Movies
AMC’s meme stock windfall may help it pay down a massive debt load
Cars drive near an AMC Theatre on March 29, 2023 in New York City. Leonardo Munoz | View Press | Corbis News | Getty Images Can AMC Entertainment capitalize on a second meme craze? The stock, alongside GameStop, surged this week after “Roaring Kitty,” the man who inspired the massive short squeeze of 2021, posted […]
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Summer box office bust? This season’s movie slate could put up the lowest haul in decades
Ryan Gosling stars in Universal’s “The Fall Guy.” Universal For the first time since 2009, the box office doesn’t have a Marvel film to kick off the summer movie season — and it shows. Since the 2008 release of “Iron Man,” Marvel Cinematic Universe films have consistently launched this highly lucrative moviegoing season, with only […]
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Star Wars was the first Lego license — 25 years later, it’s stronger than ever
Star Wars Lego models are seen at the Bricks & Figs museum in Krakow, Poland, on April 15, 2023. Anadolu | Anadolu | Getty Images If you are a Star Wars fan, Jens Kronvold Frederiksen may have crafted your childhood. A design director at the Denmark-based Lego company, he has spent the past 25 years creating […]
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Netflix is set to report earnings – here’s what Wall Street expects
Rafael Enrique | Lightrocket | Getty Images LOS ANGELES — Netflix is due to report first-quarter earnings after the closing bell Thursday. The company’s performance has been an anomaly in the streaming realm. While competitors struggle to turn profits, Netflix saw a 12% bump in revenue last year as its paid memberships grew again. Here’s […]
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StubHub eyes summer IPO, seeks $16.5 billion valuation
The StubHub logo can be seen at the headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was […]
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Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way
Visitors wearing emblematic Mickey Mouse and Minnie Mouse ears walk in front of the Sleeping Beauty-inspired castle at Disneyland Paris, Oct. 16, 2023. Ian Langsdon | Afp | Getty Images Three years ago, Josh D’Amaro stood in a nearly empty Disneyland. The California theme park’s Main Street was quiet: no cheery tunes from famed barbershop quartet […]
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'Mandalorian & Grogu,' 'Toy Story 5' and another 'Tron' coming to theaters from Disney
The Mandalorian and the Child on Disney+’s “The Mandalorian.” Disney The Walt Disney Company‘s new theatrical slate unveiled Friday will feature the dynamic duo of the Mandalorian and Grogu, a fifth “Toy Story” film and another “Tron” flick before the end of 2026. The company’s theatrical business has struggled in the wake of pandemic shutdowns […]
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Disney's Iger says Peltz proxy battle was a 'distraction,' board is focused on picking his successor
Nelson Peltz’s proxy battle was a “distraction,” and Disney can now focus on trying to turn a streaming profit and planning succession, its CEO Bob Iger said on CNBC’s “Squawk on the Street” on Thursday, just one day after handing a stinging defeat to the activist investor. “One of the things that I feel great […]
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Disney's cinematic drought may have opened a door for activist investor Peltz
Harrison Ford returns as Indiana Jones in “Indiana Jones and the Dial of Destiny.” Disney Disney has struggled to return to the lofty box office records of 2019 — and that may have helped open the door for its recent troubles with activist Nelson Peltz. Just four years ago, the studio had seven billion-dollar films, […]
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Why streamers are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable. Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants […]
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