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...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...The increase was due to the requirement for US-listed companies to pay auditors to check their internal controls under Sarbanes-Oxley rules and one-off costs associated with changing from international to...
...I’m a TV guy, I love it,” he said, pointing to areas he wanted to strengthen such as financial news, and coverage in areas such as healthcare, climate and sports and entertainment....
...Among the latest actions, the PCAOB found that PwC ignored red flags in its audit of Aegean Marine Petroleum Network, one of the world’s largest traders of shipping fuel, which went bust in 2018 as a result...
...US private equity group Apollo Global is in discussions with Sony Pictures Entertainment about making a joint takeover bid for Paramount Global that would rival ongoing talks between controlling shareholder...
...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....
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...The strong network effects of multiplayer games, such as Call of Duty, also make it harder for new entrants to succeed....
...Sony also has a sizeable sports presence in India, broadcasting everything from international cricket matches to Uefa Champions League football....
...Profits are weakening at the Japanese entertainment group. Meeting PlayStation targets for this year will be tough. Ryan will be hard to replace. He oversaw the launch of PlayStation 5....
...RedBird IMI beat several suitors for All3Media, including French TV production group Banijay, Sony and The North Road Company, a studio run by former Fox Group boss Peter Chernin....
...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...
...OpenAI announced three more new board members on Friday: Sue Desmond-Hellmann, former head of the Bill & Melinda Gates Foundation; Nicole Seligman, former president of Sony Entertainment; and Fidji Simo,...
...In today’s newsletter: Silicon Valley unicorn Carta mired in scandal Sony considers undoing Zee Entertainment deal Blackstone sets up fund buyouts for millionaires Carta gets hit by a start-up liquidity...
...This shift towards an ever smaller number of highly anticipated releases has proved lucrative for cinemas, with the country’s top chain PVR Inox last year announcing plans to expand and upgrade its network...
...And Silver Lake said last month that it was considering taking entertainment group Endeavor private again after the company and its chief executive Ari Emanuel became frustrated with lacklustre share price...
...Inter Miami, which is backed by investment group Ares Management and co-owned by construction billionaire Jorge Mas and his brother Jose, has emerged as a symbol of the convergence of sports, entertainment...
...US networks Fox and NBCUniversal reported that advertising revenue was falling, while publishers such as News Corp, The New York Times and the UK’s Reach have posted declines....
...Moreover the entertainment giant is stuck with nearly $45bn of debt. Its broadcast and cable TV network business grapples with falling ad revenue and a shrinking subscriber base....
...At the time, there was one brand — Burger King — with a network of 12,000 outlets across 70 countries. So-called system sales from all the outlets that used the brand were $15bn....
...ESPN, the Disney-owned sports network that has struggled to keep up in the streaming age, is placing an aggressive wager on sports betting, an area Iger had long been wary of....
...As MGM Resorts International and the FBI investigate a crippling hack at one of the world’s largest casino operators, a tantalising clue has appeared on an underground forum for buying and selling stolen...
...Casino operators MGM Resorts and Caesars Entertainment are the latest high-profile victims....
...Take two Sony will aim to replicate its Hollywood success in India with the recent approval of a deal with Zee to create a $10bn entertainment conglomerate, write the Financial Times’ Kana Inagaki and Chloe...
...The recent hiring of respected news veteran Mark Thompson to lead the network suggests that Warner chief David Zaslav is invested in keeping the network, at least for now....
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