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Syfy Films is a new film company that is the result of a partnership between Syfy cable television network and Universal Pictures. It plans to make low-cost science fiction, horror and fantasy films. Universal will commence distribution in 2012.

Fiji Water LLC, an American bottled-water company, had earlier closed its operation in Fiji and laid off 400 workers in response to heavy taxes introduced by the island's military government on companies exporting water from the country. Now, the company has reopened its plant after meeting with government officials and agreeing to the tax increase. Fiji Water is the only company affected by the tax.

The new 'Harry Potter' film, Harry Potter and the Deathly Hallows: Part I. has not even been released yet the first 36 minutes of the film were circulating on Internet file-sharing sites such as thePirateBay.org and IsoHunt.com. Warner Brothers Entertainment Inc., the producers of the film, are investigating.

TPG Capital, the private equity company, has acquired a 35% holding in Creative Artists Agency Inc. for about $165 million. It has also made arrangements for extra financing from Bank of America Corp. of $200 million.

Spyglass Entertainment is close to an arrangement which will see it control Metro-Goldwyn-Mayer Inc. MGM is working on the restructuring of a debt load of about $4 billion. As part of the deal, Spyglass will combine older parts of its film library with that of MGM.

Rick Norsigian, a 64-year-old house painter in Fresno, California, paid some $45 for a set of 65 glass photographic negatives some ten years ago at a garage sale. An expert appraiser and handwriting analysts have identified the negatives as the work of famed landscape photographer Ansel Adams. If authentic, they could be worth as much as $200 million, but some claim they are not authentic, including an heir who curates the work of Adams.

The Weinstein Co. pulled out of talks to acquire Miramax Film Corp., leaving Walt Disney Co. to deal with interest from billionaires Tom and Alec Gores, who are also looking to acquire Starz Media L.L.C. from Liberty Media Corp.