Diller steps in to run newly spun-off Universal Entertainment

Vivendi Universal Entertainment chairman Barry Diller has been named interim co-chief executive officer of an expanded entertainment division, loosely called Universal Entertainment. The music and highly lucrative video game divisions join Vivendi Universal Entertainment's film, television and theme park assets under one roof in a move analysts say will create cohesion and sets the scene for a possible public offering in the first half of next year.