EmptyTHE BIZ OF THE BIZ
Viacom CEO Philippe Dauman, Weinstein Co. co-chairman Bob Weinstein and Sirius XM Radio CEO Mel Karmazin will be among the industry luminaries discussing the business of media and entertainment at the second annual Media and Money Conference today and Wednesday in New York. Organized by Hollywood Reporter parent the Nielsen Co. and Dow Jones, the event also will feature panels on topics including how to thrive in a tough economy and film finance trends.
Shares of Apple rose 14% Monday after Sanford C. Bernstein upgraded the stock to "outperform" from "market perform" on valuation and said the company's short-term financials are likely to remain relatively healthy despite economic weakness. However, the brokerage slashed its price target on the stock to $135 from $175. Apple shares climbed $13.46 to $110.26.
Strike.TV will launch Oct. 28 with distribution deals in place with YouTube and Joost. An online network formed by professional TV and film scribes during the writers strike, Strike.TV has been in beta mode since July, offering sneak peeks of the more than 40 shortform programs it plans to release.
Macrovision Solutions said Monday that it will sell its TV Guide Magazine property to OpenGate Capital.