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While Wall Street and Washington were working on trying to fix our economy, one of the strongest brands in Hollywood celebrated its upcoming lineup, perhaps remembering that movie going usually booms during a recession.
Let's face it, nearly every industry will be touched by the turmoil on Wall Street. And as I've reported many times, the already-suffering ad industry is sure to be further hit. There are a couple issues now in play.
The third dimension is coming soon to a theater near you. No I'm not talking about a movie, but rather a high-stakes drama involving the biggest movie studios and theater chains, enmeshed in a battle over who and how the transition to digital 3-D will be financed.
Following are the day’s biggest winners and losers. Find out why shares of Comcast and Hess popped while Garmin and Dreamworks dropped.
Viacom's second quarter results beat Wall Street estimates-- coming in at 64 cents per share (for earnings from continuing operations) on revenue of $3.86 billion, compared to Thomson's projected earnings of 58 cents a share on $3.55 billion in revenue.
The Apple switch from IBM's spacerPowerPC microprocessors to Intel's chips made big headlines a couple of years ago, and the relationship by all accounts, has been incredibly beneficial for both.
With the next Batman installment set for release tonight at midnight, will The Dark Knight help lift Time Warner's stock?
There's no talk of concrete deals at the Allen & Co. conference this year, but the big names continue to circulate and talk intently over meals and cocktails. The spotlight is on the Yahoo crew, everyone wondering who they're talking to, and what that could mean about the fate of the company.
This new alliance aims to give both companies an advantage as the technology gains a foothold (and theaters). DWA will use Intel technology to speed up its production process and to evolve the strategies they employ to craft the digital images.
The biggest media and tech companies are meeting at the Allen & Co. conference in Sun Valley, Idaho, but so far, not many deals have been made. Find out what companies have reached agreements.
With today's 6 percent move to the downside for Advanced Micro Devices, falling below $5 a share, the company's stock now sits at a 16-year-low. Its chief rival, Intel Corp., creates AMD's entire market cap every three weeks or so.
DreamWorks chiefs Steven Spielberg and David Geffen are looking for their next move, and India may play a starring role. Their deal with Viacom's Paramount Pictures expires at the end of this year, and Hollywood has been buzzing about conflict between the famous director and Viacom's top brass.
The idea is: Spielberg wants to own the movies it makes -- instead of having Paramount own them as it does now. And rumor has it, he wants to distribute through Universal Studios (CNBC's sister company).
Following are the day’s biggest winners and losers. Find out why shares of Honeywell and DreamWorks popped while Washington Mutual and VMware dropped.
It was fight night at the box office this weekend, and the "Kung Fu Panda" defeated Israeli commando-turned-hairdresser "Zohan" with an estimated three-day total of $60 million in box office sales.
It's a joint venture between two unlikely partners: Paramount Licensing Consumer Products & Recreation Group and South Korea's Daewoo Motor Sales.
"Iron Man" from Marvel and Paramount opens today, kicking off the summer movie season. With the box office expected to top $85 million opening weekend, Hollywood's pretty excited, and for good reason. The economic downturn is squeezing consumer spending, but there's one corner of the consumer pocketbook that'll emerge unscathed from the "r" word.
Media giant Viacom spacer beat Wall Street expectations with strong profits driven by its cable networks (including MTV) and its "Rock Band" video game franchise. Net income grew 33 percent over last year's quarter (excluding an investment write down) to $270 million, while revenue was up 15 percent in the period to 3.12 billion.
It seems like everything looks better with a 3rd dimension so why not watch TV in 3D if you can? Well, you'll be able to soon. The NAB conference hall was abuzz about 3-D: the new 3-D cameras from Sony called the F23 and F35 (names that sound like fighter planes).
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.