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...Studio CEOs, and especially CFOs, will note that the past three winning movies were made for peanuts, with weekend grosses that were greater or nearly as much as their respective budgets; The Hangover cost $35 million to produce, The Proposal $40 million. By next weekend, the Bullock film should outearn the Denzel Washington-John Travolta thriller, The Taking of Pelham 1 2 3, whose budget was about $100 million. By then Bullock's film will also exceed the theatrical earnings of Duplicity, the comeback film of Julia Roberts, Bullock's main rival over the past 15 years as Hollywood...

Author: /time Magazine | Title: Box-Office Weekend: Bully for Bullock | 6/22/2009 | See Source »

...Over the last 10 years, several companies including U.S.-based Peppercoin and CyberCash offered online payment systems that didn't catch on. PlaySpan CEO Karl Mehta says this is because "there was not enough digital content to consume." That's changing. Mehta predicts that micropayment services will over the next few years become available on a wide range of gaming and social websites - adding that there's no reason they can't be used to buy newspaper and magazine articles, too. "The newspaper industry is now crying for this kind of solution," he says. If it works, publishers might...

Author: /time Magazine | Title: One Drip at a Time | 6/22/2009 | See Source »

...every Indian collector, of course, is trying to be the next Dominique de Menil or Henry Clay Frick, whose private collections are now significant museums in Houston and New York City, respectively. But they are serious about sharing their newfound enthusiasm. Swapan Seth, an advertising executive and collector in New Delhi, rents out an empty flat every few weeks to show off his latest finds to his friends, curating the shows and hanging the pieces himself. He spends at least two hours a day reading about art, educating himself about the artists he likes and how they fit into...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

Purnell was referring to parliamentary elections due by next June, but the results of last week's municipal and European polls - a historic rout for Labour, a solid performance from the Conservatives and gains for fringe outfits including the far-right British National Party - graphically illustrated the concerns that launched Purnell's kamikaze mission. Labour's support has slumped under Brown. It has hemorrhaged support among the affluent voters of Middle England whose endorsement is essential to securing a parliamentary majority, and whom it wooed successfully in the 1990s. And it has been damaged, too, in hardscrabble industrial regions...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

Brown's victory against the rebels could leave Mehta hanging on until next year for a chance to kick - or kick out - his MP. But the Prime Minister faces further bruising tests even before September, when Labour arrives in Brighton, a raffish seaside resort, for its annual conference, the traditional moment for coup attempts. And that's presuming Brown weathers two by-elections sparked by the expenses scandal. Michael Martin, a Labour MP serving in the party-neutral role of Speaker, or chair, of the Commons, steps down later this month. He was forced out after MPs' protests that...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

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