Astral Communications of Montreal has paid C$17.4 million ($12.6 million) to acquire a 25% stake in Radiomutuel, a Quebec broadcaster that owns several specialty TV services and 11 radio stations.
Angry shareholders put Viacom Inc. chairman Sumner Redstone on the defensive at the company's annual meeting Thursday, forcing him to defend his leadership, the company's management and its strategy…
Silicon Graphics said Thursday it would donate hardware and software to California Institute of the Arts to facilitate training of artists for the visual effects and animation fields. The equipment…
The entertainment side of the new media business grew up thanks largely to the venture capital industry, which funded many a startup company. In the early days --- meaning three years ago…
Rep. Charles Schumer (D-N.Y.) has asked the Justice Dept. and the Federal Trade Commission to investigate Cablevision Systems Corp.'s pending deal to acquire Madison Square Garden, along with the New…
Reps for studios and the Writers Guild of America will hold so-called "fast track" negotiations in an attempt to come to terms on a new contract well before the current agreement's May 1, 1998…
Although a jury found Miller Brewing unlawfully used the Spin Doctors hit "Two Princes" for a commercial, the group has reached a confidential settlement with the company.
Nelvana Ltd., Canada's biggest animation production company, has reported sharply lower revenue and profit in the traditionally weak first quarter.
Optus Communications pink-slipped more than 100 people and announced a senior management reshuffle at its loss-making pay TV unit Optus Vision Tuesday.
In a ruling which could limit the scope of influence managers have in committing their clients to projects, an L.A. Superior Court judge ruled a valid contract did not exist when actress Pamela…