Analysis – Amazon’s far-reaching ambitions, lack of profits, unnerve investors

July 26, 2014 0
Worker handles items for delivery at Amazon's new distribution center in Brieselang

By Deepa Seetharaman SAN FRANCISCO (Reuters) – Amazon.com Inc’s message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits. “It does get frustrating when they continue to spend quarter after quarter and they don’t let the revenue flow through,” said Michael Scanlon, who manages $3.5 billion at Manulife Asset Management and holds shares of Amazon.

Chinese tourism company sues Paramount over Transformers 4 scenes

July 25, 2014 0
Man takes a picture of his child in front of "Rammtron", a "Transformers-inspired" sculpture constructed from scrap metal in Podgorica

A Chinese tourism company is suing Paramount Pictures and a producer of the movie “Transformers: Age of Extinction” saying they had failed to show the company’s logo in the movie. Like other Hollywood filmmakers, Paramount has been eager to cash in on robust box-office revenues in the world’s second largest film market. Chongqing Wulong Karst Tourism Group, which manages the Wulong Scenic Area in southwest China, said it had lodged a lawsuit seeking 20.8 million yuan ($3.36 million), against Paramount and the 1905 Internet Technology production company, in a court in Chongqing city for reneging on their contract. A spokeswoman for Paramount, a unit of Viacom, declined to comment.

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24th James Bond movie to film in Rome

July 25, 2014 0

Washington, July 25 (ANI): James Bond’s 24th movie post ‘Skyfall’ might be filmed partly in Rome with a spectacular car chase, according to reports.

Woody Allen on magic, movies, and life’s meaning

July 25, 2014 0
This image released by Sony Pictures Classics shows director Woody Allen, center, with actors Emma Stone, left, and Colin Firth on the set of "Magic in the Moonlight." (AP Photo/Sony Pictures Classics, Jack English)

Woody Allen’s “Magic in the Moonlight” stars Colin Firth as a stage magician and Emma Stone as a young medium whose self-proclaimed powers he’s trying to debunk. Allen shared some thoughts with The AP about magic, filmmaking, and the meaning of life β€”or, in his view, the utter lack thereof.

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Will Robert Downey Jr. leave Iron Man franchise?

July 25, 2014 0

Los Angeles, July 25 (IANS) If reports are anything to go by, Robert Downey Jr. may not be seen in the fourth movie of the “Iron Man” franchise. Downey’s role in the “Iron Man” franchise has been kept tightly under wraps ever since speculation first started that he may not be returning for the fourth movie, reports contactmusic.com. As per reports, Downey does not want to leave “Iron Man”. “It’s down to Kevin (Feige, Marvel Studios president) and Ike (Perlmutter, CEO of Marvel Entertainment) and Disney to come to us with what the proposal is, and that’s on us to agree or disagree, Downey said.