Monday, April 28, 2008

Starbucks retreating from music business (SBUX)

And after their movie venture "Arctic Tale" worked out so well:

When compared to Di Caprio's "11th Hour".*

From Box Office Mojo: Domestic Total Gross: $833,532
Foreign Total as of Apr. 20, 2008: $1,020,838
From the L.A. Times:
Starbucks, ‘Arctic Tale’ frozen out at box office

The polar bears of “Arctic Tale” have gotten a chilly reception in movie theaters despite Starbucks Corp.’s serving up promotional materials in thousands of stores.

The Paramount Classics documentary, co-financed by National Geographic Films, has failed to draw the crowds that flocked to other recent environmental movies such as Oscar winners “March of the Penguins” and “An Inconvenient Truth.”

Costing less than $5 million to produce, the film has grossed roughly $600,000 domestically since its release July 25.

Here's the music story from Blogging Stocks, I really just wanted to rib SBUX for forgetting their roots.
*Leo's venture into the eco-flick genre was probably 0ver-the-top with the volcanoes.
(and I just used up all my Hollywood lingo in one sentence)
From Box Office Mojo:
Domestic: $707,343 72.8%
+ Foreign: $264,180 27.2%

= Worldwide: $971,523