Walt Disney Co
AMC warns of second-quarter earnings ‘weakness,’ with revenue and profit down
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%. The company blamed last year’s actors and writers […]
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‘Inside Out 2’ is now the highest-grossing animated movie of all time, surpassing ‘Frozen II’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar’s “Inside Out 2.” Disney | Pixar Disney is back on top at the box office. On Tuesday, “Inside Out 2” surpassed $1.46 billion in global ticket sales, making it the highest-grossing animated feature of all time, usurping another Disney title, “Frozen […]
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Warner Bros. Discovery tells NBA it intends to match Amazon’s media rights package
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner Bros. Discovery is targeting the deal between the NBC and Amazon Prime Video, according to a person familiar with the matter. “In an effort to […]
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Thousands of Disneyland workers vote to authorize a strike
People walk toward an entrance to Disneyland on April 24, 2023 in Anaheim, California. Mario Tama | Getty Images Four unions representing more than 14,000 workers at Disney’s theme parks and resort properties in Southern California announced late Friday that members have voted to authorize a strike, citing alleged unfair labor practices during contract negotiations. […]
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NBA sends media terms to Warner Bros. Discovery, officially starting five-day match period
Jaylen Brown, #7 of the Boston Celtics, shoots a three-point basket against the Dallas Mavericks during Game 5 of the 2024 NBA Finals at TD Garden in Boston on June 17, 2024. Nathaniel S. Butler | National Basketball Association | Getty Images With National Basketball Association media rights approaching final form, Warner Bros. Discovery is […]
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Penn lays off about 100 employees as it focuses on ESPNBet growth
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty Images Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational […]
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Media, tech titans head for Sun Valley with streaming alliances top of mind
A view of the Sun Valley Lodge in Sun Valley, Idaho. Drew Angerer | Getty Images Media and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances. Allen & Co.’s annual conference, often referred to as “summer camp for billionaires,” kicks […]
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Hollywood theater owners are worried a Paramount-Skydance merger will usher in too much consolidation
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images More consolidation, more problems — that’s the latest fear gripping the theatrical industry. After a monthslong negotiation process, Paramount and Skydance have struck a merger agreement. While the proposed union has been touted as perfect match by those […]
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‘One of the best strategies to invest in Asia’: Fund manager names 6 less than-the-radar stocks to get
Portfolio supervisor Richard Kaye is bullish on the Japanese industry and thinks it gives an possibility “a ton of people today do not identify.” “Japan is 1 of the finest approaches to devote in Asia simply because we have so a lot of providers in Japan which have big suppliers to China [in areas like] […]
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Disney heiress, rich Democratic donors say they would not finance the bash until Joe Biden drops out
U.S. President Joe Biden walks to provide remarks after the U.S. Supreme Court dominated on former U.S. President and Republican presidential candidate Donald Trump’s bid for immunity from federal prosecution for 2020 election subversion, at the White Dwelling in Washington, U.S., July 1, 2024. Elizabeth Frantz | Reuters President Joe Biden is going through an […]
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