Tag: Entertainment Content

AMC Networks Inc.’s stock rose 2% premarket Friday, after the network that’s home to “The Walking Dead” franchise beat profit estimates for the second quarter by a wide margin, offsetting a revenue miss.

Nintendo
reported a surge in revenue and operating profit for the June quarter boosted by the success of the “Super Mario Bros. Movie” and the the popularity of its latest Zelda game for the Switch console.

Hasbro Inc. stock was up 2.5% in premarket trades after the toymaker beat its revenue target but missed on adjusted earnings.

Roku Inc. shares surged 8.6% in Thursday’s aftermarket action after the streaming-media company easily topped expectations with its latest results while offering upside with its forecast.

Shares of Universal Music Group surged in early European trading Thursday after the record label behind the Weeknd, Billie Eilish and Taylor Swift posted revenue growth ahead of analysts’ expectations for the second quarter, marked by the return of growth in streaming.

A judge on Friday blocked a proposed settlement on AMC Entertainment Holdings’ stock conversion plan that would allow the company issue more shares, sending its common shares soaring and preferred shares down in after-hours trading.

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“Barbenheimer” exploded over the weekend, generating an estimated $235.5 million in ticket sales and reinvigorating the domestic box office.

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Netflix subscriptions rose 8% in the second quarter as its revenue climbed year over year.

Sony signed a binding 10-year deal with Microsoft to keep the best-selling Call of Duty series available on PlayStation.

The U.K. Competition and Markets Authority extended the deadline of its review of Microsoft’s takeover of Activision Blizzard to August 29.

The Federal Trade Commission plans to bring its effort to stop Microsoft from closing its Activision Blizzard deal to the 9th Circuit appeals court.

Disney CEO Bob Iger opened the door to selling the company’s linear TV assets as the business struggles during the media industry’s transition to streaming and digital offerings.

The Federal Trade Commission has lost its request for a preliminary injunction to block Microsoft’s $69 billion deal to purchase Activision Blizzard, according to a ruling from U.S. District Judge Jacqueline Scott Corley.

NEW DELHI, July 12 (Reuters) – Walt Disney (DIS.N) is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday.

With U.S. antitrust enforcers determined to stop Microsoft from buying “Call of Duty” maker Activision Blizzard, the companies’ two chief executives are expected to testify on Wednesday that the $69 billion deal will be good for gamers and should go forward.

Google is having productive early conversations with regulators in the European Union about the bloc’s groundbreaking artificial intelligence regulations and how it and other companies can build AI safely and responsibly, the head of the company’s cloud computing division told CNBC.

Microsoft’s $69 billion proposed acquisition of Activision Blizzard faces a key test on Thursday as a federal judge will hear arguments over U.S. regulators’ attempt to block the deal.

The Flash, a Warner Bros Discovery Inc. film based on the super-fast DC Comics hero, topped the box office this weekend with a lower-than-expected $55.1 million in domestic ticket sales.

Walt Disney said CFO Christine McCarthy would step down, and the entertainment company named another veteran executive, Kevin Lansberry, to act as interim CFO starting July 1.

Disney on Tuesday revealed a shake-up of its movie release calendar, delaying several entries in the Avatar, Marvel and Star Wars franchises.