Business Archives

Kevin Smith’s Smodcast Cinemas is Struggling

AlexGherzo | Jan 7, 2024 | 2

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...

Disney Reinstates Stockholders Dividends

virginiakublawi | Nov 30, 2023 | 0

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...

Disney Expands Board to 13

virginiakublawi | Nov 29, 2023 | 0

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...

Bob Iger Talks About Disney and Marvel Problems

AlexGherzo | Nov 29, 2023 | 0

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...

Looney Tunes Movie Coyote vs. Acme Canceled, Then Revived

AlexGherzo | Nov 13, 2023 | 0

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...

Nobody Saw The Marvels – Not Even Women

AlexGherzo | Nov 12, 2023 | 0

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...