Epix pay TV channel signs output deal with independent filmmaker Samuel Goldwyn FilmsLOS ANGELES — Epix, the fledgling pay TV channel being launched in October by Paramount Pictures, Lionsgate and MGM Studios, took a step closer to legitimacy by signing its first deal with a movie production company outside its ownership group. News Corp. COO says $1-per-night Redbox DVD rentals are ‘grossly undervaluing’ a movie’s worthOne of the bright spots of News Corp.’s fiscal fourth-quarter earnings results Wednesday was its movie studio segment, which saw revenue rise 13 percent to $1.72 billion despite a profit dip because of some expensive productions. Review: Songs sound good on Sony X Series Walkman, but other features fall flatSAN FRANCISCO — Thirty years after revolutionizing portable music with the Walkman for playing cassette tapes, Sony is trying to master the digital media player with the X Series Walkman. In latest bid for e-book customers, Sony will release $199 Reader, a third off Kindle priceSAN FRANCISCO — Electronic books are often mentioned in the same breath as Amazon.com Inc.’s Kindle digital reader. Now e-book rival Sony Corp. is determined to recapture consumers’ attention with a smaller reader that’s also $100 cheaper. American rapper Lumidee makes video in Cuba as artists push cultural thawHAVANA — It’s well after midnight and the New Yorker is strutting down a crumbling sidewalk in impossibly high — red-sequined — heels, lip-syncing a few seconds of her rap while cameras roll for a music video. OUT THERE: Olympic lugers take up wake surfing on Lake PlacidLAKE PLACID, N.Y. — Brian Martin surfed up the pale green wave into the froth on top, then sliced down and up in a series of short turns, his muscular torso twisting each time. Disney 3rd quarter profit falls 26 percent due to tough global economyLOS ANGELES — The Walt Disney Co. said Thursday its fiscal third-quarter profit fell 26 percent as slower DVD sales pushed its movie studio into the red while the weakening market for TV ads stabilized. Student sued by recording industry in Mass. music downloading case testifiesBOSTON — A Boston University graduate student accused of illegally swapping music online has admitted downloading and sharing hundreds of songs. Time Warner’s posts drop in 2Q earnings, but affirms full-year outlookNEW YORK — Media conglomerate Time Warner Inc. said Wednesday its second-quarter profit shrank 34 percent as the ad slump and slow DVD sales hurt revenue in the company’s publishing, movie and online properties. DreamWorks beats 2nd quarter estimates; expects marketing, production costs to fallLOS ANGELES — DreamWorks Animation SKG Inc. reported Tuesday second-quarter earnings that blew past Wall Street forecasts and said cheaper advertising and its bigger film lineup will mean cost savings ahead. DreamWorks beats 2nd quarter estimates on strong showing from ‘Kung Fu Panda,’ ‘Madagascar 2′GLENDALE, Calif. — DreamWorks Animation SKG Inc. on Tuesday reported second-quarter earnings that blew past Wall Street forecasts on the strength of last year’s films. Viacom: Ad outlook good despite 2nd-quarter profit drop on weak ad market, slow video gamesNEW YORK — Viacom Inc. struck a hopeful note on advertising for the rest of the year even as the media conglomerate controlled by Sumner Redstone saw second-quarter profit plunge on weak ad markets, video game sales and box-office returns. Viacom’s 2nd-quarter profit falls 32 percent on weak ad market, slow video game salesNEW YORK — Viacom Inc. struck a hopeful note on advertising for the rest of the year even as the media conglomerate controlled by Sumner Redstone saw second-quarter profit plunge on weak ad markets, video game sales and box-office returns. James Cameron and Peter Jackson discuss the future of film, 3-D technology at Comic ConSAN DIEGO — “Titanic.” ”Lord of the Rings.” ”Aliens.” ”King Kong.” ”The Terminator.” ‘Avatar’ ratchets 3-D to another world and budget level in Cameron’s return to feature filmsSAN DIEGO — When James Cameron directed his first 3-D film, “Terminator 2: 3-D,” for Universal Studios theme parks more than a decade ago, the bulky camera equipment made some shots awkward or impossible. Video of Minn. couple boogying down a church aisle at their wedding is a hit on YouTubeST. PAUL, Minn. — The video of a Minnesota couple who boogied down a church aisle with their wedding party to the surprise of their guests is a hit on YouTube. Netflix CEO explains why he won’t expand into DVD kiosks, despite threat posed by RedboxAlmost everything has been going right for Netflix Inc. for the past year, except for one nagging issue: some consumers are so strapped for money that they have been canceling the DVD-by-mail rental service and getting their entertainment fix from in-store kiosks that dispense discs for $1 per night. Netflix remains on a roll in recession as 2Q profit