Tag: Entertainment Content

Nov 9 (Reuters) – Investors in Hollywood studios on Thursday cheered a tentative deal with actors that could help restart production of movies and shows halted by a series of strikes since spring.

Walt Disney shares were rising after the entertainment giant posted quarterly earnings that edged ahead of Wall Street’s estimates.

Nintendo said on Wednesday it plans to develop a live-action film of The Legend of Zelda, one of its most popular characters.

Warner Bros. Discovery  reported a wider-than-expected third-quarter loss, and a decline in television revenue amid Hollywood strikes and a difficult advertising market.

Shares in Take Two Interactive Software advanced on Wednesday following a report that the hotly anticipated next installment of the Grand Theft Auto videogame franchise may be announced this week. The company reports earnings later in the day.

Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday as it continues to get a bump from the “Super Mario Bros. Movie” and flagship Zelda game released this year.

Nov 6 (Reuters) – Hipgnosis Songs Fund Ltd which had been undertaking a review of its financial position, said on Monday it would not declare dividends before its new fiscal year starting April 1 to save cash.

Walt Disney on Wednesday said that Comcast has exercised its right to sell its one-third stake in the streaming service to Disney, which holds the other two thirds.

BENGALURU, Oct 23 (Reuters) – Disney (DIS.N) is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries (RELI.NS), its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.

Netflix shares rose nearly 14% in premarket trade early Wednesday after its third-quarter results beat expectations.

PARIS, Oct 16 (Reuters) – Indebted French supermarket chain Casino (CASP.PA) said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito (IMI.CN) to Grupo Calleja.

Media stocks fell on Thursday after talks between the union representing film and television actors and the studios fell apart, signaling to Wall Street that there’s no end in sight for the Hollywood actors strike.

Nelson Peltz’s Trian Fund Management has increased its stake in Disney  and the activist investor is expected to request multiple board seats, including for himself, the Wall Street Journal reported on Sunday.

Shares of Netflix NFLX –1.44% and Walt Disney were rising Wednesday after Hollywood writers agreed to a deal to end their strike.

LOS ANGELES, Sept 24 (Reuters) – Hollywood’s writers union reached a preliminary labor agreement with major studios on Sunday, a deal expected to end one of two strikes that have halted most film and television production and cost the California economy billions.

Hipgnosis Songs Fund is planning to sell 29 catalogues to Hipgnosis Songs Capital for $440 million and a portfolio of non-core songs for $25 million to fund a share buyback program and reduce debt, as part of a plan to boost its share price.

Disney hasn’t yet decided what it will do with ABC and other traditional broadcast television channels, a spokesman said.

Meta Platforms is positioning itself to be an even more competitive player in the artificial intelligence space, with news of its ambitions in one of the fastest-growing sectors of tech helping buoy shares in the company on Monday.

Charter Communications  wants Walt Disney to rethink the cable bundle. Disney is perfectly happy with how things are currently, thank you very much. An unstoppable force has met an immovable object—and Disney stock is paying the price. Not much has changed for our stock pick, however. Disney stock still looks too beaten up to ignore.

Warner Bros Discovery (WBD.O) on Tuesday lowered its annual core profit forecast, as it expects the hit from the Hollywood actors and writers strikes to drag until the end of the year.