As global markets reel from a brutal selloff and a subsequent rally, the cable and media industry has been battling a home-grown rout of its own.» Read More
Macrovision said on Friday it would buy Gemstar-TV Guide for $2.8 billion in cash and stock, but investors were skeptical of its bet to deliver entertainment across consumer devices, sending shares of both companies sharply lower.
Rupert Murdoch's younger son James is to return to News Corp. to head its Asian and European operations in a move that appears to make him heir apparent to the global media empire.
Dow Jones, publisher of the Wall Street Journal, said Thursday that Chief Executive Richard Zannino will leave the company once its acquisition by News Corp is completed.
Now that the press blackout has been lifted on the Writers Guild strike talks, we're getting some insight into the ongoing haggling over offers and counteroffers. Last night the WGA released analysis of the producers association, the AMPTP's deal, saying that it would cost the companies $151 million over three years, and some studios would pay very little--MGM would pay only an additional $320,000 per year to writers.
It was a crazy weekend in college football. We know that No. 1 Missouri and No. 2 West Virginia went down and out of all the teams that will travel to their bowl games, LSU has Les Miles than anyone else (OK, it would have been better if his name was Fewer Miles.) So who were the financial winners? Here's the best list I could compile.
The Walt Disney family fantasy "Enchanted" enjoyed another fairy-tale weekend at the North American box office Sunday, but overall sales succumbed to the traditional post-Thanksgiving blues.
Oh darn, the buzz in Hollywood was so optimistic when the writers and producers returned to the bargaining table on Monday. It seemed sure they'd wrap everything up by Christmas, in time for a nice Hollywood ending. But this must be the third act, things just took a dramatic turn, making it unclear how it'll all end.
Striking TV and movie writers kept up the pressure on studios by picketing and intensifying an Internet campaign that uses the very medium at issue in the contentious negotiations.
Disney's fairy-tale romantic comedy "Enchanted" charmed audiences over the holiday weekend, taking home more than $50 million for the Thanksgiving five-day box office, according to studio estimates on Sunday.
Black Friday is a big day for DVD and player sales but some people may be confused. If you buy "Ratatouille" in high def, you've gotta have a Blu-ray player. If the new high def "Transformers" is your thing, that Blu-ray player on your PS3 is totally useless, you need an HD DVD player.
DreamWorks principals David Geffen and Steven Spielberg have been negotiating to move their studio to NBC Universal from Paramount Pictures, the New York Times reported Saturday.
The battlefield extravaganza "Beowulf" laid waste its rivals at the weekend box office in North America, according to first-day sales estimates issued Saturday.
I'm still in Vancouver, covering the fallout from Canada's strong dollar. There's not a single freeway in Vancouver. Traffic is terrible. One local complained to me, "How can we be a world-class city with no freeways? We are run by tree hugger idiots." One of the best things about Canada is a TV show called "Canada's Worst Driver."
News Corp. Chairman Rupert Murdoch said on Tuesday the company had made a strong start to the second quarter with the global credit market squeeze so far not having much affect on forward advertising.
News Corp. Chairman Rupert Murdoch said on Tuesday the company had had a strong start to the second-quarter and had not been affected so far by the global credit market squeeze.
News Corp. posted a 13 percent decline in earnings from a year ago, when results were lifted by gains from investment sales. Earnings per share came in at 23 cents, a penny ahead of forecasts and below the 27 cents per share in the year-ago period.
General Motor's surprise $39 billion loss drove fear right back into a stock market but the collapsing dollar is what's worrying Wall Street. Oil is rising on inventory data but its move has been tempered by reports of a smaller than expected decline in crude supplies.
The biggest names in media are at the Pierre Hotel in midtown Manhattan for private equity firm Quadrangle's 'Four Square' conference. The event is closed to the press but I got my hands on an agenda and am spending the afternoon outside the hotel.
Who says talk is cheap! For the first time in 20 years Hollywood screenwriters walked off their jobs over pay and royalties. Is there money to be made as media moguls go head to head with script gurus?
The Writers Guild contract expired at midnight--though there's no strike just yet, it is NOT looking good. The rhetoric last night was so angry and stubborn on both sides, I'm predicting a strike by mid-week next week. The WGA says the producers association "refused to continue to bargain until we agree that the hated DVD formula be extended to Internet downloads." HATED? Ouch.