i'm julia boorstin.r big weekend at the box office, with paramount's zombie action picture, "world war z," opening in 3,600 theaters nationwide. last night, the film grossed $3.6 million, putting it on track for a $45 million weekend here in the u.s. now, paramount spent around $200 million to make the film, plus tens of millions of more to market it. it's a bigger risk on a original content than some of the established mans like "ironman" or "man of steel" we've seen so far this summer. looking to recoup its costs and build because, paramount and theater chain regal introduced the first-ever megaticket. $50 bought access to a wednesday prescreening, a digital downloading of the film, 3-d glasses and a limited edition paurs. the test was successful now they're looking for way to roll out more megatickets with future films. it's not quite the $150 tickets george lucas predicted when i interviewed him last week, but it is key experimentation to help the studios grow profits. >> and how is the summer box of

woodsy owl goes down. >> you're coming back next hour. >> and julia boorstin is the winner. >> julia now. >> yeah, yeah. all right. going head to head next hour and dole back with another $1 million summer home in another mystery location. that's on "street signs," and later she will crown the top house during the "closing bell" with maria bartiromo. and thank you, dolly. >> thank you. >> good to see you again, always. >> galveston. the big winner in today's rally coming up when we return. [ male announcer ] we've been conditioned to accept less and less in the name of style and sophistication. but to us, less isn't more. more is more. abundant space, available leading-edge technology, impeccable design, and more than you've come to expect from a luxury vehicle. the lexus es350 and epa-estimated 40 mpg es hybrid. this is the pursuit of perfection. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with o

julia boorstin reporting from the company there has been an outage.r for more than five years. this is one of the worst outages i've seen. i'm able to pull up some of the pages. it's clear the service is really struggling right now to come fully online. >> it's a story we'll continue to follow. let you know when twitter is back up and running. >>> meantime, retirement is not often a topic of conversation when you're in your 20s. but some experts say 20s, but some expert says waiting to save can really cost you. according to liz westin, author of "deal with your debt." if you save money in your 20s and stop decade later, you'll have more at 62 than someone who starts saving in their 30s. >> first allied securities. good afternoon to you both. >> thanks, good afternoon. >> gash. >> let's start with you. so your point here is less about stopping saving at 30 than starting early. >> thank you, yes. how important it is? >> it's incredibly important. this is the message we need to get across. the parable of the twins is something financial planners have bee

julia boorstin now with what we can expect. zblchl that's right. deal with sony music. now it has all three major music labels on board and will develop i radio on monday. it will roll out this fall, be free and ad-supported with personalized play list similar to pan door ya's service but control over what songs you hear like spotify's on-demand service. i radio will look to have listeners buy music from itunes. pandora's user numbers, which it revealed today, in may, pandora's active listeners grew 33% from a year ago to 71 million, as listener hours grew 22% to 1.3 5 billion hours. pandora's stock has suffered in the past, but today, the stock moved higher, as it is the internet radio leader. now, the big questions now are, how much i radio will eat into pandora's market share and how apple will grow its ad business to support its free radio service. now, ads have not been apple's strong suit. melissa? >> thank you, julia. wwdc happens on monday, not too much expected. largely a soft ware conference. this could move the needle for some like a pan

excited about some or other of the products or ad formats and that could be with revival -- >> julia boorstin knows this company bet are than anyone. julia, from our sources, what do people make of facebook's inability to keep up with other companies? the fact that it got to that level of 30. everybody thought it was back and then in fact it had gone in reverse since then. what are your sources telling you why? >> i think it does come down to mobile. anthony mentioned that face book would be, wherever you are on your smart phone. and facebook did launch or the introduction of its face book home app, sort of a mobile super app. but a lot of disappointment but how it was received once it was available. i think there is concern that face book understands its mobile issue and understands it needs to make more money on mobile devices but there are worries people won't want to see the ads in the news stream on their mobile devices and that could be frustrating. and their attempts to redo the way people use facebook on their mobile devices hasn't been well received. and there is a question of how th

