An exhaustive new study is estimating that the digital rights management industry will grow from $600 million worldwide in 2004 to $1.9 billion in 2009. After all, digitally delivered media that's so popular nowadays needs protecting.
The fallout from disappointing sales of the "Shrek 2" DVD continues for DreamWorks Animation SKG, which acknowledged June 2 that a law firm known for filing class-action claims filed a lawsuit on behalf of shareholders.
Sirius Satellite Radio Inc. on April 29 posted a loss of $193.6 million in the first quarter, compared with a loss of $144.1 million a year ago despite revenue that more than quadrupled to $43.2 million as its cost to acquire subscribers rose.
Bill Gates-owned Corbis, overseer of the world's largest archive of imagery, has paid an undisclosed sum for the Roger Richman Agency, one of the nation's largest agencies specializing in the promotion of deceased celebrities.
Famed financier Carl Icahn, the largest individual holder of Blockbuster shares, blasted management at the nation's leading video rental chain for its botched attempt at a hostile takeover of Hollywood Entertainment, and he vowed to take control of Blockbuster's board if certain changes aren't made.
At a time when major entertainment conglomerates have focused on optimizing their Internet businesses, major radio station groups have been unleashing initiatives to push into the Web space with a newfound urgency.