Showbiz biggies defend their turf

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The 16th annual Goldman Sachs Communacopia conference kicked off Tuesday in New York with a slew of the entertainment industry's heaviest hitters, including Rupert Murdoch, Richard Parsons, Robert Iger, Philippe Dauman and Chase Carey.

On the docket were DVD format wars, the U.S housing slump, online predators and -- of course -- "High School Musical 2." Most all the execs argued that despite war and economic challenges, the entertainment biz is still thriving and that the greatest opportunities right now lie overseas.

The investor confab continues Wednesday with presentations from DreamWorks Animation, XM Satellite Radio, Vivendi, Virgin Media and Martha Stewart Living Omnimedia.

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