TV Azteca execs have blamed the weak peso for a 65% drop in net profit for the first quarter of 2003 to 75 million pesos ($7 million) compared with $20 million for the same period last year.
The sale of assets, improved ad markets and strong TV ratings brought CanWest, Canada's largest media conglom, into the black for the second quarter.
Amid SARS, Saddam and a sluggish economy, showbiz congloms sowed a surprisingly solid set of financial results last week. Viacom and AOL Time Warner were profitable in the March quarter. James Bond…
Talent agencies are working overtime to figure out how they can help fill empty studio pockets -- for a fee, of course.
When it comes to writers and actors, studios are finding that they can get more work for less money. One example is the one-step deal for writers, which has been growing in popularity at all the…
After years of getting pummeled in court by the entertainment biz, Internet file swappers are savoring a morsel of sweet revenge. In a stunning reversal of recent legal precedent, a federal judge on…
Sony Pictures -- on the strength of "Spider-Man" and a handful of other pics -- was the brightest spot in parent Sony Corp.'s latest earnings report. But the Japanese giant's profit came in below…
Vivendi Universal's vidgame unit held a coming-out party Thursday, presenting itself for the first time as a reorganized, unified company, rather than a haphazard collection of sometimes competing…
Move over war corespondents, Hollywood just took the embedding process one step further. Reality TV producer Bertram van Munster and the Pentagon have joined forces to grab a piece of the action in…
The White House Thursday threw the full weight of the Oval Office and the administration behind FCC Commissioner Michael Powell's desire to wrap up work on new media ownership rules June 2.