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AMC Theater Chain Beats Earnings Expectations Despite Lackluster Box Office

1 hour ago

Movie exhibitor AMC Entertainment reported shrinking quarterly earnings Wednesday amid a weak season at the box office. But the theater chain still beat Wall Street analysts' expectations. Net income was nearly halved to $31.4 million in the second quarter compared to the same frame last year. On a per-share basis, AMC reported 32 cents, beating the projection of analysts by 3 cents. Revenue was $726.6 million, down 5 percent year-over-year and falling short of predictions, which were for $731 million. AMC operates the nation's second-largest chain of movie theaters and is largely controlled by

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- Paul Bond

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Penelope Cruz Clarifies Stance on Israel and Gaza: 'I'm Aware of the Complexity'

2 hours ago

After signing an open letter denouncing Israel's military operation in Gaza, Penelope Cruz has clarified her position on the hostilities in the region. "I don't want to be misunderstood on this important subject. I'm not an expert on the situation and I'm aware of the complexity of it," the actress said in a statement via her representative. "My only wish and intention in signing that group letter is the hope that there will be peace in both Israel and Gaza. I am hopeful all parties can agree to a cease fire and there are no more innocent victims on

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- Erik Hayden

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Christopher Nolan, J.J. Abrams Win Studio Bailout Plan to Save Kodak Film

2 hours ago

Troubled Kodak has all but finalized a deal with the major Hollywood studios that will allow film to remain alive in certain instances, at least for the near future. “After extensive discussions with filmmakers, leading studios and others who recognize the unique artistic and archival qualities of film, we intend to continue production. Kodak thanks these industry leaders for their support and ingenuity in finding a way to extend the life of film," Kodak CEO Jeff Clarke said in a statement Wednesday. J.J. Abrams, who is currently shooting Star Wars: Episode VII on celluloid; Christopher Nolan, who used

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- Carolyn Giardina

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Katie Couric Bids Farewell to Daytime TV with Morgan Freeman, Susan Sarandon and More

2 hours ago

Katie Couric said goodbye to daytime TV on Wednesday as her eponymous talk show aired its final episode. Couric’s ABC show is ending after two years on the air, with the host moving on to Yahoo as global anchor for the website. Photos Bill O'Reilly, Katie Couric, Barbara Walters: The Red Carpet at THR's 35 Most Powerful People in Media Soiree On the final episode, which was taped earlier, Couric welcomed star surprise guests Susan Sarandon and Valerie Harper. After an introduction by Morgan Freeman, Couric began her look back, reflecting on the end of her relatively young show. “I’m

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- Hilary Lewis

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Syfy's 'Sharknado 2': What the Critics Are Saying

2 hours ago

Last summer's small-budget, big sensation Sharknado is back. But unlike the original, Sharknado 2: The Second One will make its Syfy debut Wednesday night with much cult-like anticipation and a stacked lineup of celebrity cameos including Vivica A. FoxAndy Dick, Billy Ray Cyrus, Al Roker and Matt Lauer, in addition to the original's stars, Ian Ziering and Tara Reid.  Photos The 15 Most Insane Animal Attack Movies Screenwriter Thunder Levin told The Hollywood Reporter Sharknado became an unexpected hit because it's a "bizarre mashup title that delivered on the fun of the title." The difference this time around, he says,

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- Ian Servantes

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Catherine Keener, Oscar Isaac to Star in HBO's David Simon Miniseries

2 hours ago

David Simon is back in business at HBO. Seven months after his critical darling Treme ended its four-season run, the premium cable network has greenlit miniseries Show Me a Hero, The Hollywood Reporter has learned. Crash's Paul Haggis will direct, with Oscar Isaac (Drive, Star Wars: Episode VII) and Catherine Keener (Captain Phillips) attached to star in the six-hour entry. Based on the nonfiction book by Lisa Belkin, Show Me a Hero explores notions of home, race and community through the lives of elected officials, bureaucrats, activists and ordinary citizens in Yonkers, N.Y. Simon and William F.