entertainment and cable giants are in washington for the cable industry show, and first on "power lunch" julia boorstin now with viacom ceo felipe dumond. julia, over to you. >> thanks so much, sue and thanks for joining us here at the cable show. >> great to be here, julia. >> the big question on everyone's mind here at the cable show is how big a threat is cord-cutting, and what are you doing to battle it? >> i don't think cord-cutting is a threat. in reality, if you look at all the technological advancements and all the great content that exists today and the ability of people to watch that content on multiple screens, there's never been a better time for television, so, in fact, you've seen a number of subscribers stable during the recession and starting to grow again. >> but there have been various indications that we will see cable subscriptions decline over the next few years, and in the first quarter we already did see some, you know, notable erosion, and so i guess the question for you as a content provider is what do you think the cable distributors need to do to keep this from being a proble

julia boorstin moderated the panel. good to see you both.for joining us. >> great to be here. >> what do you think in terms of movie-goers. do you invention that taking place? >> i think an alarmist opinion on stephen speilberg's part. there is truth to what he is saying. movie ticket prices in urban centers like new york and l.a. they are already climbing to pretty extraordinary heights. if you get something imax and 3-d you could pay over $20 a ticket. but the reality is, the national association of theater owners they still say that average ticket price in america is only 7.96. in small towns and with matinees, not all -- a lot of theaters there, their top ticket pro price tops out at $7, which does interesting for new york city. >> and the movie ticket on the big budget films, he said that some really big budget films will flop and yet -- >> well, that right, maria. and i want to point out that george lucas said we could see ticket prices as high as $100. and i think he put out that $100 number because he said those movie-going experienc

in but cannot react to what we're about to say so on our panel is cnbc entertainment reporter julia boorstin greg selkoe ernst & young named him entrepreneur of the year in northeast. one of his key business producers is rapper throwe williams. julia, what do you think about this? >> i think it's interesting they are crowd sourcing all of the information. the big question is how they will make money. may have low costs but still need to figure out how to generate revenue. >> sounds like a hip-hop wikipedia, doing things from poetry and bringing things in from the bible, but feels like something already out there and already in use so he needs to add value beyond in a. >> i think it's great. sounds like he's definitely creating an interface that's attractive and interesting but i think, you know, no matter how many different genres he expands to he still hasn't answered the question what's the financial model. >> the panel has lots of questions for you and come over here and sit in the slightly warm if not hot seat. great to see you. >> great to see you. >> greg, i know you have a burning que

julia boorstin joins us live from los angeles with jeffrey katzenberg. julia, over to you. >> reporter: thanks so much, sue, and jeffrey, thanks so much for talking to us today. this deal with netflix, you're the biggest content deal netflix has signed yet. the big question is why is dreamworks animation giving its content to netflix and not a cable tv channel? >> interestingly right now today this is where family and kids are. they right now are probably the number one destination for kids and for looking at television. it's quite a shift. >> does it mean you're getting paid more from netflix than you would nickelodeon? >> let's just say it's a really good arrangement. >> you won't give us the financial terms? >> i will not. >> you're making the shift from licensing characters and to making tv shows. why is now the right time? >> a number of things. one, we had a transition out of a deal at paramount where we didn't have these rights. number two, we made this acquisition of classic media. number three, we suddenly have arrived at a point where we now hav

julia boorstin joins us next with what's next on the two companies. julia. >> reporter: hi, sue. rupert murdoch's fast growing cable tv assets as well as its movie studio will become part of the new 21st century fox. the publishing assets which are slower growing than the company called amplify will remain part of news corp. it's being called one of the most robust earnings growth stories for media for the next three to five years. the new fox says market value is about $67 billion. it's expected to benefit from growth, from international and domestic cable channels and the launch of a national sports channel fox sports 1 in august. goldman sachs projects the new news corp. will have a market cap of nearly $10 billion. the paper is including the "post" and "the sun" have suffered from ad declines and the current scandals. the publishing business is being left with a $1.9 billion net loss in the last fiscal year, but rupert murdoch is leaving news corp. with a gift, $2.6 billion in cash and no debt. that's in stark contrast to the debt on rival publishe

