Walt Disney Co., the world’s largest entertainment company, said the box-office disappointment “John Carter” will post a loss of about $200 million, possibly the biggest ever for a single film.
Walt Disney Co. and its state-owned China partner will invest about $4.4 billion building a resort in Shanghai, the entertainment company’s second amusement park in the world’s most- populous nation.
“Frozen” continues to sizzle for Walt Disney Co., where quarterly profit rose 27 percent as kids snapped up DVDs and merchandise tied to the animated mega-hit.
News Corp. Chief Operating Officer Chase Carey , brought in as Rupert Murdoch ’s No. 2 less than a year ago, has emerged to lead negotiations on the biggest acquisition in the company’s history.
News Corp. , CBS Corp. and Viacom Inc. are weighing dividend increases or share buybacks as an advertising rebound spurs cash flow, after media companies cut back during the U.S. recession.
Rupert Murdoch ’s bid for the rest of British Sky Broadcasting Group Plc has become $700 million more expensive after the pound’s 6 percent gain against the dollar.
TiVo Inc., the pioneer of digital- video recorders, reported a fiscal first-quarter loss as subscribers dropped the service.
Lions Gate Entertainment Corp.’s poison pill, designed to deter the hostile takeover bid by U.S. investor Carl Icahn, was voided by Canadian regulators.
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