WMG Mobile Music Revenues Down 17.6 Percent
Mobile music remains a challenging business for Warner Music Group (NYSE: WMG), which reported today in its second quarter earnings ending M… Read more »
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Best Buy Pays $2.1 Billion For Half Of Britain’s Carphone Warehouse
By Tricia Duryee
U.S. electronics store Best Buy said today that it is paying $2.1 billion for half of Carphone Warehouse in order to enter the European cons… Read more »
Earnings: Cablevision Widens Net Loss In Q1, Though Revenues Rise 10 Percent
By David Kaplan
Cablevision (NYSE: CVC) was already having a big news week with its proposed $496 million purchase of the Sundance Channel and its $650 mill… Read more »
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Earnings: WMG Revs Up 2 Percent; Loss Deepens; Digital Up 47.6 Percent; Dividend Cancelled
By Joseph Weisenthal
Another challenging quarter for Warner Music Group (NYSE: WMG), which has suspended its dividend in the name of “financial flexibility.” The… Read more »
Sprint-Clearwire: Comcast’s Tom Nagel: ‘Full Control’ Is ‘Significantly Different From Pivot’
By Tricia Duryee
Comcast’s (NSDQ: CMCSA) Tom Nagel was up past 3 a.m. this morning, putting the finishing touches on the Sprint (NYSE: S) Nextel-Clearwire (N… Read more »
WB Considers MomLogic.com Syndicated Talk Show Spin-Off
TV offspring for MomLogic.com: THR says WB’s Telepictures Prods. is considering a daytime talk show based on its still new MomLogic.com, po… Read more »
Cablevision Bids $650 Million For Newsday; Murdoch Won’t Match: Reports
Offering to outspend Rupert Murdoch and Mort Zuckerman by $70 million to acquire Newsday from Tribune Co., Cablevision Systems Corp (NYSE: C… Read more »
Day And Date Movies Starting on iTunes; Warner Bros’ Will Do It For VOD and Online
By Rafat Ali
It was only a matter of, well, days, before day-and-date would arrive for the VOD and online release of movies, and it has: Apple (NSDQ: AAP… Read more »
Cablevision Ready To Pay $650 Million For Newsday: Report
By Joseph Weisenthal
Yesterday, reports had Cablevision (NYSE: CVC) making a joint bid, possibly with Jared Kushner, for Newsday, the Long Island-based paper. No… Read more »
Cablevision Ponders Joint Bid For Newsday; Possible Combo With Jared Kushner: Report
By Joseph Weisenthal
Don’t count on Newsday, the Tribune-owned Long Island paper, going to News Corp (NYSE: NWS). just yet. Not only is Zuckerman still in the hu… Read more »
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Warner Bros. TV Unveils Online Programming Slate; WB Gets Second Chance As Female-targeted Video Net
By David Kaplan
Although details slipped out about its broadband plans a few weeks ago, Warner Bros. TV Group is now prepared to say it’s resurrecting its W… Read more »
Gamer SCI Raises $119 Million From Warner Bros., Property Investor Tchenguiz
By Joseph Weisenthal
Turns out that earlier reports of London-traded game developer SCi selling a major chunk to NBCU were false: Instead, the company has announ… Read more »
Warner Bros. TV Teams With Essence Magazine On New Site, Broadband-to-TV Plans
By David Kaplan
Warner Bros. TV Group is partnering with its Time Warner (NYSE: TWX) sibling Essence magazine on a series of online and broadcast moves, sta… Read more »
Gossip Girl Streams Pulled Off CW’s Site Due To, Well, Popularity; Cannibalization Fears
By Rafat Ali
This could go down as the most bone-headed move from a TV network in 2008, or completely inconsequential: The CW network is pulling off its… Read more »
Video Streaming Firm Move Networks Raises Big $46 Million Third Round
By Joseph Weisenthal
Red hot Move Networks, the heavily-backed provider of high quality online video streaming, has raised a huge $46 million third round led by… Read more »
CNBC Tries To Up Video Subs, Seeks EU Syndication
Financial news channel CNBC is to target countries including Russia in a new effort to drive subscriptions for its premium CNBC Plus web vid… Read more »
Industry Moves: Lee; Scripps; Cablevision
– Lee Enterprises: Suzanna Frank has been promoted to VP-audience from director-research and marketing; she will be overseeing circulation… Read more »
CNBC: Ad Revs Up 17 Percent In ’07, 15,000 Webcast Subscribers
By Joseph Weisenthal
Yep, CNBC (NYSE: GE) still dominates the cable news game, even if it let upstart rival Fox Business News have MLK day — when foreign market… Read more »
Industry Moves: WMG’s Bronfman Taps Jim Griffin To End Industry’s ‘Tarzan Economics’ Model
By David Kaplan
Former Geffen Records’ digital chief Jim Griffin has been hired by Warner Music Group (NYSE: WMG) to head up the company’s efforts to offer… Read more »
Newsday On The Block; Cablevision, News Corp. Interested: Reports
By Joseph Weisenthal
