Sony Pictures Entertainments operating income for the full fiscal year ended March 31 fell 4 percent to $774 million from $808 million in dollar terms for the comparable period a year before, with FY sales dipping 4 percent to $9.899 billion from $10.315 billion. In the fiscal fourth quarter, SPE saw income increase over the previous quarter, rising over 70...

Jordan has unveiled an enhanced financial incentives program for film and TV productions early on Wednesday during the Cannes Film Festival. The Royal Film Commission Jordan said its new cash rebate will cover 25-45 percent of the in-country spend for qualifying film and TV projects, compared to the 25 percent cap so far. The exact percentage is determined by a...

Last week, Broadway grosses for the season-to-date surpassed 2018-2019s record season-to-date box office for the first time. Total industry box office hit $1.8 billion for the season, propelled by hits such as Good Night, and Good Luck, starring George Clooney, which was last weeks highest earner, with $3.8 million, followed by Othello, starring Denzel Washington and Jake Gyllenhaal, with $3.2...

Rams owner Stan Kroenke is looking to step into Hollywood, with the construction of a studio and production facility. Hollywood Park Studios will initially serve as the temporary hub for broadcasters that have acquired the rights to cover the 2028 Olympics, Kroenkes company announced Tuesday. After the summer games, it will be made available for film and TV production as...

CAA Sports has acquired the international sports management firm Portas Consulting to bolster its strategy advice and services for its sports world clients. Terms of the deal were not disclosed, but the sports division of Creative Artists Agency will bring on board Portas Consulting executive chairman and founderDavid Portas, managing partnerDonal McElweeand around 160 staffers to join a rebranded CAA...

Look whats growing in the Garden State. The Hollywood Reporter was on-site Tuesday morning when Netflix broke ground on its new east coast home, Netflix Studios Fort Monmouth in central New Jersey. (Yes, there is a central New Jersey.) The gigantic renovation project, in which Netflix will turn a long-abandoned U.S. Army base into a dozen soundstages, a backlot, state-of-the-art...

Airbnb co-founder and CEO Brian Chesky had a problem that he wanted to solve. When the company launched in 2008, it did so with a straightforward proposition: Rent your house, or a room in your house, to change how people travel the world. But that was always a starting point. I remember thinking, I dont think we have monetized peoples...

The producers and distributor behind Together have been sued for allegedly stealing the idea for the upcoming body horror romance and surprise Sundance Film Festival hit. In a lawsuit filed on Tuesday in Los Angeles Superior Court, StudioFest claims Dave Franco and Alison Brie turned down an offer for them to star in Better Half, a 2023 movie it financed...

The prominent audio library Pro Sound Effects has entered into an agreement with Musical AI to license some of its materials for AI training. Under the terms of the deal, announced Tuesday, Pro Sound Effects will give Musical AI access to certain recordings from its vast catalog to be used for AI training, with the library able to consent to...

TelevisaUnivision plans to lean into new formats and areas of cultural conversation, as the Spanish-language media giant seeks to stand out in a crowded upfront marketplace. That will include the addition of 24/7 reality formats, where viewers can watch the goings-on at any time in addition to regular episodes, a slew of music programming (and an entirely new live music...

For years, theres been a spike in moviegoing on Tuesdays, when it can cost half as much to take a trip to thousands of cinemas across the country. AMC Theatres the countrys largest exhibitor upped the ante in a major way on Monday when extending the discount to Wednesdays for members of AMC Stubs program, which is free to join...

Major Hollywood studios and unions have partnered with special ambassador Jon Voight to ask that Pres. Donald Trump consider backing their bid for further tax incentives for film and television productions. In a letter to the president on Monday, Voight and a lengthy list of industry organizations including the Motion Picture Association, producers groups and top industry labor organizations called...

New Line Cinema has filed an arbitration claim against Kevin Costners company under which Horizon was produced over alleged breaches to a deal for the period Western, The Hollywood Reporter has learned. Horizon Series, Costners loan-out firm, is in a standoff with New Line over its cofinancing agreement, a source says. After City National Bank initiated arbitration proceedings against both...