Tom Cruise and producing partner Paula Wagner have been put in charge of United Artists, a film studio formed by Hollywood actors including Charlie Chaplin and Mary Pickford.

Sylvester Stallone has spoken about reprising his role of boxing champion Rocky Balboa in the sixth film of the series, called Rocky Balboa.

SYLVESTER STALLONE is signing on to reprise his role as boxer Rocky Balboa.

A Welshman was today appointed chairman of Sony, marking the first time a foreigner will head a major Japanese electronics firm and comes as the company seeks to improve results at its faltering core electronics business.

Optimism that the embattled technology sector was due for a recovery sent US stocks modestly higher on Wall Street today despite a new revenue warning from semiconductor company Broadcom.

Sony is staying tight-lipped over reports that Time Warner is bidding for Metro-Goldwyn-Mayer, according to hemscott.com.

A bidding war has broken out for Metro-Goldwyn-Mayer, with Time Warner making a nearly €4.5bn offer for the venerable Hollywood studio, according to newspaper reports.

Actor Sylvester Stallone has sued Metro-Goldwyn-Mayer and a production company, claiming they thwarted his efforts to make a sequel and Broadway musical based on the Rocky film franchise.

Bingham Ray has resigned as president of United Artists, the speciality films division of Metro-Goldwyn-Mayer, the company said.

CINEMA-LOVERS are to benefit from a decision by five major Hollywood studios to launch a service that will allow movie fans to legally download films over the internet.

Fans of Rocky will once again be able to take ringside seats and watch their hero box, following a deal announced today by computer group Rage Software.