ENTERTAINMENT
January 3, 2012 | By Amy Kaufman, Los Angeles Times
Hollywood dropped the ball in 2011, as the movie business saw a decline in ticket sales and attendance fell to a 16-year low. As most in the industry had anticipated, year-end figures indicated that receipts in the United States and Canada dropped about 3% compared with 2010 to $10.2 billion, according to Hollywood.com. About 1.28 billion people headed to the multiplex in 2011, a decline of roughly 4% from last year, when 1.33 billion went to the cinema. "The issues that keep me up at night about moviegoer attendance and our audience are certainly not lack of appetite for the movies," said Brad Grey, chairman and chief executive officer of Paramount Pictures, which had the biggest box-office gross of any studio in 2011 with $1.96 billion in domestic ticket sales.
OPINION
December 31, 2011
Most years, in the days following Dec. 25 (and, to a lesser degree, many of the major holidays, such as July 4 and Memorial Day), several readers write to The Times to express their displeasure over what they view as not enough coverage of the holiday. This Christmas was no different. Reader Ana Barbure of Hermosa Beach thought something significant was missing from Sunday's paper: a holiday greeting. "I was extremely disappointed to see that the Sunday paper did not wish readers a happy Christmas," she wrote.
CALIFORNIA | LOCAL
December 24, 2011 | By Bob Pool, Los Angeles Times
A Beverly Hills real estate broker is waiting for escrow to close on two upscale properties, but that won't happen until after Christmas. So what is a powerhouse agent to do to generate some quick spending money for holiday shopping? This one hocked her diamond Patek Philippe watch at a Beverly Hills pawnshop for cash. She'll reclaim her $15,000 timepiece when the deals close, said Jordan Tabach-Bank, chief executive of 73-year-old Beverly Loan Co. "Never before have we seen so many affluent people needing cash," he said.
BUSINESS
December 23, 2011 | By Tiffany Hsu, Los Angeles Times
Holiday shipments are up this year as delivery outfits including UPS, FedEx and the U.S. Postal Service scramble to get packages and cards delivered during their busiest week of the year. Thursday was the busiest day of 2011 for the brown-suited elves at United Parcel Service Inc., who delivered nearly 26 million items. That's roughly 300 deliveries a second, up 60% from the parcel shipping company's normal daily average. The company will handle an estimated 120 million shipments during the week before Christmas, up from the 113 million sent this time last year.
BUSINESS
December 22, 2011 | By Shan Li, Los Angeles Times
As the clock counts down to Christmas Day, retailers have begun a big push to snare procrastinating shoppers searching frantically for last-minute gifts and hoping for final-weekend deals. Relishing the prospect of many all-day shoppers Saturday, stores across the nation are also extending hours, cutting prices and renewing bargain offers. Toys R Us stores nationwide began an all-day-all-night marathon that began Tuesday and continues until 10 p.m. Christmas Eve. That's a day longer than last year's endurance test.
BUSINESS
December 21, 2011 | By Shan Li, Los Angeles Times
After four years without a job and two years living in a Motel 6 in Inglewood, Jay Payne is Christmas shopping for the first time in a long while. His three children, ages 7, 13, and 15, have asked him for a Nintendo 3DS gaming console and a PlayStation system, gadgets the 37-year-old single father has frantically tried — and failed — to budget for. Payne, who landed a parking lot security job this month, is hunting for gifts in the few places...