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Facebook Posts $1.5 Billion in First-Quarter Revenue
5 hours ago
Facebook posted quarterly earnings that neither thrilled or depressed investors, who were reacting by bidding shares a few pennies higher in the after-hours session on Wall Street. During the first quarter, the world's dominant social network posted $1.5 billion in revenue, up from $1.1 billion in the same quarter a year ago. Profit rose to $219 million from $205 million last year. Story: Facebook CEO Mark Zuckerberg Cashes In $2.3 Billion in Options The company said that mobile ads -- always a closely watched metric of Facebook's potential -- accounted for 30 percent of its advertising revenue during
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- Paul Bond
CBS Corp. First-Quarter Earnings Rise, Beat Expectations
5 hours ago
CBS posted $4.04 billion in quarterly revenue, narrowly beating the expectations of analysts on Wednesday and up 6 percent from a year earlier. Net earnings were $443 million, up from $363 million a year before. On a per-share basis, CBS earned 71 cents, or 73 cents on a diluted per-share basis, up 24 percent from the same frame last year. Diluted earnings per share jumped 24 percent to 73 cents. CEO Leslie Moonves called it "the most successful quarter in our company's history" by many economic metrics. Analysts were looking for about $4.02 billion in revenue
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- Paul Bond
Ryan Kavanaugh on Aereo: It Gives Consumers 'What They Want'
6 hours ago
Relativity Media CEO Ryan Kavanaugh called Aereo -- a company under siege for its ability to deliver TV over the Internet without compensating networks -- "really cool," and DirecTV CEO Michael White said if Aereo survives legal challenges he'll find a way to get it to his subscribers. The two executives were speaking during a session, along with TiVo CEO Tom Rogers and Selby Ventures managing director Doug Barry, at the Milken Institute Global Conference on Wednesday. Story: Barry Diller Defends Aereo, Says Legal Battle is Over Aereo, said Kavanaugh, "is a really cool concept. It gives everybody what they want.
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- Paul Bond
Guggenheim's Todd Boehly Talks Dodgers Purchase at Milken Conference
6 hours ago
Guggenheim Partners president Todd Boehly told a Beverly Hills audience on Wednesday that his company's winning $2.1 billion bid for the Los Angeles Dodgers was a reflection of how the new owners consortium see the team: As an entertainment property. "It was our job to treat it as an entertainment experience,” Boehly told the audience at the Business of Sports panel, presented at the Milken Institute Global Conference. The panel, moderated by TV sports personality Jim Gray and featuring former tennis champ Jimmy Connors and hockey icon Wayne Gretzky, covered the unprecedented amount of money paid for sports franchises, the high cost of talent, rapid
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- Alex Ben Block
Bob Newhart on His 'Big Bang Theory' Gig: 'It's Like Going Back in Time'
6 hours ago
Comedy legend Bob Newhart heads to CBS' The Big Bang Theory on Thursday with a role that was a long time coming. Co-creator/executive producer Chuck Lorre had been courting the Newhart icon for years, constantly going after the six-time Emmy nominee for a role on one of his shows before coming up with the winning role: Professor Proton, an influential character from Leonard (Johnny Galecki) and Sheldon's (Jim Parsons) childhood. Before accepting the role, Newhart laid out two conditions that would bring him to his first half-hour comedy gig in years -- it had to be for more
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- Lesley Goldberg
'Tiger Eyes' Trailer: Judy Blume's YA Book Comes to Life (Video)
6 hours ago
With the first trailer for Tiger Eyes, fans of Judy Blume are getting a peek at the first of the iconic author's characters to ever be brought to life on the big screen. Tiger Eyes marks the first major motion picture adaptation from Blume, starring Arrow’s Willa Holland. The story follows 17-year-old Davey, who is sent off to live in Los Alamos, New Mexico, with her grieving mother and brother after her father is murdered. Once there, she meets a young Native American named Wolf, who helps her learn to cope and move on after tragedy. Amy Jo
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- Sophie Schillaci
HBO Renews 'Veep' for Third Season
6 hours ago
HBO has ordered a third season of Veep. The news comes just a day after the network reported near-record ratings highs for the sophomore comedy. With a massive lead-in from Game of Thrones, the April 29 episode of Veep raked in 1.3 million viewers in its inaugural broadcast. It marked a season high and ranks behind only the 2012 series premiere (1.38 million) as the most-watched episode ever. Photos: Julia Louis Dreyfus Celebrates HBO's Second Season of 'Veep' The critically favored effort and the network's most-watched comedy, Veep comes from executive producers Armando Iannucci
