(Reuters) – Rupert Murdoch’s News Corp said it had promoted Peter Rice to chairman and chief executive of its Fox Networks Group in the first step of an expected executive shake-up ahead of the company’s split into two separate entertainment and news companies... More »
SUN VALLEY, Idaho (Reuters) – Barry Diller, the consummate Hollywood dealmaker who revamped the TV business in the 1980s, is back in the media spotlight after a federal judge threw out an injunction against Aereo, the online TV service he backs. Broadcasters i... More »
BRUSSELS (Reuters) – Universal Music Group has been given two extra days to allay EU concerns on its planned purchase of an EMI unit, two people familiar with the matter said on Wednesday after regulators warned that the combined entity would hit competition. ... More »
(Reuters) – The editor of the New York Post may be forced to answer questions about his discussions with media mogul Rupert Murdoch over fallout from the newspaper’s publication of a cartoon that appeared to liken President Barack Obama to a chimpanzee. A fede... More »
(Reuters) – NBC may not turn a profit this year from the London Olympics but expects to make money on the four future Olympic games it also purchased broadcast rights to, the top executive at NBCUniversal said on Wednesday. About a year ago, NBCUniversal, a un... More »
(Reuters) – AT&T Inc said AMC Networks is seeking an “excessive rate increase” to renew its U-verse TV contract, which the mobile service provider believes is unreasonable. “AMC Networks is asking that AT&T pay nearly double what we believe other competitors p... More »
GNIEWINO, Poland (Reuters) – Ten Real Madrid players will pull on the shirts of Spain, Portugal and Germany in this week’s Euro 2012 semi-finals, the latest reminder of the clout wielded by the world’s richest soccer club by income. Cristiano Ronaldo, the worl... More »
LOS ANGELES (Reuters) – “American Idol” host Ryan Seacrest is considering a bid to buy Dick Clark Productions, the company founded by the late TV icon and Seacrest’s mentor, people with knowledge of the matter said. Ryan Seacrest Media is among the potential b... More »
(Reuters) – Time Inc’s stable of 20 magazines, including Sports Illustrated and People, are now available for subscription on Apple’s Newsstand, the company said on Thursday. The publishing arm of Time Warner Inc was the last holdout, among large magazine comp... More »
LOS ANGELES (Reuters) – CNN said on Wednesday it was canceling John King’s daily TV show “John King, USA,” and shifting the veteran journalist to head up its 2012 presidential campaign coverage. King’s show will end on June 29, and Wolf Blitzer’s “The Situatio... More »
LOS ANGELES (Reuters) – Following are the top 10 movies at North American box offices for the four-day Memorial Day holiday weekend starting May 25, led by “Men in Black 3” at No. 1, according to studio estimates compiled by Reuters. 1 (*) MIB 3 ………………………….$70... More »
SINGAPORE (Reuters) – Who would want to watch a South Korean soap that was a flop back home? Lots of people, it turns out – something that Singapore-based startup Viki feels vindicates its business model: an ad-supported streaming TV and movie site where unpai... More »
LOS ANGELES (Reuters) – Media mogul Oprah Winfrey is expanding her online empire by teaming up with the Huffington Post for a section dedicated to the chat show host that will engage her audience, the Oprah Winfrey Network said on Wednesday. The Huffington Pos... More »
LONDON (Reuters) – BSkyB no longer dominates the British pay-TV movie market following the arrival of new entrants Lovefilm and Netflix, a regulator said, handing a boost to the broadcaster by reversing its initial findings. “Competition between providers of m... More »
LONDON (Reuters) – Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect the rest of his media empire from a phone hacking scandal. The Daily Telegraph and the Financial Times newspapers said executives ... More »
LOS ANGELES (Reuters) – The struggling NBC network on Sunday announced 16 new TV shows – seven of them comedies – for the 2012-2013 season, and in a show of confidence said it will broadcast singing contest “The Voice” in the fall as well as the spring. NBC, w... More »
LONDON (Reuters) – ITV, Britain’s biggest free-to-air commercial television broadcaster, reported a 13 percent rise in first-quarter revenue on Wednesday and vowed to outperform the overall TV market this year with a strong performance by its in-house producti... More »
