CBS stock moved south starting at around 2:15 pm, at one point off as much as 2 percent. It happens that at 2:20pm Eastern TMZ posted a report that Charlie Sheen was rushed to the hospital this morning on a stretcher. Charlie Sheen happens to be the highest-paid actor on television, and the star of the top TV sitcom, CBS' 'Two and a Half Men.'
Netflix has had a dizzying run in the past year - its stock is up over 270 percent. The big question on investors minds: will it maintain its growth and justify its valuation? Netflix reports fourth quarter earnings after the bell and will give its guidance for EPS and revenue for Q1 and the full year 2011.
Today the DOW hit that crucial 12,000 benchmark, and it's worth taking stock of how the index's three media and telecom stocks have fared since the last time we saw 12,000.
The big winner of the morning is "The King's Speech," from The Weinstein Co. — grabbing the lead with a whopping 12 nominations including Best Picture, Actor and Director.
Although it is still a tentative environment for the economy, it's clear that investors are now rewarding growth," Aryeh Bourkoff, vice chairman of Joint Global Head of TMT Investment Banking UBS, told CNBC on Thursday.
The Golden Globes are taken far less seriously than the Oscars. They're voted on by only 90 members of the Hollywood Foreign Press, but they're also a lot more fun for attendees.
At a dinner of media, advertising and Internet execs, hosted by consulting company MediaLink LLC, Rupert Murdoch stood up and raised a glass, saying it's more important than ever for News Corp to work with technology companies early in their content development process.
Bewkes is incredibly bullish on what the new tablets and smartphones screens here at CES mean for Time Warner's bottom line.
As Netflix continues to increase its presence in the media landscape, Time Warner CEO Jeff Bewkes doesn't consider the online DVD subscription and streaming service company as a threat.
CES kicks off today and buzz is already building about the hot new devices and services that will grab the attention of consumers and investors. Some clear themes have already emerged and it's all about new mobile devices, seamless integration of streaming and traditional content, more powerful chips, and persistent 3D.
The popular social networking site has raised $500 million from the investment bank and a Russian investor in a deal that values the company at $50 billion, the New York Times reports.
Think media stocks are sending mixed signals? Then, don’t make a move until you check out these picks from top media analyst David Bank of RBC!
When the studio watches the box office returns this weekend, it isn't just thinking about whether or not this film will be a theatrical hit, it will be evaluating whether "Tron" will become the kind of brand Disney can exploit across all its platforms, from action figures and video games, to a show on Disney XD, the cable channel which targets boys, to an attraction at the theme parks.
Facebook founder and CEO Mark Zuckerberg has been named Time magazine's "Person of the Year" for 2010.
Netflix, now the envy of the media world, had a lucrative contract with Starz that gave it cheap content. That deal is expiring, and rivals are gloating. The New York Times reports.
Madison Square Garden announced today that Foxwoods Resort Casino is now the exclusive advertising partner to the final five minutes of Knicks, Rangers, Islanders and Devils games on MSG and MSG Plus. The sponsorship, called The "Foxwoods Final Five" includes an in-arena buy at Madison Square Garden for Knicks and Rangers games.
The Academy of Motion Pictures Arts and Sciences is departing from tradition: it picked Anne Hathaway and James Franco to host the 2011 Oscars.
The holiday movie season may be just half as long as the summer movie season, and it gets far less attention, but day for day it's just as important — it generates 20 percent of the annual box office. With a month left to go, the pressure's on for studios to boost their Q-4 numbers. And Wall Street's watching carefully for indications of which studios have momentum going into 2011.
"Harry Potter and the Deathly Hallows: Part 1" remained the No. 1 movie with $50.3 million over Thanksgiving weekend, closely followed by the animated musical "Tangled" with $49.1 million, according to studio estimates Sunday.
As Viacom joins the growing ranks of content providers blocking access from the Google TV set-top box, there is now less and less programming to watch on the device ahead of the critical holiday season.