Business - Entertainment/Media

LOS ANGELES (Hollywood Reporter) - Like several of its competitors, Paramount is buying into the idea of ZillionTV, offering up content and taking an equity stake in the young VOD company. Full Story »

NEW YORK (Reuters) - General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said on Sunday. Full Story »

LOS ANGELES (Hollywood Reporter) - It was Black Friday at A&E Television Networks where 100 employees, 10% of the company's workforce, were laid off. Full Story »

LOS ANGELES (Reuters) - Joe Jackson, the elderly father of late pop star Michael Jackson, on Friday filed a court petition seeking an allowance from the singer's estate, saying his son had supported him for many years. Full Story »

NEW YORK (Reuters) - Target is offering its top 10 pre-order DVD movie titles at $10 and free home delivery on the discounted DVDs in a bid to match Wal-Mart Stores price cuts ahead of the all-important holiday season. Full Story »

LONDON (Reuters) - London-based record label EMI has won an injunction against music website BlueBeat.com which it said was selling Beatles songs without its permission. Full Story »

SAN FRANCISCO (Reuters) - Video game publisher Activision Blizzard Inc reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest "Guitar Hero" offering. Full Story »

LOS ANGELES (Reuters) - Oprah Winfrey has not yet made a decision on a possible move of her syndicated chat show -- one of the TV industry's biggest money makers -- to her new cable network OWN, her production company said on Thursday. Full Story »

NEW YORK (Reuters) - Scripps Networks Interactive Inc plans to buy a controlling stake in the Travel Channel under a deal with Cox Communications Inc that values the cable network at nearly $1 billion. Full Story »

LONDON (Reuters) - Britain's Competition Commission extended on Thursday its inquiry into the proposed merger between Live Nation Inc and Ticketmaster Inc, the two most powerful companies in the live music business. Full Story »

LONDON (Billboard) - The Beatles remasters are coming out on a limited-edition apple-shaped USB drive in time for Christmas, marking the first time the Fab Four's catalog has officially been sold as digital files separate from the CDs. Full Story »

COLOGNE, Germany (Hollywood Reporter) - Things are looking up for "30 Rock" in Germany, days after the series premiere of the Emmy-wining sitcom garnered a zero rating. Full Story »

CHICAGO (Reuters) - Walt Disney Co's sports complex in central Florida will be renamed in February after its ESPN unit, in a move to strengthen the well-known sports brand's ties with young athletes. Full Story »

NEW YORK (Reuters) - Scripps Networks is close to an agreement to acquire a majority stake in the Travel Channel from Cox Communications, the nation's third-largest cable company, the New York Times' DealBook blog reported on Wednesday. Full Story »

NEW YORK (Reuters) - News Corp and Time Warner Inc reported higher-than-expected quarterly profit as movie studios and cable network gains helped offset declines at their newspaper and magazine units. Full Story »

LOS ANGELES (Billboard) - The companion soundtrack to Michael Jackson's worldwide No. 1 movie claimed the top spot on the U.S. pop albums chart Wednesday with the fifth-best sales week this year. Full Story »

NEW YORK (Reuters) - Comcast Corp's quarterly profit rose a better-than-expected 22 percent, as it sold more phone and Internet subscriptions, helping to fight competition from phone and satellite companies. Full Story »

SHANGHAI/LOS ANGELES (Reuters) - The Walt Disney Co's breakthrough deal to build one of its signature theme parks in Shanghai marks a major advance for Western media and entertainment firms trying to crack a tough China market. Full Story »