Dawn Chmielewski and Jessica Guynn of The LA Times today posted an interesting article on the evolving relationship between Facebook and the film industry suggesting that "Hollywood's friendship with Facebook is showing signs of strain.". Read More

Los Angeles – Hollywood movie studio Metro-Goldwyn-Mayer (MGM) this week announced the formation of a new media division, which will oversee the company's digital distribution strategy, including broadband and wireless efforts. The company named Douglas A. Lee as executive vice president in charge of the new unit. Previously, Lee founded Lee Consulting Company, and also served in executive positions at Universal Television, 20th Century Fox and HBO. "There are numerous opportunities to grow and [...].

Los Angeles - Sony's Universal Media Disc (UMD) format, on which movies are sold for playback on its PSP handheld video game, is losing support among top movie studios, according to The Hollywood Reporter. Facing very low sales, both Paramount and Universal will likely stop releasing movies on UMD, sources told THR. "It's awful. Sales are near zilch. It's another Sony bomb," a "high-ranking executive" at Universal Studios Home Entertainment told THR. "No one's [...].