rises 22 percent to top analyst viewsSAN FRANCISCO — Netflix Inc.’s second-quarter profit shot past analyst expectations, following a familiar script as recession-weary consumers flocked to its DVD-by-mail and Internet streaming service. Amazon 2nd-qtr profit declines due to Toys R Us dispute settlement charge, beats analyst viewsSAN FRANCISCO — Amazon.com Inc. said Thursday that its second-quarter earnings fell while sales rose, as the leading online retailer recorded a $51 million payment to settle a long-standing dispute with former partner Toys R Us. Netflix 2nd-quarter profit, sales jump as subscriber base growsNEW YORK — Netflix Inc.’s second-quarter profit coasted past expectations as recession-weary customers continued to embrace its DVD-by-mail and streaming movie service. More books in more places: New e-book reader to use AT&T network, imitating Amazon’s KindleNEW YORK — Following in the footsteps of Amazon.com Inc.’s Kindle, another e-book reader is set to get a wireless connection from a cellular carrier, letting it access books anywhere there’s a signal. With kids as young as 5 hooked on Harry Potter, parents struggle with older, darker themesIt’s a little-kid rite of passage: lugging Harry Potter to and fro, begging for toy wands and Hogwarts birthday parties. But the boy wizard is nearly grown, and the love of magic he inspires in the very young is now tinged with pure evil, dripping with teen hormones. Shares of Barnes & Noble fall, analysts tepid on new e-bookstorePORTLAND, Ore. — Shares in Barnes & Noble Inc. slipped Tuesday as the bookseller’s plans for a new electronic bookstore received a tepid response from investors and analysts. ESPN reporter Erin Andrews surreptitiously videotaped nude in hotel, video posted on WebHARTFORD, Conn. — ESPN reporter Erin Andrews was secretly videotaped in the nude while she was alone in a hotel room, and the video was posted on the Internet, her attorney said. Barnes & Noble goes after Amazon with new e-bookstore that offers titles in multiple formatsPORTLAND, Ore. — Barnes & Noble Inc. on Monday stepped up its fight in the small but highly competitive market for electronic books with the launch of a new e-bookstore offering titles to be read on a variety of devices. The way he moved: Michael Jackson leaves void in the dance world; new generation discovers himNEW YORK — Growing up in Crown Heights, Anthony Rue II wanted to be like Mike. Annual profits fall at BBC Worldwide on Woolworths, video-on-demand write-offsLONDON — Profits at BBC Worldwide, the commercial arm of the British Broadcasting Corp., almost halved after writeoffs relating to the collapse of retailer Woolworths and the decision by competition authorities to block a video-on-demand venture. Blockbuster hoping to close Netflix gap by piping video rentals on Internet to Samsung TVsSAN FRANCISCO — Having been a step behind in the race to pipe entertainment from the Internet to TV screens, struggling video rental-chain Blockbuster Inc. is counting on a new partnership with Samsung Electronics America Inc. to regain ground on rival Netflix Inc. IMAX taking its big screens to Asia as part of aggressive global expansionTOKYO — Megascreen theater company IMAX Corp. is hoping Harry Potter’s magic touch will help catapult the company itself into a global smash hit. Baron Cohen’s ‘Bruno’ sashays to box-office fame with $30.4M; ‘Ice Age’ follows with $26.5MLOS ANGELES — Gay Austrian fashion devotee Bruno has landed the No. 1 spot at the weekend box office, though it’s uncertain how much staying power he has. Canadian songwriter online sensation for his video about United Airlines breaking his guitarHALIFAX, Nova Scotia — A Canadian musician has become an Internet sensation after posting a song on YouTube about United Airlines breaking his guitar. Statue of Liberty replica missing from NY coffee shop shown blindfolded, beheaded in Web videoNEW YORK — A replica Statue of Liberty stolen from a New York City coffee shop has apparently turned up in a video that shows it blindfolded, beheaded and smashed to pieces. Universal Music Group partners with TuneCore to help discover new artistsLOS ANGELES — Universal Music Group’s distribution arm is teaming up with digital track distributor TuneCore, a move it says will give it a leg up in signing up-and-coming artists without a recording deal yet. NY congressman stands by YouTube video blasting Michael Jackson as ‘pervert,’ child molesterNEW YORK — A New York congressman who posted a YouTube video blasting Michael Jackson as a “pervert” and child molester is standing by his words. Amazon lowers price of Kindle electronic reader to $299 from $359NEW YORK — Amazon.com Inc. cut the price of its Kindle electronic reading device to $299 on Wednesday in an effort to attract more bookworms and make the gadget a mainstream hit. |
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