“Hobbit” film sets December record in U.S., Canada debut

(Reuters) – “The Hobbit” brought home a big box office treasure over the weekend, setting a December movie record with $ 84.77 million in U.S. and Canadian ticket sales as legions of fans turned out for the long-awaited big-screen return to Middle Earth.

“The Hobbit: An Unexpected Journey” also rung up sales of $ 138.2 million in international markets. Global receipts for the prequel to the smash “Lord of the Rings” trilogy stood at $ 222.97 million through Sunday, distributor Warner Bros. said.

The current projection for the total box office take in 2012 is $ 10.8 billion, according to an estimate from Hollywood.com, which would beat the $ 10.6 billion record in 2009.

The 3D “Hobbit” directed by Oscar-winning “Rings” filmmaker Peter Jackson is the first of three films based on a 1937 classic novel by J.R.R. Tolkien. Warner Bros. is aiming to build on the success of the “Rings” series, one of Hollywood’s biggest franchises with $ 2.9 billion in global ticket sales.

The “Lord of the Rings” movies debuted in theaters from 2001 to 2003. After that, production on “The Hobbit” ran into delays, leaving fans waiting a decade for another look at the fantasy story of dwarves, wizards and elves.

The opening weekend “Hobbit” sales proved interest remained high. North American (U.S. and Canadian) receipts toppled the old record for December set by Will Smith sci-fi flick “I Am Legend,” which pulled in $ 77.2 million when it debuted in 2007.

“The best we were hoping for was to reach or exceed the $ 77 million set by that movie and we did it by quite a lot. It was all good and we’re very happy about it,” said Dan Fellman, president of theatrical distribution for Warner Bros.

“You have to assume that by the time this first week is over we are going to have around $ 110 million in the bank before the holiday even starts,” he added.

The new film follows the epic journey of hobbit Bilbo Baggins, played by Martin Freeman, as he travels through the treacherous Middle Earth with a band of dwarves to steal treasures from the dragon Smaug.

The movie also stars Richard Armitage and Benedict Cumberbatch, while Ian McKellen, Cate Blanchett and Elijah Wood reprise their “Rings” roles.

Opening-weekend audiences embraced “The Hobbit,” awarding an “A” grade in polling by survey firm CinemaScore. Critics had a mixed response to the nearly three-hour film. Sixty-five percent of reviews on the Rotten Tomatoes website recommended the movie, although some objected to Jackson’s decision to shoot it using a 48-frames-per-second format rather than the usual 24.

SOME VIEWERS NAUSEOUS

The faster frame rate delivers clearer pictures, but some critics called the format cartoonish and jarring. Some fans at early screenings in New Zealand complained it made them feel nauseous and dizzy, according to The New Zealand Herald. Only a fraction of theaters showed the film in the new format.

The next two “Hobbit” movies are schedules to reach theaters in December 2013 and July 2014. The films were financed by MGM and Warner Bros.‘ New Line Cinema unit for an estimated $ 500 million.

“The Hobbit” took a bumpy, years-long journey to the big screen that included two directors and a lawsuit. Jackson made the “Rings” trilogy when producers could not get “The Hobbit” rights that were held by MGM’s United Artists unit.

Guillermo del Toro was first hired to direct “The Hobbit” but he left the project when financial woes at MGM caused delays. The movie went into production only after Jackson settled a lawsuit against New Line in a dispute over profits from the “Rings” films.

“The Hobbit” was the only new nationwide release over the weekend. The rest of the top five were films that have been playing for weeks.

In second place was the animated family film “Rise of the Guardians” with $ 7.4 million, followed by historical drama “Lincoln” starring Daniel Day-Lewis as the revered U.S. president, which grabbed $ 7.2 million from Friday through Sunday, according to studio estimates.

James Bond movie “Skyfall” landed in fourth place with $ 7 million.

Next on the box office chart was “Life of Pi,” which captured $ 5.4 million. Teen vampire tale “The Twilight Saga: Breaking Dawn – Part 2″ earned $ 5.17 million.

Time Warner Inc’s Warner Bros. released “The Hobbit.” “Lincoln” was produced by Steven Spielberg’s Dreamworks Studios and distributed by Walt Disney Co. Sony Corp’s movie studio released “Skyfall.” Dreamworks Animation distributed “Rise of the Guardians,” which was released by Viacom Inc’s Paramount Pictures. Summit Entertainment, a unit of Lions Gate Entertainment, released “Breaking Dawn.”

(Editing by Mohammad Zargham)

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S.Africa’s Mandela had gallstones removed, recovering: government

JOHANNESBURG (Reuters) – Nelson Mandela, the 94-year-old former South African president and Nobel Peace laureate hospitalised with a lung infection, has successfully undergone a procedure to have gallstones removed, the government said on Saturday.

