After a hot start this year, the multiplexes are emptying out again. Hollywood.com statistics show that attendance during the telltale summer season tallied 533 million moviegoers in North America, nearly 4% fewer than last summer.
DVDs -- and even their more modern Blu-ray siblings -- are gradually fading to black, as VHS and LaserDisc did before them. Movie studios have seen this coming for some time. Problem is, it's part of a bigger trend they may not be able to overcome.
Hollywood has a problem. For the first time in more than two decades, the film industry is posting back-to-back years of falling box office receipts. Before the drama becomes a horror show, here are a few things that could beef up ticket sales.
This week, holiday shoppers have turned into post-holiday exchangers. And while Main Street shops for sweaters in the right size, Wall Street has a few items to cross off of its "to do" list before New Year's Eve, too.
Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
Billionaire investor Carl Icahn threw his support behind Lions Gate Entertainment's proposal to acquire debt-laden Metro-Goldwyn-Mayer, according to a filing with the SEC Tuesday. Icahn is Lions Gate's largest shareholder and also holds a significant amount of MGM's debt.
Lions Gate Entertainment shares jumped some 12.5% to around $7.30 Tuesday after billionaire activist investor Carl Icahn raised his hostile bid for the studio to $7.50 per share in cash, up from the previous offer of $6.50 a share. Lions Gate's board said it will review the offer.
The Walt Disney Co. has reached an agreement to sell storied arthouse-film company Miramax to a consortium of private investors for $660 million. The deal follows years of speculation over Miramax's fate after the 2005 departure of founders Bob and Harvey Weinstein.