Leisure & entertainment news & headlines
- Comcast’s revenue from all three business segments tops analysts’ estimates in Q3.
- The U.S. firm reports £19.78 billion of revenue and 50.37 pence of adjusted EPS.
- Comcast forecasts its theme-park segment to break even before the start of 2022.
Latest Leisure & entertainment news
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% down in extended trading on Thursday. Including the price action, Dave & Buster’s is now exchanging hands at £13.79 per share vers...
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 overseeing the ‘Batman’ trilogy. Nolan has been working on the idea behind the film for more than two decades while the current iteration has been on his mind for six o...
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 of AMC’s U.S. locations, the company is selling movie tickets for a “retro price” of 15 cents. But the company is obviously aware of the potent...
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 rules in a federal court of law on Friday as it announced to have filed antitrust lawsuits against both companies. Sh...
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 fantasy sports companies liable to pay federal excise tax on their entry fees. The news wasn’t well-received by...
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 is currently more than 15% down year to date in the stock market after recovering from an even lower £65.62 per share when the impact of COVID-19 was at it...
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 entertainment. Shares of the company gained more than 1% up Tuesday. At £63 per share, Sony Corp is currently more than 15% up year to date in the stock...
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 trading on Monday. At £134 per share, Take-Two Interactive Software is currently 45% up year to date in the stock market afte...
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 resulted in lower retail inventory and product shortages. Hasbro revealed Deadpool 2 action figures last week. Shares of the company were re...
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 Disney as theaters across the U.S. were supposed to open. Disneyland was supposed to welcome guests in Anaheim, and ESPN is void of live sports. Meanwhile, the reopening of Wal...
Netflix (NASDAQ: NFLX) published its quarterly financial results late on Thursday that fell shy of the experts’ forecast for earnings per share in the second quarter. The company also announced Ted Sarandos as its new co-CEO and offered him a seat in the Board of Directors. Sarandos has been serving as the Chief Content Officer at Netflix; a role that he is likely to keep moving forward. Netflix Q2 financial results versus analysts’ estimates Acc...
AMC Entertainment Holdings Inc. (NYSE: AMC) announced to have inked an agreement on Monday with its bondholders that will result in an up to £499 million of reduction in its debt. The world’s largest movie theatre chain is currently committed to pulling out of the impact of COVID-19 that has so far infected more than 3 million people in the United States and caused over 137,000 deaths. Shares of the company were reported about 5% up in pre...
As major U.S. cities grapple with a resurgence of coronavirus cases coinciding with the reopening of restaurants and bars, some are thinking the cruise industry will be forced to sit on the sidelines even longer. Even if this is the case, the industry isn’t in peril — just yet, according to Wedbush analyst James Hardiman. Cruise dates pushed back Cruise stocks have pushed back their resumption dates from July to mid-September and it may be...
Global media and entertainment giant Walt Disney Co (NYSE: DIS) is among the most hotly debated stocks on Wall Street. Some investors are concerned that demand for its parks won’t return for months, if not years due to the COVID-19 pandemic. But according to a former Disney “Imagineer,” the pent up demand for people to return to its parks “will be there.” The importance of parks Disney has shown impressive performance in its Parks and Resorts bus...
Cineworld (LON: CINE) revealed to have secured a debt facility worth £201 million from private institutional investors. The British cinema operator is currently preparing to reopen its countrywide theatres for the public as the government starts to ease the COVID-19 restrictions that halted operations in recent months. Shares of the company are currently 2% down on Monday. The £1.06 billion company is about 65% down year to date in the stock mark...
Cineworld Group (LON: CINE) announced to have withdrawn from its merger deal with Cineplex Inc (TSE: CGX) on Friday. The cinema operator cited Cineplex’s breaches in the £1.32 billion merger agreement for abandoning the deal. Cineworld, however, did not divulge any further information about the nature of such violations. Shares of Cineworld posted an about 7% intraday gain on Friday. At 76.66 pence per share, the Brentford-headquartered company i...
Codere SA (OTCMKTS: CODEF) released its first-quarter trading statement on Thursday that posted £87 million in group-wide losses. The company is seeking financial support that it deems vital for the survival of its operating units. Codere’s Q1 loss came in ten times higher than a £7.7 million loss in the same quarter last year. The company attributed the unparalleled increase in its loss to the Coronavirus pandemic that pushed its gambling venues...