The Twittersphere erupted with protest when it appeared that users are following zero other people on Twitter and have 0 followers. Twitter quickly explained that it's fixing this glitch.
The next three months are without a doubt Hollywood's most important season, generating an average 42 percent of annual box office. And this summer promises to generate the biggest U.S. box office on record — we could see over $4 billion dollars in tickets sold.
Today Federal Communications Chairman Julius Genachowski laid out plans to establish the FCC's authority to regulate broadband. Genachowski wants to ensure an "open Internet" and prohibit "unreasonable discrimination" by broadband providers against certain websites. He's not issuing laws or mandating so-called net neutrality today -- at this point he's simply looking to secure the commission's direct authority.
What a difference a year makes." That's how Sumner Redstone, chairman of CBS kicked off the company's first quarter earnings call.
Time Warner CEO Jeff Bewkes was upbeat on the company's first quarter earnings call - his strategy of stripping out extraneous businesses and focusing on creating value through content seems to be working.
Video game marketing, which frankly has been stale for several years, finally has its home run. Actually, make that its perfect game success.
The phenomenal success of Avatar and strong performance at the cable networks helped grow the company's revenue 19 percent over last year to $8.8 billion.
Time Warner's stock is trading near an 18 month closing high ahead of its quarterly earnings report tomorrow morning.
Avatar's record-breaking performance — $2.7 billion in ticket sales worldwide, more than any other film (unadjusted for inflation) — should give 20th Century Fox record results.
The networks consider this a crucial month not just for Sweeps, but because it's a crucial time to snag eyeballs and ad dollars as the season wraps up, before TV viewing drops during the summer.
It's not opening in the U.S. until Friday, but its launch in a number of international markets has already grossed over $100 million in ticket sales. This earlier opening (to avoid competing with the World Cup) yielded results 26 percent stronger than the first film in those markets. The film's expected to generate $120 million to $140 million in U.S. ticket sales this weekend.
The media industry may be going through some rough times, with the landscape changing day to day, but at least one aspect is business as usual: big paydays for the people at the top. The NYT explains.
As Hollywood shrinks its films and television shows for the small screens of cellphones, its assumptions about mobile viewing are being upended by surprisingly patient consumers. The NYT reports.
Discovery Communications reported 42 percent higher quarterly profit of 39 cents per share, a nickel higher than analyst expectations. The company reported 8 percent higher revenue of $879 million, and raised its full-year outlook.
The war of words between Adobe and Apple took on new urgency with what appears to be a dire turn for the Flash maker, thanks to an open letter posted by Steve Jobs himself earlier this morning.
Coinstar, which runs coin counting machines and owns the DVD rental kiosk company, Redbox, is flying high the morning after its earnings report.
Time Warner Cable's stock added over seven and a half percent Thursday on higher subscriber numbers for all three of its services: home Internet, home phone, and digital cable. The company earned 60 cents a share, up from 48 cents in the year-earlier period.
This morning the studio pre-released preliminary full year results nearly five weeks ahead of schedule — results that could influence shareholders considering Icahn's takeover plan.
Strong performance at Viacom's cable networks and a 13 percent drop in operating costs helped the media giant beat Wall Street expectations.
A California cattle salesman accused of stealing $1.5 million from customers, including "24" actor Kiefer Sutherland, has pleaded guilty to theft and forgery charges.
Start-up BandLab, run by the son of billionaire Wilmar co-founder Kuok Khoon Hong, will be Rolling Stone's first-ever outside investor.
The effort to bring casinos to northern New Jersey was on life support Friday after referendum backers halted media spending.
The SEC charged former New York Governor David Paterson and Charles Koppelman on Friday for not reporting stock trades in a startup movie company in a timely manner.
Dan Niles, Alpha One Capital Partners founding partner, shares his take on CBS and Viacom.
Pornhub’s latest charitable scholarship offers $25,000 to a woman pursuing careers in the sciences or math.
Mario Gabelli, Gabelli Funds chairman, shares his take on Viacom amid news of interim CEO Tom Dooley stepping down, as well as the Fed.