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

UP: Jeff Bewkes

Time Warner's chairman and CEO scores a new five-year deal that could earn him an additional $30 million in stock bonuses if the company thrives.

DOWN: Jeffrey Katzenberg

The DreamWorks Animation CEO's Rise of the Guardians is among the company's worst openers since going public in 2004 -- one analyst calls it "shockingly low" -- and the stock takes a big hit.

UP: One Direction

The Simon Cowell-discovered boy band's second album, Take Me Home, tops the Billboard chart with 540,000 units sold as Sony preps a 3D concert film to be released next summer.

DOWN: Kelsey Grammer

Starz cancels Boss after two low-rated seasons despite critical praise and Grammer's Golden Globe win for best actor in January.

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SHOWBIZ STOCKS

Amazon.com (AMZN)
$243.62 (+6%)

Cyber-shopping topped $1 billion on Black Friday for the first time.

Sony (SNE)
$9.90 (-2.8%)

Fitch downgrades debt ratings on the company to junk status because of weak electronics sales.