August 12, 2012 |
A quarter century ago, Fox figured there was room for more than just three big TV networks. It created Fox Broadcasting, which would redefine television with shows such as "Married ... with Children,""The Simpsons,""24" and"American Idol. " Now, Fox is hoping to stage an encore. Rupert Murdoch's company on Monday unveiled MundoFox, a new Spanish-language broadcast network. A joint venture with Colombian powerhouse RCN Television Group, the network will challenge the Spanish-language media dominance of entrenched rivals Univision Communications and Telemundo.
August 6, 2012 |
A new Chinese joint venture said Monday that the third installment of DreamWorks Animation's "Kung Fu Panda" will be made in China as a co-production, the first for any major Hollywood animated feature film. "Kung Fu Panda 3," set for worldwide release in 2017, will be the debut feature-length animated film to be created by Oriental DreamWorks, a Shanghai-based entertainment company launched in February that will develop and produce Chinese animated and live-action content for distribution within China and around the globe.
July 25, 2012 |
This post has been corrected. See the note at the bottom for details. Toymaker Jakks Pacific is joining forces with Los Angeles tech firm Nantworks to develop and sell a new line of toys tied to smart devices. The toy collection will incorporate a free app designed by Nantworks that uses image-recognition technology to recognize objects and trigger photos, animations and other data to pop up on a smartphone or tablet computer. For example, a smartphone with the app open can be pointed to a costume tiara - and on the phone's screen, hair could be programmed to digitally grow from the crown, said Stephen Berman, Jakks' chief executive.
April 9, 2012 |
The Dodgers should not be required to reveal the conditions that govern use of the land surrounding Dodger Stadium, the team argued in a court filing Monday. Those restrictions include "sensitive non-public commercial information" that should remain sealed, the team claimed. U.S. Bankruptcy Judge Kevin Gross is set to hear the matter Friday, as part of a hearing in which he is expected to approve the sale of the team. Frank McCourt has agreed to sell the Dodgers to Guggenheim Baseball Management for $2.15 billion, with the parties jointly owning the parking lots that circle the stadium.
March 23, 2012 |
Metro-Goldwyn-Mayer has taken back full control of its legendary film label United Artists, is booking a loss on its recent release "The Girl With the Dragon Tattoo" and has added a top TV executive to its board of directors, the independent studio revealed in financial filings this week. Formed in 1919 by film luminaries including Charlie Chaplin and Mary Pickford, UA became part of MGM in 1981. In 2006, UA became a joint venture between MGM and Tom Cruise and his producing partner Paula Wagner, who together got 30% of the company.
March 23, 2012 |
In the latest sign of China's rising importance in the global aviation industry, Cessna Aircraft Co. said it would develop a plan to build business jets with the state-owned Aviation Industry Corp. of China. The announcement paves the way for Cessna of Wichita, Kan., to become the first U.S. aircraft maker to manufacture business jets in China, the fastest-growing market for the multimillion-dollar planes. "We believe China represents a significant opportunity for growth," said Scott Donnelly, chief executive of Cessna's parent company, U.S. conglomerate Textron Inc., at a signing ceremony Friday at the Great Hall of the People in Beijing.
March 20, 2012 |
Looks like Oprah Winfrey has had one of her trademark "aha!" moments. Winfrey and Discovery Communications Inc., partners in the Oprah Winfrey Network, announced cutbacks and an executive restructuring at the struggling cable channel. The moves follow OWN's decision Friday to cancel its high-profile Rosie O'Donnell talk show and will result in 30 staffers being let go and executives from Discovery Communications being brought in to oversee key operations. The changes come as OWN continues to struggle to find its voice.
February 18, 2012 |
DreamWorks Animation SKG Inc.announced plans to build a studio in Shanghai in what the Glendale company billed as a landmark agreement with two state-owned Chinese media companies. The creator of the "Shrek" movies said Friday that it was forming Oriental DreamWorks, a joint venture with China Media Capital and Shanghai Media Group, in concert with Shanghai Alliance Investment - an investment arm of the Shanghai municipal government - to establish a family entertainment company in China.
February 9, 2012 |
A Los Angeles film company that invested in a $500-million fund to co-finance Sony Pictures movies filed a lawsuit alleging that the fund's manager and a later investor cheated it out of at least $44 million. Aramid Entertainment Fund alleged in a lawsuit Wednesday that the Sony fund, which co-financed 18 movies since 2008, was shut down late last year in a manner that benefited both fund manager Relativity Media in West Hollywood and the investor, New York money management firm Fortress Investment Group, at Aramid's expense.
January 30, 2012 |
Starbucks is continuing its march toward global conquest. The latte lord aims to open 50 outlets in India by year's end. The expansion will come through a 50-50 joint venture with Tata Global Beverages. Tata Starbucks Ltd., as the venture is known, hopes to capitalize on the growing thirst of many Indians for a quality cup of java. According to the Associated Press, India was home to 1,600 coffee houses last year , up from just 700 in 2007. The consulting firm Technopak Advisors expects India's $170 million cafe market to grow 30% a year, adding up to 2,700 more outlets over the next five years.