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Broadway faces possible shutdown as musicians vote to strike if deal is not reached
NBC News· 2025-10-14 23:36
Folks are on watch because a lot of Broadway shows may go dark soon because Broadway musicians are voting to greenlight a strike. The union that reps them say they've been working to get a new contract with the Broadway League, but they don't have one yet. The union says the league wants to cut jobs, cut pay, cut health benefits.The league tells us they're committed to an agreement. ...
X @Forbes
Forbes· 2025-10-14 17:40
.@lilireinhart, actress, producer and founder of Personal Day, offers advice for anyone looking to enter the entertainment industry while backstage at the 2025 #Under30Summit. https://t.co/DkFSTJVBFh https://t.co/gLFHZXGTJB ...
X @Forbes
Forbes· 2025-10-14 14:44
How much did 2019’s Star Wars: The Rise of Skywalker cost? Disney revealed the final number, making it the third most expensive movie in history. https://t.co/iMbl1k5kn4 ...
LiveOne (Nasdaq: LVO) Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-10-14 13:46
Core Points - LiveOne has regained compliance with Nasdaq Listing Rule 5550(a)(2), indicating the company has maintained the required minimum bid price for the necessary number of consecutive business days [1][4] - The company views this compliance as a significant milestone that reflects its commitment to delivering shareholder value and aims to attract a broader base of institutional investors [2][4] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform, focusing on premium experiences and content through memberships and live/virtual events [2] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] Financial Position - LiveOne's stock now meets all Nasdaq listing requirements, reaffirming its financial and operational stability [4] - The company continues to execute its buyback program, with $5.5 million remaining [4] - LiveOne is well-positioned to attract institutional investors and increase market liquidity [4]
Disney has considered a co-CEO structure to replace Bob Iger. Its history may make that a bad idea
CNBC· 2025-10-14 10:00
In this articleDISDana Walden and Josh D'Amaro.Michael Buckner | Errich Petersen | Getty ImagesThe Netflix strategyLast year, Iger called Sarandos and asked him about Netflix's co-CEO model. That call was first reported by the Wall Street Journal in November, and CNBC can confirm it took place, according to people familiar with the matter.Sarandos and co-CEO Peters have different areas of passion, according to people familiar with Netflix's leadership styles, who asked to remain unnamed because the details ...
X @The Wall Street Journal
In charts: A Paramount-Warner Bros. merger would unite some of the entertainment industry’s most valuable assets under one roof https://t.co/b1iQMlVhHA ...
The Paramount and Warner Bros. Assets That Would Make a Media Behemoth
WSJ· 2025-10-13 22:10
Core Insights - A combined company from a diverse range of streaming, cable, and film properties could enhance its competitive position against major media and tech giants [1] Group 1 - The merger of various media assets is expected to create a more formidable competitor in the industry [1] - The integration of streaming and traditional media platforms may lead to improved content offerings and audience reach [1] - The combined entity could leverage synergies to optimize operational efficiencies and reduce costs [1]
Disney's 'Tron: Ares' Stumbles: Can Zootopia 2, Avatar 3 Help End 2025 With Hits?