let's get out to julia boorstin live at the biggest cable conference and she's talking to the ceo ofer cable. >> i'm globed by glen britz of time warner. thanks for joining us today. that's the question. why do you want to buy or invest in hulu? >> i read in the newspaper we're interested in hulu, but that's really all i can say about it. >> can you tell us what you would do if you did get a -- >> we never comment on speculation like that. >> so moving on, let's talk about your business. your margins are contracting, and you're going to have to pay more for content costs while viewers are continuing to cut the cord. is the business model under siege? >> too large and too expensive for lower income people, and it would be good for all of us to work together to create a little more choice, the big package, but also some smaller packages. >> does that mean you support the unbundling legislation proposed by senator mccain? >> i think that having 300 networks all a la carte and the customers going through that is too extreme but having more choice and more flexibility is something that wo

julia boorstin with details on that. >> reporter: bill, since may, three major corporate vcs have launchedt and bloomberg, more than 750 companies had corporate vc units. the numbers have grown since then. now the first quarter, corporate vcs were involved in 17% of all deals contributing nearly 8% of all vc dollars according to price water house coopers. now, many corporate vc arms like city banks, cnbc's parent comcast and microsoft, looked to invest in innovators in their space to form strategic alliances. while others like google's venture, targets from their assets. >> during the last three months, april, may and june, we've had our top ten selling days at the center on ebay and three of those occurred this week. so we know that there's tremendous demand coming out of the united states public looking for physical gold and silver. >> that was -- i believe that was the wrong sound bite there. so google ventures said to us they've got this giant corporation and all of these resources that can be helpful to start-ups and vanessa colello says they're looking in the payment space for the fa

we want to get right to julia boorstin, she's looking ining a story. >> the nfl is embracing mobile, announcing it will make more live games available to verizon wireless phones. the four-year verizon deal extension is valued at $1 billion. nearly 40% more than their last four-year deal. the nfl mobile by verizon app costs $5 a month. starting next year, smartphone subscribers will have live-streaming access to all regular-season cbs and fox games in their home markets. previously, only playoff games leading up to the super bowl were available. now, the tablets are still on the sidelines. they can only be used to access highlights and game clips. but users can watch with wi-fi, so they don't eat up their data. and the app is exclusive to verizon mobile subscribers. now, the nfl also collects $1 billion a year from directv for exclusive satellite tv access to its sunday games, a deal which expires after the 2014 season. and just two weeks ago, the nfl inked another five-year deal, this one with microsoft to include nfl content on its new xbox one console, paying the nfl $400 million.

. >> i'm julia boorstin.ay's "power pitch" a company aiming to make a one-stop stop for green products. josh neblett founded the company in college. this year he was instrumental in the acquisition of eco-mom, an online company for eco-friendly kids products but can he win over the panel? let's take a look at his power pitch. >> my name is josh neblett, co-founder of online retailer for 20,000 eco-friendly products. founded in 2008 as a college student. we've maintained a -- 2013 in sales are expected to be north of 25 million. in addition to our engaging shopping experience and over the top customer service we prevent green washing. every product we carry on the site must contain one of our 25 unique eco-traits including organic, non-taxic and energy efficient. our success can be attributed to our fun-loving culture. we'll continue to develop and innovate, standardizing the drop ship model and automating mundane tasks. i subscribe 100% to marc andreessen the leader in tomorrow's retail will be those with the