Tribune-owned Newsday, the Long Island-serving paper, is up for sale according to multiple reports. Both Cablevision (NYSE: CVC) (also based… Read more »
Cablevision & Ticketmaster In Deal To Acquire Majority In AEG Live; Includes Fuse TV: Report
By Rafat Ali
This was speculated by an NYP story earlier this week and now Billboard fleshes it out, though in a slightly different direction: troubled C… Read more »
Earnings: Cablevision Swings To Profit In Q4; Revs Grow 10.8 Percent
By David Kaplan
Cablevision (NYSE: CVC) posted a $6.6 million profit in Q4, compared to the year before’s net loss of $23.9 million. On the revenue front, C… Read more »
Industry Moves: Michael Nash Will Head Digital For WMG
The official word is out that Alex Zubillaga will be leaving as the head of digital strategy for Warner Music Group (NYSE: WMG) and, with it… Read more »
With Shares Down, Cablevision Ponders Sale Of Rainbow Media Unit; Acquisitions Possible: Report
By Joseph Weisenthal
Shares of Cablevision (NYSE: CVC) have fared extremely poorly since last October, when shareholders walked away from a $36.26 per share mana… Read more »
ABC, Affiliates Reach ‘Landmark Agreement’ To Lift Repurposing Limits, Give Local Content, Ads
ABC is reporting a deal with its affiliates today that gives the network much more leeway for repurposing content across platforms and allev… Read more »
Industry Moves: WMG Digital Head Alejandro Zubillaga Leaving; Mission ‘Sort Of Fulfilled’
The head of Warner Music Group’s (NYSE: WMG) aggressive digital music strategy is leaving, according to the Wall Street Journal. Alejandro Z… Read more »
News Corp. Working On Music ‘Hulu’ For MySpace
paidContent has learned that News Corp (NYSE: NWS). is pursuing a music joint venture for MySpace — similar to Hulu, its video joint ventur… Read more »
Earnings: WMG Execs: ‘Smaller Scale’ M&A; Imeem Investment; DRM-Free MP3s
“Growth, particularly mobile, remained on a slower trajectory,” Warner Music Group (NYSE: WMG) CEO Edgar Bronfman, Jr. warned analysts and i… Read more »
Earnings: WMG Ups Digital 41 Percent Annually; Records Loss In ‘Challenging’ Year
Warner Music Group (NYSE: WMG) digital revenue grew nine percent in the last three months of 2007 to $141 million. Digital now makes up 14 p… Read more »
Disney Delays Digital Production Unit Stage 9; Not Risking Inflaming Guilds: Report
By Rafat Ali
Disney has delayed the formal debut of a separate digital production unit called Stage 9, charged with developing original online and mobile… Read more »
Warner Bros. Warns Up To 1,000 Job Cuts Due To Writers' Strike
By David Kaplan
Warner Bros. could slash up to 1,000 jobs after Friday, citing effects from the writers’ strike, THR reports. While the studio isn’t saying… Read more »
Paramount Ready To Defect From HD DVD To Blu-ray: Report
By David Kaplan
It looks like Toshiba’s booth at CES is going to look a little lonelier: Paramount is ready to switch its allegiance from HD DVD in light of… Read more »
NYT And CNBC To Share Content On Their Websites
By David Kaplan
Not as big a deal as NYT’s own story makes it out to be: The New York Times and CNBC will share web content on each other’s sites, which is… Read more »
Warner Music Acquires Online Indie Retail Site InSound
By Rafat Ali
The Alternative Distribution Alliance, an independent distributor owned by the Warner Music Group (NYSE: WMG), has acquired Insound.com, the… Read more »
Fox Business: The Future Hasn't Arrived, Yet
By Rafat Ali
Not that this is a surprise to anyone who’s tried to sit through any of the Fox Business shows, but both WaPo and NYT report some viewership… Read more »
Sony BMG Joining Amazon Music Store; Final Major To Try DRM-Free: Report
Sony (NYSE: SNE) BMG will join EMI, Vivendi’s (EPA: VIV) Universal Music Group and Warner Music Group (NYSE: WMG) in selling music through A… Read more »
Warner Signs On With Amazon's DRM-Free MP3 Download Store
Effective today, Warner Music Group (NYSE: WMG) follows Universal Music Group and EMI to the DRM-free Amazon (NSDQ: AMZN) MP3 store. For War… Read more »
XM Settles With Warner Music Group Over Pioneer Inno; Second Settlement This Week
By Joseph Weisenthal
As expected, satellite radio operator XM (NSDQ: XMSR) has come to an agreement with Warner Music Group (NYSE: WMG) pertaining to the Pioneer… Read more »
Industry Moves: Gewecke New President, Digital Distribution, Warner Bros. Home Entertainment
Warner Bros. Home Entertainment Group fills a gap with the appointment of Thomas Gewecke as president of Warner Bros. Digital Distribution (… Read more »
CNBC.com’s Game Of Catch-Up Continues; Yahoo Syndication Deal Includes Europe, Asia
By David Kaplan
CNBC.com will syndicate news stories and video on Yahoo (NSDQ: YHOO) Finance, reflecting the cable news channel’s push to broaden the online… Read more »
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