The Department of Justice decision to roll back decades-old regulations governing studios and movie theaters pushed beleaguered exhibition stocks higher Tuesday as investors saw the upside of the move. On Wall Street, shares in AMC Entertainment, the No. 1 theater owner, gained 6% to $8.98; Cinemark rose 1% to $34.37; and Imax — not in most respects an exhibitor, but seen as a proxy for theater chains — climbed 2% to $21.19. On the London Stock Exchange, Regal Cinemas owner Cineworld added a bit less than 4% to $197.90. Regal, AMC and Cinemark together control roughly half of the 40,000 screens in the U.S. Makan Delrahim, head of the DOJ’s antitrust division, outlined his thinking on the Paramount decree of 1948 in a speech to the American Bar Association in Washington. He said the rules have become antiquated, with the theatrical window less prominent than it was when the rules were established decades ago, before megaplexes, streaming and Big Tech. … [Read more...] about Exhibitor Stocks Gain On News Of 1948 Paramount Decree Being Lifted
This story is from the September 25th, 1986 issue of Rolling Stone. The needle drops on an ancient phonograph and out crackles the familiar opening lines of the Monkees’ theme song: “Here we come, walkin’ down the street…” The Monkees are amiably snapping fingers and lip-syncing along to it, when the record hits a scratch. With comic looks of perplexity, they huddle at center stage. The solution? Peter Tork walks over and blasts the record player to smithereens with a huge stick of dynamite. When the smoke clears, the Monkees and their eight-member backup band break into “Last Train to Clarksville,” and this time they’re playing and singing for real. “Clarksville” leads off what has become the hottest show of the summer. Touring for the first time in eighteen years, the Monkees are breaking records for ticket and merchandise sales around the country. Originally booked to play eleven weeks of summer concerts at theme parks and … [Read more...] about Monkee Business Revisited
The DGA has reached a tentative agreement with ABC, CBS and NBC for a new contract covering the TV networks’ staff and freelance members employed in news, sports and operations at the companies’ networks and many of their owned local stations. The agreement, which now goes to the guild’s membership for ratification, was unanimously approved by the DGA national board of directors October 19, but was only announced Wednesday. The new deal is separate from the guild’s basic film and TV contract, which comes up for negotiation next year. “News, sports and local television collectively reach massive audiences, and the contributions of our members who work in these areas are absolutely critical to the success of these operations,” DGA president Thomas Schlamme said. ‘This deal is a testament to that value. That’s especially meaningful in the context of the industry’s changing business environment, and makes the results obtained by our … [Read more...] about DGA Reaches Tentative Deal With TV Networks For New Contract Covering News, Sports And Operations
On Monday, Facebook booted alt-right conspiracy theorist Alex Jones, pulling four of his pages from the social networking website for “glorifying violence” and “using dehumanizing language to describe people who are transgender, Muslims, and immigrants.” The Jones ban coincides with similar efforts from YouTube, Spotify and iTunes, and follows Facebook’s removal of four videos from Jones and Infowars last week for violating hate-speech and bullying policies when it slapped on a 30-day suspension from the site. Many are thankful that Facebook is finally addressing the issue, but critics like Keegan Hankes, a senior research analyst at Southern Poverty Law Center, tells Rolling Stone that Facebook has been particularly slow in removing the pages, “given all the noxious conspiracy theories that have been allowed to proliferate on the platform from Jones,” including his vile claim that the 2012 Sandy Hook Massacre is a hoax. (Parents of victims … [Read more...] about Is Facebook Even Equipped to Regulate Hate Speech and Fake News?
In his first interview about the explosive 'Catch and Kill,' the journalist reveals fresh claims of secret payouts and how Lauer may have played a role in the network’s decision to kill his 2017 Harvey Weinstein exposé: "I'm very clear about the fact that Harvey was laying siege to NBC." It was September 2017, and Harvey Weinstein was huddled at a corner table at New York's Loews Regency hotel alongside Dylan Howard, chief content officer of National Enquirer publisher American Media Inc. Weinstein had become increasingly alarmed about a story that Ronan Farrow — then a correspondent for NBC News and most famous for being the son of Mia Farrow and Woody Allen — was vigorously pursuing about the powerful producer's long-rumored sexual predations. Weinstein had worked to suppress variations of that story for decades, and he was desperate for it to stay secret. But Farrow (along with a team at The New York Times) was closing in. Weinstein wanted to bully NBC News … [Read more...] about Ronan Farrow Strikes Again: A New Book Targets NBC News and How Harvey Weinstein May Have Leveraged Matt Lauer