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Tracking the week’s ups and downs in the business of entertainment.
UP: Joss Whedon
The Avengers director is breaking records overseas, with the film on track to gross $500 million in just 10 days of global release.
DOWN: Joel Silver
The one-time Warner Bros. superproducer (The Matrix, Sherlock Holmes) is kicked off the lot, marking the end of the era of lavish producer deals.
UP: Ryan Seacrest
The mogul closes a two-year, $30 million deal to remain host of American Idol within a week of inking a rich new pact with NBCUniversal that includes Today appearances and Olympics coverage. Oh, and E! extends his Kardashian franchise by three years.
DOWN: The Murdochs
A U.K. phone-hacking report says Rupert is “unfit” to run the company and James showed “willful ignorance” to issues at News International.
UP: Amazon.com (AMZN)
Web giant reports strong first-quarter financials. Benchmark analyst Daniel Kurnos raises target price to $260.
DOWN: Netflix (NFLX)
Beats first-quarter earnings expectations, but analysts worry streaming is cannibalizing more-profitable DVD business.
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