May 11, 2010
The Cannes Film Festival kicks off in France this week and our very own Michael Giltz and J. Sperling Reich are on the Croisette to cover all the news. When they’re not sharing a bed they’ll be seeing all the big movies and speaking with all the filmmakers.
Back in North America “Iron Man 2” opened to huge numbers, earning $128 million over the weekend, giving it the fifth biggest opening of all time. Meanwhile, the Washington Post is struggling with it’s own numbers. The media company has decided to put Newsweek magazine up for sale as its profit has declined 30%. On the other hand, their online property Slate.com has seen ad revenue increase 30%.
Another group looking to make money online are music publishers. They’re going after websites that publish music lyrics without permission. Even though song lyrics are copyrighted, how much money could there possibly be in such sites?
On television, 88-year-old actress Betty White continued her improbable comeback by scoring huge ratings when she hosted last week’s “Saturday Night Live”. Another actress making a comeback is Lindsay Lohan who was just cast in a porn film. . . sort of. She’ll be playing Linda Lovelace in a biopic about the porn star.