Amazon Bets on Bond With $8.45B MGM Buy
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.
AT&T, Discovery Confirm $43B Media Merger
The new entity would house nearly 200,000 hours of programming and more than 100 brands spanning cinema, streaming, publishing, music, news, and sports.
Netflix Tops 200M Subs, Sees Positive Cash Flow
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
Netflix Adds 10 Million Subs But Stock Slides
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.
Hasbro Sales Hit By ‘Star Wars’ Toys Dropoff
The surprising Q4 sales decline raises questions about Hasbro's strategy of tying products to Hollywood films.
Time Warner Soars on ‘Wonder Woman’ in Q2
The hit superheroine movie supercharged the company's earnings, with net profit up 11.6% and revenue up 5%.
AMC Acquires European Theaters for $929M
The acquisition of the Nordic Cinema chain furthers AMC's goal of owning 20% of the world’s movie screens.
GoPro Refocuses on Core Camera Business
The action-camera maker is cutting 15% of its workforce and closing its entertainment division as it attempts to return to profitability.