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Business News
Stocks drop on financials, oil rebound (Reuters)

Traders work on the floor of the New York Stock Exchange, July 8, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell in skittish trading on Wednesday, led by financial services company shares, while rebounding oil prices fed concerns about the toll of higher energy costs on business and consumer spending.


Merrill asset sale size depends on second quarter loss (Reuters)

Merrill Lynch Chief Executive Officer, John Thain, poses before a news conference in Mumbai May 7, 2008. Merrill Lynch is looking at selling stakes in BlackRock Inc or Bloomberg LP, and the size of the sale will depend on the size of the investment bank's second quarter loss, a person briefed on the matter said Wednesday. (Punit Paranjpe/Reuters)Reuters - Merrill Lynch & Co will determine exactly how much of its stakes in BlackRock Inc and Bloomberg LP to sell based on how deep its second quarter loss is, a person briefed on the matter said on Wednesday.


IMF gloomy on growth, warns on inflation (Reuters)

International Monetary Fund Managing Director Dominique Strauss-Kahn gives a speech during the Brussels Economic Forum in Brussels May 15, 2008. It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, Strauss-Kahn said on Wednesday. (Thierry Roge/Reuters)Reuters - It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday.


GFK says to make better offer for TNS than WPP (Reuters)

WPP's Martin Sorrell in a file photo. Germany's GfK Holdings AG said on Wednesday it wants to make a better offer for Britain's Taylor Nelson Sofres TNS than Martin Sorrell's advertising group WPP. (File/Reuters)Reuters - Germany's GfK Holdings AG said on Wednesday it wants to make a better offer for Britain's Taylor Nelson Sofres TNS than Martin Sorrell's advertising group WPP.


Oil rebounds $2 on Iran missile tests (Reuters)

A New York City cab driver fills his taxi up with gas at a Hess station in New York July 2, 2008. (Shannon Stapleton/Reuters)Reuters - Oil rose $2 to around $138 a barrel on Wednesday, partly recouping a $5 drop in the previous session, after Iran said it had test-fired missiles that could reach Israel and U.S. bases in the region.


China market sees signs of economic policy easing (Reuters)

A vendor rests at a cloth stall of a market in Hefei, Anhui province June 10, 2008. (Jianan Yu/Reuters)Reuters - A flurry of visits by Chinese leaders to cities hit by sluggish exports and a reported tax rebate for textile exporters are being interpreted by the market as signals that Beijing might cautiously ease tight economic policies.


Fox TV Studios takes production abroad with "Mental" - 13, May 2008

LOS ANGELES (Hollywood Reporter) - Fox TV Studios president Emiliano Calemzuk is going back to his Latin American roots. In doing so, he also is reinventing the company's business model.



By Nellie Andreeva
LOS ANGELES (Hollywood Reporter) - Fox TV Studios president Emiliano Calemzuk is going back to his Latin American roots. In doing so, he also is reinventing the company's business model.
FtvS has greenlighted "Mental," a 13-episode medical drama series starring Chris Vance and Annabella Sciorra, which will be filmed in Bogota, Colombia.
It is one of three series that FtvS is preparing for independent production abroad with foreign broadcast partners. FtvS, whose core business is producing shows for the U.S. cable networks, will then shop the international series to U.S. networks.
"It is a new business model that would give us a competitive advantage and would probably give the industry something to think about," Calemzuk said.
It's also part of a growing trend of bringing indie film-financing mechanisms to TV, such as the Nehst Studios-backed series adaptation of "The Saint," directed by Barry Levinson.
In "Mental," from executive producers Deborah Joy LeVine and Dan Levine, Vance plays a rebellious psychiatrist in a Los Angeles mental health hospital, and Sciorra portrays his boss. The show is being co-financed with Fox International Channels (FIC), which will air the series across its outlets in Latin America, Europe and Asia.
Argentine-born Calemzuk spent a decade working for FIC, primarily in Latin America and Italy, before taking the reins of FtvS a year ago.
As a buyer, he said he was frustrated by the limited supply of U.S. series and about being at the mercy of the U.S. networks, which can cancel a show after only a few episodes. 





