April 17, 2012 |
Toy giant Mattel Inc.reported a 53% decline in profit in the first quarter, sending its stock down more than 9%, after higher production costs, slower sales of Barbie and Hot Wheels and a recent acquisition affected its bottom line. For the three months ended March 31, sales totaled $928.4 million, down 2% compared with $951.9 million in the same quarter last year, the company said Monday. Profit dropped to $7.8 million, or 2 cents a share, from $16.6 million, or 5 cents. The results fell below analyst expectations of a profit of 7 cents a share.
July 13, 2011 |
Woody Allen, the Brooklyn-born director who defined New York for filmgoers with such hits as "Bullets Over Broadway" and "Annie Hall," is once again choosing Europe over Manhattan as the stage for his next movie. Following up films shot in London, Barcelona and Paris — where Allen set the recently released "Midnight in Paris," his most successful movie in years — the idiosyncratic filmmaker is now focusing his lens on Rome. On Monday, Allen began filming his next release, "Bop Decameron," in the Italian capital, an event celebrated by the city's mayor, Gianni Alemanno.
July 11, 2011 |
Nine studio executives sat in a glass-enclosed conference room in Beverly Hills, discussing potential snowy locales for filming later this year. Utah was a viable option, advised the head of production. So, too, was upstate New York — in part because of tax credits. Over the course of the hourlong production meeting, the executives also received casting updates, discussed social media plans for one soon-to-debut series and mulled over a festival screening strategy for another project.
June 1, 2010 |
A cable television commercial for the Redondo Beach restaurant Eat at Joe's features high-definition video, a cast of 40 and a catchy jingle that will leave you humming. Particularly enthusiastic about the slick new ad was Alex Jordan, the restaurateur who decided to take the plunge into television advertising after meeting an Altadena couple who were starting their own ad agency. They wrote and produced the 30-second spot for $5,000, and they helped him broker a deal to deliver it to 300,000 homes for $1 every time it ran. In a still tough economy in Southern California, hard times in advertising and media have led to a surprising bonanza for small businesses seeking to market themselves.
April 23, 2010 |
The great programming migration to cable continues. Turner Broadcasting, just one week after signing former NBC late-night host Conan O'Brien, has teamed up with CBS in a 14-year, $10.8-billion deal for television and Internet rights to the immensely popular NCAA March Madness college basketball tournament. The move comes as broadcast television struggles with rising programming costs and greater competition for viewers and advertisers. Although the NCAA tournament is a strong performer for CBS, the costs of covering the games were starting to outweigh the benefits for the network.
December 4, 2009 |
In acquiring legendary Universal Pictures, Comcast Corp. would make its Hollywood debut during a particularly turbulent time for the movie business. Not only are all studios grappling with declining DVD sales and shifting consumer habits in entertainment, but Universal is also struggling to correct course from a prolonged box-office slump, runaway production costs and turmoil in the executive suites. Comcast wouldn't be able to exert much influence over the operations of Universal until well into next year after its merger with NBC Universal is finalized.