The deal will enable Amazon to add the prized James Bond franchise and a catalog of more than 4,000 titles to its Prime Video offerings.
The new entity would house nearly 200,000 hours of programming and more than 100 brands spanning cinema, streaming, publishing, music, news, and sports.
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
As "consumers get through the initial shock of COVID and social restrictions," Netflix sees subscriber growth slowing to 2.5 million in the third quarter.
The surprising Q4 sales decline raises questions about Hasbro's strategy of tying products to Hollywood films.
The hit superheroine movie supercharged the company's earnings, with net profit up 11.6% and revenue up 5%.
The acquisition of the Nordic Cinema chain furthers AMC's goal of owning 20% of the world’s movie screens.
The action-camera maker is cutting 15% of its workforce and closing its entertainment division as it attempts to return to profitability.
The conglomerate controlled by Chinese billionaire Wang Jianlin continues its push into Hollywood by acquiring the producer of the Golden Globes.
