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Film producer Sundeep Bedi of Bandit Queen , Maqbool fame filed a petition in the SC. He pointed out that certain states discriminated between regional films and non-regional films, particularly Hindi films when it came to levying entertainment tax. His counsel A M Singhvi informed a bench of Justices R M Lodha and M B Lokur that,'' The discrimination forms a larger issue affecting the entire film industry despite the law being well-settled by the SC in an earlier case.'' The state is empowered to impose, regulate and collect taxes on entertainment related services, such as, tax levied on the tickets, for admission to Cinema Theatres, plays and performing arts. The petitioner's lawyers Singhvi and Ameet Naik said that Maharashtra, West Bengal , Karnataka and Gujarat have granted exemption in entertainment tax levied on regional language films but continue to impose ''exorbitant entertainment tax'' on Hindi films in some cases as high as 70% of a ticket value. The states' move flouts previous orders of the SC, it said. The SC had barred classification only on the basis of language and held it to be arbitrary and unconstitutional in a case where Andhra Pradesh had granted exemptions to Telugu films only on the basis of language.
Source: http://timesofindia.indiatimes.com/entertainment/bollywood/news-interviews/Film-producer-challenges-discrimination-in-entertainment-tax/articleshow/21479486.cms
GAAP reported sales were 16% higher than the prior-year quarter's $723.3 million. Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates. EPS details EPS came in at $0.36. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.33 per share.
Source: http://www.fool.com/investing/general/2013/07/26/regal-entertainment-group-beats-analyst-estimates.aspx
Dan Loeb accuses Sony of treating entertainment arm like 'red-headed stepchild'
If you would like to ask questions and be an active participant in the call, you may dial 877-637-3723, or 832-412-1752 for international callers, and enter Conference ID 14390108 approximately 10 minutes before the call start time. A recording of the live call will be available on the Company's web site for 90 days after the event. About Caesars Caesars Entertainment Corporation is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, 75 years ago, Caesars has grown through development of new resorts, expansions and acquisitions and now operates casinos on four continents. The Company's resorts operate primarily under the Caesars, Harrah's and Horseshoe brand names. Caesars also owns the World Series of Poker and the London Clubs International family of casinos.
Source: http://finance.yahoo.com/news/caesars-entertainment-reports-financial-results-200000455.html

Excessive Entertainment Worries Chinese TV Regulators
Also July 25, 2013, 5:00 a.m. Entertainment Partners, the Burbank payroll and production services company, is expanding into Puerto Rico. The company said it was opening a new affiliate office in San Juan to be called EP Puerto Rico. In addition united states to payroll http://aleidabraz.soup.io services, the new office will also provide production incentive services, including film financing and tax credit placement. The office will expand services previously provided by Pay1Bill Film Services, which has been working with the film industry in Puerto Rico since 2001. ON LOCATION: Where the cameras roll Entertainment Partners aims to capitalize on the Caribbean island's expanding film business.
Source: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-entertainment-partners-20130724,0,5274888.story
Entertainment Partners expands into Puerto Rico
In the letter, Mr Loeb said that Sony Entertainment's profitability is well below its competitors despite the division generating superior revenues. He singled out Mr Hirai, who has said Entertainment is "doing just fine", but also criticised a general culture at the business. "Unlike Electronics, Entertainment remains poorly managed, with a famously bloated corporate structure, generous perk packages, high salaries for underperforming senior executives, and marketing budgets that do not seem to be in line with any sense of return on capital invested," he wrote. He also compared Sony Pictures' summer releases After Earth and White House Down, which saw lukewarm receptions at the box office, to Waterworld - the 1995 flop starring Kevin Costner, which at the time was the most expensive film ever made - and 1987's Ishtar. Related Articles Daniel Loeb: the hedge fund tycoon taking on Sony 14 May 2013 "We find it perplexing that more... Mr Hirai does not worry about a division that has just released 2013s versions of Waterworld and Ishtar back-to-back, instead giving free passes to Sony Pictures Entertainment Co-CEOs Michael Lynton and Amy Pascal, the executives responsible for these debacles," he wrote. "To us, these latest blunders are prima facie evidence of our thesis that Entertainments US-based business is being ineffectively overseen and needs its own governance structure led by a board whose job it will be to worry about such troubling results." Mr Loeb urged Sony to spin off Entertainment - which includes the Hollywood film studio behind Skyfall and one of the world's biggest music labels - in May.
Source: http://www.telegraph.co.uk/technology/sony/10210800/Dan-Loeb-accuses-Sony-of-treating-entertainment-arm-like-red-headed-stepchild.html
Caesars Entertainment Reports Financial Results for the Second Quarter 2013
Shows that have been produced but not aired will be delayed till after summer. While those currently on air will have to be timed so as not to screen on multiple channels at the same time. The success of shows including The Voice of China, Chinese Idol and Happy Boys has sparked numerous copycat shows. Between http://josiahvcqd.wordpress.com 2009-2012 shows based on some 30 foreign formats were authorized. The SGAPPRFT said the new moves are intended to promote diversity and sites to avoid repetition of similar programs and offer audiences more choices. The copycat shows have also driven TV production cost inflation, notably the appearance fees charged by celebrity judges.
Source: http://variety.com/2013/tv/international/excessive-entertainment-worries-chinese-tv-regulators-1200569022/
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