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Jul 29, 2012

‘Dark Knight Rises’ tops box office, sales drop 60 pct

LOS ANGELES, July 29 (Reuters) – Batman sequel “The Dark
Knight Rises” topped movie box office charts this weekend with
nearly $64.1 million in U.S. and Canadian ticket sales, a 60
percent drop from its debut last week in the wake of a fatal
shooting in a Colorado movie theater.

The reduction in ticket sales for the movie starring
Christian Bale as the comic book crimefighter trailed the
performance of its 2008 predecessor “The Dark Knight,” which
fell 53 percent in its second weekend to earn $75 million.

Jul 26, 2012

ABC News chief defends Colorado shooting coverage

LOS ANGELES, July 26 (Reuters) – The head of ABC News on
Thursday defended the network’s response to an incorrect report
last week suggesting the accused gunman in the Colorado movie
theater shootings was linked to the U.S. Tea Party, saying the
network acted quickly to correct itself and was taking steps to
prevent similar errors in the future.

The report by ABC News correspondent Brian Ross was “an
obvious clear error we corrected immediately,” ABC News
President Ben Sherwood said in response to reporters’ questions
at a Television Critics Association meeting in Beverly Hills.

Jul 26, 2012

Big media stocks’ big run faces test this quarter

LOS ANGELES (Reuters) – Big media companies’ stocks have their swagger back.

A boom in political ad spending and bigger checks from cable and digital providers have driven up the stocks of Comcast Corp, Walt Disney Co, News Corp and CBS Corp, with their gains so far outpacing the broader market this year.

Jul 25, 2012

HBO nixes idea of Netflix partnership

LOS ANGELES (Reuters) – Consumers who dream of watching HBO hits like “The Sopranos” or “Game of Thrones” by streaming to TVs using their Netflix accounts shouldn’t hold their breath.

Netflix Inc CEO Reed Hastings raised the tantalizing possibility on Tuesday that his video rental company could partner with HBO, with which his company has jostled in the past, as it has with other television networks that supply programming.

Jul 25, 2012

Netflix cautious on subscriber growth, shares plunge

LOS ANGELES (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) warned on Tuesday it may have trouble reaching its year-end target for new subscribers, an outlook that disappointed Wall Street and sent the video rental company’s shares down nearly 16 percent.

For the second quarter, Netflix returned to profit and reported earnings of 11 cents a share, beating analysts’ expectations of 5 cents. Its $8-a-month TV and movie streaming service added 530,000 new U.S. customers.

Jul 24, 2012

Netflix subscriber outlook disappoints, shares plunge

LOS ANGELES, July 24 (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research) warned
on Tuesday it may have trouble reaching its year-end target for
new subscribers and will record a loss in the final three months
of the year, news that sent the video rental company’s shares
down nearly 16 percent after hours.

For the second-quarter, Netflix reported earnings of 11
cents a share, beating analysts expectations of 5 cents, and
said it added 530,0000 new customers to its video streaming
service in the U.S. market.

Jul 24, 2012

Netflix shares fall 14 percent as outlook disappoints

LOS ANGELES (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) warned on Tuesday it may have trouble reaching its year-end target for new subscribers and will record a loss in the last three months of the year, sending the shares of the video rental company down 14 percent.

For the second-quarter, Netflix reported earnings of 11 cents a share, beating analysts expectations of 5 cents, and said it added 530,0000 new customers to its video streaming service in the U.S. market.

Jul 23, 2012

Fox executive: Network may lose 18-49 ratings race next season

LOS ANGELES, July 23 (Reuters) – The Fox television network
may relinquish its eight-year ratings title among the 18- to
49-year-old age group prized by advertisers in the upcoming
season, Fox Entertainment President Kevin Reilly said on Monday.

The News Corp-owned network’s streak in the
category was built largely by its reliance on singing
competition “American Idol.” Total viewership for the show in
the season that ended in May dropped 30 percent from the
previous season, according to Nielsen ratings data.

Jul 23, 2012

Mariah Carey brings superstar status to ‘American Idol’

LOS ANGELES, July 23 (Reuters) – Grammy-winning pop star
Mariah Carey will join Fox television’s “American Idol” singing
contest as a judge next season as the highly rated show fights
to regain its slumping audiences.

Kevin Reilly, president of entertainment for Fox
Broadcasting, told television critics on Monday in Los Angeles
that popular singer Carey will be one of the replacements for
departing judges Steven Tyler and Jennifer Lopez.

Jul 23, 2012

Netflix investors want to know if more viewing equals more subscribers

LOS ANGELES (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) CEO Reed Hastings boasted this month on his Facebook page that subscribers had streamed more than 1 billion hours of movies and TV shows in June, a record for the video rental service.

On Tuesday, Netflix will answer the question most on its investors’ minds: How much of that increase comes from new subscribers who pay $8 a month for unlimited viewing?