Timothee Chalamet stars as Paul Atreides in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment “The arrival of ‘Dune: Part Two’ is coming at a point where the industry is looking for that momentum igniting blockbuster,” said Paul Dergarabedian, senior media analyst at Comscore. So far in 2024, no film has generated more … Read more
Image: Laura Bratton, Photos: Post Consumer Brands (press release), Justin Sullivan (Getty Images) Rappers Snoop Dogg and Master P may have already made their mark in hip hop, but their real dream was to make cereal. Yes, cereal. Or at least that’s what the two performers (who are worth $160 million and $200 million, respectively) … Read more
EW Scripps CEO Adam Symson Source: EW Scripps Local TV station owners including Sinclair, TEGNA and EW Scripps all saw their valuations plummet this week after Disney, Warner Bros. Discovery and Fox announced a new sports joint venture set to launch this fall. Sinclair dropped 12% Wednesday, TEGNA fell 7.2% and Scripps plummeted 24% as … Read more
Rafael Henrique | Lightrocket | Getty Images Disney is investing $1.5 billion for a stake in Epic Games, CEO Bob Iger said Wednesday, in its biggest bet yet on the gaming space. The media giant will work with the Fortnite studio to create new games and an entertainment universe where consumers can “play, watch, shop … Read more
Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images Some of the motivations for the companies are clear, as they look to sports to help … Read more
15 Mins Ago Deutsche Bank stands by NIO buy rating but slashes price target 31% Deutsche Bank stood by Shanghai-based electric vehicle manufacturer NIO Inc. in a report out Thursday, rating the $12 billion stock a buy ahead of quarterly results due Dec. 5. But the firm slashed its price target by 31% to $11 … Read more
Shoppers pass a promotional sign for ‘Black Friday’ sales discounts in London, on November 23, 2018. Ben Stansall | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
Disney is set to report earnings after the bell. Microsoft shares hit an all-time high. Democrats score big wins on Election Day. Here are the most important news items that investors need to start their trading day: The Nasdaq and the S&P 500 are on their longest winning streaks in almost two years after finishing … Read more
Walt Disney Co. offered investors their first glimpse at ESPN’s financials Wednesday with disclosures that struck one analyst as a “relief.” ESPN generated $12.6 billion in revenue during the nine months that ran through July 1, up from $12.3 billion in the comparable period a year before. The business brought in $1.9 billion in operating … Read more
The NBA will have a plethora of potential media partners as it prepares for its next rights deal. The league ideally would like no more than three packages as it decides among TV carriers and streaming services, say people familiar with the matter. NBA.com or the NBA app may serve as the digital front door … Read more