Entertainment
Search documents
X @Forbes
Forbes· 2025-09-22 19:51
On Monday, The Walt Disney Company—following major criticism from an ex-CEO and an ex-U.S. president—announced late-night show host Jimmy Kimmel would return to ABC. Learn more here. (Photo: Randy Holmes/Disney via Getty Images) https://t.co/nPJO0On0Ep https://t.co/Bvr9929zE5 ...
RCI Hospitality Holdings, Inc. (RICK) Faces Investor Class Action Amid Sell-Off After Tax Fraud Indictment Against Company, CEO, & CFO -- Hagens Berman
Globenewswire· 2025-09-22 19:39
Core Viewpoint - A securities class action has been filed against RCI Hospitality Holdings, Inc. following an indictment of its executives for multiple crimes, including conspiracy and tax fraud, which has led to significant investor losses [1][4][5] Legal Proceedings - The class action lawsuit, Hernandez v. RCI Hospitality Holdings, Inc., seeks to represent investors who purchased RCI securities between December 15, 2021, and September 16, 2025 [1][3] - The lead plaintiff deadline for the lawsuit is set for November 20, 2025 [3] Allegations - The indictment includes 79 counts against RCI and its executives, alleging bribery of a tax auditor to evade over $8 million in sales taxes from 2010 to 2024 [4] - RCI is accused of making false statements regarding its financial compliance and internal controls, failing to disclose significant legal risks [3][5] Market Reaction - Following the announcement of the indictment, RCI's share price dropped nearly 16% on September 16, 2025, indicating a severe market reaction to the news [5] Investigation - Hagens Berman, a national shareholders rights firm, is investigating whether RCI misled investors about its legal compliance and internal controls [2][5] - The firm encourages affected investors to report their losses and assist in the investigation [2][6]
Warner Bros. Discovery: Born By Blunders, The Company Has Figured It Out
Seeking Alpha· 2025-09-22 16:23
Core Insights - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the availability of resources for investors [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads a group focused on actionable research for investing in the casino, online betting, and entertainment industries [2] Group 1 - The House Edge offers free excerpts from an upcoming book titled "The Smartest ever Guide to Gaming Stocks" for both existing members and new subscribers [1] - Howard Jay Klein's extensive background includes significant roles at major casinos such as Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace, showcasing his expertise in the industry [2] - Klein's investment strategy is centered around value investing, utilizing management quality as a key factor in his investment decisions [2] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies mentioned [3][4]
6 Stocks That Have Made the Most Millionaires in a Decade or Less
Yahoo Finance· 2025-09-21 21:05
Group 1: Market Overview - The U.S. stock market has a strong historical performance, returning about 10% annually for long-term investments, which can double investments in roughly seven years [1] - Selecting individual stocks can yield significantly higher returns, potentially exceeding 20 times the original investment over a decade if timed correctly [2][3] Group 2: Company Highlights - Netflix, Inc. (NFLX) has transformed video distribution and streaming, providing investors with returns of up to 10 times their investment from 2011 to 2021 [5] - Broadcom (AVGO) ranks as the 8th-largest company in the S&P 500, with stock performance turning an investment of $33,650 into $1 million over the past decade [7] - Align Technology, Inc. (ALGN) is known for its Invisalign clear aligners, offering investors over 31 times their money in a 10-year period, with significant profit margins from initial investments [12]
Rosen Law Firm Investigates Disney's Potential Violation of Children's Privacy Rights
Globenewswire· 2025-09-21 15:10
Core Viewpoint - Rosen Law Firm is investigating allegations against Disney for violating the Children's Online Privacy Protection Act (COPPA) by unlawfully collecting personal data from children under 13 who viewed Disney videos on YouTube without parental consent [1][3]. Group 1: Allegations and Legal Actions - The Department of Justice (DOJ) has alleged that Disney Worldwide Services, Inc. and Disney Entertainment Operations LLC failed to properly label some YouTube videos as "Made for Kids," which allowed them to collect data and serve targeted ads to viewers under 13 [3]. - Disney is accused of continuing these illegal data-collection practices even after being made aware of the issue, thereby improperly serving targeted ads based on unlawfully collected data [3]. Group 2: Compensation and Class Action - Parents of children under 13 who have viewed Disney videos on YouTube may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. - The Rosen Law Firm is preparing a class action seeking compensation for these privacy violations, encouraging affected parents to join the action [2]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its success in securities class action settlements, being ranked No. 1 by ISS Securities Class Action Services in 2017 and consistently in the top 4 since 2013 [4].
