Company Developments - DraftKings (NASDAQ: DKNG) has entered the prediction market industry through the acquisition of Railbird Technologies, a CFTC-licensed exchange, marking a strategic expansion beyond sports betting [3] - The company plans to launch a new mobile app, DraftKings Predictions, allowing users to trade on real-world outcomes across multiple exchanges [4] Industry Trends - Netflix (NFLX) is collaborating with Mattel (NASDAQ: MAT) and Hasbro (NASDAQ: HAS) to develop merchandise for the K-Pop Demon Hunters franchise, which includes toys, games, and collectibles [4][5] - The merchandise rollout is set to begin in spring 2026 and will feature products inspired by popular K-Pop groups [6] Market Reactions - DraftKings shares rose by 5.4% in premarket trading following the announcement of its acquisition [3] - Mattel's shares closed 2.45% higher despite reporting an earnings and revenue miss, while Hasbro's shares experienced a slight decline in premarket trading [7]

NFL star Travis Kelce and activist investor Jana Partners are part of a group pushing for changes at Six Flags, including evaluating a potential sale https://t.co/FAsKutOC2E ...

Group 1 - Paramount Skydance's acquisition offer for Warner Bros. Discovery (WBD) has been rejected for the second time, with the latest bid at $24 per share, up from an initial offer of $20 [1] - WBD has confirmed it is for sale and has initiated a strategic review process due to unsolicited interest from multiple parties [3] - The market has reacted positively, with WBD's stock price doubling since the beginning of the M&A discussions, reaching a three-year high with an 11% increase [5] Group 2 - Media earnings season is underway, with both WBD and Paramount expected to report quarterly results soon, which may provide insights into the M&A landscape [2] - Speculation exists regarding interest from other companies like Comcast, Netflix, and Amazon, but Paramount is seen as a strong contender due to its financial backing and relationships [4] - Netflix's co-CEO has expressed skepticism about a bid for WBD, while Comcast may face antitrust challenges [4]

DraftKings said it will launch DraftKings Predictions, an app that will allow users to trade contracts on the outcomes of events in finance, culture and entertainment https://t.co/pN6g2lVoHt ...

If it was really that Brazilian tax dispute which is not going to impact future results, Guy, you would think the markets would look through that. Yeah. And yet the stock is stubbornly down 5%.>> Couple things. First of all, I thought the stock would rally o after earnings. That didn't happen.But you're right. If it was just that the market would look through. As a matter of fact, I'm reading if you back out the Brazilian tax.I've been to Brazil a couple times by the way. Really. Not that I did.You have any ...

Yeah, just um some more commentary commentary here about this dispute with the Brazilian tax authorities yielding lower margins than anticipated. The company does guide to Q4 operating margin of 23.9%. That is lower than the 24.2% street account estimate.But some other areas of strength here. The company talking about its ads business saying they are now on track to more than double our ads revenue in 2025. Um and they concluded the US upfront with commitments more than doubling this year.talking about the ...

Netflix reported higher revenue and profit for the third quarter, driven by membership growth, increased ad revenue and price hikes, continuing a strong run for the dominant streamer. https://t.co/fSXcJYZQSH ...

Warner Brothers Discovery announced today that it is putting itself up for sale. The company which owns CNN, HBO, and other streaming businesses and much more previously had announced that it would split into two companies by the end of next year. But today, the company said it had received unsolicited interest from buyers for the entire company as well as for Warner Brothers alone. >> Joining us now, NBC News entertainment correspondent Khloe Malas. So, Chloe, first off, what else is the company saying abo ...

Netflix said a tax dispute with Brazil cut into third-quarter earnings, marring results that otherwise fell in line with Wall Street estimates https://t.co/b0VwuoHVKP ...

Core Viewpoint - Shares in Warner Bros. Discovery (WBD) have surged to their highest level since 2022, driven by interest from multiple parties in acquiring the company or parts of it, particularly from Paramount [1][2] Group 1: Acquisition Interest - Paramount is seen as the leading candidate for acquiring WBD, with analysts noting that it faces fewer complications compared to other potential bidders like Comcast and Netflix [2][4] - Doug Creutz from TD Cowen expressed that a transaction with Paramount is reasonably likely, viewing WBD's statement as a formality given the ongoing reports of Paramount's interest [3] - Analysts from MoffettNathanson also agree that Paramount is the most likely to succeed in acquiring WBD, citing the company's recent success in closing a transaction with Paramount as a positive indicator for regulatory approval [4] Group 2: Market Reaction and Stock Performance - Following the news of acquisition interest, WBD's stock closed at $20.33, reflecting an 11% increase [1] - Jessica Reif Ehrlich from Bank of America maintains a "buy" rating on WBD shares with a price target of $24, viewing the interest from multiple parties as a positive development [5] Group 3: Company Strategy and Future Outlook - WBD is expected to separate its cable networks from its studio and streaming assets by April 2026, with the potential for increased recognition of value in the two new entities [6] - The company has faced significant challenges since the $43 billion merger of WarnerMedia and Discovery in April 2022, including cost cuts and a decline in stock prices, which at times fell below $7 [7] - Laurent Yoon from Bernstein Research highlighted the importance of maintaining multiple credible bidders for WBD, noting that such an asset has not been available for years, making it a unique opportunity for potential acquirers [8]