. >>> i'm julia boorstin with your cnbc market wrap.erated in the final hour of training. dow up 138 points. s&p 500 and nasdaq add 9. >>> one big winner today was merck. shares jumped nearly 4% after the company's melanoma drug shrunk tumors in 38% of patients with advanced melanoma. >>> automakers ford general motors posted strong sales in ma may. that's it from cnbc, first in business worldwide. now back to "hardball." >>> well, here's some recent unpleasantness. just when you thought it couldn't get worse at the irs, a new report out from the treasury department, coming out tomorrow, will detail nearly $50 million spent on conferences for employees between 2010 and the year 2012. one meeting in anaheim, california, for 2,600 workers from maryland. they all trooped out there on an airplane. cost $4 million. some perceived, or received perks that included presidential suites. apparently very expensive. like $3,500 rooms and baseball tickets. employees were shown videos of their colleagues, one even performing a dance called the cupid

they spoke exclusively to our own julia boorstin who joins us this morning in los angeles. n spielberg and george lucas came together at the unveiling ofu sc's interactive media building to give the next generation of filmmakers new tools. spielberg is predicting the entertainment landscape will be transformed after a number of mega budget movies will flop at the box office. he says they will emerge stronger but totally different. >> eventually there's going to be -- you know, there's going to be a price variance for -- you're going to have to pay $25 to see the next "iron man," and you're probably only going to have to pay $7 to see "lincoln." that will be in the future as well. >> sit in the theaters for a year just like a broadway show does and that's going to be what we callmovie business. everything else will look like cable television on tivo. >> spielberg says there will be the rise of a whole other type of entertainment, immersive experiences from the comfort of your own home. >> there's going to be a time when we're going to be so interactive with our story telling

. >>> meantime, shares of pandora falling sharply on news of apple which julia boorstin has. julia?g music service. apple just closed a deal, both recorded music and music publishing divisions in order to include that music in xwha what we expect to be an i radio service which could launch at a apple, they will be paying morgan music twice the fees in the music publishing that pandora does. this could pose a big threat to pandora competitively. back over to you. >> watching pandora there. began the day down, 2%. now down almost 11% as people are watching the streaming music service space pretty closely. thank you, julia. >>> the manual asco meeting being held in chicago. who are the winners and losers in the fight against cancer? jackie deangeles has that. >> on the move this morning bristol-myers, you've mentioned it, presenting positive data on the immune no therapy treatment. results from a trial show that bristol-myers drug shrank tumors in 31% of the patients with advanced melanoma. the drug works by disabling a mask on tumors from the immune system. by blocking the masking act

dora has a new home and julia boorstin has more on that. >> reporter: good morning, carl.more appealing getting a new advantage over netflix as kids programming becomes a new battleground for the future of television. amazon has announced multi-year agreement. giving sub describers instant screening access to nickelodeon's kids' shows and it will be exclusive streaming for many of them including hit programs like "dora the explorer," where some of them are available for the kindle kids service. >> downtown abby and skrbs movies and television show, this is its highest profile deal yet, indicating amazon's willingness to vest, to take on netflix. this comes just a few weeks after netflix announced it wasn't renewing its contract with viacom as it added more disney shows. so last week i asked netflix ceo reid hastings if failing to secure viacom content would be a problem. >> we have them that come out on network and come out on netflix. if you're a parent coming out with "blue's clues" that is a problem. we have a ton of great shows from disney and cartoon network and there

julia boorstin joins us. >> facebook is being characteristically mysterious about its announcement comingsent out a physical information, that's right, snail mail, saying a small team has been working on a big idea with a coffee cup stain ring in the corner. one thing is for sure. whatever facebook unveils, it's sure to have something to do with mobile. where facebook has been focusing to keep its shifting user base engaged and to figure out how to generate more revenue. after some speculation that the announcement would be about a news reader, the big bet now is that it will be a short form mobile video sharing service. an extension perhaps of photo sharing service instagram. this comes as twitter's vine which allows users to share six seconds of video has exploded in popularity since launching in january. earlier this month sharing of vine videos surpassed the number of instagram photos shared on twitter. twitter announcing in four months vine has drawn 13 million y users. the company has said it will announce more features to make it easier to have public conversation about, say, curre

