According to Dow Jones citing sources familiar, Roku is working on a confidential IPO. CNBC's Dominic Chu has the details.» Read More
Everyone's been talking about how DVDs are dying, and that nobody's buying the archaic discs. But guess what, you'll probably get a whole bunch as gifts this year. There were more DVDs sold this Thanksgiving than any previous year, up 6 percent from the same weekend in 2007. Now, it's important to point out, that at the same time, the overall retail revenues from DVDs has fallen thanks to the big box retailers' deep discounting.
The Walt Disney family fantasy "Enchanted" enjoyed another fairy-tale weekend at the North American box office Sunday, but overall sales succumbed to the traditional post-Thanksgiving blues.
Oh darn, the buzz in Hollywood was so optimistic when the writers and producers returned to the bargaining table on Monday. It seemed sure they'd wrap everything up by Christmas, in time for a nice Hollywood ending. But this must be the third act, things just took a dramatic turn, making it unclear how it'll all end.
The young guard in Hollywood are taking the strike to heart--it's truly infiltrating every part of the social world here--even parties. But at least everyone is still writing, Dr. Seuss-inspired poems, that is. And the sense of humor still seems to be good.
Hollywood studios presented a sweetened contract offer to striking film and TV writers, and negotiators requested a four-day recess to consider it, the producers' organization said.
One trend I'm seeing throughout the media industry is the cutting out of the middle man. Call it dis-intermediation, call it democratization: content distribution is being transformed. You can sell a song, publish a book, or even distribute a movie, without ever talking to one of the big old media companies.
While the WGA and Producers Association continues to negotiate, the TV networks are thinking about all the reasons they'd like this strike to wrap up. For one, if the strike drags into next year, advertisers may demand some of their money back. Here's how it usually works: TV networks guarantee advertisers a certain number of eyeballs.
Striking Broadway stagehands and theater producers will try again Wednesday to work out a deal to end their protracted labor dispute that has darkened theaters for more than two weeks.
The Writers Guild and the producers association sat down Monday morning for their first negotiations in three weeks. Those negotiations are continuing right now--all a very good sign that a deal is in the works. I've been talking to sources on both sides and the consensus (for today at least) is that the strike is expected to be over before the end of 2007.
Striking TV and movie writers kept up the pressure on studios by picketing and intensifying an Internet campaign that uses the very medium at issue in the contentious negotiations.
Black Friday is a big day for DVD and player sales but some people may be confused. If you buy "Ratatouille" in high def, you've gotta have a Blu-ray player. If the new high def "Transformers" is your thing, that Blu-ray player on your PS3 is totally useless, you need an HD DVD player.
Steven Spielberg has very fond feelings for his home of 30 years at Universal Studios. So much so, that he never moved offices. Even though his DreamWorks studio is owned by Viacom, he never made the move over to the Paramount lot. Now the fact that he kept his studio at Universal may prove convenient.
Third quarter advertising numbers are in and the good news is that online newspaper advertising grew 21 percent to $773 million according to the Newspaper Association of America. The bad news is that even that growth couldn't overwhelm the downward trend in the industry, overall ad revenue dropped 7.4% in the quarter.
There's hope in sight! The Writers Guild and the Producers association, the AMPTP, is planning to resume formal negotiations on November 26. That's the Monday after Thanksgiving, so maybe everyone will be so stuffed with Tryptophan (a chemical in turkey that makes you sleepy and happy) that they'll be in good moods to strike a deal.
DreamWorks principals David Geffen and Steven Spielberg have been negotiating to move their studio to NBC Universal from Paramount Pictures, the New York Times reported Saturday.
With the worst Hollywood labor crisis in 20 years headed for its third week, striking screenwriters and major studios have agreed to renew contract talks, offering the first glimmer of hope their deadlock can be broken.
The reviews for the new blockbuster-in-the-making Beowulf, released today, have been pretty good these last few days, but when it comes to the ground-breaking technology used to make the film, the reaction has been nothing short of overwhelming.
Facebook introduced a new ad platform last week, and since then dissent in the media has been slowly growing. After all the buzz about the hot Internet 2.0 company, it remains to be seen if Facebook will fall flat when it actually comes to delivering promised ad revenue.
The entertainment divisions of every media company will suffer from the writers' strike. But media giant Sony is rather well positioned because it's so diversified. I chatted about the strike with Sony CEO Howard Stringer last week and he said if there's a void of new content on TV
It's not funny business in Hollywood. A guerrilla labor action is happening today on location in Pacific Palisades, west of Los Angeles, where Eddie Murphy is filming a movie called "Nowhere Land." A source tells me producers got the Teamsters to line up trucks in a "circle the wagons" move to keep picketing writers from getting onto the set.
TV startup Roku Inc is working on plans to confidentially file for an initial public offering, the Wall Street Journal reported, citing people familiar with the matter. Roku has been working with investment banks, including Bank of America Merrill Lynch and Citigroup Inc, to prepare for a potential offering that could raise as much as $150 million, the Journal...
According to Dow Jones citing sources familiar, Roku is working on a confidential IPO. CNBC's Dominic Chu has the details.
AMC paid $200 million for a 49.9 percent stake in BBC America.