Is CBS or Viacom the better media buy right now? With Rich Tullo, Albert Fried & Company; Tuna Amobi, S&P Capital IQ; Zachary Karabell, Envestnet; an CNBC's Jon Fortt.» Read More
I attended the "Transformers" premiere Wednesday night--and my first star spotting epitomized the importance of the film for its parent company. It was Sumner Redstone (he qualifies as a star for the CNBC set) and he was slowly retreating from the hubbub of the red carpet and (surrounded by bodyguards) slipping into a black car.
"Evan Almighty" did not live up to its name at the weekend box office in North America.
Scott Kessler, equity analyst at Standard & Poor’s, told CNBC’s “Squawk Box” that Yahoo can successfully pitch itself as the "non-Google" counterpoint to Google.
So, there's this new Trojan TV commercial premiering Monday. It shows a bar filled with hot women and big fat pigs (www.trojanevolve.com). The hot women reject the men, disgusted, until one of the guys goes to the bathroom and buys a condom. He emerges as a hot guy, and the girl at the bar is thrilled to talk to him. .
The TV ad market has lost millions of dollars of ad revenue to Internet ads, which are more targeted and flexible. But now a new technology company called Visible World, is making TV ad minutes be more valuable than ever. Visible World's Inteli-spot technology allows channels to automatically customize their ads to the time of day, channel, and show they're airing on.
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.
Viacom and CBS shareholders are better off since the company split a year and a half ago, Sumner Redstone told CNBC's Maria Bartiromo. "I would do it again and over and over again and shareholders are definitely better," said Redstone, who remains executive chairman of both companies.
A transcript of a CNBC interview with Viacom and CBS Chairman Sumner Redstone aired on June 6, 2007 during "Closing Bell."
The digital revolution marches forward – the latest advance involves studios potentially releasing movies on DVD and via On-Demand at the same time. What’s the trade as new technology threatens to reshape the movie biz?
Internet television service Joost named former Cisco senior executive Mike Volpi as its new chief executive on Tuesday, choosing a telecom veteran to lead the company as it courts big media to show programming on its site.
YouTube said on Sunday it has reached a revenue-sharing deal with Hearst-Argyle Television whereby local TV stations will be paid when users of the video-sharing site watch their programming.
CBS said it bought Last.fm, the online music service that allows fans with similar tastes to connect, for $280 million in a bid to attract young audiences.
Viacom said on Wednesday it will sell its Famous Music publishing unit to Sony/ATV Music Publishing.
Viacom Inc. said Wednesday it will sell its Famous Music publishing unit to Sony/ATV Music Publishing. The total value of the deal is $400 million, including $370 million in cash and debt of $30 million, according to a source familiar with the talks.
"Shrek the Third" took in $122 million in its first weekend, breaking the franchise's own record for best debut ever for an animated film, according to studio estimates Sunday. The latest adventure of the ogre shot past 2004's "Shrek 2," the previous record-holder for animated openings with $108 million.
The founder and former CEO of ImClone Systems, Sam Waksal, who is now sitting in prison for his role in the trading scandal that ensnared Martha Stewart, had a reputation for rubbing elbows with the New York glitterati and the Hollywood set. Well, it looks like ImClone is reliving its past.
Stocks sold off across the board, and the Dow fell almost 150 points, after mixed economic data prompted investors to book gains. "A day like today was inevitable," said Michael Cuggino of Permanent Portfolio Funds. "I would caution investors not to get overly concerned based on today's (economic) statistics."
Media conglomerate Viacom said first-quarter profit fell 36%, dragged by restructuring charges and higher expenses at its MTV Networks.
Viacom's Paramount Pictures will build a $1 billion entertainment theme park in South Korea jointly with Daewoo Motor Sales, Daewoo said on Thursday.