The boardroom drama at Viacom is a media sideshow to getting the stock back on track, says major shareholder and famed value investor Mario Gabelli. » Read More
Despite the pullback in consumer spending and steeper than ever competition, Comcast on Wednesday reported remarkable growth in its third quarter.
With Disney's fourth quarter and full-year earnings coming up on November 6th the company is in the spotlight: can it sustain its growth and the premium its stock is trading through the financial crisis and consumer pullback?
Sumner Redstone, the 85-year-old chairman of CBS and Viacom, is filing for divorce from his wife of five and a half years, Paula Fortunato.
The credit crunch is hitting the whole media sector — and hard. Two media moguls in particular, Sumner Redstone and Rupert Murdoch, have seen their firms' stock prices hammered. But they're finding themselves in diverse spots and they're spinning their situations quite differently.
Facing an increasingly bleak economic picture, media giant Viacom cut its financial outlook for the first year, sending its shares, and shares of other media stocks, falling.
With these studio pics running between $100k and $500k per day, an actors' walkout could mean big trouble. Some studios will wait until next year before they start shooting, but for the most part the media giants are getting back to business, because they have little choice.
We know that Time Warner is going to want to sell its AOL internet services division. Just last month TWX's CEO Jeff Bewkes said the company had taken care of the basic logistics to split off AOL's dial up business from the content business, planning to separate the two early next years.
Wall Street isn't so far from Madison Avenue or Hollywood Blvd. and the upheaval in the financial markets will have aftershocks reaching far into the media industry. It's sure to effect the already-suffering advertising industry as well as the film financing markets.
In the entertainment industry it's almost impossible to consistently churn out profitable hits. But Tyler Perry, a writer/producer/director/actor has done it, and this weekend he's on track to continue his wining streak.
When AOL launched back in the 90s, its premise was the idea of a portal, through which subscribers would check their e-mail and filter their experience of the web. In 2006 AOL dumped its subscription service, shifting gears to an ad-supported model.
Perhaps most importantly, the CW drew its largest audience ever for a scripted show among 18 to 34 year-old women, and certainly the largest in the night in that age group. In fact this is the only night the CW has won that demographic since launching two years ago.
The Virtual Worlds Expo is well underway in Los Angeles, companies using the event as a platform to make announcements about their companies.
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!