Archive for the ‘$50M’ Category
Regulator investigates £50m gas overcharging claims against npower – Times Online
Posted on: May 24, 2008
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Millions of consumers may have been overcharged by at least £25 on their gas bills by one of the biggest energy companies, The Times has learnt.
Ofgem, the energy regulator, is investigating claims that up to 2.2 million customers of npower may have been billed too much for gas usage. Energywatch, the energy watchdog, believes that excess charges could total more than £50 million.
The problem has come to light after readers of The Times uncovered apparent flaws in npower’s billing systems and alerted the watchdog, which referred the matter to Ofgem.
Energywatch is urging all npower’s gas customers to check their bills for the past 12 months. A spokesman said: “We think up to 2.2 million npower customers could have suffered from the same problem that Times readers have identified. If we are proved correct we want to know what the company will be doing to compensate those who have lost out.”
The problem centres on how many units of gas npower is entitled to charge customers each year at the higher of its two rates. In literature and on its website, the company states that the higher charge applies to a maximum of 4,572 units per annum — after which customers pay at a lower rate.
However, the company claims this figure refers to a “tariff year”, not a calendar year. In 2007, npower’s “tariff year” lasted only seven months — from April to November, when the tariff was altered — meaning that many customers ended up paying significantly more than 4,572 units at the higher rate over the course of the year.
Consumers are already facing sharply higher energy costs. Since January 2006 the average annual household energy bill has risen from £735 to £1,048, according to uSwitch, the price-comparison website. The increase for npower customers has been even steeper, from £671 to £1,056.
Since the start of 2006 npower’s gas customers have suffered no fewer than four price increases. In January 2006 npower put up prices by 13.7 per cent, and followed this up with further rises of 15 per cent in March and 17.2 per cent in October.
There was a 16 per cent cut in 2007 but this was more than wiped out by a further 17.2 per cent rise in January 2008. A typical npower gas customer now faces an annual bill of £631, compared with £466 at the start of 2006.
Domestic energy bills could rise by a further 25 per cent this year as the wholesale cost of gas surges higher.
Nikki Finke’s Deadline Hollywood Daily » ‘IRON MAN’ IS SUMMER’S ROCKETMAN: Soars To $100M Weekend, $50M Overseas
Posted on: May 4, 2008
SATURDAY PM: An insider just told me that Marvel’s Iron Man has made at least $100 million for the 3 1/2 days of its opening release in North America. “We’re having a fantastic Saturday,” a source within distributor Paramount relays. “Most movies in this genre fall Friday to Saturday. Not this one!!!” The total wildly exceeded what Marvel and Paramount thought would be the comic book movie’s realistic take from 4,105 theaters during its debut. I’m told the PG-13 action pic also has taken in a monster $50 million overseas from nearly 50 foreign territories.
SATURDAY AM: This is why Hollywood keeps making movies from comic books. Now it’s official: Marvel’s Iron Man opened with $38.5 million at Thursday’s and Friday’s box office for what will be $95 million in total domestic gross for the full 3 1/2 day release (including Thursday night’s $5 million haul from advance screenings in 2,500 theaters, plus Friday- Saturday-and-Sunday’s monster take in 4,105 venues). The PG-13 blockbuster distributed by Paramount logged in No. 1 as the best 2008 film opening, but also shoul finish among the Top 2 or Top 3 summer movies of the year as it kicks off the all-important May through August popcorn season. The $140 million production self-financed by Marvel also broke the record for the second biggest non-sequel opening of all time behind only Spider-Man 1. (With its unconventional leading man Robert Downey Jr — which may be one secret to the film’s success — and director (Elf) Jon Favreau, the pic is the second biggest Marvel comic book movie character behind only Sony’s Spider-Man franchise.) 
“Especially when we’ve had a horrid March and April, this shows people are ready to go to the movies,” an insider says. I understand the Cinemascore was an A, and an A-plus with younger groups ages 18 to 24, and under 25. The movie like most comic book pics understandably skewed more male: I just saw the Cinemascore figures, and that gender gap was wide Friday night: 71% male-29% female filmgoers. (Interestingly, Iron Man insiders cite internal figures claiming it was 60%-40% “which bodes well for female audiences finding the movie and loving it.”) According to Rotten Tomatoes, Iron Man is the best reviewed wide release so far this year — 95% positive reviews — and the best reviewed comic book movie in the website’s (albeit brief) history. Meanwhile, distributor Paramount is milking this monster hit for all it’s worth: it has attached the new trailer for its Indiana Jones And The Kingdom Of The Crystal Skull to the showings of Iron Man.
OVERSEAS: Iron Man opened overseas as early as April 30th. I’m told that, in over 47 international territories, the pic made $30 million total over Wednesday and Thursday. This does not include the UK, where Iron Man debuts today, or Japan, where it opens in September.
The other major movie opening, Sony’s Made Of Honor starring Patrick Dempsey, did respectably considering all the competition: I’m told it opened to $5.6M Friday from 2,729 venues for what should be a $16M FSS.
FRIDAY 9 PM: Sources just told me that Marvel’s Iron Man will make $30-plus million from 4,105 theaters for Friday’s domestic box office gross and should have an $80+ million North American weekend. (One rival studio thinks the pic did $32M Friday and definitely will earn high $80sM if not $90M for the 3-day weekend.) Meanwhile, Thursday night’s take from advance screenings in about 2,500 theaters was a very big $5 million, sources tell me. And impressively that number was reached with almost no specific marketing at all to the preshows. Friday’s total and new weekend projection far exceeded what the studio and distributor hoped (its 3-day FSS estimate was $65M-70M, or $75M for the 3 1/2 days). Iron Man will also mark the biggest movie opening of 2008 as it kicks off the all-important summer popcorn season.
WEEKEND PREDICTION: Latest projections by my box office gurus call for Iron Man to debut with a monster $75 million to $85 million 3-day weekend. That will make it the second best Marvel comic book character opening, second only to Sony’s Spider-Man franchise. According to Rotten Tomatoes, as of noon today, Marvel’s Iron Man is the best reviewed wide release so far this year — 95% positive reviews — and the best reviewed comic book movie in the website’s (albeit brief) history. Nice way to kick off the summer popcorn season and great validation for Marvel’s decision to self-finance its productions. (I’m told Iron Man came in at a cost of around $140M.) Tonight’s showings begin around 8 PM in about 2,500 locations, then the pic rolls out super-sized to 4,105 theaters on Friday through Sunday. The distributor Paramount is still sticking with its $65M-$70M projected opening, “and anything over $70M is a home run.”
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