Displaying 71 - 80 of 4054
  • Thursday, Feb. 6, 2020
In this Feb. 8, 2018, file photo, the logo for Twitter is displayed above a trading post on the floor of the New York Stock Exchange. Twitter reports earnings Thursday, Oct. 25. Twitter reported Thursday, Feb. 6, 2020 that its fourth-quarter net earnings fell to $119 million from $255 million in the same period a year earlier but the number of daily users rose. (AP Photo/Richard Drew, File)
NEW YORK (AP) -- 

Shares in Twitter jumped Thursday after the social media company said revenue and user numbers exceeded forecasts in the latest quarter, though profit fell as expenses rose.

The San Francisco-based tech company said that fourth-quarter net income  fell 53% to $119 million, or 15 cents per share. That's down from $255 million, or 33 cents, in the same period a year earlier.

Twitter had revenue of $1.01 billion during the quarter, a 11% increase and the first time revenue surpassed $1 billion.

Chief Financial Officer Ned Segal called it a "new milestone" for revenue. He said performance was solid in most of the world, with particularly strong advertising revenue in the U.S.

The company averaged 152 million daily users during the last three months of the year, up from 145 million during the previous quarter.

While the net income figure was below analyst forecasts for $231 million, other figures cheered investors, sending More

  • Tuesday, Feb. 4, 2020
In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. The Walt Disney Co. said Tuesday, Feb. 4, 2020, that profit fell 23% in its latest quarter to $2.13 billion as it absorbed losses, and a big revenue boost, from its new streaming service, Disney Plus. (AP Photo/Richard Drew, File)
NEW YORK (AP) -- 

Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for what the company has positioned as its future as more people drop cable subscriptions.

But as expected, starting up a new service comes with huge expenses, contributing to a 23% profit decline for the company in the latest quarter.

Disney Plus launched in November to compete with online video services like Netflix. Disney had 26.5 million Disney Plus subscribers as of Dec. 28, the end of its fiscal first quarter. That grew to 28.6 million as of Monday, well on the way to Disney's target of 60 million to 90 million worldwide by 2024. 

Original series on Disney Plus include the "Star Wars" series "The Mandalorian." One of the hit characters from the show resembles a baby version of Yoda. Disney CEO Bob Iger told analysts Tuesday that "Baby Yoda" consumer products will go on sale in the coming More

  • Tuesday, Feb. 4, 2020
In this July 19, 2019, file, photo, people walk out from the headquarters of Sony Corp., in Tokyo. (AP Photo/Koji Sasahara, File)
TOKYO (AP) -- 

Japanese electronics and entertainment company Sony Corp. warned Tuesday that forecasts and results were at risk because of the new virus in China, as it reported a drop in fiscal third quarter on stumbling video game, networking and film businesses. 

Tokyo-based Sony, which makes PlayStation video-game consoles, Bravia TVs and Spider-Man films, said the impact of the virus was unclear, but production and sales of its image sensor division were at risk. The company promised to release any new forecasts as soon as possible. 

The new coronavirus has caused more than 400 deaths in China, and confirmed cases have climbed to more than 20,000, mostly in China, since the outbreak started late last year. 

Sony reported an October- December profit of 229.5 billion yen ($2.1 billion), down from 429 billion yen a year earlier. Quarterly sales rose 3% to 2.46 trillion yen ($22.6 billion). Both quarterly profit and sales were better than the More

  • Tuesday, Feb. 4, 2020
LOS ANGELES -- 

The American Film Market (AFM) has adopted a new six-day schedule beginning with its 2020 edition set to run Tuesday, November 3–Sunday, November 8, in Santa Monica. The announcement was made by the Independent Film & Television Alliance (IFTA).  This marks a major moment in the AFM’s 40 years as it pivots to a shorter timeline in recognition of the changing needs of the global film industry.  

Shifting to a Tuesday launch and condensing from its traditional eight-day run is emblematic of AFM’s commitment to provide the most efficient and productive business environment. This move also supports a broader marketplace shift that has companies commencing sales early with deals started at film markets often finalized after the event concludes.  

“While the film industry has changed drastically since we first launched AFM, markets are essential as this remains a face-to-face business,” said Michael Ryan, IFTA chairperson and partner, GFM More

  • Tuesday, Feb. 4, 2020
A scene from "#SnickersFixTheWorld," winner of the Super Clio in recognition of this year's best Super Bowl commercial.
NEW YORK -- 

The Clio Awards has bestowed the best commercial of Super Bowl LIV mantle upon “#SnickersFixTheWorld.” Conceived by BBDO New York/AMV BBDO for Snickers, the spot was selected by a panel of leading advertising creatives as the winner of the 6th annual Super Clio.

Snickers won out over three fellow entries on the 2020 Super Clio shortlist: Amazon’s “#BeforeAlexa” from Droga5 London; Jeep’s “Groundhog Day” by Hidrive Chicago; and Google’s “Loretta” out of the Google Creative Lab.

“The Super Bowl is the first major advertising event of the year. It’s an opportunity for agencies and brands to take storytelling risks and telegraph the trends we’ll see emerge as the year goes on,” said Nicole Purcell, Clio president. “It’s a competition for marketers to put on their best performance as much as it is for the players on the field and it’s so fun for us to host this special judging session and award the creative team that delivered such a timely and More

  • Monday, Feb. 3, 2020
Sil Lai Abrams, from back left, director Amy Ziering, director Kirby Dick, Drew Dixon, bottom left, and Sheri Hines pose for a portrait to promote the film "On the Record" at the Music Lodge during the Sundance Film Festival on Sunday, Jan. 26, 2020, in Park City, Utah. (Photo by Taylor Jewell/Invision/AP)
NEW YORK (AP) -- 

The documentary about several women who have accused Russell Simmons of sexual abuse has found a distributor after Oprah Winfrey's exit from the film left it in the lurch. 

