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 Studios to produce five original shows

(AP)—Amazon says it will start production on a pair of new comedy shows and three new kids shows to air later this year and early next year on its video streaming service.

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.

Hong Kong film industry furious at YouTube 'piracy'

Hong Kong filmmakers on Wednesday urged YouTube to do more to protect copyright, claiming losses of $308 million due to pirated movie clips posted on the American video-sharing site.

Love a click away in Indonesia's Twitter Republic

He was a geeky kid from Yogyakarta, she a glamorous city girl in Jakarta. In a country with one of the world's most vibrant social networking scenes they fell in love on Twitter.

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.

Daily Show, Colbert Report to be removed from Hulu

(AP) -- Video streaming site Hulu is saying goodbye to The Daily Show and The Colbert Report, two popular shows from Comedy Central that will no longer be streamed on the site after next week.

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