NEW YORK (Reuters) – The film and TV industry has spent $60 billion in New York City over the last decade, and production of feature films and popular shows is at an “all-time high,” Mayor Michael Bloomberg said on Tuesday. While financial incentives to lure f... More »
(Reuters) – Discovery Communications reported a lower-than-expected quarterly profit on Tuesday, hurt by losses at the Oprah Winfrey Network (OWN), sending its shares down 6.5 percent. OWN, the joint venture with the “queen of talk” that is struggling with lac... More »
(Reuters) – Rupert Murdoch faces limited risk of losing News Corp’s broadcast permits in America, even amid screaming headlines in Britain that the media mogul is unfit to run a major company. The U.S. Federal Communications Commission has the power to deny a ... More »
NEW YORK (Reuters) – Edvard Munch’s masterpiece “The Scream,” one of the world’s most recognizable works of art, sold for $120 million at Sotheby’s on Wednesday, setting a new record as the most expensive piece of art ever sold at auction. Sotheby’s Impression... More »
(Reuters) – Three weeks into its international run, the Universal Studios movie “Battleship” is already a hit, racking up $171 million in overseas ticket sales. And that’s before it launches in the United States, where it is expected to be a summer blockbuster... More »
NEW YORK (Reuters) – Edvard Munch’s masterpiece “The Scream,” one of the world’s most recognizable works of art, sold for $120 million at Sotheby’s on Wednesday, setting a new record as the most expensive piece of art ever sold at auction. Sotheby’s Impression... More »
(Reuters) – Imax Corp’s quarterly net profit missed estimates by a cent, even as the Canadian giant movie screen maker posted higher recurring revenue and continued to expand its global footprint. The company expects to install 17 to 21 new theatre systems in ... More »
LOS ANGELES (Reuters) – Media watchdog the Gay & Lesbian Alliance Against Defamation brought out some big names in Hollywood over the weekend including American sweetheart Betty White to honor movies, TV shows and performers. At the annual GLAAD Media Awards o... More »
LOS ANGELES (Reuters) – Rich Ross resigned under pressure as chairman of Walt Disney Co’s movie studio after a less than three-year run that included the release of “John Carter,” one of the biggest flops in recent Hollywood history. Ross, named to the job in ... More »
(Reuters) – Astral Media Inc’s second-quarter profit rose 10 percent, helped by steady but uninspiring growth in television revenue. Astral, in the process of being acquired by Canada’s largest telecom company BCE Inc for C$3 billion, said it made a consolidat... More »
LOS ANGELES (Reuters) – Rapper Nicki Minaj shot straight to the top of the Billboard 200 album chart on Wednesday with her sophomore album “Pink Friday: Roman Reloaded,” usurping the crown from Madonna, who suffered the biggest second week sales drop in chart ... More »
SHANGHAI (Reuters) – The operator of the planned Shanghai Disney theme park has secured a 12.9 billion yuan ($2 billion) syndicated loan for the construction of the park, Chinese media reported on Wednesday, a boost for Walt Disney Co as it embarks on a newly ... More »
LOS ANGELES (Reuters) – DreamWorks Studios, the film company headed by director Steven Spielberg, will get around $200 million from its partner Reliance Entertainment to continue making films, according to a person with knowledge of the transaction. The financ... More »
PARIS (Reuters) – Al Jazeera, best known for its Middle Eastern news coverage, is taking aim at Europe’s pay-TV market, using sport to build a global media brand, just as owner Qatar is raising its profile by hosting the 2022 World Cup. The broadcaster is raci... More »
LOS ANGELES (Reuters) – The green slime flowed so much that even first lady Michelle Obama could not escape it at the Kids’ Choice Awards on Saturday where singers Justin Bieber and Taylor Swift came away big winners. The program is an annual stop for Hollywoo... More »
(Reuters) – Current TV said on Friday it fired star news anchor Keith Olbermann after one year with the progressive public affairs network, accusing him of breaching his contract and trying to sabotage the TV channel. But Olbermann, in a series of Twitter post... More »
