Former Telegraph MD leaves digital marketing firm
12.15pm: Hugo Drayton, the former managing director of the Telegraph Group, has parted company with digital marketing company Advertising.com. By Mark Sweney.
Pinewood profits dive as Hollywood shuns UK
10.30am: Pinewood Shepperton, the studios group chaired by BBC chairman Michael Grade, today reported a near 60% fall in operating profits as Hollywood studios desert the UK. By Dominic Timms.
Budget brings tax break for film makers
3.45pm: Pact, the independent producers' trade body, has today given a cautious welcome to a tax break scheme for British films, announced in the budget. By Ben Dowell.
Internet advertising spend hits £1.1bn
12.15pm: Spending on internet advertising in the UK increased by 73% last year, according to the latest figures. By David Connett.
Nintendo set to cash in as Sony’s game plan crumbles
The delay of the PlayStation 3 launch may be great for its rival, but Shigeru Miyamoto is trying not to admit it, writes Nick Mathiason.
McKenna’s Ingenious plans for television
Entrepreneur Patrick McKenna is aiming to create an alternative power base in the British TV and film industries with Hollywood-style talent agency.
Google to open ‘virtual supermarket’
Google is developing new product lines in response to fears that online advertising growth is stalling. By Anita Sethi.
Internet boosts UK ad spend
8am: Internet revenues drove up UK ad spend more than 5% last year, according to a leading media research company. By Chris Tryhorn.
Matsushita sells last stake in Universal
Matsushita's dalliance with Hollywood came to end yesterday when the Japanese electronics firm sold its remaining stake in Universal Studios in a deal worth $1.15bn (£646m). By David Teather.
Game console sales boost Sony as profit jumps 17%
Sony reported higher than expected rises in profits during the October to December quarter, thanks in part to strong sales of its game consoles and LCD TVs. By Justin McCurry in Tokyo.
Disney snaps up Pixar in $7.4bn deal
Walt Disney put animation back at the heart of its strategy when it announced the $7.4bn (£4.1bn) acquisition of Pixar, the company behind Finding Nemo and Toy Story last night. By Jane Martinson.
Meanwhile, company remains at loggerheads with US government
In marked contrast to its cooperative approach in China, Google currently finds itself in confrontation with the US justice department over the rights of its users. By Julian Borger in Washington.
Ailing Disney fishes for Pixar buyout
Walt Disney, which has been struggling to inject life back into its animation studio, is said to be in talks to acquire Pixar, the hit-making firm behind Finding Nemo, Toy Story and The Incredibles. By David Teather in New York.
Google expands with $1.2bn radio advertising deal
Google underscored its ambition to expand beyond its core internet-search business and into traditional media when it announced a deal to acquire a radio-advertising group for up to $1.2bn (£680m). by David Teather in New York.
Virgin Mobile in NTL talks over £961m bid
10.45am: Virgin Mobile today confirmed it was in 'preliminary discussions' with NTL following a revised £961m bid from the cable group for Richard Branson's publicly listed phone company. By Julia Day.