Tag: Entertainment Content

Take-Two Interactive Softwar  missed earnings expectations in its latest quarter, but shares were still rising in late trading. Most of the focus from investors of late has been on fiscal 2025 and beyond.

Warner Music Group Corp. stock was up 3.5% in premarket trading on Tuesday after its third-quarter profit and revenue beat analyst estimates. Warner Music said its third-quarter profit fell to $122 million, or 23 cents a share, from $124 million, or 24 cents a share, in the year-ago quarter.

The streaming wars are no longer just about subscriber growth. Paramount Global added just 700,000 subscribers in the second quarter, compared to 4.1 million in the first quarter.

Warner Bros. Discovery reported second-quarter results Thursday that fell below Wall Street expectations across the board.

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.

.

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

.

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.