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Former News Corp President Peter Chernin bid around $500 million for Hulu, the online-video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process.
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Crazy Mel and his subtitled, violent, cinematically rich ancient Mayan movie is the buzz of the day. Gory head-rolling is perfect fare for the reliable teen boy moviegoing audience ... and the language-transcending action scenes, and yes, blood, may well overcome the poison of subtitles and all of Mel’s bad publicity.
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Blockbuster is running a two-week promotion that allows Netflix subscribers to rent DVDs from its stores for free. Wedbush Morgan Securities analyst Michael Pachter says the move is designed to bring attention to Blockbuster’s own online rental service – which lets customers return movies to stores and immediately choose a new title.
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Les Moonves says he has no plans for major acquisitions in the immediate future, but is looking to make strategic deals in the new media sector.