Hollywood Entertainment Expects Drop
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Video-store chain Hollywood Entertainment Corp. on Friday said it expects third-quarter rentals to drop 8 percent at stores open at least a year.
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Sobering expectations â foreshadowed on Sunday when management announced the lower prices â weighed on the companyâs already drooping stock.
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Walt Disney Co. will substantially reduce its work force and slash its annual output of films from 18 to eight &amp;#151; cutbacks greater than Hollywood had anticipated, it was reported Wednesday.
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Some fear a less lucrative future for writers as studios turn to alternatives.
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Low-budget movies that were once readily sold to foreign film distributors have fallen victim to a push for more star-studded offerings.
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Hollywood on Sunday awaited the  strike-plagued Golden Globe Awards at a drab news conference to  announce winners, rather than the usual star-filled gala.
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Feature film production could screech to a halt in as little as three weeks if Hollywood's actors and industry negotiators do not reach a new contract by the end of the month, industry sources said Monday.
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An unfortunate event at a swank London hotel left Jim Carrey and other celebs out on the street Friday - and scuttled a press conference for Ocean&#39;s Twelve stars Brad Pitt and Matt Damon.
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Warner Bros, a unit of Time Warner  Inc, has told about 1,000 television and film production  workers that an unspecified number of layoffs will soon be  announced due to Hollywood's screenwriters strike.
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LOS ANGELES  - Hollywood is counting on   "Gridiron Gang" and "The Black Dahlia" to provide a much-needed   lift at the box office, which dropped last weekend to levels   unseen in several years.
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Shares of DreamWorks Animation SKG Inc. dropped 6 percent Thursday after the Hollywood studio told Wall Street it will push back the release of its next &quot;Shrek&quot; movie until the summer of 2007.
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Since the box office hit rock bottom last weekend, there's no place to go but up. And two films targeting very different audiences are looking to take advantage of the usual seasonal slump this weekend.
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LOS ANGELES  - Since the box office hit  rock bottom last weekend, there's no place to go but up. And  two films targeting very different audiences are looking to  take advantage of the usual seasonal slump this weekend.
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Even Hollywood's rich and famous can't avoid the housing downturn.
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This week's Hollywood releases don't look promising at the box office.
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Investors losing their shirts in Hollywood is an old story. Stars get in their eyes and, before you know it, the money is gone.
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Hollywood's blue-collar infrastructure is going to take a beating this weekend.