The feds have it all wrong. When the Commerce Department issued a report earlier this year noting that Hollywood was truly a global industry, it missed the point that foreigners are, in a great part…
Rupert Murdoch may have had a wish granted yesterday. The Fox topper said an investment-grade rating from one of the large rating agencies was his dearest goal and he may have accomplished just that…
As talent agencies become more sophisticated in their financial analysis of the movie industry, "Talent is grabbing an even larger piece of the pie" of gross margins, 20th Century Fox president and…
Time Warner borrowed another $ 1 billion in debt in the capital markets yesterday, making it the biggest corporate borrower in the public markets so far this year.
As part of its drive to slash costs, debt-laden Westwood One has sold its WYNY-FM radio station. The company announced yesterday that it has signed a definitive agreement to sell its New York country…
It's raining red ink at Euro Disneyland, even though the sun is shining on coffers at its Walt Disney parent headquarters in Burbank.
Fox parent News Corp. looks as if it's about to follow Time Warner and TCI to the bond markets to restructure its balance sheet at lower interest rates.
In yet another move to get out from under its debt-ridden balance sheet, Time Warner announced yesterday that it will buy back 45 million shares of its Series D preferred stock for $ 2.5 billion.
Paramount shares jumped $ 3.50 yesterday to close at $ 46.13 on rumors that CBS is seeking to buy the media conglomerate.
NBC parent General Electric reported a 7% increase in earnings for 1992 to $ 4.725 billion ($ 5.51 per share) from $ 4.435 billion ($ 5.10 per share) in 1991.
Last August, more than 30 parties expressed an interest in acquiring Imagine Films Entertainment, according to documents sent out yesterday to Imagine's public shareholders.
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