Lombard Street In San Francisco

SINGAPORE (Reuters) - Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a fresh 5-1/2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month.

Liberty Global’s Chellomedia Up For Sale Liberty Global has put its TV channels unit on the block. The Wall Street Journal reports that John Malone’s international cable business is seeking for $800M-$1B for Chellomedia, which produces and distributes TV channels in a variety of genres including sports, movies and cooking to roughly 390 million households. The division’s reach in Latin America, Eastern Europe and elsewhere has growth potential and should draw suitors. Chellomedia’s revenue last year was $514 million, from sales to Liberty Global operators as well as third parties. HBO In Content Deal With Amedia In Russia HBO has inked a distribution deal with Russia’s Amedia, which produces TV series, telefilms and other programming. The 11-year-old company will offer HBO fare and other premium TV content from additional U.S. and international studios. The 5-year pact includes past and current seasons of HBO series and gives Amedia access to HBO’s future productions over the lifetime of the deal. ‘Crossing Lines’ To Open Monte Carlo Television Festival The Monte Carlo Television Festival has tapped crime procedural Crossing Lines as the premiere screening during the June 9 opening ceremony of its 53rd edition. Jointly commissioned by France’s TFI and Sony Pictures Television, the series stars William Fichtner, Marc Lavoine, Gabriella Pession, Tom Wlaschiha, Donald Sutherland and others. The series was ... Read More »