Rich Ross News
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Rich Ross, the former head of Walt Disney Co.’s film studios, was named chief executive officer of Shine America, a TV production unit of News Corp. overseen by Rupert Murdoch’s daughter Elisabeth.
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Rich Ross, chairman of Walt Disney Co.’s film unit, resigned following the company’s $200 million loss on the science-fiction picture “John Carter,” possibly the biggest ever for a single movie.
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Walt Disney Co. Chief Executive Officer Robert Iger’s franchise-focused movie strategy will survive the downfall of the company’s movie chief even after “John Carter” lost $200 million, analysts said.
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Walt Disney Co. named former Warner Bros. Entertainment President Alan Horn as chairman of its film operation, replacing Rich Ross, who stepped down in April after the studio’s “John Carter” picture bombed with audiences.
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“Marvel’s The Avengers” crushed U.S. box-office records with $207.4 million in weekend ticket sales, opening the summer movie season with a huge win for Walt Disney Co. following the mega-flop “John Carter.”
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Walt Disney Co., the world’s largest entertainment company, posted better than expected third-quarter profit, buoyed by the film hit “Marvel’s The Avengers.” Revenue fell short of analysts’ estimates.
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Walt Disney Co., after losing $200 million on the sci-fi film “John Carter,” is mounting a superhero-style marketing campaign to ensure its next big-budget movie, “Marvel’s The Avengers,” is a blockbuster.
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Walt Disney Co. named MT Carney president of marketing for its film studio, where she will oversee global advertising and distribution.
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Walt Disney Co. Chairman and Chief Executive Robert Iger said Marvel Entertainment’s value “far exceeds” the $4.2 billion paid for the business after its latest film set a box-office record.
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Walt Disney Co.’s “Marvel’s The Avengers” broke opening-day records in four overseas markets, an indication the studio has a hit.
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