Tag: Entertainment Content

Videogames developer Epic Games’ victory over Google in an antitrust case is a decision that casts doubt on the app-store model of companies like Google-parent Alphabet -1.26% and Apple .It also effects the Big Tech peers who are seeking to displace them.

Paramount stock extended gains in premarket trading Monday after a report that the parent of Paramount may be sold.

Dec 4 (Reuters) – Verizon Communications said on Monday it would offer streaming subscriptions to Netflix  and Warner Bros Discovery-owned Max platforms as a bundle to its customers.

Shares of Paramount  were rising after The Wall Street Journal reported the media company may bundle its streaming services with Apple.

Disney stock advanced Friday after the company said it was reinstating its dividend, having cut the payout amid the Covid-19 pandemic and promising earlier this year to bring it back.

Shares in Ubisoft Entertainment tumbled after the company placed bonds convertible or exchangeable into shares.

Walt Disney animated feature Wish came up short at the holiday weekend box office, dealing the House of Mouse another cinematic blow.

Nov 21 (Reuters) – Walt Disney said on Tuesday the new collective bargaining agreements with the Directors Guild of America, WGA and SAG-AFTRA will lead to increased costs to create content.

Sea Ltd reported third-quarter results that exceeded analyst estimates, however, shares fell more than 13% in pre-market Tuesday.

AMC Entertainment beat expectations for the third quarter, getting a boost from this summer’s blockbuster movie phenomenon known as Barbenheimer.

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.