Tag: Entertainment Content

Nintendo plans an unwinding of strategic shareholdings that would see companies including MUFG Bank and the Bank of Kyoto selling shares of the “Super Mario” maker, according to three sources familiar with the situation.

Warner Bros. Discovery has logged higher-than-anticipated fourth-quarter income, with the Hollywood stalwart saying it is “well positioned” to deliver long-term success as it considers rival takeover bids from Paramount Skydance and Netflix.

Warner Bros. Discovery on Tuesday said it had received a higher takeover offer from Paramount Skydance and will review the new bid under the terms of its existing deal with Netflix.

Warner Bros. Discovery (WBD) is reopening talks with Paramount Skydance, giving the CBS owner seven days to submit its best and final offer.

ByteDance will take steps to prevent the unauthorised use of intellectual property on its AI video generator Seedance 2.0, the Chinese technology firm said on Monday, following threats of legal action from U.S. studios, including Disney (DIS).

NetEase shares fell more than 4% in U.S. premarket trading Wednesday after the company reported fourth-quarter results that missed expectations on both earnings and revenue.

T-Mobile added fewer wireless subscribers in the fourth quarter than analysts had expected, as rivals extended ⁠aggressive deals and offers to lure customers.

Activist investor Ancora Holdings has built a stake in Warner Bros Discovery (WBD) and plans to oppose the media company’s deal with Netflix for its studios and streaming assets, in the latest twist to the heated Hollywood takeover battle.

Disney has named Josh D’Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House.

Walt Disney (DIS) stock was rising early Monday after the company beat expectations for its first-quarter results with strong income from its streaming unit.

China has given the green light to three of its largest tech companies to buy Nvidia’s (NVDA), opens new tab H200 artificial intelligence chips, four people familiar with the matter told Reuters, marking a shift in position as Beijing seeks to balance its AI needs against spurring domestic development.

Netflix said on Tuesday it had reached 325 million global paid subscribers, a new milestone for the streaming giant that last reported membership numbers a year ago.

Netflix has adjusted its offer for Warner Bros. Discovery’s studio and streaming assets to an all-cash bid, according to an SEC filing on Tuesday.

Shares of streaming giant Netflix (NFLX) closed up 1% Tuesday on a report from Bloomberg that said it was considering changing its bid for Warner Bros. to an all-cash offer. Any revised offer would be aimed at expediting the sale.

The Warner Bros. Discovery board on Wednesday once again unanimously recommended that WBD shareholders reject a hostile takeover offer from Paramount Skydance.

Comcast said on Monday it has completed the spinoff of Versant Media Group, offloading its NBCUniversal cable channels such as USA Network and CNBC into a separate public company, as the media giant repositions itself to better suit the streaming era.

Walt Disney Animation Studios’ (DIS) “Zootopia 2” surpassed 2019’s “Frozen 2” to become its highest-grossing film ever, the company said on Wednesday, marking a bright spot in a year when global box office continues to trail pre-pandemic levels.

Netflix’s (NFLX) Christmas Day National Football League broadcasts set new records, with the Detroit Lions vs the Minnesota Vikings becoming the most-streamed NFL game in the United States, the streaming giant said on Wednesday.

Warner Bros Discovery (WBD), opens new tab will likely reject Paramount Skydance’s (PSKY), opens new tab amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant’s offer, according to a person familiar with the matter.

Netflix (NFLX) has refinanced a part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery’s (WBD) film, TV studios and streaming assets, according to a regulatory filing on Monday.