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Starz could turn into an ‘acquisition machine’ after Lionsgate spins it off
Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. A deal […]
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Movies have momentum headed into the second half of 2022, if inflation doesn’t spoil it
“Top Gun: Maverick” rocketed to $1 billion at the global box office over the weekend, setting a new career milestone for star Tom Cruise and signaling some momentum for the domestic box office as it heads into the second half of the year. The Paramount and Skydance film is the second feature to reach the […]
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Sony looks beyond the PlayStation 5 with its own brand of PC gaming gear
Sony’s new PC gear will help it expand its reach in gaming beyond PlayStation. Sony Sony is launching its own range of gaming-focused computer monitors and headsets, hoping to tap into the lucrative high-end PC gaming market as it looks beyond its main PlayStation console brand. Called Inzone, Sony’s PC gaming lineup features two monitors. […]
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Asia-Pacific markets set to rise after largest Fed rate hike since 1994
SINGAPORE — Asia-Pacific markets rallied on Thursday, tracking U.S. stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Japan’s Nikkei 225’s rose nearly 2% after markets opened and it was a sea of green among the automakers and tech stocks. Sony […]
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Latest Shanghai quarantines add more pressure to global supply chain
Staff members of China Post unload parcels of daily necessities for residents quarantined at home from a minivan on May 14, 2022 in Shanghai, China. Tian Yuhao | China News Service | Getty Images The mass quarantine measures imposed this past weekend in Shanghai, including highway closures, severely affected trucks carrying exports bound for the […]
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The race toward a new computing technology is heating up — and Asia is jumping on the trend
A quantum computer in a vibration-free building. Quantum computing will ultimately speed up the computational power that drives many industries and could affect everything from drug discovery to how data is secured. Oliver Berg | Picture Alliance | Getty Images Quantum computing was already gathering pace in Japan and elsewhere in Asia when the University […]
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Nintendo announces surprise 10-for-1 stock split; expects Switch sales to fall 9%
Nintendo announced a 10-for-1 stock split on Tuesday as the Japanese gaming giant aims to make its shares more appealing to retail investors. Shareholders have been calling for a stock split for some time to boost the liquidity of the gaming giant’s shares. The move will take effect on Oct. 1 this year, when each […]
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Chinese tech giant NetEase launches first gaming studio in U.S. in international push
NetEase’s U.S. game studio called Jackalope Games highlights the Chinese tech giant’s aggressive interntational push as the domestic game market faces headwinds. Xing Yun | Costfoto | Future Publishing | Getty Images Chinese gaming giant NetEase has launched its first fully-owned gaming studio in the U.S. as it ramps up international expansion against the backdrop […]
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‘We do crazy stuff’: How cinemas are going beyond studio marketing to lure moviegoers back
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images “If you build it, they will come.” Universal’s president of domestic theatrical distribution borrowed the iconic line from “Field of Dreams” during the studios slate presentation at CinemaCon […]
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Retail and consumer IPOs, deals tail off as more businesses set their sights on 2023
People shop at a grocery store in Monterey Park, California, on April 12, 2022. Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making in the consumer and retail sectors so far this year. The total number of consumer […]
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