As global markets reel from a brutal selloff and a subsequent rally, the cable and media industry has been battling a home-grown rout of its own.» Read More
Carl Icahn's recent increased investment in Lions Gate shares isn't the only news resulting from the company's low stock price. On October 10 the stock dipped below $6, triggering a margin call by Merrill Lynch for Vice Chairman Michael Burns, selling 672,000 shares of his stock, 49 percent of his stake in the company, recorded in a Form 4 filed on October 14.
This Sunday the Screen Actors Guild's board of directors agreed to ask a federal mediator help with negotiations with the film and TV studios, which could get the producers guild (the AMPTP) and SAG to sit down for their first formal talks since their contract expired on June 30.
Suddenly, across Hollywood, the stock market is not such a sexy subject anymore — at least not in a yearning sense, says the New York Times.
The credit crunch is hitting the whole media sector — and hard. Two media moguls in particular, Sumner Redstone and Rupert Murdoch, have seen their firms' stock prices hammered. But they're finding themselves in diverse spots and they're spinning their situations quite differently.
Update II: After yesterday, I wasn't so sure that my prediction that the Jets would not get the $25,000 average for Coaches Club personal seat licenses would hold up. But things haven't been in the Jets' favor on Day 2 of the auction on eBay's StubHub.
The world's largest audiovisual content market kicked off in Cannes with MIPCOM 2008 amid turmoil in the financial markets.
Sam Zell saw opportunity in the Tribune Co., when he took it private in April 2007, giving employees a majority stake in the debt-heavy company.
CNBC presenter Ross Westgate offers his view of how audiovisual and content companies are grappling with a financial meltdown across the globe from the Mipcom conference in Cannes.
Facing an increasingly bleak economic picture, media giant Viacom cut its financial outlook for the first year, sending its shares, and shares of other media stocks, falling.
With these studio pics running between $100k and $500k per day, an actors' walkout could mean big trouble. Some studios will wait until next year before they start shooting, but for the most part the media giants are getting back to business, because they have little choice.
Spielberg and Snider are expected to take most of their current 140 DreamWorks employees with them to their new venture financed with $1.3 billion, the equity put up by India's Reliance and the debut financing from J.P. Morgan
The research group looked at movies that opened on 1,000 or more screens between 2003 and 2007. Nine films in the $90 to $100 million range posted an average net profit of $374.7 million, and 80 films costing more than $100 million showed average profitability of $282.3 million.
It's a tough time for newspaper and magazine publishers. This week, "The Sun," the six-year old daily newspaper, printed its final paper. The conservative-oriented paper searched for new financial backers for nearly a month, and finding no private equity interest, had to shut down. Meanwhile Variety, the 103-year old Hollywood trade publication, can't find a buyer.
As I watch the markets tumble and I hear talk not just of recession, but of depression, I have to wonder whether there's any chance 75 percent of SAG members would vote to strike, which is what it takes to get authorization.
When the world's richest athletes sign endorsement deals, they are usually with blue chip companies. The thinking is always to do an advertisement or commercial that aligns with a certain class of company.
The six major Hollywood studios sued RealNetworks, parent of the Rhapsody music service, to prevent it from distributing a new DVD copying software called RealDVD which launches Tuesday.
Viacom's Paramount Pictures studio signed a deal Monday with Marvel Entertainment's Marvel Studios to distribute its next five films worldwide.
While Wall Street and Washington were working on trying to fix our economy, one of the strongest brands in Hollywood celebrated its upcoming lineup, perhaps remembering that movie going usually booms during a recession.
Michael Beasley's sticking to the line that he's been in adidas shoes his entire life. We're fine with that. But there's no reason to go out of the way to say you've been completely loyal if there are thousands of photos that suggest otherwise.
Sure, it's not boom time, but the fact that media companies are able to attract financing is impressive, and a testament to the fact that movie going is generally counter-cyclical.
The departure of one of Apple's most senior music executives will also surprise the music industry, the FT reports.
As global markets reel from a brutal selloff and a subsequent rally, the cable and media industry has been battling a home-grown rout of its own.
Despite having a surname that is closely tied to Indonesia's oil and gas industry, Mike Wiluan has made a mark for himself in film-making.
Eric Zinterhofer, non-executive chairman at Charter Communications, & Searchlight Capital's co-founder, discusses which media networks are thriving and which are vulnerable.
Data-crunching ad agencies help candidates target the right voters in the right spaces—including your specific TV.
MEXICO CITY, Aug 25- America Movil said on Tuesday it is facing a Mexico regulatory probe into whether its fixed-line unit Telmex violated the terms of its concession, and whether it broke the law, dealing a blow to its television ambitions at home. The probe will come as a major blow to America Movil, which is owned by the family of billionaire Carlos Slim and was...