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Entertainment Industry News - Reuters

NBC Universal takes Q3 loss on Olympics

Fri Oct 10, 11:18 PM ET

NEW YORK (Hollywood Reporter) - NBC Universal booked a loss on the Beijing Olympics in the third quarter, but will make a profit on the event once all is said and done, executives said Friday.

  • Democratic presidential nominee Senator Barack Obama speaks with patrons at the Fireside Restaurant during a campaign stop in Georgetown, Ohio, October 9, 2008. (Jim Young/Reuters)
    Obama campaign to pay millions for primetime buy Fri Oct 10, 3:05 PM ET

    NEW YORK (Hollywood Reporter) - The Barack Obama presidential campaign will pay NBC and CBS almost $1 million each for the campaign's half-hour ad buy in primetime on October 29, according to documents made available by the respective networks.

  • Viacom, CBS warn ad market sinking results Fri Oct 10, 11:17 PM ET

    NEW YORK (Reuters) - Viacom Inc and CBS Corp warned that quickly deteriorating advertising sales would slash their profits, signaling that the financial crisis is hitting the media industry harder than previously thought.

  • Redstone company to sell 20 pct of CBS, Viacom stake Fri Oct 10, 3:37 PM ET

    LOS ANGELES (Reuters) - National Amusements Inc, a privately held company controlled by Sumner Redstone, will sell more than 20 percent of its stake in Viacom Inc and CBS Inc to pay down debt to comply with its credit agreement covenants.

  • Abu Dhabi media firm in Natl Geographic tie-up Sat Oct 11, 5:17 AM ET

    ABU DHABI (Reuters) - State-owned Abu Dhabi Media Co (ADMC) said on Saturday it has tied up with National Geographic to produce up to 15 films focusing on human being's relationship with the world and environment.

  • Tom Hanks (C) prepares for a scene on the set of the movie 'Angels and Demons' during production near the Pantheon in Rome June 10, 2008. (Dario Pignatelli/Reuters)
    Show goes on in Hollywood amid economy jitters Thu Oct 9, 9:05 PM ET

    LOS ANGELES (Reuters) - Cameras are rolling and money is flowing, despite a few fears in Hollywood that the current global economic turmoil could cut TV advertising and dry up some film financing.

  • FCC likely to recommend unlicensed spectrum use Fri Oct 10, 12:28 PM ET

    WASHINGTON (Reuters) - A battle between tech companies like Google Inc and broadcasters over use of soon-to-be vacant airwaves will heat up soon as U.S. regulators release an anticipated report on the issue.

  • NY State sues Arbitron over radio ratings system Fri Oct 10, 1:24 PM ET

    NEW YORK (Reuters) - New York State Attorney General Andrew Cuomo on Friday sued Arbitron Inc, the largest ratings company for radio in the United States, accusing it of false advertising and deceptive business practices.

  • File photo of Rapper T.I. performing at the 4th Annual VH1 Hip Hop Honors event in New York, in this October 4, 2007 file photo. (Max Morse/Files/Reuters)
    Rapper T.I. claims top two spots on singles chart Fri Oct 10, 2:54 AM ET

    NEW YORK (Billboard) - Atlanta rapper T.I. broke his own recently set record for the largest leap to the top of the Billboard Hot 100 singles chart on Thursday, as "Live Your Life" featuring Rihanna leaped 79 places.

  • Leonardo DiCaprio in a scene from 'Body of Lies'. (Warner Bros./Handout/Reuters)
    Crowe, DiCaprio spy weekend box office victory Fri Oct 10, 2:42 AM ET

    LOS ANGELES (Hollywood Reporter) - "Body of Lies," a terrorism thriller starring Leonardo DiCaprio and Russell Crowe, will likely take the No. 1 spot at the weekend box office in North America, ending a run of bad luck for action movies dealing with the Iraq war.

