Viacom's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the media mogul. » Read More
The fall TV season starts this week and this year it'll be easier than ever to find all that content online-on Hulu. I sat down with Jason Kilar, the CEO of the two-year-old startup to hear where he thinks the company-and the industry-is headed next.
Mickey, meet Iron Man. Today Disney announced it's buying Marvel Entertainment for $4 billion in cash and stock. I've reported on the fact that Disney has plenty of cash on hand for an acquisition, but the announcement still came as a surprise. But upon closer inspection The Hulk and Goofy have more in common that you might think.
Weeks of speculation are now giving way to Apple's confirmation of a Sept. 9 iPod event in San Francisco. The company sent out invites this morning to the special event for press and invited guests, under the title: "It's only rock and roll but we like it."
"Twilight" is a true multi-media phenomenon. The best-selling book series spawned a low-budget runaway hit movie, grossing nearly $400 million worldwide. The sequel is set for an October release with more films in the franchise in the works. But why make obsessed teen girls wait and risk the brand losing steam?
Viacom's, Paramount just announced a partnership with DVD-rental company Redbox, becoming the third studio to make a deal with Coinstar's company that rents $1 DVDs through 17,000 kiosks around the country. This is far more than a simple DVD distribution deal, this is Paramount taking sides in what's become a pitched battle in Hollywood. The question now is which side Disney comes down on, it's one of the last players who hasn't picked sides.
Nazis and Quentin Tarantino proved a lethal combination at the worldwide box office as the bad-boy director topped the weekend charts with his violent World War Two movie "Inglourious Basterds."
DirecTV is rolling out a test in which cable customers in New York can pay $349 to watch Sunday games online.
Music fans around the world have a love-hate relationship Ticketmaster, which provides a seemingly infinite variety of live events, at a cost. Now the company is feeling the impact of the recession.
Finally there's progress in Hollywood's push to enter China. The WTO issued a 460 page ruling that demands that the Chinese government ease its restrictions, and among other things allow U.S. content companies to work with any distributors, not just those controlled by the government.
In Hollywood when something works, everyone jumps on the bandwagon. This summer that proven trend is movies based on toys. Now Warner Bros. is trying its hand at turning the beloved Lego brand into a movie. Lego has turned down several movie ideas in the past, but now it's agreed to work with Warner Bros. which is developing a family-friendly comedy adventure, that's a mix of live action and animation set in the Lego world.
Media giant CBS beat the Street when it reported earnings of 8 cents a share last week, but its net profit is down more than 90 percent on the year. So why have CBS shares skyrocketed?
Lionsgate wowed Wall Street with higher fiscal first quarter results than the same quarter last year that easily beat Wall Street Estimates.
John Hughes, who passed away Thursday of a heart attack, brought Hollywood some of the most iconic and memorable movies of the 1980's.
News Corp suffered from the economic downturn as expected, with revenue dropping to $7.67 billion. But what really hurt NewsCorp's quarter was $680 million in impairment and operating charges, mostly at MySpace's division, Fox Interactive Media.
Cost cutting and strong brands helped Disney moderate the effects of the downturn and beat analyst expectations. The weak ad market and slower consumer spending on everything from theme park extras to DVDs took their toll.
Disney reports its fiscal third quarter earnings after the bell today, and the economy downturn is likely to be felt across all its divisions. The weak ad markets will surely take their toll on ABC and the ad-supported cable networks, even ESPN.
Doug Creutz of Cowen & Company and David Joyce at Miller Tabak offered CNBC their investment advice.
Time to tune in to the media sector? Well, winds of change seem to be taking place. On the Closing Bell, Viacom CEO Philippe Dauman told Maria the U.S. advertising market is improving. Dauman says Viacom’s networks have sold most of their advanced spots at prices and volumes that please him.
The bulls just can't drive the market beyond its 9-month high. Is a correction coming?
Stocks ended slightly lower Tuesday, though the Nasdaq eked out a gain. And Citigroup shares soared.