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- Lesley Goldberg

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Olivia Wilde, Luke Wilson to Star in Psychological Thriller 'Meadowland'

3 hours ago

Olivia Wilde and Luke Wilson will star in the psychological thriller Meadowland, which Reed Morano is directing for Bron Studios. Elisabeth Moss and Natasha Lyonne also are starring in the film, which was announced Wednesday by Bron’s Aaron L. Gilbert. The project, written by Chris Rossi, marks the feature directorial debut for Morano, who has served as cinematographer on The Skeleton Twins, Kill Your Darlings, HBO’s Looking and Frozen River. Wilde and Wilson will play a couple dealing with their son’s disappearance. The film, which will begin production in New York City in mid-August, is a Bron Studios production in association with

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- Gregg Kilday

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Elle Fanning to Star as Mary Shelley in 'A Storm in the Stars' (Exclusive)

3 hours ago

Elle Fanning, coming off of a starring turn opposite Angelina Jolie in Maleficent, has come aboard to star in A Storm in the Stars, a period romantic drama being directed by Haifaa Al-Mansour. Amy Baer is producing the indie via her Gidden Media banner with Joannie Burstein and Rebecca Miller exec producing. Storm, written by Emma Jensen, tells the story of the passionate love affair between dangerously charismatic poet Percy Shelley and 17-year-old Mary Wollstonecraft, who would a year later write Frankenstein as Mary Shelley. (Fanning will play the budding writer.) The script aims to tell of

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- Borys Kit

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Vin Diesel Recorded Dialogue In Six Languages for 'Guardians of the Galaxy' (Video)

3 hours ago

Vin Diesel’s role as Groot in Marvel’s Guardians of the Galaxy may only consist of three words, but that doesn’t mean that he’s taking it easy. In fact, to prepare for the international launch of the movie, he’s dubbed his own dialogue for the Brazilian Portuguese, Latin American Spanish, Mandarin Chinese, Russian and French versions. Marvel released footage of the Fast and Furious and Riddick actor recording the new variations of his declaring that he is, indeed, Groot, noting that the sessions took place recently in Los Angeles during post-production for the James Gunn-directed movie, with were “intended

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- Graeme McMillan

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How CBS Scored Stephen Colbert's 'Late Show' a $16 Million Tax Break

3 hours ago

A version of this article first appeared in the Aug. 8 issue of The Hollywood Reporter magazine. Like most networks and studios, CBS reaps millions of dollars in tax breaks from New York State each year that help lure TV and movie shoots. But the network seems to have broken new ground with a $16 million package revealed July 23 for The Late Show -- which already calls New York's theater district home -- when Stephen Colbert takes over as host in 2015. When Colbert was hired, New York Gov. Andrew Cuomo approached CBS chief Leslie Moonves to see what it would

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- Alex Ben Block

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Summit Knocks 'Twilight' Money Lawsuit Out of U.S. Court (Exclusive)

4 hours ago

Less than four months after the lawsuit commenced, Summit Distribution has gotten a California judge to dismiss claims that it cheated U.K. movie distributor and financier Goldcrest Film Distribution III Limited of money from the highly profitable 2008 movie Twilight. Goldcrest claimed in its lawsuit that Summit had used "deceptive accounting practices" and had "systematically understate[d] revenues and overstate[d] its costs" on the picture. Among the plaintiff's allegations was that Summit had "secretly" used $6 million of revenue to pay retroactive bonuses to stars Kristen Stewart, Robert Pattinson, screenwriter Melissa Rosenberg and novelist Stephanie Meyer, possibly to secure their

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- Eriq Gardner

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'Scandal' Books 'The McCarthys' Star for Season 4 (Exclusive)

4 hours ago

Scandal's fourth season is beginning to take shape. The McCarthys star Kelen Coleman has booked a guest role on ABC's red-hot political thriller, The Hollywood Reporter has learned. Photos On-Set With the Gladiators: Inside the Fast-Paced World of ABC's 'Scandal' Details on Coleman's role are being kept under wraps but sources tell THR that she will appear in the season four premiere. It's unclear just whom her character has ties to and whether or not she's connected to Portia de Rossi, who recently booked a top secret arc on the Kerry Washington starrer. Coleman's credits include CBS' upcoming family

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- Lesley Goldberg

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Amazon Studios Head Roy Price on Competing With Netflix, Xbox Studios' Demise (Q&A)

4 hours ago

A version of this story first appeared in the Aug. 8 issue of The Hollywood Reporter magazine. Roy Price comes from a long line of Hollywood executives. His father, Frank Price, was president of Universal Pictures in the 1980s and his grandfather, Roy Huggins, co-created The Rockford Files. "We would watch dailies sometimes at home on Sunday night," he says. "You had to have a projector and a projectionist come over to your house to turn it on." Now, nearly 10 years after Price moved from Los Angeles to Seattle to help Amazon.com launch its own

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- Natalie Jarvey

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'Step Up: All In,' 'Battlestar Galactica' Actresses to Star in Indie 'ToY' (Exclusive)

