AOL Money & Finance

Nicolas Cage posts

Feed

Disney's 'Race to Witch Mountain' loses its magic

Last week at this time, I was reporting on the success of Disney's (NYSE: DIS) Race to Witch Mountain, starring Dwayne Johnson, an actor who used to be a full-time grappler known as The Rock for World Wrestling Entertainment (NYSE: WWE). The film opened in the number-one position, taking in $24.4 million.

Well, I'm sorry to say now that the project might not have the best legs in the business. It dropped to fourth place this time around after grossing an amount that, as of early estimates, is over 46% less than what it grossed in its debut weekend.

Continue reading Disney's 'Race to Witch Mountain' loses its magic

Is the economy hurting Hollywood paychecks?

Jordan Stein over at Minyanville wrote a great piece about how the economy is causing a little bit of deflation for the salaries of Hollywood stars. As an example, Stein pointed out how Disney (NYSE: DIS) doesn't want to go overboard in terms of compensating Nicolas Cage for his services in the next National Treasure feature. That's a popular franchise, and Cage is arguably a key to its success. But guess what? Doesn't matter, because money is tight, and Hollywood managements need to inject some sanity into negotiations.

Which, of course, has always been the problem. There's never been any sanity when it comes to negotiations in Tinsel Town. Stars are overpaid, and they take too much of the gross dollars generated by celluloid assets. If we were talking about private studios, I wouldn't mind. But I own shares of Disney and believe that overpaid talent is one reason why the stock hasn't done much over a decade.

However, I'm not so sure that things are changing that much in Hollywood. If you read the entire article that Stein referenced, you'll note that it implies that individuals such as Will Smith and Johnny Depp aren't seeing reductions in their compensation packages. It might be great that Mickey Rourke may have been offered only $250,000 by Marvel (NYSE: MVL) for an opportunity to be in the Iron Man sequel, but unless bigger stars see reductions in their bottom lines, then the system cannot truly change.

Continue reading Is the economy hurting Hollywood paychecks?

'Bangkok Dangerous' roars over the weekend for Lions Gate

According to Boxofficemojo.com, the fight for top dog at the domestic multiplex is a close one. Both Bangkok Dangerous, from Lions Gate Entertainment (NYSE: LGF), and Tropic Thunder, from Viacom (NYSE: VIA), have almost the same statistic. Bangkok is estimated to have taken in $7.8 million, while Thunder has approximately $7.5 million to its credit. It will be interesting to see who ultimately takes the honors, but I can tell you that from my perspective, it wasn't a great weekend for Lions Gate shareholders.

The reason I say this is because I thought Nicolas Cage would have brought in more moviegoers. The marketing campaign seemed to predict an opening of well over $10 million. Heck, I would have preferred $20 million considering that the budget on the picture has been reported to be about $45 million. But I must remember that we are no longer in the competitive, fast marketplace of summer. The month of September is certainly more mellow, although that doesn't mean that it can't have a breakout hit.

Sony (NYSE: SNE) came in third with House Bunny, and Time Warner (NYSE: TWX) continues to add to its Dark Knight treasure chest at position number four. Batman now has over $512 million to his domestic credit. Imagine all the upgrades to the Batcave that such an amount of money could finance!

Continue reading 'Bangkok Dangerous' roars over the weekend for Lions Gate

Nicolas Cage helps give Disney a holiday present

The Walt Disney Company (NYSE: DIS) got a nice present today in the form of the nation's number one movie, National Treasure: Book of Secrets.

The sequel to the 2004 blockbuster, National Treasure, National Treasure: Book of Secrets had a monster weekend, with $45.5 million in sales. Nicolas Cage is once again the leading man in this movie, and in this thriller, Cage's character, Ben Gates, is in a struggle to clear the name of an ancestor that has been implicated in the murder of Abraham Lincoln's assassination.

If the first installment of this series is any indication, Disney could be seeing some pretty big numbers from this movie before it is all said and done. When National Treasure debuted in 2004 the movie raked in $35.1 million and ended up with a total of $173 million at the box office.

Continue reading Nicolas Cage helps give Disney a holiday present

Symbol Lookup
IndexesChangePrice
DJIA+20.0310,246.97
NASDAQ-2.982,151.08
S&P 500-0.071,093.01

Last updated: November 10, 2009: 11:13 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

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