Media
Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board. Peltz spoke on CNBC’s “Squawk on the Street” on Thursday, making his case for the fight his firm has picked with Disney, raising issues with Disney’s $71 billion acquisition of Fox in 2019 and […]
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JPMorgan upgrades Cinemark, says now is the time to buy after a recent sell-off and ‘Avatar’ success
A sell-off in Cinemark coupled with the success of the latest installment in the “Avatar” franchise makes now a great time for investors to snap up the stock, according to JPMorgan. JPMorgan upgraded Cinemark to overweight from neutral and kept its $15 price target, which implies a more than 57% upside from where the stock […]
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Assassin’s Creed maker Ubisoft sinks to extra than seven-12 months very low right after slashing assistance, cancelling video games
In this photo illustration, the Ubisoft video clip sport corporation brand found exhibited on a smartphone. Igor Golovniov | SOPA Visuals | LightRocket by using Getty Illustrations or photos Ubisoft shares plunged 21% on Thursday after the French online video sport maker reduced profits direction, cancelled a few titles and pushed again the release of its […]
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DirecTV lays off hundreds of managers as cord cutting accelerates
A DirecTV technician at an apartment building in Lynwood, Calif. Patrick T. Fallon | Bloomberg | Getty Images DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the company looks to reduce costs amid the heightened pain of cord cutting for pay-TV providers, according to people familiar with […]
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Disney to make Nike’s Mark Parker chairman as it opposes activist investor Peltz’s push to join board
Mark Parker Chris Ratcliffe | Bloomberg | Getty Images The Walt Disney Company has named Mark Parker, the executive chairman of Nike, its new chairman of the board, while also announcing it is opposing activist investor Nelson Peltz’s attempt to join the board. Parker will succeed Susan Arnold, whose 15-year term limit comes to an […]
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Ubisoft cancels 3 video games and slashes targets, citing ‘worsening macroeconomic conditions’
Tencent has amplified its stake in French video games maker Ubisoft, the firm at the rear of common franchises like Assassin’s Creed. But analysts said this has correctly shut the door on a full takeover of the corporation. Rafael Henrique | Sopa Illustrations or photos | Lightrocket | Getty Photos Ubisoft canceled 3 unannounced games […]
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Netflix will air SAG Awards in another step into live broadcasting
Aaronp | Bauer-Griffin | GC Images | Getty Images Netflix will exclusively air this year’s Screen Actors Guild Awards show in its first partnership with an awards show and its next step into live broadcasting. The SAG Awards, which will take place Feb. 26, will air live on Netflix’s YouTube channel, but not the streamer’s […]
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Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairman
LAS VEGAS, NEVADA – JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Jeff Bottari | Ufc | Getty Images Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as […]
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Judge orders unsealing of aspect of Trump deposition in E. Jean Carroll rape defamation accommodate
E. Jean Carroll is observed outside State Supreme Court on March 4, 2020, in New York. Caroll is suing Donald Trump for defamation. Alec Tabak for New York Every day Information | Getty Photographs A New York federal judge on Monday purchased the unsealing of approximately a few dozen webpages of a deposition from former […]
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Vince McMahon is back at WWE to ensure a smooth sale process. Here’s who might want to buy it
World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images Vince McMahon has returned to the World Wrestling Entertainment board of directors to facilitate potential sale talks ahead of the company’s […]
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