Tag: Business
Kevin Smith’s Smodcast Cinemas is Struggling
In 2022, Kevin Smith and some friends bought Atlantic Cinemas, a movie theater in Atlantic Highlands near Smith’s hometown of Red Bank, New Jersey. The idea was to preserve a treasure of his youth, and since rechristening it Smodcastle Cinemas, Smith has played classic movies – along with some o...
Read MoreDisney Reinstates Stockholders Dividends
According to The Hollywood Reporter, Disney will resume paying dividends to its stockholders following a three-year freeze instituted due to COVID. They will pay out $0.30 per share as of December 11, 2023, compared to the $0.88 they were giving out prior to COVID. The payments will begin in January...
Read MoreDisney Expands Board to 13
Disney’s board of directors is expanding in the new year, with Morgan Stanley CEO James Gorman joining beginning February 5th and former Sky chief Jeremy Darroch on January 9th. In addition, former president and CEO of Illumina Francis A. deSouza won’t stand for reelection at Disney’s annual m...
Read MoreBob Iger Talks About Disney and Marvel Problems
At the New York Times’ DealBook Summit earlier today (via CNBC), Bob Iger talked about Disney’s recent failures and what caused them, and his scapegoats probably won’t surprise you. They’re a mix of streaming, the pandemic, Bob Chapek, and executives not exerting enough control over film pr...
Read MoreLooney Tunes Movie Coyote vs. Acme Canceled, Then Revived
Hollywood has gotten so weird that movies are blinking in and out of existence. Recently, Warner Bros. Discovery decided to shelve a part live-action, part animated film called Coyote vs. Acme, which would feature Looney Tunes character Wile E. Coyote, nemesis of the Roadrunner, as he sued the Acm...
Read MoreNobody Saw The Marvels – Not Even Women
The Marvels did what everyone expected it to do and bombed. In its opening weekend, the latest Marvel Cinematic Universe film debuted with $47 million domestically and $110.3 million internationally. This is the lowest opening weekend take for an MCU movie, underperforming The Incredible Hulk’s...
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