It has been reported that BP admits to spending $1 million a week on advertising and radio since the fatal Gulf Oil Spill and explosion, which would add up to $18 million so far. But the numbers are far more shocking, according to some Kantar Media stats that are circulating on Madison Avenue.
"Avatar" is the biggest movie of all time — grossing $2.744 billion after its December debut. Producer-director-writer James Cameron says if there were more 3-D screens, the movie would have been even bigger, which is why 20th Century Fox re-released a special cut of the film only in 3-D. The movie only finished in 12th place this weekend, with $4 million from 812 locations.
The fright flick "The Last Exorcism" and the heist thriller "Takers" were in a photo finish for the top spot at the weekend box office, according to studio estimates Sunday.
Walt Disney and Time Warner Cable said Sunday that they have made "significant progress" in resolving their issues over programming fees with less than a week left to renew a pact that feeds TV channels like ESPN into American households.
Apple is the hot topic in Hollywood as studios continue negotiations with iTunes over 99 cent TV episode rentals. Now sources tell me they expect an announcement at Apple's iPod event on September 1.
People will gain a sense of confidence and spend when they get "goods news on the sovereign debt front and a coherent articulation about how we are going to rebuild the economy coming from Washington," Parsons said.
MGM's on the verge of announcing its bankruptcy and management plan, in the process of hammering out the final details right now with its 100 plus creditors.
Chatroulette, the random video-chatting site that became famous for its X-rated antics, may be getting ready to hit the "next" button. So, is it going to clean up its act?
In Senate primaries in Arizona, Florida and Alaska, veteran politicians are poised to brush back charges from insurgent outsiders and move on to the general election—possibly showing that the anti-incumbent mood of the electorate has started to soften.
If the cliche is that a best defense is a good offense, in Lionsgate's case, the best defense a bunch of middle-aged action stars.
I am totally distraught that our Move Flops slideshow contains one of my favorite movies.
Congratulations! You've just purchased a $7.6 million home. So what do you do now? If you answered "tear it down," you would be correct!
At the New York Film Festival next month, Hollywood will unleash “The Social Network,” a biting tale of the Silicon Valley giant Facebook and its founder Mark Zuckerberg. Now Facebook must decide whether to bite back, The New York Times reports.
Netflix shares have gained a whopping 185 percent over the past 12 months, but the stock is off from its all-time high it hit recently, now facing analyst downgrades and a slew of changes to the media landscape.
Facebook's long-awaited addition of the ability to "check in" could be a game changer for the social network's revenue stream.
AOL is placing a major bet on the local news market — announcing today that it's expanding its Patch hyper-local news sites to 500 markets around the US. And, for a change, this is great news for the news profession.
The trailer for the upcoming movie "The Social Network," about Facebook and its founder Mark Zuckerberg, is ripe for Internet riffing.
Hollywood loves an established fan-base, and that's exactly what the 9 million people who bought best-seller "Eat, Pray, Love" are.
Today's news that Google is partnering with DirecTV to sell ads for cable networks could have far-reaching implications for Google and the ad business. This could be a win-win-win for Google, DirecTV, as well as advertisers, and it has the potential to shake up Madison Avenue.
State workers across the country have long complained about budget-cutting by way of furloughs and pay cuts. Now California’s state employee unions are taking the fight to the wellspring of Gov. Arnold Schwarzenegger’s popularity: the big screen. The NYT reports.
WBO world welterweight champion Manny Pacquiao and Amir Khan say they have agreed to terms for a fight.
"Logan" may determine whether Twentieth Century Fox makes more adult-oriented X-Men films.
Shares of Live Nation fell 4 percent on Friday following the company's fourth-quarter financial report released Thursday.
Feb 23- The New York Times Co will air its first TV ad in seven years on Sunday's broadcast of the Academy Awards on ABC, as the 166- year old newspaper looks to highlight independent journalism amid U.S. While ABC, owned by Walt Disney Co, does not comment on how much it receives from advertisers, a source with knowledge of negotiations said the Times' ad buy was in that...
FCC Chairman Ajit Pai declined to say on Thursday if he would seek to use the proposed TV station license transfer as a way to examine the AT&T/Time Warner merger. The station that Time Warner is selling, WPCH-TV in Atlanta, is its only FCC- regulated broadcast station. Time Warner said last month that since it did not plan to transfer any FCC licenses to AT&T, it would...
FCC Chairman Ajit Pai on Thursday declined to say if he would seek to use the proposed TV station license transfer as a way to examine the AT&T Time Warner merger. The station that Time Warner is selling, WPCH-TV in Atlanta, is its only FCC- regulated broadcast station. Time Warner said last month that since it does not plan to transfer any FCC licenses to AT&T, it would...