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...Its revenue forecast for the current quarter of $9.49bn was slightly below Wall Street forecasts of about $9.5bn....
...Netflix blew past Wall Street’s expectations by adding a robust 13mn subscribers in the fourth quarter, defying concerns that its crackdown on password sharing could begin to lose steam....
...Redstone in 2020 inherited control of the entertainment conglomerate that her late father, Sumner Redstone, built over the past century....
...Paramount is behind some of the most storied properties in entertainment, such as The Godfather, Star Trek, Titanic and Mission: Impossible....
...Over the past week Wall Street analysts have been lowering their financial targets for Warner Bros Discovery — and expressing concern over the company’s decision not to provide earnings forecasts for this...
...Earnings for its most recent quarter soared past Wall Street’s expectations as it added 9mn new subscribers — the strongest rise since early 2020, when Covid-19 lockdowns led to a jump....
...Many on Wall Street expected Icahn to quickly flip CVR for a profit....
...Or, perhaps, he’s the Woolf of Wall Street — if the Mrs Dalloway author had a Bloomberg Terminal and a penchant for highlighting....
...But Wall Street has soured on big entertainment companies. Their economics do not currently work either for the essential talent or the capital markets. That script will be hard to flip....
...Since the Federal Reserve began raising interest rates in 2022, Wall Street has become sceptical of Hollywood’s growth-orientated streaming revolution and is focused on profits....
...I’m at a level of success where if you know me, you know me, but I’m not so mainstream that I can’t walk down the street....
...A week later, much of the western world shut down due to the coronavirus pandemic — and people turned in their droves to streaming media for entertainment....
...Symbolically, the sale of the Orioles reflects a wider shift in US sports ownership, as Wall Street titans take the reins from local dynasties....
...Wall Street has moved from worrying about bankruptcy filings to showering cruise ships with ticker tape from the quayside....
...Most of the big entertainment companies are losing money from their streaming businesses, which require heavy investments....
...Through its majority ownership of Legends, the concessions and hospitality company, Sixth Street has a view into the operations of many of sport and entertainment’s top stadiums and arenas....
...As a result, streamers have been holding back shows just to make sure they have something to air if the strikes grind on....
...However, Wall Street is hoping the device will become a solid contributor to the company’s revenue within five years, with the potential to one day become the most significant computing platform since the...
...Starboard vs News Corp Wall Street has an undeserved reputation for cynicism. It is, in fact, a field on which hope frequently goes to battle against experience....
...Wall Street has grown concerned about some of the media assets Shell oversaw, particularly the Peacock streaming service....
...Stephen Friedman is also revamping a building at 5-6 Cork Street, also to open in the autumn....
...Smart reads The Finance Bible An out-of-print investing book written by Baupost CEO Seth Klarman is now selling for thousands of dollars, The Wall Street Journal reports....
...After the “Netflix Correction”, Wall Street has become more sceptical of the streaming video market, increasingly focusing on profitability and forcing big entertainment groups to be more cost-conscious....
...Until recently, the assumption across Hollywood and Wall Street was that Disney would buy out Comcast’s Hulu stake next year....
...“People think of them like mafia strongmen on a small street — they take over small shops,” the critic says....
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