October 5, 2012 |
Struggling to compete with big-budget movies at the box office, indie films are increasingly finding a lucrative niche in one of Hollywood's fastest-growing markets: video on demand. The number of films released in theaters and video on demand at the same time nearly doubled from 2009 to 2011 and is projected to jump about 30% this year, to 68. The dark comedy "Bachelorette" exemplifies the trend: It has grossed about $5.5 million from video-on-demand (or VOD) rentals since premiering in August, compared with a paltry $418,000 earned in theaters.
September 12, 2012
On Tuesday morning, there was a moment of silence in New York City and Washington, D.C., to honor the people who died in the terrorist attacks of Sept. 11, 2001. The moment, which had the participation of the New York Police Department, the New York Fire Department and President Obama and the first lady, was covered live by all the cable news channels, CBS and ABC. But at 8:46 a.m., NBC's "Today" show was airing an interview with Kris Jenner, matriarch of the Kardashian clan. Jenner spoke with "Today" co-anchor Savannah Guthrie about the new season of "Keeping Up With the Kardashians" and about her breast-implant surgery.
August 23, 2012 |
With the end of summer rapidly approaching, it seems there aren't many people who want to spend their final no school or work days at the movie theater. The four new pictures hitting multiplexes this weekend aren't generating much interest among potential audiences. As a result, last weekend's No. 1 film "The Expendables 2" is expected to top the box office yet again, collecting at least $10 million more after its $28.6-million debut. Of the new offerings, the action chase film "Premium Rush" may fare best.
January 14, 2012 |
Combining Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock. The two Santa Monica companies have engaged in on-and-off merger talks since late 2008 as Lions Gate sought to bolster its library of film and TV properties and Summit's investors tried to cash in on the lightning-in-a-bottle success of the "Twilight" movie series, which has grossed $2.5 billion worldwide over four films.
January 6, 2012 |
Billionaire Ron Burkle has added movie production and concert promotion to the arenas he wants to play in. The man who made his fortune bagging supermarket chains and selling them off for billions went into the live music business Thursday by purchasing Artist Group International, a New York agency that books concerts for Billy Joel, Metallica and others. He concurrently invested in the movie business by taking a stake in independent movie studio Relativity Media. Y Entertainment group, a newly formed subsidiary of Burkle's investment firm Yucaipa Cos., made the two deals separately for undisclosed sums of money.
CALIFORNIA | LOCAL
December 14, 2011 |
Bert Schneider, the iconoclastic producer behind a trio of influential movies — "Easy Rider," "Five Easy Pieces" and "The Last Picture Show" — that captured the rootlessness and discontent of the late 1960s and '70s and became symbols of a new era in Hollywood, has died. He was 78. Schneider had been in failing health and died of natural causes Monday at Olympia Medical Center in Los Angeles, said his daughter, Audrey Simon. The son of a Hollywood power broker — his father, Abraham, ran Columbia Pictures in the late 1960s — Schneider helped revitalize moviemaking in the "New Hollywood" movement in which directors, not studios, held the creative reins and made movies that embraced the sensibilities of the emerging counterculture.