LOS ANGELES (Variety.com) – Scathing reviews and an indiscreet tweet left “Fantastic Four” on the slab after the franchise reboot flopped at the weekend box office. Fox’s hopes of rejuvenating the comicbook characters and turning the super-team into a cinemati... More »
U.S. media stocks have taken an indiscriminate beating this week, but many big fund managers still like entertainment conglomerate Walt Disney Co while turning negative for the long term on Discovery Communications, owner of several niche television franchises... More »
LOS ANGELES (Variety.com) – Tom Cruise’s “Mission: Impossible — Rogue Nation” dominated the U.S. box office this weekend with an impressive $56 million at 3,956 locations. The Paramount/Skydance tentpole generated $20.3 million at the Friday box office, settin... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
NEW YORK Morningstar Inc said DoubleLine Capital’s flagship Total Return Bond Fund is “not ratable” for a second straight year, citing a lack of information about the firm’s investment process, succession planning and risk controls. The Chicago-based investmen... More »
LOS ANGELES, (Variety.com) – “Minions” ruled the weekend box office, racking up a massive $115.2 million in North America, for the second biggest animated film opening in history. The Universal and Illumination Entertainment spin-off to “Despicable Me” just mi... More »
NEW YORK Greece’s sound rejection of a bailout at a referendum on Sunday increased the chances it may leave the euro zone, but Athens and its creditors could still reach a deal, said a top strategist for BlackRock Inc, the world’s largest asset manager. “It do... More »
LOS ANGELES (Variety.com) – “Inside Out” delivered the firepower at the five-day holiday weekend box office as it finished in first ahead of “Jurassic World” and new entries “Terminator: Genisys” and “Magic Mike XXL.” In a tight race, Disney-Pixar’s animated c... More »
LOS ANGELES, (Variety.com) – The party wasn’t as wild the second time around. Universal’s “Ted 2” debuted to an underwhelming $32.9 million across 3,442 theaters, roughly $15 million less than most analysts had expected the pot-smoking teddy bear comedy would ... More »
NEW YORK (This version of the story corrects title of analyst in second paragraph, shows Thornburg has reduced, not eliminated currency in 10th paragraph.) The prospect of Greece defaulting on its debt has long been viewed as the recipe for a global stock mark... More »
FRANKFURT German media group ProSiebenSat.1 has agreed to buy 80 percent of German energy price comparison site Verivox from Oakley Capital for 170 million euros ($190 million). The price tag for Verivox, ProSieben’s largest digital acquisition so far, could r... More »