  • Champagne flutes are pictured in front of a large Oscar statue during the Food and Wine preview of selections that will be served at the Governor's Ball, in preparation for the 80th annual Academy Awards in Hollywood February 21, 2008. For the first time since the Oscars moved to TV in the early 1950s, studios will be able to advertise movies during the telecast of the Academy Awards next year. (Lucas Jackson/Reuters)
    Academy to allow film ads on Oscars Thu Oct 9, 1:26 AM ET

    LOS ANGELES (Hollywood Reporter) - For the first time since the Oscars moved to TV in the early 1950s, studios will be able to advertise movies during the telecast of the Academy Awards next year.

  • A joint venture between India's Reliance ADA Group and Steven Spielberg's DreamWorks studio will start up by January and make up to 35 movies in five years, a source close to the Indian company said Friday.(Dreamworks)
    DreamWorks delays its loan pitch Thu Oct 9, 3:45 AM ET

    LOS ANGELES (Hollywood Reporter) - Representatives of the new DreamWorks film studio will delay pitching Wall Street on a bank loan package for about one month to give the banking market time to stabilize.

  • U.S. judge halts sales of RealNetworks DVD software Thu Oct 9, 5:30 AM ET

    (Reuters) - A U.S. federal judge temporarily halted sales of RealNetworks Inc's RealDVD software, which allows users to copy DVDs, after Hollywood studios sued the company over copyright issues, court documents showed.

  • Democratic presidential nominee Senator Barack Obama (D-IL) and Republican presidential nominee Senator John McCain (R-AZ) greet the audience at the conclusion of their presidential debate at Belmont University in Nashville, Tennessee October 7, 2008. (Jim Young/Reuters)
    McCain-Obama debate tops first in TV viewers Wed Oct 8, 7:53 PM ET

    LOS ANGELES (Reuters) - The second nationally televised presidential debate between John McCain and Barack Obama drew 63.2 million viewers, over 10 million more than their first, Nielsen Media Research said on Wednesday.

  • Netplay extends TV airtime deal with Turner Media Fri Oct 10, 3:05 AM ET

    (Reuters) - Gaming company Netplay TV Plc said on Friday it had extended a television airtime deal with Turner Media, a division of Time Warner Inc, and plans to launch its Live TV Bingo show.

  • Comcast offers deals to new switch-over customers Wed Oct 8, 6:37 PM ET

    NEW YORK (Reuters) - Comcast Corp, the largest U.S. cable operator, is offering special deals of free television for a year in a bid to win new subscribers ahead of a government-mandated digital TV switch-over on February 17.

  • Netflix raises monthly subscription $1 for Blu-ray Wed Oct 8, 6:37 PM ET

    LOS ANGELES (Reuters) - DVD rental company Netflix Inc said Wednesday it will begin adding $1 to monthly membership fees to provide unlimited access to high-definition Blu-ray movies.

  • Martin Luther King in a 1964 photo. (File/Reuters)
    Eight short films vie for documentary Oscar Thu Oct 9, 2:54 AM ET

    LOS ANGELES (Hollywood Reporter) - The assassination of Martin Luther King, Cesar Chavez's grape boycott, gay men in China and historian David McCullough are among the subjects of the films vying for Oscar nominations for best documentary short subject.

  • CBS wins weeklong ratings race Wed Oct 8, 3:58 AM ET

    LOS ANGELES (Hollywood Reporter) - In the second week of the broadcast season, CBS replaced ABC as the top network thanks to a strong lineup of competitive performers.

  • U.S. Republican presidential nominee Senator John McCain (R-AZ) (R) and Democratic presidential nominee Senator Barack Obama (D-IL) smile after their debate at Belmont University in Nashville, Tennessee October 7, 2008. REUTERS/Jim Young
    Political ad-spending to hit record Wed Oct 8, 3:48 AM ET

    NEW YORK (Hollywood Reporter) - The economy and the overall advertising market may be under pressure, but political ad spending this year is expected to reach a new record, even though it may fall short of original estimates.