Jan 29- Viacom Inc, owner of movie studio Paramount Pictures Corp and cable network Nickelodeon, reported lower-than-expected quarterly revenue as weak U.S. advertising spending more than offset the box-office success of "Interstellar". Barclays analyst Kannan Venkateshwar had forecast a 0.2 percent drop in advertising across cable networks in the...» Read More
Hollywood and Silicon Valley couldn't be more different--from the clothes worn and cars driven, to the focus. Hollywood on content, Silicon Valley on new ways to do digital distribution. Hollywood's worried about losing control of digital revenues (which is exactly what the writers' strike was about) as well as piracy.
Will Ferrell stumbled at the North American box office Sunday with his latest sports comedy, "Semi-Pro." The basketball spoof narrowly took the No. 1 spot with disappointing ticket sales of $15.3 million, its struggling distributor New Line Cinema said
Friday night Countrywide informed me that an employee sales event planned in April at an expensive Florida resort has been cancelled.
Inflation is in the air and everyone--including our own Jim Cramer--is talking about whether ethanol is causing higher food prices. But let's talk about a food price that's very important--one that touches my life every week when I go. No, not to the grocery store but to the movie theater!
Today, in honor of the movie "Semi-Pro" debuting, I went on "Squawk Box" with an afro and my Flint Tropics jersey T-shirt. You also might want to see the interview with Tony Ponturo of Anheuser-Busch. Tony talked to us about "Semi-Pro" and the company's new sponsorship of Ultimate Fighting.
On Wednesday I reported about the network launch of "Quarterlife," the first show produced for the Internet to air on TV. The ratings were a HUGE disappointment, it was a distant third in the 10 pm hour, just 3.86 million viewers, and just a 1.3 rating in the crucial 18-49 year old group.
As I'd expected, it was a rocking quarter for Viacom: its fourth quarter profit increased more than 16 percent. The two divisions undergoing a turnaround--the media networks division and its movie studio, Paramount--showed strong results.
I've been hearing from sources that Countrywide, despite cancelling an expensive ski junket to Colorado, is planning two even bigger events in Hollywood, Fla. Now comes confirmation from a source at The Westin Diplomat Resort & Spa that Countrywide has booked the location for two different events
Time Warner's new CEO, Jeff Bewkes just showed Wall Street that he means business about cost cutting and getting the company on track. He just made his first big move-- consolidating Time Warner's New Line studio into its separate and larger Warner Bros.
Cable network and movie studio owner Viacom said Thursday fourth-quarter profit rose 16 percent on higher advertising sales at its MTV Networks and strong sales of its "Rock Band" video game and "Transformers" DVDs.
Viacom reports its quarterly earnings after the bell today and all eyes will be on the results of its Media Networks Division. Wall Street's expecting eight percent revenue growth from the group of cable networks that includes MTV, VH1, Comedy Central and Nickelodeon.
New Line Cinema has done almost everything right with its promotion of Will Ferrell’s “Semi-Pro,” the story of the fictional ABA player Jackie Moon that hits theatres tomorrow. So much so that Moon is more relevant in the sports business world today than LeBron James.
Jerry Seinfeld isn't laughing at the moment. He and his wife are asking that a lawsuit alleging what he calls "vegetable plagiarism" be thrown out of court. Last year, cookbook author Missy Chase Lapine wrote "The Sneaky Chef: Simple Strategies for Hiding Healthy Foods in Kids' Favorite Meals."
Netflix is a buy, according to Jeff Macke, on the heels of the DVD rental service company’s new increased outlook.
Nothing like a green ogre to give a company's net income a boost. In its earnings report after the bell Tuesday, DreamWorks Animation reported quarterly net income of 98 cents a share, beating analysts consensus expectations of 72 cents a share, and up from a 20 cents per share loss in the year-ago quarter.
A new hour-long show called "Quarterlife," debuting tonight on NBC, will be the first-ever show produced and shot for the Internet to air on network TV.
CBS beat expectations thanks to better than expected performance from its TV and Outdoor divisions, while its overhead came in lower than expected. The company reported earnings from continuing operations of 54 cents per share, a penny above Wall Street's consensus estimate.
The preliminary ratings numbers are out and Nielsen Media Research is saying that ratings for the Academy Awards telecast last night were some 14 percent lower than the least-watched ceremony ever, which was 2003, when 33 million people watched. And these preliminary ratings are also 21 percent lower than last year.
I blogged a couple weeks ago about the really funny, really REALLY inappropriate music video actress/comedienne Sarah Silverman made revealing her "affair" with Matt Damon. What does this have to do with business? Well, in the video she describes how her boyfriend -- Jimmy Kimmel -- likes Diet Snapple.
"No Country For Old Men" won the Oscar for best film and its makers, brothers Joel and Ethan Coen, were named best directors on Sunday, giving the bleak crime drama four of the world's top movie awards.
Companies can now hedge against their celebrity endorser's scandals and mishaps.
Taylor Swift Inc. takes a new turn this week, and instead of hacking, she's now putting copyright on her favorite lyrics.
Nickelodeon on Thursday said it plans to launch a direct-to-consumer subscription service, Dow Jones reported, citing Viacom CEO Philippe Dauman.
Randall Bacon gets paid to be the stunt double for Seahawks Quarterback Russell Wilson in commercials
Dish has technology that lets customers completely skip ads. For the Super Bowl, though, it's letting them skip the game.
HONG KONG, Jan 28- China's Hunan TV& Broadcast Intermediary Co Ltd has agreed a deal with U.S. studio Lions Gate Entertainment Corp that will see the two firms invest a combined $1.5 billion in film making, marking the latest inroad by a Chinese firm into Hollywood. Lions Gate, known for producing movies such as "The Hunger Games", and Hunan TV plan to invest the $1.5...