Universal Pictures’ “Despicable Me 2” set box-office records in its debut over the July 4 holiday weekend, while Walt Disney Co.’s “The Lone Ranger” bombed, failing to match even last year’s megaflop “John Carter.”
Two of Liberty Media Corp.’s tracking stocks rose after the company moved to simplify its complex financial structure by announcing plans to turn its largest unit, Liberty Interactive , into an asset-backed stock.
Solid reviews and Internet buzz are lifting box-office forecasts for “Pacific Rim,” the first big solo project by producer Thomas Tull, who is trying to build an independent studio with its own cast of monsters and heroes.
“Despicable Me 2” fought off two new releases, including science-fiction film “Pacific Rim,” to finish first at the box office in U.S. and Canadian theaters for a second straight weekend with $43.9 million in sales.
Netflix, the video-rental service grappling with a user revolt, reports results today that will show the extent of third-quarter subscriber losses and may offer clues to its progress in limiting defections this period.