Rome's second film festival opens today and brings a bit of Hollywood glamour to the ancient city. Rome correspondent Megan Williams tells Doug Krizner the event is the first in decades to bring in modern culture.

Video website Vimeo may not match YouTube in users, but it's promising viewers something its rival doesn't have on the menu: high-definition content. Jill Barshay reports.

In response to poor ratings, television networks in Italy are no longer buying reality TV shows. Scott Jagow talks to Megan Williams in Rome about what made Italians lose interest.

The word "corruption" is popular slang used among Chinese youth to invite someone out to eat. But some cultural critics think the word is too close to the truth. Scott Tong has more.

Fox News positioned itself as the cable news antidote to the "liberal" CNN. Now it's trying to work that same magic against CNBC with a new business news channel. Media critic Tim Rutten talks about Roger Ailes' next big move.

Another sign of the apocalypse for the music business: Madonna is leaving her longtime record company, Warner Brothers Records, for a concert promoter. Alisa Roth explains why there's no greater power than the power of goodbye.

Nintendo says it's worried there won't be enough Wii game consoles around this holiday season. Analysts say the company may be bluffing to boost demand, but Jeremy Hobson reports scarcity might help their competition.

The entertainment industry is concerned over a potential drop in DVD sales. But Steve Tripoli reports that the problem may be the format's lack of growth.

With profits waning across the board for album sales, musicians — particularly the older ones — know that the money is on the road. Doug Krizner talks to Variety managing editor Stuart Levine about the decades-old artists still touring.

A woman was fined $220,000 yesterday in the first trial against illegal online music sharing. Lisa Napoli looks into whether the verdict will have an effect on future piracy.