by Steven Mallas (RSS feed)
Filed under: Time Warner (TWX), Viacom (VIA), News Corp'B' (NWS), Film, Marvel Entertainment (MVL)
I didn't think Get Smart was going to come in at number one, but that's exactly what happened, according to Boxofficemojo. The film, distributed by Time Warner (NYSE: TWX), took in an estimated $39 million at domestic theaters. The film, quite frankly, looks horrible, and I don't get the fascination people have with Steve Carell's supposed "comedic talents." I don't really find him funny. Doesn't matter, though, because moviegoers have crowned Carell king of the box-office weekend whether I like it or not.
I'm actually more concerned with the race for second place between Marvel's (NYSE: MVL) The Incredible Hulk and DreamWorks Animation's (NYSE: DWA) Kung Fu Panda. Both are estimated as of this writing to have booked a little more than $21 million in ticket sales. I'm concerned about this because I own shares of Marvel, and I'm disappointed in the movie's box-office performance. As of now, the new Hulk has about $96 million in terms of total gross. The fact that it hasn't scored over $100 million by now, coupled with it experiencing a 60% drop for this weekend compared to its debut weekend, leaves me less than satisfied.
Viacom's (NYSE: VIA) The Love Guru bombed. Looks like you can't always count on stars to deliver the important opening-weekend audience. Are people getting sick of Mike Myers? (Jonathan Berr wondered the same thing.) He was only able to conjure up about $14 million for Viacom shareholders, bringing his film to a fourth-place debut. That's embarrassing for Myers, but unlike Steve Carell, he is genuinely funny (although maybe not so much in this particular film, it seems). News Corp.'s (NYSE: NWS) M. Night Shyamalan movie The Happening grossed around $10 million and came in fifth.
Continue reading Although Steve Carell isn't funny, 'Get Smart' was number one
Posted Jun 20th 2008 4:12PM by Jonathan Berr (RSS feed)
Filed under: Time Warner (TWX), Viacom (VIA), Film
Viacom Inc.'s (NYSE:
VIA) Paramount studios, which has scored big at the box office with "Indiana Jones and the Kingdom of the Crystal Skull" and "Iron Man," and
Time Warner Inc.'s (NYSE:
TWX) Warner Bros, which is behind "Speed Racer," can't win them all. For example, take "The Love Guru" and "Get Smart," which open this weekend.
Reviews for Paramount's "The Love Guru, which stars Mike Myers, are not just scathing, they are acidic. A.O. Scott of the
New York Times said, "To say that the movie is not funny is merely to affirm the obvious... No, `The Love Guru' is downright antifunny, an experience that makes you wonder if you will ever laugh again." At the
Los Angeles Times, Jan Stewart argued that the movie was filled with "low blows and elephantine misfires." Mike LaSalle of the
San Francisco Chronicle is slightly kinder saying,
"There are whole sections when watching the movie is like being locked in the mind of a 10-year-old boy."
Critics weren't much kinder to Warner Bros.' "Get Smart," a remake of the popular TV comedy from the 1960s. Newsweek's David Ansen dismissed it as distressingly generic, comments echoed by Claudia Puig of USA Today. To be sure, the movie has its fans, including Roger Ebert, who said Steve Carrell makes an "infectious Maxwell Smart."
Continue reading Will 'The Love Guru' and 'Get Smart' avoid box office disaster?
Posted May 3rd 2008 7:30PM by Eric Buscemi (RSS feed)
Filed under: Products and services, Launches, General Electric (GE), Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Sony Corp ADR (SNE), News Corp'B' (NWS)
Since last year's
summer movie preview featured mostly sequels and adaptations, this year's preview has been expanded to include more than just potential "blockbusters." The following is a chronological list of not only the most hyped film fare of the summer, but other noteworthy smaller entries, and a short commentary on each.

5/2 - Iron Man, Viacom (NYSE: VIA)'s Paramount PicturesThe first of two big
Marvel Entertainment (NYSE:
MVL) adaptations of the summer, the Robert Downey Jr. led
Iron Man has been getting a ton of hype and critical acclaim. This is the second year that a comic book adaptation has kicked off the summer, following last year's
Spider-Man 3, which grossed over $150M over its opening weekend.
5/9 - Speed Racer, Time Warner (NYSE: TWX)'s Warner Bros.Another big-budget adaptation of a generations-old cartoon. Last year's
Transformers was, to my surprise, a huge success, so maybe
Speed Racer, in the capable directing hands of the Wachowskis, can be as well.
Continue reading 'Iron Man' vs. 'Indy': Preview of potential summer blockbusters