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I've made my predictions for 2009, so It only seems appropriate to look back at the predictions I made a year ago. The world has been transformed by the financial crisis over the past year, so I have to say I'm pleasantly surprised by how much I actually got right, and how much continues to seem to be true.
Tomorrow afternoon will be the one day of the year I will be watching hockey as the Chicago Blackhawks and the Detroit Red Wings play outside at Wrigley Field. The Bridgestone Winter Classic is the talk of the town and hockey outdoors has actually managed to get some big-time buzz. This morning, I spoke with NHL commissioner Gary Bettman about the game.
Looking back at 2008 and towards 2009, there's no question that media stocks are facing a perfect storm. It's the nasty coinciding of cyclical and sector challenges — media giants are trying to transition to a new digital future and build new revenue streams, while the economic downturn is sending ad revenue off a cliff. So is there a silver lining to those storm clouds?
The four major music labels are teaming up to create a new online video venture. Will it work? Or will they fall back on failing ways?
Santa came just in time for Hollywood this year, delivering the biggest box office ever for the four-day holiday weekend — up, by some measures, 9 percent from last year.
In August, Arkansas businessman John Rogers bought one of the famous Honus Wagner cards for $1.62 million. It was only months ago and the economy certainly hasn't made things better. So we were confused when Rogers put it up for sale on eBay...
National Amusements is weighing selling its theater chain to generate the cash to pay its debt, but Shari is opposing the sale of the theaters, pushing Redstone to consider selling other assets.
At a Modell’s I visited this morning, they had a special that advertised NFL replica jerseys– regularly $79.99– at $29.99 and $39.99. It was on select jerseys, but the special was supposed to be on Fridays and Saturdays. It, of course, was a Thursday.
With the Screen Actors Guild leadership pushing for its members to vote to authorize a strike, Hollywood has been buzzing about how bad another work stoppage would be for the industry at this already precarious economic time.
If you think you have a special skill for predicting the box office, you may be in luck. People have speculated about movie performance for decades, but now an investment firm is working on launching an *actual* market for trading domestic box office futures.
Sumner Redstone has to repay $800 million in debt by December 19. With just a few weeks left to go, he's in the midst of negotiations to restructure the $1.6 billion in debt held by his private National Amusements, which Redstone's daughter Shari Redstone runs.
In 2009, media faces a perfect storm—transitioning to a challenging new digital world and a weak economy of unprecedented proportions. Media giants will continue to move from traditional content distribution models to anytime, anywhere, content-on demand.
GM insists discussions had started earlier in the year, but it seems like more than just a coincidence that just as GM is slammed for overspending (i.e. on those private jets) it's very publicly dropping its high-paid spokesperson.
The idea of a guild striking in this economic environment seems odd, to say the least. Doesn't everyone have more to lose? In Hollywood, after months of a standoff, an actors' strike seems more possible than ever.
A vampire is about to take the box office by storm and seriously boost the profile of independent studio Summit Entertainment. "Twilight," opening this weekend, is on track to bring in as much as $60 million at the box office this weekend.
Waxman will have sway when it comes to issues of intellectual property, broadcast indecency, and even the issue of how cable and telecom companies regulate data transmitted over broadband lines (aka. net neutrality).
In the midst of the financial crisis Netflix is busy transforming itself from a DVD-by-mail company to a true online content distribution service.
When it comes to the auto industry, there are more than just millions of auto-related jobs on the line. Billions of dollars in advertising—arguably the cornerstone of the industry—is at stake.
It's a big day for Netflix with the service going live on Microsoft's Xbox 360 platform. But there's one big thing lacking and you can thank the heated rivalry between Sony and Microsoft for it and I'm getting an earful from some of you.
I've blogged extensively about how the industry-wide decline in advertising is hitting TV networks. Now we're in November sweeps and the networks are developing scripts for next year and we're starting to see TV networks find ways to cut back.
The barber of Seville is nowhere in sight, but locks of hair of Mozart and Beethoven are on the auction block.
Soaring rents and food costs, alongside labor shortages, are some challenges that young cafe owners face in Singapore.
Ad executives looking for a celebrity to endorse their product can't do much better than actor Liam Neeson, according to a new report.
Tivo reports record Q1 service and technology growth.
Charter Communications reached a deal to buy Time Warner Cable for $78 million. Tuna Amobi, Standard & Poor's analyst, and Todd Mitchell, Brean Capital, discuss the future of cable M&A.
Charter Communications' acquisition of TWC, Bright House Networks may be about broadband service, given digital viewership trends.