Expect big acts for the media and entertainment industry next year: big deals, bigger convergence, biggest mobile universe. Julia Boorstin shares her insights.» Read More
Billionaire investor Carl Icahn has taken a stake in Kraft Foods, according to The Wall Street Journal.
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. .
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.
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.
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."
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.
Some fans of Internet radio may click on their favorite Web site and hear nothing but silence on Tuesday.
When MySpace announced the beta launch of its instant messaging system -- MySpaceIM -- I wasn't impressed, I was surprised that MySpace was so late to the game. And what kind of a beta launch is this? It had a soft launch a year ago to give it some legs, before MySpace announced the "official beta." Check out this comparison of traffic ranking of MySpace, YouTube and Facebook traffic.
Apple Inc. and the company's iPhone continue to generate the lion share of headlines in the world of tech nowadays; it's the world of tech that may be worth a second look for investors. Something crazy is going on. It seems to have begun on Monday when our David Faber broke the news that Yahoo was in play, and he rattled off a list of companies that might be sniffing around for a deal. Time Warner, AT&T, Comcast, Microsoft, News Corp. The usual suspects, if you will.
Yahoo's next chapter begins today with a "what's old is new again" approach. Yahoo co-founder Jerry Yang moves into the C-suite; and Susan Decker moves next door as the company's president. And with a few hours under our belts to digest Terry Semel's departure, it gives us some opportunity to look ahead at what's next for this company.
Yahoo may be ripe for an activist play that forces the company to explore strategic alternatives. While it still remains in the realm of the speculative, bankers, activist investors and media executives believe Yahoo would find interested parties in News Corp., AT&T, TimeWarner's AOL, Microsoft and Comcast.
Blockbuster will rent high-definition DVDs only in the Blu-ray format in 1,450 stores when it expands its high-def offerings next month, dealing a major blow to the rival HD DVD format.
Hollywood's superhero foursome is still fantastic at the box office.
For this special Skee-Daddy's Day edition of Mad Money, Cramer did this whole segment with the live studio audience. Here's what he had to say about Mastercard, Yum! Brands, Weight Watchers 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.
Tonight is the 500th episode of Mad Money, but instead of celebrating, Cramer thinks a little self-recrimination is in order. He’s focusing on some of his worst, most humbling mistakes in the hope that you don’t repeat them. 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.
The all-star caper film "Ocean's Thirteen" made off with $37.1 million in ticket sales during its opening weekend to steal the No. 1 spot at the North American box office, according to studio estimates on Sunday.
Dick Parsons spoke at Merrill Lynch's media conference in London and said he's "getting close" to handing over the reins. Who's his successor? He said deputy Jeff Bewkes is "the right man" to succeed him, though obviously that's up to the board of directors. Which is no surprise. So how soon is close? Well, his contract expires next year, so we can pretty much expect him to be gone by end of 2008.
Time Warner said Thursday it will make a decision on AOL's future by the end of the year, addressing rampant speculation the online unit could be spun off or merged with another company.
As CNBC's Julia Boorstin reported on her blog last week, former HBO chief operating officer Nelson became the front runner for the chief executive spot not long after the network's previous CEO, Chris Albrecht, stepped down last month.
As I predicted last week, HBO has named Bill Nelson, its interim CEO, as Chris Albrecht's permanent replacement. Nelson, was HBO's former COO. Sources tell me that the choice was down to Nelson and two other insiders. But as interim CEO, Nelson always had a leg up! Nelson's been around HBO since 1984, and he's worked in all parts of the company-- domestic and international marketing, acquisitions, finance, etc.