There are some concerns about gaming on the next-generation Xbox One. The system doesn’t allow independent developers to self-publish games on Xbox Live Arcade and Microsoft’s used game policy is still unclear. The company did confirm that it has big plans for its in-house gaming studio, however. Phil Harrison, a corporate vice president at Microsoft’s Interactive Entertainment Business, revealed in an interview with VentureBeat that Microsoft is investing heavily in the gaming experience for the Xbox One. The executive noted that the company is planning to invest more than $1 billion for new content, including 15 internally developed titles in the coming year, eight of which will be brand new. The Xbox One is expected to help breath new life
Lionsgate stock keeps roaring, setting another all-time high thanks to more Wall Street bullishness over its TV business and its young-adult franchises, such as “The Hunger Games.” The stock jumped 4% on Thursday, rising $1.11 to $27.66. The stock has nearly doubled in price this year and more than tripled its $8.60 price when Lionsgate... Read more »
Miley Cyrus and Liam Hemsworth are back together again, but for how long? The singer and her Australian beau had hit a rough patch, even calling a halt to planning their wedding—but appear to have reconciled—for now. Back on? Liam Hemsworth and Miley Cyrus have reportedly reconciled once again! The couple was spotted kissing at a party at Miley's home on May 10th according to a report in US Weekly, and the 20-year-old's huge diamond sparkler was firmly in place on her ring finger once again at the May 15th Maxim Hot 100 party in Hollywood. Watch: Miley Cyrus Goes Super Punk For Met Gala "She was kissing him," a witness told US. "They were definitely back on." Miley made a point of flashing her engagement bling at the Maxim Hot 100 party last week As OKMagazine.com previously reported, things had become so bad between the couple that Liam's big brothers, Luke and Chris, reportedly stepped in to the fray and arranged an intervention to end their younger sibling's engagement! The two were so "fired up" about their little bro's relationship with Miley that they reportedly sat him down with him in April and gave the 23-year-old Hunger Games star a stern talking to. Watch: See Why Billy Ray Cyrus Is Worried About His Daughter And it seemed their intervention worked—for a short while—as Miley and Liam, who have been dating for nearly four years, and got engaged last June, put all wedding plans on hold and had been spending time apart. Flying solo! Miley attended the Met Ball and the Billboard Awards alone But….. another day, another reconciliation! Do you think Miley and Liam will ever make it to the altar? Sound off in comments below and tweet us @OKMagazine Photo credit: Splash/Getty
The stock is up about 4% in mid-afternoon trading after Piper Jaffray’s James Marsh raised his price target for Lionsgate this morning by 18.5% to $32 ahead of the studio’s financial report next week for the quarter that ended in March. The analyst says that investors may be impressed by DVD and VOD sales for Twilight, which he figures generated about $150M in revenues for the quarter. In addition The Impossible, a film about the Indian Ocean tsunami in 2004, “largely slipped under the radar,” grossing just $19M at domestic theaters but $154M overseas. He expects Lionsgate’s TV operation to impress with results from Mad Men, Anger Management, and Nashville. Looking ahead, Marsh says that he’s “comfortable that management will find a way to extend the Twilight franchise” while Hunger Games could could do better than expected “driven by international box office and high margin merchandising opportunities.” On Monday Stifel’s Benjamin Mogil also upped his price target, in his case by 16% to $29. He says Lionsgate is “tracking materially ahead” of its financial guidance.
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