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...The $16bn they identified highlights the scale of the group’s operations in the country as Congress seeks to force a sale of the platform to an American buyer....
...Now, the Department of Justice is reportedly preparing to sue Ticketmaster’s parent company Live Nation Entertainment over anti-competitive practices....
...But capital structures born in a different era of valuations should force some modesty this time. A deal with Warner would most likely be an all-stock affair....
...TikTok is a source of news for its young viewers, though it should be noted that its main appeal lies in entertainment....
...Redstone in 2020 inherited control of the entertainment conglomerate that her late father, Sumner Redstone, built over the past century....
...Taylor Swift and Beyoncé, the biggest forces in music, have both been at this for about 20 years. With modern technology, it’s easier than ever to make music from your bedroom....
...of so-called social commerce, where algorithms push products that are highly personalised to the interests of individual consumers, as well as “shoppertainment”, in which ads are blended seamlessly into entertainment...
...Paramount is behind some of the most storied properties in entertainment, such as The Godfather, Star Trek, Titanic and Mission: Impossible....
...borrowers, according to S&P Global Ratings....
...Whatever the exact trigger, shares in Korea’s four biggest K-pop management companies — Hybe, JYP Entertainment, SM Entertainment and YG Entertainment — have fallen over the past nine months in an across-the-board...
...The short video form, and the algorithms that push them with such addictive force, is arguably evolving faster than any other form of entertainment in history. It is a turbocharged thief of time....
...Combined, this would represent a 29 per cent decrease in the company’s global workforce. The move is expected to generate $100mn in annual cost savings....
...Viewers flocked to watch scripted series such as The Crown and unscripted fare such as Beckham, helping to raise the company’s total number of global subscribers by 13 per cent to 260mn....
...Maybe in March it was, but in April it’s starting to look functional again,” said Alex Brill, chief executive of Matrix Global Advisors, a healthcare consultancy....
...The US House of Representatives on Wednesday approved a bill that would force TikTok owner ByteDance to sell the app to a non-Chinese company within six months or be banned from US app stores....
...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....
...Indeed, Huffman pays tribute to r/wallstreetbets in the prospectus (emphasis added): Time and again, Reddit communities have provided exactly that context and been a tremendous force for good: they have...
...The stadium has transformed the club’s fortunes, increasing match day revenues and helping to draw in new partners such as global car racing series Formula One....
...grocery market share and price inflation figures US: Conference Board March Consumer Confidence Index Results: 888 Holdings FY, Asos trading update, AG Barr FY, Bellway HY, Fevertree Drinks FY, Flutter Entertainment...
...Top advertisers are expected to pay about $7mn for 30 seconds of advertising during Super Bowl LVIII, an increase of about 10 per cent on last year’s event, according to Dentsu, the global advertising agency...
...But the CSDDD still looks like a landmark piece of legislation that will force big companies operating in the EU — including a large number of non-European ones — to scrutinise their own supply chains more...
...when the House of Representatives voted overwhelmingly to force China to sell TikTok. Thank God for bipartisanship, cried the Washington flame keepers....
...South Korean companies in areas ranging from defence and construction to pharmaceuticals, electric vehicles and entertainment, have shown themselves to be more adept than many of their western counterparts...
...If found guilty of non-compliance, companies face hefty fines that could amount to up to 10 per cent of their global turnover....
...“We must vigorously promote the construction of a modern industrial system and accelerate the development of new productive forces.”...
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