Hints and tips:
...News Corp’s history shows that it can be convinced to sell or spin off key assets, so long as there is money to be made by doing so....
...So the video game industry is orders of magnitude bigger than other kinds of entertainment....
...I think that’s why it’s doing so well.” Additional reporting by Kang Buseong...
...“The [Microsoft] deal may not be as negative as people perceive,” he said. Sony Interactive Entertainment, Sony’s gaming division, declined to comment....
...Before then, here is Lex’s breakdown of the deal: Why is Microsoft doing this? For Microsoft, gaming is a fairly small part of the overall business....
...That made the huge deal little more than a “tuck-in” acquisition — albeit a sizeable one — to bolster a business that most Microsoft investors hadn’t even viewed as core to the company’s future....
...“Commerce, speech, entertainment, news, work — as we’ve become more dependent on technology as a result of the pandemic, it’s not surprising to see these companies doing well.”...
...Spotify’s core business is tough. The streamer hands over 70 per cent of its revenues as royalties to the big music companies....
...As part of a restructuring, Credit Suisse has launched a new division that combines its global markets, investment banking and capital markets as well as Asia-Pacific markets business under a new investment...
...Hastings sees Netflix as the “least lucky” part of his career. He leaned on Sarandos as the “entertainment savant”. When Sarandos paid $100m for House of Cards, he didn’t consult Hastings beforehand....
...Weeks later the coronavirus would devastate the live entertainment industry and put a serious dent in his business....
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...Back in 2013 the US activist investor failed to persuade the Tokyo-based group to sell part of its entertainment business....
...Mr Peretti said there would be safety in scale, mentioning Vice Media, Vox Media, Group Nine and Refinery29 as companies that were doing “interesting work”....
...With the rosy global economy generating good earnings for companies, banks and investors are comfortable not only underwriting and buying debt but doing so with minimal covenants as protection....
...The battle presents a showdown between two longtime media executives — Mr Iger and his Comcast counterpart Brian Roberts — who have helped shape the entertainment business over the past three decades....
...The poor performance of the headphones and home entertainment business it bought for $135m from Philips in 2014 was the single biggest cause of its filing, industry executives believe....
...The same goes for US entertainment, with Walt Disney holding talks with 21st Century Fox to buy its film studio and cable entertainment channels....
...AT&T’s “entertainment group” includes both DirecTV, America’s biggest satellite TV provider, as well as the high-speed internet business. It had an operating margin of about 12 per cent in 2016....
...The combination of Sirius’s satellite radio business, which is mainly sold in cars, with Pandora’s internet radio operation comes as streaming services such as Spotify and Apple Music are duking it out in...
...They can see what Amazon is doing to bricks and mortar retail,” he says about the shopping mall group sold for $25bn. “We’ve experienced [disruption] at our newspapers....
...Platforms have a strong incentive to promote in-house services at the expense of others, as Google is accused of doing....
...The man they turned to in 2011 was Ken Kutaragi, now 66, the former head of Sony Computer Entertainment and best known as “the father of PlayStation”....
...business in a country like China....
...When Lachlan returned to Australia, he embarked on several new business ventures — including investing in Nova Entertainment, a radio group....
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