jul jul jul julia boorstin has more. >> reporter: dream works oig animation builds out its television a deal for 300 hours of new original shows based on dreamworks big franchises like shrek and country few panda. the shows will launch starting in 2014 and available to all of netflix's globalrssubscribers. it's in contrast to the nickelodeon kid shows that netflix lost when it did not renew its deal with viacom. in an interview, the c empeo sae was frustrated with the restrictions. >> it's a real problem with some of the shows when they come off like blues qulu s clues. if your child is used to that show and there is nothing we can do about it because some shows come out a window, some come on. it's this whole windowing system that hollywood has and we're doing our best because we know what the consumer wants which is to be able to get everything and to be able to rely on it. so we're definitely working towards that. >> this is a big move to dreamworks, becoming a true tv studio rather than licensing its characters to other tv producers. it will help diversify its revenues away from t

julia boorstin is live at that event and joins us now. what is the fate of the start button?teve balmer to take the stage and unveil windows 8 to developers coming here. he's going to urge them to build app that is will work across all of microsoft's various devices and to help the company catch up with apple. apple has 900,000 apps listed. microsoft has 80,000. windows 8.1, a free software upgrade, is designed to be more user friendly responding to complaints about the prior version. it will bring back popular features like the start button. it will also feature the ability to customize and file saving in the sky drive cloud, an upgraded windows store and built in apps to make the system more intuitive for pc users and create a platform to bring in developers to create more apps. we do expect to see a new model of surface and the announcement of a seven-inch addition as microsoft looks to compete with other smaller tablets. we will hear comments about microsoft and oracle's partnership which was announced earlier this week. they're teaming up on cloud computing to help custo

julia boorstin joining us with that horse race. >> well, sources say that the bid will come in $800 millionpply their bids a week from today, and that deadline was extend ed to give the bidders time to finalize the financing plans. sources tell me that today, the purchase agreements or the terms of the complicated deal are due. directv is a lead contender, and it wans to use hulu to grow the online presence and reduce the hedge cutting. the flipside of that is that hulu's parent disney and news corps may not want directv to have more leverage. going head tohead is peter cheranyone group with at&t, and guggenheim digital media is said to be out. and so time warner cable wants to invest rather than buy hoo lieu flatout although yahoo! is looking to invest. who is hulu? well, it is a about 4 million subscribers at the end of qe1. and the company is not wanting to deliver content for e three years and that is not much, and the owners get $8 of the monthly fee. though comcast is a co-owner with disney and it is not part of the negotiations. the longer the uncertainty for hulu, the harder it is f

live from the national cable show, our julia boorstin joins us with comcast chairman and ceo, brian roberts got off the stage where you unveiled the next generation of comcast operating system, x2. tell us how it's different. >> it starts with our goal, which is to take all the intelligence out of the cable box and put it in the cloud. that allows us to innovate faster. we have made over a thousand changes since x1 in only a year, so it's smarter, it's personalized, it's easy, it's fun, and it's beautiful and prettiest work we have done and at the same time gets you to your content faster. it learns about your behaviors and your preferences, and we're pretty excited. you can talk to the remote control and change channels or do a movie search or an actor search. a whole lot of things. you have to play with it and i think you'll get what we're excited with. >> you played with the voice control yesterday. that was pretty cool. i thought it was interesting you're integrated you tube. you're allowing people to search for content on the table networks or youtube. i'm wondering why you're featurin

boorstin. it feels like a case of deja vu for australian political watchers. supporters of former prime minister kevin rudd are working to oust the current prime minister julia gillardher role as labor party leader. matt taylor is live in sidney. matt, this is amazing. it's unbelievable how quickly things can change and how important tonight will be. >> reporter: yeah. that's absolutely right. of course there had been some agitation for a change in the labor party leadership. for the last couple of months, given the dire polling that's been coming out with julia gillard as leader, ahead of the election on the 14th of september but it has come to a head this evening with the prime minister calling for a leadership ballot. that will take place in about 35 minutes time from now. 7:00 p.m. australian eastern time. with both sides of the political spectrum saying that they believe they have enough votes to win, that being julia gillard and also kevin rudd. take a listen to what some of the prime minister julia gillard had to say a short while ago when she announced this ballot would be called for 7:00 p.m. tonight. >>> i wouldn't be putting myself forward unless i had a