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Eminem to Host '8 Mile' DVD Release Party Mar 13, 8:55 AM EST A party in honor of the DVD release of "8 Mile" wouldn't be complete without an appearance from Eminem â€â€? and rap battling The winner will be awarded the opportunity to record a demo tape at the Record Plant Recording Studios in Hollywood, Calif The winners from each market are being flown to Detroit to attend the party and will face off in a national rap battle hosted by Phifer and Proof from D12 Hip-hop artists D12 and Xzibit are slated to perform On Thursday, Slim Shady himself is hosting the "8 Mile DVD Launch Party" at St The DVD of the 2002 hip-hop drama starring Eminem, Kim Basinger, Mekhi Phifer and Brittany Murphy will be released Tuesday Leading up to the event, radio stations around the nation have been holding freestyle rap battle contests Andrews Hall in Detroit America Online is also expected to discuss efforts to make its content more unique, so that consumers have a reason to choose its service over competitors Investors Anxiously Await AOL Plan Dec 3, 8:26 AM EST NEW YORK (AP) â€â€? After months of anxiety and speculation, AOL Time Warner investors hope to get some assurance on Tuesday that better times are ahead for the company's troubled online division com and other e-commerce operations, and many expect him to push similar initiatives at America Online America Online offers broadband, but its product is pricier than others, and many investors are concerned the company is losing ground First, that America Online is only one part of AOL Time Warner, which continues to do well in its movie, music and other divisions Wall Street will also hear for the first time from Jon Miller, the company's new chief executive The bulk of America Online's members access the Internet via dial-up connections, but the growth prospects for that market is slowing as Internet users switch to broadband performance , who expects cost-cutting and pullbacks in areas like marketing expenses to accomplish those goals "I'm expecting them to lay out a plan that might take three to four quarters to execute, and that at least initially will stabilize the business and get it back on the growth track for 2004," said Michael Gallant, an analyst at CIBC World Markets Corp They say the company's bigger priority will likely be convincing investors that America Online is capable of making money in an environment where advertising and new subscribers are no longer reliable profit drivers , another AOL Time Warner unit, about making Time's magazine content available exclusively on America Online, rather than the entire Internet America Online executives are scheduled to brief Wall Street on their plans, the first major, strategic update since news this summer the Justice Department and Securities and Exchange Commission were investigating the division's accounting practices "America Online went from being the crown jewel of this company to the albatross Miller, who was hired in August following a management shake-up, has had some contact with the investment community but so far offered few specifics " Analysts expect the update to focus on two messages Miller, in his previous job at USA Interactive, oversaw Expedia And, second, that America Online is focusing on profitability, rather than costly growth strategies of questionable value â€â€? such as bombarding mailboxes with computer disks containing its products Although the accounting issue is likely to be discussed, many on Wall Street feel that problem is already reflected in AOL Time Warner's stock price The stock is currently trading at more than $16 per share, after starting the year above $30 and then dipping below $10 And Miller's mission is to turn that around That topic is likely to come up Tuesday, as well as questions about the profitability and viability of America Online's business model The division is reportedly negotiating with Time Inc "This is the first opportunity for the new management at AOL to talk about their plans and that's going to be important," said Phi Leigh, digital media analyst at Raymond James & Associates E-commerce is another possible source of profits In particular, analysts want to hear what America Online is doing to expand its high-speed, or broadband, business |
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