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Business

‘M3gan’ box office success sets the stage for a scary good year

A lifelike doll programmed to be a child’s greatest companion and a parent’s greatest ally turns murderous in Universal Studios and Blumhouse’s “M3GAN.” Universal A fashion-forward, murderous doll is ringing up big bucks at the box office. “M3gan,” the newest release from the Universal Studios and Blumhouse collaboration, will end up with more than $100 […]

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Entertainment

Here are Thursday’s biggest analyst calls: Netflix, Meta, Apple,

Here are Thursday’s biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer, “removing a powerful near-term profit driver.” “This change is driven by our view that client cash sorting will continue […]

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Entertainment

Marvel movies are set to return to China, but Covid could weigh

Marvel Studios’ “Ant-Man and the Wasp: Quantumania.” Disney Marvel films are returning to China in February, marking the first time in nearly four years that Disney’s comic book cinematic universe landed a release in the country. “Black Panther: Wakanda Forever” will hit Chinese theaters on Feb. 7, and “Ant-Man and the Wasp: Quantumania” will arrive […]

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Disney defends Iger, says activist Peltz has ‘no track record’ in

Nelson Peltz David A. Grogan | CNBC Disney pushed back on Nelson Peltz’s bid for a board seat Tuesday, as the entertainment giant’s proxy fight with the investor and his activist firm, Trian Fund Management, takes shape. Disney said in a securities filing Tuesday that its board was where it needed to be to move […]

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Activist investor Nelson Peltz’s Trian won’t pursue Wendy’s

David Paul Morris | Bloomberg | Getty Images Nelson Peltz isn’t interested in acquiring Wendy’s, according to a regulatory filing made on Friday. Peltz serves as non-executive chair on the burger chain’s board and as chief executive of activist firm Trian Fund Management, which is its largest shareholder. In May, Trian said it was exploring […]

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Business

Vince McMahon is back at WWE to ensure a smooth sale process.

World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images Vince McMahon has returned to the World Wrestling Entertainment board of directors to facilitate potential sale talks ahead of the company’s […]

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Warner Bros. Discovery signs audience measurement deal with

Warner Bros. Discovery has signed a deal with VideoAmp to measure its audience as an alternative means of data for advertisers, the companies announced Tuesday.  The contract is a significant moment for VideoAmp, a startup advertising measurement platform that has recently been growing its list of clients ahead of this year’s upfronts in spring, when […]

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Business

2022 was tough for media stocks like Netflix and Disney, and 2023

In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Media stocks got rocked this year, with companies losing billions of dollars in market value, as streaming subscriber growth waned and the advertising […]

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‘Avatar’ sequel eclipses $1 billion at global box office, even

Avatar: The Way of Water Courtesy: Disney Co.  James Cameron’s “Avatar: The Way of Water” has passed the billion-dollar mark at the global box office, but sluggish sales in China could weigh on the film’s final haul. Worldwide ticket sales for the Disney film now stand at $1.03 billion, the combination of $317 million in […]

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Business

‘Avatar: The Way of Water’ nears $900 million globally, boosted

Avatar: The Way of Water Courtesy: Disney Co.  Disney and James Cameron’s “Avatar: The Way of Water” snared an estimated $56 million during its second weekend in theaters, a 58% drop from its debut. A decline in ticket sales is common for blockbuster titles, with most seeing a 50% to 70% slip. This metric, known […]