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UP: Ryan Seacrest | DOWN: Katherine Heigl
Mark Davis/Getty Images; Olivier Douliery/Pool/Getty Images

Charting the week's ups and downs in the business of entertainment.

UP: Ryan Seacrest

The budding mogul's production outfit scores an investment by Clear Channel, whose backers Thomas H. Lee Partners and Bain Capital also have committed as much as $300 million to help Seacrest acquire media companies.

DOWN: Jay Leno

The Tonight Show host draws ire from Catholics and Sikhs for two separate jokes deemed offensive. If only the controversy translated into a ratings boost.

UP: Philippe Dauman

The Viacom CEO's pay drops to $43.1 million in fiscal 2011 from a bonus-enhanced $84.5 million in 2010, but he's still among the highest-paid executives in America.

DOWN: Katherine Heigl

One for the Money opens to a weak $11.5 million, Heigl's worst bow since becoming a rom-com star with 2007's Knocked Up.

SHOWBIZ STOCKS

UP: Zynga (ZNGA) 
$10.45 (+7.6%)

BTIG analyst Richard Greenfield tells clients, "You need to buy Zynga stock now" because,in part, "its batting average has far surpassed its peers'."

DOWN: Yahoo (YHOO)   
$15.47 (-1.4%)

Benchmark Research analyst Clayton Moran tells clients Yahoo's fourth-quarter financial results "indicate sustained market-share losses, with no sign of a turnaround."