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CNBC presenter Ross Westgate offers his view of how audiovisual and content companies are grappling with a financial meltdown across the globe from the Mipcom conference in Cannes.
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.
Spielberg and Snider are expected to take most of their current 140 DreamWorks employees with them to their new venture financed with $1.3 billion, the equity put up by India's Reliance and the debut financing from J.P. Morgan
As I watch the markets tumble and I hear talk not just of recession, but of depression, I have to wonder whether there's any chance 75 percent of SAG members would vote to strike, which is what it takes to get authorization.
Viacom's Paramount Pictures studio signed a deal Monday with Marvel Entertainment's Marvel Studios to distribute its next five films worldwide.
Steven Spielberg and his team at Dreamworks SKG have finally completed their $1.2 billion financing deal with Indian entertainment conglomerate Reliance ADA Group. Notably, this gives Spielberg the financial backing to leave Viacom's Paramount Pictures and will likely force some sort of change or restructuring at the studio.
Fund manager Ted Moore has found some unexpected opportunities for investors in a couple of familiar Wall Street names.
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.
If you're a music lover, you'll fall for Pandora, an online music service that allows its 1 million daily listeners to custom-create the equivalent of a radio station tailored to their taste.
Cruise and Wagner haven't had such a stellar track record. Their one film so far, "Lions for Lambs," had an A plus cast list, but it brought in only $15 million at the box office though it cost $35 million to produce.
The third dimension is coming soon to a theater near you. No I'm not talking about a movie, but rather a high-stakes drama involving the biggest movie studios and theater chains, enmeshed in a battle over who and how the transition to digital 3-D will be financed.
We're mid-way through media earnings, and a distinct trend is emerging: weakness in local ad markets is now spilling over to national cable and broadcast advertising. The media industry is facing all sorts of hurdles. Particularly unfortunate sector challenges at a time when the ad cycle is at a low.
Viacom's second quarter results beat Wall Street estimates-- coming in at 64 cents per share (for earnings from continuing operations) on revenue of $3.86 billion, compared to Thomson's projected earnings of 58 cents a share on $3.55 billion in revenue.
Viacom, the owner of MTV Networks, posted a better-than-expected quarterly profit, boosted by box office hits "Iron Man" and the latest "Indiana Jones," but U.S. cable network ad sales growth fell below the company's projections
The big question: in this economic environment can cable ad sales hold up? Pressure is on: In May, Viacom CEO Philippe Dauman lowered the company's second quarter cable ad growth forecast to between three and four percent from its previous projection of seven percent
Tuesday has all the makings of another choppy session with little economic data but more fretting about the financial sector and plenty of earnings news.
In Monday’s Web Extra the traders reveal how to play Colgate, Coach, Viacom and more.
We’ve seen some real tear jerkers in our day but this story looks unusually sad. On Monday Lehman Brothers cut the stock ratings on Disney, Time Warner, CBS and News Corp.
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