Consumer Spending on Home Entertainment Rising for the First Time in Years



The Digital Entertainment Group reports that subscription streaming rose an estimated 545.5% in the first quarter of 2012, while rentals at brick-and-mortar stores fell a devastating 39.4%.

Home video chiefs at the Hollywood studios finally have something to smile about.

For the first time in years, consumer spending on home entertainment actually rose in the first quarter of 2012, rising 2.5% to $4.45 billion largely due to the strength of streaming, according to numbers compiled by DEG: The Digital Entertainment Group...

http://www.hollywoodreporter.com/news/consumer-spending-home-entertainment-netflix-bluray-redbox-317877


Posted on 1 May 2012, 10:04 - Category: Movies
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MindScans on Facebook



Alliance Digital Studios' Director of Publicity for MindScans, Clare Kennedy, begins the studio's Facebook campaign today in preparation for the movie's impending release.

MindScans is a Futuristic Drama based on a story from Best-Selling SciFi Author, Steven L. Kent.

https://www.facebook.com/MindScans/posts/10150740301198702

Posted on 27 Apr 2012, 10:22 - Category: Movies
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Disney Studios Chairman Rich Ross Resigns



The exec had a rocky tenure at the film studio, with his greatest setback being the March box-office failure "John Carter."

http://www.hollywoodreporter.com/news/rich-ross-disney-314584

Posted on 20 Apr 2012, 11:41 - Category: Movies
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Best Buy CEO Resigns: Is the Company Going Under?



Best Buy (BBY) CEO Brian Dunn resigned today. While Wall Street's immediate reaction was to drive the electronic retailer's shares higher on the resignation (read: firing), the news is unlikely to delay the company's descent into irrelevance and/or bankruptcy.

Dunn has overseen more than his share of missteps since becoming CEO in mid-2009. Of these failings the most notable was the company's inability to deliver goods purchased online during Black Friday 2011, and not inform customers until several days before Christmas. Adding insult to injury, Best Buy offered little more than a meek "sorry" and excuses to those left with nothing under the tree.

The Christmas nightmare destroyed Best Buy's e-commerce ambitions and, with it, the company's last best chance at survival.


http://finance.yahoo.com/blogs/breakout/best-buy-ceo-brian-dunn-resigns-company-going-151536950.html

Posted on 10 Apr 2012, 18:44 - Category: Movies
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George Lucas says there will 'never' be a new 'Star Wars'



Are you a "Star Wars" fan who still holds out hope that Episodes VII, VIII and IX will someday hit theater screens? Don't count on it.

On Wednesday, George Lucas blasted away any chance of ever seeing a new birth of the “Star Wars” franchise when TMZ briefly caught him leaving a Hollywood restaurant.
Asked when the newest installment of “Star Wars” would be, Lucas was blunt: “Never,” he said, adding "I'm retired."

It appears to be Lucas’ latest film venture that turned the prolific filmmaker off moviemaking. After spending 23 years developing and fighting studios to produce “Red Tails,” the first all-black action film, which hit theaters in January, Lucas told the New York Times he was done making action movies...

Posted on 29 Mar 2012, 9:22 - Category: Movies
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Xbox subscribers use device more for TV, movies and music than games



Microsoft is set to announce that subscribers to the Internet-connected console recently started using their device more often for TV, movies and music than for games...

http://www.hollywoodreporter.com/news/xbox-live-hbo-go-xfinity-tv-mlb-tv-304304

Posted on 27 Mar 2012, 20:42 - Category: Movies
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Americans now watch more online movies than DVDs



U.S. movie buffs will pay to watch more movies online in 2012 than they will on physical video formats like DVD. That historic first marks a tipping point for Hollywood -- and its business model...

http://money.cnn.com/2012/03/22/technology/streaming-movie-sales/index.htm

Posted on 23 Mar 2012, 19:24 - Category: Movies
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Why books and movies are better the second time

New research reveals why people like to reread books, re-watch movies and generally repeat the same experiences over and over again. It’s not addictive or ritualistic behavior, but rather a conscious effort to probe deeper layers of significance in the revisited material, while also reflecting on one's own growth through the lens of the familiar book, movie or place...

http://bodyodd.msnbc.msn.com/_news/2012/02/17/10437789-why-books-and-movies-are-better-the-second-time

Posted on 17 Feb 2012, 23:46 - Category: Movies
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White House: China to Allow More U.S. Films



The announcement is applauded by the MPAA, which says it will "return a much better share of the box office revenues to U.S studios."

China has agreed to allow "significantly more job-supporting US film exports" in an effort to provide fairer compensation to Hollywood film producers, the White House announced Friday evening...

http://www.hollywoodreporter.com/news/white-house-china-films-joe-biden-xi-jinping-mpaa-292500

Posted on 17 Feb 2012, 23:45 - Category: Movies
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Netflix gives new customers DVD-only option again



Despite its commitment to streaming movies and TV, Netflix is offering its DVD-only service option to new customers again, but will it tempt those who have converted to Redbox?...

http://technolog.msnbc.msn.com/_news/2012/02/17/10435389-netflix-gives-new-customers-dvd-only-option-again



Posted on 17 Feb 2012, 23:43 - Category: Movies
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