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Daily Read: Storms Hit Cannes, Zoolander 2, Studio Revenues Rise, Machete Goes Arizona

Daily Read: Storms Hit Cannes, Zoolander 2, Studio Revenues Rise, Machete Goes Arizona

Freak waves up to 18 feet high have damaged the Croissette just a week before the 63rd annual Cannes Film Festival is due to begin. While cars were tossed about and more than a dozen beachfront cafes have been temporarily shuttered, local officials told the BBC the damage will be “put right” and claim the waterfront will be in “impeccable” condition when the world film community arrives for the fest, which runs May 12-23.

The rumor that Zoolander 2 is dead was disputed Wednesday by its writer-director, Justin Theroux, who also happens to be the scribe behind this weekend’s Iron Man 2. Theroux said he’s been “breaking story” with star Ben Stiller all week, adding “I have not gotten instructions from anyone to put pencils down. We’re operating as if it’s going to happen,” Movieline reports. Stiller himself fueled the rumors with an enigmatic tweet yesterday. Theroux claims to be in the dark as to why. Stiller is set to participate in a live comedy show this Friday at the L.A. music venue Largo At the Coronet, which as it happens, has also just announced a series of literary evenings with three scribes who have big Hollywood followings: David Mamet (May 16), Chuck Palahniuk (May 18) and Brett Easton Ellis (June 16). Details here.

Two major showbiz entitities posted upbeat financial results Wednesday in a sign that things may be looking up for the sector. CBS Corps attributes a 12 percent gain in revenue for the quarter just ended in part to increased ad sales. Time Warner also credits improved advertising revenue for 10 percent jump in net profit off its biggest quarterly revenue gain nearly two years.

In a Cinco de Mayo shout-out to la raza, Robert Rodriguez has re-cut the trailer to his upcoming over-the-top drive-in-style actioner Machete to take aim at Arizona and its beefed-up immigration laws. Check it out on YouTube in all its grind-a-licious glory.

[Photos of Cannes storm damage courtesy of BBC and Guardian UK. Photo of Danny Trejo, Machete]

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