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.
Barry Diller's IAC/Interactive Corp and AOL both reported earnings before the bell. IAC's results exceeded expectations — it grew revenue 16 percent on 20 percent higher search ad revenue.
Better subscriber numbers, higher revenue per subscriber, and higher advertising helped Comcast beat Wall Street expectations.
Wednesday morning before the bell Comcast will be the first of the media giants to report its quarterly earnings.
It's a battle of the newspaper moguls. Rupert Murdoch's Wall Street Journal and Arthur Sulzberger's New York Times are fighting over Manhattan readers and pushing to build a foothold in local editions
Hugh Hefner is the White Knight who stepped in to save the land around the iconic Hollywood Sign.
James Cameron's 3-D epic "Avatar" also holds remarkable appeal in a 2-D format — breaking home entertainment records in its first four days on sale.
In small but significant numbers, filmmakers and casting executives are beginning to re-examine Hollywood’s attitude toward breast implants, Botox, collagen-injected lips and all manner of plastic surgery. The NYT reports.
Netflix's stock closed the week just under $100 after topping that landmark for the first time ever on Thursday. The stock has had a phenomenal run: it gained 16 percent Thursday alone, and for the year is up about 80 percent.
Sprint agreed to acquire a 33-percent stake in Tidal as part of a deal to give the carrier's customers access to exclusive music content.
Yordano Ventura and Andy Marte died in two different traffic accidents, authorities in the Dominican Republic say.
Donald Trump has no plans to cut back on his use of Twitter despite the disapproval of the majority of Americans.
Netflix decided to that Trump's inauguration was a good time to reveal when its political drama would return.
Facebook briefly withdrew posting privileges for state-run broadcaster Russia Today on Thursday prompting a backlash.
LOS ANGELES, Jan 20- Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment. "There are moments when it's really hard to make a decision about a pickup," Freeform President Tom Ascheim said, announcing the renewal at a...