Viacom adjusted profit falls in 1Q, beats Street

Viacom says its net income rose sharply in its first fiscal quarter from results depressed by a large accounting charge in a year ago. But its revenue fell due to drop at its Paramount studio business and lower advertising ...

Pros dominate YouTube greatest hits in 2012

"Gangnam Style" topped YouTube's list of the most attention-grabbing videos this year, as other professionally produced works outshined the amateur clips that had originally made the website famous.

YouTube takes original programming venture abroad (Update)

(AP)—YouTube is extending its original programming initiative into Europe, with at least 60 new video channels from media companies including Britain's BBC, London-based FreemantleMedia and the Netherlands' Endemol.

Gaps in Netflix's online library likely to persist

(AP) -- Peruse Netflix's catalog of DVDs, and you'll find just about any movie or TV series you want. Look for many of the same titles in Netflix's Internet video library, and prepare to be exasperated.

Court revives Viacom copyright suit against YouTube

A US appeals court on Thursday revived a billion-dollar lawsuit filed by entertainment giant Viacom accusing Google-owned website YouTube of knowingly profiting from pirated video clips.

Review: Prettier iPad retains familiar qualities

I have grown fond of my iPad 2 during the past nine months. So, I was curious if I would like my tablet computer any less once I saw Apple's new and improved iPad.

Netflix strikes movie deal with Weinstein Co.

(AP) -- Netflix has locked up the right to show "The Artist" and other movies from The Weinstein Co. on its Internet video service before the films are released to the leading pay-TV channels.

Chinese video websites in court as industry grows

(AP) -- China's two biggest video websites are fighting in court over accusations they are misusing each other's programming as rivalry heats up in an industry that is luring viewers from bland state TV.

Australia media review eyes Internet

A review of Australia's media on Thursday recommended a major regulatory shakeup which would put Internet giants under the same umbrella as traditional outlets and see ownership laws axed.

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