Friday, July 11, 2008
Wednesday, July 9, 2008
IT'S COMING
Many Movie Theaters Decide to Leave the Bat Signal on Till Dawn
LOS ANGELES — “The Dark Knight” just spilled over into early morning.
Trailers and Clips: 'The Dark Knight'In a frenzy, fans have bought so many late-night tickets for the July 18 opening of the next Batman movie that theaters in places like San Diego, Chicago, and even Eagan, Minn., are scheduling 6 a.m. screenings for those who can’t get in at midnight or 3 in the morning.
Movie theaters have sometimes opened their doors at odd hours for their most highly anticipated films, say, an entry in the “Star Wars” series, and midnight shows have become part of the summer blockbuster ritual.
But all-night sellouts far in advance of an opening have come only with the near ubiquity of online ticket sales. Fandango.com, for instance, reports well over 1,500 wee-hour showings for “The Dark Knight” in theaters that typically do not open their doors before about 10 a.m.
“The Dark Knight,” which stars Christian Bale as Batman, is directed by Christopher Nolan. It builds on his “Batman Begins,” which took in more than $200 million at the domestic box office for Warner Brothers after opening to a solid, but not spectacular, $49 million in domestic ticket sales in June 2005. The film also had strong sales on DVD.
This time much of the fan interest has been driven by word of a career-topping performance by Heath Ledger, the Australian actor who died in January. His louche interpretation of the Joker has already inspired Oscar talk.
“In the public mind, opening weekends have been eventized,” said Thomas Tull, the chairman of Legendary Pictures and an executive producer of “The Dark Knight.”
Increasingly, fans have paid certain movie openings — most recently that of “Sex and the City” — the attention once reserved for rock concerts, basketball games or the introduction of a hot product like the iPhone.
About 38 percent of ticket buyers polled by Fandango said in a recent survey that they intended to take some or all of July 18 off to see “The Dark Knight.”
While Sony Pictures opened “Hancock,” Will Smith’s somewhat arch take on superheroes, to a respectable $66 million last weekend (it has made more than $100 million to date), much of the audience had jumped ahead.
According to Movietickets.com, about one in four of the respondents to a survey of moviegoers under 25 polled between June 24 and June 28 said “The Dark Knight” was the next movie he or she expected to see in theaters.
Viewers seeking Imax screenings may have to wait. All of the first week’s showings at Lincoln Square are sold out, except for some 6 a.m. screenings, Whit Clay, an Imax spokesman, said.
Tuesday, July 8, 2008
Friday, July 4, 2008
Tuesday, July 1, 2008
Monday, June 30, 2008
Sunday, June 29, 2008
Tuesday, June 24, 2008
Wednesday, June 18, 2008
Memphis... We have a Problem
$900 Million for new Signs at Kinkos? WTF!!
FedEx Swings to Loss
Filed at 1:17 p.m. ET
MEMPHIS, Tenn. (AP) -- FedEx Corp. reported a fourth-quarter loss Wednesday and offered a gloomy outlook as it wrestles with a slumping U.S. economy beset by soaring fuel costs and falling prices for homes.
FedEx, considered a bellwether for the broader U.S. economy, predicted 2009 earnings of $4.75 to $5.25 per share, well below Wall Street expectations of $5.92 a share. The international package delivery company expects to earn 80 cents to $1 per share in the first-quarter of the current fiscal year. Analysts forecast $1.27 per share.
''Looking ahead to '09, we do expect conditions to remain extremely challenging and we anticipate in both the first quarter guidance and the yearly target the current economic weakness will continue and the current level of fuel costs will not mitigate,'' chief financial officer Alan Graf said in a conference call with market analysts.
FedEx posted a loss for the just-ended fourth period of 78 cents a share, or $241 million, compared with a profit of $610 million, or $1.96 per share, for the same quarter last year.
Excluding one-time charges, FedEx earned $1.45 per share for the fourth quarter. Revenue rose 8 percent to $9.87 billion from $9.15 billion a year earlier.
Analysts polled by Thomson Financial expected $1.47 per share on revenue of $9.6 billion.
FedEx, which owns the world's largest cargo airline, spend almost $1.4 billion on fuel in the fourth quarter and those costs represented 14 percent of total operating expenses, said Edward Jones analyst Dan Ortwerth.
FedEx customers pay fuel surcharges, but that does not cover all of the increases. The company's fuel costs for the quarter were 54 percent higher than for the same period last year, Ortwerth said, while the surcharges were up less than 30 percent.
''They don't try to recover the entire increase in fuel because that would really hurt the customer and they have the sense to invest in long-term customer relations,'' he said.
But higher costs for fuel mean higher prices for FedEx services.
''The prices have gotten high enough that people are looking for other ways to ship their goods,'' said Morgan Keegan analyst Art Hatfield.
The fuel surcharges, which are added to the company's basic shipping rates, were 28 percent for June and will increase to 32.5 percent in July, Hatfield said.
''So for every dollar you spend to move a product, you're spending an extra 32 and a half cents because of fuel,'' he said.
The generally sluggish economy, with high fuel cost adding to the troubles, also slows inventory and product shipping by business and industry.
''The weak U.S. economy, particularly in housing, in automotive and financial services, dampened volume growth and substantially affected our bottom line,'' FedEx chairman Frederick W. Smith said.
Smith said, however, that FedEx was confident it could weather the domestic economic troubles by holding down expenses, limiting capital spending and continuing to grow the company's international business.
Fourth-quarter earnings included a one-time charge of $891 million for the expected costs of renaming the company's office service and copying division from FedEx Kinko's to FedEx Office.
FedEx had predicted fourth-quarter earnings of $1.45 to $1.50 a share. That projection was lowered last month from earlier company guidance of $1.60 to $1.80 a share, due largely to rising fuel costs.
For 2008, FedEx reported earnings of $3.60 a share, down 44 percent from $6.48 the previous years. Yearly revenue was put at $38 billion, up 8 percent from $35.2 billion.
FedEx shares fell $2.50, or 3 percent, to $81.83 in morning trading.
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