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  • Wednesday, Apr. 25, 2018
Twitter is profitable again in 1st quarter, grows overseas
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 Wednesday, April 25, 2018. (AP Photo/Richard Drew, File)
SAN FRANCISCO (AP) -- 

Twitter, driven by strong growth overseas, swung to a profit during the first quarter of the year, its second profitable quarter ever after a strong finish last year.

But the company's stock tumbled more than 6 percent when the market opened, reversing premarket gains.

For the three months ended March 31, Twitter Inc. earned $61 million, or 8 cents per share. A year earlier the San Francisco company lost $61.6 million, or 9 cents per share.

Removing certain items, earnings were 16 cents per share. That's 4 cents better than what analysts polled by Zacks Investment Research expected.

Revenue increased sharply to $664.9 million from $548.3 million, bolstered by a 53 percent jump in international revenue. The performance easily beat the $609.9 million in revenue that analysts projected.

Daily active users increased 10 percent, but that's down from 12 percent growth in the fourth quarter and 14 percent growth a year ago. More

  • Wednesday, Apr. 25, 2018
Ridley Scott to curate Saatchi New Directors’ Showcase in partnership with MPC
Ridley Scott
LONDON -- 

Acclaimed film and commercial director Ridley Scott will curate the Saatchi & Saatchi annual New Directors’ Showcase for this one special celebratory year at the Cannes International Festival of Creativity in June.

Saatchi invited Scott to take on the task as his RSA Films celebrates 50 years of commercial production. Recently honored with a BAFTA fellowship and having such recent feature credits as All the Money in the World and The Martian, Scott will work with Saatchi and VFX house MPC to select this year’s reel of the best new directing talent.

Saatchi’s Showcase has been wooing and wowing audiences at the Cannes Lions Fest for the past 27 years. The Scott family and RSA have a long association with the Showcase. Jake Scott, for example, was featured in the very first Showcase in 1991. And RSA/Black Dog Films alumni Chris Cunningham and Dawn Shadforth were featured in 1997 and ‘99, respectively.

More
  • Tuesday, Apr. 24, 2018
MPAA head says theaters will survive rise of streaming sites
Charles Rivkin, chairman and CEO of the MPAA, addresses the audience at CinemaCon 2018, the official convention of the National Association of Theatre Owners, at Caesars Palace on Tuesday, April 24, 2018, in Las Vegas. (Photo by Chris Pizzello/Invision/AP)
By Lindsey Bahr, Film Writer
LAS VEGAS (AP) -- 

Two film industry leaders told theater owners Tuesday that are optimistic about the movie and theatrical exhibition business despite concerns about declining attendance and competition from streaming services.

New MPPA chief Charles Rivkin and John Fithian, the president and CEO of the National Association of Theater Owners, delivered a state of the industry speech at CinemaCon, saying the strength of the movies being released will dictate box-office sales.

"Our business rises or falls on the movies in our cinemas," Fithian said.

CinemaCon is an annual gathering of theater owners and exhibitors, during which they get a look upcoming films from major Hollywood studios and a preview of some of the latest and greatest in theatrical technologies and even concession options.

Rivkin, who recently took over the position at the MPAA from Christopher Dodd, said that 263 million people went to the movies at least once in North America More

  • Tuesday, Apr. 24, 2018
At Tribeca, the night belongs to Patti Smith and Bruce Springsteen
Bruce Springsteen, center, and Patti Smith, right, perform after a special screening of "Horses: Patti Smith and Her Band" at the Beacon Theatre during the 2018 Tribeca Film Festival, on Monday, April 23, 2018, in New York. (Photo by Brad Barket/Invision/AP)
By Jocelyn Noveck, National Writer
NEW YORK (AP) -- 

The night belonged to Patti Smith at the Tribeca Film Festival — and to her friend Bruce Springsteen, who thrilled the crowd with a surprise visit to perform the hit they co-wrote, "Because the Night."

The occasion was Monday night's premiere of a new concert documentary about Smith, "Horses: Patti Smith and Her Band," directed by Steven Sebring. After the film, which documents the January 2016 Los Angeles concerts where Smith performed her album, "Horses," to mark its 40th anniversary, the curtain rose at Manhattan's Beacon Theater. Standing there was Smith, 71, and her band — this time in the flesh.

They performed several hits, including "Dancing Barefoot" and "Gloria." After Smith introduced her band members, she said she had one more person to introduce — and out strolled Springsteen, to the roaring of the crowd. Together, they performed "Because the Night," for which Springsteen wrote the music and chorus, and Smith the verses. More

  • Monday, Apr. 23, 2018
Strong ad sales boost Google parent Alphabet's 1Q earnings
In this Feb. 14, 2018, file photo the logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Alphabet Inc. reports earnings Monday, April 23, 2018. (AP Photo/Richard Drew, File)
MOUNTAIN VIEW, Calif. -- 

Google parent Alphabet on Monday reported a jump in first-quarter net income on the back of strong digital ad sales and an accounting adjustment.

The Mountain View, California-based company's net income surged 73 percent to $9.4 billion, or $13.33 per share. Earnings, adjusted for non-recurring gains including those from the accounting change, were $9.93 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $9.21 per share.

