Entertainment

Citigroup has reached an agreement to sell its music label, EMI Group, in two parts for a total of $4.1 billion. Universal Music Group has announced it is buying EMI's recorded music division for $1.9 billion. Sony/ATV, according to news reports, has nabbed -- or is poised to nab shortly -- EMI's pu...

Rumblefish and APM Music are teaming up to offer an online catalog of popular music and soundtracks to consumers looking to legally add sound to personal video content such as YouTube videos, slideshows or presentations. The partnership, announced Thursday, combines Rumblefish's experience with soci...

Google may be taking aim at one of the few digital screens and content sources it doesn't dominate -- paid television. The search engine provider is reportedly considering offering paid cable-TV services to leverage its high-speed Internet access project under way in Kansas City, where it is plannin...

Research In Motion is launching a music app for BlackBerry users that it hopes will spread via its incentives for users to share songs by BlackBerry Messenger. Called "BBM Music," the service is rolling out in Canada, the U.S. and Australia, with more countries expected to go online later. The music...

The crumbling wall between TV and the Internet may soon be reduced to dust. YouTube is preparing to debut 100 TV channels, partnering with dozens of media companies, Hollywood production companies, and celebrities including Madonna, J-Z, Ashton Kutcher and more. The subjects range from health and fa...

Unexpectedly high customer losses for Q3 sent Netflix stock into a tailspin in after-hours trading Monday, driving share prices down more than 30 percent overnight. The online video and DVD-by-mail provider lost 800,000 customers during the quarter behind it, and it projected a net loss for the quar...

Google appears to be working on an online music store that will compete with the established offerings of Apple and Amazon. How competitive this online store will be is unclear, at least based on what is currently reported about its status. Google reportedly has held talks with Universal Music Group...

Netflix cracked under pressure and regrouped its business into a single service offering that includes both streaming content and mailed DVDs. The company announced on Monday it will not split off its DVD-by-mail service under the name "Qwikster," as planned. Instead, U.S. customers will continue to...

Verizon and Microsoft are teaming up to bring new FiOS TV-powered entertainment offerings to the Xbox 360 gaming console, a move that highlights the rapid expansion of diverse content across multiple platforms. The deal will use Verizon's FiOS TV application to allow Xbox Live Gold members to watch ...

Amazon's Kindle Fire debuted Wednesday morning with much fanfare. Many of the tablet's specs were already known, leaked or widely suspected, leaving little to wow the crowds -- except the price point. The device is going to retail at an eyebrow-raising US$199, several hundred dollars less than the ...

"I messed up. I owe everyone an explanation." Thus begins a blog post by Reed Hastings, CEO of Netflix, announcing a new change to the company -- a change that is almost guaranteed to further irritate an already angry and frustrated customer base. The change, in a nutshell, is this: In addition to c...

Netflix cut its domestic subscriber forecast on Thursday by one million customers in the wake of a major change in the company's pricing structure that favors its streaming-only service. The company discontinued its $9.99 monthly streaming and DVD-rental plan and replaced it with two plans, $7.99 fo...

Internet radio service Pandora announced its first results as a publicly traded company on Thursday. Quarterly revenues totaled $67 million, 117 percent up year over year, and listener hours hit a new high of 1.8 billion, up 125 percent YoY, Pandora said. Advertising revenue more than doubled, from ...

Research In Motion on Thursday announced its new BBM Music service, a cloud music offering for BlackBerry Messenger. BBM Music enables social and viral music discovery by allowing users to build a community-based library with friends' selections. A closed beta of BBM Music has launched in Canada, th...

A U.S. judge has ruled largely in favor of music locker site MP3tunes in the copyright infringement suit brought by record label EMI. Judge William Pauley on Monday ruled that MP3tunes did not promote infringement with its online music storage service. EMI did win a smaller victory, Pauley ruling th...