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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.

RealNetworks, MTV to spin off Rhapsody

(AP) -- RealNetworks Inc. and MTV Networks said Tuesday that they plan to spin off Rhapsody America LLC, their digital music service joint venture, into an independent company.

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.

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.

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.

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.

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