Stocks Drop 1%, Dow Falls 150 as Bernanke Speaks
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Continental Resources' CEO is worth at least $11 billion, and a split from his wife could result in the largest divorce settlement in history
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I had the unusual opportunity to emcee Silicon Valley's first Technology Policy Summit last week in San Jose, an awesome collection of policymakers, investors, CEOs, nonprofit reps and academics. But one of the most fascinating panels included the co-founders of three of the web's most exciting start-ups. And I had the chance to interview them exclusively about the potential of their sites, and the prospects for a bigtime payday.
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The Warner Bros. film was released on DVD just two weeks ago, the third of the best-picture nominees to hit retail shelves, and its Oscar buzz is likely to lead to increased sales.
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This year’s Best Picture nominees grossed a mere $243 million in domestic box office sales, less than a fifth of the $1.32 billion raked in by the top five movies in 2006.
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A deal between Google and CBS that would let YouTube users watch clips from CBS shows such as "The Late Show with David Letterman," has unraveled, the Wall Street Journal reported on Wednesday.
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Microsoft is busy pushing its entertainment offerings. The tech company's new secret weapon in selling digital downloads to play on a cell phone or other devices is a new digital rights management technology called PlayReady. The upside for consumers: content purchased for one mobile device isn't limited to just that gadget. Users can register several devices to share content. This is a rather controversial approach, but could really catch on eventually.
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MySpace said it would block unauthorized music videos and other clips containing Universal Music Group's music, while still allowing the Vivendi unit and its artists to circulate promotional audio and video they authorize.
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Google was criticized by a group of major media companies for deliberately providing Internet traffic to Web sites accused of offering illegal film downloads, according to several people familiar with the matter, The Wall Street Journal reported Monday.
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Cisco Systems, whose core business is selling the routers and switches that direct data traffic over computer networks, said it has acquired a small social networking company that allows businesses to create MySpace-like communities on their Web sites.
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Speaking at a media and technology conference in New York, Murdoch said there would be more details on the long-awaited channel announced soon.
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Stocks were helped by a rally in tech shares, but a sharp drop in crude-oil prices hit energy shares and rattled investors. The Dow Jones Industrial Average closed flat.
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The Chicago Tribune said Chicago real estate mogul Zell is in preliminary talks with Tribune Co. on a complicated proposal that may include taking an equity stake in the company.
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Amazon.com and TiVo will begin testing Wednesday a service that lets users watch videos rented or bought over the Internet directly on televisions, as part of a trend to link personal computers and TVs.
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Wall Street is keeping a close eye on two media giants making news today. Disney reports earnings after the bell, while News Corp reported this morning. Although both “old” media companies are making plenty of old fashioned cash from movies and TV, we wanted to know which has the better strategy for making big bucks in new media? Find out what our panel of experts had to say.
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Media company News Corp. reported fiscal fourth-quarter earnings ahead of market expectations Wednesday, as strength at the box office and in its home video business offset a drop in income for broadcast television.
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News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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News Corp. is finalising a deal with partners to launch a networking Web site venture in China within a few months, venture capital and Chinese government sources said on Friday.
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Some of the world's biggest brands are meeting in Davos this week. So it's appropriate that the World Economic Forum is discussing new ways companies can reach consumers in an increasingly competitive market. (More)
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Rupert Murdoch's News Corp. has joined the Chandler family in its bid to buy newspaper and television station owner Tribune, a source familiar with the matter said.
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From YouTube to MySpace, entrepreneurs in the user-generated content space join the world's top business and political leaders at the World Economic Forum's 2007 annual meeting, underscoring this year's theme "The Shifting Power Equation." WEF, in turn, is aiming to "expand the Davos conversation" with Web-based communication tools. (More)
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Walt Disney is not interested in buying Telefonica's 75% stake in TV producer Endemol, a source close to the company said on Tuesday.
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