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French broadcaster Canal+ signs over $1 billion cinema deal
1+ mon, 2+ week ago (195+ words) July 27 (Reuters) – French broadcaster Canal+ said on Monday it has signed a five-year agreement to invest €980 million ($1.11 billion) in French and European cinema starting in 2028, its largest ever commitment to the industry it clashed with just weeks ago. • The deal,…...
Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead
1+ mon, 3+ week ago (300+ words) BRUSSELS, July 22 (Reuters) – Paramount Skydance Corp on Wednesday gained European Union antitrust approval for its $110 billion acquisition of Warner Bros Discovery after agreeing to ditch a film distribution joint venture with Universal Pictures. The European Commission, which acts as EU…...
AMC posts surprise profit, record revenue as blockbuster films lift ticket sales
1+ mon, 3+ week ago (187+ words) July 20 (Reuters) – Theater chain AMC Entertainment posted a surprise second-quarter adjusted profit and record revenue that beat Wall Street expectations, as blockbuster titles like “The Super Mario Galaxy Movie” and “Obsession” boosted ticket sales. Shares of the Leawood, Kansas-based entertainment…...
Encore files for US IPO
5+ mon, 3+ day ago (117+ words) April 10 (Reuters) – Ticketing platform Encore filed for an initial public offering in the U.S. on Friday. The U.S. IPO market has been accessible despite the ongoing Middle East conflict, with some issuers in recent weeks braving volatility to…...
AMC Entertainment beats revenue estimates as box office recovers
6+ mon, 2+ week ago (170+ words) Feb 23 (Reuters) – AMC Entertainment beat Wall Street expectations for fourth-quarter revenue on Monday, offering a sign of confidence in the slow recovery of cinema traffic from pandemic-era lows. The largest theater chain in the U.S. said that the industry-wide…...
Ellison steps in with personal guarantee as Paramount fights for Warner Bros
8+ mon, 3+ week ago (489+ words) Dec 22 (Reuters) – Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix. The guarantee, disclosed in a filing…...
Warner Bros Discovery results miss expectations ahead of potential sale or split
10+ mon, 1+ week ago (367+ words) (Reuters) -Warner Bros Discovery posted a bigger-than-expected quarterly loss on Thursday, as lackluster growth in its streaming unit and persistent declines in its cable TV business more than offset a strong showing from the media giant’s studio division. After a…...
Lululemon partners with NFL to release apparel collection
10+ mon, 2+ week ago (132+ words) (Reuters) -Lululemon Athletica on Monday announced a partnership with the National Football League to release an apparel collection, sending shares up about 5% in premarket trading. The yogawear maker said the collection, which will be available from T... (Reuters) -Lululemon Athletica on…...