The internet search leader posted revenue of $31.15 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $24.86 billion, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $24.2 billion.

Still, Google's sunny quarter comes amid the backdrop of looming privacy regulations in the U.S. and Europe.

Backlash over Facebook's "breach of trust" regarding More

  • Monday, Apr. 23, 2018
Stephen Curry signs broad production deal with Sony Pictures
This March 6, 2018 file photo shows Golden State Warriors guard Stephen Curry during an NBA basketball game against the Brooklyn Nets in Oakland, Calif. (AP Photo/Jeff Chiu, File)
LAS VEGAS (AP) -- 

NBA star Stephen Curry is heading to Hollywood in a big way.

Sony Pictures Entertainment announced Monday that it has struck a deal with the Golden State Warriors All-Star guard to produce television, film and possibly gaming projects.

A press release states Curry and the company he has co-founded, Unanimous Media, will have their production headquarters on the Sony backlot in Culver City, California.

The projects developed by Curry's company will focus on family, faith, and sports themes.

No specific projects were announced Monday, but Curry says in a statement he wants to use the deal "to affect the world positively."

  • Monday, Apr. 23, 2018
Oscars returning to February, announce key dates of season
This Feb. 8, 2016 file photo shows a giant Oscar statuette at the 88th Academy Awards Nominees Luncheon in Beverly Hills, Calif. Next year’s The 91st Academy Awards will be held on Feb. 24, 2019. (Photo by Danny Moloshok/Invision/AP, File)
LOS ANGELES (AP) -- 

Next year's Oscars season has been set, with several events leading up to the broadcast of the 91st Academy Awards on Feb. 24, 2019.

The Academy of Motion Picture Arts and Sciences announced key dates during the season on Monday, including the handing out of its honorary Oscars, the Governors Awards, on Nov. 18.

Nominations will be announced on Jan. 22, and scientific and technical awards will be bestowed during a Feb. 9 gala.

The Oscars are traditionally handed out in February, but were bumped to March this year due to the Winter Olympics.

This year's Oscars reached 26.5 million viewers, easily a record low for what is often the second most-watched program of the year after the Super Bowl.

"The Shape of Water" won this year's best picture award.

 

  • Monday, Apr. 23, 2018
Director Oliver Stone in Iran for movie festival
This photo provided by Tasnim News Agency, shows American movie director Oliver Stone in a photo opportunity while attending the Fajr International Film Festival, in Tehran, Iran, Monday, April 23, 2018. (Hamed Malekpour/Tasnim News Agency via AP)
TEHRAN, Iran (AP) -- 

American movie director Oliver Stone was in Iran on Monday attending an international film festival.

Stone hosted a workshop for filmmakers during the Fajr Film Festival and planned to hold a news conference on Wednesday, Iranian media reported. French actor Jean-Pierre Léaud and Italian producer Giovanni Spagnoletti are also attending the festival.

The semi-official Tasnim news agency said Stone briefly visited the historical city of Isfahan the previous day.

This is the Hollywood director's first visit to Iran.

In 2007, Iran's then-President Mahmoud Ahmadinejad rejected a proposal by Stone to make a film about him. Ahmadinejad said at the time that Stone is part the "Great Satan" cultural establishment, a reference to the United States.

In 2012, Stone's son Sean Stone visited Iran and converted to Shiite Islam.

  • Friday, Apr. 20, 2018
Call for submissions opens for DGA Student Film Awards spotlighting diverse talent
LOS ANGELES -- 

The Directors Guild of America (DGA) announced that the application period for the 24th Annual DGA Student Film Awards for African-American, Asian-American, Latino, and women directors is now open. The awards are designed to honor, encourage and bring attention to exceptional direction by diverse student filmmakers in film schools and select universities across the country.

Over the years, the DGA Student Film Awards have highlighted dozens of African American, Asian American, Latino and Women filmmakers. Winners of the DGA Student Film Awards in each category will receive a $2,500 prize from the DGA and have their films screened in a special ceremony at the DGA Theater.  

A number of past winners have gone on to enjoy successful directing careers, including:

  • Steven Caple Jr. (Creed II; Grown-ish; Rapture; The Land)
  • Jon M. Chu (Crazy Rich Asians; Now You See Me 2 More
  • Thursday, Apr. 19, 2018
Nat Geo says "Frankenstein" author is its next "Genius"
In this April 24, 2017 file photo, filmmaker Ron Howard arrives at the premiere of "Genius", in Los Angeles. (Photo by Willy Sanjuan/Invision/AP, File)
NEW YORK (AP) -- 

"Frankenstein" author Mary Shelley is the National Geographic TV network's third genius.

The network announced Thursday that the 19th-century writer will be the next subject of what is becoming a franchise, a miniseries on a particular historical figure. The first series, featuring Albert Einstein, premiered last year. The second, profiling artist Pablo Picasso, starts Tuesday.

Shelley was a prolific writer in the early 1800s, with "Frankenstein" in particular still alive as a piece of literature. The Shelley series will air in 2019, most likely in the spring. The same creative team of Brian Grazer and Ron Howard's Imagine Entertainment will make it.

Shelley died of a brain tumor in 1851 at age 53.

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