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...runners-up still have bragging rights. Alvin took in more in its first four days than the early December animated feature The Princess and the Frog did in its first 32 days (18 in wide release). The chipmunks should earn back their $70 million budget in a week or two. And Sherlock Holmes handed Ritchie, once known mainly as Mr. Madonna, his first real hit; the director's five previous features have taken in a total of about $40 million at the North American box office. He achieved success both by turning Holmes from a contemplative sort into an action...

Author: /time Magazine | Title: Christmas Box Office: Avatar Beats Sherlock and Alvin | 12/28/2009 | See Source »

When Finnish filmmaker Timo Vuorensola came up with the idea for his movie Star Wreck, a parody of Star Trek, he knew that looking for conventional distribution would be futile. An amateur, science-fiction comedy with a miniscule budget - and in Finnish, to boot - would hardly be attractive to mainstream studios. So Vuorensola took matters into his own hands: he used a Finnish social networking site to build up an online fan base who contributed to the storyline, made props and even offered their acting skills. In return for the help, Vuorensola released Star Wreck in 2005 online for free...

Author: /time Magazine | Title: Why Indie Directors Give Movies Away Free Online | 12/26/2009 | See Source »

...late Senator Edward Kennedy's major accomplishments in the health care field, COBRA (the Consolidated Omnibus Budget Reconciliation Act of 1986) enables discharged workers to stay on their employer's group health plan for up to 18 months. Unlike the Family and Medical Leave Act (FMLA), COBRA does not require the employer to pay the cost of providing continuing coverage. Instead, it allows employees and their dependents to maintain coverage at their own expense by paying the full price of the premium plus an administration fee. The Joint Committee on Taxation, a non-partisan group focused on government finance, estimates...

Author: /time Magazine | Title: Waiting for Reform: The Unemployed Get a Health Care Gift | 12/24/2009 | See Source »

...important tourist trade, visitor arrivals are down 4.2%. Perhaps worse, at least among the parents of 170,000 public schoolchildren, is the national scolding Hawaii received by U.S. Education Secretary Arne Duncan after Hawaii Gov. Linda Lingle closed schools on Fridays to deal with a projected budget deficit of $1 billion. (See how Hawaii's budget crisis led to furloughing kids...

Author: /time Magazine | Title: Obama, a Favorite Son, Will Perk Up Hawaii's Holidays | 12/24/2009 | See Source »

...necessary economic, legal and constitutional reforms to join the E.U. The government is also closely monitoring the European Commission's "progress reports" on its efforts, the latest of which underlined privatization and fighting organized crime as priorities for the government. And E.U. officials were pleased with the austere 2010 budget approved by Serbian lawmakers Monday that meets the strict terms of a recent International Monetary Fund loan. Belgrade is also rethinking its military options after neighbors Albania and Croatia joined NATO earlier this year, meaning most of Serbia is now surrounded by the alliance that bombed it in 1999. Serbia...

Author: /time Magazine | Title: A Pariah No More: Serbia Bids to Join the E.U. | 12/23/2009 | See Source »

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