Max, any time we talk about a new sports entertainment complex, we got to talk about the financing for it. How much is the city putting into it. How much is going to be raised through debt.So the city is going to put in roughly $120 million. 50 million of that will come from debt. They funded the other portion of it through a tax incremental financing district.It's not the type is not located around the soccer stadium. It is an already existing TIF and then the rest of it is going to be funded by a one penn ...

Wall Street began the year hopeful that 2025 would usher in a wave of dealmaking.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Dealmakers got their wish, as this year has seen an almost record-breaking number of ...

As 202025 comes to a close, CNBC's Alex Sherman spoke with 16 top executives across media, sports, and entertainment, who made some pretty bold industry predictions for 2026. Joining us right now with some of those calls is Alex Sherman, CNBC's media and sports reporter. I always love when you do this.So, what would you say is the most provocative, outrageous, over-the-top thing that could actually come true. >> Yeah. So, look, these people that I speak to, these are top of the food chain executives.So, it' ...

Core Points - The Academy Awards will transition from ABC to YouTube for streaming starting in 2029, with ABC continuing to broadcast until 2028, marking the 100th Oscars [1][4] - YouTube will hold global streaming rights for the Oscars from 2029 to 2033, including all related events such as red-carpet coverage and nominations announcements [2][3] - This partnership is seen as a significant move for the Academy, aiming to reach a larger global audience and enhance accessibility for Academy members and the film community [3][5] Industry Impact - The deal represents the first major award show among the big four (Oscars, Grammys, Emmys, Tonys) to completely move away from traditional broadcast television, placing the Oscars in the hands of Google and YouTube, which has around 2 billion viewers [3][5] - The Oscars will be available for free streaming worldwide on YouTube, with additional features like multilingual audio tracks and closed captioning, enhancing viewer engagement [4][5] - YouTube's significant market share in streaming, accounting for 12.9% of all television and streaming content consumed in November, positions it as a leading platform for reaching younger audiences compared to competitors like Netflix [7]

jetcityimage/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Activist investor Elliott takes over $1 billion stake in lululemon (LULU) - report. (00:26) Micron (MU) forecasts $100B HBM market by 2028 as supply tightness persists through 2026. (01:28) Hedge fund in talks to potentially buy Warner Bros. (WBD) TV assets, including CNN - report. (02:16) This is an abridged transcript. Elliott Investment Management has taken a stake in lululemon Athletica (LULU). ...

李智表示，未来"数字文娱+AI"的发展存在六大趋势。首先，创作民主化与"超级创作者"崛起，专业创 作的门槛被打破，"一人团队"即可完成过去需要多人协作的项目。其次，AI将重构IP生态，核心竞争力 转向规则定义与生态运营，IP持有者的核心竞争力将从控制内容转向定义规则、运营生态和驾驭AI工 具。其三，AI驱动的内容体验将实现升维，进一步朝向可感知、可共情的沉浸生态发展。其四，AI还 将驱动文娱文旅商业模式升级，从供给驱动型内容生产向需求即时共创的情感生态服务跃迁。其五，文 旅产业边界将消弭，"以文塑旅，以旅彰文"成为主线，如AI用于文物修复、数字存档和创造性转化。其 六，随着文娱+AI的爆发，监管和伦理问题日益将凸显，需构建相关治理体系推动科技向善发展。 李智表示，广州市天河区是我国数字文娱与AI深度融合的"核心引擎"。2024年，天河区数字创意产业营 收达2266.6亿元，占广州市37.5%，集聚网易、三七互娱等头部企业，成为全国数字文娱产业高地。未 来，随着元宇宙、AIGC等技术的深度应用，天河有望成为全球文娱产业创新策源地。 文娱产业为什么需要AI技术？12月18日，2025年中国数字文娱大会上，北京易观 ...

Core Viewpoint - The media giant Warner Bros. Discovery (WBD) is defending its decision to select Netflix over Paramount in a recent auction, amidst a hostile takeover attempt from Paramount valued at $108 billion, while Netflix's offer was $82.7 billion [1][4]. Group 1: Auction Process and Decisions - WBD's board urged shareholders to reject Paramount's hostile bid, providing context for choosing Netflix's offer, which they deemed superior [4][15]. - Paramount's bid included an all-cash offer of $30 per share, which WBD disputes as not superior to Netflix's offer [12][16]. - The auction process involved multiple bids from Paramount, with WBD asserting that Paramount's proposals were not adequately addressed during discussions [17][20]. Group 2: Legal and Communication Issues - A letter from Paramount's lawyers accused WBD of management conflicts and bias, which WBD countered by stating that the letter was a pressure tactic [3][5]. - WBD highlighted that the legal letter from Paramount's attorneys contained no actionable proposals and relied on inaccurate media reports [10][11]. - Communication between WBD and Paramount was characterized by a lack of constructive engagement, with WBD noting that Paramount's legal advisors acknowledged the December 3 letter was a mistake [6][7]. Group 3: Executive Compensation and Implications - WBD's CEO David Zaslav stands to gain significantly from the merger, with potential payouts exceeding $500 million if Paramount's offer succeeds [22][23]. - The compensation package for Zaslav includes a cash severance of $30 million, equity worth nearly $538 million, and additional benefits [23]. - The ongoing negotiations and potential merger agreements are expected to include details on executive payouts, which could impact shareholder perceptions [24].

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Core Insights - Warner Bros. Discovery (WBD) rejected Paramount's $30-per-share offer and advised shareholders to accept Netflix's bid of $27.75 per share, citing superior value and certainty [2] - The bidding war revealed significant behind-the-scenes dynamics, including offers made to WBD's CEO David Zaslav and the involvement of multiple bidders [3][7] Group 1: Bidding Dynamics - David Ellison attempted to leverage his influence by requesting a meeting with WBD's CEO after a rejected bid, but WBD expressed concerns about the bid's reliance on a revocable trust [3] - Paramount offered Zaslav a compensation package worth over $500 million and the position of co-CEO and co-chairman, which Netflix did not [4][5] - A previously unknown bidder, referred to as "Company C," proposed acquiring WBD's cable channels and 20% of its streaming and studio businesses for $25 billion in cash, speculated to be Starz [7][8] Group 2: Financial Implications - Major investment banks, including Allen & Co., J.P. Morgan, and Evercore, stand to earn a total of $225 million from the potential sale to either Netflix or Paramount [9] - The media and telecom M&A deal value increased by 61% in the past year, indicating a strong investor appetite for valuable intellectual property [10] Group 3: Regulatory Considerations - The Ellisons' bid included $24 billion from Middle Eastern sources, raising concerns but not deemed a dealbreaker by WBD [11] - Both Paramount and Netflix argued their bids would pass regulatory scrutiny, with WBD's board not considering regulatory risk as a significant differentiator between the two proposals [12][14]

Group 1 - Oil prices increased, with Brent crude futures approaching $60 per barrel following President Trump's blockade on sanctioned tankers in Venezuela [1] - Shares of energy companies, including BP and Shell, experienced a rally as a result of the rising oil prices [1] Group 2 - U.S. indexes showed slight gains early Wednesday, indicating a positive market sentiment [2] - Warner Bros. Discovery rejected an unsolicited bid from Paramount, asserting that its planned deal with Netflix is superior, leading to a decline in shares for both Paramount and Warner, while Netflix shares rose [2] - The dollar strengthened against various currencies, with the British pound falling due to U.K. inflation data showing a slowdown to an eight-month low, increasing the likelihood of a rate cut [2]