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.
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.