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...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....
...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...“We remain a very cash-generative business,” said Thompson, who was hired by Warner Bros Discovery chief executive David Zaslav....
...Away from sports, Sky also faces a crucial renegotiation with Warner Brothers Discovery over extending its deal to show HBO programming beyond 2025....
...He was named to the Time Inc board in 1988 and took a lead role in its $14bn deal to acquire Warner Communications, uniting the magazine company founded by Henry Luce with the film studio once led by Jack...
...Paramount trades at an enterprise value/ebitda multiple of 11 times (assuming its debt is worth 100 cents on the dollar). Warner gets just 7 times....
...The New York Times first reported the talks between Sony and Apollo....
...told the Financial Times, as it aims to expand the business and boost its appeal....
...The major record labels — Universal, Sony and Warner — earn money by taking a cut of revenue from streams and album sales from a stable of thousands of musicians....
...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...
...Big entertainment groups including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...Warner Music: buying something huge at the right time at the right price. Len certainly has got the appetite.”...
...Warner Bros Discovery shares fell 19 per cent on Wednesday for their biggest daily drop since March 2021 after the entertainment group warned investors it was “unlikely” to meet its goals for paying off...
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...“We have FanDuel, and we want to make sure that our customers are able to buy shares in the company that owns their favourite entertainment provider,” chief executive Peter Jackson told the Financial Times...
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...Before that big step, ESPN is also launching a sports streaming joint venture with Fox and Warner Bros this autumn....
...That’s really problematic for the rest of us,” said John Duncan, co-lead for the Business Coalition for a Global Plastics Treaty, a group of more than 200 companies including Walmart, PepsiCo, and L’Oréal...
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Shares of Fubo fell nearly 33 per cent the day after the Disney/Warner/Fox agreement was announced, and the company said “every consumer in America should be concerned about the intent behind this joint...
...I have excluded four companies that are either expected to report negative earnings or for which there are no estimates (Moderna, Warner Brothers, Ventas and Loews) as negative P/E ratios mess up the maths...
...US interest rates are higher than they have been in two decades, raising the cost of borrowing at a time when Disney and Warner are already saddled with substantial debt....
...Since 1990, missing the 30 best days of the S&P 500 cuts your compound returns in half....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
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