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Profit Slips at Time Warner

November 3, 2010

NEW YORK: As a result of charges related to its debt redemption, net profit at Time Warner in the third quarter fell by 21 percent to $522 million, on revenues that were up 2 percent to $6.4 billion. The fall in …

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Horrid Henry 3D Movie in the Works

November 3, 2010

LONDON: Vertigo Films and Novel Entertainment have begun principal photography on the all-new 3D live-action movie based on the property Horrid Henry. Horrid Henry: The Movie is set for release in summer 2011, with shooting to take place in London …

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MGM Files for Bankruptcy Protection

November 3, 2010

LOS ANGELES: As part of a reorganization plan that was last week approved by its lenders, MGM today filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York, and will continue normal business operations throughout the …

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Terranoa Locks In New Deals for Green

November 3, 2010

PARIS: Terranoa’s Green, which won the Golden Panda and the Natural History Museum Environment Award at the Wildscreen Film Festival, has been sold into a number of territories, including Japan and Canada. The film retraces the fate of one of …

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ABC Unveils Cast for Skating with the Stars

November 3, 2010

BURBANK: Among those slated to compete in the new ABC competition series Skating with the Stars are Olympic skier Jonny Moseley and rockstar Vince Neil of Mötley Crüe fame. The cast also includes Rebecca Budig, from the daytime soap All …

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Discovery Posts Strong Q3 Gains

November 3, 2010

SILVER SPRING: Overall revenues rose 11 percent to $926 million at Discovery Communications, with net profit surging to $186 million, almost double the year-ago profit of $94 million. “Discovery continues to enjoy strong operational momentum across our businesses," said David …

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Venevision’s Eva Luna Delivers for Univision

November 3, 2010

MIAMI: Venevision International’s telenovela Eva Luna, starring Guy Ecker, brought in more than 5.2 million viewers with its U.S. debut on the Univision Network. Eva Luna is produced in HD by Venevision Productions in association with Univision Studios. The show airs …

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Legal Battle Continues Between Icahn, Lionsgate

November 3, 2010

NEW YORK: Carl Icahn is appealing the decision by the Supreme Court of British Columbia upholding Lionsgate’s debt-equity swap with Mark Rachesky. The billionaire investor who is attempting a hostile takeover of the independent studio took issue with the Rachesky deal—the …

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Paley Center International Council Presents Agenda Highlights

November 3, 2010

NEW YORK: The Paley Center for Media’s International Council, focused on the theme The Rebirth of Media Worldwide, will include sessions with industry experts, in-depth conversations with meeting conveners and various other social events. The series of one-on-one sessions includes …