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Movieclips.com launches with studio deals

(AP) -- Movieclips.com, an online movie clip-sharing service, launched in beta test mode on Wednesday touting the cooperation of six major Hollywood studios amid an industrywide slowdown in DVD sales.

Sony's 'Smurfs,' 'Friends' to be UltraViolet-ready

(AP) -- Sony Corp.'s movie studio said Tuesday that "The Smurfs" and "Friends With Benefits" will be the first movies it releases on home video that will be compatible with the UltraViolet view-anywhere system.

Viacom 1Q earnings shredded by 'Rock Band'

(AP) -- Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the "Rock Band" series of video games.

Comedy Central to launch Twitter comedy festival

Putting a new test to the adage that brevity is the soul of wit, Comedy Central is partnering with Twitter for a comedy festival played out in 140 characters and 6-second videos.

Cablevision sues Viacom over channel bundling

Cable TV company Cablevision says that it is suing Viacom, arguing that the operator of pay-TV networks like Nickelodeon, MTV and Comedy Central is "illegally forcing" it to carry 14 channels that aren't watched very much.

Viacom, Time Warner Cable settle dispute over app

(AP) -- Viacom Inc., the parent of pay TV networks MTV and Comedy Central, has settled a dispute with Time Warner Cable Inc. over whether its subscribers can watch shows like "Jersey Shore" on mobile devices while at home.

Hulu no longer for sale, owners say

After months of being courted by technology giants and TV signal providers, online video service Hulu is no longer for sale, its media company owners said Thursday.

'Shrek' studio joins Wal-Mart disc-to-digital plan

(AP) -- DreamWorks Animation SKG Inc., the maker of "Shrek," "Madagascar" and "Kung Fu Panda," is teaming up with Wal-Mart Stores Inc. to help people convert their old DVDs into an online movie library.

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.

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