“The former president underwent a procedure via endoscopy to have gallstones removed. The procedure was successful and Madiba is recovering,” President Jacob Zuma‘s office said in a statement, using Mandela’s clan name.

South Africa‘s first black president, who came to power in historic all-race elections in 1994 after decades struggling against apartheid, remains a symbol of resistance to racism and injustice at home and around the world.

Mandela was admitted to a Pretoria hospital on Saturday a week ago after being flown from his home village of Qunu in a remote, rural part of the Eastern Cape province.

Tests revealed a recurrence of a lung infection and that he had developed gallstones, the government statement said.

The medical team had decided to treat the lung infection before attending to the gallstones, it said.

Mandela spent 27 years in apartheid prisons, including 18 years on the windswept Robben Island off the coast of Cape Town.

He was released in 1990 and went on to use his unparalleled prestige to push for reconciliation between whites and blacks as the bedrock of the post-apartheid “Rainbow Nation”.

He stepped down in 1999 after one term in office and has been largely removed from public life for the last decade.

Mandela spent time in a Johannesburg hospital in 2011 with a respiratory condition, and again in February this year because of abdominal pains. He was released the following day after a keyhole examination showed there was nothing serious.

He has since spent most of his time in Qunu.

His fragile health prevents him from making any public appearances in South Africa, although he has continued to receive high-profile domestic and international visitors, including former U.S. President Bill Clinton in July.

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Craft Brewers Threatened by Big Beer Brands

American craft brewers love to talk about how they’re stealing market share from the big beer companies, such as MillerCoors and Anheuser-Busch InBev (BUD). In the first half of the year, craft beer sales rose 14 percent, in dollar terms, according to the trade group Brewers Association. Their larger competitors can only dream of such gains in the U.S.

Craft brewers, however, are increasingly worried about how the world’s two largest beer companies are attempting to counter their growth by making beers that appear to be craft products—like MillerCoors’s Blue Moon and AB InBev’s Shock Top—with no indication on their labels that they’re produced by large multinational corporations.

Today the craft brewing industry called out the big guys in an op-ed piece in the St. Louis Post-Dispatch, the hometown newspaper of AB InBev’s North American division. It was written by Charlie Papazian and Bob Pease, the president and chief operating officer, respectively, of the Brewers Association, and Dan Kopman, co-founder of Schlafly Beer, a small independent brewer in St. Louis.

Here’s what they had to say:

Noting the expansion of the craft brewers’ niche and also that many beer drinkers are turning away from the mass-produced light lagers that they are historically known for, the large brewers started producing their own craft-like beers. However, they don’t label these faux-craft beers as products of AB InBev and MillerCoors. So if you are drinking a Blue Moon Belgian Wheat Beer, you are not told it is an SABMiller product. If you crack open a Shock Top, you are not told this brand is 100 percent owned by AB InBev. The large brewers also have bought or own 100 percent of smaller breweries like Goose Island, Leinenkugel and Henry Weinhard. They own significant equity stakes in Red Hook, Widmer and Kona breweries. They sell these beers through their strong distribution channels, but market these faux-craft beers as if they were from independent, locally owned craft breweries.

In an interview, Kopman told Bloomberg Businessweek that all brewers should label their products so consumers aren’t mislead about a beer’s origin. “We definitely need to discuss this as an industry,” he said. “We need to have an agreed-upon standard for transparency where you are a multinational or an independent.”

This craft industry’s increasing aggressiveness comes at a sensitive time for AB InBev. The Belgium-based company that bought Anheuser-Busch in 2008 is now seeking the approval of the U.S. Department of Justice to complete the purchase of Grupo Modelo (GMODELOC). The last thing it needs is the small American brewers complaining that it’s trying to undermine their growth. That doesn’t seem to have escaped the craft industry either.

Businessweek.com — Top News

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Manitoba Tories to oust youth president over social media comments

WINNIPEG – An official with Manitoba’s Progressive Conservative party is being ousted over social media comments about aboriginals.

Brayden Mazurkiewich, the president of the party’s youth wing, is being asked to resign over a post on his Facebook page today.

The post concerns a planned urban reserve on a former Winnipeg military base, and says the land was designed for — quote — “hard-working men and women of the military, not free-loading Indian.”

Party president Ryan Matthews says the comments are unacceptable.

Matthews says if Mazurkiewich doesn’t quit voluntarily, the party’s management committee will convene next week to deal with the matter.

Mazurkiewich was not immediately available for comment.

