DC Comics, Warner Bros. and Mattel are launching a new brand of entertainment to get more young girls excited about superheroes.» Read More
CBS reported a 1.1% increase in second-quarter net income and .6 percent growth in revenue over the year ago quarter. But the stock traded down on the news, Wall Street focused on CBS' outlook, which is increasingly negative, revealing greater weakness in advertising markets.
The company's media networks division grew 8 percent with its cable networks driving the company's growth. ESPN's profit grew nine percent, and revenue up more than 10 percent, as the company brings in higher revenue and higher cable affiliate payments.
Disney reports after the bell today, and Wall Street's expecting revenues of $9.1 billion, up one percent from a year ago, and projecting earnings up 5 percent to 61 cents per share.
Viacom's second quarter results beat Wall Street estimates-- coming in at 64 cents per share (for earnings from continuing operations) on revenue of $3.86 billion, compared to Thomson's projected earnings of 58 cents a share on $3.55 billion in revenue.
The big question: in this economic environment can cable ad sales hold up? Pressure is on: In May, Viacom CEO Philippe Dauman lowered the company's second quarter cable ad growth forecast to between three and four percent from its previous projection of seven percent
Thursday Clear Channel Communications shareholders voted to approve the company's sale to a group of private equity investors, led by Bain Capital and Thomas H. Lee Partners. Friday the company said a quick tally of votes indicated that 97 percent of the shares voted were in favor of the transaction.
Today I'm blogging from ComiCon, the 39th annual comic book convention; it's sold out and tickets are being scalped online for over 400 dollars. This year 125,000 fans are expected to hit the San Diego Convention Center for four days of fanboy heaven.
With the advertising industry feeling the crunch of the economic downturn and with more demands for accountability, there's no question that digital advertising is where money is going.
Recently I blogged about Merck advertising its cervical cancer vaccine Gardasil to a captive audience during trailers for the "Sex and the City" movie.
This morning at the Fortune Brainstorm conference Viacom CEO Philippe Dauman and Verizon CEO Ivan Seidenberg took the stage to be interviewed by Fortune Magazine Managing Editor Andy Serwer.
This is all great news for Warner Bros. and its parent company Time Warner. The studio faltered with high-budget "Speed Racer," which bombed at the box office. It bounced back with megahit "Sex and the City", which exceeded all expectations.
Forget the analysts. Forget the NPD sales figures. Forget the CEO’s. I live with the ultimate expert on the video game industry—my 16-year-old son. He not only plays video games, he watches every show about them on G4, he participates in chat rooms about them on the internet, he competes in a variety of games on a variety of platforms.
The movie's Friday haul surpassed the previous record of $59.8 million set last year by "Spider-Man 3." "The Dark Knight" also might break the opening weekend record of $151.1 million posted by "Spider-Man 3."
Right now there are nine stage productions all around the world. Add the fact that Abba songs are insanely catchy, and that gives you a significant fan base and tons of free advertising for the Universal Pictures Musical.
This weekend the Warner Bros. flick will be in over 4,300 screens in North America, a record. There's no question "The Dark Knight will be huge." Reviews have been rave, and I can attest, it lives up to the hype. And sad as it is to say it, the untimely death of Heath Ledger, who plays the Joker brilliantly, has only generated more intrigue around the film.
Deutsche Bank's $450 million film financing deal with Paramount Pictures, a division of Viacom is falling through. The financing deal was meant to pay for up to 30 films, with Deutsche Bank proviing a 25 percent equity stake in each movie
Forget about that doom and gloom scenario. At least the home video business is holding its own. Despite the economic downturn, the high price of gas, tighter consumer spending, and the new competition of digital distribution, DVD and Blu-ray disc sales are surprisingly strong.
An unnamed American publication paid for the pics, and the pay out isn't going into the Jolie-Pitt family's bank account; they're donating it to their favorite charity. While the publishing industry is suffering, the celebrity magazine business is booming.
There's no talk of concrete deals at the Allen & Co. conference this year, but the big names continue to circulate and talk intently over meals and cocktails. The spotlight is on the Yahoo crew, everyone wondering who they're talking to, and what that could mean about the fate of the company.
This new alliance aims to give both companies an advantage as the technology gains a foothold (and theaters). DWA will use Intel technology to speed up its production process and to evolve the strategies they employ to craft the digital images.
Mattel will stop making the SeaWorld Trainer Barbie doll, along with all its SeaWorld-related merchandise, NBC News reports.
On Thursday, stock of Arris went up 20 percent because they announced an inversion deal. The company sponsors Carl Edwards in Nascar.
A series of meetings at the Justice Department earlier in the week led to Comcast's decision to drop the deal with Time Warner Cable.
Comcast's Roberts said Friday the media giant had made good case for its proposed acquisition of Time Warner Cable, but now it's "time to move on."
Neil deGrasse Tyson astrophysicist and "Star Talk" host, discusses his new show about science and space. Also Tyson weighs in on the next scientific frontier.
Richard Parson, former Time Warner CEO, shares his thoughts on Verizon's "skinny bundle," and the unbundling of television content.