Latest Movie industry News

Disney closes $71B deal for Fox entertainment assets

Mar. 20, 2019 11:10 AM EDT

Disney has closed its $71 billion acquisition of Fox's entertainment business, putting "Cinderella," ''The Simpsons," ''Star Wars" and "Dr. Strange" under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney...

What Disney gets as its $71.3B buy of Fox assets closes

Mar. 20, 2019 12:37 AM EDT

It's finally complete. Disney closed its $71 billion acquisition of Fox's entertainment assets on Wednesday, more than a year after the mega merger was proposed . Disney gets far ranging properties ranging from Fox's film studios, including "Avatar" and X-Men, to its TV productions such as "The Simpsons" and...

In end of 20th Century Fox, a new era dawns for Hollywood

Mar. 19, 2019 6:07 PM EDT

NEW YORK (AP) — The Fox Studio backlot, first built in 1926 on a Century City ranch in Los Angeles, was enormous. Before much of it was sold off in the 1960s, it was four times the size of its current, and still huge, 53 acres. Shirley Temple's bungalow still sits on the lot, as does the piano where John...

Warner Bros.' chief Tsujihara steps down following scandal

Mar. 18, 2019 3:36 PM EDT

NEW YORK (AP) — Warner Bros. chief Kevin Tsujihara, one of the highest ranking Hollywood executives to be felled by sexual misconduct allegations, stepped down from the studio Monday following claims that he promised roles to an actress with whom he was having an affair. WarnerMedia chief executive John...

Speaker: New Mexico House to vote on film rebate increase

Mar. 14, 2019 4:57 PM EDT

SANTA FE, N.M. (AP) — New Mexico House Speaker Brian Egolf says he expects the House to pass a measure to double the annual rebate cap to the film industry. Egolf said the proposal is scheduled to be heard in a House committee and should come before the full House late Thursday. By a 32-8 vote on Tuesday,...

New Mexico Senate endorses more subsidies to film industry

Mar. 13, 2019 12:19 AM EDT

SANTA FE, N.M. (AP) — The state Senate has endorsed a bill that would more than double New Mexico's annual payout to the film industry through tax rebates and address a backlog in payments. By a 32-8 vote on Tuesday, the Senate endorsed a bill that would increase the annual rebate cap from $50 million to...

Warner Bros. chair being investigated for sexual misconduct

Mar. 6, 2019 11:40 PM EST

LOS ANGELES (AP) — WarnerMedia is investigating claims that Warner Bros. chairman and CEO Kevin Tsujihara promised acting roles in exchange for sex as detailed in The Hollywood Reporter Wednesday. The article includes text messages between British actress Charlotte Kirk and Tsujihara going back to 2013...

Hello Kitty to make her big screen debut

Mar. 6, 2019 1:28 AM EST

NEW YORK (AP) — Hello Kitty might not have a mouth but she's got a movie deal. Warner Bros.' New Line Cinema announced Tuesday that it has acquired film rights to Hello Kitty from the Japanese corporation Sanrio. The 45-year-old iconic feline has never been turned into a movie despite its merchandising...

Spielberg's push against Netflix at the Oscars hits a nerve

Mar. 4, 2019 6:04 PM EST

LOS ANGELES (AP) — When Steven Spielberg speaks about the business of Hollywood, everyone generally listens and few dissent. But reports that he intends to support rule changes that could block Netflix from Oscars-eligibility have provoked a heated, and unwieldy, debate online this weekend. It has found...

Chicago film, TV production had a $474 million year in 2018

Feb. 28, 2019 7:48 PM EST

CHICAGO (AP) — State and local officials say film, television and media production activities in Chicago remains strong. The Chicago Film Office announced Thursday more than $474 million were spent locally last year to produce more than 500 projects. That compares to $499 million spent in 2016. Illinois...