Also in Wednesday morning's round-up of news briefs, theater chains are OKing Peter Jackson's Hobbit technology; Sundance Channel is developing programs by Robert Redford and Michael Fuchs; And the MPAA gives Obama a congratulations.
MPAA Chief Chris Dodd Congratulates Barack Obama
"I congratulate Barack Obama on his victory tonight. President Obama has demonstrated a great understanding of the importance of intellectual property to the fundamental strength of the American economy. In an era of partisan discord, there is bipartisan agreement that protecting American creativity and innovation is critical to our competitive edge in the global marketplace. I look forward to continuing to work closely with the Obama Administration to ensure the creative industries have every opportunity to thrive."
Around the 'net...
Theater Chains OK High Frame-Rate Hobbit Despite Format Challenges
"Major exhibitors Regal and AMC lined up Tuesday to support Warner Bros. as it readies for the Dec. 14 U.S. release of Peter Jackson’s The Hobbit: An Unexpected Journey in the high frame rate of 48 frames per second. Meanwhile, the studio moves cautiously with its plans to introduce the theater technology, which has encountered a number of problems as it goes through a testing phase," THR reports.
Skyfall Results 'Beyond Studio's Wildest Dreams'
So far, Skyfall has exceeded the wildest dreams of even Eon, MGM and Sony, with a stunning £53.44m ($85.36 million) in just 10 days. Previously, no film had grossed £50m in 10 days in the UK. The final Harry Potter film managed an impressive £44.3m at that stage of its run, while Toy Story 3 stood at £39.8m after two weekends, The Guardian reports.
Sundance Developing Dramas from Robert Redford, Michael Fuchs, More
The AMC-owned network is developing five scripted dramas to join its legal entry from Oscar winner Ray McKinnon (The Accountant) hailing from producers including Sundance co-founder Robert Redford, THR reports.
Donald Trump Has Twitter Meltdown After Election
The Apprentice host said, "We can't let this happen. We should march on Washington and stop this travesty. Our nation is totally divided!" he wrote. "Lets fight like hell and stop this great and disgusting injustice! The world is laughing at us. We can't let this happen. We should march on Washington and stop this travesty. Our nation is totally divided!" Other celebs reacted via Twitter, including Alec Baldwin who wrote: "You trust the voters when they choose The Apprentice. But not now?" Yahoo reports.