Nov 25- U.S. film studio Relativity Media LLC is accusing its senior lender and two former executives of a secret plan to thwart its refinancing efforts, a factor that it said in court documents helped lead to its July bankruptcy filing. In a revised disclosure statement for its plan to exit bankruptcy, Relativity said lender Colbeck Capital Management...» Read More
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.
Stocks finished lower Wednesday despite a late comeback attempt as the weight of disappointing economic news and a weak Treasury auction dragged down major indexes.
It's been a year in the making, and now finally Yahoo and Microsoft are teaming up to take on Google's dominance in search. Alone neither Yahoo nor Microsoft had a chance against Google, but the tech and web giants 10 year search ad deal gives them a real opportunity to compete.
Time Warner is moving towards a new streamlined, content-focused model, and though it's suffering from the ad downturn, that core content business is thriving.
Stocks declined Wednesday as weak demand for today's Treasury auction and a sharp drop in oil prices dragged on the market. A disappointing durable-goods report didn't help either.
Stocks declined Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
DreamWorks Animation has the benefit of not being exposed to the weak ad market - but now the weak ad market is actually going to help the film studio cut costs and grow margins.
Futures tumbled Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
It was a tough quarter for Viacom, which struggled the economy, namely the weak ad market and lower video game sales of its "Rock Band" game. Plus, Sumner Redstone's media giant had fewer movie releases and tough comps with last year.
An elite squad of guinea pigs has worked its own brand of magic at the box office, taking the No. 1 spot from boy wizard Harry Potter.
Twitter is the talk of the Fortune Brainstorm conference. Everyone agrees it's a hot, powerful, popular new tool. But there's zero consensus about its profit potential.
While Technology is the topic of the Fortune Brainstorm TECH conference in Pasadena, Ca, where I'm reporting from today, media companies are front and center here.
The booming box office is deceiving — movie studios are topping the $1 billion mark earlier this year than in years past and movies like Harry Potter continue to break opening-weekend records. But behind all those upbeat numbers, the industry is struggling.
AEG Live is looking to recoup the $30 million-plus it spent producing Michael Jackson's unrealized concert tour, and now it's selling off the rights to the rehearsal footage. Sources tell me that Sony Pictures Entertainment has bid $50 million to acquire the distribution rights.
Sony's movie studio has bid $50 million to acquire the worldwide distribution rights to a film based on rehearsal footage for Michael Jackson's "This Is It" comeback concert series.
In the three years since she started Deadline Hollywood Daily, a daily blog about the entertainment business, her combination of old-school skills — she is a relentless reporter — and new-media immediacy has made her a must-click look into the ragingly insecure id of Hollywood.
Historic studio MGM has been the subject of lots of rumors and speculation about its financial health.
Harry Potter is some Wizard; he turns pretty much every business he touches into gold. The sixth movie in the franchise "Harry Potter and the Half-Blood Prince" opened at 12:01 Wednesday am with a record take; its 3,000 plus midnight shows brought in $22.2 million at the US box office. That's a solid ten million dollars more than the midnight gross from the previous Potter film. This puts the wizard on track for the biggest Wednesday to Sunday opening ever.
Here's a shocker for the struggling newspaper industry: good news! The largest US newspaper publisher, Gannett, beat analyst estimates with earnings of 46 cents per share (excluding some items), eight cents higher than analysts estimates, sending the stock higher in Wednesday trading.
Time Warner and Comcast's partnership to bring cable TV content to the Internet is adding more big brand-name partners.
American designer Carrie Hammer made her mark at Shanghai Fashion Week with the models she used on the runway.
Sumner Redstone's ex-girlfriend has filed a lawsuit alleging he is mentally impaired and unable to make decisions, reports CNBC's Julia Boorstin.
Tim Leiweke, Oak View CEO, is launching a new venture for entertainment venues.
Nov 25- Tegna Inc, the broadcast and digital company that split from Gannett Co Inc earlier this year, has assembled a group of employees to make local broadcast television, including news, more interesting to a younger audience. The McLean, Virginia- based company is also trying to create more original programming and discussing ways to better integrate its...
The NFL has been talking about selling its rights for Thursday night games, reports CNBC's Julia Boorstin.
LOS ANGELES— If you're shopping for a TV, get out a tape measure and do some quick calculations before you head to the store. And count the number of gadgets you'll want to connect to your screen. If you're sitting far away, a regular HD set will be just fine— for $100 to $200 less.