Tag Archives: Entertainment

Bloomberg U.K.’s Giant Battery Factory Developer Looks for a SPAC Deal (Bloomberg) — Britishvolt Ltd., the developer of the first giant battery factory in the U.K., is considering going public.The company has appointed Guggenheim Securities LLC and Barclays Plc as advisers to look into options including listing in the U.S. through a merger with a special purpose acquisition company, or SPAC, Orral Nadjari, founder and chief executive officer of Britishvolt, said in an interview. The deal… Source link

Dalian Wanda, which acquired AMC Entertainment in 2012, surrendered control of the struggling exhibitor as it issued and sold tranches of new stock to raise cash — diluting the stake of the Chinese conglomerate. CEO Adam Aron confirmed the Wanda era was over although the company continues to be AMC largest single largest shareholder. Wanda holds less than 10% of the world’s biggest cinema chain. “They have been absolutely delightful,” he said on a post-earnings conference call… Source link

AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

Bloomberg Buffett’s Berkshire Snaps Up Record $24.7 Billion of Own Stock (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought back a record $24.7 billion of its own stock last year and said there’s more to come, as the conglomerate struggled to find other ways to deploy its enormous pile of cash.The company’s purchase of $9 billion of shares in the fourth quarter matched a record set in the previous three-month period, Buffett said Saturday in his annual letter to… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link

Add comment 2500)this.value=this.value.substr(0,2500);” onkeydown=”if(this.value.length>2500)this.value=this.value.substr(0,2500);”> We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is… Source link

LOS ANGELES, Nov. 21, 2020 /PRNewswire/ — Triller announced today: Dear Mr. Google: I am writing this letter in hopes someone more senior may be able to help me with an issue Triller currently has with a listing by Google causing serious confusion in the marketplace. Specifically, we have spent significant time and money putting together an event the Mike Tyson… Source link

President Trump triggered social media buzz during a Nov. 13 press conference when his hair looked grayer than usual. Depicted on Nov. 5, 2020 (L) and Nov. 13, 2020 (R). (Photos: Getty Images) <p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="While President Trump made his first post-election remarks to discuss the Pfizer COVID-19 vaccine, his silver-toned hair, a variation on his trademark blond locks, caused a stir.” data-reactid=”32″>While President… Source link

AMC (AMC) and other entertainment stocks surged on Monday in the wake of Pfizer (PFE) and BioNTech (BNTX) announcing positive news about their leading COVID-19 vaccine candidate, which demonstrated a high level of efficacy in testing. Even as the U.S. topped 10 million coronavirus cases, markets — which for months have been pricing in hopes of an end to the crisis — skyrocketed on the news. The Dow (^DJI) and S&P 500 (^GSPC) both opened at record highs, tempering those gains slightly by… Source link