Benzinga· 2025-10-13 20:00
Core Insights - The Walt Disney Company has announced a partnership with Taylor Swift for its streaming platform, which is a positive development for the company [1] - However, Disney's box office performance has been disappointing, particularly with the release of "Tron: Ares," which grossed $33.5 million domestically and $27.5 million internationally, falling short of expectations [2][3] Box Office Performance - "Tron: Ares" was anticipated to generate $45 million to $50 million in its opening weekend but only managed $61 million globally, raising concerns about recouping its $180 million production budget [3] - The previous film in the franchise, "Tron: Legacy," opened to $47 million and grossed $172.1 million domestically, indicating a decline in performance for the franchise [4] - Disney has faced multiple box office disappointments in 2025, including underperforming films like "Snow White" and three Marvel releases, which, while still grossing decently, did not meet historical performance levels [5] Upcoming Releases - Disney has two major films set to release in the last two months of 2025: "Zootopia 2" on November 26 and "Avatar: Fire and Ash" on December 19, both expected to gross over $1 billion [7][9] - The first "Zootopia" film grossed $341.3 million domestically and $1.03 billion worldwide, while the "Avatar" franchise has seen significant success with past films grossing billions [7][8] Future Outlook - Looking ahead, Disney is building a strong lineup for 2026, including a new Star Wars film, "Mandalorian and Grogu," "Toy Story 5," and a live-action "Moana," with "Avengers: Doomsday" set for December 2026 [10] - Despite the current box office challenges, the upcoming releases could provide a rebound for Disney's financial performance [9] Stock Performance - Disney's stock rose 0.7% to $109.95, outperforming its 52-week trading range of $80.10 to $124.69, despite the box office disappointments [11]
Here's why David Zaslav isn't tolerating Paramount's lowball offer for Warner Bros. Discovery
New York Post· 2025-10-13 17:20
Core Message - Warner Bros. Discovery CEO David Zaslav is urging Paramount Skydance chief David Ellison to make a serious offer for the company, suggesting a price upwards of $30 per share instead of the lowball bid of around $20 he has floated [1][8]. Group 1: Offer Dynamics - Ellison, who recently acquired Paramount for $8 billion, is expected to make an official offer soon, moving away from previous soft expressions of interest [2]. - Ellison is reportedly trying to pressure Zaslav by claiming his bid is the only one available, arguing that without it, WBD's stock will decline significantly [4]. - Zaslav believes he can compel Ellison to pay a premium over WBD's current stock price, which is around $18 [5]. Group 2: Strategic Considerations - Zaslav is planning to split WBD into two units, with the streaming and studio business valued at up to $30 by analysts, which could influence the negotiations [6]. - The WBD board supports Zaslav's strategy to play the long game, anticipating that other major media companies like Comcast, Netflix, Amazon, and Apple may show interest post-split [7][12]. - Zaslav has indicated that every company is for sale at the right price, but he needs assurance that Ellison can finance a significant deal, potentially requiring up to $60 billion [12]. Group 3: Financial Implications - Ellison may need to leverage his father's wealth, which is approaching $400 billion, to finance the deal, raising questions about whether Larry Ellison would sell Oracle stock to fund it [13]. - Analysts suggest that without substantial backing, Ellison's current position is weak, as he would be attempting to acquire a much larger entity with limited resources [16].
Professional Diversity Network, Inc. Established a Japanese Subsidiary, Launching a New Phase of Its Asia Strategy and Global Expansion
Globenewswire· 2025-10-13 13:00
Core Insights - Professional Diversity Network, Inc. (IPDN) has established a wholly owned subsidiary in Tokyo, Japan, marking a significant step in its globalization strategy and enhancing its presence in Asia [1][5][6] Group 1: Strategic Focus Areas - The Japanese subsidiary will act as the regional headquarters for Web3.0 and entertainment initiatives in Asia, concentrating on four strategic areas: Real-World Asset Tokenization (RWA), Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Distributed Storage Technology [2][3] - RWA aims to drive the digital transformation of traditional assets and create innovative cross-border investment opportunities [2] - DeFi focuses on building a secure and transparent blockchain-based financial ecosystem [2] - NFTs will integrate entertainment and intellectual property resources to establish a diverse digital asset value framework [3] - Distributed Storage Technology will provide secure and scalable data infrastructure to support the Web3.0 ecosystem [3] Group 2: Collaboration and Innovation - The subsidiary plans to collaborate with leading entertainment groups and talent agencies in Asia to invest in and host global artists' concert tours, integrating Web3.0 technologies with entertainment content [4] - The goal is to explore new applications of blockchain technology within the media and entertainment industries, creating immersive and interactive digital experiences for users [4][6] Group 3: Market Positioning - Japan is recognized as a global leader in finance and entertainment, with Tokyo serving as a key financial and technological innovation center, providing a favorable regulatory environment and strong international connectivity [5] - The establishment of the subsidiary underscores the company's commitment to advancing its Asia-focused strategy and strengthening its position in the global Web3.0 and entertainment sectors [5][6]