Bertelsmann AG will dilute its 50% share in CLT-Ufa, Europe's largest TV and radio house, in a deal bringing in German newspaper group Westdeutsche Allgemeine Zeitung (WAZ), it was confirmed Tuesday.
Ticketmaster has purchased the outstanding 50% equity interest in its Ticketmaster-Northwest joint venture for $12.5 million.
Lars Kolvig, managing director of Nordisk Film Production and the last of the old guard of Nordisk top management to stay on following a 1992 merger with the Egmont Group, resigned Tuesday.
The $573 million MGM/Metromedia merger, whose idea was it? Sidney Sapsowitz says it was his, and in a complaint filed in Los Angeles Superior Court the former MGM finance exec VP is suing to get his…
President Clinton unveiled his Internet policy to generally good reviews from entertainment industry groups Tuesday, but copyright holders were hoping the White House would take a stronger stand in…
Silvio Berlusconi's Fininvest, which controls TV outfit Mediaset and film unit Medusa, said net profits in 1996 slipped to 397.9 billion lire ($234 million) from $250 million a year earlier.
The Directors Guild of America will present its first DGA Diversity Award in September, honoring a producer or employer in the industry who has demonstrated a commitment to the hiring of women and…
Viacom Inc.'s troubled Blockbuster video chain will report an alarming 76% plunge in operating profit to as low as $40 million for the second quarter, Viacom warned Tuesday, signaling that…
Underscoring the strong demand for creative talent, writers earned a record $653 million in 1996, an increase of 12% over a year earlier, according to the latest report of the Writers Guild of…
Hero Prods. of Miami signed a five-year, $5.3 million agreement with Denver-based Hallmark Entertainment Networks Inc. to provide additional satellite capacity, uplink and master control services for…