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As Conn. story unfolds, media struggle with facts

NEW YORK (AP) — The scope and senselessness of the Newtown, Conn., school shooting challenged television journalists’ ability to do much more than lend, or impose, their presence on the scene.

Pressed with the awful urgency of the story, TV, along with other media, fell prey to reporting “facts” that were often in conflict or wrong.

How many people were killed? Which Lanza brother was the shooter: Adam or Ryan? Was their mother, who was among the slain, a teacher at the school?

Like the rest of the news media, television outlets were faced with intense competitive pressures and an audience ravenous for details in an age when the best-available information was seldom as reliable as the networks’ high-tech delivery systems.

Here was the normal gestation of an unfolding story. But with wall-to-wall cable coverage and second-by-second Twitter postings, the process of updating and correcting it was visible to every onlooker. And as facts were gathered by authorities, then shared with reporters (often on background), a seemingly higher-than-usual number of points failed to pan out:

— The number of dead was initially reported as anywhere from the high teens to nearly 30. The final count was established Friday afternoon: 20 children and six adults, as well as Lanza’s mother and the shooter himself.

— For hours on Friday, the shooter was identified as Ryan Lanza, with his age alternatively reported as 24 or 20. The confusion seemed partly explainable when it was determined that 20-year-old Adam Lanza, the shooter who had then killed himself, was carrying identification belonging to his 24-year-old brother.

This case of mistaken identity was painfully reminiscent of the Atlanta Olympics bombing case in 1996, when authorities fingered an innocent man, and the news media ran with it, destroying his life. Such damage was averted in Ryan Lanza’s case largely by his public protestations on social media, repeatedly declaring “It wasn’t me.”

— Initial reports differed as to whether Lanza’s mother, Nancy, was shot at the school, where she was said to be a teacher, or at the home she shared with Adam Lanza. By Friday afternoon, it was determined that she had been shot at their home.

Then doubts arose about whether Nancy Lanza had any link to Sandy Hook Elementary. At least one parent said she was a substitute teacher, but by early Saturday, an official said investigators had been unable to establish any connection with the school.

That seemed to make the massacre even more confusing. Early on, the attack was said to have taken place in her own classroom and was interpreted by more than one on-air analyst as possibly a way for Adam Lanza to strike back at children with whom he felt rivalry for his mother’s affection.

— Lanza’s weapons were listed as two pistols (a Glock and a Sig Sauer) as well as a .223-caliber Bushmaster rifle, but whether that rifle was used in the school or left in the trunk of Lanza’s car remained unclear.

— There were numerous versions of what Lanza was wearing, including camouflage attire and black paramilitary garb.

With so many unanswered questions, TV correspondents were left to set the scene and to convey the impact in words that continually failed them.

However apt, the phrase “parents’ worst nightmare” became an instant cliche.

And the word “unimaginable” was used countless times. But “imagine” was exactly what the horrified audience was helpless not to do.

The screen was mostly occupied by grim or tearful faces, sparing everybody besides law enforcement officials the most chilling sight: the death scene in the school, where — as viewers were reminded over and over — the bodies remained while evidence was gathered. But who could keep from imagining it?

Ironically, perhaps the most powerful video came from 300 miles away, in Washington, where President Barack Obama delivered brief remarks about the tragedy. His somber face, the flat tone of his voice, the tears he daubed from his eyes, and his long, tormented pauses said as much as his heartfelt words. He seemed to speak for everyone who heard them.

But TV had hours to fill.

Children from the school were interviewed. It was a questionable decision for which the networks took heat from media critics and viewers alike. But the decision lay more in the hands of the willing parents (who were present), and there was value in hearing what these tiny witnesses had to say.

“We had to lock our doors so the animal couldn’t get in,” said one little boy, his words painting a haunting picture.

In the absence of much hard information, speculation was a regular fallback. Correspondents and other “experts” persisted in diagnosing the shooter, a man none of them had ever met or even heard of until hours earlier.

CNN’s “Piers Morgan Tonight” scored an interview with a former classmate of Lanza’s — with an emphasis on “former.”

“I really only knew him closely when we were very, very young, in elementary school together,” she said.

Determined to unlock Lanza’s personality, Morgan asked the woman if she “could have ever predicted that he would one day flip and do something as monstrous as this?”

“I don’t know if I could have predicted it,” she replied, struggling to give Morgan what he wanted. “I mean, there was something ‘off’ about him.”

The larger implications of the tragedy were broached throughout the coverage — not least by Obama.

“We’re going to have to come together and take meaningful action to prevent more tragedies like this, regardless of the politics,” he said, which may have gladdened proponents of stricter gun laws.

