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Sport
Bridgepoint rejected higher bid for MotoGP from Ari Emanuel’s TKO
...TKO owns the Ultimate Fighting Championship and World Wrestling Entertainment....
April 5, 2024
Liberty Media Corp
Formula One owner closes in on €4bn deal for MotoGP
...Liberty, which is chaired by telecoms and entertainment billionaire John Malone, is poised to agree the takeover of Dorna Sports after seeing off a rival bid from TKO, the sports and entertainment group...
March 27, 2024
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
News in-depthGames industry
PlayStation sales and blockbuster games propel console market back to growth
...Eric Lempel, head of global business at Sony Interactive Entertainment, said that with supply issues “solved”, its latest console was now on track to outsell PlayStation 4, which was first released in 2013...
December 20, 2023
Warner Music Group Corp
Warner Music takes majority stake in label run by son of top rival
...Warner in 2021 agreed to buy hip-hop label 300 Entertainment for more than $400mn, as well as Russian indie label Zhara Music. Sony Music in 2021 paid $430mn to buy independent music company AWAL....
September 5, 2023
X Corp
Twitter CEO Linda Yaccarino courts Hollywood in push for star power
...With Twitter’s revenues down by about 50 per cent since Musk took over, mending those relationships — and building new ones in the entertainment business — has fallen to Yaccarino....
July 26, 2023
LexWarner Bros Entertainment Inc
Warner Bros/Paramount: bloated structures should curb ambitions
...The allure of the streaming entertainment era is the opportunity to consume shows and music à la carte. Media mergers and acquisitions should proceed similarly....
December 21, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Technology sector
Australia threatens action against Meta after Facebook news payments axed
...Meta and Google struck deals in 2021 to pay Australian media companies, including News Corp, newspaper publisher Nine Entertainment and a host of smaller websites, broadcasters and regional newspapers, an...
March 1, 2024
News in-depthGames industry
Game over? Industry suffers slowdown after decades-long winning streak
...At the same time, entertainment giants are showing a renewed interest in gaming — adding new competition for existing players in a shrinking market....
February 17, 2024
Indian business & finance
Sony ready to abandon $10bn Zee deal that would create Indian media powerhouse
...Three directors also left Zee Entertainment last month. The Sony-Zee problems come as India’s competitive entertainment industry is in flux....
January 9, 2024
Indian business & finance
Sony calls off $10bn Zee merger in India after two years of talks
...Sony has called off its merger with Zee Entertainment, ending its agreement with the Indian media group two years after striking an ambitious deal to create a $10bn entertainment powerhouse in the world’...
January 22, 2024
Donald Trump
Trump unlocks potential $3bn windfall after social media Spac deal
...The Florida-based business also plans to launch Truth+, which will provide what it called “non woke” entertainment to the American public....
March 22, 2024
South Korean business & finance
Tech executive arrested over share purchases in K-pop bidding war
...Market leader Hybe and the entertainment subsidiary of Kakao were keen to take over SM in order to enrich their content and become the national entertainment champion capable of taking on overseas music...
October 19, 2023
Global Economy
Moody’s points to further pain after surge in corporate defaults
...Other companies that Moody’s counted among defaults in December included US cinema advertising company Screenvision, cinema chain AMC Entertainment and German cable provider Tele Columbus....
January 17, 2024
News in-depthSony Corp
Sony’s fraught $10bn deal reveals Hollywood’s struggle to crack India
...Sony executives were optimistic that the deal between its Indian business and Zee would create a $10bn media powerhouse in one of the world’s most promising entertainment markets....
January 19, 2024
Advertising
Super Bowl set to break US advertising records
...In the US, Super Bowl ad breaks are national entertainment in their own right, and a showcase for the power and reach of the traditional TV commercial....
February 9, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News updates from February 7: Netanyahu rejects Hamas ceasefire demand, Disney unveils $3bn buyback
What to watch in North America today
...Disney: The US entertainment company will report its latest quarterly results as it faces a growing battle with activist investor Nelson Peltz....
February 7, 2024
The Big Read
Formula One’s growing pains
...But transforming F1 into a spectacle that straddles sport and entertainment risks putting noses out of joint. In Las Vegas, the drivers themselves had mixed opinions about Liberty’s approach....
March 1, 2024
News in-depthStreaming services
‘Shakeout has begun’ after $5bn streaming loss for Netflix rivals
...The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5bn in the past year from the streaming services they built to compete with Netflix....
December 28, 2023
News updates from December 18: Apple halts US Watch sales, US boosts Red Sea shipping security
Supreme and North Face owner warns of Christmas order snarls after hack
...VF joins a list of companies including Clorox, MGM Resorts International and Caesars Entertainment that have contended with significant cyber attacks of their own this year....
December 18, 2023
Due Diligence
Could the ‘trustbusters’ be making a comeback?
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
December 19, 2023
News in-depthSony Corp
Sony takes on Disney and Mukesh Ambani in India with Zee merger
...Three decades on, the Japanese entertainment giant is pursuing the same strategy in India’s Bollywood....
September 3, 2023
Indian business & finance
India approves Sony-Zee merger to form nation’s biggest media company
...It will extend Sony’s footprint in one of the world’s fastest-growing entertainment markets and present a formidable challenge to Disney Star, India’s largest TV network with more than 60 television channels...
August 10, 2023
The Top LineChristopher Grimes
Paramount sale talks point to Hollywood post-streaming boom hangover
...For Shari Redstone, who longed for years to run some of the most powerful brands in the entertainment business, this cannot be the outcome she had in mind....
December 15, 2023
FT GlobetrotterFT Globetrotter’s month-by-month guide to what’s on in our cities
What’s happening in Miami: FT Globetrotter’s month-by-month guide to 2024
...The first solo exhibition of the Lebanese artist’s work in a US museum includes her Bribes de corps series, whose experimentation hinges on the body....
February 8, 2024
Due Diligence
SoftBank’s real life problems in 2024 Premium content
...historically been dominated by the likes of Carl Icahn and Trian Partners’ Nelson Peltz — both of whom turned to old-school tactics and launched boardroom battles at gene sequencing company Illumina and entertainment...
January 9, 2024

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