Hulu is seeking to sell a stake to Time Warner, Dow Jones reported. That deal would reportedly value Hulu at $5 billion to $6 billion.» Read More
Last September, Abu Dhabi Media Company, an arm of the government in the city-state capitol of the United Arab Emirates, reached a $1 billion deal to make movies and video games with Warner Brothers, the big Hollywood studio owned by Time Warner. A year later, the two partners have announced just one movie, but that has not stopped Abu Dhabi Media from spreading even more money around the movie busines, says the New York Times.
The zip code that launched a zeitgeist and defined a generation of TV-watchers is returning to the air waves. On Tuesday September 2, the CW Network is launching a new version of the hit "Beverly Hills 90210" that ran for 10 seasons on News Corp.'s Fox. I interviewed Dawn Ostroff, the CEO of the CW, about the network's decision to resurrect the concept.
Action film parody "Tropic Thunder" clung to the top spot at the North American box office for a third straight week as the summer moviegoing season sputtered to a lackluster close, Hollywood studios reported Sunday.
You'd think the streets of Los Angeles would be constantly buzzing with movie shoots. But right now, there's only one major film shooting in the City of Angels. Compare that to the seven films shooting last August. What's to blame?
CNBC's parent company NBC Universal did quite well with the Olympics. More than 211 million Americans watched the games -- that's more than 70 percent of the country -- making them the most-watched ever, beating the 209 million viewers who watched the 1996 Atlanta games.
Four years ago, Verizon Communications embarked on an ambitious and expensive plan to run fiber optic cables, which can deliver ultra-fast Internet service and dozens of high-definition video channels along with old-fashioned telephone service, past 19 million homes, roughly half its territory.
Warner Bros. made a surprise announcement Thursday -- it's pushing the release of its Harry Potter sequel, "Harry Potter and the Half-Blood Prince" from November 11 to July 17, 2009. That's eight months!
Two mega-investors -- Warren Buffett and Carl Icahn -- made major portfolio shifts.
Billionaire investor Carl Icahn reported that he had increased his stake in Motorola to 144.1 million shares from 115.6 million shares the prior quarter. Meanwhile, George Soros raised his stake in Wall Street firm Lehman Brothers to 9.5 million shares.
"The Dark Knight" ruled the North American box office for a fourth weekend Sunday to become the third-biggest movie of all time.
A week from today, LucasFilm and Warner Bros. will unleash "Star Wars: The Clone Wars," the latest installment of the Star Wars money-making machine. And with it comes the spotlight on cool technologies.
Stocks advanced Tuesday, building on the prior session's rally, as a drop in oil prices and encouraging outlook from Cisco helped offset disappointment in Freddie Mac's results.
Stocks pared their losses Tuesday as a sharp rise in crude inventories sent oil prices lower, offsetting disappointment in Freddie Mac's results.
The big news: the company has taken the financial and strategic decisions in order to split the businesses, enabling them to sell the parts.
Stocks declined Tuesday, led by banks, after Freddie Mac posted a loss that was much wider than expected and announced plans to slash its dividend.
Stocks failed to capitalize on the momentum of Tuesday's 330-point Dow rally, opening slightly lower Tuesday on disappointing earnings news and an uptick in oil prices.
Cable giant Comcast is paying some $125 million for Daily Candy, a lifestyle-oriented website and e-mail newsletter that reaches 2.5 million readers, mostly women. Founded in 2000, Daily Candy publishes 13 daily editions and eight weekly editions, organized by locale or interest.
Time Warner said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business.
Whether stocks add to Tuesday's heady gains or not will be determined in part by whether oil prices stay in a downtrend.
Monday a federal appeals court overturned a lower court ruling that prohibited Cablevision from offering "Network DVRs". This technology allows pretty much anyone with cable to easily and less expensively enjoy the ad-free viewing a DVR allows.