Leisure & entertainment news

On Monday, Walt Disney Co. (NYSE:DIS) shares nosedived 3.42% after the entertainment and media conglomerate announced several film delays over the next two years. The company postponed the release dates for a batch of Marvel movies and the ‘Indiana Jones’ sequel. According…

On Monday, Netflix Inc. (NASDAQ:NFLX) shares edged slightly lower despite reports the company could receive a $900 million windfall from ‘Squid Game’. The video streaming giant measures the success of its shows by impact value, calculated based on how new and existing…

Shares of Playtech plc (LON: PTEC) jumped 58% on Monday after it agreed to be taken over by Aristocrat Leisure Ltd in a deal that gives it an enterprise value of £2.7 billion. What’s in it for Playtech shareholders? The acquisition that the Sydney-based gaming content and technology company…

On Friday Walt Disney Co. (NYSE:DIS) shares edged higher 1.33% after news emerged suggesting the company is exploring options to spin off its world-leading sports network ESPN. According to a report published by Dylan Byers on Pluck, Disney CEO, Bob Chapek has…

Shares of MGM Resorts International (NYSE: MGM) jumped nearly 10% on Tuesday after Credit Suisse upgraded the casino stock despite an over 40% increase year-to-date. In a note this morning, analyst Benjamin Chalken rated MGM Resorts at “outperform” with a price target of $68 per share that represents…

On Friday, AMC Entertainment Holdings Inc. (NYSE:AMC) shares edged slightly lower ahead of Friday’s US and Canada opening for the latest instalment of the James Bond film series.  James Bond: No Time to Die opens in North America on Friday and based on the positive reviews…

Comcast Corporation’s (NASDAQ: CMCSA) European pay television counterpart Sky has launched Sky Glass. For a layman, this is a Smart television that gives users the option to stream content from its Sky television and the internet. The set up of screening content works without a satellite dish or…

On Wednesday, Electronic Arts Inc. (NASDAQ:EA) shares declined by 6.95% amid increased selling pressure created by the latest bugs report. Users on Reddit said they found bugs in the beta version of Battlefield 2042, triggering a mass sell-off of EA shares. Wedbush…

Pre-registration for FarmVille 3 is now open for players from around the world, Zynga Inc (NASDAQ: ZNGA) revealed in a press release this morning. Today, we are thrilled to open pre-registration for FarmVille 3. The game has been uniquely designed to captivate the imagination of many players who…

On Monday, Imax Corp (NYSE:IMAX) shares surged more than 4% after Sony Corp’s (JPTSE:6758) latest instalment of the Venom film series broke the domestic box office record in the pandemic era. The film, Venom: Let There Be Carnage…

Shares of Electronic Arts Inc (NASDAQ: EA) have recovered more than 10% over the last two weeks, but MKM Partners says there’s more to come in the upcoming months. Handler’s remarks on CNBC’s “Power Lunch” The firm’s media and entertainment analyst Eric Handler reiterated his “buy” rating on EA…

Activision Blizzard Inc (NASDAQ: ATVI) struck an $18 million settlement with the U.S. EEOC on Monday over allegations of unfair labour practices. The video game publisher behind world-renowned names like Call of Duty was alleged of sexual harassment and discrimination against female employees. Dieter Waizenegger’s comment on the…

On Tuesday MGM Resorts International (NYSE:MGM) shares edged slightly higher after reports emerged suggesting the company had moved closer to receiving approval for the Osaka resorts deal. The reports followed Monday’s announcement that the company had agreed to…

Blackstone Inc. (NYSE: BX) has told investors that it has agreed on the Cosmopolitan casino and hotel sale for $5.65 billion. The asset sale located on the Las Vegas Strip is Blackstone’s most profitable sale for a single asset in its history. Blackstone bought Cosmopolitan seven years ago…

On Thursday, Hedgeye analyst Todd Jordan issued a note to investors saying they should short DraftKings Inc. (NASDAQ:DKNG) shares amid rising competition. However, the daily fantasy sports contest company’s shares edged slightly higher despite the discouraging statement. The analyst thinks most of…

On Friday, CuriosityStream Inc. (NASDAQ:CURI) shares surged more than 10% after JPMorgan analysts initiated coverage with an overweight rating. Moreover, the analysts issued a price target of $15.00 per share, implying a 35% upside potential from Thursday’s closing price of $11.07. JPM…

Shares of MGM Resorts International (NYSE: MGM) lost another 5.0% on Wednesday as Macau opened a 45-day review of its casino industry with expectations of stiffer regulations ahead. Wells Fargo sees an over 35% upside in MGM Amidst the sell-off, however, Wells Fargo’s Daniel Politzer sees an opportunity to…

U.S. casinos with operations in Macau are taking a hit in the stock market this morning on stiffer regulations and a new wave of the Coronavirus in the region. Shares of Wynn Resorts Limited (NASDAQ: WYNN) are down about 13% today, but Cerity Partners’ Jim Lebenthal only saw…

On Thursday, GameStop Corp (NYSE:GME) shares plummeted more than 10% in the morning before recouping losses later for a net intraday loss of about 0.11%. The company reported its most recent quarterly results Wednesday after markets closed missing analyst expectations on earnings. GameStop posted Q2 non-GAAP…

Amazon.com Inc. (NASDAQ: AMZN) has announced that it will debut its Amazon-branded Television sets in October.  The high-end Amazon Fire TV Omni Series and affordable Amazon Fire TV 4-Series versions will be available in a variety of sizes. Customers can purchase them from October, with prices ranging between…

Sports betting stocks have been catching more interest in recent weeks ahead of the NFL season that kicks off this Friday. For anyone still wondering how to play the “sports are back, and so is betting” trade, Jefferies picked the top three names in this niche that it sees as…

On Wednesday, ViacomCBS Inc. (NASDAQ:VIAC) shares surged more than 6% after Wells Fargo analysts upgraded the stock to an overweight (buy) rating. Analyst Steven Cahall cited the company’s premium subscriber growth and its user base as potential catalysts that could drive revenue to $8 billion within…