Apple launches iTunes Store in 12 new Asia markets

Apple launched its iTunes Store in 12 Asian markets on Wednesday, giving consumers access to millions of songs and movies, but regional giants China, India and Indonesia were not on the list.

Wal-Mart to bridge online gap with disc-to-digital

(AP) -- Wal-Mart pledged to help introduce Hollywood's emerging online movie locker system to its customers, many of whom have never owned anything digital in their lives.

Viacom 4Q earnings, revenue up on 'Transformers'

(AP) -- Viacom says it turned the success of "Transformers: Dark of the Moon" into a pile of money in its latest quarter, as earnings tripled and revenue grew 22 percent.

Viacom fiscal 2Q net income up 16 pct

Viacom is reporting a 16 percent jump in net income for the first quarter thanks in part to smaller losses at its film division.

Amazon gets Epix video rights to challenge Netflix (Update)

(AP)—Amazon.com's Internet video library is gaining more box-office appeal under a licensing deal with Epix that threatens to undercut Netflix leadership in a growing market that's transforming the entertainment industry.

Viacom 2Q profits fall, but beats expectations

Viacom is reporting an 18 percent drop in second-quarter net income due to lower revenue, especially from its filmed entertainment division that includes Paramount Pictures.

Paramount in trial deal to supply DVDs to Redbox

(AP) -- Movie studio Paramount Pictures is following the lead of Lions Gate Entertainment Corp. and Sony Corp. by agreeing to supply films to $1-per-night DVD rental kiosk company Redbox.

Viacom 4Q earnings up 13 pct despite revenue drop

(AP)—Viacom says net income grew 13 percent in the most recent quarter even as revenue fell more than Wall Street expected with the lack of a strong theatrical release.

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