Still trying to salvage what is left of the one-time German minimajor, cash-strapped film group Kinowelt has sold off an 8% stake in Marburg-based video-on-demand company Media(netCom) for $3 million.
Video-on-demand service Intertainer has received $15 million in funding from Thomson Consumer Electronics and Microsoft, in the fifth round of financing for the Culver City, Calif.-based company.
It's said that patience pays off, and for Slamdance co-founder Dan Mirvish his eight years of waiting are over: "Omaha (the Movie)" -- his $38,000 film that was the catalyst for creating Slamdance…
Domestic Film DAILY
PROVIDED BY: Box Office
Teenage Mutant Ninja Turtles
Teenage Mutant Ninja Turtles1Daily:$7.6M Cumulative:$79.8M Paramount Pictures 13.49%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$6.6M Cumulative:$188.5M Disney 23.68%
Into the Storm
Into the Storm3Daily:$2.1M Cumulative:$21.1M Warner Brothers / New Line 21.06%
Intertainer has upped Chris Dorr to senior VP of programming at the broadband-based video-on-demand company.
In Demand has entered into an agreement with DreamWorks for video-on-demand (VOD) rights to 2001 pics and certain library titles. Company also has extended its pay-per-view deal with the studio.
Universal Studios Home Video broke away from the starting grid in 2002 at the same pace it ended 2001, with last summer's breakout hit "The Fast and the Furious" selling so fast that it is leaving…
The good news for the video industry in 2001 is that DVD sales doubled, DVD rentals tripled and overall consumer spending on video was up 21% from 2000.
In 1999, acclaimed musicvideo helmer Spike Jonze scored big with his debut feature "Being John Malkovich." Since then, the arthouse business has opened its arms to directors with similar pedigrees…
Twentieth Century Fox Home Entertainment's dual-disk release of "Moulin Rouge" is a knockout. Most current DVDs offer a few extras that help sell the title to consumers; they're the video equivalent…
British video sales rose 18% to 122.4 million units in 2001, powered by the DVD boom.