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...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...Vivid Seats, a much smaller ticket reselling platform, trades on an EV/ebitda multiple of over 13 times. Live Nation is on just 12 times....
...Fink said at the time that the debate references were “a sad commentary on the state of American politics”....
...Netflix executives said among their primary goals was improving the variety and quality of their entertainment, including television shows, movies and games....
...And Peltz could also provide “assurance to other investors that the board is properly engaged this time around”....
...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....
...Warner Music: buying something huge at the right time at the right price. Len certainly has got the appetite.”...
...Its shares are well below the all-time high prices hit in 2021 but have more than doubled from its trough. Subscriber growth has returned as it has cracked down on password sharing....
...Paramount trades at an enterprise value/ebitda multiple of 11 times (assuming its debt is worth 100 cents on the dollar). Warner gets just 7 times....
...He had made his start in the entertainment industry in the early 1970s at an obscure, money-losing outpost of the Time Inc empire called Home Box Office....
...So I've now been able to quit that part-time job, and I do this as my full-time part-time job. And I reinvest almost everything I make back into the business....
...The stock is trading on 14 times forward earnings, on a par with Mattel. This seems overpriced given that Mattel has fared better sales-wise....
...By blocking access to updates, the app would become obsolete over time, but people would not stop using it overnight....
...Pro wrestling is not a proper sport, but “scripted sports entertainment,” as Netflix co-chief executive Ted Sarandos noted on a video chat with investors on Tuesday....
...Walmart is paying a hefty 59 times forward earnings for Vizio. It has a good reason to move quickly....
...For better or worse, the Vision Pro’s time has come....
...Earlier this year, Durban told the Financial Times the private equity group had decided to focus its efforts on larger takeovers as public markets have become dislocated....
...To match the reach of a Super Bowl ad in 2023, executives say an advertiser would have had to buy 400+ primetime spots at more than three times the cost of one Super Bowl ad....
...in the US in September, generating since then $1.1bn in gross merchandise revenue, the total value of goods sold on its platform, according to internal TikTok financial statistics seen by the Financial Times...
...The Vision Pro has a minimum price of $3,500, which is seven times more expensive than Meta’s latest Quest headset, launched last year....
...Reddit also hosts the subreddit WallStreetBets, champion of the individual investor and catalyst behind the meme stock frenzy that propelled stocks such as Gamestop and AMC Entertainment skywards and crushed...
...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...
...For example, BP uses them to train oil rig workers, avoiding the time, expense and safety risks involved in training at an offshore facility....
...Times are changing....
...Longevity is the ultimate test of a brand: not whether it stays in fashion all the time but whether it can keep on coming back. A lot of that is down to adaptability....
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