http://www.nydailynews.com/entertainment/movies/rich-ross-steps-walt-disney-studios-chairman-avengers-weeks-release-article-1.1064912
Many were surprised this week when Rich Ross stepped down from his role as Chairman of Walt Disney Studios, especially given that the movie "The Avengers" is to be released in about two weeks time. This movie, featuring Iron Man, Thor, and Captain America is supposed to be a major hit for the company and is estimated to make about 150 million dollars just on opening weekend. Rich Ross just suffered the embarassment of the major let down down movie, "John Carter," which cost the company about 200 million dollars from its failure. Bob Iger, the CEO of Disney, proclaims still that Ross was an excellent man for the company, but was just uncomfortable in the role of being resposible for the money the company makes and loses on its movies. Rich Ross has worked for Disney for decades, and helped bring popular shows to Disney Channel, like "Hannah Montana," helping along the careers of Miley Cyrus and other actors and actresses like Selena Gomez and also the Jonas Brothers. His time of departure from the company is a surprising one, and maybe more information will come to light in the next few weeks
I mostly chose this article because I love Disney, but I'm also really excited to see the movie "The Avengers." I loved the "Iron Man" movies, and especially love Robert Downey Jr. The article was well-written, and left me wondering with Ross actually did step down right before this huge success that's slated occur. I'm curious if there's more to the story. I did enjoy the article, mostly because I just did a project on Pixar for english and recognize some of the names from Disney, like Bob Iger.
Sunday, April 22, 2012
Current Event #1
http://www.variety.com/article/VR1118052902?refCatId=13
This summer, Hollywood will face many international market challenges with its summer releases, which are predicted to make billions of dollars globally. This summer the producing companies will have to dodge around summer events like the Euro Cup the Summer Olympics, which take up a good portion of time and attention during the summer months, taking away from the time people spend going to see movies globally. There are many big title movies scheduled to come out this summer, including "The Dark Knight Rises," "The Amazing Spider-Man," "The Avengers," and "Bourne Legacy," as well as several lesser-grossing films like "The Dictator," "G.I. Joe: Retalliation," and "Madagascar 3: Europe's Most Wanted." Some other animated films like "Brave" and the next installment of "The Ice Age" are also set to come out internationally, especially during the breaks of international schools. China has begun to become a big spender on the movies Hollywood shows internationally, especially with the recently released "Hunger Games." However, as China and Russia also begin to expand their markets, the European countries are getting tougher and tougher to add to the market, especially France and Germany who are focusing more on their home-grown movies. China may also be imposing a blackout month in July to support its local film producers, which could be harmful for Hollywood's films.
I chose this article because I love going to see movies, and I love to know which movies are coming out for the summer. The article was interesting because I don't know much about the internation market for our own Hollywood movies, and I've never thought about how other entertainment programs like the Eurocup or the Olympics take away from the movie business. The article was pretty well written, and gave a lot of information that I didn't already know. I just recently went to the midnight premier of "Hunger Games," which I thought was really well done. I'm super excited to see some of the movies coming out this summer, especially "The Dark Knight Rises."
This summer, Hollywood will face many international market challenges with its summer releases, which are predicted to make billions of dollars globally. This summer the producing companies will have to dodge around summer events like the Euro Cup the Summer Olympics, which take up a good portion of time and attention during the summer months, taking away from the time people spend going to see movies globally. There are many big title movies scheduled to come out this summer, including "The Dark Knight Rises," "The Amazing Spider-Man," "The Avengers," and "Bourne Legacy," as well as several lesser-grossing films like "The Dictator," "G.I. Joe: Retalliation," and "Madagascar 3: Europe's Most Wanted." Some other animated films like "Brave" and the next installment of "The Ice Age" are also set to come out internationally, especially during the breaks of international schools. China has begun to become a big spender on the movies Hollywood shows internationally, especially with the recently released "Hunger Games." However, as China and Russia also begin to expand their markets, the European countries are getting tougher and tougher to add to the market, especially France and Germany who are focusing more on their home-grown movies. China may also be imposing a blackout month in July to support its local film producers, which could be harmful for Hollywood's films.
I chose this article because I love going to see movies, and I love to know which movies are coming out for the summer. The article was interesting because I don't know much about the internation market for our own Hollywood movies, and I've never thought about how other entertainment programs like the Eurocup or the Olympics take away from the movie business. The article was pretty well written, and gave a lot of information that I didn't already know. I just recently went to the midnight premier of "Hunger Games," which I thought was really well done. I'm super excited to see some of the movies coming out this summer, especially "The Dark Knight Rises."