Page 49 - Ruby Slippers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3d and computer-generated effects. disney's betting heavily on this gamble, spending an estimated $200 million just to produce the movie. what's at stake for the studio? >> for them, it this is a big deal. not only is it iconic property that they're being entrusted with. they've got a lot of money on the line. >> reporter: major money and creative hurdles. while the oz books by l. frank baum are in the public domain, warner brothers owns the right to the "wizard of oz" film. and several elements in the movie like dorothy's iconic ruby slippers are off limits to disney. >> i think the disney la...

Are very obvious. there is a yellow brick road, and there is oz. so ultimately, let's put the wizard of oz aside as much as possible because it's too tall an order to compare the two. it's almost, you know, obviously you want to think back to what you know and love and ruby slippers and who isn't a huge fan of that, but you're going to end up setting yourself up for disappointment because they're not the same movie. this is a prequel. the movie ultimately is just like the character of oz himself. it's very charming, but it's flawed. and so in the end, you're still rooting for it to be really g...

Computer generated effects. disney's betting heavily on this gamble spending an estimated $200 million just to produce the movie. what's at stake for the studio? >> for them, this is a big deal. not only is it iconic property that they're being entrusted with, they have a lot of money on the line. >> reporter: major money and creative hurdles. while the oz books are in public domain, warner brothers owns the rights to the film. and several story elements like the iconic ruby slippers are off limits to disney. >> i think the disney lawyers had to be onset to say you're going a little too close ...

The lights that point in the direction that you need to travel to get home. >> that is classic. they look kind of cool. uses special mapping software uploaded into the shoes. as parents we would agree, would be great technology to be used for young kids. >> i love it. i mean, i want them to be kind of shiny and glittery. >> right. >> like dorothy's shoes. but i would so buy those. >> ruby slippers after all. >> and i hate getting lost. for me it's perfect. i walk around with my iphone and google map so i don't get lost. >> you'll be able to sync your gps and your shoes some day. >> and i will ...

benefits. it's been really at 400 or higher since april. that's really not conducive to cutting the unemployment rate but a good number this week. it fell to 391,000 and that's better than we had expected. another important report, the final read on how fast the economy grew in the second quarter. this is the gdp report. gross domestic product. the sum of everything that this economy puts out and it grew at 1.3%. so, for all those people who are talking about a double-dip recession, this number shows it isn't technically a double dip recession right now. in the second quarter you had...