Tag: Entertainment Content

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.

Paramount Skydance amended its $30 a share, all-cash offer for Warner Bros. Discovery on Monday, with Paramount shareholder and Oracle founder Larry Ellison now guaranteeing $40.4 billion of the equity financing for the bid, and any damages claims against Paramount.

The Warner Bros. Discovery board on Wednesday said it unanimously recommended that WBD shareholders reject a takeover offer from Paramount Skydance and stick with a “superior” proposal from Netflix

Netflix’s (NFLX) decision to acquire assets from ​Warner Bros Discovery has ‌not changed and the hostile bid ‌from Paramount Skydance was “entirely expected”, its co-CEOs Greg Peters and Ted Sarandos said in ⁠a letter ‌to employees on Monday.

The Walt Disney Co. on Thursday announced it will make a $1 billion equity investment in OpenAI and will allow users to make videos with its copyrighted characters on its Sora app.

U.S. President Donald Trump said on Sunday that he would have a say whether a proposed merger between Netflix and Warner Brothers should go forward, telling reporters the market share of a combined entity could raise concerns.

Netflix announced Friday it’s reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets.

Netflix has sweetened its offer for Warner Bros. Discovery in a second round of bids as it tries to outdo rival Paramount.

The animated Zootopia 2, which reunites Ginnifer Goodwin and Jason Bateman in a mystery against Ke Huy Quan as adversary Gary De’Snake, sold another $400.4 million internationally, for an estimated $556.4 million global opening.

Japan’s Takaichi unveils $135bn stimulus to spur growth

Ubisoft Entertainment shares climbed as trading resumed after a weeklong suspension, as the videogame maker posted higher sales for its fiscal second quarter due to stronger-than-expected partnerships and a robust back catalog.

Paramount, Comcast and Netflix are preparing bids for Warner Bros. Discovery , according to people familiar with the matter.

Walt Disney stock was sliding on Thursday, after slumping movie and TV revenue led to the entertainment company missing Wall Street’s quarterly sales target.

Tencent on Thursday posted 15% year-on-year revenue growth, with AI boosting the Chinese tech giant’s performance in advertising targeting and gaming.

The most hotly-anticipated game in the videogame industry has been delayed again.

Nintendo raised its forecast for sales of the Switch 2 console in its current fiscal year as momentum for its new flagship console grows.