A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, court papers show.» Read More
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
It's a city where perception is reality and image is everything. But Hollywood is having trouble keeping up appearances in the midst of the nation's economic downturn, even during its splashiest, most self-celebratory time: awards season.
Talk about winning the battle but losing the war. CBS is home to some of television's top rated shows, including 60 Minutes, the CSI series and other fine entertainment properties.
After ESPN reported this morning that New York Jets quarterback Brett Favre was retiring, we were waiting to see how long it would take the team to put Favre items on sale.
As I anticipated on Friday, Walt Disney Studios and DreamWorks announced a five-year, 30 movie distribution deal on Monday. Disney's Touchstone label will distribute the films and Disney will handle DVD sales and pay-TV distribution on "Starz".
After Alex Rodriguez' ESPN interview aired tonight, in which he admitted to using performance-enhancing drugs, the slugger's most valuable endorser, Nike issued this comment.
New York Yankees slugger Alex Rodriguez admitted to ESPN this afternoon that he used performance-enhancing drugs from 2001 to 2003 while playing with the Texas Rangers. Rodriguez apologized, saying he was "young, stupid and naive."
Steven Spielberg's DreamWorks is now in advanced negotiations with Disney to distribute its films through through its Walt Disney studio.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
The fall of this near-passé technology could mean the rise of Netflix.
The company's stock had made a bold effort - easily among the best performing media stocks in the past year. But the last quarter was the first full one since the economy fell off a cliff, and the Magic Kingdom is now facing reality.
Tuesday the House dropped a provision from the stimulus bill that would allow film projects in 2009 to qualify for 50 percent write-offs, worth some $250 million in tax breaks.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Futures are modestly higher today after yesterday's rally, there are some big Treasury refundings coming, on top of some very large corporate bond issuances coming from the likes of Procter & Gamble, Novartis, and Altria.
Disney was hit hard by the economy in its fiscal first quarter, shares falling about ten percent in after-hours trading.
Disney CEO Bob Iger blames lower theme-park attendance (and subsequent price-cutting), reduced broadcast advertising revenue and disappointing film revenues for his company's disappointing results.
Cramer makes the call on viewers' favorite stocks.
Stocks ended higher Tuesday, snapping a three-day losing streak, after strong earnings from Merck and a better-than-expected housing report lifted sentiment on the Street.
Walt Disney shares fell steeply in late trading as the company reported a profit that was lower than last year and badly missed analysts' expectations.