But CBS correspondent Nancy Cordes noted, “There’s often an assumption that after a horrific event like this, it will spark a fierce debate on the issue. But in recent years, that hasn’t been the case.”

Appearing on “The O’Reilly Factor” Friday night, Fox News correspondent Geraldo Rivera voiced his own solution.

“I want an armed cop at every school,” he said.

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School murders silence “cliff” rhetoric as deadline nears

WASHINGTON (Reuters) – Mass murder in Connecticut silenced “fiscal cliff” talk on Saturday as the White House and Congress quietly got ready for a final scramble to avert the tax hikes and spending cuts set for the New Year, with sessions of the U.S. House of Representatives now scheduled just days before Christmas.

President Barack Obama canceled a trip he had planned to make next Wednesday to Portland, Maine to press his case for tax hikes for the wealthy. His weekly radio and Internet address on Saturday focused on Newtown, the site of Friday’s school shootings, in which a gunman killed 20 children and six adults before taking his own life.

House Speaker John Boehner of Ohio canceled the standard Republican radio response to Obama “so that President Obama can speak for the entire nation at this time of mourning,” he said in a statement issued late Friday.

The moratorium on cliff pronouncements masked a growing recognition that the two sides could remain deadlocked at the end of the year on the key sticking point – whether to leave low tax rates in place except for high earners, as Obama wants, or extend them for all taxpayers, as Boehner wants.

With multiple polls showing that the public supports Obama’s position, Republicans in the U.S. Senate prodded their counterparts in the House to make a face-saving retreat, in a fashion that would allow Obama’s proposal to pass the Republican-controlled House while simultaneously letting Republicans cast a vote against it.

Republicans could then shift the debate onto territory they consider more favorable to them, cutting government spending to reduce the deficit.

“Just about everyone is throwing stuff on the wall to see if anything sticks,” one Republican aide said with reference to various proposals being discussed on how to proceed. Alluding to public opinion polls, the aide added: “We know if there is no deal, we will get blamed.”

“We could win the argument on spending cuts,” said a Republican senator who asked not to be identified. “We aren’t winning the argument on taxes.”

However, Republican leaders in both chambers are leery about seeming to cave on taxes. “There’s concern that if we did that, Obama would simply declare victory and walk away and not address spending,” said one aide. “We don’t trust these guys.”

Some of the prodding was coming from Senate Minority Leader Mitch McConnell of Kentucky.

Don Stewart, a McConnell spokesman, said the minority leader in the Democratic-controlled Senate hasn’t embraced any single plan, but has discussed and circulated measures offered by fellow Senate Republicans.

“Senator McConnell does not advocate raising taxes on anybody or anything,” Stewart said.

“We’re focused on getting a balanced plan from the White House that will begin to solve the problem of our debt and deficit to improve the economy and create American jobs,” said Boehner spokesman Michael Steel.

“Right now, all the president is offering is massive tax hikes with little or no spending cuts and reforms,” Steel said.

House Majority Leader Eric Cantor scheduled “possible legislation related to expiring provisions of law,” a reference to the expiring tax cuts, for the end of the week, portending a weekend session.

Cantor has said the House would meet through the Christmas holidays and beyond.

Hopes expressed after the November6 general election of some “grand bargain” on deficit reduction have all but disappeared, at least for this year. This is partly because time is running out and partly result of growing warnings from Democrats in Congress that they would not support big changes in the Medicare program, the government-run health insurance program for seniors that is a major contributor to the government’s debt.

House Democratic Minority Leader Nancy Pelosi of California ruled out one frequently mentioned proposal – raising the age of eligibility for Medicare, in a December 12 CBS television interview.

Asked if she was drawing a “red line,” around that idea, Pelosi said her comments were “something that says, ‘don’t go there,’ because it doesn’t produce money.

(Reporting by Thomas Ferraro and Kim Dixon; Editing by Fred Barbash and David Brunnstrom)

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US prices fall on cheaper petrol

14 December 2012 Last updated at 10:02 ET

US consumers prices fell in November due to a sharp drop in petrol prices, according to official figures, as inflation in the economy remained weak.

The consumer price index fell 0.3% from October, the first decline since May, the US Labor Department said.

The gasoline index fell 7.4% in November, which more than offset gains in prices elsewhere.

Stripping out food and energy costs, “core” prices rose by 0.1% in November, the figures showed.

Over the past year, consumer prices have risen 1.8%, while core prices have increased by 1.9%.

The US economy remains fragile and, earlier this week, the US central bank pledged to continue buying bonds to keep actual borrowing rates low until the labour market outlook improves substantially.

