Hollywood Sales Plummet

Transformers cast and director
The summer box office has been somewhat of a bust for Hollywood, as sales are considerably off. Even with "Transformers" practically doubling the price of its movie tickets, the film saw a decrease in viewers and lagged behind its predecessor.

Transformers 3
Imax has also shown a sales decline, as their revenues revealed a drop in profits. Current sales figures are ironic, as summer is usually Hollywood's busiest and most profitable season.
STORY SOURCE
Hollywood can only blame itself for its summer slump
Imax Falls After Saying ‘Disappointing’ Film Lineup Cuts Quarterly Profit
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Transformers 3 Sales Decline Actually Higher Than Reported

The sales decline of the "Transformers 3" sequel, "Dark Of The Moon" is actually higher than the 24 percent decrease in opening weekend ticket tallies. "Transformers 3" had a higher ticket price, due to the film being in 3D, which means even less people actually saw the film than its predecessor on two fronts.

John Malkovich, Rosie Huntington-Whiteley, Michael Bay and Shia LaBeouf at "Transformers: Dark Of The Moon" premiere
Many tickets for the film were priced at $12-$13 dollars each. Had the prices been normal, the sales decline would have been even more apparent, clocking a 50-60 percent decrease in revenues. In short, "Transformers 3" is technically the least successful in the franchise, as more people stayed at home and did not watch it.
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STORY SOURCE
How 'Transformers 3' can be a hit and a miss at the same time
Posted: Monday, July 4, 2011 1:06 am | No Comments Posted - None dare call it a flop, because it's the biggest opening of the year, but the first-weekend grosses for "Transformers 3" are 24-percent lower than those for "Transformers 2"--at considerably higher, 3-D ticket prices.
This weekend, "Transformers: Dark of the Moon" scooped up about $98 million in the U.S., compared to $128 million for the first weekend of "Transformers: Rise of the Fallen." And keep in mind that because this installment is in 3-D, many theaters are charging an extra three bucks per ticket...
http://www.stltoday.com/entertainment
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Justin Bieber Vanity Fair Cover Is The Worst Selling In 12-Years

Justin Bieber
The Vanity Fair issue, featuring 17-year-old pop star, Justin Bieber, on the cover, was not the hit the magazine had hoped it would be. It turned out to be the magazine's worst selling cover in the past 12-years of publication.

Justin Bieber: But I'm so pretty, why didn't it sell?
So, what went wrong to render such poor sales, you ask? I have a theory. Vanity Fair is a grown up magazine with high brow articles. This is hardly the demographic of Bieber's fans that prefer pop culture and fashion magazines.
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Transformers 3 Sales Decline 24% From Its Predecessor

1/4th Of Its Sales Are Gone During The Opening Weekend

For the past year, the Judiciary Report has been writing about the "Transformers 3" film and the likelihood of suckage and that‘s exactly what has happened. Pre-release stills and clips revealed a not so good movie in the making.
Apparently, audiences agree with the site, as "Transformers 3" also titled "Transformers: Dark Of The Moon" has experienced a sizable 24% decline in ticket sales in its opening days, from its predecessor, "Transformers 2" (according to the Deadline Hollywood website on Saturday).
I finally caught "Transformers 3" this past Saturday and it was not a good movie (I want my money back). It sucked more than "Transformers 2." I have posted a review of "Transformers 3" on the www.CelluloidFilmReview.com website. You can read the review by clicking here.
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STORY SOURCE
How 'Transformers 3' can be a hit and a miss at the same time
Posted: Monday, July 4, 2011 1:06 am | No Comments Posted - None dare call it a flop, because it's the biggest opening of the year, but the first-weekend grosses for "Transformers 3" are 24-percent lower than those for "Transformers 2"--at considerably higher, 3-D ticket prices.
This weekend, "Transformers: Dark of the Moon" scooped up about $98 million in the U.S., compared to $128 million for the first weekend of "Transformers: Rise of the Fallen." And keep in mind that because this installment is in 3-D, many theaters are charging an extra three bucks per ticket...
http://www.stltoday.com/entertainment

