COMPANY TOWN

COMPANY TOWN

  • Democrats continue to top Republicans in convention ratings

    Democrats continue to top Republicans in convention ratings

    The Democrats edged the Republicans in the convention ratings race again on Wednesday. Nielsen data showed 24.4 million viewers watched on the ad-supported broadcast and cable networks from 10 p.m. to 11:45 p.m. Eastern time on the night featuring an address by Democratic presidential nominee Hillary...

  • Massachusetts judge allows Sumner Redstone case to go on

    Massachusetts judge allows Sumner Redstone case to go on

    A Massachusetts judge will allow Viacom Chief Executive Philippe Dauman’s case against Sumner Redstone to proceed but will not order an immediate mental examination of the ailing media mogul.  The Thursday decision by Probate Judge George F. Phelan to take the case represents a partial victory...

  • Pinewood Studios weighing sale to Venus Grafton fund in $425-million takeover deal

    Pinewood Studios weighing sale to Venus Grafton fund in $425-million takeover deal

    Pinewood Studios, the British company known for its work on major films such as “Star Wars: The Force Awakens” and the “James Bond” franchise, is considering a $425-million takeover deal from the Venus Grafton property investment fund. Though the deal has not been finalized, the Pinewood board...

  • PBS president voices concern over TV-to-wireless auction

    PBS president voices concern over TV-to-wireless auction

    This year’s auction to shift public airwaves from carrying TV signals to delivering wireless services for mobile devices has PBS President Paula Kerger concerned a “great deal.” Kerger, speaking Thursday during the PBS portion of the Television Critics Assn. media tour In Beverly Hills, said that...

  • Ted Sarandos says Netflix to spend more on original content

    Ted Sarandos says Netflix to spend more on original content

    Netflix may have experienced slower than expected subscriber growth in the second quarter, but that won’t stop it from putting money where its streaming mouth is. During an appearance at the Television Critics Assn. press tour in Beverly Hills on Wednesday, Netflix Chief Content Officer Ted Sarandos...

  • CNN tops ratings on second night of Democratic convention

    CNN tops ratings on second night of Democratic convention

    CNN was the most-watched network for the second night of the 2016 Democratic National Convention on Tuesday, which is pacing well-ahead of 2012 and last week’s gathering of the Republicans. An estimated 27 million viewers were tuned in to cable and broadcast coverage of the convention’s 10 p.m....

  • Hillary Clinton gives first post-nomination TV interview to 'Fox News Sunday'

    Hillary Clinton gives first post-nomination TV interview to 'Fox News Sunday'

    Hillary Clinton is giving Fox News her first sit-down TV interview after receiving the Democratic presidential nomination. Fox News announced Wednesday that Clinton will appear with anchor Chris Wallace on “Fox News Sunday.” The Washington-based public affairs program airs on the Fox broadcast...

  • Lower Universal film revenue drags on Comcast earnings

    Lower Universal film revenue drags on Comcast earnings

    A sharp decline in box office revenue from Universal Pictures weighed on second quarterly earnings for parent company Comcast Corp. Revenue from Universal movies totaled $1.35 billion in the three months that ended June 30, down 40% from the same period last year when the Los Angeles studio released...

  • 'Jason Bourne' expected to knock out the box office competition

    'Jason Bourne' expected to knock out the box office competition

    Matt Damon is preparing to punch his way to the top of the U.S. box office charts and revive a long-running franchise for Universal Pictures. “Jason Bourne,” the fifth film in the series of super-assassin action flicks, is expected to gross $60 million in the U.S. and Canada through Sunday, according...

  • Piracy sites tempt users with free movies as malware lies in wait, report says

    Piracy sites tempt users with free movies as malware lies in wait, report says

    Advocates have tried just about everything to protect Hollywood intellectual property. But attempts at legislation have floundered, and persuading people to give up illegal downloads has proved a Sisyphean task.  Now activists are trying a new tactic — appealing to people’s fears by pointing out...

  • Fox News exec Michael Clemente is out in first shake-up after Roger Ailes' resignation

    Fox News exec Michael Clemente is out in first shake-up after Roger Ailes' resignation

    Fox News made its first move in the executive suite since the departure of its longtime leader Roger Ailes. Michael Clemente, an executive vice president in charge of long-form programming, was shown the door on Monday, an executive at Fox News parent 21st Century Fox confirmed. The departure is...

  • Redbox owner to be sold to Apollo Global Management for $1.6 billion

    Redbox owner to be sold to Apollo Global Management for $1.6 billion

    Investment firm Apollo Global Management is set to acquire the Washington-based Outerwall, owner of struggling DVD-rental kiosk chain Redbox, for $1.6 billion. Apollo, which is headquartered in New York, will acquire Outerwall’s outstanding shares of common stock for $52 per share. The all-cash...

  • China box office: Jackie Chan's ‘Skiptrace’ leaps to top spot

    China box office: Jackie Chan's ‘Skiptrace’ leaps to top spot

    The Jackie Chan-Johnny Knoxville action-comedy “Skiptrace” leaped to the top of the Chinese box office last week, taking in $62.8 million in its first four days in theaters. The debut surpassed that of Chan’s last blockbuster, the 2015 period action film “Dragon Blade,” co-starring John Cusak and...

