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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Universal Abandons 'Tower Heist' V.O.D. Scheme

Facing an unprecedented mutiny on the part of theater chains, Universal has abandoned its Tower Heist video-on-demand experiment barely a week after it was first announced, the studio declared today. Universal had planned make the Eddie Murphy/Ben Stiller heist comedy available to Comcast subscribers in Atlanta and Portland a mere three weeks after it was released in theaters on November 4, provided they pony up $59.99 to see it. Predictably, exhibitors were furious, and a wave of theater-chain boycotts were declared in response, prompting studio execs to reconsider the controversial scheme.

Universal hasn't completely given up on the premium V.O.D. concept, however. In a statement, the studio said that it ""continues to believe that the theater experience and a PVOD window are business models that can coincide and thrive and we look forward to working with our partners in exhibition to find a way to experiment in this area in the future."" Looks like this matter is far from decided.

Source: The Hollywood Reporter

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