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Now a days money troubles have hit every one. But everyone just keep spending to get into trouble and now everyone is paying for it. It is to bad they have to close the studio.
Full Story at news.yahoo.com

LOS ANGELES (Reuters) – The Walt Disney Co plans to close director Robert Zemeckis’ ImageMovers Digital facility in Northern California, laying off 450 workers there, or more than 5 percent of its movie studio division.

Disney will shut down IMD and lay off those workers as it wraps up production on “Mars Needs Moms,” an animated film that will hit theaters a year from now.

The plan to close IMD comes as Rich Ross, recently appointed chairman of Walt Disney Studios, shakes up the company’s movie division to focus on films that can be leveraged across other platforms, including toys and video games.

Full Story at  msnbc.com

LOS ANGELES – “The Hurt Locker” won the top two prizes at Sunday’s Academy Awards, taking home the best picture trophy and the best director honor for Kathryn Bigelow.

Bigelow is the first woman in the 82-year history of the Oscars to earn Hollywood’s top prize for filmmakers.

“There’s no other way to describe it. It’s the moment of a lifetime,” Bigelow said. “It’s so extraordinary to be in the company of my fellow nominees, such powerful filmmakers, who have inspired me and I have admired, some of them for decades.”

Full Story at CNN.com

(CNN) — Tim Burton goes through the looking glass: This is what CGI was invented for, surely?

Over the last decade, digital effects have developed so fast, the most outlandish visual trickery can be integrated seamlessly with live action. Actors — living, breathing human beings — can coexist with the kind of fantastical environment that once was the realm of the animator, and with results that seem, if not perfectly natural, then perfectly supernatural.

You can observe the same phenomenon in “Avatar.” But where the technocrat James Cameron gives us fantasy science, a utopia you can practically reach out and touch, the dreamer Tim Burton shows us a head-trip to a place — “Underland” — where nothing seems like what it is.

Full Story at msnbc.com

LOS ANGELES – The last time Mel Gibson starred in a movie, he was grappling with alien invaders and a misplaced faith in the sci-fi thriller “Signs.”

That was seven and a half years ago. In the intervening time, Gibson became a cultural firebrand, directing the controversial 2004 box-office hit “The Passion of the Christ” and the violent 2006 action epic, “Apocalypto.”

Full Story at msnbc.com

LOS ANGELES – James Cameron’s “Avatar” is on a course to sink “Titanic” at the box office.

No. 1 for the sixth-straight weekend with $36 million, the 20th Century Fox sci-fi spectacle lifted its domestic total to $552.8 million, according to studio estimates Sunday. “Avatar” raised its worldwide total to $1.841 billion. That’s $2 million shy of first place behind Cameron’s last movie, the 1997 shipwreck epic “Titanic,” at $1.843 billion.

“It defies all superlatives,” said Chris Aronson, head of distribution for Fox.

Full Story at msnbc.com

BEVERLY HILLS, Calif. – The science-fiction blockbuster “Avatar” won best drama at the Golden Globes and picked up the directing honor for James Cameron on Sunday, raising the “Titanic” filmmaker’s prospects for another Academy Awards triumph.

It was a repeat of Cameron’s Globes night 12 years ago, when “Titanic” won best drama and the directing prize on its way to dominating the Oscars.

Full Story at CNN.com

Thanks to astronomic word-of-mouth, inflated 3-D ticket prices, and consecutive holiday weekends that began on a Friday, “Avatar” continued its seemingly unstoppable climb to the Hallelujah Mountains of U.S. and global box office.

According to estimates from Hollywood.com Box Office, James Cameron’s sci-fi opus grossed $68.3 million over New Years weekend, a tiny 10 percent drop from Christmas weekend for a $352.1 million domestic total — easily the biggest third weekend in the U.S. ever (2002’s “Spider-Man” had held the record with $45 million).

Full Story at CNN.com

(CNN) — Actor Charlie Sheen was released from a Colorado jail Friday after he was arrested on domestic-violence-related charges, Aspen police said.

Sheen, 44, was charged with second degree assault and menacing, both felonies, and criminal mischief, a misdemeanor, police said. Additionally, Colorado law mandates a protective order between someone arrested for domestic violence and the victim.

Police said the alleged victim, whom they did not identify, did not require a trip to a hospital.

Full Story at msnbc.com

“The Princess and the Frog” earned a big wet kiss from family audiences as the animated musical leaped to No. 1 with $25 million in its first weekend of nationwide release, according to studio estimates Sunday.

The Disney musical is the studio’s first hand-drawn animated tale in five years, a contrast to the computer-animated films that now dominate the cartoon world.

Full Story at msnbc.com

NASSAU, Bahamas – Hollywood heartthrob Johnny Depp suspects he’ll never get used to receiving awards for his acting work.

Depp, best known for his Oscar-nominated role as Captain Jack Sparrow in Disney’s “Pirates of the Caribbean” blockbusters, made the comments Sunday night before receiving a career achievement award at the Bahamas International Film Festival.

“Whenever anybody say they are going to give me some kind of award, I’m always a little stupefied by the notion. The first thing I say is ‘why?’,” Depp told a small scrum of reporters. “I just go to work like anyone else, except my job happens to be a little stranger.”