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Business and Financial News for the Home Media and Entertainment Industry.


News
DVA Celebrates 20th Anniversary   3 Sep, 2008

Distribution Video and Audio (DVA), one of the largest buyers and sellers of excess video and audio...More>>

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Goldman Sachs Doubles Stake in Netflix   11 Sep, 2008

Goldman Sachs Asset Management Sept. 11 disclosed it has upped its stake in Netflix to more than...More>>

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Best Buy to Buy Napster   15 Sep, 2008

Best Buy has entered into a $121 million merger agreement with Napster.More>>

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Packaged Media Flat, Profit Down for Best Buy   16 Sep, 2008

Best Buy Co. reported second quarter (ended Aug. 30) fiscal 2009 net income of $202 million, down...More>>

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Media Companies ‘Resilient’ in Turbulent Economy   17 Sep, 2008

Parent companies to movie studios, TV networks and cable operations projected confidence despite a...More>>

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Home Entertainment, Theatrical Boost Viacom Q2   29 Jul, 2008

Paramount Pictures parent Viacom July 29 reported a nice jump in revenue for the second quarter...More>>

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Gaiam Inks With Inspired   29 Jul, 2008

Special interest distributor Gaiam has signed an agreement with Inspired Corp. to acquire select...More>>

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CBS Q2 Revenues, Profits Up   1 Aug, 2008

CBS Corp. saw both its revenues and profits up for the second quarter 2008, both increasing 1% over...More>>

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Packaged Media Helps Drive Record Wal-Mart Q2 Earnings   14 Aug, 2008

Consumer spending on entertainment and consumer electronics (CE) helped Wal-Mart Stores report...More>>

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DVD Up, But Can't Make Up for Music Drop at Trans World   21 Aug, 2008

The DVD cash cow couldn't make up for music sales' ongoing meltdown at Trans World Entertainment.More>>

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MGM Denies 'For Sale' Scuttlebutt   25 Aug, 2008

Metro-Goldwyn-Mayer Studios Aug. 25 denied media reports it was on the sale block for $5.2 billion.More>>

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EDC Approves Reverse Stock Split   26 Aug, 2008

Shareholders of packaged media distributor Entertainment Distribution Co. have agreed to a fiscal...More>>

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TiVo Eyes Q2 Profit, 'Entertainment Weekly' Pact   27 Aug, 2008

Increased margins on its digital video recorders and reduced operating expenses helped TiVo post...More>>

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Borders Cuts Q2 Loss   27 Aug, 2008

Borders Group reported a second-quarter (ended Aug. 2) loss of $11.3 million, compared to a loss of...More>>

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Circuit City Shares Rebound Slightly   29 Aug, 2008

Shares of financially challenged electronics retailer Circuit City Stores ended the week up 19% to...More>>

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Microsoft Slashes Xbox 360 Prices   4 Sep, 2008

After weeks of Internet chatter, Microsoft has finally made the latest round of Xbox 360 price cuts...More>>

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Termination Lucrative to Gallery CFO   4 Sep, 2008

Thomas Johnson, who until relinquishing duties last month to Lucinda Baier had been CFO of Movie...More>>

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LiveUniverse Buys Peerflix   8 Sep, 2008

'The Washington Post' has confirmed that Internet media holding company LiveUniverse has purchased...More>>

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Ascent Media Buys Indie Download Site   9 Sep, 2008

Global Media Exchange (GMX), a unit of Santa Monica, Calif.-based Ascent Media, acquired inDplay, a...More>>

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Gallery Seeks to Turn Debt into Stock   10 Sep, 2008

Movie Gallery and Sopris Capital Advisors, the private equity firm that owns much of the Dothan,...More>>

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