Rupert Murdoch may still be struggling with News Corp.’s newspaper division as the hacking scandal racks up quite a bill, but his movie and TV studio and cable divisions are making gains. The media giant reported better than expected quarterly results Wednesday and announced that it’s taking a $87 million charge “related to the costs of the ongoing investigations initiated upon the closure of "The News of the World." Read More
I sat down with Disney CEO Bob Iger immediately following the company’s earnings beat—the company reported 80 cents of earnings per share, compared to the 72 cents Wall Street projected. Read More
Despite Netflix's apparent turnaround, which has most of Wall Street upgrading the stock, analyst Barton Crockett of Lazard did just the opposite, calling the online video and DVD company a 'money loser in 2011'. Read More
The Academy Awards may give News Corp. the most-needed revenue following an abysmal year at the box office through increased viewership of its two best picture-nominated films — “The Descendants” and “Tree of Life.” Read More
In the wake of the Department of Justice taking down file sharing site Megaupload.com, file sharing sites FileSonic and Uploaded.to have pulled back on their services. But Hollywood’s piracy headaches have just begun, and not just because SOPA and PIPA bills have been delayed indefinitely. Read More
Some folks will argue that we shouldn't be doing this. To that I will repeat a previous argument: Like it or not, pornography is a big business (and one we've covered before). We cover big businesses. Yes, some industries are more taboo than others. But ignoring them doesn't make them any better or any worse. It just makes them less understood. Read More