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Beyonce's New Album Flops

Beyonce
Beyonce Knowles' new album entitled "4" has flopped, as did the first two copyright infringing singles from the project, "Girls" and "1+1." It was initially reported the disc would be pushed back, but it wasn't and now it has failed.
Sony is going to lose a significant amount of money on the project, as they have spent millions on recording, video production, marketing, promotion, payola and bribing certain mainstream sites and blogs for favorable coverage, expecting a sure hit.
The heavily promoted album is projected to sell 270,000 copies in its debut week. Her previous album "Sasha Fierce" sold double that amount in 2008, registering a reported 463,000 copies sold in the first week of sales. The second week fall off in sales for the album "4" shall be quite high, as said mainstream album opened with such a low tally, especially in comparison to its predecessor.
This marks the first flop of Knowles' career and it is richly deserved, for her well-documented, chronic acts of criminal copyright infringement, in willfully, deliberately and feloniously stealing the intellectual property of others, for undue millions, awards and accolades, she is not entitled to under the law.
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Lady GaGa's Sales Plummet Indicating Her Career Is In Trouble

Lady GaGa
A number of websites are reporting, the sales of pop music singer, Lady GaGa have plummeted. Her album was sold for 99 cents per download and as such, cleared 1,000,000 copies during the first week of release, guaranteeing an easy number one.
However, during week two, she suffered a massive 84% sales plunge, followed by a 38% drop in week three. This does not equal good news for her career, especially in light of such drastic price cuts. Her sales would have been very dismal had it not been for the sizable price reduction.

Gaga has been plagued by plagiarism and copyright infringement claims that are turning the public against her. Many websites feature bloggers and feedback sections noting the unoriginality in unflattering terms.
There is also such a thing as being over the top and when the public ceases to or struggles to understand an artist, they will simply stop trying and move on to something more palatable. The writing is on the wall for Gaga, but is she reading it.
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Sony Losing Cyber War To Hackers Who Are Battering Them In Several Countries

Howard Stringer
Sony is under attack on several fronts, by a group of unnamed hackers that continue to pummel the company over the internet, with blow after blow. Sony's music, video game and mobile phone websites in America, Canada, Japan, Greece, Thailand, Taiwan and Indonesia, have been seriously hacked, with millions of consumers' personal and financial data stolen.
Houses of legislature in America and Taiwan are angry, demanding answers from Sony, who've gone silent again. The public was not amused when it was revealed Sony's internet defenses failed, due to software firewalls that were not being updated in a timely fashion, to address emerging exploits.
The company is facing $24 billion in losses from the hacks alone, in damage that keeps mounting. It's stock and profits are way down, as the hacks and earthquake, then tsunami that damaged its Japanese headquarters, wreaked havoc on sales and productivity. Based on mainstream articles, more hacks are planned against the beleaguered company, who do not seem to grasp the gravity of what has transpired nor what they are facing.
Sony is losing consumers in droves, who no longer feel they can safely shop for music or phones or pay to play video games on the company's websites. As such, Sony products have become tainted. I cannot recall a single corporation that was battered this badly by hackers.
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10 Million Sony PSN Credit Card Info Stolen, 2.2 Million Offered For Sale

The unprecedented Sony hack that will reportedly cost the company $24 billion dollars, has taken a new twist. It is being reported 10,000,000 unencrypted credit card numbers have been stolen from the Sony servers in San Diego, California and 2,200,000 of them have been offered for sale by hackers.



Howard Stringer

As someone who has been the victim of identity theft in an unrelated incident, I feel sorry for the people whose financial data has been compromised. In response to cries from PSN users for a Sony boycott, company executives apologized yesterday. However, based on online feedback, I don’t think it will help, as PSN users are defecting to Microsoft.

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Hollywood Lobbies For Industry Futures

Hollywood
In the biggest rip-off yet, Hollywood is lobbing the US Congress for industry futures to be traded on the stock market. Hollywood, a town built on organized crime seed money, thievery and criminal copyright infringement, seeks to offer the public the dubious opportunity to bet on the future performance of Hollywood films that most so-called industry executives can't even predict.
Considering movie audience attendance and music sales have steadily plummeted, prompting the industry to increase prices to show some kind of profit, while reaching less people with their products, banking on Hollywood is like wagering on the Titanic (and no, I'm not talking about the movie).
The fact of the matter is most Hollywood films and albums fail, ending up in the red. Studios and labels home for a few releases to do well, to save them from dozens of flops and financial failures. It is not like the food or airline industry in America, steadily packing in customers based on services people need.
Box-office futures are dealt a blow

April 22, 2010 - A Senate panel votes to ban the proposed futures exchanges, which are opposed by studios. Don't bet on betting on the box office.

A Senate committee dealt a big blow to the plans of two trading firms looking to create a box-office futures exchange that would allow the movie industry as well as investors to wager on movie ticket sales...
http://www.latimes.com

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