Entertainment and media correspondent
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Dec 5, 2012

Netflix to get Disney films in TV distribution deal

By Ronald Grover and Sue Zeidler

(Reuters) – Walt Disney gave a much needed boost to Netflix, becoming the first major Hollywood studio to use the video service to bypass premium channels like HBO that traditionally controlled the delivery of movies to TV subscribers.

News of the deal, which enables Netflix to stream Disney’s first-run movies to its subscribers, boosted Netflix shares by 14 percent.

Dec 4, 2012

Disney, Netflix sign exclusive TV distribution deal

By Ronald Grover and Sue Zeidler

(Reuters) – Walt Disney Co agreed to give Netflix exclusive TV distribution rights to its movies, becoming the first major studio to stream its movies to TV viewers via Netflix instead of distributing them to HBO, Showtime or other premium TV channels.

The agreement begins in 2016, after Disney’s current deal with Liberty Media’s pay-TV channel Starz expires.

Dec 4, 2012

UPDATE 1 Disney, Netflix sign exclusive TV distribution deal

Dec 4 (Reuters) – Walt Disney Co agreed to give
Netflix exclusive TV distribution rights to its movies,
becoming the first major studio to stream its movies to TV
viewers via Netflix instead of distributing them to HBO,
Showtime or other premium TV channels.

The agreement begins in 2016, after Disney’s current deal
with Liberty Media’s pay-TV channel Starz expires.

Dec 4, 2012

Exclusive: Bally Technologies eyes online gaming co 3G – sources

LOS ANGELES (Reuters) – Slot-machine maker Bally Technologies is exploring a bid for online poker game developer 3G Studios, in what would be the latest deal to combine online gambling and casino gaming on social media, said two sources with knowledge of the talks.

One source said several Bally Technologies executives were scheduled to visit 3G’s offices in Reno, Nevada on Tuesday to determine whether to make a formal bid.

Dec 4, 2012

Bally Technologies eyes online gaming co 3G-sources

LOS ANGELES, Dec 4 (Reuters) – Slot-machine maker Bally
Technologies (BYI.N: Quote, Profile, Research) is exploring a bid for online poker game
developer 3G Studios, in what would be the latest deal to
combine online gambling and casino gaming on social media, said
two sources with knowledge of the talks.

One source said several Bally Technologies executives were
scheduled to visit 3G’s offices in Reno, Nevada on Tuesday to
determine whether to make a formal bid.

Nov 16, 2012

Law firm withdraws from Okada camp in Wynn legal brawl

LOS ANGELES, Nov 16 (Reuters) – One of the law firms
representing Japanese pachinko tycoon Kazuo Okada in a bitter
legal dispute against Wynn Resorts Ltd has withdrawn
from the case, a lawyer from the firm said on Friday.

Paul Spagnoletti, an attorney with the New York offices
of Davis, Polk, Wardwell LLP, said his firm has stopped
representing the Japanese businessman, who is trying to reverse
Wynn’s decision to redeem Okada’s shares in the company at a
steep discount.

Nov 16, 2012

Hollywood scrambles to cash in on Petraeus scandal

LOS ANGELES, Nov 15 (Reuters) – Writers with a script about
former four-star general David Petraeus’ sex scandal can do
lunch with anyone in Hollywood.

Studio executives have been huddled in meetings since
Monday, sifting through potential scripts that can be tweaked.
Agents have been called. Authors are getting e-mails.

Nov 7, 2012

Maryland voters pass casino expansion after MGM Resorts big bet

LOS ANGELES, Nov 7 (Reuters) – MGM Resorts International
won its costliest political gamble to date after
Maryland voters passed a divisive gambling expansion ballot that
enables the casino giant to move forward with a bid to build an
$800 million resort casino in the state.

Approval on Tuesday of the ballot measure, known as Maryland
Question 7, will permit bidding for a sixth casino in the state
and is expected to pave the way for a new MGM casino at National
Harbor in Prince George’s County, which it says will create
2,000 construction jobs and up to 4,000 permanent jobs.

Nov 1, 2012

Las Vegas Sands post lower-than-expected earnings

LOS ANGELES, Nov 1 (Reuters) – Las Vegas Sands Corp,
owned by billionaire Sheldon Adelson, on Thursday posted lower
earnings amid challenges at its Singapore operations and higher
costs for properties in Macau.

The casino company, operator of resorts like the Venetian
in Las Vegas, also on Thursday increased its quarterly dividend
by 40 percent to 35 cents per common share, beginning in the
first quarter of 2013.

Oct 31, 2012

MGM expects online gaming license, state compacts

LOS ANGELES (Reuters) – MGM Resorts International Ltd’s CEO expects his company to obtain an online gaming license from Nevada regulators this week, and said states are talking with each other to forge alliances to create a viable interactive gambling market.

Obtaining the Nevada license would move MGM one step closer to entering the online field, which is expected to reach $10 billion a year nationwide by 2017. The sector is seen attracting younger players and offering a new avenue for growth to traditional casino operators whose growth has been stagnating.

    • About Susan

      "I cover the media sector, focusing mainly on Walt Disney Co and other big entertainment firms and the digital evolution that is currently reshaping that industry. Prior to this assignment, I covered the music industry, energy markets, commodity markets and corporate bonds. Before moving to Los Angeles in 1995, I held positions in the New York bureau and in Pittsburgh, PA."
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