Sept 2- DreamWorks Studios, the film company co-founded by Steven Spielberg, will split from Walt Disney Co after the release of his film, "The BFG," the Hollywood Reporter said, citing people familiar with the matter. Disney Studios signed a long-term, exclusive film distribution agreement with DreamWorks Studios principals Steven Spielberg and Stacey Snider...» Read More
Media stocks have tanked. A chart of the media conglomerates performance over the past 12 months is flat-out ugly. They're all in the red, and all but Disney have underperformed the Dow, and it's still down about five percent over the past 12 months.
Newspapers are breaking records -- and it's not a good thing. A double-digit drop in newspaper ad revenue, the third consecutive year of declines, and record margin contraction makes this the industry's worst year ever. The newspaper industry's ad revenue is down 12 percent this year, on top of last year's already dismal 8 percent drop.
One week until the SAG contract expires, and a deal appears highly unlikely. This as the Screen Actors Guild celebrates 75 years of butting heads with the studios. But Tom Hanks is among those actors telling SAG to butt out of another union’s contract offer...
The gap between Bollywood and Hollywood is becoming increasingly narrow. Earlier this week I blogged about how Steven Spielberg is in talks with Indian Media Giant Reliance ADA group to finance an independent studio.
Los Angeles has a beautiful train station ... pity it lacks a key modern touch.
Yesterday afternoon I flying back from a shoot, seated next to a girl who seemed about ten, who spent the flight pouring over tween magazine articles about the Jonas Brothers.
Wall Street can be a fickle place, and as investors wonder where they ought to park their money while they ride out the economic volatility gripping the country right now, they may want to harken back to some oldies but goodies: Apple Inc., Google, Research in Motion and Amazon.
DreamWorks chiefs Steven Spielberg and David Geffen are looking for their next move, and India may play a starring role. Their deal with Viacom's Paramount Pictures expires at the end of this year, and Hollywood has been buzzing about conflict between the famous director and Viacom's top brass.
I'm writing from Disney's California Adventure Park in Anaheim California, where the Toy Story Mania attraction just opened. The same ride is also opening today in Orlando at Disney Hollywood Studios.
The SEC just approved the plan to split the company's fast and slow growing divisions. A common strategy in this media landscape where old media seems slow and archaic compared to dynamic web-fueled growth.
Retail sales of licensed Disney merchandise is expected to break records and top $30 billion in global retail sales, up from $27 billion last year, and up from $13 billion just five years before that.
The idea is: Spielberg wants to own the movies it makes -- instead of having Paramount own them as it does now. And rumor has it, he wants to distribute through Universal Studios (CNBC's sister company).
A big surprise considering the economic downturn and the challenges and new competition network TV faces. The broadcast networks are bringing in about $9.2 billion for their primetime lineups, up slightly from last year, while analysts expected total sales to be flat to down.
AND YOU THINK YOU'RE HAVING A BAD DAY AT THE OFFICE: Here are two videos of one office worker who apparently can't take it anymore. Something sets him off, and he starts throwing things. The videos are making the rounds on the Internet, igniting debate over whether they're authentic, or just well-crafted put-ons. They look pretty real to me. (Note: Content may be considered mature. Viewer discretion advised.)
With the Dow plunging and concerns about employment numbers looming, it makes the potential of another strike--this one from the Screen Actors Guild--scarier.
It was fight night at the box office this weekend, and the "Kung Fu Panda" defeated Israeli commando-turned-hairdresser "Zohan" with an estimated three-day total of $60 million in box office sales.
But even if the two sides come to a resolution and there is no strike, Hollywood will still suffer a defacto work stoppage. The studios have been working hard to prepare for a strike, rushing to finish shooting films and TV shows ahead of time, making sure they don't have to shoot anything big in July.
We'll start with some NBA collectibles news. Adidas is making a special Kevin Garnett NBA Finals edition of his shoes. It's available to the public--sort of. In a super limited edition play, Adidas is making eight shoes per game played and the shoe, should you be able to get your hands on a pair, cost $1,017.
You can imagine my surprise as news releases promoting older women stuff popped up in my email box this week on the heels of the movie's success! Finally, someone cared. Someone was thinking about ME and all the exciting things I was capable of achieving if I could only move my facial muscles post-Botox.
Tomorrow Discovery launches Planet Green, replacing its home network with the first 24/7 network dedicated to environmentally-friendly programming. The new buzz word is "eco-tainment" and the company that gave us the highly-rated "Planet Earth" series is betting it'll be in high demand.
The hack of Sony Pictures last year was not behind the recent slump in the electronics giant's movie business, Sony's CEO told CNBC.
Netflix makes its first foray into Asia with its Japan launch this week, the FT reports.
A report from Variety says the company could have big plans for original content. Abhey Lamba, Mizuho Securities USA, weighs in whether the company could potentially be spread too thin.
Streaming video services invest in original programming to get exclusive content and more revenue.
Akamai is no stranger to delivering content to OTT devices, so is there a future opportunity with its existing client Apple? Tom Leighton, Akamai Technologies CEO, discusses getting faster, higher quality and safer TV content.
Hulu is announcing it's offering a commercial-free subscription option for $11.99 per month, reports CNBC's Julia Boorstin.