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Read preview"National Lampoon's Animal House" is one of the greatest comedies ever. Despite the movie's now classic status, studio execs didn't have much faith in "Animal House" at the time. Sutherland wanted more cash upfront rather than a stake in the profitsSimmons said the studio wanted a star but "wouldn't pay for a star." Sutherland once said he'd rather not know how much his "Animal House" blunder actually cost him. 'Animal House' was an animal at the box office.
Persons: , Donald Sutherland, Matty Simmons, Ned Tanen, I'd, Tanen, John Belushi wasn't, John Landis, Sutherland, Landis, Simmons, Sutherland's, he'd, Arnold Jerocki, Dave Jennings, Opie, Anthony, Sutherland smirked Organizations: Service, Business, Universal Studios, Universal Locations: Hollywood
A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, wants to change that. For almost twenty years, researchers and nonprofits have warned about the negative consequences of starving nonprofits of general operating expenses, also known as overhead. In part by emphasizing efficiency, those donors continue to pressure nonprofits to decrease their standing costs, using a slightly different vocabulary. Similarly, more donors understand the value of granting unearmarked funds, which allow nonprofits to change plans or simply to invest in their staff or improve their infrastructure or technology. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.
Persons: Izzy Smith, ” Smith, Isaiah, Stephen Gyllenhaal, Dan Pallotta, Pallotta, Darren Walker, ” Pallotta, , , Michael Thatcher, ” Elizabeth Organizations: Ford Foundation, Urban Institute, Candid, Navigator, Alliance, University of Texas, Associated, Lilly Endowment Inc, AP Locations: The Massachusetts, Dallas
[1/2] Graffiti artist 'Maupal' known for having painted murals depicting Pope Francis as Superman poses for a photo outside his apartment near the Vatican two days before the 10th anniversary of Pope Francis' election to papacy in Rome, Italy, March 11, 2023. REUTERS/Guglielmo MangiapaneROME, March 13 (Reuters) - For Italian street artist Maurizio Pallotta, Pope Francis, who marked his 10th anniversary as pontiff on Monday, is a superhero. Another of his murals depicts the pope as a street artist painting peace signs on a wall while a Swiss Guard is watching out for the police. Francis laughed when he saw one which depicts the pope as an agile window washer wiping away atmospheric pollution in a big city. "I am a bit too fat to be able to do stuff like that," Pallotta quoted the pope as saying.
“It goes without saying that I’m extremely protective of my fans,” Swift wrote on Instagram in November. The mergerCriticism of Ticketmaster’s dominance dates back decades, but the Swift ticketing incident has once again turned that issue into a dinner table discussion at many households. Concert promoter Live Nation and ticketing company Ticketmaster, two of the largest companies in the concert business, announced their merger in 2009. ‘Customers are the ones that pay the price’While irate fans were left scrambling to wade through the Swift ticket confusion, their collective anger caught lawmakers’ attention. To me, what happened with the Swift concert tickets was not necessarily the result of Ticketmaster being the dominant player in the industry,” he said.
More than two dozen Taylor Swift fans are suing Ticketmaster parent Live Nation Entertainment, Inc. for “unlawful conduct” in the pop star’s chaotic tour sale, claiming the ticketing giant violated antitrust laws, among others. The lawsuit, filed in a California court on Friday, alleges Ticketmaster and its parent company were anti-competitive, imposing higher prices on fans in the presale, sale and resale market. The lawsuit also claimed that since Ticketmaster has agreements with the large stadiums in the tour, Swift “has no choice” but to work with Ticketmaster due to the size of her fan base. It also alleges that Ticketmaster profits off the resale of tickets in the secondary market by adding a service fee to its fan-to-fan exchange. Pre-sale tickets for “The Eras Tour” frustrated Swift fans across the country in a debacle that stayed in the headlines for weeks.
New York CNN Business —Bob Iger has a lot on his to do list in his second round as Disney’s CEO. Finding the next Bob Iger. Josh D’AmaroLet’s start with Josh D’Amaro, chairman of Disney’s Parks, Experiences and Products, who took over that role from Chapek when he became CEO. Jimmy Pitaro & Dana WaldenThere also are two executives from Disney’s TV side: Jimmy Pitaro, chairman of ESPN and Sports Content, and Dana Walden, chairman of Disney General Entertainment Content. The next Bob IgerIs it even possible to replace Bob Iger?