  • AMC makes final $1.2 billion bid for Carmike Cinemas

    AMC makes final $1.2 billion bid for Carmike Cinemas

    Chinese-owned theater chain AMC Entertainment has boosted its offer to buy rival Carmike Cinemas, in a move to keep the closely watched deal from falling apart.  Leawood, Kan.-based AMC agreed on Monday to pay $33.06 a share for Columbus, Ga.-headquartered Carmike, a 10% increase from what the...

  • 'Star Trek' leads the box office, and the horror tale 'Lights Out' beats expectations

    'Star Trek' leads the box office, and the horror tale 'Lights Out' beats expectations

    With Captain Kirk and Spock leading the USS Enterprise, Paramount’s “Star Trek Beyond” took over the box office this weekend, unseating Universal’s “The Secret Life of Pets.” “Star Trek Beyond,” the third installment since director J.J. Abrams revived the venerable franchise in 2009, pulled in...

  • 35 million TV viewers watch Donald Trump's acceptance speech at GOP convention

    35 million TV viewers watch Donald Trump's acceptance speech at GOP convention

    Nearly 35 million TV viewers watched GOP presidential nominee Donald Trump’s acceptance speech Thursday night at the Republican National Convention. Nielsen reported that an average of 32.2 million viewers watched across the ad-supported networks that carried the speech between 10 and 11:45 p.m....

  • Roger Ailes has resigned from Fox News; Rupert Murdoch will be acting chairman

    Roger Ailes has resigned from Fox News; Rupert Murdoch will be acting chairman

    Rupert Murdoch had long been the staunchest supporter of Fox News chief Roger Ailes. Now he is replacing him in the wake of sexual harassment charges that led to Ailes’ abrupt departure. In a move aimed at calming the cable news powerhouse -- and a tacit acknowledgment that there was no obvious...

  • Kickass Torrents owner is arrested in Poland; domain names are seized

    Kickass Torrents owner is arrested in Poland; domain names are seized

    The alleged owner of Kickass Torrents, a popular online destination for file-sharing, has been arrested in Poland, the U.S. Department of Justice said Wednesday.  The site, started in 2008, is the most-trafficked illegal file sharing destination on the Internet, with 50 million unique monthly visitors,...

  • 'I don’t know another': Fox News faces tough task replacing longtime boss Roger Ailes

    'I don’t know another': Fox News faces tough task replacing longtime boss Roger Ailes

    Roger Ailes is the only boss the Fox News Channel has ever had in its 20 years in existence. During that time, he created a network that reflected his own political views and bold personality. Now that the larger-than-life leader of the top-rated cable news channel is expected to leave his post...

  • Milo Yiannopoulos says his 'Ghostbusters'-related Twitter ban is 'the most gigantic possible gift'

    Milo Yiannopoulos says his 'Ghostbusters'-related Twitter ban is 'the most gigantic possible gift'

    Conservative lightning rod Milo Yiannopoulos was in high spirits late Tuesday night just hours after he learned that he had been permanently banned from Twitter. "Are you kidding? This is the most gigantic possible gift!" the Breitbart News senior editor said by phone from Cleveland, where he was...

  • The state-run China Film Group plans $600-million IPO after years of delays

    The state-run China Film Group plans $600-million IPO after years of delays

    After years of delays and false starts, China Film Group — the giant, state-run company that handles the import of foreign movies to the mainland — said Wednesday it aims to raise more than $600 million in an initial public offering next week. That would make the IPO the biggest ever for China’s...

  • Paramount hopes 'Star Trek Beyond' will boost box-office fortunes

    Paramount hopes 'Star Trek Beyond' will boost box-office fortunes

    Paramount Pictures is hoping Kirk and Spock will help revive its sagging box-office fortunes. “Star Trek Beyond,” the third voyage on the USS Enterprise since J.J. Abrams revived the venerable franchise in 2009, is expected to easily replace “The Secret Life of Pets” as the No. 1 film this weekend....

  • Roger Ailes appears close to departing Fox News

    Roger Ailes appears close to departing Fox News

    While the stars of Fox News Channel were covering the Republican National Convention in Cleveland, their pugnacious leader Roger Ailes was discussing his departure in what would be a shocking exit following recent allegations of sexual harassment by a former anchor. Ailes, 76, who turned Fox into...

  • First night of Donald Trump's GOP convention is a ratings hit

    First night of Donald Trump's GOP convention is a ratings hit

    Donald Trump has been a ratings draw for most of the events related to the 2016 presidential campaign, and the first night of the Republican National Convention that will choose him as the party’s nominee was no different. Nielsen data showed a significant audience lift for cable news networks...

  • Philippe Dauman paves the way to leave Viacom as CEO if he's ousted from the board

    Philippe Dauman paves the way to leave Viacom as CEO if he's ousted from the board

    Philippe Dauman, the chief executive of Viacom Inc., is laying the groundwork to leave the company if Sumner Redstone’s attempt to oust him from the board is successful.  Dauman and Viacom Chief Operating Officer Tom Dooley have reserved their right to resign their positions for “good reason” if...