Though the unemployment rate fell to a four-year low of 7.7% in November, statistics suggest that much of the decline in the jobless rate since 2008 has been due to people dropping out of the workforce, either due to retirement or because they have given up seeking work.

The Federal Reserve also cut its economic outlook. It now expects the economy to grow between 1.7-1.8% this year, down from 1.7-2.0% it previously expected.

The latest data came against the backdrop of the looming “fiscal cliff” – the tax increases and spending cuts due to be implemented in January if Congress and the White House do not strike a deal.

The Fed chief said last month that all of the changes would “pose a substantial threat to the recovery”.

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Xbox 720 and PlayStation 4 might not launch until 2014

Nintendo (NTDOY) says its kickstarted the next generation of video game consoles with the Wii U. But considering its graphics and processing power are comparable to Microsoft’s (MSFT) Xbox 360 and Sony’s (SNE) PlayStation 3, hardcore gamers are holding out for the next Xbox, tentatively dubbed “Xbox 720,” and next-generation PlayStation, tentatively called PS4. Rumors insist Microsoft and Sony will both launch their next consoles in the fall of 2013, but SemiAccurate, the website that first reported the next Xbox could see a delay, says there is a bit of confusion over how the consoles are progressing and when they’ll arrive.

According to SemiAccurate, the next Xbox is currently code-named “Kryptos” and not “Durango” anymore, and the next PlayStation is now code-named “Thebes” rather than “Orbis.” The PS4 will reportedly have a 28-nanometer AMD chipset and will be produced by IBM or Global Foundries.

SemiAccurate says the PS4 could be released in spring of 2014 or fall 2014 and the Xbox 720 could still see the delay from fall 2013 to 2014.

Xbox World claimed last month that the next Xbox will have a Blu-ray disc drive, Kinect 2.0, directional audio, TV output and input, an “innovative controller” and support for augmented reality glasses – all packaged in a magnesium alloy shell that will supposedly use the same patented “VaporMg” process found on the Surface tablet.

Not only that, but Microsoft is also working on an “Xbox Lite,” according to reports from earlier this year.

As for PS4 details, VG247 reported in November that Sony has already sent out various developer kits with specs including 16GB of RAM and 256GB of storage.

Sony and Microsoft are expected to reveal their next consoles at E3 2013 this coming June.

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“X Factor” judge L.A. Reid quitting TV talent show

LOS ANGELES (Reuters) – L.A. Reid, “The X Factor” judge, says he is leaving the TV talent show next season after two years on the panel.

Reid, 56, chairman and chief executive of Epic Records, told “Access Hollywood,” the television program and website, he has decided to leave the Fox reality singing show to return to the record label full time.

“I have decided that I will not return to ‘The X Factor’ next year,” Reid told “Access Hollywood” late Thursday. “I have to go back and I have a company to run that I’ve kind of neglected, and it saddens me a little bit, but only a little bit.”

He added that the show was “a nice break, it was a nice departure from what I’ve done for the past 20 years, but now I gotta go back to work.”

Fox declined to comment on Reid’s departure on Friday.

Reid joined “The X Factor” when Cowell introduced the show in the United States in September 2011. Reid sat alongside Paula Abdul, former Pussycat Dolls singer Nicole Scherzinger and Cowell.

Cowell fired Abdul and Scherzinger after a disappointing first season and brought in pop stars Britney Spears and Demi Lovato.

But “The X Factor” audiences have dropped this year to an average 9.7 million from about 12.5 million an episode in 2011.

The show broadcasts a two-part finale next week with the winner earning a $ 5 million prize and record contract.

Epic Records, a unit of Sony Music Entertainment, which commands a roster of artists including Avril Lavigne, will sign the winners of “The X Factor.”

(Reporting by Piya Sinha-Roy; editing by Jill Serjeant and Jeffrey Benkoe)

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U.S. to finalize stricter soot standards on Friday

WASHINGTON (Reuters) – The Obama administration will finalize stronger limits on harmful soot pollution from power plants and diesel engines on Friday, two health groups said.

The new standards, which the Environmental Protection Agency was under court order to finalize, will limit annual average soot emissions to about 12 micrograms per cubic meter of air from the standard of 15 micrograms set in 1997, the groups said.

Individual states will be responsible for deciding how to limit the emissions of fine particulates, which can threaten the elderly, people with heart disease and children.

When the EPA proposed the rules in June it said only six counties in California, Arizona, Alabama, Michigan and Montana are out of compliance with the standard. It also said the reduction in health bills from the standard would far outweigh the costs to industry.

(Reporting by Timothy Gardner; Editing by Gerald E. McCormick and Bob Burgdorfer)

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