U.S. stocks closed down more than 1 percent on the last day of trade for April as investors weighed mixed data and continued weakness in the dollar.» Read More
The idea is: Spielberg wants to own the movies it makes -- instead of having Paramount own them as it does now. And rumor has it, he wants to distribute through Universal Studios (CNBC's sister company).
It was fight night at the box office this weekend, and the "Kung Fu Panda" defeated Israeli commando-turned-hairdresser "Zohan" with an estimated three-day total of $60 million in box office sales.
"Sex and the City" fashioned a surprisingly strong opening at the North American box office on Sunday, as frenzied female fans used the romantic comedy as an excuse for a big party.
Comcast 's digital unit is on target to turn profitable this year as revenues from search and advertising partnerships with Google and Yahoo exceed expectations, senior executives said.
These titles are working their magic for new songs as well, and that could mean a critically important new distribution method for established bands, as well as new bands seeking a way to end run traditional music labels, trying to reach their fans directly.
Simply put, Indy is expected to appeal to pretty much everyone except little kids. It's what they call a "four quadrant" movie here in Hollywood, the elusive film that will attract young and old, male and female.
It's a joint venture between two unlikely partners: Paramount Licensing Consumer Products & Recreation Group and South Korea's Daewoo Motor Sales.
The theme of this year's National Cable and Telecommunications show is "Think Big." Even though this year's show in New Orleans is smaller than previous years, the theme makes sense. Cable ratings are bigger than ever, as are ad dollars, and distribution is broader than ever.
Today we received his eyes in the mail!! IT'S GOOD TO BE KING...OF ALL MEDIA Looks like Big Media is not suffering from an economic downturn (except for Time Warner). Steve Wonsiewicz runs Fresearch.
The Lightning Round is extended in this CNBC.com exclusive feature.
Iron Man opened the summer movie season with a whopping $100 million plus from the U.S. box office and $200 million worldwide. With Robert Downey Jr. cleverly cast in the starring role, the film is skewing to an older audience than traditional superhero fare, and has great word of mouth so far. ... Not only is this past weekend a good sign for Hollywood this summer, it's phenomenal news for Marvel Entertainment.
I'm a movie junkie and I'm so happy the summer movie season is underway. You'll probably find me at a theater every weekend between now and the end of July--when the movie premiers finally slow down.
Comic book adventure "Iron Man" proved its mettle at the North America box office, kicking off the summer movie season with estimated weekend ticket sales of $100.75 million and marking an unlikely commercial rebound for its star, Robert Downey Jr.
The summer movie season kicked off Friday with “Iron Man.” Does the lack of sequels suggest trouble lies ahead?
Media giant Viacom spacer beat Wall Street expectations with strong profits driven by its cable networks (including MTV) and its "Rock Band" video game franchise. Net income grew 33 percent over last year's quarter (excluding an investment write down) to $270 million, while revenue was up 15 percent in the period to 3.12 billion.
Viacom said Friday quarterly net profit rose 33 percent, beating Wall Street forecasts, on strong sales of "Rock Band" video game and higher advertising revenue at MTV Networks.
April's jobs report could actually bring in more May buyers. The report is expected to show a loss of 75,000 non-farm payrolls or more last month. But Thursday's frisky market action could carry through if the report does not show up worse than expected.
Hollywood studios are counting on actor Robert Downey Jr. and his big-screen incarnation as "Iron Man" to blast them out of a box office slump as the lucrative summer movie season opens this weekend.
Defense giants Boeing and Northrop Grumman keep going at it over the Air Force tanker deal. This as the clock ticks down on a Government Accounting Office investigation into whether the current decision should stand.
CBS stock has been beaten down over the past year--down some 30 percent. But today the stock is up on the company's better than expected quarterly results. And good news for shareholders, CBS spacer raised its quarterly dividend from 25 cents per share to 27 cents per share.