Leisure & entertainment news

Six Flags Entertainment Corp (NYSE:SIX) shares plunged 8.53% on Monday amid growing concerns about the rising delta covid-19 variant cases. The stock is now down more than 28% since peaking on 12th March. The adverse economic effects of covid-19 continue to ravage various industries, with theme…

Tencent Holdings Ltd is set to penetrate further into the global video game space. The Chinese technology giant said on Monday it will buy Sumo Group plc (LON: SUMO) for $1.26 billion. Shares of the British video game holding company were up roughly 40% on Monday.  Tencent’s offer marks…

Netflix Inc (NASDAQ: NFLX) has dominated the online streaming space for years. And now, it wants to diversify into interactive entertainment. According to Bloomberg, the media and streaming giant is set to introduce video games on its platform. The new standalone genre is expected as soon as next…

Las Vegas Sands Corp’s (NYSE:LVS) shares traded flat on Monday after the company revealed plans to explore opportunities in the digital gaming technologies market. The stock edged lower, just 0.70%. LVS stock is now down nearly 23% since 15th March.  The decline could be an excellent…

Walt Disney Co. (NYSE:DIS) shares on Monday spiked 2.5% following the weekend release of Marvel’s ‘Black Widow’ film. The film premiered this weekend, breaking the record for a pandemic opening with $80 million in domestic ticket sales.  Disney is the primary distributor of Marvel films and…

As the Coronavirus pandemic restricted people to their homes, the worldwide gaming industry boomed last year on higher demand for indoor means of entertainment. Consequently, companies that are active in this space came under the spotlight leading to higher antitrust activity. On top of that, Microsoft recently announced that its…

AMC Entertainment Holdings Inc. (NYSE: AMC) was scheduled to seek approval from stockholders to issue another 25 million shares in its upcoming annual meeting. On Tuesday, however, it withdrew the proposal, pushing the stock up by 3% in premarket trading.   In his tweet, CEO Adam Aron of…

Walt Disney Co.’s (NYSE:DIS) Disney+ channel reported a slower subscriber growth in the home market than the rest of the world. According to reports, internal data for the video streaming service showed 38 million domestic (US and Canada) subscribers for May compared…

Six months into the year and The Walt Disney Company (NYSE: DIS) is still trading in the stock market around the same price at which it started 2021. But Loop Capital Markets’ president Kourtney Gibson is confident that it’s only a matter of time before Disney stock takes off.

Cowen’s recent survey named a few retail brands that Gen Z loves. The list includes notable names like Kohl’s, American Eagle, Tapestry, Revolve Group, and Target Corp (NYSE: TGT). But where do these companies stand from an investment point of view? Are these as appealing when it comes to…

AMC Entertainment Holdings Inc. (NYSE:AMC) stock popped nearly 8% on Monday after ‘F9’ reported a record opening weekend since 2019. The ninth edition of the ‘Fast and Furious’ franchise hauled $70 million on its opening weekend to set the bar for this summer’s scheduled releases. The…

GameStop Corp Inc (NYSE: GME) is set to be included in the FTSE Russell 1000 index, but AMC Entertainment Holdings Inc (NYSE: AMC) failed to find a spot on it despite the Reddit community-driven trading frenzy that ballooned its market capitalisation by billions of dollars this year. So…

Electronic Arts inc. (NASDAQ:EA) is buying Playdemic, the creators of the Golf Clash mobile game, from WarnerMedia. The company sees this as an opportunity to improve its mobile offerings by teaming up with one of the best mobile game creators. EA shares pulled back 1.5% on…

Tinder launched a slate of new features on Tuesday, including new ways to interact and allowing users to add videos to their profiles. The dating app now serves about 7 million subscribers and contributes roughly 60% to its parent, Match Group Inc’s (NASDAQ: MTCH) revenue. CEO Jim Lanzone’s comments…

Roblox Corp (NYSE:RBLX) shares jumped 2.16% Thursday morning after Cathy Wood revealed she added to her stake in the company. The video game developer said on Tuesday after markets, bookings for May declined on a sequential basis. The news sparked an 8%…

Cathie Wood’s Ark Invest bought $42.2 million worth of DraftKings Inc (NASDAQ: DKNG) shares on Wednesday. The stock opened at $48.89 per share and is currently exchanging hands at $49.50 per share. The news comes a day after Hindenburg Research announced a short position on DraftKings, resulting in a…

Roblox Corp (NYSE: RBLX) slid about 8% in extended trading on Tuesday as it disclosed a decline in its daily active users (DAUs) in May. The news comes a week after music publishers sued Roblox in a $200 million copyright infringement lawsuit. Roblox opened at $82.95 per share…

Online gambling company DraftKings Inc. (NASDAQ:DKNG) shares fell sharply on Tuesday morning to extend Monday losses before bouncing back later. The stock price created a downward price gap after Hindenburg Research warned about its recent merger with SBTech, another online gambling company…

Travel stocks continued to extend gains this year after bouncing back from last year’s March plunge. Most of the stocks are yet to hit pre-covid levels. Some investors see it as an opportunity to buy after the re-opening of the cruise industry. However, Truist Securities general manager Patrick Scholes thinks…

Electronic Arts Inc. (NASDAQ:EA) said Thursday that hackers breached its network and stole game source code. The video games publisher said the hack did not compromise player data. “No player data was accessed, and we have no reason to believe there is any risk to player…

Shares of popular meme stocks AMC Entertainment Holdings Inc. (NYSE:AMC) and GameStop Corp (NYSE:GME) have pulled back significantly after spiking to record highs. GameStop’s decline shows a sequence of spike cycles that are shorter than the preceding cycle. Therefore, it illustrates a…

Richard Clarke of AB Bernstein was on CNBC to talk about the return of business travel and how the reopening momentum will help the travel companies. Reopening is still playing out Clarke said that we are at the beginning of the summer in the U.S. and there is still…