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Monday, July 31, 2017
Redbox Q2 Profit Up, Rentals Down

Quality, not quantity, ruled the second-quarter (ended June 30) bottom line for Redbox. The packaged-media kiosk vendor reported operating income of nearly $99 million, which was up nearly 15% from operating income of $86 million during the prior-year period.

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Outerwall CFO Galen Smith Redbox CFO Expects Q3 to Be Company's Weakest of the Year

With a third-quarter (ending Sept. 30) box office projected to be 46% lower in revenue than the prior-year period, including eight fewer theatrical releases, Redbox is expecting a negative impact on its current Q3 financials, Galen Smith, CFO of parent Outerwall, said on the kiosk vendor’s July 30 fiscal call.

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'Spider-Man'-Less Sony Pictures Posts $96 Million Q1 Loss

Sony Pictures July 30 reported a first-quarter (ended June 30) operating loss of $96 million, compared with operating income of nearly $63 million during the prior-year period. Revenue topped $1.4 billion, which was down about 26% from nearly $1.9 billion in revenue a year ago.

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Idris Elba in new Netflix movie Netflix's 'Beasts of No Nation' to Bow Theatrically Oct. 16

Netflix’s much-anticipated swipe at the theatrical window reportedly will occur Oct. 16 when it bows African warlord thriller 'Beasts of No Nation' at 19 Landmark theaters nationwide the same day the original movie streams globally.

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Time Warner Cable Loses 237,000 Video Subs Year-Over-Year

The hits keep coming for the nation’s third-largest pay-TV operator. Time Warner Cable July 30 reported a second-quarter (ended June 30) base of 10.7 million video subscribers, which was down 237,000 subs from a base of more than 11 million during the prior-year period.

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Innerspace (Blu-ray Review)

Director Joe Dante’s 'Innerspace' is an entertaining sci-fi comedy in the vein of 'Ghostbusters' and 'Back to the Future,' balancing wacky antics with awe-inspiring visual effects. (Street Date 8/4/15)

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