Spike Lee: Hollywood Clueless About Black People

New studio heads place bets on 'branded entertainment'

(NEWSER) - In previous downturns, the corporate owners of America's movie studios would cut Hollywood some slack. Not anymore: these days, the corporate suites of LA look like the aftermath of a slasher flick, with old hands kicked out at Disney, Universal, MGM, and Paramount. With DVD sales down 25% and easy financing a thing of the past, "there's been more change in the last 18 months than in the preceding 18 years," one exec tells the Los Angeles Times. More»

(NEWSER) - Legendary Hollywood screenwriter Budd Schulberg has died, the New York Times reports. He was 95. Schulberg, who won an Oscar for On the Waterfront in 1955, was the son of a movie mogul and grew up as a Hollywood insider. His 1941 novel What Makes Sammy Run?, a scathing look at the workings of Hollywood, earned him the wrath of Tinseltown and a round of fisticuffs with John Wayne. More»

Despite writers' strike, Hollywood sets $26.7B box office record in 2007

(NEWSER) - Nearly 30 films took in more than $100 million each last year as the movie industry recorded its best box office year ever, reports the Wall Street Journal. The writers' strike, rising costs, and a spate of so-so releases at the end of the year put a damper on an otherwise outstanding 2007 that saw the industry earn $26.7 billion. More»

Ratings group slaps 'Brokeback' director's new flick with NC-17

(NEWSER) - Focus Features says it will stand by Ang Lee and his racy new war flick “Lust, Caution,” even though a movie trade group branded the film NC-17. The film industry's Scarlet Letter could cost the pic audiences, ad dollars, and theater distribution, but Focus CEO James Schamus said he won’t “change a frame” to satisfy the MPAA—or even appeal its decision. More»