Disney tops profit targets as fans flock to parks, movies
(Reuters) – Walt Disney Co (DIS.N) reported a quarterly profit that topped Wall Street estimates on Thursday, driven by summer crowds at the company’s theme parks and big audiences for…
Walmart partners with MGM to boost video-on-demand service Vudu
NEW YORK (Reuters) – Walmart Inc (WMT.N) said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the…
UK seeks additional reassurances from Comcast on independence of Sky News
LONDON (Reuters) – Britain has sought additional reassurances from cable company Comcast (CMCSA.O) over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster…
Comcast outbids Fox with $40 billion offer for Sky in auction
LONDON (Reuters) – Comcast (CMCSA.O) beat Rupert Murdoch’s Twenty-First Century Fox (FOXA.O) in the battle for Sky (SKYB.L) on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic…
What sector overhaul means for tech stocks, Wall Street
NEW YORK (Reuters) – The most significant changes to Wall Street’s broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been…
UK’s Sky to invest in Israeli VC fund and open Berlin office
(Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by opening a new office in Germany and investing $4 million…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O) has valued Sky (SKYB.L) at more than $34 billion, higher…
Tribune Media files suit, terminates Sinclair merger deal
(Reuters) – Tribune Media Co (TRCO.N) said on Thursday it had terminated a $3.9 billion deal to be acquired by Sinclair Broadcast Group (SBGI.O) and was suing Sinclair for breach…
Viacom shares gain as ‘Mission Impossible’ powers Paramount
(Reuters) – Viacom Inc’s (VIAB.O) quarterly profit beat analysts’ estimates and the media company forecast a strong current quarter, boosted by the success of its movie “Mission: Impossible – Fallout”.…
CBS probes misconduct claims against CEO Moonves amid legal battle
(Reuters) – U.S. broadcasting and media company CBS Corp (CBS.N) said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an upcoming…