Shares of DreamWorks Animation SKG Inc. jumped $1.63, or 7.2 percent, to $24.31 in midday trading. Cowen& Co. analyst Doug Creutz said analysts had expected "Home" to bring in $30 million to $40 million. He said the movie's opening is the best for a DreamWorks movie in almost three years, since the third "Madagascar" film, and its best result for a non-sequel in six years.» Read More
Washington Mutual has started a new billboard campaign (see images). "Whoo-hoo!" has folks in its hometown of Seattle asking "Whoo-what?" "Whoo-why?" Even aside from the question of what it means ("You're upside down in your mortgage? Whoo-hoo!"
Netflix expects to lead the market for movies delivered over the Web despite growing competition from Web giants like Apple and Amazon, Chief Financial Officer Barry McCarthy said on Wednesday.
At the Future of Television conference Tuesday my attention shifted from the tech players to the content providers. Transitioning from traditional revenue streams of TV commercials and theatrical movie distribution, they're all trying to figure out how to monetize digital distribution.
Forget about channel surfing--it's so passe. I'm at the Future of Television Conference at the Hollywood Roosevelt Hotel in Hollywood, where content companies, tech giants, and startups are convening to figure out what television should and will look like tomorrow.
Horton the elephant retained the heavyweight crown at the North American box office on Sunday, but the Easter holiday failed to prevent overall sales from resuming their downtrend.
I met up with several Wall Street analysts last night and everyone was talking about cable properties being on fire. Everyone taking a close look at the cable entities driving the media giants--like ESPN--and the ones now on the auction block.
Blu-ray officially won the high-def format war, and now everyone who was burned is licking their wounds. Toshiba announced it will lose $1.1 billion in fiscal 2007 due to losing the format battle.
The traditional music biz is over as CD sales dropped about 20 percent from 2006 and 2007. And revenues from that physical music business are likely to comprise just 20 percent of an up and coming band's revenue stream.
CBS has a couple strategies to make its shows widely available online. It's the only one of the major networks distributing its shows (ad supported of course) on YouTube. And nearly two years ago CBS created Innertube, the online video player on CBS.com that streams sports, news, and sitcoms.
The computer-animated adaptation "Dr. Seuss' Horton Hears A Who!" trampled its rivals at the North American box office Sunday with weekend sales of $45.1 million, the biggest opening of the year.
Here's the $64,000 question of the day: Do people really want to watch made-for-web content on their televisions? It didn't work when NBC picked up the web series "Quarterlife" to air on primetime--they're sending it over to Bravo.
While the world continues to reel from the news of Elliot Spitzer's scandal, this was also a big week in Hollywood's high-level legal embarrassment--the Pellicano trial. Private eye to the stars Anthony Pellicano is on trial for fraud, wire tapping, bribing police officers and others, and yes, it's messy.
The Montgomery Tech conference is underway in Santa Monica, Calif. This is where the big media, tech, and telecom giants come to check out the 160 independent firms presenting their businesses. Cisco, Microsoft, IBM, Google, Disney, News Corp. -- 100 "buyers" in total are here checking out the start-ups and weighing investment possibilities.
Hulu.com is finally going public on Wednesday. After a four-and-a-half-month long public beta, the video site, co-founded and jointly owned by News Corp. and NBC Universal, is launching officially.
Rupert Murdoch CEO of News Corp, spoke at Bear Stearns annual media conference today, weighing in on the U.S. economy. He said he's now "more pessimistic" about the economy. Though he also said that News Corp is well positioned to weather an economic downturn because only about 20 percent of the company's business comes from advertising...
ShoWest--the annual conference for movie distributors (divisions of media companies) and exhibitors (movie theater chains)--is underway in Las Vegas. This is where the movie studios show off their big products they hope will be blockbusters to get the theater owners excited to fill their seats.
Movie-goers went hunting for their inner caveman as they sat in the dark for the prehistoric adventure "10,000 B.C.," which led the weekend box office with $35.7 million, according to studio estimates Sunday.
TiVo announced its earnings Wednesday, showing the results of its new, broader focus-- licensing its technology to cable companies, selling interactive TV ads and results of whether those ads are watched, and pushing forward with movie and music downloads.
Aspen, Colorado is a special place. And you need a lot of money to live here. There are 88 homes listed on the market for $20 million or more. Those are just the ones officially listed. But even here, the economic slowdown is starting to affect prices.
After years of grand jury testimony, the trial of Anthony Pellicano, erstwhile private eye-to-the-stars, starts this week. Jury selection is underway in downtown Los Angeles.
Stephen Hawking, the world famous theoretical physicist, has become the latest to apply for trademark of their name.
Amid mounting public health concerns, porn may decamp California and find a new home in Sin City.
Madison Square Garden filed paperwork on Friday with the SEC to separate its live sports and entertainment businesses from its media businesses.
Real-time video apps have gained traction, but social media streams likely will have little effect on sports broadcasting.
WWE Hall of Famer Hulk Hogan, discusses the upcoming WrestleMania 31 annual event, the best way to reach fans and the best financial move he ever made.
MOSCOW— A television station owned by the Russian defense ministry is offering a job to former "Top Gear" host Jeremy Clarkson. The BBC announced Wednesday that it wouldn't renew Clarkson's contract after a fracas with a producer, ending his connection to the immensely popular program. The Zvezda TV channel published a letter to Clarkson on its website late...