U.S. customs officials began closing Web sites that offer pirated movies, fulfilling a promise to crack down on illegal downloads that Hollywood executives say cost the U.S. economy more than $20 billion a year.
While Barnes & Noble Inc. Chief Executive Officer William Lynch describes Apple Inc.’s iPad as a great product, even a “juggernaut,” he also has a few criticisms. Mainly that it’s expensive and weighs too much.
Walt Disney Co. agreed to buy George Lucas’s Lucasfilm Ltd. for $4.05 billion, pressing Chief Executive Officer Robert Iger’s $15 billion bet on creative franchises by adding “Star Wars” and “Indiana Jones.”
Walt Disney Co. will cut about 200 jobs at its film division, or 5 percent of the workforce, said two people with knowledge of the plans, as the company realigns distribution and relies more on production from Marvel and Steven Spielberg ’s DreamWorks Studios.
“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.”