In an effort to build a "lean, flexible organization," Universal Music Group is expected to pinkslip more than 3,000 employees worldwide in the months ahead following Thursday's closing of U's $10.4…
Buena Vista Intl. has inked a two-year, first-look deal with the U.K.'s Fragile Films and TalkBack Prods. to develop, finance and distribute British theatrical comedies. BVI will distribute the pics…
Marvin Shapiro, a TV sales executive veteran who spent 28 years with CBS, died Nov. 22 of cancer in Los Angeles. He was 65. Shapiro’s advertising career began during the 1960s at several New York…
Investors rushed to load up on stock of CBS' radio and outdoor spinoff Infinity Broadcasting on its first day of trading Thursday, pushing Infinity to a close of $23.12, up $2.62 from its IPO price…
There's a new forecast for longtime WNBC stormtracker Joe Witte: sunny, with a 100% chance of CNBC.
U.K. production giant Granada Media Group has made its first move into Australia by buying Melbourne-based Artist Services, one of the top three Oz indie producers.
In a key step toward the preservation of Latino cinema, U.K. post-production equipper Innovation TK will supply Cuba with about $200,000 in much-needed hardware and services.
If you can't beat 'em, join 'em. That is what the Recording Industry Assn. of America has apparently decided after realizing it has lost the battle to control the digital delivery of music on the…
Onetime writedowns totaling $68.2 million on closure of old theaters sent General Cinema's parent company GC Cos. Inc. to a loss of $42.6 million in the October quarter, it said Wednesday, compared…
Satcaster U.S. Satellite Broadcasting saw its stock price soar nearly 40% Wednesday on rumors of an impending acquisition by DirecTV parent Hughes Electronics.
Holland Media Group (HMG) has inked a multimillion-dollar deal with RCV Entertainment for the TV rights to up to a dozen films, including Oscar winner "The English Patient."