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...Netflix said in results released late on Tuesday that its operating income soared to $1.5bn in the quarter from $550mn a year earlier, thanks to higher revenue and “lower than planned” spending....
...Despite having a massive hit last year with Barbie, which grossed $1.4bn, Warner Bros’ studio has also been weighed down by a series of disappointments....
...In the current quarter, its guidance for revenues was between $1.095bn- $1.135bn, or growth of between 11-15 per cent....
...It lost more than $1.6bn from its streaming businesses in the first nine months of 2023, during which its Disney+ service gained 8mn subscribers....
...Warner’s net debt stood at $43bn at the end of September, or 4.1 times its earnings before interest, tax, depreciation and amortisation, while Paramount had $14bn in net debt, or 6.1 times its ebitda, according...
...Excluding its 51 per cent stake in TKO, Endeavor’s remaining assets were trading at an enterprise multiple of 4.1 times 2024 ebitda, according to Citi....
...Basic subscribers in the UK will pay an additional £1, or £7.99, with premium memberships rising by £2 to £17.99....
...Net income for the past quarter of $1.6bn beat Wall Street forecasts, while revenue of $13.4bn was in line with market expectations....
...A trained lawyer whose name still sits atop Los Angeles law firm Munger, Tolles & Olson, he met Buffett in 1959....
...The German champions beat Union Berlin 1-0 to close the gap on table toppers Bayer Leverkusen to four points. But none of that, frankly matters....
...Founded by former Uber and Lyft executive Travis VanderZanden in Los Angeles in 2017, Bird spawned dozens of copycat companies around the world....
...Before moving to Los Angeles two years ago, Manohar was acting on Broadway in the musical production of Mean Girls....
...But then you notice the discreet pedestals at each end of the installation, created by Los Angeles based PlayLab, Inc. Each showcases four “historiated sculptures” encased in glass....
...While auction sales fell slightly to $6.5bn, revenues from private deals that it arranged for collectors away from the auction room rose by nearly 8 per cent to $1.2bn....
...The Los Angeles Times revealed a few months after the purchase that Son was the buyer....
...On average only 573,000 people watched CNN on any given evening in the second quarter of this year, down from 1.8mn during the same period in 2020, according to Nielsen....
...Under the terms of the agreement, Penn will pay ESPN $1.5bn in cash payments over a 10-year term and grant $500mn in warrants for Penn stock. The rebranding will take effect this autumn....
...Tesla’s market capitalisation rose 20-fold to about $1.2tn last year....
...High profile defaults have included office complexes in Washington DC and Los Angeles....
...This is in contrast to CNN’s annual average of 1.7mn viewers in the election year of 2020 — a figure that had dropped to 687,000 in primetime last year, compared with 2.2mn for Fox and 1.1mn for MSNBC....
...Anat Ebgi, a gallerist with three spaces in Los Angeles, is opening in New York....
...The company is set to make nearly $1.8bn in operating revenue this year, according to S&P Global estimates....
...Netflix added 1.7mn subscribers around the world in the first quarter, below Wall Street forecasts of 2.3mn. Its revenues rose 3.7 per cent to $8.16bn but net income dropped from $1.6bn to $1.3bn....
...AT&T later paid Warner $1.2bn to settle the matter. “David came in and went, ‘Whoa, where did all the money go?’...
...Far from feeling one step closer to the grave, I was oddly excited by my own presbyopia (a mild -1.5 prescription)....
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