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Viv U’s sinking feeling

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Several media conglomerates took a drubbing in the stock market on Friday, led by a bruised Vivendi Universal, which sank to a new low after debt-rating agency Moody’s cut its rating on the French behemoth to one level above “junk” status.

Spider’s in outer space

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Now that’s amazing, “Spider-Man.” Sony’s web-slinging superhero finally leaped from comic-book pages to the silver screen this weekend, and the result was a mega-boffo bow that broke the all-time record for opening box office by 26% with an estimated $114 million over three days.

CCTV stumps up $500,000 for ad

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Pubcaster China Central Television is going for the ultimate in Western commercialism — a $500,000 ad campaign to raise awareness of its CCTV2 channel.

Kill violent content

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The local entertainment industry is fending off government calls to curb TV, video and Internet violence after a teen shooting at a high school on April 26 left 17 dead.

Cabler gets into movie fest mood

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Paybox Cable TV looked like it had pulled off quite a coup when it aired movies playing at the Hong Kong Intl. Film Festival on one of its three movie channels in March and April.

Tyro cabler TEN wins World Cup

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Millions of soccer fans across south Asia could be deprived of live World Cup action this month after a fledgling cable sports channel based in Dubai won the right to broadcast the event in the region.

Serials losing pop at webs

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Anxious to develop drama hits, networks have started following the lead of successful skeins like “Law & Order” and “CSI,” which repeat well and don’t scare off viewers that have missed an episode — or eight.