Time Warner CEO Jeff Bewkes just delivered the funniest line I’ve heard so far at the UBS Global Media and Communications Conference (a low bar, to be sure) as he talked up his company’s movie business. In addition to a slate that includes The Hobbit, Man Of Steel, and The Great Gatsby, he dryly says, “Hangover is coming back with a different plot. So it’s all good.” His optimism extends to the exhibition business in general, which he said at a lunch presentation is “pretty healthy” in the U.S. and several other countries. But Bewkes reiterated his concern about home video. “There’s a niche shift to rental, kiosk rental, that’s less profitable,” he says. A vigorous supporter of the entertainment industry’s UltraViolet streaming initiative, Bewkes says he hopes to “make ownership [of content] more easy and valuable, which we haven’t so far succeeded to do.…One way or another, in the long run, we think it’s a business that can grow, although it isn’t growing as fast as television.” As for the Warner Bros studio, Bewkes says that “even in the film side, which is supposed to be more variable, we’re been pretty steady.” He adds that the early feedback on The Hobbit is “very good.”
Time Warner CEO Lauds Movie Biz, Although Home Video Is “Pressured”: UBS ConfabBy DAVID LIEBERMAN, Executive Editor | Deadline.com – Tue, Dec 4, 2012 2:13 PM EST
Explore Related Content
News for You
- First Look: Jennifer Lawrence is Blue All Over as Mystique in 'X-Men: Days of Future Past'
Jennifer Lawrence has got the blues again, and she's enjoying it more this time around. "X-Men: Days of Future Past" director Bryan Singer took to his Twitter account today to post a pic of Lawrence in costume and make up … Continue reading →
- Eva Longoria Risks Another Wardrobe Malfunction in Sheer Black Dress With Plunging Neckline: Picture
A day after the actress skipped underwear and bared too much on the red carpet, she wore another eyebrow-raising black dress to an event in Cannes
- Original ‘Hangover’ Baby Back for Part 3
For the third and final chapter of the record-breaking R-rated “The Hangover” franchise, the original gang has been assembled for one last raucous romp. Zach Galifianakis, Bradley Cooper, Ed Helms, Ken Jeong, Heather Graham and even baby Tyler (or Carlos, … Continue reading →
- Marvel's Phase Three: A Robert Downey Jr.-Less 'Iron Man 4'?
As "Iron Man 3" continues to rake in the cash (it's surpassed the $1 billion mark worldwide and counting), everyone's abuzz about "Iron Man 4." Such an endeavor would seem like a no-brainer for Marvel, and the studio is completely … Continue reading →
- So Fetch! Lindsay Lohan's 'Mean Girls' Co-Star Wears 'Go To Jail Lindsay' T-Shirt
For the record, Jonathan Bennett, who played stud Aaron Samuels in the 2004 hit comedy "Mean Girls" opposite Lindsay Lohan's Cady Heron character, does not want his former co-star to go to jail. However, the comedic actor tried on a … Continue reading →