Category: Movies

Consumer Spending on Home Entertainment Rising for the First Time in Years

The Digital Entertainment Group reports that subscription streaming rose an estimated 545.5% in the first quarter of 2012, while rentals at brick-and-mortar stores fell a devastating 39.4%.

Home video chiefs at the Hollywood studios finally have something to smile about.

For the first time in years, consumer spending on home entertainment actually rose in the first quarter of 2012, rising 2.5% to $4.45 billion largely due to the strength of streaming, according to numbers compiled by DEG: The Digital Entertainment Group…

https://www.hollywoodreporter.com/news/consumer-spending-home-entertainment-netflix-bluray-redbox-317877

Best Buy CEO Resigns: Is the Company Going Under?

Best Buy (BBY) CEO Brian Dunn resigned today. While Wall Street’s immediate reaction was to drive the electronic retailer’s shares higher on the resignation (read: firing), the news is unlikely to delay the company’s descent into irrelevance and/or bankruptcy.

Dunn has overseen more than his share of missteps since becoming CEO in mid-2009. Of these failings the most notable was the company’s inability to deliver goods purchased online during Black Friday 2011, and not inform customers until several days before Christmas. Adding insult to injury, Best Buy offered little more than a meek “sorry” and excuses to those left with nothing under the tree.

The Christmas nightmare destroyed Best Buy’s e-commerce ambitions and, with it, the company’s last best chance at survival.

https://finance.yahoo.com/blogs/breakout/best-buy-ceo-brian-dunn-resigns-company-going-151536950.html

George Lucas says there will ‘never’ be a new ‘Star Wars’

Are you a “Star Wars” fan who still holds out hope that Episodes VII, VIII and IX will someday hit theater screens? Don’t count on it.

On Wednesday, George Lucas blasted away any chance of ever seeing a new birth of the “Star Wars” franchise when TMZ briefly caught him leaving a Hollywood restaurant.

Asked when the newest installment of “Star Wars” would be, Lucas was blunt: “Never,” he said, adding “I’m retired.”

It appears to be Lucas’ latest film venture that turned the prolific filmmaker off moviemaking. After spending 23 years developing and fighting studios to produce “Red Tails,” the first all-black action film, which hit theaters in January, Lucas told the New York Times he was done making action movies…

Why books and movies are better the second time

New research reveals why people like to reread books, re-watch movies and generally repeat the same experiences over and over again. It’s not addictive or ritualistic behavior, but rather a conscious effort to probe deeper layers of significance in the revisited material, while also reflecting on one’s own growth through the lens of the familiar book, movie or place…

https://bodyodd.msnbc.msn.com/_news/2012/02/17/10437789-why-books-and-movies-are-better-the-second-time

White House: China to Allow More U.S. Films

The announcement is applauded by the MPAA, which says it will “return a much better share of the box office revenues to U.S studios.”

China has agreed to allow “significantly more job-supporting US film exports” in an effort to provide fairer compensation to Hollywood film producers, the White House announced Friday evening…

https://www.hollywoodreporter.com/news/white-house-china-films-joe-biden-xi-jinping-mpaa-292500