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ENTERTAINMENT
September 28, 2012 | By Steven Zeitchik
Get ready for a new branch in "The Tree of Life" debate. Magnolia Pictures said Friday morning it had acquired "To the Wonder," Terrence Malick's follow-up to 'Tree," and will release it theatrically next year. The move concludes a month-long period in which distributors had vacillated on a picture that had divided audiences at the Venice and Toronto International Film festivals. Magnolia President Eamonn Bowles called "Wonder" a "romantic, haunting and beautiful film that will be endlessly rewarding for movie lovers.
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ENTERTAINMENT
March 18, 2010 | By John Horn and Lewis Beale
Hollywood loves foreign-language films -- as long as it doesn't have to release them. American studios, producers and filmmakers are pursuing remakes of several prominent foreign titles -- including "Let the Right One In," "Tell No One" and "The Girl With the Dragon Tattoo" -- even as most domestic distributors steer clear of everything with subtitles. "It's funny how many remakes there are," says producer Rick Schwartz, who recently completed an English-language version of France's "13 (Tzameti)"
CALIFORNIA | LOCAL
November 26, 1996 | SCOTT STEEPLETON
Fifty years after its founders started doing business from a tent in the Avenue area of west Ventura, magazine distributor Schulze News Co. will close on Jan. 24. On Friday, company President Dave Schulze, 53, called the nearly 30 employees together at the headquarters on Palma Drive in Ventura to break the news. He cited competition among distributors as the reason for the closure. He said Schulze News Co.
BUSINESS
May 3, 2013 | By Stuart Pfeifer
Things are starting to get personal in the battle between hedge fund manager Bill Ackman and Herbalife Ltd., the Los Angeles nutritional products company he's accused of operating a long-running pyramid scheme. Herbalife spokeswoman Barbara Henderson said today that Ackman is making false allegations about the company because he's “increasingly desperate to distract the market from focusing on his J.C. Penney disaster.” Ackman's Pershing Square Capital Management owns nearly 18% of struggling J.C. Penney, which has seen its stock drop 12% this year.
ENTERTAINMENT
December 12, 2013 | By Joe Flint
Looking to bring an end to channels going dark as a result of contract disputes between broadcasters and pay-TV distributors, two lawmakers are proposing legislation that could radically alter the media landscape. Reps. Anna Eshoo and Zoe Lofgren, both California Democrats, on Thursday introduced the Video CHOICE (Consumers Have Options in Choosing Entertainment) Act, which was praised by pay-TV distributors and criticized by broadcasters. "My bill would put an end to broadcast television blackouts and ensure consumers aren't held hostage by a dispute they have no control over," said Eshoo, who is ranking member of the House Communications and Technology Subcommittee.
BUSINESS
February 20, 2014 | By Stuart Pfeifer
Activist hedge fund manager Bill Ackman continued his relentless attack on Herbalife, releasing a report that accuses millionaire Herbalife distributor John Tartol of misleading others into selling the company's nutrition products. Ackman's company, Pershing Square Capital Management, said in the report released on its website Thursday that Tartol has made millions of dollars by misleading people into believing they can get rich as independent Herbalife distributors. “What took us that many years to do - 25, 30-plus years - you can all do in the next six, seven, eight years,” Tartol said at a 2011 Herbalife convention in Las Vegas, according to Ackman's report.
BUSINESS
January 10, 2013 | Alana Semuels
NEW YORK -- The investor presentation featured protein shakes and granola bars, entreaties for more hugs in the world, and accusations of lies and snobbery, all to counter a $1-billion bet that Herbalife, the Southern California company, will soon go down the tubes. Who says Wall Street is more boring these days? The presentation was the latest move in a battle between Herbalife, which sells nutrition powders, bars and vitamins through a network of individual distributors, and Bill Ackman, founder and chief of Pershing Square Capital Management.
ENTERTAINMENT
April 18, 2013 | By Dawn C. Chmielewski
Marketers say they plan to increase spending on online brand advertising in a new report that comes just weeks before the major digital distributors are preparing to woo Madison Avenue in a series of advertising presentations. The new 2013 Online Advertising Performance Report, produced jointly by the CMO Council and the Nielsen Co.'s Vizu, a unit that specializes in measuring online ad effectiveness, found that advertisers are changing how they view the medium. Though they once used online primarily for direct response, marketers who responded to this year's survey said they plan to allocate more of their digital dollars to brand advertising that's used to promote a company, product or service.
BUSINESS
June 13, 2013 | By Stuart Pfeifer, This post has been updated. See the note below for details.
A California congresswoman asked the Federal Trade Commission to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes “our country's most vulnerable populations.” Rep. Linda T. Sanchez (D-Cerritos) said in a letter to FTC Chairwoman Edith Ramirez that she was “troubled that this company may be harming consumers,” noting allegations that Herbalife's independent distributors are compensated more for recruiting new distributors than for sales.
BUSINESS
October 4, 2009 | Andrea Chang
Amid rising unemployment, more Americans are selling cosmetics, vitamins, kitchen knives and other goods to their friends and neighbors. Or trying to, anyway. Industry figures suggest that as the ranks of salespeople grow, the increased competition is making it harder for many to move merchandise. That has left people like Lisa Wilson stuck with closets full of unsold inventory. "You get pity purchases from your family, who feel guilty if they say no or they want to support you in your new endeavor.
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