cinema

Should You Invest in Elizabeth Taylor Memorabilia?

Elizabeth Taylor fans have been flocking to eBay to pick up memorabilia since the movie star died last week. But do these collectibles makes sense as investments? Appraisers from Antiques Roadshow weigh in.

Indian Conglomerate in Talks to Buy MGM

Indian conglomerate Sahara India Pariwar is in talks to buy U.S. movie studio Metro-Goldwyn-Mayer Inc in a deal worth more than $2 billion, The Wall Street Journal reported. MGM owes creditors about $4 billion, mostly to hedge funds that purchases the studio%u2019s bank obligations at a discount. The creditors are preparing to take over the studio in a streamlined bankruptcy. They plan to turn management over to Gary Barber and Roger Birnbaum, co-heads of Spyglass Entertainment.

Summer Cinema Ticket Sales Fall to Lowest Since 1997

Ticket sales at cinemas this summer fell to the lowest since 1997 as prices rose. Box office ticket sales from the first weekend of May through the Labor Day holiday are expected to slip 2.6% to 552 million, Bloomberg News reported.

Disney Sells Miramax for $660 Million to Private Investors

Disney will reportedly sell storied arthouse-film studio Miramax for $660 million to a consortium of private investors, many of whom are big LA real estate players. This brings the curtain down on founders Bob and Harvey Weinstein's attempts to buy the studio back from Disney.

Latest Twilight Earns $30 Million on First Night

The latest movie in the Twilight franchise -- The Twilight Saga: Eclipse -- netted $30 million in tickets for midnight showings on its opening night, beating the previous installment's $26.3 million