Tom Cruise's United Artists (UA) studio will retain its $500 million film-financing fund despite a Wall Street meltdown reportedly putting the deal in jeopardy. Financial services firm Merrill Lynch offered UA the sum at the end of last year (2007), but studio bosses feared the current volatile financial situation in the U.S. would force the company to pull out of the funding deal since they were

Angelina Jolie and Brad Pitt have donated $2 million to set up a children's hospital in Ethiopia. The clinic will target kids suffering from tuberculosis, HIV and AIDS. The pair chose Ethiopia because it's where they adopted their three year old daughter Zahara. Jolie and Pitt had said that it's their hope that when Zahara grows up she will take responsibility of the clinic and

Hollywood heavyweights Brad Pitt and George Clooney have struck hard gold at the box office. Their new movie 'Burn After reading' has debuted at the top of the chart. The Coen Brothers comedy took $19.4 million in its opening weekend, beating another new entry, Tyler Perry's The Family That Preys. Al Pacino and Robert De Niro collaboration 'Righteous Kill' opened in third, ahead of Meg Ryan's movie

Time Warner's DC Comics is attempting to pull copies of All-Star Batman & Robin the Boy Wonder   from dealers' shelves after it was discovered that a number of four-letter slang 'f**k' that were supposed to be blackened out in the dialogue bubbles could clearly be seen under the black-out ink. DC issued a statement apologizing to retailers and fans, but the New York Post reported

Ashok Amritraj, our man in Hollywood, has another feather in his illustrious cap. His latest production 'Traitor' has emerged a hit, climbing to the No.5 position at the US box-office in its second week run. The thriller starring Academy Award nominee Don Cheadle with Guy Pearce, Said Taghmaoui, Neal McDonough and Jeff Daniels, has also received rave reviews across America, while grossing nearly $20 million (which

Nearly three months after it was announced, the $500-million deal between India's Reliance and DreamWorks has still not materialized. "Insiders insist the basic deal remains intact. On Monday, it was reported that Steven Spielberg was currently meeting with Anil Ambani, chairman of Reliance, to finalize the deal and that it could be announced this week, but the week has passed without an announcement. At the