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Friday, December 15, 2017
Best Buy 3Q Revenue, Profit Decline

Disappointing sales of high-end televisions, entertainment hardware and software contributed to Best Buy Co. posting third-quarter (ended Nov. 27) income of $217 million, down 4.5% from income of $227 million during the prior-year period.

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Lionsgate Shareholders Re-Elect Board; Icahn Bid Done?

Lionsgate Dec. 14 said shareholders re-elected the mini-major’s board, including new nominee Frank Giustra, according to preliminary results from the annual shareholder meeting.

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MOD Cuts Staff By 35%

Digital movie and music kiosk operator MOD Systems has cut its staff by 15 employees, or 35%, bringing its staff down to about 30, company CEO Anthony Bay said Dec. 14.

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Technicolor: 3D Blu-ray Production Times Shrinking

Technicolor, which provides compression, authoring and subtitling for Warner Home Video 3D Blu-ray Disc titles, said Dec. 14 that it has reduced production times for 3D Blu-ray by 50%, putting it close to producing 3D Blu-ray in the same time that it takes to make a standard Blu-ray.

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Invasion of the Minions

Merchandising: Not surprisingly, Universal’s animated hit 'Despicable Me' hit stores Dec. 14 with a batch of exclusives based on the cuddly Minion characters from the film.

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