Hotly anticipated new releases fizzled at the box office this long Independence Day holiday weekend, while two holdovers continued to sell tickets.» Read More
Comic book publisher Marvel Entertainment posted a quarterly profit that topped estimates, helped by earlier-than-expected box office and DVD revenue from its film "Iron Man."
Marvel Entertainment's new strategy of producing its own movies, instead of just licensing the rights to its characters, seems to really be working. This morning Marvel Entertainment reported its third-quarter net income grew 40 percent thanks to the performance of its "Iron Man" movie, both in terms of box office and DVD sales.
Over the past couple weeks, I've been on many radio shows and the hosts naturally ask me about the economy and sports. One area that I didn't think I was strong as I could be in was the baseball free agent question.
Wall Street will hear Viacom's earnings after the bell, but that's not the only reason Chairman Sumner Redstone is in the spotlight.
Thursday TiVo and Netflix announced a partnership that will make it even easier to give consumers the entertainment they want, on demand, from the comfort of their living room couch.
Media Giant CBS swung to a $12.5 billion dollar loss in the third quarter after taking a massive $14.1 billion non-cash charge, for assets and goodwill lost due to the financial crisis. But CBS shares rose through the day, CBS closing up, investors apparently relieved that CEO Sumner Redstone reiterated that it will continue to pay its dividend.
Despite the pullback in consumer spending and steeper than ever competition, Comcast on Wednesday reported remarkable growth in its third quarter.
With the financial markets in crisis it's easy to forget that the Screen Actors guild has been working without a contract since their deal with the AMPTP, the producers association, expired this summer.
Carl Icahn's recent increased investment in Lions Gate shares isn't the only news resulting from the company's low stock price. On October 10 the stock dipped below $6, triggering a margin call by Merrill Lynch for Vice Chairman Michael Burns, selling 672,000 shares of his stock, 49 percent of his stake in the company, recorded in a Form 4 filed on October 14.
This Sunday the Screen Actors Guild's board of directors agreed to ask a federal mediator help with negotiations with the film and TV studios, which could get the producers guild (the AMPTP) and SAG to sit down for their first formal talks since their contract expired on June 30.
Suddenly, across Hollywood, the stock market is not such a sexy subject anymore — at least not in a yearning sense, says the New York Times.
The credit crunch is hitting the whole media sector — and hard. Two media moguls in particular, Sumner Redstone and Rupert Murdoch, have seen their firms' stock prices hammered. But they're finding themselves in diverse spots and they're spinning their situations quite differently.
Update II: After yesterday, I wasn't so sure that my prediction that the Jets would not get the $25,000 average for Coaches Club personal seat licenses would hold up. But things haven't been in the Jets' favor on Day 2 of the auction on eBay's StubHub.
The world's largest audiovisual content market kicked off in Cannes with MIPCOM 2008 amid turmoil in the financial markets.
Sam Zell saw opportunity in the Tribune Co., when he took it private in April 2007, giving employees a majority stake in the debt-heavy company.
CNBC presenter Ross Westgate offers his view of how audiovisual and content companies are grappling with a financial meltdown across the globe from the Mipcom conference in Cannes.
Facing an increasingly bleak economic picture, media giant Viacom cut its financial outlook for the first year, sending its shares, and shares of other media stocks, falling.
With these studio pics running between $100k and $500k per day, an actors' walkout could mean big trouble. Some studios will wait until next year before they start shooting, but for the most part the media giants are getting back to business, because they have little choice.
Spielberg and Snider are expected to take most of their current 140 DreamWorks employees with them to their new venture financed with $1.3 billion, the equity put up by India's Reliance and the debut financing from J.P. Morgan
The research group looked at movies that opened on 1,000 or more screens between 2003 and 2007. Nine films in the $90 to $100 million range posted an average net profit of $374.7 million, and 80 films costing more than $100 million showed average profitability of $282.3 million.
When July 4 falls on a Saturday, people don't go to movies as they normally do. Studios are better off when the 4th falls on a weekday.
Nielsen's midyear music report shows an explosion in on-demand music streaming, while sales of singles and albums fell.
The MOBA category is the fastest growing video game genre, but it's plateauing at a time when developers are piling in.
Even with their World Cup win, U.S. women's soccer players will have a tough time converting it into financial gains.
Which is more likely to win the TV battle: CBS or Netflix? One observer already thinks the former has beaten the latter.
PARIS, July 3- French media group Vivendi pushed out Canal Plus chief Rodolphe Belmer amid controversy about the future of the pay-TV channel and its prominent satirical puppet show "Les Guignols". Canal Plus parent company Vivendi said in a statement on Friday it had named Canal Plus head of pay-TV Maxime Saada as new Canal Plus chief executive and appointed...