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Omnicom buys Davie

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Omnicom Group has purchased Davie Brown Entertainment, a West Los Angeles-based marketing firm specializing in product placement, celebrity endorsements and entertainment tie-ins.

Bad news bears down on biz stox

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Entertainment and media stocks were hammered Friday amid a broad market selloff as investors, spooked by a surprisingly bad employment report, began to foresee a much longer advertising slump.

Malone makes waves

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Liberty Media topper John Malone made some ripples in the cable pond Friday by disclosing to hundreds of Wall Streeters that AOL Time Warner has, as suspected, made a proposal to merge its cable business with AT&T Broadband.

Myriad falls for ‘Rain’

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Finance, production and sales shingle Myriad Pictures has flashed the greenlight for “Rain Falls,” a $9 million pic with Christian Slater, Amanda Peet, Patricia Arquette and Thomas Jane (“61*”) attached to star and Marlene King to helm from her own script.

A monster B.O. season

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Coming off a generally hot summer box office, most major markets have enjoyed a rousing kickoff to the fall, driven chiefly by “Planet of the Apes,” “Jurassic Park III,” “A Knight’s Tale” and “Rush Hour 2.”

Nair roars at Venice fest

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Director Mira Nair’s comedy-romance about the chaotic preparations for a Punjabi family marriage ceremony, “Monsoon Wedding,” took top honors Saturday at the 58th Venice Intl. Film Festival, marking the first Golden Lion awarded to an Indian feature since Satyajit Ray’s “Aparajito” in 1957.

Review: ‘Wolf Lake’

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A sinister series that melds “X-Files” creepiness with B-movie chills, CBS’ “Wolf Lake” gets it right when it focuses on the beasts, but the humans could use a little work.

Review: ‘17 Due Bleue’

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A standout performance by Lysiane Meis, as a single, Franco-Algerian mom fighting for both her children and mental sanity, makes “17 rue Bleue” worth a look by quality TV buyers.