LOS ANGELES, June 30 (Reuters) – Viacom’s Paramount Pictures studio wants to merge its home entertainment division with a rival and is in advanced talks to do so with Sony Pictures and News Corp’s Fox, the Financial Times reported on Tuesday. The move, which could herald a wave of consolidation in Hollywood, comes as major studios try to cut back on expenses while grappling with a DVD sales …
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This entry was posted on July 1, 2009 at 7:00 am and is filed under News.