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CBS Corporation (NYSE:CBS): Apple along with four publishers, CBS Corp.’s (NYSE:CBS) Simon & Schuster, News Corp.’s (NASDAQ:NWSA) HarperCollins, Verlagsgruppe Georg von Holtzbrinck GmbH’s Macmillan unit, and Lagardere SCA’s Hachette Livreagreed, have offered to avoid setting prices in the EU, but both Apple and Macmillan will not sign a similar agreement in the U.S.
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Walt Disney Co. (NYSE:DIS) will release a new film starring Tom Hanks and Emma Thompson, the company stated on Wednesday. The film has been named “Saving Mr. Banks,” and its production began on Wednesday. It is about Walt Disney’s 20-year pursuit to gain film rights to author P.L. Travers’ novel “Mary Poppins,” Walt Disney Co’s movie studio claimed in a statement.
Comcast Corporation (NASDAQ:CMCSA) CFO Michael Angelakis has stated that the trend of large cable companies buying smaller firms is probably over. “We frankly would rather buy back stock, adding that there’s a disconnect between how the private market and public market values cable systems,” he stated.
DIRECTV, Inc. (NASDAQ:DTV) CEO Les Moonves informed CNBC that the company predicts that it will have another new year and it will see benefits from new revenue streams.
SIRIUS XM Radio Inc. (NASDAQ:SIRI) does not need Mel Karmazin to succeed, according to Liberty Media Corp. Chief Executive Officer Greg Maffei, when speaking about speculation that his company intends to get rid of the satellite-radio carrier’s CEO. Maffei added that Karmazin has done a “great” job running Sirius, plenty of people could replace him, he stated at a Goldman Sachs Group Inc. conference in New York. Karmazin, whose contract ends Dec. 31, stated on Sept. 12 that his instincts told him that Liberty didn’t need him at Sirius.
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