Technology Business

Latest news from Hollywood is that India’s Reliance ADA Group is planning to buy DreamWorks, the company started by Steven Spielberg in 1994 and bought out by Viacom, owner of Paramount, in 2006. The deal is reported to be worth between $500m and $600m.

The PricewaterhouseCoopers Global Entertainment and Media Outlook predicts that consumers worldwide will spend $111.2bn on all forms of filmed entertainment in 2012. This is up 30% from 2007’s figure of $8.5bn.

Marshall Harmse, Urban Rhythm Factory’s senior sound engineer has won the Best Composition prize of the Master Hsing Yun Awards at the Sounds of the Human World International Musical Composition Quest 2008 held in Malaysia.

In the latest example of a video on demand service, American online DVD rental company Netflix three weeks ago launched a set top box that can stream movies directly to subscribers’ television sets. Priced at $99, the box quickly sold out.

All those wishing, hoping and praying for a resolution to the Screen Actors Guild of America (SAG) / Alliance of Motion Picture & Television Producers (AMPTP) negotiations by 30 June...

All those wishing, hoping and praying for a resolution to the Screen Actors Guild of America (SAG) / Alliance of Motion Picture & Television Producers (AMPTP) negotiations by 30 June, the date on which SAG’s current contract expires, were disheartened on 12 June by SAG President Alan Rosenberg’s admitting that a new deal was unlikely to be concluded by that date.

The June 2008 Industry Trends Survey of IABM members reports a notable change of sentiment amongst senior executives in the broadcast and media technology sector.

The weekly podcasts of the South African online production Earth-Touch have been nominated in the ARKive New Media Award category of the coveted Panda Awards, to be presented at the Wildscreen wildlife film festival in Bristol in October.

South African filmmakers Helena Noguiera (Ingrid Jonker: Her Lives & Time) and Junaid Ahmed (More Than Just a Game)...

A new movement is encouraging young filmmakers in South Africa to reignite their passion and to speak their minds by joining a collective known as Filmmaking Youth Taking Action (FYTA).