Metaverse Games: Investment of Sony and KIRKBI in Epic for a reliable future of digital entertainment

TL;DR Breakdown Epic Games had announced fundraising of $2 billion to complete its metaverse games project. The funding was aimed at promoting the development of metaverse projects. Sony and KIRKBI an...

AT&T Cut Its Dividend With the Spinoff. Why It’s Still Generous.

Text size AT&T’s dividend commitment will total around $8 billion annually. Dreamstime AT&T has officially spun off its media business, with Warner Bros. Discovery trading on its own for the f...

AT&T Stock Rises After Completion of WarnerMedia Spinoff

Text size AT&T has completed the spinoff of WarnerMedia. Justin Sullivan/Getty Images AT&T wrapped up its WarnerMedia spinoff late last week, and the stock was rising on Monday. The stock jump...

How the AT&T Spinoff Has Complicated Trading in Its Stock

Text size Photograph by Mike Mozart Trading in AT&T stock on Monday may confuse some investors, because the base share price has been adjusted to reflect the closing on Friday of the merger of AT&...

Warner Bros. Discovery Stock Is Now Trading. Why It’s a Buy.

Warner Bros. Discovery is the new kid on the media block, with the assets to be a winner in the streaming wars and a cheap stock to get investors interested. Merger-related cost savings and content li...

Netflix and Other Tech Stocks Report Earnings Soon. What to Expect.

Text size Exposure to Russia is a concern for some tech companies this earnings season. Dreamstime The first-quarter tech earnings season is just around the corner, and Wall Street is getting just a w...

AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit

AT&T Inc. Chief Executive Officer John Stankey says inflation could prompt the wireless and broadband company to raise prices for some core services while it continues to cut costs after getting o...

Marissa Brooks Joins Blockchain.com to Lead Global Sports and Entertainment Partnerships

Blockchain.com, a leading cryptocurrency services provider, said on Friday that it hired Marissa Brooks to lead its Global Sports and Entertainment Partnerships Strategy division. According to the pre...

Will Smith banned from attending the Oscars for 10 years after slapping Chris Rock on stage

US actor Will Smith accepts the award for Best Actor in a Leading Role for “King Richard” onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Ro...

‘Dancing With the Stars’ moves to Disney+

This season’s remaining four couples will dance and compete in their final two rounds of dances in the live season finale where one will win the coveted Mirrorball Trophy. Eric Mccandless | Disn...

‘Sonic 2’ opening weekend could signal return of families to cinemas

Hollywood is keeping its eyes on a speedy blue hedgehog this weekend. Paramount’s “Sonic the Hedgehog 2” is the first major family-friendly film released in theaters this year and is...

MMA Entertainment Giant UFC to Pay Fighters Bitcoin Bonuses – Bitcoin News

On April 7, the digital currency exchange Crypto.com announced that fighters from the mixed martial arts (MMA) promotion company, Ultimate Fighting Championship (UFC), will be able to win Fight Night ...

Who loses if JetBlue buys Spirit? Comedians

Travelers check in for a Spirit Airlines flight at Orlando International Airport on the Friday before Memorial Day. Paul Hennessy | Lightrocket | Getty Images JetBlue‘s surprise $3.6 billion cas...

Disney networks among outlets that will air PSA featuring trans teen

Disney employee Nicholas Maldonado holds a sign while protesting outside of Walt Disney World on March 22, 2022 in Orlando, Florida. Employees are staging a company-wide walkout today to protest Walt ...

Elon Musk admits his Twitter investment isn’t passive and reveals that he began buying the stock in January

Elon Musk filed a new disclosure on his Twitter Inc. stake with the Securities and Exchange Commission on Tuesday, admitting that he invested in the company with the goal of effecting change and that ...

Elon Musk Named to Twitter’s Board. He Can’t Own More Than 14.9% of the Stock.

Text size Elon Musk gestures as he speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on Feb. 10, 2022. Jim Watson/AFP/Getty Images Elon Musk w...

Elon Musk Is Already Dropping Hints on His Plans for Twitter. So Much for ‘Passive.’

The world’s richest person may have taken a ‘passive’ stake in Twitter , but he is clearly intent on playing an active role in pushing for change on the platform itself. There is a chance the stake wi...

WarnerMedia’s Jason Kilar will depart CEO role as Discovery merger nears close

WarnerMedia CEO Jason Kilar will be stepping down from his role as the company’s merger with Discovery nears its close. Kilar made the announcement to employees via email on Tuesday before appea...

Web3 Is The Future Of Entertainment

Jay Bodnar watches as the first televised pictures of the moon’s surface are beamed back to earth in … [+] detail. The Ranger 9 unmanned probe shows Americans an unprecedented view of the ...

Cryptocurrency for Sports and Entertainment – crypto.news

Chiliz (CHZ), a cryptocurrency for governing sports brands, creates unique sports and entertainment opportunities for its holders, including fan tokens and club-related decisions. What Is Chiliz? Chil...

China Revises Delisting Rule. But Investors May Want to Sell on the Rally.

Text size The probability of a mass delisting of Chinese stocks like Alibaba may have ticked lower with revised rules from China’s regulators. Greg Baker/AFP via Getty Images The probability of ...

Russia war could further escalate auto prices and shortages

BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts. For more ...

Is This The Era Of Social Entertainment For Sales? Experts Tell All

Over the last few years, the world of social media has undergone a drastic transformation. This … [+] evolution is not just about the content itself, but fundamentally about how it is delivered....

Bill Ackman Is Chilling After Netflix

Text size Bill Ackman of Pershing Square Capital Management Patrick T. Fallon/Bloomberg Shareholder activism has come roaring back in 2022 but it’s missing one of its most prominent voices. There were...

Investors are fed up with Netflix and Facebook’s parent. Why this portfolio manager is digging in and buying more.

It has been a quarter to forget for two of the megacap tech giants, Netflix and Facebook parent Meta Platforms. The 34% decline for Meta FB was its worst on record — the 30% drop in the third quarter ...

Will Smith resigns from academy over Chris Rock Oscars slap

US actor Will Smith accepts the award for Best Actor in a Leading Role for “King Richard” onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Ro...

CHILIZ Launches Layer 1 Blockchain for Sports and Entertainment Industry

Chiliz has announced the launch of the Scoville testnet for the newly established Layer 1 blockchain network Chiliz Chain 2.0 (also known as CC2). Chiliz (CHZ) is a blockchain-based sports platform th...

‘Morbius’ reviews: Spider-Man spin-off is bad

Jared Leto stars as Michael Morbius in Sony’s “Morbius.” Sony It’s never a good sign when a critic says your movie could have been “better summed up in a two-minute trail...

Hong Kong, Bangkok, Tokyo, Singapore

Hong Kong is the top destination in Asia for foodies this year, according to new rankings released by the 50 Best organization. The city is home to 16 of the region’s “best” 100 rest...

Chiliz Plots Sports, Entertainment Crypto Ecosystem With 2.0 Chain

In brief Chiliz, the crypto startup behind fan token platform Socios, is launching a new blockchain platform. Sports and entertainment brands can build alongside the firm on Chiliz Chain 2.0, which is...

LAPD was ‘prepared’ to arrest Will Smith after he slapped Chris Rock

Will Smith accepts the award for Best Actor in a Leading Role for “King Richard” onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck ...