Sunday, 30 December 2012

"The Hobbit" keeps box office crown for third week

* 'Les Miz' opens strong but can't keep up with 'Hobbit'

* 'Skyfall' tops $1 billion

By Ronald Grover and Chris Michaud

Dec 30 (Reuters) - The dwarfs and elves of "The Hobbit: An Unexpected Journey" prevailed at the North American box office again over the weekend, as its $32.9 million in ticket sales topped both the star-packed musical "Les Miserables" and the western "Django Unchained."

Despite surging past "The Hobbit" on Christmas day with an $18.1 million opening, "Les Miz" managed only third place in U.S. and Canadian sales with $28 million as Christmas shoppers returned from the malls to boost Hollywood's box office, according to studio estimates.

"The Hobbit," in its third week of release, has now grossed $222.7 million domestically, Warner Bros said.

Quentin Tarantino's "Django Unchained," a western starring Jamie Fox as a slave turned bounty hunter, took second with an impressive $30.7 million.

Tom Cruise's crime drama "Jack Reacher," which features author Lee Child's former military investigator solving a fatal sniper attack, landed in fifth with $14 million, outpaced by "Parental Guidance," the Billy Crystal-Bette Midler as grandparents comedy which took in $14.8 million to nab fourth.

Chris Aronson, president of domestic distribution for Fox, said the "Parental Guidance" performance was "just a tremendous result for our little engine that could."

Backed by a musical score that made it a Broadway icon, "Les Miz" surged past "The Hobbit" on Christmas day, collecting $18.1 million to pass "High School Musical 3: Senior Year" with the biggest midweek opening day by a musical.

But it was not enough to conquer the "Hobbit" juggernaut, which scored its third straight box office weekend win.

Universal's president for domestic distribution Nikki Rocco called the "Les Miz" $28 million take "phenomenal, especially considering we went into the weekend with $40 million," an unexpectedly strong figure for its first few days in release.

"People really love this movie, which is even more rewarding and gratifying," Rocco said.

"Les Miserables," which stars Hugh Jackman, Russell Crowe and Anne Hathaway, benefited from Oscar buzz and its star power, said Paul Dergarabedian, president of Hollywood.com's box office division, who said he wouldn't be surprised to see the musical pass $200 million before it's done.

That would put it among the Hollywood's Top 20 best-selling musicals. It would pass the 1972 film "Cabaret," which grossed $191 million in box office sales adjusted for higher ticket prices, and put it close to "Camelot," which sold $204.5 million in 1967, according to the web site the-numbers.com.

The most successful musical is "Snow White and the Seven Dwarfs," which grossed more than $6.3 billion but has been re-released by Walt Disney nine times since its 1937 premiere, according to the site.

A rush of high-profile films in December is expected to push 2012 to a domestic box office record. The current record is $10.6 billion, set in 2009.

"Jack Reacher" debuted just days after the Newtown, Connecticut, school shooting sparked new debate about the impact of movie violence. "Reacher" begins with a sniper killing a handful of seemingly random victims. A red-carpet premiere and a screening to promote the $60-million production were postponed after the D ec. 14 Newto wn tragedy.

Adult comedy "This is 40" starring Paul Rudd and Leslie Mann as a middle-aged couple was sixth with $13.2 million. The Judd Apatow $35 million film totaled $37 million after two weeks. The seventh spot went to Steven Spielberg's historical film "Lincoln," with $7.5 million for a $132 million domestic total.

Comedy "The Guilt Trip," starring Barbra Streisand and Seth Rogen as a mother and son on a cross-country drive, pulled in $6.7 million for eighth.

Also this week the latest James Bond hit "Skyfall" topped $1 billion in worldwide sales, despite falling out of the week's top 10 films at the box office.

"The Hobbit" was distributed by Time Warner Inc's Warner Bros studio. Paramount Pictures, a unit of Viacom Inc released, "Jack Reacher" and "The Guilt Trip." Comcast Corp's Universal Studios released "Les Miserables" and "This is 40." "Django Unchained" was released in the United States by the Weinstein Company.


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"The Hobbit" trumps star-packed "Les Miserables"

n">Dec 30 (Reuters) - The dwarfs and elves of "The Hobbit: An Unexpected Journey" prevailed at the North American box office again over the weekend, as its $32.9 million in ticket sales topped both the star-packed musical "Les Miserables" and the western "Django Unchained."

Despite surging past "The Hobbit" on Christmas day with an $18.1 million opening, "Les Miz" managed only third place in U.S. and Canadian sales with $28 million as Christmas shoppers returned from the malls to boost Hollywood's box office, according to studio estimates.

"The Hobbit," in its third week of release, has now grossed $222.7 million domestically, Warner Bros said.

Quentin Tarantino's "Django Unchained," a western starring Jamie Fox as a slave turned bounty hunter, took second with an impressive $30.7 million.

Tom Cruise's crime drama "Jack Reacher," a film that features author Lee Child's former military investigator solving a fatal sniper attack, landed in fifth with $14 million, outpaced by "Parental Guidance," the Billy Crystal-Bette Midler as grandparents comedy, which took in $14.8 million to nab the fourth spot.


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The top films in the North American box office

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'Hobbit' fever beats Tom Cruise at box office

n">Dec 23 (Reuters) - The big-budget "Hobbit" fantasy movie ruled movie box office charts for a second straight weekend, fending off Hollywood heavyweight Tom Cruise in new crime drama "Jack Reacher."

"The Hobbit: An Unexpected Journey" hauled in nearly $37 million from theaters in the United States and Canada, according to studio estimates of Friday-through-Sunday ticket sales. The film is the first of three movies based on the classic J.R.R. Tolkien novel about a world of dwarfs, elves and dragons in the fictitious Middle Earth.

In second place, Cruise's "Jack Reacher" about the investigation into a sniper shooting brought in just short of $17 million at U.S. and Canadian theaters. Distributor Paramout Pictures postponed a premiere of the film after the fatal school shooting in Newtown, Connecticut, sparked new scrutiny of violent movies.

Adult comedy "This is 40," starring Paul Rudd and Leslie Mann as a middle-aged couple, brought in $12 million, finishing in third place.

"The Hobbit" was distributed by Time Warner Inc's Warner Bros. studio. Paramount Pictures, a unit of Viacom Inc , released "Jack Reacher." Comcast Corp's Universal Pictures distributed "This is 40."


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The top films at the North American box office

Dec 23 - Following are the top 10 movies at North American box offices for the weekend starting Dec. 21, led by "The Hobbit: An Unexpected Journey," a c cording to studio estimates compiled by Reuters.

1 (1) The Hobbit: An Unexpected Journey...........$36.7 million 2 (*) Jack Reacher................................$15.6 million 3 (*) This is 40..................................$12.0 million 4 (2) Rise of the Guardians.......................$ 5.9 million 5 (3) Lincoln.....................................$ 5.6 million 6 (*) The Guilt Trip..............................$ 5.4 million 7 (*) Monsters, Inc. (3D).........................$ 5.1 million 8 (4) Skyfall.....................................$ 4.7 million 9 (5) Life of Pi..................................$ 3.8 million 10 (6) Twilight: Breaking Dawn - Part 2............$ 2.6 million

NOTES: (*) = new release

CUMULATIVE TOTALS:

Twilight: Breaking Dawn - Part 2 ...............$281.6 million Skyfall ........................................$280.0 million The Hobbit: An Unexpected Journey...............$149.9 million Lincoln.........................................$116.8 million Rise of the Guardians...........................$ 79.7 million Life of Pi......................................$ 76.2 million Jack Reacher....................................$ 84.77 million Rise of the Guardians...........................$ 71.3 million Life of Pi......................................$ 69.5 million This is 40......................................$ 40.8 million

"The Hobbit" was released by Warner Bros, a unit of Time Warner Inc.

"Breaking Dawn - Part 2" was released by Summit Entertainment, a unit of Lions Gate Entertainment.

Sony Corp's movie studio released "Skyfall."

"Lincoln" was produced by Dreamworks and released by Walt Disney Co.

Paramount Pictures, a unit of Viacom Inc, released "Jack Reacher," "The Guilt Trip" and the Dreamworks Animation production "Rise of the Guardians."

"This is 40" was distributed by Universal Pictures, a unit of Comcast Corp.

"Life of Pi" was released by 20th Century Fox, a unit of News Corp.


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Friday, 21 December 2012

UPDATE 3-News Corp says publishing wing lost money

* Publishing wing would have reported 2012 loss of $2.08 bln

* Newspapers, sports programs to be under publishing wing

* Closing News of The World, Australian paper woes part of loss

* Publishing wing's Q3 loss would have been $92 mln

* Stock down 1.5 pct

By Sayantani Ghosh and Liana B. Baker

Dec 21 (Reuters) - Rupert Murdoch's News Corp said the publishing arm it plans to spin off from its entertainment assets would have lost $2.08 billion in the last fiscal year if it were a standalone company.

News Corp filed with the U.S. Securities and Exchange Commission on Friday to separate its publishing and entertainment assets into two publicly traded companies. News Corp first announced the decision in June after shareholders pressed it to get rid of its troubled newspaper business.

"New News Corp," as the company dubs its publishing wing, will include newspapers, information marketing services, digital real estate, book publishing, digital education, and sports programming and pay-TV distribution in Australia, the company said on Friday.

News Corp's film and television businesses currently include the 20th Century Fox film studio, Fox broadcasting network and Fox News channel, which will be part of the renamed parent company that will be called Fox Group.

News Corp's stock fell 1.5 percent to $25.04 in morning trading on Friday.

The loss included an impairment charge of around $2.6 billion, News Corp said in a filing, but it added that revenue fell 5 percent, hit by the 2011 closure of the News of the World paper after the UK phone hacking scandal, and lower revenues at its Australian papers. ()

The $2.08 billion annual loss compares with a profit of $678 million a year earlier.

The unit would have reported a net loss of $92 million in the three months that ended Sept. 30, hurt by lower advertising revenue and higher operating costs, it said.

NO DETAILS YET ON DEBT AND CASH

The filing shows the publishing unit's earnings before interest, taxes, depreciation and amortization or EBITDA, a figure used by Wall Street to reflect the company's operating performance, slipped to $782 million in 2012 from $1.21 billion in 2011.

BTIG analyst Richard Greenfield called the new financial details unsurprising and said that the key information for investors - the two companies' plans for debt and cash - were absent from the filing.

"The amount of debt and cash to be assigned to each company is not finished yet, and that's what investors are focused on," Greenfield said.

He expects that information to be revealed in the first quarter, and said he hopes that "as little cash as possible is infused into the publishing" wing.

The publishing division now includes the HarperCollins book publisher, its education arm headed by former New York schools Chancellor Joel Klein, and newspapers, including The Wall Street Journal, The Times of London, The Sun, The New York Post and The Australian.

Robert Thomson, a close confidant of Murdoch and currently managing editor of The Wall Street Journal and editor-in-chief of its publisher, Dow Jones & Co, will lead the new publishing company.

Thomson will receive a base salary of $2 million annually and a performance-based annual bonus with a target of $2 million. After three years, he will receive annual grants of a performance-based long-term incentive award.

Murdoch will retain his role as Chairman and CEO of the parent and his compensation for the roles is expected to increase modestly. He received a base salary of $8.1 million and a bonus of $10.4 million, apart from stock awards and other compensation, which put his total compensation at about $30 million for fiscal 2012.

The phone hacking scandal erupted at the News Of The World last year, forcing the company to close the paper in July and drop its proposed purchase of the rest of BSkyB, its British pay-TV network.


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Wednesday, 19 December 2012

TIMELINE-Britain's phone-hacking scandal

n">Nov 29 (Reuters) - These are the major events in the phone-hacking scandal over the last 18 months as the inquiry by Lord Justice Brian Leveson on British media ethics is published on Thursday:

July 4, 2011 - A lawyer for the family of murdered schoolgirl Milly Dowler says police have told him her voicemail messages were hacked in 2002, possibly by a News of the World investigator. The disclosure comes days after the government backs plans by News Corp to buy out British pay-TV group BSkyB. Three days later News Corp announces it will close the News of the World. The July 10 edition is the last.

July 8 - Andy Coulson, a former News of the World editor, who also served as Prime Minister David Cameron's chief media adviser, is arrested on suspicion of conspiring to intercept communications.

July 13 - News Corp withdraws its bid for BSkyB. Tom Crone, legal manager at News International, resigns. Two days later Rebekah Brooks, a former News of the World editor, resigns as chief executive of News International.

July 19 - Rupert Murdoch, questioned by parliament's Culture, Media and Sports committee, says he was "shocked, appalled and ashamed" when he heard about the Dowler case. His son James Murdoch and Brooks are also questioned.

Nov. 14 - A public inquiry, chaired by Lord Leveson, begins its investigations into media ethics.

March 13, 2012 - James Murdoch, in a letter, apologises to those affected by the hacking scandal but says he was let down by senior staff on whom he had relied. He severs all ties with News Corp's British newspaper business on March 24 and resigns as chairman of BSkyB on April 3.

May 10 - Coulson appears at the Leveson inquiry and says Cameron's Conservative Party had asked few questions about his past and not carried out full security checks. Brooks appears on May 11 and provides colourful details of her friendships with the cream of British politics.

May 15 - Brooks is charged with interfering with a police investigation into a phone hacking scandal.

Nov. 20 - Coulson and Brooks are charged with conspiring to make illegal payments to officials for information for stories.


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