Michael White News
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The action film “Pain & Gain” opened as the top film at theaters in the U.S. and Canada, taking in $20 million for Paramount Pictures as studios looked ahead to the start of the summer movie season.
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Director Quentin Tarantino’s “Django Unchained” will open in China on May 12, about a month after the picture was pulled from theaters without explanation, distributor Sony Pictures Entertainment said.
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The three largest U.S. cinema chains reached agreements to show Walt Disney Co.’s “Iron Man 3,” settling a revenue-sharing dispute that threatened the first big film of the summer movie season.
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Coinstar Inc., owner of the Redbox DVD rental machines, gained the most in three months after efforts to squeeze more from its kiosks fueled quarterly profit that beat analysts’ estimates and the company said it plans to change its name to Outerwall Inc.
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Regal Entertainment Group, the largest U.S. cinema chain, reached a revenue-sharing agreement with Walt Disney Co., clearing the way for its theaters to show “Iron Man 3.”
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AMC Entertainment Holdings Inc., the second-largest U.S. cinema chain, settled a revenue-sharing dispute with Walt Disney Co. over “Iron Man 3,” leaving two big U.S. chains in a stalemate over the first big summer movie.
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Sales of gold coins by the U.S. Mint are heading for the highest level since December 2009 after prices in New York had the worst two-day slump in three decades.
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Walt Disney Co. won approval to release “Iron Man 3” in China on May 3, offering a separate version aimed at enhancing the film’s appeal in the world’s second-largest movie market.
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The U.S. Mint ran out of its smallest American Eagle gold coin after demand surged following the biggest drop in futures in three decades.
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“Oblivion,” the Tom Cruise science-fiction tale, opened as the top weekend movie at theaters in the U.S. and Canada, taking in $38.2 million for distributor Universal Pictures.
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