FOX Translator
No data currently available.
No data currently available.
You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
Home
Thursday, July 24, 2008
MGM Prepares New ROBOCOP Movie With Darren Aronofsky to Direct and David Self to Write
Comtex
LOS ANGELES, July 24, 2008 /PRNewswire via COMTEX/ ----Metro-Goldwyn-Mayer Pictures (MGM) has signed Darren Aronofsky to direct and David Self to write a new installment for its ROBOCOP franchise. Aronofsky, the director of "The Fountain," and Self, the writer of "Road to Perdition," make a formidable creative team, fast tracking the ROBOCOP motion picture and spotlighting it as one of the most anticipated new films for 2010.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011119/MGMLOGO)
The announcement was made today by Mary Parent, Chairman, Worldwide Motion Picture Group, MGM.
In making the announcement Parent said: "Darren is undeniably one of the most talented, original and visceral film makers, and David is one of the greatest writers in Hollywood. All of us at MGM couldn't be more excited."
Phoenix Pictures' Mike Medavoy, Arnold Messer, Brad Fischer and David Thwaites will produce ROBOCOP. Cale Boyter, Executive Vice President Production at MGM will oversee the project for the studio.
Phoenix Pictures' Chairman and CEO Mike Medavoy said: "After making the first ROBOCOP at Orion more than 20 years ago, I'm thrilled to be helping to return this character to the screen with our partners at MGM and through the eyes of Darren Aronofsky and David Self."
Phoenix co-presidents Brad Fischer and David Thwaites added: "With a filmmaker of Darren Aronofsky's vision and imagination and a writer of David Self's caliber, we are poised to bring to the screen an entertaining and provocative film, which will now be under the creative guidance of two of the best storytellers working in our industry today."
Aronofsky's credits include "Pi," "Requiem for a Dream" and "The Fountain." He is completing the feature, "The Wrestler" with Mickey Rourke, Marisa Tomei and Evan Rachel Wood. He is repped by CAA and attorney Carlos Goodman.
David Self's credits include "13 Days" and "Road To Perdition." He wrote "God of War" for Universal, to which Brett Ratner is attached to direct, and was a writer on Universal's "Wolfman" currently in production. He is represented by UTA and attorney Karl Austen.
The original ROBOCOP, which premiered in 1987, was "part man, part machine and all cop." The film's storyline focused on the future of law enforcement as a terminally wounded cop returns to the police force as a powerful cyborg haunted by submerged memories. The original film was nominated for two Academy Awards -- Best Film Editing and Best Sound. Since the film's debut, ROBOCOP has become one of the most successful titles in MGM's vast film library. The franchise continues as a worldwide phenomenon, especially in the U.S., Japan, Germany and the United Kingdom. ROBOCOP, ROBOCOP 2, and ROBOCOP 3 have sold approximately 4.1 million gross DVD units worldwide.
About Phoenix Pictures
Phoenix Pictures was founded by Mike Medavoy and Arnie Messer in 1995 and has produced such films as "Zodiac," "Holes," "The Thin Red Line," and "The People vs. Larry Flynt." The company is currently in production on "Shanghai," directed by Mikael Halfstrom and starring John Cusack, and in post-production on "Shutter Island," directed by Martin Scorsese and starring Leonardo DiCaprio, Mark Ruffalo, Michelle Williams and Ben Kingsley. ROBOCOP continues the company's strategy of producing high-profile event movies with important filmmakers.
About Metro-Goldwyn-Mayer Inc.:
Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit http://www.mgm.com.
CONTACT: Jeff Pryor Executive Vice President/Corporate Communications Metro-Goldwyn-Mayer Inc. jpryor@mgm.com; o. 310-449-3446
SOURCE Metro-Goldwyn-Mayer Studios Inc.
http://www.mgm.com
Copyright (C) 2008 PR Newswire. All rights reserved
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
