World Screen

PALO ALTO/REDMOND, October 25: Microsoft is making a $240-million investment in the social networking site Facebook, giving it a 1.6-percent stake in the popular site, valued at $15 billion. As part of the investment, Microsoft will be the exclusive third-party …

NEW YORK, October 25: The Dolan family’s $10.6-billion attempt to take Cablevisions Systems Corporation private has been rejected by the company’s shareholders. Charles Dolan, Cablevision’s chairman, and his son James L. Dolan, chief executive, have been leading the charge to …

PHILADELPHIA, October 25: Despite a 21-percent increase in third quarter profits to $7.8 billion, Comcast Corporation’s profit for the period fell 54 percent to $560 million. The fall in profit is partly attributed to a $55 million expense related to …

TOKYO, October 25: Sony Corporation posted a second-quarter profit of Y73.7 billion ($641 million), almost 4,300 percent up on Q2 2006’s Y1.7 billion ($14.9 million), with revenues up 12 percent to Y2.1 trillion ($18.1 billion). At Sony Pictures Entertainment, higher …

BURBANK, October 24: In a federal court in Los Angeles today, DIC Entertainment lodged a suit against the Troll Company (TC), alleging “claims of fraud in the inducement and negligent misrepresentation” in connection with its deals for the original Good …

NEW YORK/LONDON, October 24: Lion Television has restructured its management team, with Tony Tackaberry promoted to CEO of the company, based in the U.S., and Tracy Green taking on an expanded role within Lion's parent company, All3Media in the U.K. …

HONG KONG, October 24: STAR has made several key appointments for its programming and production team, including naming Todd Lituchy as president of entertainment. Based in Hong Kong, Lituchy will oversee STAR’s program planning, production, network creative services, research and …

NEW YORK, October 24: Sandra Carter Global (SCG) has tapped Library Media Solutions (LMS) to expand its in-flight entertainment business. Through this agreement, LMS will work with Sandra Carter Global in full representation and marketing of the distributor’s range of …

LOS ANGELES, October 24: Debmar-Mercury has secured the worldwide television distribution rights to the best-selling Hasbro brand Trivial Pursuit, and will partner with the toys and games giant to deliver a first-run half-hour TV version of the classic board game. …

HILVERSUM, October 24: 2waytraffic International has shored up deals for its young-adult-skewing interactive game-show format TXTC with Greece’s Mega Channel and TV Channel Russia. TXTC, targeted at teenagers and under-25s, pits two teams against each other to challenge their texting …