Billund (Denmark) (AFP) - With record sales and a hit movie expected to propel them further, Lego could be expected to bask in its successful turnaround, but the Danish maker of colourful toy blocks is pressing ahead to face the challenges of globalisation. By contrast, the traditional toy market is expected to grow marginally or not at all as it loses sales to video games. When Joergen Vig Knudstorp took the helm in 2004, vulture capitalists were circling the ailing company, into which Lego heir Kjeld Kirk Kristiansen had just injected 800 million kroner of his own money. Apparel, theme parks, a lot of consumer electronics and so on," Vig Knudstorp told AFP in an interview.
Trusted entertainment news from around the web from many reliable sources.
The economic crisis that has devastated Greece has also spurred the country's filmmakers onto a prize-winning renaissance in a rare success story from the eurozone nation. The same recession that brought misery to tens of thousands of families since 2009 has fueled demand for tales out of Greece -- prompting the nation's filmmakers not only to adapt to the new economic realities but also rack up awards in the process. Two years earlier, 'Dogtooth' by 41-year-old Yorgos Lanthimos -- a film about a dysfunctional Greek family -- was nominated for Best Foreign Film at the Oscars, the first such accolade for a Greek film in over 30 years. "The crisis has put the spotlight on Greece, and this has spurred Greek filmmakers," said Gregory Karantinakis, general manager of the Greek Film Centre, the state-supervised body supporting Greek cinema.
- Entertainment News: '300' follow-up conquers box office with $45M
- Entertainment News: 'Fatal Vision' author Joe McGinniss dies at age 71
- Entertainment News: Actress Hargitay backs Detroit rape kit project
- Entertainment News: Ted Turner recovering from appendicitis surgery
- Entertainment News: Idina Menzel's 'If/Then' off to a strong start
- Entertainment News: Bieber surprises with performance during SXSW
- Entertainment News: Lil Boosie: Prison term of the 1,000 songs
- Entertainment News: Refurbished Pollock masterpiece goes on display
- Entertainment News: Glitches spoil 'True Detective' finale online
- Entertainment News: George Saunders wins Folio Prize for literature
- Entertainment News: Plans eyed for 'Confederacy of Dunces' onstage
- Entertainment News: Police: Miley fan sneaked into Omaha dressing room
- Entertainment News: Detroit gallery looking to sell Banksy artwork
- Entertainment News: Singer Mel Tillis recovering from heart surgery
- Entertainment News: France's Sarkozy: Secret recordings cloud future
- Entertainment News: Actor Robert Wagner recalls old Hollywood's style
- Entertainment News: Music Review: 'Divergent' soundtrack is uneven
- Entertainment News: Review: Wayne, others score on Young Money album
- Entertainment News: Neil Young unveils high-definition music player, store
- Entertainment News: Review: Pickett investigates crimes in Black Hills