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New York CNN Business —Thanksgiving weekend has historically offered a cornucopia of films, letting moviegoers get out of the house and kick back after eating copious amounts of turkey, mashed potatoes and pie. The North American box office has few new films this weekend that are likely to draw tons of moviegoers. Another Disney film, Marvel’s “Black Panther: Wakanda Forever,” is now in its second week and is set to win the holiday weekend with around $40 million domestically. For example, films like “Creed,” “Moana,” and “Knives Out” opened on Thanksgiving weekends and did well. As for Thanksgiving, Dergarabedian hopes that as the theater industry normalizes, the holiday will make a comeback.
New York CNN Business —Bob Iger, who shocked the media world when he returned as CEO of Disney on Sunday, will once again be among the highest-paid executives in Hollywood. Iger will earn a $1 million base salary as he takes over Disney (DIS), according to a company filing with Securities and Exchange Commission. Disney’s streaming business lost $1.5 billion in the fourth quarter. On Monday, Iger made his first moves as CEO by reorganizing Disney’s content distribution structure. The CEO said in a memo to employees that Kareem Daniel, the chairman of Disney’s Media and Entertainment Distribution unit, will be leaving the company.
Disney’s tale of two Bobs
  + stars: | 2022-11-21 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
This was a big surprise Sunday night, for a few reasons:1) Iger has previously dismissed the idea of going back to Disney. Then, he kept going: Iger’s Disney acquired Lucasfilm, home of the Star Wars franchise, for a little over $4 billion. Disney shares surged 9% Monday morning, reflecting investors’ hopes that Iger will swoop in and work his magic. The Trump news was no surprise — even before buying Twitter, Musk made clear he would reinstate Trump and rethink the site’s content-moderation policies. And if Musk’s strategy is to stoke controversy, he’s already brought out the big guns in letting Trump back on.
Now he’s saying “Goodbye, Disney (DIS).”Chapek’s rocky two-and-a-half year tenure at the head of the entertainment giant had a few wins. But Disney made the surprise announcement Sunday that its revered former CEO Bob Iger is making a return as the head of the company. Disney employees began staging walkouts, saying Chapek’s statements “utterly failed” to grasp the threat to LGBTQ communities. DeSantis quickly ripped Disney after Chapek’s public condemnation, calling the company a “woke corporation” with questionable business interests in China during a private event. Investors celebrated Iger’s return as CEO, sending Disney shares up nearly 7% Monday after dropping roughly 38% this year.
Can Bob Iger fix Disney?
  + stars: | 2022-11-21 | by ( Frank Pallotta | ) edition.cnn.com   time to read: +8 min
But If anyone can bring back the magic to the Walt Disney Company, the company believes Bob Iger may be uniquely qualified to do it. StreamingIn a shocking move, Bob Iger is returning as Disney's CEO. Disney’s streaming service — which includes ESPN+, Hulu and most importantly, Disney+ — had been the most vital part of the company’s vast media kingdom. In its statement reintroducing Iger as CEO, Disney said he was “uniquely situated to lead the company through this pivotal period.”Iger was instrumental in forming the modern Disney. With the media industry in turmoil, Disney hope Iger is up to the tall task of righting its ship.
Bob Iger named Disney CEO in shocking development
  + stars: | 2022-11-20 | by ( Frank Pallotta | ) edition.cnn.com   time to read: +1 min
CNN Business —In a move that shocked Hollywood, Bob Iger, one of the most notable CEOs in the history of the Walt Disney company, is returning to run the media empire. Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately. Iger has an almost mythical status as the leader of Disney. He spent 15 years as CEO and was instrumental in acquiring major brands like Marvel and Lucasfilm, the home to Star Wars. Iger also kicked off the streaming revolution at Disney with the creation of Disney+ in November 2019.
New York CNN Business —Ticketmaster apologized to Taylor Swift and her fans late Friday night after a ticketing debacle this week that made it difficult for consumers to buy tickets to the pop star’s new tour. “We want to apologize to Taylor and all of her fans — especially those who had a terrible experience trying to purchase tickets,” the ticketing site said in the blog post. “Once we get through that, if there are any next steps, updates will be shared accordingly,” it wrote. The mea culpa comes after Swift spoke out earlier on Friday about how the situation was “excruciating” for her to watch as it unfolded into chaos. Customers complained on social media about Ticketmaster not loading, saying the platform didn’t allow them to access tickets, even if they had a pre-sale code for verified fans.
