Hollywood's Recession Is Over, Declares MurdochS

Just like Murdoch to go and ruin everything for everyone. Just when the studios had a great excuse with this recession thing to slash salaries and fire everyone in sight, along comes Rupert singing "Happy Days are Here Again."

• As earning seasons reporting continued, NewsCorp came out on the winning side of the ledger, with profits up 11 percent in the past quarter with the picture for broadcast turning around. "The best results we've seen in seven quarters," is how Rupert Murdoch described the broadcast numbers. The company's dark cloud in the cheer: MySpace, which is failing to meet the deliverables in its deal with Google. "With MySpace, we are in a state of transition," was how NewsCorp's CEO described the once mighty social networking site's search for a new raison d'etre. And you know how those states of transition go online...[Variety]

• Taking those numbers with others from this earnings season, The Wrap is ready to call it a "media rebound." [The Wrap]

• Just when he seemed to be getting a head of steam on a good post-Oscar win bout of paralysis and indecision, one of Hollywood's finest traditions, director Danny Boyle has cut the party short by announcing his next film. And what could be a more obvious story to tell than 127 Hours, the true tale of a hiker trapped under a boulder who eventually cuts his arm off to escape? [Variety]

• The troubled pre-season of The Tourist may now have a A list team attached. Johnny Depp is in talks to star opposite Angelina Jolie in the film. Earlier star Sam Worthington and director Florian Henckel von Donnersmarck both removed themselves from the project over "creative differences." [Variety]

• Continuing the Jackson watch, the movie has thus far brought in $125 million internationally. [The Wrap
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• Disney has settled the lawsuit brought against it by the makers of the Luxo Jr. lamp that has become the Pixar trademark. Rather than celebrating the celebrity brought to it by its high profile association, the Swedish company that manufactures Luxo sued for trademark infringement after Pixar included copies of the lamp in special editions of the Up dvd's, saying Pixar's unauthorized use of their product would "cause devastating damage to Luxo and dilute the goodwill which Luxo has built up." [Hollywood Reporter]