CNBC's David Faber and Rob Cox, Reuters Breakingviews editor, discuss Rupert Murdoch's pursuit of Time Warner and just high the media mogul is willing to go to win the bid.» Read More
Now that the press blackout has been lifted on the Writers Guild strike talks, we're getting some insight into the ongoing haggling over offers and counteroffers. Last night the WGA released analysis of the producers association, the AMPTP's deal, saying that it would cost the companies $151 million over three years, and some studios would pay very little--MGM would pay only an additional $320,000 per year to writers.
Everyone's been talking about how DVDs are dying, and that nobody's buying the archaic discs. But guess what, you'll probably get a whole bunch as gifts this year. There were more DVDs sold this Thanksgiving than any previous year, up 6 percent from the same weekend in 2007. Now, it's important to point out, that at the same time, the overall retail revenues from DVDs has fallen thanks to the big box retailers' deep discounting.
The Walt Disney family fantasy "Enchanted" enjoyed another fairy-tale weekend at the North American box office Sunday, but overall sales succumbed to the traditional post-Thanksgiving blues.
Oh darn, the buzz in Hollywood was so optimistic when the writers and producers returned to the bargaining table on Monday. It seemed sure they'd wrap everything up by Christmas, in time for a nice Hollywood ending. But this must be the third act, things just took a dramatic turn, making it unclear how it'll all end.
You may not even know the company exists. But it's quietly reaping the rewards of the lucrative mobile phone business.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.
As negotiations continue in the writers strike, the Christmas box office could make or break big media. How should you trade?
Disney's fairy-tale romantic comedy "Enchanted" charmed audiences over the holiday weekend, taking home more than $50 million for the Thanksgiving five-day box office, according to studio estimates on Sunday.
Google enjoyed one of its biggest monthly gains in U.S. Web search market share in October, building on consistent gains over the past two years, according to industry data out on Wednesday.
The battlefield extravaganza "Beowulf" laid waste its rivals at the weekend box office in North America, according to first-day sales estimates issued Saturday.
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Jerry Seinfeld's "BeeMovie" had plenty of sting left during its second weekend, replacing "American Gangster" as the No. 1 choice for North American moviegoers.
Cramer makes the call on viewers' favorite stocks.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.
Walt Disney reported a higher quarterly profit that edged expectations by a penny, driven by its media networks and theme parks. Excluding one-time items, the entertainment company reported a profit of 42 cents a share, compared with 36 cents a share, a year earlier.
Stocks closed sharply lower as a probe of the home loan industry by New York's attorney general drew in the country's biggest mortgage finance companies and Washington Mutual warned the housing downturn would extend well into next year.
General Motor's surprise $39 billion loss drove fear right back into a stock market but the collapsing dollar is what's worrying Wall Street. Oil is rising on inventory data but its move has been tempered by reports of a smaller than expected decline in crude supplies.
Time Warner Wednesday posted a higher quarterly profit, matching expectations, on more subscribers to its package of digital cable services and strong box office results for the latest "Harry Potter" film.
The biggest names in media are at the Pierre Hotel in midtown Manhattan for private equity firm Quadrangle's 'Four Square' conference. The event is closed to the press but I got my hands on an agenda and am spending the afternoon outside the hotel.
Jeff Bewkes, the incoming CEO of Time Warner, on Tuesday named John K. Martin to be chief financial officer beginning Jan. 1, the same time Bewkes himself will take command of the media conglomerate.
Financial stocks held the market underwater Monday and will continue to figure in Tuesday's trading as investors struggle to sort out what the credit mess means for Wall Street and the banking industry.
Who says talk is cheap! For the first time in 20 years Hollywood screenwriters walked off their jobs over pay and royalties. Is there money to be made as media moguls go head to head with script gurus?