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The Latest Breaking News from Entertainment

Live Nation Entertainment: Buy, Sell, or Hold?

Live Nation Entertainment (LYV) failed to beat the Wall Street estimate in its last reported quarter despite solid top-line growth. While easing COVID-19 restrictions should help live entertainment businesses rebound, is it wise to bet on LYV given its lower-than-industry profitability and stretched valuation? Read on to learn our view.

StockNews.com

Six Flags Tops Q1 On Higher Attendance, Guest Spending

Six Flags Entertainment Corp (NYSE:SIX) reported first-quarter FY22 sales growth of 68% Y/Y to $138 million, beating the consensus of $122.26 million. The revenue increase was driven by higher attendance and guest spending per capita. Attendance was 1.7 million guests in the quarter, a 25% Y/Y increase. Total guest spending per capita was…

Benzinga

Six Flags Entertainment: Q1 Earnings Insights

Six Flags Entertainment (NYSE:SIX) reported its Q1 earnings results on Thursday, May 12, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga

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28 Stocks Moving in Thursday's Pre-Market Session

Gainers Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) rose 89.7% to $0.1480 in pre-market trading after declining 9% on Wednesday. Allena Pharmaceuticals recently reported a $2.8 million registered direct offering.

Benzinga

SeaWorld Entertainment Adopts New Buyback Program; CFO Plans To Retire

SeaWorld Entertainment Inc (NYSE:SEAS) said its Board of Directors approved a $250.0 million share repurchase program. Under the program, the company is authorized to repurchase shares through open market purchases, privately-negotiated transactions, or otherwise. During 1Q22, the company repurchased 1.5 million shares, and subsequent to March 31, 2022, it repurchased an additional 2.0 million…

Benzinga

99 Biggest Movers From Yesterday

Gainers Armstrong Flooring, Inc. (NYSE: AFI) shares jumped 237% to settle at $0.49 on Wednesday after a 13D filing showed Esopus Creek Advisors LLC disclosed a 5.1% active stake in the company.

Benzinga

Floyd Mayweather insists he took no days off ahead of return to ring

Mayweather has claimed he has trained for his exhibition against Don Moore by taking no days off, and is planning to "break barriers" in the entertainment world again ahead of his latest Dubai exploit

Daily Mirror

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BT and Warner Bros Discovery join forces to create pay-TV sport business

Joint venture will bring together rights to sports including Premier League, Champions League and Olympics

The Guardian - UK

Disney Profit Slips but Streaming TV Subscribers Jump

Disney on Wednesday said its profit slipped in the recently ended quarter but its television streaming service and parks were booming. The entertainment giant reported net income of $470 million, just over half of the $912 million profit it made in the same period a year earlier. But park attendance…

Asharq Al-Awsat

'Endemic sandbox' proposed for islands, nightspots would reopen

The Public Health Ministry will propose declaring Covid-19 endemic on three major tourist islands - Koh Samui in Surat Thani province, Koh Chang in Trat and Phuket - and the reopening of night entertainment venues there.

Bangkok Post

Chicken Soup for the Soul to buy Redbox

Redbox Entertainment, the DVD and streaming company whose bright red kiosks were once a fixture of video entertainment, has agreed to be acquired by Crackle parent, Chicken Soup for the Soul Entertainment.

Los Angeles Times

Measures sought for nightspots

The public health committee has asked the Department of Disease Control (DDC) to seek effective Covid-19 measures if nightclubs, bars and other night entertainment venues are allowed to reopen.

Bangkok Post

Disney allegedly cheated hundreds of writers out of pay for Star Wars and other properties

Given its immense appetite for entertainment content to keep its movie and television pipelines filled, you would think that Walt Disney Co. would do its best to treat its creative talent fairly.

Los Angeles Times

Google Looks To Tap India's Cricket Frenzy By Pitting Itself Against Amazon, Disney, Sony

Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) looks to bid for the broadcast rights of the Indian Premier League, Bloomberg reports. Google's interest in India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest, trailing only the Premier League and the National Football League in terms…

Benzinga

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Benzinga

Why AMC Entertainment Stock Is Falling

AMC Entertainment Holdings Inc (NYSE: AMC) shares are trading lower Wednesday alongside several companies in the broader communications, media and entertainment industry amid overall market weakness as investors digest the latest U.S. inflation data, which came in higher-than-expected.

Benzinga

Redbox Gets Acquired With Bizarre Takeunder Financing: What You Need To Know

DVD rental and streaming company Redbox Entertainment Inc (NASDAQ: RDBX) was the subject of a takeover offer Wednesday, or what some are calling a takeunder offer due to the acquisition price being less than the price of the stock. Here are the details.

Benzinga

52 Stocks Moving In Wednesday's Mid-Day Session

Gainers Trecora Resources (NYSE: TREC) shares jumped 26.6% to $9.56 as the company agreed to be acquired by an affiliate of Balmoral Funds at $9.81 per share in cash or an enterprise value of $247 million.

Benzinga

Redbox Entertainment Stock Halted Several Times: What's Going On?

Redbox Entertainment Inc (NASDAQ: RDBX) shares are extremely volatile on Wednesday. The stock is trading narrowly lower after initially falling more than 50% following a takeover announcement.

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Dublin Live

Anything Goes stars say musicals are ‘really important for our souls and wellbeing’

Kerry Ellis and Bonnie Langford believe that the return of arts, culture, entertainment and live music is something that we all need

Benzinga

Caesars Entertainment Earnings Perspective: Return On Capital Employed

Benzinga Pro data, Caesars Entertainment (NASDAQ:CZR) reported Q1 sales of $2.29 billion. Earnings fell to a loss of $680.00 million, resulting in a 57.04% decrease from last quarter.

Benzinga

Mid-Morning Market Update: Markets Mixed; US Inflation Rate Slows To 8.3%

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining 2% on Wednesday.

Benzinga

Chicken Soup For The Soul Acquires Redbox Entertainment

Chicken Soup For The Soul Entertainment Inc (NASDAQ:CSSE) has agreed to acquire entertainment company Redbox Entertainment Inc (NASDAQ:RDBX). The acquisition is expected to create an independent, integrated direct-to-consumer media platform delivering premium entertainment. Redbox stockholders will receive a fixed exchange ratio of 0.087 of a share of Class A common stock of CSSE. "Today marks a…

Sports Illustrated

Miami Grand Prix Shows Flashes of What the Future of F1 Could Be

Racing fever swept South Florida last weekend as celebrities such as Serena Williams, James Corden and Tom Brady filled the paddock. The sport’s drivers, meanwhile, saw room for improvement.

Benzinga

Inspired Entertainment: Q1 Earnings Insights

Inspired Entertainment (NASDAQ:INSE) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

Bangkok Post

Proud Group to open water park in Phuket next week

Proud Group, a property arm of the Liptapanlop family, is scheduled to hold a soft opening of its Andamanda leisure entertainment complex and water park in Phuket next week, one year behind schedule due to the pandemic.

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