Tag: Entertainment Content

Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15 years.

Paramount Global shares dropped 7.8% late in Tuesday’s regular trading session and continued falling after hours on reports that Shari Redstone’s National Amusements, majority owner of the media company, had called off discussions about a possible deal with Skydance Media.

Skydance Media’s revised offer to buy Shari Redstone’s family company National Amusements and merge with Paramount Global gives the entertainment conglomerate’s nonvoting shareholders an option to cash out at a premium, according to people familiar with the matter.

Walt Disney has one less activist investor to deal with. Trian Partners’ Nelson Peltz has sold his entire stake in the entertainment giant, according to a person familiar with the matter.

Take-Two Interactive Software  tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of “Grand Theft Auto VI” in the fall of calendar 2025.

Tencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming business and improved profitability at its advertising and business services division.

China’s Tencent Music Entertainment Group, beat first-quarter revenue estimates on Monday, helped by steady growth in paid subscriptions and advertising services on its Spotify-like music streaming platform.

Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.

Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines despite strength in its streaming unit.

Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday amid a broader spending slowdown in the gaming industry due to an uncertain economic outlook.

Nintendo on Tuesday said it will announce the successor to its flagship Switch this fiscal year, after the company forecast a sharp drop in profit as it predicts fewer sales of its ageing console.

Disney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses. Revenue was in line with expectations.

Universal Music Group  on Thursday reported first-quarter earnings that comfortably beat expectations, helped by the record-breaking success of its star act Taylor Swift.

Universal Music Group, the record label for top music artists including Taylor Swift and Drake, struck a new licensing agreement with TikTok, putting an end to a spat between the two companies.

Paramount Global’s board is preparing to fire Chief Executive Officer Bob Bakish as soon as Monday morning, according to people familiar with the matter.

Spotify Technology shares were rising early on Tuesday after the music-streaming company beat expectations for its first-quarter profit, despite slightly slower user growth than forecast.

Tencent Holdings Ltd. shares staged their biggest rally since December after China’s biggest internet firm nailed down an earlier-than-anticipated debut of one of the year’s most eagerly-awaited mobile games.

 Shares of Paramount Global rose more than 9% in premarket trade on Friday, after Reuters reported Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the media company.

Netflix beat quarterly earnings and revenue estimates.

Shares of the FTSE 250 constituent were 31% higher at 8:30 a.m. U.K. time Thursday.