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Entertainment Industry News

Imax rebounds to profit, sees strong first quarter (Reuters)
Reuters - Giant-screen movie operator Imax Corp said on Thursday a strong slate of films, including the blockbuster "Avatar", helped it bounce back to a fourth-quarter profit and it forecast a "very strong year" ahead.
Lawmakers get few answers on Comcast/NBC deal (Reuters)

Reuters - U.S. lawmakers on Thursday raised concerns that the Comcast deal to take control of NBC Universal could limit customers' access to programing and drive up cable prices.

Tribeca unveils film lineup, Spitzer in spotlight (Reuters)

Reuters - The Tribeca Film Festival on Wednesday unveiled its first group of films for April's event, including one documentary about the prostitution scandal that brought down former New York governor Eliot Spitzer.

Group takes Berlusconi to rights court on TV control (Reuters)

Reuters - A pro-democracy institute founded by billionaire financier George Soros filed a brief to the European Court of Human Rights on Thursday saying Prime Minister Silvio Berlusconi's grip on Italian TV was undemocratic.

"2012" debuts atop three video charts (Reuters)

Reuters - The end-of-the-world drama "2012" debuted at the top of all three home video charts the week ending March 7, the first release in nearly a month with a box office pedigree of more than $100 million.

Second Hollywood trading site to launch (Reuters)
Reuters - And then there were two -- box office trading exchanges, that is.
NY Times outlook now stable (Reuters)
Reuters - Moody's Investors Service on Wednesday changed its outlook on The New York Times Co to stable, from negative, saying the newspaper publisher's revenue declines are likely to moderate.
Disney keeps ABC options open, including spin-off (Reuters)

Reuters - Walt Disney Co's Chief Executive Bob Iger said on Wednesday that the top U.S. media company was keeping its options open for dealing with TV network ABC and its struggling news division, including a spin-off.

Ex-ITV boss takes over at EMI Music as CEO goes (Reuters)
Reuters - EMI Music, which is seeking new funds to avoid breaching debt covenants, said Chief Executive Elio Leoni-Sceti would step down shortly, just a month after he was tasked with finding a new business plan.
Disney sets March 19 deadline for Miramax bids (Reuters)
Reuters - Hollywood's dealmakers have a busy couple of weeks ahead of them.
Bigelow's Oscars will change Hollywood, slowly (Reuters)

Reuters - "Hurt Locker" director Kathryn Bigelow wrapped her fingers around that little golden man called Oscar on Sunday and cracked one of Hollywood's glass ceilings, but truly shattering it may take more time.

Murdoch has ambitions for original Arab content (Reuters)
Reuters - Rupert Murdoch's News Corp has ambitions to produce original Arab content to serve the Arab world's 335 million people in the region and abroad, helped by its partnership with Saudi-based media group Rotana.
Murdoch urges more transparency in Arab media (Reuters)
Reuters - Rupert Murdoch urged Arab governments on Tuesday to reject media censorship and open their markets to foreign competition as he opened a high-profile conference aimed at furthering oil-rich Abu Dhabi's ambitions as a cultural hub.
MGM expected to draw six bids by March 19: source (Reuters)
Reuters - Six companies are expected to make binding offers for storied Hollywood studio Metro-Goldwyn-Mayer by a newly set March 19 deadline, a source familiar with the situation said on Tuesday.