Second-quarter net income was 302 billion won ($239 million), almost double the 161 billion won median estimate of 22 analysts surveyed by Bloomberg News. Third-quarter prices will probably increase “gradually” from the preceding three- month period, the Seoul-based company said in a statement today.
Sales climbed 16 percent to a record after government subsidies helped spur television sales in China, leading Japans Sharp Corp. to raise production capacity and Taiwanese panel makers to predict higher revenue in the past week. LG said today shipments will probably increase [...]

The producers plan to invest hundreds of millions of dollars in new movies, using money raised before financial markets collapsed last year to profit from the major studios pullback.
“Theres going to be fewer movies but also fewer companies to finance them,” said former Warner Bros. executive Philippe Rousselet, who co-founded Vendome Pictures in October with about $185 million from companies including CIT Group Inc. “Thats the main thing that makes the timing good for us.”
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Rehearsals for the most expensive show ever produced on the Great White Way have been put off from this spring, according to senior members of the production team, who declined to be named because an opening date has not been announced.
According to these people, the musical will have a workshop in the late summer and begin rehearsals in the late fall for a Broadway opening at the Hilton Theater likely in early 2010.
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