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Dish Network Corp. Chairman Charlie Ergen has accumulated a record $10 billion in cash, leaving investors to speculate whether he’s setting his sights on a takeover of T-Mobile USA Inc. or a merger with rival DirecTV.
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NBC Universal, controlled by Comcast Corp ., may need to pay as much as $1.55 billion to buy the 50 percent stake in two Universal Studios Florida theme parks that partner Blackstone Group LP is seeking to sell.
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Walt Disney Co., the world’s largest entertainment company, posted better than expected third-quarter profit, buoyed by the film hit “Marvel’s The Avengers.” Revenue fell short of analysts’ estimates.
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Captain America and Iron Man have analysts who cover Walt Disney Co. scrambling.
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Lions Gate Entertainment Corp., the independent film studio that produced “The Hunger Games,” posted an unexpected first-quarter loss of $44.2 million, citing costs to market five pictures.
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Sirius XM Radio Inc. is exploring programming alternatives in case the satellite broadcaster and talk-show host Howard Stern aren’t able to agree on a new contract, Chief Executive Officer Mel Karmazin said.
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Japan’s earthquake and tsunami were partially to blame for a 60 percent drop in Hollywood’s international box office last weekend, according to one Wall Street analyst.
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Viacom Inc., owner of the MTV network and Paramount Pictures, said third-quarter profit gained 37 percent on rising advertising sales at cable channels.
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Walt Disney Co., owner of the namesake theme parks and ESPN sports network, increased its annual dividend by 50 percent, the most in at least 20 years, following record sales and profit.
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Sirius XM Radio Inc. , the U.S. satellite radio broadcaster, said it’s continuing to negotiate a new contract with talk-show host Howard Stern less than two months before his existing contract expires.
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