LOS ANGELES (Reuters) – Steve Bornstein, the National Football League’s top media executive and a one-time ESPN chairman, may be a top candidate to be chairman of the powerful sports agency IMG if a group he is advising succeeds in buying it, according to two people with knowledge of the bids.
Bornstein is advising a group, headed by British money management firm CVC Capital Partners, in its bidding for the sports, fashion and marketing agency, the sources said.
LOS ANGELES (Reuters) – Steve Bornstein, the National Football League’s top media executive and a one-time ESPN chairman, working behind-the-scenes role in the auction of sports agency IMG by advising a bidders group headed by British money management firm CVC Capital Partners.
If the group is successful, Bornstein would be a top candidate to become chairman of the fabled sports, fashion and marketing agency, according to two people with knowledge of the bids.
LOS ANGELES (Reuters) – Comcast Corp plans to start selling movies for download and streaming through the cable operator’s set-top boxes and its Xfinity TV website, according to people with knowledge of the plan.
The effort will offer a new path for Hollywood studios to generate revenue from films after they leave theaters. For Comcast subscribers, it provides a way to purchase movies they can watch anytime on through a TV, computer or mobile devices.
LOS ANGELES, Nov 11 (Reuters) – Walt Disney Co said
on Monday it has consolidated the video games and online
businesses in its interactive unit and that co-President John
Pleasants has left his post to become a consultant for the
The group’s other co-president, Jimmy Pitaro, will lead the
merged unit, Disney said in a statement.
LOS ANGELES/NEW YORK (Reuters) – Marvel superhero Thor pounded his box office competitors over the weekend, muscling movie sequel “Thor: The Dark World” to the top of U.S. and Canadian charts with a hefty $86.1 million in debut ticket sales.
The 3D film starring Chris Hemsworth trounced last week’s top movies. Raunchy comedy “Jackass Presents: Bad Grandpa” finished in second place with $11.3 million from Friday through Sunday, according to Hollywood.com.
LOS ANGELES, Nov 7 (Reuters) – Walt Disney Co
reported a gain in profit that beat Wall Street expectations,
boosted by higher spending by summer visitors to U.S. theme
parks and increased sales of toys and other consumer products.
The media company posted diluted earnings per share of 77
cents for the quarter ended in September, according to a
statement released on Thursday. That beat the 76 cents per share
that was the average estimate of analysts surveyed by Thomson
LOS ANGELES, Nov 6 (Reuters) – CBS Corp recorded
higher profit that met Wall Street expectations as the company
collected more revenue from advertising and the licensing of
television shows including hits “NCIS: Los Angeles” and “The
CBS on Wednesday posted diluted earnings per share of 76
cents, in line with the average projection for analysts surveyed
by Thomson Reuters I/B/E/S. The company reported 64 cents per
share a year earlier. Net earnings from continuing operations
rose to $469 million, a 12 percent gain from $420 million in the
same period last year.
LOS ANGELES (Reuters) – Rupert Murdoch’s 21st Century Fox Inc (FOXA.O: Quote, Profile, Research, Stock Buzz) TV and film company reported quarterly earnings that missed Wall Street expectations, dragged down by investments in new cable channels and a weaker performance by its movie slate.
For the quarter that ended in September, Fox posted adjusted earnings-per-share of 33 cents, down from 38 cents a year earlier, the company reported on Tuesday. Wall Street analysts on average had expected 35 cents per share, according to Thomson Reuters I/B/E/S.
LOS ANGELES/NEW YORK (Reuters) – “Ender’s Game,” the futuristic story of children forced to fight an enemy race, battled to the top of box office charts in the United States and Canada, defeating senior citizen buddy comedy “Last Vegas” and animated turkey tale “Free Birds.”
Based on a best-selling 1985 novel, “Ender’s Game” collected $28 million in ticket sales over its first three days, according to studio estimates released on Sunday.
LOS ANGELES/MIAMI, Oct 27 (Reuters) – On Monday evening,
U.S. cable network Fusion will launch with interviews of
President Barack Obama and Republican Senator Ted Cruz. Later
that night, four puppets will provide commentary on current
events during a news chat show.
A joint venture between Walt Disney Co’s ABC and
Spanish-language media company Univision Communications Inc
, Fusion will blend hard news, satire and pop culture to
do something other cable news networks have largely failed to
do: lure “millennial” viewers, 18 to 34 years old.