Entertainment Industry
Warner Music shakes up management team (Reuters)
Reuters - Warner Music Group, the world's third largest music company, said on Tuesday it promoted two of its top executives - Lyor Cohen and Michael Fleisher - to the posts of vice chairmen and plans to revamp its international corporate structure. More »
Imdb.com allows free film, TV viewing (Reuters)
Reuters - Amazon.com said on Monday that its subsidiary, Internet Movie Database, would allow users to watch feature films and TV shows for no charge on its website, imdb.com. More »
MGM Networks backs Hollywood script for India foray (Reuters)
Reuters - MGM Networks will stick to its strength of Hollywood films in India, but may consider a foray into regional-language content when it gains a wider viewership, a senior executive said on Tuesday. More »
Financial turmoil leaves Hollywood vulnerable (Reuters)
Reuters - The film-finance world may not feel an immediate pinch from the Chapter 11 bankruptcy filing by Lehman Bros. and the planned sale of Merrill Lynch by Bank of America -- but longer term, there may be an ouch. More »
Media conferences are casualties of bank woes (Reuters)
Reuters - With the sale of Merrill Lynch to Bank of America and Lehman Bros. filing for bankruptcy protection, expect a further decline in the annual lineup of media and entertainment investor conferences. Hollywood uses the confabs to interact with Wall Street and float trial balloons on new strategies or possible deals. More »
FCC seeks retailers' help in digital TV switch (Reuters)
Reuters - Federal communications regulators are asking mass retailers to sell converter boxes, such as the one sold by EchoStar Corp, that allow consumers to convert analog television sets to digital ahead of the February deadline for a nationwide switch. More »
EU approves Sony buy of BMG from Bertelsmann (Reuters)
Reuters - Japanese electronic consumer products company Sony won permission from the European Commission on Monday to buy full ownership of recorded music company Sony BMG. More »
Newspapers say Google, Yahoo tie hurts competition (Reuters)
Reuters - A deal by Google Inc and Yahoo Inc to share some advertising revenue will mean less money for newspapers and weaken Yahoo in the long run, the World Association of Newspapers said on Monday. More »
Reuters appoints global multimedia editor (Reuters)
Reuters - Reuters appointed former CNN International President Chris Cramer to the newly created role of global editor for multimedia, Thomson Reuters Corp said on Monday. More »
Best Buy to buy Napster for $121 million (Reuters)
Reuters - Best Buy Co Inc plans to buy digital music service Napster Inc for $121 million in cash in an effort to compete with Apple's dominant iTunes service and its iPod music players. More »