Comcast (CMCSA) Faces Broadband Competition Despite Strong Performance, Says RBC Capital
Yahoo Finance· 2025-09-21 07:59
Group 1 - Comcast Corporation (NASDAQ:CMCSA) is recognized as one of the top communication services stocks to buy, with RBC Capital Markets initiating coverage with a Sector Perform rating and a $38 price target [1] - The company has adjusted its pricing strategy to maintain its market position, but faces significant challenges from competitors as promotional offers end and customers explore alternatives [2] - RBC Capital Markets acknowledges Comcast's strong network approach but highlights long-term risks associated with its reliance on the DOCSIS upgrade path and potential need for costly fiber projects amid increasing competition [2] Group 2 - The risk-reward profile for Comcast appears favorable, but there are limited near-term catalysts for growth, and the lack of visibility into subscriber trends may hinder re-rating in the near future [3] - Comcast operates through three main business units: Cable Communications, NBCUniversal, and Sky, and is expanding its broadband offerings and enhancing network infrastructure to meet rising customer demand [4]
Gaurav Banerjee to serve as MD & CEO of Sony Pictures’ India unit till 2029
The Economic Times· 2025-09-21 07:26
SynopsisGaurav Banerjee's tenure as MD and CEO of Culver Max Entertainment, operating as Sony Pictures Networks India (SPNI), has been extended until August 2029. Shareholders ratified his five-year term at the AGM. Ritesh Khosla and Sibaji Biswas were also appointed as Whole-time Directors. SPNI reported ₹6,511 crore in revenue and ₹840 crore in net profit for FY24. ...
Harrison Global highlights strategic progress amid market volatility
Yahoo Finance· 2025-09-20 12:15
Core Insights - Harrison Global (BLMZ) Holdings issued a strategic business update in response to recent developments and stock activity, with shares closing at $0.166, reflecting market fluctuations [1] - The company is focused on executing its strategic roadmap to create long-term shareholder value through targeted acquisitions and partnerships [1] Acquisitions and Partnerships - Acquisition of Myth Korea is expected to accelerate Harrison Global's expansion in Asia and unlock new revenue opportunities in the entertainment sector, leveraging South Korea's global pop culture influence [1] - Acquisition of Pokemon Center Korea adds high-margin merchandise, retail foot traffic, and global brand equity to Harrison's entertainment portfolio, marking a significant milestone in immersive consumer entertainment [1] - Partnership with Biotree aims to diversify the company's portfolio and unlock long-term growth potential within the health sector, focusing on advanced biotech and wellness innovations [1] - Collaboration with GRAPES is designed to strengthen Harrison's leadership in AI-driven digital entertainment and virtual artist markets, reflecting the company's focus on next-generation media platforms [1] Future Goals - By 2026, the company aims to integrate its recent initiatives into a unified digital entertainment and health-tech ecosystem, delivering sustainable growth and maximizing shareholder value [1]
'Love Is Blind' alum sues Netflix and show producers for unpaid wages and inhumane conditions
NBC News· 2025-09-19 22:00
Former contestant Steven Richardson is suing the show and the producers and Netflix alleging inhumane working conditions and claiming the show owes him unpaid wages. We should note we reached out to Netflix and the production company Kinetic Content but did not hear back. >> So basically he is saying that they are not being paid enough money and that they also were being treated inhumanely.And that's a problem because he is saying they are not volunteers, they're not independent contractors, but that they a ...
Dave & Buster's Is Down 17%. Is the Stock a Buy?
The Motley Fool· 2025-09-19 21:45
Core Viewpoint - Dave & Buster's is facing significant challenges, with a 17% drop in stock price following disappointing Q2 earnings and a cautious outlook from the new CEO, indicating deeper operational issues and a tough recovery ahead [2][14]. Financial Performance - Comparable store sales decreased by 3% year over year, reflecting reduced foot traffic or spending per guest [3]. - Total revenue for Q2 was $557.4 million, a marginal increase of 0.05% [3]. - Net income fell to $11.4 million, or $0.32 per diluted share, representing a 67% decline from $40.3 million, or $0.99 per share, in the same quarter last year [4]. - For the first half of the fiscal year, total revenue was $1.125 billion, down 1.7% from $1.145 billion a year ago, with operating income dropping from $170 million to $116.2 million due to rising operating costs [6]. Strategic Missteps - CEO Tarun Lal acknowledged strategic errors, such as an overemphasis on appetizers, which led to smaller check sizes, and insufficient investment in new games, impacting customer engagement [7][8][9]. - A reduction in television advertising has also contributed to decreased brand awareness, which may harm long-term visibility despite short-term margin improvements [9][10]. Future Outlook - The outlook remains cautious, with analysts projecting earnings of only $0.46 per share for fiscal 2026, resulting in a high forward P/E ratio of 43.78, raising concerns about valuation given the lack of consistent growth [11][12]. - The stock's performance has lagged behind the broader market, indicating potential difficulties in attracting and retaining long-term investors [13]. Conclusion - While the CEO's acknowledgment of past mistakes is a positive step, proposed solutions may not suffice to drive significant growth, and without substantial strategic changes, the stock may continue to underperform [14][15].