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...The stand-off is among the most heated clashes between tech giants and media groups in recent memory, as they battle for control over the future of entertainment....
...But though this series is rambling, rowdy and guilty of hanging around too long (rather unlike a gentlemen) it is also a diverting slice of light lads-and-dads entertainment....
...campaign ahead of the entertainment giant’s annual meeting next month....
...Average advertised wages for warehouse operatives rose 9 per cent to £24,903 between November 2021 and September 2023, according to Logistics UK’s analysis of local job site Adzuna....
...HOLD: Flutter Entertainment (FLTR) A calculated expansion into the huge US gaming market pays off for Flutter, writes Julian Hofmann....
...Shares in Warner Bros Discovery slumped earlier this month after the entertainment group warned it was “unlikely” to meet its goals for paying off debt, against the backdrop of rising interest rates....
...Netflix has agreed a $5bn deal to screen World Wrestling Entertainment’s flagship Raw programme in the US over the next decade, in the group’s biggest foray so far into streaming live events....
...When I was studying Lego, and this was many years ago, they had just done a research project where they found that the average adult fan of Lego spent 20 times more on Lego than the average family that bought...
...Investors are sceptical that the group can compete in a cut-throat streaming business in which it is battling against much larger groups such as Disney, Netflix and Amazon....
...But a buyer would be foolish to pay a premium price for the group, given regulatory and integration challenges....
...Trade group Airlines for America said that carriers “offer transparency and vast choice to consumers”, and that average domestic round-trip fares, including with ancillary fees added, were 14 per cent lower...
...US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel’s Hollywood talent agency that would be one of the year’s largest buyouts....
...Data group Circana said US toy sales were down 8 per cent year on year in the first nine months of 2023....
...Assume, then, that TMTG’s weighted average cost of capital falls from more than 20 per cent to 5-6 per cent, the S&P 500’s average WACC. Even then, we’re only at $51....
...The terms of the Warner-Discovery merger barred the group from dealmaking for two years. That period expires on April 8....
...Deals have been smaller too, raising an average $151mn, less than half the $388mn of 2021. Confidence in the potential for IPOs has been helped by the recent market rally....
...TikTok has partnered with US cloud software group Oracle to build a standalone unit to wall off American user data....
...The average at Ten Entertainment’s bowling brand Tenpin, which has kept all its prices fixed for the past five years, is £4.90....
...Where one might have hoped that the show would develop into a wry Whartonian send-up of elite Manhattanites, the HBO original (airing on Sky Atlantic in the UK) seems content to provide light, lavish entertainment...
...It has raised more than $2.5bn and struck a handful of small deals, including building a minority stake in movie studio Lions Gate Entertainment and four cyber security companies....
...Reddit’s IPO ostensibly celebrates its community, and yet the amount given to its community in the deal is fairly … average....
...Crucially though, Japan’s average age is now 48.9. This is, and feels like, an ageing society....
...Earnings at the production arm improved 10 per cent to £286mn — promising but insufficient to make up for the 56 per cent slump in media and entertainment....
...The combination of World Wrestling Entertainment and Ultimate Fighting Championship into TKO, a new New York-listed company controlled by Ari Emanuel’s Endeavor group, is expected to generate more than $1bn...
...US private equity firms made some moves on the sector, with Wagamama owner Restaurant Group taken off the market by Apollo Global Management and bowling and social entertainment centre operator Ten Entertainment...
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