Leisure & entertainment news

In an announcement on Monday, Electronic Arts Inc. (NASDAQ: EA) said it will buy, Codemasters (LON: CDM), for £900 million. The British video game developer had previously struck an agreement with Take-Two Interactive Software – a bid that EA successfully trumped on Monday. At £102 per share, Electronic…

In an announcement on Wednesday, the Walt Disney Company (NYSE: DIS) said it will slash its workforce by 32 thousand jobs as the ongoing COVID-19 crisis continues to wreak havoc on its business. The company said the lay off will primarily affect workers at its theme parks where foot…

The Walt Disney Company (NYSE: DIS) reported a sharp increase in subscribers for its streaming service in the fiscal fourth quarter. Disney also said that its revenue was better than expected in Q4. But officials said on Thursday that Disneyland was likely to remain closed for the public…

Streaming video giant Netflix Inc (NASDAQ: NFLX) announced on Thursday it will raise prices for U.S. customers and investors cheered the announcement.  Price increase details Netflix’s standard subscription plan increases by $1 a month to $14 and its premium subscription plan goes up by $2 to $18 a month.

Comcast Corp. (NASDAQ: CMCSA) said on Thursday that its revenue from all three business segments came in higher than expected in the fiscal third quarter. The American telecommunications conglomerate had also topped Wall Street estimates in the prior quarter (Q2). Cable communications and high-speed internet, Comcast said, added…

Callaway Golf Company (NYSE: ELY), a seller of premium golf equipment and related lifestyle apparel said on Tuesday it reached an agreement to acquire Topgolf, a privately-owned global sports, and entertainment community. On Wednesday, the CEO of Callaway Chip Brewer was on CNBC for some damage control…

Hasbro Inc. (NASDAQ: HAS) published its earnings report for the fiscal third quarter on Monday that topped analysts’ estimates for earnings and revenue. The stock jumped to an 8-month high as the company expressed confidence that deliveries were likely to improve further in Q4. Shares of the company jumped…

Cineworld Group plc (LON: CINE) said on Monday that its movie theatres in the U.S. and the U.K. will be closed for the public once again this week, leaving close to 45 thousand workers without a job. The move is attributed to the second wave of new COVID-19 cases…

The Walt Disney Company (NYSE: DIS) expressed plans of cutting its workforce by 28 thousand jobs on Tuesday. The layoff, it added, will primarily affect theme parks in the United States where COVID-19 continues to weigh on visitor numbers. Disneyland California is still closed for the public. The Walt…

Caesars (NASDAQ: CZR) said on Monday that it was in advanced talks with William Hill plc (LON: WMH) for a potential takeover that values the London-based bookmaker at £2.9 billion. Following the completion of the transaction, the casino operator will get to practice full control over the United…

Shares of AMC Entertainment Holdings Inc (NYSE: AMC) were lower by more than 8% Wednesday afternoon after the global movie theater chain was dealt a major blow. Disney adds to AMC’s woes The movie theater industry is considered to be among the most impacted by the COVID-19 pandemic. Even…

Whitbread plc (LON: WTB) expressed plans of slashing its workforce by 6 thousand jobs on Tuesday due to the Coronavirus pandemic that continues to weigh on the global travel and hospitality sector. The announcement comes just when the state-backed job support scheme is coming to an end. Shares of…

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) published its quarterly financial results on Thursday after the bell, that topped analysts’ estimates for revenue in the fiscal second quarter. Its loss per share in Q2, however, came in narrower than expected. Shares of the company were seen trading about 1.5%…

If all the movie theater industry needed was a major Blockbuster film to get consumers excited about seeing movies again, it may have gotten what it asked for in “Tenet.” What is ‘Tenet’ ‘Tenet’ is a spy and action thriller written and directed by Christopher Nolan, best known for…

Movie theater and entertainment chain AMC Entertainment Holdings Inc (NYSE: AMC) will open 100 locations Thursday and it should be considered a “happy day” after months of “pain and trauma,” AMC CEO Adam Aron said on CNBC’s “Closing Bell.” Retro ticket pricing done safely To mark the reopening…

The U.S. tech giants, Apple Inc. (NASDAQ: AAPL) and Google parent organisation Alphabet Inc. said on Thursday that Fortnite was in violation of guidelines laid out for in-app payments as both companies removed the world-renowned video game from their respective application stores. In response, developer Epic Games challenged their…

DraftKings Inc. (NASDAQ: DKNG) published its quarterly financial results on Friday that highlighted a higher loss in the fiscal second quarter than what analysts had anticipated. The company, however, topped Wall Street expectations for quarterly sales. According to a recent Bloomberg report, the Internal Revenue Service (IRS) has made…

The Walt Disney Company (NYSE: DIS) published its quarterly financial results on Tuesday that sent its shares up 5% in extended trading. According to CEO Bob Chapek, Disney will release Mulan online via Disney Plus. At £94 per share, including the gain in after-hours trading on Tuesday, Disney…

Sony Corp (TYO: 6758) said on Tuesday that its profit in the fiscal first quarter dropped by only 1.1% that was significantly lower than expected. The company attributed it to its gaming business that showed resilience in recent months as COVID-19 saw homebound people looking for indoor means of…

Take-Two Interactive Software Inc. (NASDAQ: TTWO) published its quarterly financial results on Monday after the bell that topped analysts’ expectations for revenue but missed on earnings per share. Tyson Foods also released a quarterly earnings report on Monday.   Shares of the company jumped roughly 5% in after-hours…

Hasbro (NASDAQ: HAS) published its quarterly financial results on Monday that highlighted a 29% decline in its revenue in the second quarter on a pro forma basis. The company attributed the slump to the Coronavirus pandemic that pushed its stores into temporarily shutting down in recent months. COVID-19 also…

Global media and entertainment giant Walt Disney Co (NYSE: DIS) is a textbook example of how a management team needs to react quickly after initial plans are faltering, The Wall Street Journal reported. The big July that wasn’t July was supposed to be a very busy month for…