April 10- Walt Disney Co on Wednesday confirmed the company is laying off employees in its movie studio division, a cost-cutting step after a review of the unit's operations. In a brief statement, Disney said it "made the difficult decision to reduce our staffing levels" in several studio divisions.
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.
LOS ANGELES, April 2- Viacom Inc's Paramount Pictures said on Tuesday it reached a deal with the government-run China Movie Channel and its online movie service partner, Jiaflix Enterprises, to produce "Transformers 4" in China.
LOS ANGELES, March 18- MGM, the storied movie studio that exited bankruptcy protection in 2010, posted a more than a three-fold increase in 2012 net income, the company said on Monday. A conference call with MGM investors is scheduled for March 19.