Rise of Gru domestic box office opening tops $108 million

“Minions: The Rise of Gru” is the sequel to the 2015 film, “Minions,” and spin-off / prequel to the main “Despicable Me” film series. Universal Families have gone bananas for “Minions: The Rise of Gru.” Over the weekend, the Universal and Illumination animated feature tallied more than $ 108 million in ticket sales. The fifth … Read more

Walgreens, Constellation Brands, RH and others

Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue also beating analyst forecasts. Walgreens also reaffirmed its full-year guidance, forecasting low-single-digit adjusted earnings growth. The stock fell 2.7% in premarket action. … Read more

Starz could turn into ‘acquisition machine’ after spinoff from Lionsgate

Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. … Read more

Maverick’ gives 2022 box office momentum, but inflation could hurt

“Top Gun: Maverick” rocketed to $ 1 billion at the global box office over the weekend, setting a new career milestone for star Tom Cruise and signaling some momentum for the domestic box office as it heads into the second half of the year. The Paramount and Skydance film is the second feature to reach … Read more

Pixar film nabs $51 million in domestic opening

Chris Evans voices Buzz Lightyear in Pixar’s “Lightyear.” Disney Pixar’s “Lightyear” rocketed to a $ 51 million domestic opening, the best performance of an animated feature since the pandemic began. Internationally, the Disney film tallied $ 34.6 million in ticket sales, bringing its global haul to $ 85.6 million. The animated film’s performance, while strong … Read more

Netflix considers ads, password sharing crackdown, live sports

Reed Hastings, co-founder and chief executive officer of Netflix Inc., during the Milken Institute Global Conference in Beverly Hills, California, US, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images In the foreword to Hamilton Helmer’s “7 Powers: The Foundations of Business Strategy,” published in 2016, Netflix co-founder and co-CEO Reed Hastings … Read more

‘Yellowstone’ boom pits lifetime Montana residents against wealthy newcomers

“Yellowstone” has become one of the hottest streaming shows. Filmed on location in the West, much of it in Montana, the scripted drama tells the story of a modern day ranch owner John Dutton, played by Kevin Costner, and his family dynasty. The storyline is deliciously captivating, with back-stabbing and family intrigue, high stakes power … Read more

Paramount sued over ‘Top Gun’ copyright as ‘Maverick’ soars at box office

Tom Cruise in “Top Gun: Maverick” Source: Paramount Tom Cruise’s “Top Gun: Maverick” had another blockbuster weekend at the box office, but the studio behind the film could be feeling the heat from a lawsuit filed Monday. The family of the author whose article inspired the original 1986 “Top Gun” is suing Paramount Pictures for … Read more

$124 million is Tom Cruise’s best domestic debut

Tom Cruise in “Top Gun: Maverick” Source: Paramount LOS ANGELES – “Top Gun: Maverick” soared to $ 124 million during its opening weekend, earning Tom Cruise his highest domestic debut. The prolific actor, who has made a name for himself as a fearless stuntman, has generated more than $ 4.2 billion at the domestic box … Read more

Netflix and rivals enter pivotal second act of streaming wars saga

Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The media and entertainment industry prides itself on its mastery of classical storytelling’s three acts: the setup, the conflict and the resolution. It’s safe to declare the first act of the … Read more