  • Netflix shares tumble after missing subscriber target

    Netflix shares tumble after missing subscriber target

    Shares in Netflix fell sharply in after-hours trading on Monday after the streaming giant reported slower than expected subscriber growth in the second quarter. Netflix added 1.7 million subscribers worldwide, well below the 2.5 million subscribers the company predicted it would add in the three-month...

  • 21st Century Fox says it's still reviewing harassment allegations against Fox News chief Roger Ailes

    21st Century Fox says it's still reviewing harassment allegations against Fox News chief Roger Ailes

    The future of Fox News founder and chief executive Roger Ailes could be hanging in the balance over sexual harassment allegations made by former anchor Gretchen Carlson. An internal review of the accusations is still underway at Fox News parent 21st Century Fox, which has led to speculation that...

  • Netflix to stream CBS' new 'Star Trek' series to international subscribers

    Netflix to stream CBS' new 'Star Trek' series to international subscribers

    CBS Studios International has sold the streaming rights to the upcoming “Star Trek” series to Netflix, which will be the show’s exclusive home in 188 countries outside of the U.S. and Canada. The new episodes produced by CBS Television Studios will debut globally within 24 hours after they appear...

  • 'Ghostbusters' fails to overtake 'Secret Life of Pets' at the box office

    'Ghostbusters' fails to overtake 'Secret Life of Pets' at the box office

    Who you gonna call? Apparently not “Ghostbusters.” Sony’s modern, big-budget reboot of the classic franchise failed to take over the weekend box office. One of the most polarizing films of the summer movie season — even before it premiered — the picture took in an estimated $46 million in the U.S...

  • Independent film producer charged with embezzling $1.5 million from Ron Burkle's investment fund

    Independent film producer charged with embezzling $1.5 million from Ron Burkle's investment fund

    Independent film producer Julio Caro has agreed to plead guilty to embezzling nearly $1.5 million from a partner in a film production deal, billionaire Ron Burkle’s Yucaipa Corporate Initiatives Fund I, according to federal prosecutors. The Justice Department on Friday announced the plea agreement...

  • Donald Trump provides unconventional story for TV coverage of convention

    Donald Trump provides unconventional story for TV coverage of convention

    In 1952, TV manufacturers with such now-forgotten brand names as Philco, Admiral and Westinghouse were the exclusive sponsors of network coverage of the Democratic and Republican national conventions. They sought to motivate Americans to head to their local appliance dealer to purchase their first...

  • Redstone family reaffirms opposition to Paramount sale

    Redstone family reaffirms opposition to Paramount sale

    Viacom Inc.’s plan to sell a stake in its historic Hollywood movie studio, Paramount Pictures, suffered another setback Friday when the Redstone family publicly reaffirmed its opposition. Sumner Redstone and his daughter, Shari Redstone, are against the proposed sale of a 49% stake in the struggling...

  • Big Hollywood begins to place its chips on virtual reality — but is it a smart bet?

    Big Hollywood begins to place its chips on virtual reality — but is it a smart bet?

    On a recent weekday, Hollywood director Ivan Reitman was in the bowels of Madame Tussauds wax museum here talking up an unlikely passion. “VR is remarkable. What it does is force you to bring yourself into the story,” Reitman said, using the acronym for the immersive, headset-based viewing experience...

  • Viacom chief nears Paramount deal that investors doubt will get past Redstone

    Viacom chief nears Paramount deal that investors doubt will get past Redstone

    Embattled Viacom Inc. Chief Executive Philippe Dauman is moving closer to clinching a deal to sell a 49% stake in movie studio Paramount Pictures, possibly for as much as $5 billion, to the Chinese entertainment and real estate conglomerate Dalian Wanda Group. With his job in peril, Dauman has...

  • Fox News on-air talent supports Roger Ailes — but where's Megyn Kelly?

    Fox News on-air talent supports Roger Ailes — but where's Megyn Kelly?

    Many Fox News employees have rallied around their boss, chairman and chief executive Roger Ailes, who faces a sexual harassment and retaliation suit from former anchor Gretchen Carlson. But there has been one notable exception among them — the cable news channel’s most popular female anchor, Megyn...

  • Telemundo's Jose Diaz-Balart will anchor Saturday edition of 'NBC Nightly News'

    Telemundo's Jose Diaz-Balart will anchor Saturday edition of 'NBC Nightly News'

    Telemundo anchor Jose Diaz-Balart is adding the Saturday edition of “NBC Nightly News” to his duties, the network announced Wednesday. The assignment makes him the first TV anchor to handle two different evening newscasts on separate broadcast networks in Spanish and English. While taking over...

  • China's Wanda Group is in talks to buy a 49% stake in Paramount Pictures

    China's Wanda Group is in talks to buy a 49% stake in Paramount Pictures

    Viacom Inc. is in advanced talks with the Chinese entertainment conglomerate, Dalian Wanda Group, which is seeking to buy a 49% stake in the Paramount Pictures movie studio. Viacom had narrowed the field of potential Paramount bidders to two companies, according to a knowledgeable person. But in...

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