LOS ANGELES (Reuters) – Walt Disney Co’s board extended Chairman and Chief Executive Bob Iger’s contract through June 2018, keeping him at the helm of the media and theme park company two years longer than he previously planned.
Disney announced the contract extension on Thursday but did not say who would succeed Iger, who has led the company to record profits. He plans to name a chief operating officer next year, a person with knowledge of Iger’s thinking said, setting up a likely successor.
LOS ANGELES (Reuters) – DirecTV (DTV.O: Quote, Profile, Research, Stock Buzz) extended its exclusive contract to sell the Sunday Ticket package of National Football League games, and sources said the company will pay $1.5 billion a year to keep the popular offering that has helped attract subscribers.
The agreement announced on Wednesday removes a potential roadblock to AT&T Inc’s (T.N: Quote, Profile, Research, Stock Buzz) proposed $48.5 billion purchase of the satellite TV provider. AT&T had the right to pull out of the deal if DirecTV was unable to renew its Sunday Ticket pact.
LOS ANGELES, Sept 29 (Reuters) – DreamWorks Animation SKG
Inc could soon have a new Japanese owner in a deal that
highlights the challenges facing Hollywood’s smaller studios in
remaining independent and could prompt a string of other deals.
Over the weekend, a source said DreamWorks, the studio best
known for movie franchises including “Shrek” and “Madagascar,”
was in talks about a possible sale to SoftBank Corp,
the cash-rich Japanese communications and media company.
LOS ANGELES (Reuters) – A Tyrannosaurus rex lumbers forward, belts out a deafening roar, then stomps overhead, and a viewer watching inside a virtual reality headset turns around to see the beast walking away.
The lifelike run-in with a prehistoric monster comes courtesy of prototype Oculus Rift goggles, giving a glimpse of a future that breaks movies out of the flat screen.
LOS ANGELES, Sept 22 (Reuters) – Otter Media, a joint
venture between telecom giant AT&T Inc and The Chernin
Group, has agreed to buy a majority stake in Fullscreen, one of
the largest networks on YouTube, the companies announced on
The deal values Fullscreen at between $200 million and $300
million, a person with knowledge of the transaction said.
Fullscreen founder and Chief Executive George Strompolos will
remain CEO and keep an ownership stake in the company.
NEW YORK/LOS ANGELES, Sept 10 (Reuters) – Time Warner Inc
and CBS Corp signaled on Wednesday that they
were increasingly open to one day making HBO and Showtime
available directly to consumers over the Internet without a
subscription to a cable television service.
Separate comments by CBS Chief Executive Officer Leslie
Moonves and Time Warner CEO Jeff Bewkes at an investor
conference were the latest sign that pressure from rival
services such as Netflix Inc could make streaming cable
TV delivered via broadband a reality.
LOS ANGELES/NEW YORK, Aug 31 (Reuters) – The “Guardians of
the Galaxy” misfits reached a new box office stratosphere over
the U.S. Labor Day weekend, soaring past fellow Marvel hero
“Captain America” to become the highest-grossing domestic movie
“Guardians” rang up $16.3 million in U.S. and Canadian
ticket sales from Friday through Sunday, topping weekend charts
for the third time since its Aug. 1 debut, according to
estimates from tracking firm Rentrak. Total domestic sales
climbed to $274.6 million, surpassing the $259.8 million earned
by April release, “Captain America: The Winter Soldier.”
LOS ANGELES (Reuters) – Basic cable channel AMC was rewarded at the Primetime Emmy awards for “Breaking Bad” and broadcasters landed top honors, while pioneering streaming service Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) was shut out of the major categories on Monday.
Premium cable channel network HBO again dominated with 19 awards in total, 15 of them in creative arts categories handed out earlier this month. Its only major acting award on Monday went to Julia Louis-Dreyfus for political comedy “Veep.”
SAN FRANCISCO/LOS ANGELES, Aug 25 (Reuters) – Amazon.com Inc
tracked Twitch’s evolution from scrappy guerrilla
startup to one of the Internet’s hottest media properties. On
Monday, it announced a near-$1 billion acquisition to get into
one of the fastest-growing online arenas: live-streaming video.
Amazon’s $970 million bet – its largest ever – underscores
how a loyal and fast-growing following for live-streaming video
has grabbed the attention of big brands. Some believe live and
interactive streaming, in which Twitch is a pioneer, is the new
frontier in online video.
LOS ANGELES, Aug 21 (Reuters) – Walt Disney Co is
ramping up its first major push to promote the “Star Wars”
franchise it purchased from George Lucas in 2012, blitzing
consumers this year with a mobile game, animated TV show and an
expanded line of toys and clothes.
The anticipated rush of light sabers, Wookiees and other
“Star Wars” mainstays is Disney’s attempt to cash in on its
$4.05 billion acquisition of LucasFilm, which gave the company a
popular yet aging franchise that has not produced a new feature
film in nine years.