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Crowe, Cage star in year's biggest bombs - Variety

LOS ANGELES, Dec 25 (Reuters) Oscar winners Russell Crowe, Nicolas Cage and Sean Penn starred in some of the year's biggest box office bombs, according to an analysis published by Variety, proving A-list stars are not invincible.

Crowe struck out with the romantic comedy ''A Good Year,'' Cage with the horror remake ''Wicker Man,'' and Penn with another remake, the political saga ''All the King's Men.'' High-profile directors such as M Night Shyamalan (''Lady in the Water'') and Wolfgang Petersen (''Poseidon'') also made the hall of shame with their waterlogged movies.

The other films among its 10-biggest box office bombs were the erotic thriller sequel ''Basic Instinct 2,'' the World War One aviation saga ''Flyboys,'' the cartoon ''Flushed Away,'' the transcendental love story ''The Fountain,'' and the urban kidnapping thriller ''Freedomland.'' Variety yesterday said its alphabetically ordered list was determined by looking primarily at the ratio between a film's cost and its revenues. It noted that financial loss could be divided among various studios and other equity investors, while international box office receipts and DVD sales can restore some luster.

Based on figures cited in the article, the most unprofitable film appeared to be ''Basic Instinct 2,'' a 70 million dollar film that earned 5 million dolllar domestically, and continued actress Sharon Stone's 11-year string of bombs. But the German-backed film's domestic distributor, Sony Corp's Columbia Pictures, said at the time of its release that its financial exposure was limited.

More-spectacular misfires included ''Flushed Away'' with a 90 million dollar shortfall between cost and domestic sales, and Poseidon which had a 100 million dollar deficit, although it did well overseas.

Time Warner Inc's Warner Bros. Pictures, which had a dismal year at the box office, was the domestic distributor of four of the pictures: ''The Fountain,'' ''Lady in the Water,'' ''Poseidon'' and ''Wicker Man.'' Columbia Pictures, the market leader with 13 No 1 movies in 2006, also released ''All the King's Men'' and ''Freedomland.'' Closely held Metro-Goldwyn-Mayer Inc. handled ''Flyboys,'' although software billionaire Larry Ellison put up almost half the 60 million dollar budget. News Corp's Twentieth Century Fox released ''A Good Year,'' and Viacom Inc's Paramount Pictures ''Flushed Away.'' REUTERS MQA RN0610

Taiwan bullet train gets green light for launch

TAIPEI, Dec 25 (Reuters) Taiwan's ambitious bullet train project, powered by Japanese technology, has got the green light for launch, the transport ministry said today, after repeated delays and funding problems. ''Taiwan High Speed Rail has met our standards and we will allow them to operate the line,'' Mark Tsauo, an official from the Bureau of High Speed Rail under the transport ministry told Reuters. Ted Chia, a spokesman of Taiwan High Speed Rail Corp, builder.....

Ethiopian jets bomb Mogadishu airport, one wounded

MOGADISHU, Dec 25 (Reuters) Ethiopian warplanes bombed the main airport in Mogadishu today, wounding one person in Somalia's capital where Islamists have their stronghold, an airport official said. It was not clear how many times the airport was hit, with one local resident reporting two air strikes. ''The airport has been hit. A MiG jet dropped something,'' Abdirahim Adan, managing director of Mogadishu international airport, said by telephone. ''We are still trying to assess the.....

Somalia's interim government closes borders

NAIROBI, Dec 25 (Reuters) Somalia's encircled interim government said today it had closed all land, air and sea borders. The government is encircled by Islamist fighters in its south-central provincial base Baidoa and has no control over its borders. ''The government has decided to close our borders, air space and sea space,'' government spokesman Abdirahman Dinari said by telephone. ''We are requesting the international community, especially neighbouring states, to help us effect this.'' The government.....
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