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The Latest Breaking News from Entertainment

Disney Profit Slips but Streaming TV Subscribers Jump

Disney on Wednesday said its profit slipped in the recently ended quarter but its television streaming service and parks were booming. The entertainment giant reported net income of $470 million, just over half of the $912 million profit it made in the same period a year earlier. But park attendance…

Asharq Al-Awsat

'Endemic sandbox' proposed for islands, nightspots would reopen

The Public Health Ministry will propose declaring Covid-19 endemic on three major tourist islands - Koh Samui in Surat Thani province, Koh Chang in Trat and Phuket - and the reopening of night entertainment venues there.

Bangkok Post

Chicken Soup for the Soul to buy Redbox

Redbox Entertainment, the DVD and streaming company whose bright red kiosks were once a fixture of video entertainment, has agreed to be acquired by Crackle parent, Chicken Soup for the Soul Entertainment.

Los Angeles Times

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Measures sought for nightspots

The public health committee has asked the Department of Disease Control (DDC) to seek effective Covid-19 measures if nightclubs, bars and other night entertainment venues are allowed to reopen.

Bangkok Post

Disney allegedly cheated hundreds of writers out of pay for Star Wars and other properties

Given its immense appetite for entertainment content to keep its movie and television pipelines filled, you would think that Walt Disney Co. would do its best to treat its creative talent fairly.

Los Angeles Times

Google Looks To Tap India's Cricket Frenzy By Pitting Itself Against Amazon, Disney, Sony

Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) looks to bid for the broadcast rights of the Indian Premier League, Bloomberg reports. Google's interest in India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest, trailing only the Premier League and the National Football League in terms…

Benzinga

Why AMC Entertainment Stock Is Falling

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading lower Wednesday alongside several companies in the broader communications, media and entertainment industry amid overall market weakness as investors digest the latest U.S. inflation data, which came in higher-than-expected.

Benzinga

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Redbox Gets Acquired With Bizarre Takeunder Financing: What You Need To Know

DVD rental and streaming company Redbox Entertainment Inc (NASDAQ: RDBX) was the subject of a takeover offer Wednesday, or what some are calling a takeunder offer due to the acquisition price being less than the price of the stock. Here are the details.

Benzinga

52 Stocks Moving In Wednesday's Mid-Day Session

Gainers Trecora Resources (NYSE: TREC) shares jumped 26.6% to $9.56 as the company agreed to be acquired by an affiliate of Balmoral Funds at $9.81 per share in cash or an enterprise value of $247 million.

Benzinga

Redbox Entertainment Stock Halted Several Times: What's Going On?

Redbox Entertainment Inc (NASDAQ: RDBX) shares are extremely volatile on Wednesday. The stock is trading narrowly lower after initially falling more than 50% following a takeover announcement.

Benzinga

Anything Goes stars say musicals are ‘really important for our souls and wellbeing’

Kerry Ellis and Bonnie Langford believe that the return of arts, culture, entertainment and live music is something that we all need

Dublin Live

Caesars Entertainment Earnings Perspective: Return On Capital Employed

Benzinga Pro data, Caesars Entertainment (NASDAQ:CZR) reported Q1 sales of $2.29 billion. Earnings fell to a loss of $680.00 million, resulting in a 57.04% decrease from last quarter.

Benzinga

Mid-Morning Market Update: Markets Mixed; US Inflation Rate Slows To 8.3%

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining 2% on Wednesday.

Benzinga

Chicken Soup For The Soul Acquires Redbox Entertainment

Chicken Soup For The Soul Entertainment Inc (NASDAQ:CSSE) has agreed to acquire entertainment company Redbox Entertainment Inc (NASDAQ:RDBX). The acquisition is expected to create an independent, integrated direct-to-consumer media platform delivering premium entertainment. Redbox stockholders will receive a fixed exchange ratio of 0.087 of a share of Class A common stock of CSSE. "Today marks a…

Benzinga

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Sports Illustrated

Miami Grand Prix Shows Flashes of What the Future of F1 Could Be

Racing fever swept South Florida last weekend as celebrities such as Serena Williams, James Corden and Tom Brady filled the paddock. The sport’s drivers, meanwhile, saw room for improvement.

Benzinga

Inspired Entertainment: Q1 Earnings Insights

Inspired Entertainment (NASDAQ:INSE) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

Bangkok Post

Proud Group to open water park in Phuket next week

Proud Group, a property arm of the Liptapanlop family, is scheduled to hold a soft opening of its Andamanda leisure entertainment complex and water park in Phuket next week, one year behind schedule due to the pandemic.

Benzinga

Analyst Reiterates $1 Price Target On AMC Entertainment After Q1 Beat: Here's Why

In its first-quarter earnings report, movie theater leader AMC Entertainment Holdings (NYSE: AMC) reported revenue and earnings per share that both beat Street estimates. The company also highlighted a robust slate of 2022 blockbuster movies.

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Benzinga

Why AMC Entertainment Stock Is Moving Higher Today

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading higher Tuesday after the company reported better-than-expected financial results.

Benzinga

AMC CEO: Over 35% Of Online Payments Are Crypto And Digital

AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron revealed that over a third of the theatre chain’s online payments are comprised of cryptocurrency and digital avenues.

Daily Record

Scots gamekeeper exposed as part of brutal dogfighting ring after SSPCA alerted to haul of sick images

Some of the dogs had been left disfigured after being trained to fight badgers and foxes for entertainment.

The Independent UK

Sony's profit surges on healthy film, game, music growth

Sony’s fiscal fourth quarter surged 67% to 111.1 billion yen, or about $850 million, compared to the previous year, as the Japanese entertainment and electronics company racked up profits in video game and movie divisions

Benzinga

AMC Entertainment Q1 Earnings Takeaways: Revenue, EPS Beat Estimates, CEO Highlights Blockbuster 2022 Lineup

Leading movie theater chain AMC Entertainment Holdings (NYSE: AMC) reported first-quarter financial results after the market close Monday. Here are the key highlights.

Benzinga

How AMC Entertainment Stock Looks Heading Into Q1 Earnings

AMC Entertainment Holdings, Inc (NYSE: AMC) is set to print its first-quarter financial results after the market close Monday. The stock was trading over 6% lower at one point, heading into the event and remains down over 63% from the March 29 high of $34.33.

Benzinga

Madison Square Garden Entertainment Clocked 115% Revenue Growth In Q3, Takes $14.7M Restructuring Charge Hit

Madison Square Garden Entertainment Corp (NYSE:MSGE) reported third-quarter FY22 revenue growth of 115% year-on-year to $460.1 million, beating the consensus of $441.6 million. Tao Group Hospitality segment generated revenues of $108.6 million versus $12.8 million last year. MSG Networks generated total revenues of $167.6 million, down 6% Y/Y. Entertainment segment revenues surged from…

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