Globe and Mail workers could be off the job by midnight Wednesday: union

Globe and Mail workers could be off the job by midnight Wednesday: union
TORONTO — A strike appears to be looming at the Globe and Mail. The union representing editorial, circulation and advertising sales workers at the Globe says they could be on strike by midnight Wednesday. Unifor says the 320 members are seeking pension protection and an end to what it says is a pay gap between male and female employees. They have been negotiating with the Globe... Read More

DHX Media Ltd. reports first-quarter loss, revenue up from year ago

DHX Media Ltd. reports first-quarter loss, revenue up from year ago
HALIFAX — DHX Media Ltd. reported a loss in its latest quarter compared with a profit a year ago as its revenue rose 5.5 per cent. The children’s entertainment company says it lost $2.4 million compared with a profit of $8.1 million a year ago, due to a larger non-controlling interest in Peanuts and a non-cash write-down in deferred financing charges. The loss... Read More

MTV acquires SnowGlobe Music Festival

MTV acquires SnowGlobe Music Festival
NEW YORK — MTV is expanding its live events business in the U.S. by acquiring the SnowGlobe Music Festival. The three-day New Year’s Eve festival takes place in South Lake Tahoe, California. This year’s lineup includes Above & Beyond, Diplo, Eric Prydz, Rezz and RL Grime headlining among more than 40 artists. SnowGlobe will also showcase extreme winter sports demonstrations.... Read More

DHX Media signs deal to sell Halifax animation studio, terms not disclosed

DHX Media signs deal to sell Halifax animation studio, terms not disclosed
HALIFAX — DHX Media Ltd. has signed a deal to sell its Halifax animation studio to IoM Media Ventures. Financial terms of the deal were not disclosed. DHX says the sale is part of its ongoing strategic shift to focus and streamline its production operations. The children’s entertainment company noted the sale does not include This Hour Has 22 Minutes,... Read More

Bell’s strong Q3 subscriber additions reflect BCE’s investment strategy: CEO

Bell’s strong Q3 subscriber additions reflect BCE’s investment strategy: CEO
BCE Inc.’s profit and revenue for the third quarter were better than expected Thursday as the parent of Bell Canada reaped benefits from years of heavy spending to build its telecommunications and media businesses. “The company actually enjoyed an excellent subscriber growth quarter across TV, internet and wireless,” BCE and Bell chief executive George Cope told analysts after the company results. The Montreal-based... Read More

Sony quarterly profit rises on games, financial services

Sony quarterly profit rises on games, financial services
TOKYO — Japanese electronics and entertainment company Sony Corp.’s net profit rose 32 per cent in the last quarter, helped by healthy video game sales and its financial services business, the company said Tuesday. Tokyo-based Sony’s profit totalled 173 billion yen ($1.5 billion) in July-September, up from 131 billion yen the year before. Quarterly sales totalled 2.18 trillion yen ($19.3... Read More

Cineplex testing paid Scene Gold loyalty program with extra benefits in Edmonton

Cineplex testing paid Scene Gold loyalty program with extra benefits in Edmonton
TORONTO — Cineplex Inc. will pilot a paid tier of its Scene loyalty program in a bid to offer more to consumers while bucking the subscription ticket models that have caught attention in the U.S. Dubbed Scene Gold, the program will give moviegoers access to priority concession lines, once-a-week free upgrades to premium screenings and no-cost upgrades on popcorn and drinks.... Read More

Netflix to borrow another $2B to pay its programming bills

Netflix to borrow another $2B to pay its programming bills
SAN FRANCISCO — Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of new subscribers during the past five years. The additional debt load announced Monday isn’t a surprise. Netflix needs more cash because it has been spending more money... Read More

Canadian hospitality company to buy Alaska ski resort

Canadian hospitality company to buy Alaska ski resort
ANCHORAGE, Alaska — A ski resort near Anchorage has agreed to sell its properties to a Canada-based hospitality company. Pomeroy Lodging has entered a contract to buy Alyeska Resort and Hotel Alyeska in Girdwood, the Anchorage Daily News reported Tuesday. Alyeska said it will “sell substantially all of its resort assets,” including the 300-room hotel and the popular Girdwood ski... Read More

Netflix assembles new US production hub in New Mexico

Netflix assembles new US production hub in New Mexico
ALBUQUERQUE, N.M. — Netflix has chosen New Mexico as the site of a new U.S. production hub and is in final negotiations to buy an existing multimillion-dollar studio complex on the edge of the state’s largest city, government and corporate leaders announced Monday. It’s the company’s first purchase of such a property, and upcoming production work in Albuquerque and at... Read More