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Earnings Preview: News 3Q profit, sales seen down

News Corp., the owner of the 20th Century Fox movie studio, Fox News Channel and The Wall Street Journal, will report its third-quarter earnings after the stock markets close Wednesday. Full story

Pinewood backs sweetened offer from Peel

Pinewood Shepperton PLC, the owner of film studios behind the "James Bond" and "Harry Potter" movies, has backed an improved takeover offer from a major shareholder — snubbing potential interest from former Harrods owner Mohamed Al Fayed. Full story

DreamWorks Animation 1Q net income falls

Movie studio DreamWorks Animation SKG Inc. on Tuesday said its net income fell in the first quarter, which lacked a theatrical movie release. Full story

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Movie studios sue Zediva over movie streaming Full story

Florida school first to have motion picture studio

   NBC’s Jamie Gangel visited G-Star School of the Arts in West Palm Beach, Fla., the first in the world to have a working motion picture studio on campus, allowing students to make commercials and movies and to work with rock stars.

Warner Bros to rent 5 more movies on Facebook

U.S. film studio Warner Brothers said it would offer five additional movies for rent on social networking website Facebook, a further sign of intensifying competition in renting out movies on the Internet. Full story

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  Icahn Loses Lionsgate Fight

Shares of Lionsgate were down sharply Tuesday after none of activist investor Carl Icahn's five proposed directors were elected to the film studio's board. CNBC's Julia Boorstin has the details.

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NEW YORK, NY - APRIL 21: (L-R) Host Allison Hagendorf and Bow Wow pose for photos during the Top 20 Countdown at fuse Studios on April 21, 2011 in New York City.