(c) 2008 Reuters
Other news from Entertainment category:
  1. TV guest roles bring acclaim, sometimes Emmys - 09, Jul 2008

    LOS ANGELES (Hollywood Reporter) - They don't do it for the fanfare. And they certainly don't do it for the money. But guest-starring roles are one of the best ways for a non-TV actor to be discovered -- or a TV veteran to be rediscovered -- by a new audi

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  2. After years of chaos, Motley Crue still no "Saints" - 09, Jul 2008

    NEW YORK (Billboard) - When author Neil Strauss first met Motley Crue, the scene could have been ripped right from "The Dirt," the 2001 band autobiography he co-wrote with the group that became a New York Times best seller.

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  3. TV performers ratify Hollywood labor deal - 09, Jul 2008

    LOS ANGELES (Reuters) - The smaller of Hollywood's two performers unions ratified a new prime-time TV contract on Tuesday, undermining a last-ditch bid by the larger, more militant Screen Actors Guild to secure a richer deal.

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  4. "Hancock" director a superhero of sorts - 09, Jul 2008

    LOS ANGELES (Hollywood Reporter) - In the past four years, Peter Berg has directed three features, starred in three other films, and served as an executive producer of NBC's critical darling "Friday Night Lights."

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  5. Latest "Hulk" may not spawn a sequel - 09, Jul 2008

    LOS ANGELES (Hollywood Reporter) - It's a tale of two movies, with an oddly similar ending.

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  6. Mystery of Nicole Kidman baby name solved - 09, Jul 2008

    CANBERRA (Reuters) - The mystery of Oscar-winner Nicole Kidman's name choice for her daughter has reportedly been solved, with Kidman's father saying "Sunday Rose" was inspired by an Australian arts patron notorious for her lurid love life.

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  7. Colombian hostage rescue heads to big screen - 09, Jul 2008

    LOS ANGELES (Hollywood Reporter) - Colombian movie director Simon Brand is teaming up with producers in Hollywood and his native country to bring to the big screen the story of last week's dramatic rescue of Ingrid Betancourt and 14 other hostages in Colo

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  8. "Generation Kill" tests appetite for war on TV - 09, Jul 2008

    LOS ANGELES (Reuters) - The team behind critical hit television drama "The Wire" brings the Iraq War into U.S. living rooms this Sunday in HBO's "Generation Kill," taking on what has proven to be a dangerous minefield for Hollywood.

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  9. Analysis lays odds on rookie TV shows - 08, Jul 2008

    LOS ANGELES (Hollywood Reporter) - The Fox thriller "Fringe" and CBS' sci-fi drama "Eleventh Hour" will be the highest-rated new shows next season, while NBC's "Kath & Kim" and CBS' "Worst Week" will prove to be weak links in their respective comedy b

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  10. Nickelback joins Live Nation in global deal - 08, Jul 2008

    NEW YORK (Reuters) - Canadian rock band Nickelback has signed a global recording, touring and merchandising deal with concert promoter Live Nation Inc that an industry source said was worth between $50 million and $70 million.

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Software News
Microsoft sets pricing, fee sharing for services (Reuters)

Microsoft Chief Executive Officer Steve Ballmer speaks during a luncheon and conference on technology and innovation in Madrid April 25, 2008. (Susana Vera/Reuters)Reuters - Microsoft Corp introduced on Wednesday pricing for its suite of online services targeted at corporate customers and a revenue-sharing plan to encourage other companies to sell the software company's products.


India Expects Software and Services Revenue Growth to Fall (PC World)
PC World - India's revenue from software and services is expected to be slower this year, according to an industry body.
Google lets people create custom virtual realms (AFP)

File photo shows a virtual rendition of US Congressman Edward Markey on Second Life for the UNs climate change convention in Bali, Indonesia. Web firm Google has rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds(AFP/OneWorld.net/File)AFP - Google has rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds that can be embedded on websites and melded with other online functions.


EA says has complied with FTC request on Take-Two (Reuters)

College fullback Owen Schmitt (R), drafted by the NFL's Seattle Seahawks, and DeSean Jackson, a wide receiver drafted by the Philadelphia Eagles, play EA Games NCAA Football at the game-makers; studio in Burnaby, British Columbia May 5, 2008. (Andy Clark/Reuters)Reuters - Video game publisher Electronic Arts Inc said on Tuesday it complied with a regulator's request for more information on its Take-Two Interactive Software Inc bid, moving a step closer to buying its rival.


Real Software, Veryant bolster dev tools (InfoWorld)
InfoWorld - Real Software and Veryant are upgrading development tools this week, with Real Software focused on its RealBasic platform and Veryant on Cobol.
VMware shares plunge on CEO change, slowing growth (AP)
AP - VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.