Universal Pictures’ “Despicable Me 2” set box-office records in its debut over the July 4 holiday weekend, while Walt Disney Co.’s “The Lone Ranger” bombed, failing to match even last year’s megaflop “John Carter.”
Two of Liberty Media Corp.’s tracking stocks rose after the company moved to simplify its complex financial structure by announcing plans to turn its largest unit, Liberty Interactive , into an asset-backed stock.
Netflix, the video-rental service grappling with a user revolt, reports results today that will show the extent of third-quarter subscriber losses and may offer clues to its progress in limiting defections this period.
DreamWorks Animation SKG Inc. said second-quarter earnings will shrink from a year ago because of the domestic box-office performance of “Shrek Forever After” and weaker home-video sales. The shares fell 4.1 percent.
Hulu LLC is in talks with CBS Corp. , Viacom Inc. and Time Warner Inc. to add their television shows to the video website’s planned paid subscription service, people with direct knowledge of the discussions said.