Without ‘Jurassic World’ or ‘Furious 7,’ Comcast Sees Q2 Profit Slip 5%

Cable-and-entertainment giant had to fight with dinosaurs and skilled fighters in its second quarter, and came up a little short: the Philadelphia company’s profit slipped in the period, when it had to contend with comparisons to a year-earlier quarter that contained summer blockbusters “Jurassic World” and “Furious 7.” The Philadelphia owner of NBCUniversal and the Comcast… Read more »

Comcast Tops Analysts’ Q2 Expectations Despite Film Studio Downturn

Comcast’s shares are up more than 1% in pre-market trading after it reported Q2 results that, although mixed, were largely upbeat for the sprawling company.
Its NBCUniversal — more specifically Universal’s film studio — was the glaring exception as releases including The Huntsman: Winter’s War paled next to last year’s slate which included Jurassic World, Furious 7, and Pitch Perfect 2.
Overall, Comcast’s net income of $2.03 billion was down 5.1% vs last year’s Q2 on…

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Rajinikanth’s ‘Kabali’ Opens Strongly Worldwide

KOCHI — “Kabali,” starring cult South Indian superstar Rajinikanth, has opened on a strong note worldwide. The film debuted on July 22 and has collected $36.6 million worldwide in five days of release, according to trade estimates. This includes a five-day total of $22.3 million in India. In North America the film collected a robust… Read more »

ITV Plans To Cut Costs To Counter Brexit Impact; Enjoys Profit Increase Thanks To ITV Studios

ITV boss Adam Crozier today announced the UK-based broadcaster-producer would be looking to cut up to $32.8 million in costs to counteract the anticipated economic fallout from Brexit and the UK’s decision to leave the European Union.
“Against a backdrop of wider economic uncertainty following the E.U. referendum, we have put in place a robust plan to allow us to meet the opportunities and challenges ahead. As part of this we are targeting a £25 million reduction in…

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Latido Films, Poland’s Film It Team on ’Playground,’ (EXCLUSIVE)

Adding to its burgeoning line-up of multi-prized first-time fiction feature directors, Madrid-based sales agent Latido Films has acquired world sales rights to “Playground,” a buzzed-up real-events-inspired horror movie which looks set to cause discussions, whatever the late summer or fall fest where it world premieres. A portrait of disaffected Polish youth and an absolute disconnect… Read more »

Nintendo in Loss, Despite Pokemon Go Phenomenon

TOKYO – Despite the global phenomenon of the “Pokemon Go” augmented reality game, Japanese games maker Nintendo recorded a JPY5.1 billion ($48.7 million) operating loss for the first quarter of fiscal 2016. The company said it was hit by adverse currency shifts and weak sales in some categories. Sales of Nintendo 3DS hardware totaled 0.94 million for… Read more »

Warner Bros. to Expand Korean Film Production

Korean-language movies “Bad Lieutenant” and Lee Byung-hun starring “A Single Rider” are next up on the local language slate of Warner Bros. The Hollywood studio’s Korean production drive is poised to get off to a dramatic start with Kim Jee-woon’s “The Age of Shadows,” which has its commercial release in Korea in September and will… Read more »

U.K. Broadcaster ITV to Cut Costs by $33 Million as Brexit Bites

Adam Crozier, chief executive of U.K. commercial broadcaster ITV, has revealed plans for a £25 million ($32.8 million) cut in overheads for next year as a response to the uncertainty provoked by the U.K.’s decision to leave the European Union, known as Brexit. “Against a backdrop of wider economic uncertainty following the E.U. referendum, we… Read more »