"The Twilight Saga: New Moon" has set a box-office record for midnight screenings. Summit Entertainment estimated Friday that it earned $26.3 million after opening early in the morning.
If AOL's announcement on Thursday of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over.
General Electric and Vivendi are at least $1 billion apart in their valuation of the French group's stake in NBC Universal, the Financial Times said on Thursday.
Popular talk show host Oprah Winfrey will end her television program at the end of its 25th season in September 2011, her production company, Harpo Inc, said on Thursday.
Vivendi is close to selling its stake in U.S. media group NBC Universal (NBCU) but its board has not yet made a decision as the situation is "complex," its chief financial officer said on Thursday.
Media conglomerate Time Warner said on Monday it will spin off its AOL unit to shareholders on Dec. 9, nine tumultuous years after one of the most disastrous corporate mergers in history.
Citigroup recently rejected a proposal from Guy Hands' private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI, the Wall Street Journal said on Monday.
Friday, 13 Nov 2009 | Posted By:
David Faber | Source: CNBC staff and wire reports
General Electric and Vivendi are making slow progress in talks for the French media company to shed its 20 percent stake in NBC Universal, but a deal is still expected in the next 10 days, sources told CNBC.
Europe's largest entertainment group Vivendi delivered a better than expected 5.1 percent rise in its third-quarter underlying profit on Thursday, and said it was sticking to its 2009 forecast.
In what may be the nastiest spat since the days when Vegas handled disputes outside of court—if you get my meaning—Watanabe has filed a lawsuit accusing Hurrah's of plying him with alcohol and prescription drugs in an attempt to keep him gambling... Read More