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It's a long time coming, but TV content is showing up on non-TV screens like never before, and people are willing to pay for it. Whatever will become of cable?
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A credit crunch affects any type of leveraged buyout--debt becomes more expensive and harder to obtain, requiring more equity, making returns lower. Considering how many leveraged deals Hollywood has made, that industry should be no exception. Wall Street players--private equity, hedge funds, investment banks--have put together more than $12 billion dollars of financing for the Hollywood studios' 'slates' of films.
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Walt Disney reported a 4.7% increase in net profit Wednesday, driven by strong television program sales and higher receipts at its theme parks.
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Stocks rose sharply in the final minutes of trading, with the Dow posting a triple-digit gain, as bargain hunters snapped up beaten down shares after credit jitters weighed on the markets all session. "At some point we have to look at the recent downturn as being slightly overdone," Arthur Hogan, managing director at Jefferies, told CNBC.com.
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In an interview with CNBC, Richard Parsons, chief executive of Time Warner, offered his views about the firm’s quarterly results, the likelihood of acquisitions, and his annoyance with the market.
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Another day of big volume and big volatility. Why the late-day turnaround? With volatility like this, it's no wonder traders are lost and confused; the momentum guys are not sure if they should be buying or selling.
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A selling wave in global stock markets is sweeping futures lower this morning as subprime and credit woes once more rise to the surface. A new disclosure about a third troubled hedge fund at Bear Stearns is rattling investors.
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With stocks in rally mode, it's appropriate to drill down for answers as well as take a look at some key sectors.
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After paying their dues on the small screen for 18 years, "The Simpsons" have become movie superstars in just one day.
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If this market is making you seasick, you are not alone. Up 150, down 250. You're confused. You're apprehensive. You're thinking about bailing out all together. Don't do it. Stay in the game, but more importantly, stay diversified.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Campaigning by Democratic candidates ground to a halt Monday as their focus shifted to preparing for the first presidential debate in which the questions are posed by members of public via Internet videos.
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Adam Sandler's faux gay comedy "I Now Pronounce You Chuck and Larry" charmed $34.8 million from moviegoers its first weekend in theaters to nudge the latest "Harry Potter" film from the top of the box office, according to studio estimates on Sunday.
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Yahoo chief executive Jerry Yang was found wanting on Wednesday by investors who said the company needed to devise a plan to combat weaker advertising growth more quickly than in the 100 days promised by management.
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If you can't trust a Peltz-Icahn combo, who can you trust?Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Target, Time Warner, Tellabs and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Billionaire investor Carl Icahn has taken a stake in Kraft Foods, according to The Wall Street Journal.
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It's been a whirlwind here at the Allen & co. Conference--watching and interviewing all the biggest names in the media world. Everyone's paying close attention to Rupert Murdoch. He rushed into the Sun Valley Inn Wednesday morning just in time for breakfast. .
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Averting a looming court battle over how it has been handling the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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Their appeals all but exhausted, Adelphia Communications founder John Rigas and his son, Timothy, will head to prison on Aug. 13 for their role in one of the largest corporate frauds in U.S. history.
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The businesses of movie making and video game making are tighter than ever. Today, they're rubbing shoulders at the Hollywood and Games Summit. These are two industries that need each other more than ever. Movie studios count on the reliable licensing fees that come from selling 5 million video games. And the video game makers like the fact that by paying a licensing fee they can tap into a guaranteed fan base, and all those marketing dollars the studios have spent. Virtually every big summer movie is also a video game: "Pirates," "Spiderman," "Shreck," and coming up "Ratatouille," "Transformers," and "Harry Potter."
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Legendary Pictures has raised $1 billion plus in new financing, and extended its first-look co-producing and co-financing deal with Warner Bros. through 2012. This means that their first partnership--which they say was profitable--worked out for both parties. About a year ago all my Hollywood banker pals were talking about how the private equity money was going to start pulling out of these movie studios--it's unstable, risky, and Wall Street can get burned.