Tag: Entertainment Content

 Universal Music Group (UMG), the world’s biggest music label, announced on Monday an expanded agreement with Facebook-parent Meta Platforms to create new opportunities for its artists and songwriters across Meta’s social platforms.

Take-Two Interactive Software said on Thursday it expects net bookings to grow in fiscal years 2026 and 2027, as the videogame publisher gears up for the launch of its long-awaited “Grand Theft Auto VI” next year.

Paramount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media.

Warner Bros. Discovery’s stock dropped Wednesday after it reported a $9.1 billion write-down on its TV networks and missed analyst estimates on revenue.

Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned a profit earlier than expected.

Marvel’s raunchy and violent “Deadpool & Wolverine” lit up box offices over the weekend with $205 million in U.S. and Canadian ticket sales, the biggest domestic opening of the year, distributor Walt Disney said on Sunday.

Warner Bros. Discovery notified the NBA on Monday that it will pay roughly $1.8 billion per year to match an offer from Amazon to carry a package of the league’s games, setting up a last-second buzzer-beating attempt by TNT’s parent company to retain the broadcast rights to the games.

Netflix stock slipped ahead of Friday’s opening bell after the company reported better-than-expected earnings for the June quarter but revenue that was roughly in line with Wall Street estimates.

Warner Bros Discovery has discussed a dramatic plan to split its digital streaming and studio businesses from its legacy television networks as the US media giant behind CNN and HBO weighs options for boosting its sagging share price.

Paramount Global will merge with Skydance, capping off a months-long negotiation that included various twists and turns, and will see the Redstone family step away from control of the storied movie studio and media company.

Disney and Florida Governor Ron DeSantis have put an end to their feud with a deal that allows the entertainment giant to develop the Walt Disney World Resort near Orlando for the next 15 years.

Paramount Global shares dropped 7.8% late in Tuesday’s regular trading session and continued falling after hours on reports that Shari Redstone’s National Amusements, majority owner of the media company, had called off discussions about a possible deal with Skydance Media.

Skydance Media’s revised offer to buy Shari Redstone’s family company National Amusements and merge with Paramount Global gives the entertainment conglomerate’s nonvoting shareholders an option to cash out at a premium, according to people familiar with the matter.

Walt Disney has one less activist investor to deal with. Trian Partners’ Nelson Peltz has sold his entire stake in the entertainment giant, according to a person familiar with the matter.

Take-Two Interactive Software  tempered expectations for fiscal 2025 bookings on Thursday, after setting the release of “Grand Theft Auto VI” in the fall of calendar 2025.

Tencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming business and improved profitability at its advertising and business services division.

China’s Tencent Music Entertainment Group, beat first-quarter revenue estimates on Monday, helped by steady growth in paid subscriptions and advertising services on its Spotify-like music streaming platform.

Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.

Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines despite strength in its streaming unit.

Video game publisher Electronic Arts forecast full-year bookings below Wall Street estimates on Tuesday amid a broader spending slowdown in the gaming industry due to an uncertain economic outlook.