Devoted to show business and the entertainment industry

Dolan Family Holdings LLC dropped out of the running for licenses being offered in the New York, New Jersey and Connecticut region for advanced wireless airwaves. The overall bidding has now reached $11 billion total. It has been estimated that it may eventually reach over $15 billion.

Others that have also dropped out were DirecTV Group Inc. (DTV) and EchoStar Communications Corp.(DISH), who entered the auction in a joint venture. They didn't get any of the licenses offered.

There has been a completion 24 rounds of bidding, and Deutsche Telekom AG's T-Mobile USA (DT) currently has the highest bids on 130 licenses, coming in at $3.7 billion. This isn't unexpected as they had a lot less wireless airwaves than their larger competitors and were expected to be more aggressive in their bidding.

YouTube Inc. announced that it is talking with multiple record labels to be able to enter deals to offer their music videos online, according to a report by Reuters. The goal they say is to go beyond a home video... Continue Reading

Understanding the tremendous risk involved with investing money in Hollywood film, here are some of the tactics used when investing. Some of the hedge funds will invest in one studio and underwrite the films they will be producing for that... Continue Reading

When talking about investing in Hollywood films, one of the interesting things about this article is that it doesn't talk about return on investment or making money, but rather the glamour of being connected to something attached to Hollywood. The... Continue Reading

Even after all of the news concerning the upheavel and uncertainty of Hollywood, ignorant money managers are continuing to waste their money on Hollywood films. Hedge funds are pouring hundreds of millions into films. For example, a bunch of hedge... Continue Reading

NBC, with the promotion of "Earl," through using the MySpace online social networking site, has become another in a growing line of TV shows using this strategy. They have chosen to use MySpace by empowering visitors to load personal photos... Continue Reading

In a move to enlarge its digital media business, Zenith Media has purchased Moxie Interactive. The acquisition gets them up to par with its other property: Publicis network Starcom MediaVest Group. Moxie itself, a company based in Atlanta, has a... Continue Reading

Andrew Baron, senior partner of Rocketboom, the popular video blog, revealed that former face of Rocketboom, Amanda Congdon, has stopped talking to him and is communicating through her lawyers now. Congdon says she owns 49% of the company, according to... Continue Reading

News Corp. (NWS) reported its quarterly net profits have risen by 19 percent. The main reasons being advertising revenue from the Fox News Channel, "Ice Age: The Meltdown" ticket sales and radio stations they sold, according to Reuters. News Corp.'s... Continue Reading

William Shatner has announced that he is going to hold an on-line contest to search for the most compelling sci-fi person in the U.S. A press release said that "To enter, contestants just have to create a short video clip... Continue Reading

With a strategy of getting rid of its assets not related to its core business, Disney (DIS) is reportedly selling its 50% stake in 'US Weekly.' The deal itself isn't bad as Disney bought in at $40 million in February... Continue Reading

With its only deal with a TV broadcaster, Yahoo! (YHOO) is sending two chief executives to Australia to make sure things get done right. Markus Barnikel, chief of global sales and Bruno Fiorentini, the head of South American operations, will... Continue Reading

Disney CEO, Robert Iger has said concerning the Internet strategy of the company that it will probably not enter into “broad, sweeping partnerships” with internet portals such as Google (GOOG) or Yahoo (YHOO) as it builds its internet business, says... Continue Reading

Everywhere you look and read there are stories of media companies trying to cuddle up with the digital world. While this is an important issue that they must face, how they go about tackling the challenge is as important as... Continue Reading

Fox Filmed Entertainment (the parent of Twentieth Century Fox) and Walden Media announced a joint venture for the purpose of producing family films for all ages. Walden Media, among whose successes includes The Chronicles of Narnia, will include all its... Continue Reading

With the growing online ad business exploding, MTV Networks has agreed to a deal with Google (GOOG), the online search giant, to offer ad-supported TV clips to bloggers and website publishers, reported USA Today. Revenue will be shared between Google,... Continue Reading

The American Federation of Television and Radio Artists and the Screen Actors Guild have reached a tentative agreement with national advertisers to continue their contract that regulates $2 billion of advertising concerning where actors appear through 2008. If it is... Continue Reading

In spite of all the hype about what a great year Hollywood is having, the realities have already set in that they won't be able to produce films financially the way they have been in the recent past. One of... Continue Reading

In what at first appears to be a dramatic move, Foster's beer has shifted all of its TV advertising to the Web. It will begin the campaign on video site Heavy.com, which caters to mostly young-adult men, according to a... Continue Reading

Jackie Chan flew into Manila to launch his new business Jackie’s Java Company Ltd., which will sell high-quality coffee from all over the world. Marianne Go writing for The Philippine Star said: "Along with his American partner Thomas Kazas and Philippine... Continue Reading