After Viacom and 21st Century Fox posted quarterly operating profit in line with Wall Street estimates, CNBC's David Faber reports on comments by Viacom Chairman and CEO Philippe Dauman on the company's future.» Read More
For years, everyone's been waiting for an indication that either Sony's Blu-Ray or Microsoft and Toshiba's Blu-Ray format would emerge triumphant and the other would go the way of the BETA deck. Today, finally, a crucial tipping point in this battle in which the $20 billion dollar home video market is at stake.
I'll admit, even in sunny Los Angeles where the weather doesn't vary much, I check weather.com regularly. Needless to say, the decade-plus I lived on the East Coast, I checked the site daily.
Landmark Communications, which owns The Weather Channel, said Thursday it hired two investment banks and would explore strategic options, including a possible sale.
DVD-by-mail service Netflix will begin delivering movies and other programming directly to televisions later this year through a set-top box that will pipe entertainment over a high-speed Internet connection.
Happy 2008! I'm back from my travels and have spent the day reading up on all the news I missed while away (though news of Benazir Bhutto's assassination was everywhere, the international press doesn't follow Hollywood labor negotiations as closely).
Nicolas Cage led the North American box office for a second weekend with his "NationalTreasure" sequel, while the teen comedy "Juno" raced up the rankings despite playing in limited release.
Wal-Mart Stores Incquietly canceled its online video download service less than ayear after the site went live, a company spokeswoman saidThursday.
The major indexes lost well over 1% and the Dow Jones industrial average fell more than 190 points. What's the word on the Street?
Nicolas Cage topped the North American box office for the second time this year on Sunday with "National Treasure: Book of Secrets," a sequel to the biggest movie of his career.
The last man left on Earth in "I Am Legend" took first place at the weekend box office in North America.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
NBC has reimbursed some advertisers who paid in advance for commercials aired during prime-time shows that didn't live up to ratings projections, the network said Tuesday.
Entertainment stocks are finally feeling the heat from Wall Street as the writer’s strike drags on with no end in sight. Which media companies are best prepared to weather the storm as they stare at a long, cold winter with no new material?
"The Golden Compass," a $180 million family fantasy starring Nicole Kidman and Daniel Craig, did not meet expectations at the North American box office, opening at No. 1 but with weekend ticket sales of just $26.1 million, its distributor said Sunday.
Stocks closed little-changed despite of a sharp drop in oil prices that boosted shares of big manufacturers such as Boeing.
Rupert Murdoch's media empire is shaking up the management structure, and putting son James Murdoch in a bigger job that sets him up to succeed his dad. Here's the news: 34-year old James Murdoch was appointed head of Europe and Asia, and replacing his dad as chairman of BSkyB, where until now he was CEO. So, yeah, James is really young, but his experience sets him up for this job quite well.
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.