Previously for DailyFinance, Catherine Ryan Hyde described how novelists (theoretically) profit from their books. Here, the author of Pay It Forward, which was adapted to film, explains what happens to authors when their books …
Billionaire investor Carl Icahn threw his support behind Lions Gate Entertainment’s proposal to acquire debt-laden Metro-Goldwyn-Mayer, according to a filing with the SEC Tuesday. Icahn is Lions Gate’s largest shareholder and a…
Studios including Sony Pictures (SNE), Walt Disney Co. (DIS) and Warner Bros. (TWX) are in talks with cable companies about offering movies soon after their theater release for as much as $30 per showing.
The companies are in …
Indian conglomerate Sahara India Pariwar is in talks to buy U.S. movie studio Metro-Goldwyn-Mayer Inc in a deal worth more than $2 billion, The Wall Street Journal reported.
MGM owes creditors about $4 billion, mostly to hedge funds that purchases th…