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COMPANY TOWN

  • Trump's attacks on CNN aren't hurting it one bit

    Trump's attacks on CNN aren't hurting it one bit

    President Trump keeps calling CNN fake news, but his administration’s positive effect on the cable news network’s business is real. CNN President Jeff Zucker said Thursday that the recent ratings lift fueled by viewer fascination with the early days of the Trump presidency is putting the Turner...

  • The surprising success of 'xXx' sequel in China offers marketing lessons for Hollywood

    The surprising success of 'xXx' sequel in China offers marketing lessons for Hollywood

    Paramount Pictures and its marketing partners wanted to make sure China’s young, digitally-inclined moviegoers were excited for the new action sequel “xXx: Return of Xander Cage.” So the team made a music video for an original song by “xXx” star and Chinese heartthrob Kris Wu. The video, which...

  • Federal prosecutors are probing sexual harassment settlements paid out by Fox News

    Federal prosecutors are probing sexual harassment settlements paid out by Fox News

    The U.S. attorney’s office is exploring whether Fox News settlement payments for sexual harassment claims should have been reported to the shareholders of parent company 21st Century Fox. Fox News said in a statement issued Wednesday that it has been in discussions with the office “for months”...

  • CBS reports quarterly loss following pension settlement

    CBS reports quarterly loss following pension settlement

    CBS Corp. beat Wall Street expectations for its fourth quarter results as the big broadcaster begins to unwind its radio station business — a divestiture that will make the company less reliant on advertising revenue.  “We turned in another great quarter and another terrific year at the CBS Corp.,”...

  • Time Warner shareholders vote to sell company to AT&T for $85.4 billion

    Time Warner shareholders vote to sell company to AT&T for $85.4 billion

    Time Warner Inc. shareholders were in a marrying mood Wednesday, voting to sell the entertainment company to telecommunications giant AT&T for $85.4-billion. Stockholders representing nearly 79% of the outstanding Time Warner shares approved the merger agreement, according to a preliminary count...

  • Universal buys minority stake in Steven Spielberg's Amblin Partners

    Universal buys minority stake in Steven Spielberg's Amblin Partners

    Universal Pictures is doubling down on its longstanding relationship with filmmaker Steven Spielberg. The Comcast Corp.-owned entertainment company said Wednesday it will acquire a minority stake in the director’s production house Amblin Partners, deepening its existing partnership with the renowned...

  • Virtual reality industry 'in need of a jump-start,' Imax CEO says at new VR center

    Virtual reality industry 'in need of a jump-start,' Imax CEO says at new VR center

    Richard Gelfond, chief executive of big-screen company Imax Corp., unveiled his new virtual reality center Tuesday with a bullish plan to turn the nascent VR industry into a mainstream art form just like movies and video games. It won’t be easy. The VR business, Gelfond said, remains stuck in its...

  • Puppeteers allege Disney is closing show at California Adventure over union activities

    Puppeteers allege Disney is closing show at California Adventure over union activities

    Puppeteer Art Vega has worked in the “Disney Junior —  Live on Stage!” show at Disney California Adventure for 14 years, delighting children with performances featuring Mickey Mouse, Donald Duck and Goofy. But his work is scheduled to end April 9, when Walt Disney Co. plans to close the current...

  • Apple's original TV production to begin small: 'We are just starting out'

    Apple's original TV production to begin small: 'We are just starting out'

    Apple Inc. isn’t ready to take on the titans of TV — at least not yet. The company is wading slowly into the business of producing original television shows, a cautious approach that seems to belie the ethos of the tech giant famous for its game-changing innovations from the smartphone to the tablet...

  • Disney ends deal with YouTube star PewDiePie over Nazi imagery and jokes

    Disney ends deal with YouTube star PewDiePie over Nazi imagery and jokes

    Brands hire YouTube stars to do what TV commercials can’t — reach young people who prefer media that’s unpolished and relatable.  That’s one reason Walt Disney Co.’s Maker Studios tapped PewDiePie, YouTube’s biggest personality, who has amassed tens of millions of subscribers with off-the-cuff...

  • 'Today' show executive Noah Oppenheim is named president of NBC News

    'Today' show executive Noah Oppenheim is named president of NBC News

    NBC News moved to shake up its management team Tuesday, putting the future of the news division in the hands of Noah Oppenheim, the executive in charge of the network’s highly profitable morning show “Today.” The respected 38-year-old news producer, who also has a successful career as a screenwriter,...

  • Matt Damon's 'Great Wall' poised for soft U.S. opening against 'Lego Batman' and 'Fifty Shades'

    Matt Damon's 'Great Wall' poised for soft U.S. opening against 'Lego Batman' and 'Fifty Shades'

    They’re both box-office successes, they’re both sequels, and they both feature reclusive billionaires with outsized egos. But that’s pretty much where the similarities end between “The Lego Batman Movie” and “Fifty Shades Darker,” which are poised for a box-office rematch during the upcoming Presidents...

  • 'xXx: The Return of Xander Cage' dominates China's box office

    'xXx: The Return of Xander Cage' dominates China's box office

    Vin Diesel’s “xXx: The Return of Xander Cage” dominated China’s box office last week, as foreign films regained their strength after a temporary ban during the Lunar New Year holiday. The Hollywood action film opened Friday with $20.3 million in ticket receipts, almost three times the size of its...

  • Anchor Josh Elliott is out at CBS News

    Anchor Josh Elliott is out at CBS News

    Josh Elliott is out at CBS News on Monday after less than a year in the anchor chair at its digital news channel, sources say. The circumstances of the dismissal are related to his handling of his expected move to a higher profile role at CBS News, according to two people familiar with the matter...

