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Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Another roar from MGM's tired lion, which is struggling under a $4 billion debt load. I've confirmed that Spyglass founders Gary Barber and Roger Birnbaum have signed a letter of intent to make them co-CEOs of MGM.
After shifting its focus to making money about 18 months ago, YouTube is expected to turn a profit this year, on revenue of about $450 million, with help from its onetime critics. The New York Times reports.
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Chatroulette, the random video-chatting site that became famous for its X-rated antics, may be getting ready to hit the "next" button. So, is it going to clean up its act?
If the cliche is that a best defense is a good offense, in Lionsgate's case, the best defense a bunch of middle-aged action stars.
Netflix shares have gained a whopping 185 percent over the past 12 months, but the stock is off from its all-time high it hit recently, now facing analyst downgrades and a slew of changes to the media landscape.
Billionaire investor Carl Icahn invested in the energy sector in the second quarter even while pursuing more high-profile targets like Motorola and Lions Gate Entertainment, according to a regulatory filing Monday.
“The Expendables,” an ensemble action film starring and directed by Sylvester Stallone, took in an estimated $35 million in ticket sales and beat out “Eat Pray Love," reports the NYT.
Hollywood loves an established fan-base, and that's exactly what the 9 million people who bought best-seller "Eat, Pray, Love" are.
Today's news that Google is partnering with DirecTV to sell ads for cable networks could have far-reaching implications for Google and the ad business. This could be a win-win-win for Google, DirecTV, as well as advertisers, and it has the potential to shake up Madison Avenue.
Stocks skidded Friday after disappointing reports on jobs and factory orders.
Stocks turned firmly lower Friday after a disappointing report on factory orders. The market had wobbled at the start as investors digested the June jobs report.
Dead in the water: box office futures trading, years in the making, won't even launch. That's what Cantor Exchange is saying after securing approval from the Commodities Futures Trading Commission for its box office revenue derivatives.
Billionaire investor Carl Icahn's offer to buy up shares of Lions Gate for $7 a share expires on Wednesday. What must you know?
Lionsgate stock gained 3.9 percent today as it was added to the Russell 2000 index, effective as of the end of trading. The company's shares finished the week at $7.27, which is notable, considering that Carl Icahn's tender offer is priced at $7 a share. Icahn controls 31.8 percent of shares (as of his tender deadline last Wednesday).
As Lionsgate battles Carl Icahn's takeover attempts, the studio has secured a waiver from its lenders, led by JP Morgan Chase, removing the risk of default.
Welcome back, Woody and Buzz. After a decade-plus absence from theaters, the animated heroes of "Toy Story 3" sold $153.8 million worth of tickets during their opening weekend at the worldwide box office, according to estimates issued Sunday by distributor Walt Disney.
After a disappointing Memorial Day weekend, Hollywood is still waiting for hit movies to energize ticket sales and box office receipts, reports NYT.
Watch for companies to use Europe as an excuse for poor guidance. But if that doesn't happen, and it turns out the negative news has already been priced into equities, get ready to rally.