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- Michael O'Connell
'Iron Man 3' Cast Teases 'Surprising Emotion' of Third Film (Video)
7 hours ago
Iron Man 3 sees the return of Robert Downey Jr. as playboy billionaire Tony Stark -- but he's feeling a little less playboy than before. While often a film franchise can tire with time, the third Iron Man film -- directed by Shane Black -- has somehow managed to throw in plenty of twists and turns that the audience is not going to expect. Photos: 'Iron Man 3' Tour: Robert Downey Jr. Travels the World Of course, we don't want to dive too deeply into those surprises (and neither did the cast when they sat down with The Hollywood Reporter) but THR did
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- Rebecca Ford
Leftfield Entertainment Launching Loud TV With Producer Nick Rigg
7 hours ago
Pawn Stars and Real Housewives of New Jersey producers Leftfield Entertainment are expanding unscripted efforts in a new joint venture with former Leopard Films USA president Nick Rigg. New-York-based Loud TV, a full-service production company to create unscripted television, digital content and other branded entertainment, was announced by Rigg and Leftfield ceo and producer Brent Montgomery on Wednesday. “As a producer and executive for 15 years, it’s been my goal to create a new company that will produce original content across a range of genres, and to assemble a team of nimble, dedicated and highly talented people
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- Michael O'Connell
Kenny Chesney Launches Fund to Support Boston Blast Victims
7 hours ago
Country star Kenny Chesney is starting a fund to help those who lost limbs in the Boston Marathon bombing. A Tuesday news release says Chesney has established the "Spread the Love" fund with his own donation and will gift sales of his single by the same name as well. Donations will go to Boston Medical Center and other area facilities. Fans also can donate directly to the fund at http://bmc.org/Kenny. The money will go to the purchase of prosthetics and fitting, follow-up care and physical therapy. Three people were killed and more than 260 injured in the April
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- Associated Press , Billboard Staff
Ibm Researchers Complete Stop-Motion Short by Moving Atoms (Video)
8 hours ago
Ibm researchers have created A Boy and His Atom, a fascinating 242-frame stop-motion short that involved moving and precisely placing atoms using a two-ton microscope that operates at -268 degrees Celsius. This simple story of a boy playing with an individual atom is being billed as the world's smallest movie, as certified by the Guinness Book of World Records. This technique was also tapped to create some new imagery -- including an animated Star Trek emblem and a still of the Starship Enterprise -- which debuts Wednesday on the Star Trek Into Darkness app. “The theme of Star Trek
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- Carolyn Giardina
ICM Partners Expands Digital Strategy and Branded Entertainment Divisions
8 hours ago
ICM Partners is making a concentrated foray into digital strategy and global branded entertainment, hiring three agents to expand its footprint in the fields. Sarah Early and Matthew Murray are joining ICM’s Los Angeles office in the digital strategy division, which is led by by the division's managing director Keyvan Peymani. Madison Mojciechowski is boarding the agency’s New York office and will work under global branded entertainment division head Carol Goll. “Matthew and Sarah are seasoned digital and brand strategists who will be instrumental in helping us to further leverage the agency’s reach in motion pictures, television, live entertainment, new
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- Borys Kit
Comedy Central's Kent Alterman on Leno, Rape Jokes and a Jon Stewart-Free 'Daily Show' (Q&A)
8 hours ago
This story first appeared in the May 10 issue of The Hollywood Reporter magazine. Spend time with Kent Alterman, and one can forget that he is not a comedian who appears on Comedy Central shows but rather the executive who programs them. And in a bid to stay at once competitive and differentiated in an increasingly fractured comedy landscape -- on TV and online -- Alterman, 56, is lining his male-skewing network with significantly more originals than ever before, including new offerings from Anthony Jeselnik (The Jeselnik Offensive), Nathan Fielder (Nathan for You), Ben Hoffman (The Ben Show) and Amy Schumer (Inside
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- Lacey Rose
CNN Gives Second Season to ‘Anthony Bourdain Parts Unknown’
8 hours ago
