Comcast Corp. (CMCSA) is shedding its stake in A&E Television Networks for $3.03 billion to its joint-venture partners Walt Disney Co. (DIS) and Hearst Corp.
The Tom Cruise and Katie Holmes break up looks like it will be the divorce of the century. With rumors swirling that Tom's career and Scientology were the root of their problems, something more serious might be at work -- unlucky number 33.
Fear of an impending fiscal cliff and uncertainty about November's presidential elections has led to a 0.8 percent projected dampening of marketing spending in 2012, according to a Thursday report from Pivotal Research Group.
Here's a look at some batsh*t crazy moments from our favorite megalomaniac Scientologist.
The companies whose shares are moving in pre-market trading Thursday are: Hewlett-Packard Company, Activision Blizzard Inc, Teva Pharmaceutical Industries Ltd., Arch Coal Inc., Aviva Plc, Siemens AG and China Telecom Corporation Limited.
Dollars? He's got billions. Facebook friends? He's got millions. His name is Mark Zuckerberg.
It took Facebook a little over eight years to go from fledgling Internet startup to a $114 billion company. Here's a timeline of the social network and how it got to where it is right now:
Futures on major U.S. indices point to a higher opening on Thursday ahead of economic data including weekly jobless claims.
The first-quarter earnings season has so far generated big waves of positive surprises, which fueled the upward momentum in the stock market. However, investors should take these earnings beats with a grain of salt.
Google announced a new deal with Paramount Pictures on Tuesday, which will make more than 500 movie titles available for rental on YouTube and the new Google Play platform. The deal was made even though Google is still embroiled in a four-year-old legal battle over copyrights with Paramount's parent company, Viacom.
Wal-Mart Stores Inc.(NYSE: WMT), the world's largest retailer, will allow customers to convert DVDs and Blu-ray discs to digital files starting April 16, the company said Wednesday.
For the first time since his arrest on Jan 20, Megaupload creator Kim Doctom sat down to be interviewed for New Zealand's Channel 3 News. During the 20-minute interview, Dotcom explains how he created the website, why he never broke a single law, and passionately exclaims that he will take on the entertainment industry because he knows he is innocent.
The top after-market NASDAQ losers Thursday were: U.S. Auto Parts Network, SIGA Technologies, GTx, Amicus Therapeutics, SunPower Corp, Spectranetics Corp, Viacom, Orexigen Therapeutics, Zoltek Companies and Electronic Arts.
Shares of Los Gatos, Calif.-based Netflix were down more than 4 percent Wednesday following a day earlier announcement that Comcast was jumping into the online streaming foray.
Paramount Pictures, the movie studio that controls all the rights over the fictional mafia family's story The Godfather, has sued the estate of Mario Puzo, arguing that the heirs of the author has wrongfully authorized the publishing of a pair of sequel novels.
According to the latest study released by comScore, Inc., a market research firm, people are beginning to watch longer videos online. The duration of an average video has jumped from 5.8 minutes in December 2011 to 6.1 minutes in January 2012. Despite the growth in video duration, viewers actually dropped during that period. In January, 2012, 181 million U.S. Internet users watched about 40 billion videos compared to the 182 million users who watched 43.5 billion videos in December.
The battle for the control of the living room has begun. The Wall Street Journal is reporting that Google is building a home-entertainment system that streams music wirelessly through the home. The announcement from Google comes as rumors about Apple's television set, dubbed iTV, have started to surface.
The challenge for the Los Gatos, Calif.-based entertainment provider is to stand out as others such as Hulu and Amazon with its Prime service and Redbox try to gain an edge in the streaming business.
Facebook realized it needed to strike a more cooperative tone with Madison Avenue ahead of its initial public offering and the accompanying intense scrutiny on profit growth.
Nasdaq OMX Group Inc.'s core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.
Eastman Kodak eased away from the Hollywood spotlight on Wednesday, asking to have its name removed from the theater that hosts the Oscars.
MTV had originally announced the filming of spinoff show for Jersey Shore's Snooki and JWoww in Hoboken way back in April 2011, but now Hoboken Mayor Dawn Zimmer has effectively bunged a spanner in the works by refusing show's production company a permit to shoot there.
