Justin Timberlake

Robots made fireworks at the box office this weekend, as "Transformers: Dark of the Moon" scored the biggest holiday blockbuster take on its opening weekend.

LOS ANGELES (Reuters) - As it turns out, Justin Timberlake's role as Napster founder Sean Parker in "The Social Network" was a wink and nod to the celebrity's little publicized role in driving Silicon Valley start-ups.

NEW YORK (Reuters) - News Corp has sold Myspace for $35 million, a fraction of what it paid for the once-hot social media site even as a new generation of Web-based start-ups is enjoying sky-high valuations.

NEW YORK (Reuters) - News Corp has sold Myspace for $35 million, a fraction of what it paid for the once-hot social media site even as a new generation of Web-based start-ups is enjoying sky-high valuations.

LOS ANGELES (Reuters) - "Cars 2," a Pixar sequel judged by critics to be the worst movie produced by the Disney-owned animation studio, sped to the front of the pack at the weekend box office in North America.

Two young hackers were convicted in Germany Thursday of stealing new songs from stars such as Lady Gaga and Mariah Carey and offering them for sale on the Internet, a court said.

LOS ANGELES (Reuters) - Viewership for the MTV Movie Awards dropped for the second year as the show once again offered a raw mix of A-list celebrities and X-rated humor.

STOCKHOLM/HELSINKI (Reuters) - Japan's Sony needs to assert control over Sony Ericsson if the handset joint venture is to recoup market share and relevance in the cut-throat world of mobile devices.

LOS ANGELES (Reuters) - It's looking to be another summer of superheroes and sequels as Hollywood unleashes a barrage of pictures aimed at their core audience of young men.

It wasn't a surprise to our Twitter followers when the official announcement was made Monday that Elton John is returning for a three-year run at the Colosseum at Caesars Palace. His new "The Million Dollar Piano" starts Sept. 28, with the first 16 performances through Oct. 23. Tickets go on sale Monday. Future dates will be announced later.

LOS ANGELES (Reuters) - Actress Catherine Zeta-Jones has been treated for bipolar disorder after the stress of husband Michael Douglas's battle with advanced throat cancer, her representative said on Wednesday.

LOS ANGELES (Reuters) - Technology entrepreneur Sean Parker, a co-founder of Napster and the founding president of Facebook, has become engaged, his spokesman said on Monday.

LOS ANGELES (Reuters) - They came, they saw, they got slimed!

LONDON (Reuters) - The world's four leading record labels have lent hit tracks to an album released on Friday to raise funds for the Japanese Red Cross Society following this month's earthquake and tsunami.

LOS ANGELES (Billboard) - Anoop Desai may not have won Season 8 of "American Idol," but the up-and-coming pop/R&B artist is set to prove himself a champion with his new "Zero" series.

LOS ANGELES (Hollywood Reporter) - It's official. Barry Weiss has been named Chairman & CEO of Island Def Jam and Universal Motown Republic Group. The appointment comes on the heels of Antonio "L.A." Reid's departure from IDJ, which was announced today. According to sources, Reid is headed to Simon Cowell's 'The X Factor,' where he will serve as judge.

Johnny Depp has been crowned "hat person of the year," beating out other celebrity hat-wearers including US singer Gwen Stefani and Australian actor Hugh Jackman, the US Headwear Association said Tuesday.

21:58 PST: What the commentators will be talking about: Was the show-all, tell-all nature of this year's Oscars too much, with all its live streaming and online interactivity? Did it reduce what little element of surprise was left? What mystery is left when you can get an App to watch blurry footage of the after parties?

LOS ANGELES (Reuters) - Oscar organizers tried something unprecedented in the awards' 83-year history on Sunday -- entrusting a young, attractive pair of Hollywood stars to host the film industry's highest honors.

2011 PST: Hathaway and Franco are back, still in the same clothes. They welcome Jeff Bridges, last year's best actor Oscar winner and a nominee this year, who introduces the best actress nominees: Annette Bening for The Kids Are All Right, Nicole Kidman for Rabbit Hole, Jennifer Lawrence for Winter's Bone, Natalie Portman for Black Swan and Michelle Williams for Blue Valentine. Bridges addresses each actress in the audience personally and praises their work. Then he announces the winner - and it's Natalie Portman!