Movies Still Making Money

" Better sharp stick in the night. All of -- all movies right now yesterday we love that expression. Yesterday Viacom it was a surprise upside on the earnings today it was Time Warner beating on the earnings per share line -- on revenue this morning in -- on both from Yahoo! movies. Joins us right now. They don't enlisting the conference call this morning Simon Bewkes for the CEO for Time Warner said. On the -- along the publishing is a drag right now on earnings but he called the film division very under appreciated do you agree with him in that regard."

" I definitely do I mean they've by the come off another great summertime and is that too. That a mega global success or for the latest Harry Potter movies at the hang over huge surprise with a hangover and money is still trickling in from those movies so. Nothing wrong men they had. You know that the third quarter and that being a little quirky or you have more genre films and had a couple successes there you like a good date night movie came out time traveler's wife based on the popular vote -- over sixty million. You also had and from film like the informant which is Steven Soderberg movie made little over thirty million. The kind of weren't sure what to do with the marketing wise but still you know when he got Matt Damon you're gonna make a little bit of money so. You know I think the future looks looks really you know steady very bright. It seems like show on these sub -- former media conglomerates some of them started spinning off some of various different pieces. But it seems like they're relying more and more on film revenue. To give them their growth is this what you're seeing is well on -- and we expect this to continue fourth quarter and in 2010. Absolutely I mean the whole summer was once again record breaking three years in a row that. You know they do now eclipsed over four point two billion dollars for the the summertime the four months of summer time Warner Bros. a huge part of that. And and all the studios -- they're seeing how to make little cut backs him -- his. That was one of his big things he's like we're gonna we're going to really in some via the publicity and marketing expenses and some of the Elvis the other extraneous costs and and really make sure that we streamline. The profit profitability of theatrical releases."

" You know they still -- at Time -- in particular still struggling with this whole big. AOL and it's a noose around their neck and it's been since I remember when the deal happen with Steve case against their stand on stage like he's in new hero. And unfortunately turnout to be the biggest disaster ever movies though because. Even -- stocks have held on tremendously during this whole thing and you gotta believe that. Well I'm not the hugest fan of some of the films out there and that's he's gonna call me it girl because a lot of them -- action flicks but. It's still something you can do and not break the bank now I do sneak in popcorn and I will be the first to admit it but he can still take your family can still go see something. Without feeling like you're not going to be able to pay your electric bill. And I got to believe that has something to do with why movies have held on why the movie theater stocks have held on through this whole thing."

" That are in tough Financial Times you know movies -- always stood out as like the one form of entertainment where people can escape. They can do it affordably you know going to the ball park super expensive to take your family you know go. -- on an airplane go travel somewhere you know sadly all that stuff is just. Really -- just -- really exorbitant families these days but I can still get away for two I think the family and you know of course the cost of all your goodies and that you're -- amendment. Yeah I think it's kinda high but it still. The most affordable thanks so you know and and it's a really great lineup coming out in this holiday season some bigger movie some like more. -- mass appeal movies and we've seen in in. Kind of the last few years during holiday season you know more event movies like 32 and an avatar the new James Cameron movie. Including and then the Sherlock Holmes actually from Warner Bros."

" some Blockbuster is what is the oh what do you think the impact will be. Always YouTube and -- a movie houses now trying to put some content more recent content. On -- YouTube and things like that is that going to be an immediate impact in how big -- one -- it'll be."

" We know everyone everyone's getting lots of video and -- learning how to all the -- learning how to maximize the use us really well you know Yahoo! movies were big. Big partners within me and we help them debut big exclusives gets people excited about the movie's early so yeah that's there is. They're -- the only learning the only just learning how to best use their assets and and especially how to use the online audience because. And a lot of ways that's the most economical -- make -- the stuff up there for free and they know people will come. And watch and you know they didn't have to buy media for that."

" Can you talk about fell 3-D movement because I gotta believe that's something they're using to keep. People from downloading these movies for free argued to things like that you can't get a full experience of a 380 film. Unless you're in the theaters."

" And you're right it's kind of kind of is a bit of a defense against that but. What it really is it's it's another means of making a little more cash at the at the box office. "

" And expanding the money summer movies real funky -- yeah. And in -- glasses it's more and."

" That's right and -- you know what and then the margins and all on sort of the the increases at the box office you know for the 3-D IMAX movies now it's it's next to nothing you know because putting in those you know the special cameras and stuff. You know just to show the movies you know it's like a one time cost for the theater and you know there at the -- always trying to find their angle on trying to make a little more money so. You know within the whole emergence of 3-D and IMAX and everything like everyone kinda gets a little extra cuts so that makes you know everyone in the business of movies. That much happier than."

" Yeah -- is there reintroducing. Favorites like toy story. And movies that -- you know the kids if you already reintroduced it as three days that's a home run for everybody some everybody's making money on that."

" Oh my god I mean yeah why not why not put the in the movies that were already winners and you talk about like you know everyone's doing remakes but. -- why not just redo the movies of that you can fill the glasses on the whole new experience and you know those movies made piles of money back in the day -- Yeah Disney and in particular very much at the forefront as his DreamWorks and -- really really spearheading the three the near the new 3-D generation of movies."

" I shall we appreciate it except -- have -- wants to be digitally remastered all right finale we can you know continue the other revenue stream I'm a man. Thanks John if John John Allison undoubtedly -- for -- expression. Digitally remastered they say that's -- is now digitally mastered so you gotta see it because I got -- and I thought it wasn't digitally remastered."

" List that is an earlier masses that it's is at the same thing what is so cool if the road runner with 3-D -- the road runner connected."

" I will say this the -- movie. Yeah that would area in 3-D. I saw when I saw it's raining spaghetti and meatballs or whether no body -- Edison company rather upon I see that I've been net he's not. The preview for that was in 380 with a glass of cool -- all -- and looks really really -- lot different from that that the reading movies that we saw how -- it was black white."