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New York CNN Business —Taylor Swift fans were seeing red on Tuesday when Ticketmaster was overwhelmed by demand as pre-sales for the singer’s new tour went online. The delays had many fans believing they would never, ever, get tickets (…like ever). But tickets to the pop star’s “The Eras Tour” were available Wednesday via the resale market — with some priced at tens of thousands of dollars. Tickets for Swift’s show at MetLife Stadium in East Rutherford, New Jersey on May 26 are listed for as much as $21,600 each on ticket resale site StubHub. These sky-high prices aren’t just for shows at MetLife, which is right outside New York City.
New York CNN Business —Jeff Bezos may be adding NFL owner to his resume. The Amazon founder, along with Jay-Z, is in talks on a potential joint bid on the Washington Commanders, CNN reported earlier this month. The NFL fined the Commanders $10 million following an internal investigation by attorney Beth Wilkinson last year. Why would Bezos want to own the Commanders? The Commanders have won three Super Bowls (in 1983, 1988 and 1992) and is located in the giant Washington, DC, market.
New York CNN Business —“Black Panther: Wakanda Forever” had the major challenge of following “Black Panther,” one of the biggest blockbusters ever, and had to do so without star Chadwick Boseman, who passed away in 2020. Despite all of the challenges, “Wakanda Forever” notched a sizable box office opening this weekend. As for its critical reception, “Wakanda Forever” notched an 84% score on review site Rotten Tomatoes. “‘Black Panther: Wakanda Forever’ faced an inordinate degree of difficulty, addressing the tragic death of Chadwick Boseman,” Brian Lowry, CNN’s media critic, wrote in his review. The debut of “Wakanda Forever” will unlikely impact Disney’s stock since investors remain heavily focused on the company’s streaming endeavors.
If early projections and ticket sales are any indication, it appears “Wakanda Forever” will be just that. Why “Wakanda Forever” matters to theaters"Black Panther: Wakanda Forever" is set to be one of the biggest films of the year. “Every blockbuster counts more than ever for movie theaters right now.”Why does it matter how “Wakanda Forever” does this weekend? Why “Wakanda Forever” matters to Disney"Black Panther: Wakanda Forever" could break records this weekend. The performance of “Wakanda Forever” likely won’t move the needle on Disney’s stock, given that investors remain heavily focused on the company’s streaming endeavors.
Changes are coming to Wordle
  + stars: | 2022-11-09 | by ( Frank Pallotta | ) edition.cnn.com   time to read: +1 min
New York CNN Business —Changes are coming for Wordle … again. It will, instead, include words that the New York Times has chosen. Also changing: The answer will never be a plural that ends in “s” or “es.” However, you can guess plural words to help you eliminate possible words. What solvers choose to use as guess words is their private choice.”The Times bought Wordle for “low seven figures” earlier this year. It’s a part of the Times’ portfolio of online games that includes the Crossword and Spelling Bee.
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“Maverick” flew into theaters with lots of buzz and strong reviews, and that helped the movie blow past box office projections for its opening weekend. It brought in a Memorial Day weekend record of $160 million at the North American box office. “Maverick” is an old-school box office hit made for the biggest screen possible that emerged just as the industry’s future was very much in doubt. “The commercial reception of Tom Cruise’s legacy sequel was the summer movie miracle theaters needed,” Scott Mendelson, a box office reporter, wrote for Forbes. Climbing back up the mountain"We really felt, and Tom certainly agreed with the fact that we had a great big screen movie," Bakish said.
Former MoviePass executives face fraud charges
  + stars: | 2022-11-06 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +4 min
The men each face one count of securities fraud and three counts of wire fraud with a maximum of 20 years in prison. Farnsworth had a first appearance in DC District Court Friday after he voluntarily turned himself in. But MoviePass’ business model was at best unsustainable — and at worst nonexistent. Spikes helped found MoviePass before being pushed out in 2018 after selling the company to HMNY. Details remain scarce, but the company says the new MoviePass will have three pricing tiers that will cost $10, $20 or $30, depending on the market.
Rep. Josh Gottheimer is running against Republican Frank Pallotta in New Jersey's 5th Congressional District. The 5th District stretches through northern New Jersey. New Jersey's 5th Congressional District candidatesGottheimer, first elected in 2016, is vying for a fourth term in Washington, DC. He ran in the general election for New Jersey's 5th Congressional District in 2020, only to lose to Gottheimer, 45.6% to 53.2%. Voting history for New Jersey's 5th Congressional DistrictNew Jersey's 5th Congressional District stretches through northern New Jersey from Bergen County into some of the more rural areas on the state's western flank.
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