Warner Brothers

Time Warner (NYSE: TWX) has increased its stake in Eidos' Lara Croft game maker SCi Entertainment, which last week renamed to Eidos Plc, as bidders continue to hover over the ailing studio. Time Warner increased its holding from 42.5 million to 52.5 million shares, or 19.92 percent of the outfit. Time Warner originally bought a 10 percent stake in 2006 for about $87.5 million.

From Tribune's Chapter 11 filing, some of the media-related creditors Tribune owns money to, besides the big banks:

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And, as usual, our latest jobs in the industry:

Online Media Daily: Warner Bros. Exec Sutton Joins WebMD

Now it's Hollywood's turn to feel the financial crunch, and it comes in the form of an even deeper slump in DVD sales. Stats compiled from studios themselves and independent media tracking services reflect a downward trend, NYT (FRB: 066570) reports. And it has insiders like Amir Malin, a partner at media-focused investment firm Qualia Capital, on edge: "Every studio is claiming, 'We're O.K. so far,' but we've looked at the overall competitive sales data and we have some concerns."

The news that Jerry Yang would be stepping aside as CEO of Yahoo (NSDQ: YHOO) cheered investors, but online ad industry execs aren't sure much has changed. And while shareholders would be thrilled by a Microsoft (NSDQ: MSFT) takeover, advertisers and publishers can't tell if that will ultimately prove positive either.

Latest top jobs in the industry:

Back in October we noted that Time Warner-owned Warner Bros. was still hopeful of reclaiming some lost ground in the broadband-rich-but-piracy-ridden Korean movie market by releasing films on demand two weeks before their DVD release, and this despite Sony, Paramount, Universal, Buena Vista and 20th Century Fox having shuttered domestic operations due to lagging sales.

Social media studio SpectrumDNA has acquired Revyver, a Seattle-based digital design firm. Terms of the deal were not disclosed, but Revyver will operate as the studio's subsidiary. SpectrumDNA was founded in 2006 by former Warner Bros. exec Jim Banister, and develops white-label and branded "enginets" (or custom Websites, applications and widgets) like Addictionary.

Machinima.com, the Los Angeles-based online gaming site focusing on the Machinima genre, has received $3.85 million in capital from MK Capital and other private investors. The company's site allows users to showcase their machinima video, and says it serves about 30 million videos views per month. It has advertisers such as EA, HP, Intel (NSDQ: INTC), Sega, Universal Studios, Warner Bros and others.