Warner Home Video’s Troy was the top-rented DVD in the U.S. during its first week available, Rentrak said its preliminary Home Video Essentials data for the week ended Jan. 9 showed. The title earned $10.3 million in its first week on DVD. Universal Home Entertainment’s comedy Anchorman: The Legend of Ron Burgundy -- last week’s #1 DVD -- dropped to #2 in its 2nd week, earning an additional $5.62 million, for $13.96 million to date. Also seeing strong rentals in their first week were Columbia TriStar Home Entertainment’s comedy Little Black Book at #6 ($4.22 million on DVD) and New Line Home Entertainment’s comedy Harold & Kumar Go to White Castle at #8 ($3.92 million).
Just a day after his investor group lost out to Movie Gallery in its Hollywood Entertainment buyout bid, Hollywood CEO Mark Wattles on Tues. bought a majority of financially ailing Ultimate Electronics and became its chmn., it was disclosed Wed. in an SEC filing. The same day, Ultimate also filed for Chapter 11 protection in U.S. Bankruptcy Court, Del.
The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of certain stainless steel butt-weld pipe fittings from Taiwan for the period of June 1, 2002 through May 31, 2003.
U.S. Dist. Court Judge Donetta Ambrose set March 3 for a preliminary hearing in the SightSound Technologies v. Napster case, in which SightSound alleges Napster reneged at “the 11th hour” on a licensing agreement for digital music distribution. SightSound settled a patent- infringement case favorably last Feb. with N2K and CDNow, recognizing 3 patents at issue with Napster as “valid and enforceable.”
U.S. Customs and Border Protection (CBP) has announced that the 2005 low-duty tariff-rate quota (TRQ) for North American Free Trade Agreement (NAFTA)/Mexico peanuts provided for in HTS Chapter 99, Subchapter VI, U.S. Note 16, which opened on Monday, January 3, 2005, did not oversubscribe at the opening. Therefore, all entries presented at opening have been charged and may be released. (See ITT's Online Archives or 12/22/04 news, 04122235 2, for BP summary on CBP's notice announcing this 2005 TRQ.) (QBT-05-501, dated 01/06/05, available at http://www.cbp.gov/linkhandler/cgov/import/textiles_and_quotas/qbts/qbt2005/05_501.ctt/05_501.doc)
Just after Hollywood Entertainment CEO Mark Wattles disclosed to the SEC that he has begun negotiations with Ultimate Electronics on “a wide range of possible transactions,” including additional investment in the financially ailing retailer, Movie Gallery announced a definitive agreement Mon. to acquire the Hollywood chain for $13.25 per share. The deal amounts to about $850 million in cash, plus the assumption of $350 million in debt.
U.S. Customs and Border Protection (CBP) has issued a general notice announcing the two-year extension of the quota preprocessing program (QPP) test, in order to provide for the electronic processing of certain quota-class apparel merchandise prior to the arrival of the importing carrier, through December 31, 20061.
With interest in ultra wideband (UWB) on the rise in the U.S. and parts of Asia, Europe is wrestling with whether and how to regulate the new technology. The most vexatious issue -- how to prevent UWB frequencies from interfering with existing services on the same frequencies -- is under study by several groups and the UWB industry is pressing the European Commission (EC) to act, sources said. However, they said, resistance to UWB from some quarters, and the fact that the technology isn’t a top priority for the EC, has left UWB’s status in Europe unsettled.
The International Trade Administration (ITA) has issued its preliminary results of the following antidumping (AD) duty and countervailing (CV) duty administrative reviews:
The International Trade Administration (ITA) frequently issues notices on antidumping (AD) and countervailing (CV) duty orders which Broker Power considers to be "minor" in importance as they concern actions that occur after an order is issued and neither announce nor cause any changes to an order's duty rates, scope, affected firms, or effective period.