Sumner Redstone is being sued by a former girlfriend, who says he lacks the mental capacity to remove her as his representative. If the case is found to have merit, there could be serious shareholder blowback, reports CNBC's Julia Boorstin.» Read More
"Guitar Hero: Aerosmith," Activision's latest installment of their video game franchise, launched Friday at Time Square's Hard Rock Cafe release party n New York. It's the fourth game in the best-selling title, but the first based on a specific band.
Media stocks have tanked. A chart of the media conglomerates performance over the past 12 months is flat-out ugly. They're all in the red, and all but Disney have underperformed the Dow, and it's still down about five percent over the past 12 months.
The gap between Bollywood and Hollywood is becoming increasingly narrow. Earlier this week I blogged about how Steven Spielberg is in talks with Indian Media Giant Reliance ADA group to finance an independent studio.
DreamWorks chiefs Steven Spielberg and David Geffen are looking for their next move, and India may play a starring role. Their deal with Viacom's Paramount Pictures expires at the end of this year, and Hollywood has been buzzing about conflict between the famous director and Viacom's top brass.
Forgive me for tooting the NBC horn for a moment, but it looks as though the company's online digital downloading service might be an unabashed success. At least according to the LA Times which has an extensive article today detailing the success of this thing.
The SEC just approved the plan to split the company's fast and slow growing divisions. A common strategy in this media landscape where old media seems slow and archaic compared to dynamic web-fueled growth.
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?