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According to a report in the LA Times, Galloping Horse America, a division of Beijing-based media company Galloping Horse, joined hands with Indian company Reliance MediaWorks to buy out the Canadian studios located at Venice and Vancouver for $30.2 million from bankrupt Digital Domain (DDMGQ.PK).
Video website Hulu (NYSE:DIS) (NASDAQ:CMCSA) (NASDAQ:NWS) has scored a coup by agreeing an exclusive, multi-year pact with World Wrestling Entertainment (NYSE:WWE) to stream its TV shows and some Web series. Paid subscribers at Hulu can watch from today shows such as ”Monday Night Raw,” “Friday Night SmackDown,” and “WWE NXT.”
Chevron (NYSE:CVX) is reportedly in hot water with the EPA, who is conducting a criminal probe into allegations that the company bypassed monitoring equipment at its Richmond refinery and instead flared off pollutants directly into the atmosphere.
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