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DreamWorks Animation profit of $11.9 million in quarter tops estimates

DreamWorks Animation SKG Inc. reported a stronger-than-expected profit in the third quarter, fueled by the box-office success of "How to Train Your Dragon 2."

The Glendale animation studio earned $11.9 million, or 14 cents a share, on revenue of $180.9 million in the quarter. That was an improvement over the same quarter a year earlier, when it posted net income of $10.1 million, or 12 cents, on revenue of $154.5 million.

The results easily exceeded the earnings of 5 cents a share estimated by analysts polled by Thomson Reuters.

"The third quarter of 2014 was strong for DreamWorks Animation, with both quarterly revenue and earnings per share up 17% in a year-over-year comparison," Chief Executive Jeffrey Katzenberg said in a statement.

The improved financials come at a welcome time for a studio that has struggled with a rocky patch at the box office.

DreamWorks has recorded three write-downs on its films in two years, and on Wednesday said it took an additional $2.1-million impairment...

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FCC chief proposes opening the pay-TV industry to tech firms

Federal Communications Commission Chairman Tom Wheeler wants to open the pay-TV industry to technology companies.

Wheeler this week proposed expanding the definition of a pay-TV distributor to include companies that transmit TV programming via the Internet. The move should give tech companies access to some of the most popular channels in television.

The proposal was designed to inject more competition into an industry long dominated by a handful of cable and satellite TV giants.

"Consumers have long complained about how their cable service forces them to buy channels they never watch," Wheeler said in a blog post announcing his plan to modify the FCC's definition of a multi-channel video provider. "The move of video onto the Internet can do something about that frustration — but first Internet video services need access to the programs."

Under the proposed rule change, which must be approved by the full commission, companies that seek to distribute packages of TV channels over the...

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TV ratings: Fox wins with Game 6 of World Series

Fox defeated TV competition with its broadcast of Game 6 of the World Series between the Kansas City Royals and the San Francisco Giants -- but the network didn't hit a home run in overall ratings.

The game, which was a blow-out with the Royals beating the Giants 10-0, generated a household rating of 8.1 and about 13.4 million viewers -- making it the highest-rated and most-watched of the 2014 World Series, according to Nielsen. 

But last year’s World Series was more popular. A year ago, Game 6 between the Boston Red Sox and the St. Louis Cardinals drew about 18 million viewers. In that game, the Red Sox beat the Cardinals to win the series. 

Still, even with the lower numbers, the series has helped Fox’s new fall primetime lineup, which has been roughed up in the ratings. Fox reported the game was the network's highest-rated primetime broadcast (excluding Super Bowl Sunday) since the "American Idol" premiere in January. 

Even the 2012 series -- the lowest-rated ever -- in which the...

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DreamWorks Animation posts improved earnings in third quarter

DreamWorks Animation SKG, Inc. reported stronger-than-expected profits in the third quarter, fueled by the box-office success of "How to Train Your Dragon 2."

The Glendale-based animation studio earned a profit $11.9 million, or 14 cents a share, on revenue of $180.9 million in the third quarter.

That was an improvement over the same quarter a year ago, when the company posted a net income of $10.1 million, or 12 cents a share, on revenue of $154.5 million.

The results easily exceeded what analysts were expecting for DreamWorks Animation. Analysts polled by Thomson Reuters had a consensus estimate of 5 cents a share in the third quarter.

"The third quarter of 2014 was strong for DreamWorks Animation, with both quarterly revenue and earnings per share up 17% in a year-over-year comparison," said Jeffrey Katzenberg, chief executive of DreamWorks Animation, in a statement.

Katzenberg attributed the improved results to the box office success of "How to Train Your Dragon 2," which did...

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Marvel's 'Agent Carter' is helping boost TV production in L.A.

Superheroes still save the day in Los Angeles — at least on the small screen.

Although Marvel shoots most of its movies outside of California, the Walt Disney Co.-owned studio is expanding its foray into the local television market, contributing to a rebound in local TV production.

Marvel and ABC Studios recently began filming "Agent Carter" in L.A., the second locally produced TV series following Marvel's "Agents of S.H.I.E.L.D.," which debuted on ABC last fall.

Inspired by the "Captain America" films, "Agent Carter" tells the story of Marvel Comics character Agent Peggy Carter, played by Hayley Atwell.

The series was ordered in May and will debut on ABC in January during the mid-season break of "Agents of S.H.I.E.L.D."

Shooting under the pseudonym "Nylon," the production has already become a familiar presence on city and county streets.

An 85-member crew along with 70 extras converged on City Hall recently, filming scenes in the mayor's press room, the rotunda and north hallway. The...

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FCC chairman proposes expanding video channel access rules

Federal Communications Commission Chairman Tom Wheeler has proposed expanding video channel access rules to include Internet-delivered services.

Wheeler's proposal, which was unveiled Tuesday, is an attempt to increase competition in a rapidly evolving industry.

His goal is to modernize FCC rules that were adopted in the early 1990s -- long before the Internet was envisioned as a viable distribution outlet.

The change -- to broaden the definition of a pay-TV provider, known in the industry as a "multichannel video programming distributor" -- could provide non-traditional carriers with access to some of the most popular channels in television.

Companies that seek to distribute packages of TV channels over the Internet would be included in the revised definition. That would put them on equal footing with cable TV operators, satellite TV services and telephone companies AT

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