  • Paramount, Amazon productions qualify for California tax incentive

    Paramount, Amazon productions qualify for California tax incentive

    Movies from Paramount Pictures and Amazon Studios are among the 22 feature film projects that have qualified for $100 million in state-funded incentives that will shoot primarily in California. The unnamed Paramount project is expected to receive $22.4 million in tax credits, the largest award...

  • Grammy Awards' TV ratings rebound with a boost from Adele and Beyoncé

    Grammy Awards' TV ratings rebound with a boost from Adele and Beyoncé

    Thanks to some must-see moments, the ratings for the Grammy Awards bounced back Sunday after two straight years of declines. CBS’ Sunday telecast of the 59th Grammy Awards averaged 26.05 million viewers, the event's largest audience since 2014. The audience was 4% larger than last year’s according...

  • 'Lego Batman Movie' tops 'Fifty Shades Darker' at the box office as 'John Wick 2' kills

    'Lego Batman Movie' tops 'Fifty Shades Darker' at the box office as 'John Wick 2' kills

    Goofy superhero kids’ toys beat kinky whips and bondage at movie theaters this weekend as “The Lego Batman Movie” topped “Fifty Shades Darker” for the No. 1 spot at the domestic box office. Warner Bros.’ new “Lego Movie” spinoff grossed $55.6 million in the U.S. and Canada from Friday through Sunday,...

  • Mike Tirico is taking over for Bob Costas as NBC's Olympics host

    Mike Tirico is taking over for Bob Costas as NBC's Olympics host

    NBC’s longtime Olympics host Bob Costas is handing the torch to Mike Tirico for the 2018 Winter Games, the network announced Thursday. Tirico will debut as the prime-time host for the network with the 2018 Games in Pyeongchang, South Korea, ending a run for Costas that began in 1992. Costas, 64,...

  • Emma Watts named vice chairman at 20th Century Fox Film

    Emma Watts named vice chairman at 20th Century Fox Film

    As president of production at 20th Century Fox, Emma Watts has overseen numerous movie releases during her tenure, including James Cameron’s “Avatar,” David Fincher’s “Gone Girl” and blockbuster franchises like “Planet of the Apes” and “X-Men.” Watts is now set to take on more duties and step higher...

  • Viacom CEO Bob Bakish pushes turnaround plan for Paramount and MTV: 'I look under the hood'

    Viacom CEO Bob Bakish pushes turnaround plan for Paramount and MTV: 'I look under the hood'

    On a Sunset Boulevard corner steeped in Hollywood history, rapper Snoop Dogg served as deejay, occasionally taking a hit from a joint. Viacom’s new leader then took the stage. Chief Executive Bob Bakish was in Hollywood to celebrate the opening of the company’s chic space at Columbia Square, which...

  • ICM buys TV news and sports talent agency Headline Media Management

    ICM buys TV news and sports talent agency Headline Media Management

    Talent agency ICM Partners has acquired Headline Media Management, a New York-based firm that represents on-air personalities and producers in TV news and sports. In the equity deal announced Wednesday, Headline Chief Executive Lou Oppenheim and its president, Michael Glantz, will join ICM as partners...

  • Weinstein Co. sued over release dates for 'The Founder' and 'Gold'

    Weinstein Co. sued over release dates for 'The Founder' and 'Gold'

    Harvey Weinstein is currently basking in the awards glow of “Lion,” nominated for six Academy Awards, including best picture. But his company’s Oscar-season celebration has been crashed by a new lawsuit related to its two January flops, “The Founder” and “Gold.” FilmNation Entertainment is suing...

  • Time Warner posts strong earnings, helped by 'Fantastic Beasts,' TV production and HBO

    Time Warner posts strong earnings, helped by 'Fantastic Beasts,' TV production and HBO

    The popular HBO series “Westworld” and the Harry Potter spinoff movie “Fantastic Beasts and Where to Find Them” helped Time Warner Inc. deliver strong profits in the fourth quarter that easily beat Wall Street’s expectations. The media conglomerate’s revenue, announced Wednesday, grew 11% from...

  • 'CBS This Morning's' Charlie Rose to undergo heart valve replacement surgery

    'CBS This Morning's' Charlie Rose to undergo heart valve replacement surgery

    “CBS This Morning” co-anchor Charlie Rose is scheduled to undergo heart valve replacement surgery on Thursday, keeping him off the air for at least several weeks. Rose’s upcoming procedure was announced on the program Wednesday. He said expects to return in March. In a statement, he noted that...

  • SAG-AFTRA will phase out residual checks under new direct deposit system

    SAG-AFTRA will phase out residual checks under new direct deposit system

    As a voice and screen performer for more than 40 years, Susan Boyd Joyce knows how important residual income is for working actors in Hollywood. She also knows the annoyance of dealing with countless residual checks sent by traditional mail — even those that add up to a few pennies or less. “I...

  • 'Lego Batman' movie poised to beat 'Fifty Shades Darker' at the box office

    'Lego Batman' movie poised to beat 'Fifty Shades Darker' at the box office

    This weekend, moviegoers will have to decide whether they want to enter Bruce Wayne’s Batcave or Christian Grey’s Red Room of Pain. According to midweek estimates, the Batcave is looking like the safer bet.  Despite competition from newcomers, “The Lego Batman Movie” will likely be the No. 1 film...

  • Disney CEO Bob Iger says he's 'open' to staying on after his contract expires in 2018

    Disney CEO Bob Iger says he's 'open' to staying on after his contract expires in 2018

    Walt Disney Co. Chief Executive Robert Iger opened the door Tuesday to the possibility of remaining head of the Burbank entertainment giant longer than previously planned. Iger said he was “open” to the prospect of remaining CEO after his contract ends in June 2018 — if the company’s board of directors...

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