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Although a final decision has not been made, Fiji Water said it is considering closing operations on Fiji because of a huge tax increase imposed by the island's military government.

Spyglass Entertainment will take over Metro-Goldwyn-Mayer Inc. after MGM finishes restructuring its $4-billion debt with creditors. The reorganized film studio would be valued at about $1.9 billion.

Film studio The Weinstein Co. has reached a debt-restructuring agreement with Goldman Sachs Group and Assured Guaranty Ltd., which insured some of the company's debt. Under the terms of the deal, revenue from 250 Weinstein films will be handed over to creditors until the $335 million debt is paid off.

It is reported that Walt Disney Co. is holding exclusive talks to sell Miramax Films to film studio Weinstein Co. for about $600 million. An announcement is expected as early as Tuesday.

Walt Disney Co. has agreed to acquire Marvel Entertainment Inc. for $4 billion, or about $50 per each Marvel share. Marvel shareholders will receive $30 in cash per share and about 0.745 Disney share for each Marvel share. Article discusses the companies' recent earnings, and the integration of their operations.

Filmmaker Steven Spielberg and business partner Stacey Snider have procured $825 million in funding for their new film company DreamWorks Studios which aims to make up to 21 movies over the next four years. The studio, a joint venture between DreamWorks and Indian conglomerate Reliance ADA Group, will receive $325 million from each J.P. Morgan Chase and Reliance, and $175 million from Walt Disney Co.

Byline: ANDREW LAVALLEE AND LAUREN A.E. SCHUKER ADVERTISING Burger King's 'Kingons' join forces with Viacom in summer battle for moviegoers WALL STREET JOURNAL STAFF Burger King BKC-N Holdings has landed [...]

Byline: LAUREN A.E. SCHUKER ENTERTAINMENT Star power dims as Hollywood claws back big payouts WALL STREET JOURNAL STAFF Hollywood, needing to cut costs in lean times, is starting to say [...]

Byline: LAUREN A.E. SCHUKER Steven Spielberg's struggle to raise $325-million (U.S.) of debt for his new studio, DreamWorks SKG, illustrates the troubles Hollywood is having as it tries to finance [...]

In an effort to cut costs, film studio Warner Bros. Entertainment will reduce its global workforce by 10%, 800 jobs, affecting all corporate divisions and levels. Warner Bros. Entertainment recently reported a 9% third-quarter revenue drop to $2.9 billion.

Byline: LAUREN A.E. SCHUKER; WALL STREET JOURNAL STAFF While strong holiday box-office results at the movies bucked the recession, the year that wrapped was a mediocre one in ticket sales. [...]

In the aftermath of film director and executive Steven Spielberg's departure from film-distribution company Paramount Pictures, the company has agreed to distribute four new movies produced by Marvel Studios. The deal may also include a fifth film. Paramount has agreed to collect slightly lower fees at about 8% of revenue.

Byline: LAUREN A.E. SCHUKER Viacom Inc.'s Paramount Pictures will test whether comic book superheroes can make up for the loss of superstar director Steven Spielberg. Paramount announced an agreement yesterday [...]

Byline: PETER SANDERS AND LAUREN A.E. SCHUKER Who is calling the shots at United Artists? That is the $500-million question for MGM Studios. MGM owns two thirds of the historic [...]

Health-care corporation Fresenius SE announces it will acquire APP Pharmaceuticals Inc. for $3.7 billion or $23 per share including the assumption of $940 million in debt. Article discusses the details of the agreement, and Fresenius's and APP's recent reported sales, financial standing, and stock value.

Byline: LAUREN A.E. SCHUKER; WALL STREET JOURNAL STAFF American collectors looking to show off their riches used to donate their art to a museum. Now many are building their own [...]

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.

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.