(Reuters) – CBS Corp (CBS.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported better-than-expected profit for the second quarter, as the broadcaster brought in more revenue from online licensing deals and international syndication of its television shows.
Chief executive Les Moonves said the company would remain firm in its standoff over fees with Time Warner Cable (TWC.N: Quote, Profile, Research, Stock Buzz), which briefly blacked out CBS this week in New York and Los Angeles after the companies could not reach a deal. The deadline for a new agreement is Friday at 5 p.m. EST.
(Reuters) – Time Warner Cable agreed on Tuesday to keep the CBS network on the air in New York and other cities after initially announcing a blackout when the two sides failed to reach an agreement on fees.
Negotiations between CBS and Time Warner Cable continued after midnight in New York, according to a spokeswoman for the cable operator. Time Warner said it had relented “at the request of CBS.”
LOS ANGELES (Reuters) – The freewheeling improvised comedy that made Robin Williams a star on 1970s sitcom “Mork & Mindy” will be on display in his new CBS comedy “The Crazy Ones,” though the actor says the series will deliver a character that audiences relate to.
Returning to TV for the first time since “Mork” went off the air in 1982, Williams will play an eccentric advertising executive who employs unorthodox methods to win and keep clients. “Buffy the Vampire Slayer” star Sarah Michelle Gellar plays the straight-laced daughter who battles to keep him from going too far.
LOS ANGELES, July 27 (Reuters) – Actor Michael J. Fox said
he aimed to bring laughs and a dose of reality about day-to-day
living with Parkinson’s disease to a new NBC comedy loosely
based on his life, his first lead role in a television show in
In the upcoming “The Michael J. Fox Show,” the actor plays a
father with Parkinson’s who returns to work as a local
newscaster on an NBC TV station in New York. To his surprise,
his fictional family reacts with relief that he will be getting
out of the house.
LOS ANGELES (Reuters) – NBC plans to air a four-hour miniseries starring Diane Lane as former Secretary of State and first lady Hillary Clinton, part of the broadcast TV network’s strategy to improve its ratings by luring viewers to one-time event programming.
The part of Bill Clinton has not been cast, NBC Entertainment Chairman Bob Greenblatt said on Saturday at a meeting of the Television Critics Association.
LOS ANGELES (Reuters) – Quirky comedy “Arrested Development” lured new subscribers to Netflix Inc’s streaming service in the second quarter, but not enough to impress investors who sent its shares tumbling 4 percent in after-hours trading on Monday.
“Arrested Development,” which Netflix dusted off seven years after it last ran on Fox, generated “a small but noticeable bump in membership,” Netflix CEO Reed Hastings and Chief Financial Officer David Wells said in a letter to shareholders.
LOS ANGELES (Reuters) – Video subscription service Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) signed up fewer-than-expected new customers for its streaming service in the second quarter, sending its shares tumbling by nearly 6 percent on Monday despite a higher-than-expected profit.
Netflix beat analysts’ forecasts with $29 million in second-quarter profit and earnings per share of 49 cents, but said it added 630,000 new streaming customers in the United States, in the middle of a forecast the company issued in April.
LOS ANGELES, July 22 (Reuters) – Universal Pictures’ sci-fi
action comedy “R.I.P.D.” and Dreamworks Animation’s “Turbo”
opened with a thud in North American theaters this weekend,
continuing a Hollywood streak of weekly box office bombs for
films that cost more than $100 million to make.
“R.I.P.D.,” starring Jeff Bridges and Ryan Reynolds, cost
$130 million to make and tens of millions more to promote. It
opened with ticket sales of $12.8 million, seventh among films
in theaters this weekend, according to the box office division
NEW YORK/LOS ANGELES (Reuters) – “The Conjuring,” a low-budget horror movie about a haunted farmhouse, spooked two pricey competitors and the “Despicable Me” minions to win a crowded weekend box office contest at U.S. and Canadian theaters.
“Conjuring” soared past forecasts with $41.5 million in domestic ticket sales in its first three days, the highest take among four new films, according to studio estimates. The strong performance from “Conjuring” knocked two-time champion “Despicable Me 2″ to second place with $25.1 million.
LOS ANGELES (Reuters) – The Emmy recognition for Netflix Inc elevated the stature of programming delivered solely over the Internet, a field that is attracting the biggest names in Silicon Valley and a roster of A-list Hollywood stars.
Coming later this year, Amazon.com Inc will release political series “Alpha House” starring John Goodman, one of five original shows watchable only on its Prime Instant Video service. Hulu’s streaming site will feature the voice of Eva Longoria as a former music executive turned suburban mom on animated comedy “Mother Up!”