Disney shareholders re-elect Iger, nine others to board
PORTLAND, Oregon (Reuters) - Shareholders of the Walt Disney Co on Tuesday re-elected Chairman and Chief Executive Bob Iger and nine other members to the company's board. Disney announced the voting results at the media company's annual shareholder meeting in Portland, Oregon.
Google, Viacom settle landmark YouTube lawsuit
NEW YORK (Reuters) - Google Inc has settled a landmark copyright lawsuit in which Viacom Inc accused the Internet search company of posting its programs on the YouTube video service without permission. The settlement ends seven years of litigation that drew wide attention from Hollywood, the music industry and Internet companies, and which tested the reach of a federal law designed to thwart piracy while letting people find entertainment online.
UK PM Cameron's ex-media chief saw details of hacked royal calls: court
LONDON (Reuters) - Andy Coulson, British Prime Minister David Cameron's ex-media chief, agreed to have the phones of royal aides monitored and saw transcripts of hacked voicemails when he was editing a Rupert Murdoch tabloid, a former reporter said on Tuesday. Clive Goodman, the ex-royal editor of Murdoch's now defunct News of the World tabloid, told a London court Coulson had approved a 500 pound ($830) weekly payment to a private detective who later hacked phones of staff working for Queen Elizabeth's grandsons.
Global recording industry optimistic despite revenue fall
LONDON (Reuters) - Top executives of the global recorded music industry said on Tuesday they were optimistic about growth despite figures for 2013 showing an almost 4 percent annual decline in revenues to $15 billion, blamed largely on the Japanese market. The drop-off followed figures in 2012 which showed the industry, hard hit by illegal downloads and music piracy, registering its first revenue gains since 1999, to $16.5 billion.
Last-minute Disney policy change averts proxy access vote
PORTLAND, Oregon (Reuters) - Walt Disney Co appeased large shareholders who demanded more say in the naming of directors and splitting of the chairman and chief executive officer jobs in the future, persuading them to withdraw a proposal hours before it was to have gone to a vote on Tuesday. A last-minute change in board guidelines specified that the chairman should be an independent director unless the company justifies it in writing. Chief Executive Officer Bob Iger has also served as chairman since 2012.
UTV Media sees radio revenue boost from FIFA World Cup
(Reuters) - Northern Irish broadcaster UTV Media Plc estimated a strong growth in revenue in the first quarter and a further jump in sales in its radio business in the run up to the FIFA World Cup. The company, which has non-exclusive radio rights to the quadrennial soccer tournament this summer, said it expected revenue from its largest division - Radio GB - to rise 17 percent in April, with its popular radio station talkSPORT clocking at least a 25 percent jump.
Sony Pictures to announce layoffs across divisions: source
LOS ANGELES (Reuters) - Sony Pictures Entertainment on Monday will announce layoffs throughout its studio operations in the United States and abroad, according to a person familiar with the matter. Among the units that will be hit is the Sony interactive team that supports digital marketing, the source said on condition of anonymity because the information is not yet public.
U.S. TV pitchman Trudeau sentenced to 10 years in prison
CHICAGO (Reuters) - U.S. TV pitchman Kevin Trudeau, who was convicted last year of criminal contempt for exaggerating the contents of his weight-loss book in infomercials, was sentenced on Monday to 10 years in prison. Trudeau, 51, who has been held in federal custody since his conviction in November, will also have five years of supervised release after serving his sentence, U.S. District Court Judge Ronald Guzman said.
TV stocks fall as broker sees FCC clampdown on ad-sharing deals
(Reuters) - Shares of TV station operators such as Nexstar Broadcasting Group Inc and Sinclair Broadcast Group Inc fell after a Wells Fargo Securities note said the Federal Communications Commission was likely to clamp down on deals that involve TV stations jointly selling ads. The brokerage said that after having spoken with regulators it "appears" that the FCC will not allow any pending deals with any kind of "shared" arrangements to close until or unless they are restructured to exclude such stations and related loan guarantees.
British media tycoon considers Channel 5 float: Sky
(Reuters) - British media baron Richard Desmond is considering a stock market listing of free-to-air TV broadcaster Channel 5, Sky News reported, citing sources. Desmond is working with investment bankers from Goldman Sachs on the possible floatation, Sky News said on its website, adding that the bank had taken the idea of listing Channel 5 to Desmond in recent weeks. (http://link.reuters.com/ban67v)
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