Life is still like a box of chocolates, and Paramount wants to remind everyone. The studio said today that it will rerelease Forrest Gump in Imax for the Best Picture Oscar winner’s 20th anniversary. The 1994 film that also won Academy Awards for star Tom Hanks and director Robert Zemeckis and spawned a 12 million-selling soundtrack will return to the giant-screen theaters September 5. The news comes the same day Sony announced it is bringing Ghostbusters back to theaters for its 30th anniversary. A restored and remastered version of the 1984 romp will start its limited engagement August 29 ahead of a September 16 launch of Blu-ray anniversary editions of the pic and its 1989 sequel.
Related: Third Installment Of ‘Ghostbusters’ A Go For Early 2015
Meanwhile, Paramount also said today that it is moving up the release of SpongeBob SquarePants 2 by a week to February 6. It had been set as counterprogramming for Focus’ Fifty Shades Of Grey and Fox’s remake of Poltergeist. (Maybe the latter’s images of a child being pulled into a TV set hit a little too close to home.) Read More »
The company’s leading Wall Street critic, Bernstein Research’s Todd Juenger, raises the provocative idea this morning in a report that questions whether Viacom‘s stock — now hovering around its all-time high — can continue to rise. The share price has appreciated 55.4% so far in 2013 as investors grew confident that the company had reversed a startling decline in Nickelodeon’s ratings that began to show in late 2011. CEO Philippe Dauman says the turnaround largely reflects the success of new programs including Teenage Mutant Ninja Turtles. But Juenger says this morning that the ratings gains — and improvements in ad sales — are about to slow. Nickelodeon benefited in part because it began to target pre-Kindergarten viewers from 8:30 AM-2 PM — loading up on programs such as Dora The Explorer, Umizoomi, and Bubble Guppies – while Nick Jr focused on franchises “with arguably less audience appeal.” As a result “Nick Jr. lost about 250-300k average daily viewers [while] Nickelodeon gained about 100k.” Meanwhile, Nickelodeon squeezed SpongeBob SquarePants which now accounts for 45% of the channel’s programming hours, up from 25% in January 2012. “We know of no other network that relies so heavily on one single franchise,” Juenger says. It’s “undeniably risky to be so dependent on one franchise, especially Read More »