How social media dethroned Hollywood

Hollywood's power as a global entertainment machine is far from dead and buried but it has been knocked for a six by the extraordinary rise of social media entertainment over the past 10 years.

Microsoft beefs up Xbox ahead of major E3 event

Microsoft on Tuesday unveiled an Xbox One console with double the memory space that will hit the market as the Electronic Entertainment Expo (E3) video game extravaganza gets under way next week.

Subscriptions woo fans back from pirated music

Fans are increasingly willing to pay for digital music through subscription streaming services rather than downloading it illegally for free, according to an upbeat report published on Tuesday.

US home video spending posts second year of growth

U.S. home video spending rose nearly 1 percent to $18.2 billion in 2013, the second straight year of growth as higher spending on video streaming subscriptions and digital purchases offset the decline in DVDs.

Apple TV adds HBO Go, WatchESPN to line up

Apple on Wednesday added HBO GO and WatchESPN to the line-up of programming available on its Apple TV devices that stream shows from the Internet to living room screens.

Yahoo! to be online home of 'Saturday Night Live'

Yahoo! on Thursday continued its transformation into a stage for online media with a deal to stream "Saturday Night Live" television shows stretching from the current season back to 1975.

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