CNN is sticking with Anthony Bourdain. The cable news network announced Wednesday that the traveling foodie will see a second season to his recently launched Parts Unknown. The Sunday series, which is averaging a competitive 389,000 adults 25-54 demographic, has been topping the night's cable news competition in the three weeks since it launched. It has also been fetching 872,000 viewers, more than doubling the network's time slot average from a year ago. “Tony and Zero Point Zero Production have created a spectacularly beautiful, informative and entertaining series for CNN that has resonated with viewers in a
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- Michael O'Connell
Lil Wayne Hospitalized Again for Seizure
8 hours ago
Lil Wayne was back in the hospital Tuesday night after suffering another seizure. TMZ first reported that Wayne was admitted to Cedars-Sinai Medical Center in Los Angeles after experiencing a single seizure. He was treated and released early Wednesday morning. "I'm fine. Thank u," Wayne tweeted to his 11,000-plus followers on Wednesday. A rep for the rapper did not immediately return The Hollywood Reporter's request for comment. Photos: Lil Wayne Through the Years The 30-year-old was reported to be near death in March after suffering a series of severe seizures, spending six days in
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- Sophie Schillaci
Mountain Dew Yanks Commercial Amid Accusations of Racism (Video)
9 hours ago
Mountain Dew is pulling down a brazen new ad that has incited outrage and accusations of racism. The minute-long commercial features five members of the hip-hop collective Odd Future as suspects in a line-up that also includes a talking goat named Felicia (voiced by the group's ringleader, the rapper-producer Tyler the Creator). A battered and bloodied woman -- sporting a neck brace and crutches -- wails with fear as Felicia threatens her from behind the mirrored window. "Keep your mouth shut. I'm gonna get outta here and I'm gonna 'dew' you up," bullies the goat, prompting the woman to run away. Meanwhile, a jaded
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- Erin Carlson
Live Music Events and Documentaries to Sing in Cinemas
9 hours ago
London – Production and finance banner Mr. Wolf, which has offices in L.A. and the British capital, is to move into the alternative content space with a focus on live and recorded feature length music content. Backed by digital cinema specialists Arts Alliance Ventures, the company plans to produce, co-produce and manage distribution of single events and music based features including Ridley Scott's Rsa produced Springsteen & I documentary. Mr. Wolf plans to distribute to movie theaters across the globe via partners including Arts Alliance Media and handle its own downstream distribution through home entertainment, digital and TV
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- Stuart Kemp
The Education of Julianne Moore and Michael Angarano
9 hours ago
There's something about Julianne Moore and glasses that just speaks to casting directors. The actress was transformed into Sarah Palin by a pair of rimless, rectangular frames, winning an Emmy for her work in Game Change. A year later, she's behind a large, old school pair of specs for her role in The English Teacher, in which she plays Linda Sinclair, a character polar opposite of the former Alaskan governor: a well-read, spotlight-shunning educator with an aversion to the dramatic. A perpetually single bookworm and future cat lady, Linda's world is flipped when a former student (Michael Angarano)
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- Jordan Zakarin
John Oliver Gets 'Daily Show' Start Date
9 hours ago
John Oliver's summer is about to get very busy. The Daily Show correspondent will officially take over hosting duties for Jon Stewart on Monday, June 10 at 11 p.m., Comedy Central announced Wednesday. Story: Jon Stewart to Take Summer Break From 'Daily Show' to Direct a Movie Stewart will take an eight-week hiatus from the gig in order to direct his first feature film, Rosewater. The late-night stalwart also wrote the screenplay for the adaptation of BBC journalist Maziar Bahari's New York Times best-selling memoir Then They Came for Me: A Family’s Story of Love, Captivity and Survival.Stewart will return to
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- Lesley Goldberg
Box Office Report: 'Iron Man 3' Zooms Past $240 Million Overseas
9 hours ago
Disney and Marvel Studios' Iron Man 3 has zoomed past the $240 million mark at the international box office, surpassing the total foreign take for fellow Marvel pic Captain America: The First Avenger, which earned $192 million in summer 2011. Directed by franchise newcomer Shane Black, Iron Man 3 opened overseas late last week, a week ahead of its May 3 North American rollout. Photos: 'Iron Man 3' Tour: Robert Downey Jr. Travels the World The superhero tentpole, debuting to $198 million internationally, is playing more like a follow-up to last year's Marvel blockbuster The Avengers, versus a follow-
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- Pamela McClintock
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company.