LOS ANGELES, Nov 8 (Reuters) – Media giant Walt Disney Co
posted higher quarterly profit on Thursday, lifted by an
increase in attendance at theme parks and revenue gains at
sports juggernaut ESPN.
Disney reported diluted earnings per share of 68 cents for
the quarter that ended in September, in line with expectations
from Wall Street analysts surveyed by Thomson Reuters I/B/E/S.
LOS ANGELES, Nov 7 (Reuters) – CBS Corp topped Wall
Street expectations with a higher quarterly profit boosted by
more revenue from the licensing of TV shows and fees paid to its
The company reported third quarter net earnings of $391
million on Wednesday, up 16 percent from $338 million in the
same quarter a year earlier. Adjusted earnings per share reached
LOS ANGELES (Reuters) – Rupert Murdoch’s News Corp reported quarterly profit on Tuesday that beat analyst expectations, helped by growth at cable television networks such as Fox News Channel and FX.
Its shares jumped 2.4 percent after hours.
The media company that owns Fox Broadcasting and The Wall Street Journal said adjusted earnings per share reached 43 cents for the quarter that ended in September on profit of $1.0 billion. Analysts on average had expected 37 cents, according to Thomson Reuters I/B/E/S.
LOS ANGELES (Reuters) – U.S. television networks face a new challenge in covering this year’s excruciatingly close presidential election: prevent closely guarded exit poll results from leaking onto Twitter, Facebook and other social media platforms.
The major TV news networks agreed to shield early exit poll data suggesting who is leading in a state until the state’s polls close. That means no tweeting exit polls, posting on Facebook, or re-tweeting figures reported by others.
LOS ANGELES, Nov 5 (Reuters) – “Star Wars” was the force
behind Walt Disney’s $4 billion purchase of producer
George Lucas’s Lucasfilm entertainment holdings. Not so far, far
away is Lucas’ Industrial Light and Magic, his award-winning
special effects shop that will likely save Disney millions of
dollars in costs for its big-budget movies.
ILM, started by Lucas in 1975 when he couldn’t find a
special effects house he liked for “Star Wars,” has provided
computer-generated dinosaurs, space ships and action characters
for a roster of films that includes “Avatar,” “Mission
Impossible” and the “Harry Potter” series.
LOS ANGELES, Nov 5 (Reuters) – U.S. television networks face
a new challenge in covering this year’s excruciatingly close
presidential election: prevent closely guarded exit poll results
from leaking onto Twitter, Facebook and other social media
The major TV news networks agreed to shield early exit poll
data suggesting who is leading in a state until the state’s
polls close. That means no tweeting exit polls, posting on
Facebook, or re-tweeting figures reported by others.
(Reuters) – Netflix Inc adopted a poison pill defense against a hostile takeover, days after activist investor Carl Icahn disclosed a stake in the video rental company.
The move is aimed at preventing an outsider who lacks Netflix board approval from accumulating a stake of 10 percent or more, the company said in a statement. The board approved the provision on Friday. It remains in effect for three years.
LOS ANGELES/NEW YORK (Reuters) – Media companies from NBC and Fox to Al-Jazeera are digging deep into their wallets to build new national sports networks and grab a slice of the lucrative market dominated by Walt Disney Co’s sports juggernaut ESPN.
The networks are chasing the big advertising dollars that flow into live sports programming, plus monthly subscription fees paid by cable operators that are far higher than those for other channels.
LOS ANGELES (Reuters) – Netflix Inc said on Thursday it was open to input from billionaire Carl Icahn, the activist investor who now controls 10 percent of the video rental company’s shares a day after his surprise investment.
“We have many shareholders, now including Mr. Icahn, and we’re always open to their perspective on how to build on our success,” Netflix said in a statement issued in response to Icahn’s disclosure of his investment in a regulatory filing on Wednesday.
Oct 31 (Reuters) – Billionaire investor Carl Icahn bought 10
percent of Netflix Inc, presaging another bruising
corporate battle and raising the possibility that the pioneering
movie and TV-streaming company would get acquired.
Netflix shares rose 14 percent to close at $79.24 on Nasdaq
after Icahn disclosed in a regulatory filing he purchased shares
and call options in the company that boasts more than 30 million