4 hours ago

Step Up: All In actress Briana Evigan and Battlestar Galactica's Kerry Norton will star in indie drama ToY. The project, which is shooting in Los Angeles, centers on two women from disparate backgrounds who find each other amid the desperation and glamor of Los Angeles, forging an unlikely relationship that spirals into tragic chaos. Evignan will play the lead role of a troubled artist while Norton will play her lover and a prostitute nearing the end of her career. Patrick Chapman (Phin) will direct from a screenplay he wrote with Andrew Hanson and Alissa Kokkins. Photos The Best (and Worst)

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- Rebecca Ford

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Box Office: 'Guardians of the Galaxy' Top August Pre-Seller in Fandango History

4 hours ago

James Gunn's Guardians of the Galaxy has become the top August pre-seller in Fandango history, easily out-pacing The Bourne Ultimatum, which debuted to a record-breaking $69.2 million in 2007. Galaxy, which begins rolling out in theaters Thursday night, would appear to have a shot at crossing $70 million in its North American debut and stealing the crown from Bourne Ultimatum to score the top August debut of all time, although pre-release tracking services have the tentpole at $65 million. From Marvel Studios and Disney, Fandango reports that Guardians is also the year's top pre-seller

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- Pamela McClintock

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Lionsgate Acquires Stephenie Meyer-Produced Ya Adaptation 'Down a Dark Hall'

5 hours ago

Lionsgate is going Down a Dark Hall. The studio will adapt Lois Duncan's 1974 young-adult novel for the big screen, with Twilight author Stephenie Meyer producing. Rodrigo Cortés is set to direct. Photos Teenage Dreams: The Most Popular Ya Properties Adapted for TV and Film Meyer and Meghan Hibbett, who will also produce, optioned the supernatural novel through their Fickle Fish Films last year. It follows Kit Gordy, a new student at the exclusive Blackwood Boarding School who confronts the school's supernatural occurrences and dark powers of its headmistress. Michael Goldbach was brought on by Meyer and Hibbett to write the original

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- Austin Siegemund-Broka

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Hacking: One Former 'News of the World' Journalist Charged, Another One Set to Be Charged

5 hours ago

London – One former News of the World journalists has been charged with being part of a phone hacking conspiracy and another one is set to be charged. Britain's Crown Prosecution Service (Cps) said Wednesday that Neil Wallis, the shuttered tabloid's former deputy editor, and Jules Stenson, the former features editor, would face the charges in court in late August. Former News of the World editor Andy Coulson was recently sentenced to 18 months in jail for conspiring to hack phones. The tabloid was part of the U.K. arm of Rupert Murdoch's News Corp. "The Cps has authorized the

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- Georg Szalai

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'Guardians of the Galaxy': Chris Pratt, Vin Diesel Salute Their Own Heroes at NYC Screening

5 hours ago

Chris Pratt might play an intergalactic superhero on big screen, but while at SoHo's Crosby Street Hotel on Monday, the Guardians of the Galaxy star was quick to acknowledge who the real heroes are on Planet Earth. "The men and women in the armed forces, special forces, military people," Pratt told The Hollywood Reporter at a special New York City screening of Guardians, presented by The Cinema Society with Men's Fitness and Fiji Water. "They sacrifice themselves on a daily basis for our freedom and to keep us safe, and that's pretty damn heroic." Photos 'Guardians of the Galaxy' Screening:

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- Tatiana Siegel, Ashley Lee

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TNT Renews Dick Wolf's 'Cold Justice' for Third Season (Exclusive)

5 hours ago

TNT is sticking with Cold Justice. The Turner-owned cable network has picked up a third season of the unscripted series from exec producer Dick Wolf, The Hollywood Reporter has learned. The true crime docu-drama will return with another batch of 10 episodes in early 2015, featuring both new states and types of cases that haven't yet been depicted on the series. The episodic order is up from the eight of season one and on par with the initial order for its current sophomore run, which was later upped to 16. Photos Summer TV Preview Cold Justice, which follows

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- Lesley Goldberg

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DreamWorks Animation Stock Plunges; Hits 52-Week Low

5 hours ago

Shares of DreamWorks Animation were tanking on Wednesday, down as much as 14 percent and touching a new 52-week low as investors shed the stock en masse after the movie company posted poor quarterly earnings a day before and disclosed a regulatory investigation into a write-down taken about five months earlier. The animation studio was also hit Tuesday with multiple threats of class-action lawsuits, which is par for the course nowadays when a stock makes a dramatic plunge. Law firms on Wednesday were referring to the $13.5 million write-down that DreamWorks Animation took in February after

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- Paul Bond

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