LOS ANGELES-- In an Oct. 3 story about the James Bond franchise, The Associated Press erroneously reported that all of MGM's owners booked a loss on $5 billion in loans to the studio backing the franchise. In fact, whether the owners gain or lose in the deal will depend on how much they can reap from their ownership stakes and for how much they obtain the bonds.
NEW YORK, Oct 4- British buyout mogul Guy Hands heard a panel of U.S. judges pick away at his lawyer's arguments in an appeal of the fraud case he lost to Citibank over his takeover of music group EMI.
*James Bond films celebrate 50 years on Friday. LONDON, Oct 4- As a new documentary shows, the real story behind the James Bond film franchise is almost as dramatic as the 007 fantasies themselves, full of twists and turns, personality clashes, heroes, villains, beautiful women and narrow escapes.
DUBAI, Oct 4- Indebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956- million debt deal with lenders, according to al-Khaleej newspaper on Thursday. A Dubai government official confirmed this week that the management of Zabeel had been taken over by state-owned Dubai Real Estate Corp..
Every Wednesday, a bar in central Tokyo hosts an unusual speed-dating event. There are drinks and plenty of coy looks. But the young people at the bar aren’t here for romance. The NYT reports.
LOS ANGELES-- Over the last 50 years, the owners of the James Bond movie franchise have had heart-stopping crises as thrilling as the ones that face their fictional secret agent. "Cubby used to say, `This is the goose that laid the golden egg, keep it safe,'" said Broccoli's youngest daughter, Barbara, now the series' co-producer, in a phone interview from London. "
DUBAI, Oct 2- State-owned Dubai Real Estate Corp. has taken over the management of Zabeel Investments, the indebted firm owned by Dubai's crown prince, the chief executive of Investment Corporation of Dubai said on Tuesday. It owns the lavish Zabeel Saray hotel on Dubai's man-made Palm Jumeirah island.
TOKYO, Oct 2- Japan's Nikkei share average was set to rise on Tuesday after data showed U.S. manufacturing expanded in September, beating expectations, while a softer yen should lend support to export-driven stocks.
SEOUL, Oct 2- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. TOP STORIES> Cheaper smartphones boost Sony, Microsoft in Europe.
HIGH-TECH MEDICAL DEVICES: Sony's new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker's three-dimensional imaging and super-clear "4 K" display technologies. NEW CHALLENGE: Sony said it's not clear when the alliance's first products will become available.
*Moody's says that Sony Corporation's alliance with Olympus Corporation will make it more challenging for Sony to reduce its high leverage in a timely manner.
Several factors have fundamentally disrupted the economic and power dynamic of the traditionally studio dominated entertainment industry.
THE business deal from hell began to crumble even before the Champagne corks were popped. The $580 million sale of Dragon Systems had just been approved by its board and congratulations were being exchanged. But there was a sense that something was amiss, the New York Times reports.
Another month, another slew of bad numbers for the traditional videogame industry as consumers shift to mobile and social games.
Companies with unfinished deals or problematic headlines have avoided the conference, usually a hotbed of affable networking among heavy-hitters.
Netflix stock has tumbled more than 70 percent in the past year since killing its hybrid subscription plan and jacking up prices for DVD and video access. With streaming costs and competition on the rise, can Netflix stay on top?
Now, as Nintendo's next generation console system prepares to launch later this year and the handheld 3DS device starts to get its legs under it, it's hoping to get back to black.
As Nintendo prepares to launch its latest videogame console this holiday season – and Microsoft and Sony continue to prep theirs for an expected 2013 launch – a new competitor for the living room is threatening to steal their thunder.
While the Independence Day holiday is over, the media and tech industry is readying its own brand of fireworks as a veritable who's who of executives and up-and-comers descend on a tiny town in Idaho for Allen & Company's idyllic Sun Valley Conference.
The video game industry will roll out some of its biggest guns next year — and the expected launch of new console systems from Microsoft and Sony could make a big year even bigger.