HBO Max on Monday said it acquired Kirby Dick and Amy Ziering's film, "On the Record," following its premiere last week at the Sundance Film Festival. Along with other stories, "On the Record" tracks the decision of music executive Drew Dixon to publicly state that her then-boss Simmons raped her at his New York home in 1995.

Simmons, the co-founder of Def Jam Recordings, has denied all accusations of sexual abuse. 

"On the Record" had been set to be released by Apple TV Plus, with Winfrey as an executive producer. But in the weeks ahead of the film's Sundance premiere, Winfrey departed the film because she said she that while she believed Dixon, she felt more reporting was needed on her story. 

Yet "On the Record" made a strong impression at Sundance, More

  • Monday, Feb. 3, 2020
In this June 12, 2016 file photo, Lin-Manuel Miranda and the cast of "Hamilton" perform at the Tony Awards in New York. Next year, you'll be able to see the original Broadway cast of “Hamilton” perform the musical smash from the comfort of a movie theater. The Walt Disney Company said Monday, Feb. 3, 2020, it will distribute a live capture of Lin-Manuel Miranda's show in the United States and Canada on Oct. 15, 2021. (Photo by Evan Agostini/Invision/AP, File)
NEW YORK (AP) -- 

Next year, you'll be able to see the original Broadway cast of "Hamilton" perform the musical smash from the comfort of a movie theater.

The Walt Disney Company said Monday it will distribute a four-year-old live capture of Lin-Manuel Miranda's show in the United States and Canada on Oct. 15, 2021.

The groundbreaking, biographical hip-hop show about the life of Treasury Secretary Alexander Hamilton won 11 Tony Awards and made numerous tours.

The film was made at the Richard Rodgers Theatre on Broadway in June of 2016 and will star all of the original Tony Award winners — Miranda as Alexander Hamilton; Daveed Diggs as Marquis de Lafayette/Thomas Jefferson; Renée Elise Goldsberry as Angelica Schuyler; and Leslie Odom Jr. as Aaron Burr.

Others who star include Christopher Jackson as George Washington; Jonathan Groff as King George; Phillipa Soo as Eliza Hamilton; Jasmine Cephas Jones as Peggy Schuyler/Maria Reynolds; Okieriete More

  • Saturday, Feb. 1, 2020
This May 29, 2019 file photo shows Adam Sandler at the "Adam Sandler: 100% Fresh" FYC event in Los Angeles. Netflix announced Friday that Sandler and his Happy Madison Productions have reached a new deal with them to make four more films. He’s had five films with the studio along with the stand-up special “Adam Sandler: 100% Fresh.” (Photo by Mark Von Holden/Invision/AP, File)
LOS ANGELES (AP) -- 

Expect more Adam Sandler in your Netflix feed.

The streaming giant announced Friday that Sandler and his Happy Madison Productions have reached a new deal with Netflix to make four more films. He's had five films with the studio along with the stand-up special "Adam Sandler: 100% Fresh." 

Netflix leader Ted Sarandos said the company is excited to extend its partnership with Sandler, because audiences "love his stories and his humor." The company said his 2019 comedy "Murder Mystery" starring him and Jennifer Aniston was the most popular film on Netflix in the U.S. last year and one of the most popular in eight other countries.

Sandler's latest film "Uncut Gems,"  which was released in theaters last year to critical acclaim, will premiere on Netflix in May. Later this year, the actor will star in "Hubie Halloween" with Kevin James, Julie Bowen and Maya Rudolph.

More
  • Friday, Jan. 31, 2020
Harvey Weinstein arrives at court for his trial on charges of rape and sexual assault, Friday, Jan. 31, 2020 in New York. (AP Photo/Mark Lennihan)
NEW YORK (AP) -- 

A key accuser in Harvey Weinstein's trial  testified Friday that he raped her twice, once bellowing, "You owe me!" as he dragged her into a bedroom. 

The first time, the heavyset Hollywood tycoon trapped her in a New York hotel room in March 2013, angrily ordered her to undress as he loomed over her, and then raped her, she told jurors. 

Still, she kept in touch, sending him flattering emails, because "his ego was so fragile," she said, and it "made me feel safe, worshipping him in this sense. … I wanted to be perceived as innocent and naive."

Then, eight months later at a Los Angeles hotel where she worked as a hairdresser, she told Weinstein that she was dating an actor, she said. 

"You owe me one more time!" he screamed, she told jurors. She said she begged him not to take off her clothes, but he said, "I don't have time for games" and ripped off her pants before pushing her legs apart and raping her. 

Afterward, More

  • Friday, Jan. 31, 2020
Tim Clark
LOS ANGELES -- 

The Association of Film Commissioners International (AFCI) has elected new officers for its 2020 board of directors. Tim Clark, film commissioner for the Buffalo Niagara Film Office, will serve as AFCI’s board chair. He joined the AFCI board in 2018 and served previously as 2nd vice-chair. His new tenure as chair is set for a two-year term that may be renewed in 2022. Clark has led the Buffalo Niagara Film Office for more than a decade, overseeing production in Western New York State including the cities of Buffalo and Niagara Falls. 

Marijana Stoisits of the Vienna Film Office returns to the AFCI board leadership as 1st vice-chair, while Donne Dawson from the Hawaii Film Office takes on the 2nd vice-chair position.

Other returning board officers include treasurer Karen Carberry Warhola from the Maine Film Commission, and secretary Virginia Pearce from the Utah Film Commission. 

AFCI’s 11-member board also includes two newly elected More

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