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January 26, 2022

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Microsoft’s $68.7 billion deal for Activision once again shows big tech’s dominance over legacy media

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CNBC – For more and to sign up click here Microsoft’s decision to buy video game company Activision Blizzard in a $68.7 billion shows big tech firms keep pushing the envelope while legacy media companies, desperate to reposition themselves for younger audiences, sit on the sidelines. The largest technology companies,......

With just $36.6 million in ticket sales, ‘West Side Story’ is officially a box office bomb

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CNBC – For more and to sign up click here Despite rave reviews, Steven Spielberg’s “West Side Story” has failed to gain traction with audiences at the box office. In its first three weeks in cinemas, the adaption of Leonard Bernstein and Stephen Sondheim’s Tony Award-winning musical, has captured just......

‘Spider-Man: No Way Home’ provides hope for the 2022 box office, but there are still hurdles ahead

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CNBC – For more and to sign up click here Tom Holland stars as Spider-Man in “Spider-Man: No Way Home.” Sony The opening weekend of “Spider-Man: No Way Home” was a welcome boost to the domestic box office. Not only did the Sony–Marvel collaboration shatter box office sales records set......

10 media execs, under the cloak of anonymity, predict 2022’s industry-shaking events

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CNBC – For more and to sign up click here Chairman of Disney Michael Iger arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images New year prediction pieces are a journalism standard. But instead of giving my......

‘Spider-Man: No Way Home’ snares $50 million in Thursday previews, sets sights on $200 million opening

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CNBC – For more and to sign up click here Tom Holland stars as Spider-Man in “Spider-Man: No Way Home.” Sony “Spider-Man: No Way Home” is already setting box office records. The Sony and Marvel Studios film tallied $50 million in ticket sales from Thursday previews. Not only is this......

‘Spider-Man: No Way Home’ set to dominate domestic box office, nab highest opening of the pandemic

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CNBC – For more and to sign up click here Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney The domestic box office may have finally found a hero. Marvel’s friendly neighborhood Spider-Man swings into U.S. theaters this weekend with the promise of big gains for......

Sports betting and the rise of DraftKings

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CNBC – For more and to sign up click here Sports betting in the U.S. is booming. For the 2021 NFL season, an estimated 45 million Americans are expected to wager a total of at least $12 billion. Since a 2018 Supreme Court ruling, sports betting is now legal in more......

Comcast shares dip on broadband subscriber guidance that shows slowing growth

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CNBC – For more and to sign up click here Shares of Comcast dipped Tuesday after the president and CEO of Comcast Cable, Dave Watson, said the company expects to add 1.3 million high-speed internet customers for the year. That’s short of analyst expectations for 1.4 million subscribers, per a......

‘Spider-Man: No Way Home’ ticket demand crashed box office sites, and that’s a good thing

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CNBC – For more and to sign up click here Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney When the clock stuck midnight on Nov. 29, tickets for “Spider-Man: No Way Home” went on sale. Within minutes domestic movie ticket sites began to crash as......

Thanksgiving box office tops $142 million as moviegoers return for ‘Encanto,’ ‘House of Gucci’

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CNBC – For more and to sign up click here Stephanie Beatriz voices Mirabel Madrigal in Disney’s “Encanto.” Disney While the Thanksgiving box office didn’t deliver the typically strong results that the movie theater industry has come to expect in the last decade, ticket sales for new titles fueled confidence......

Disney’s ‘Encanto’ and the launch of vaccines for kids raise Thanksgiving box office hopes

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CNBC – For more and to sign up click here Stephanie Beatriz voices Mirabel Madrigal in Disney’s “Encanto.” Disney The week of Thanksgiving is typically a robust time at the box office, as parents with small children flock to cinemas to see new animated features and families seek out the......

Sports fans are being sidelined as local hoops and hockey networks fight the decay of pay TV

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CNBC – For more and to sign up click here Nikola Jokic #15 of the Denver Nuggets shoots the ball during the game against the San Antonio Spurs during Game Five of Round One of the 2019 NBA Playoffs on April 23, 2019 at the Pepsi Center in Denver, Colorado.......

Disney makes the trend clear: Growth is slowing for streaming services

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CNBC – For more and to sign up click here Disney‘s earnings report Wednesday told a familiar story for its streaming service, Disney+: Subscriber counts are still growing, but the growth is slowing. Disney announced added 2.1 million subscribers for its fiscal fourth quarter, which ended Oct. 2. That’s down......

AMC’s profitability hangs on the domestic box office topping $2 billion in Q4. Here’s what would need to happen

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CNBC – For more and to sign up click here An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, June 2, 2021. Carlo Allegri | Reuters AMC Entertainment has set a new, more attainable target for the 2021 domestic box office in......

Marvel’s ‘Eternals’ tallies a $71 million opening at domestic box office

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CNBC – For more and to sign up click here (L-R) Lauren Ridloff, Don Lee, Angelina Jolie, Richard Madden, Salma Hayek, Gemma Chan, Lia McHugh and Brian Tyree Henry star in Marvel’s “Eternals.” Disney “Eternals” may be the lowest-rated film in the Marvel Cinematic Universe, but that didn’t stop moviegoers......

‘Venom 2,’ ‘No Time to Die’ fueled October ticket sales, leading to best box office month of 2021

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CNBC – For more and to sign up click here Tom Hardy stars in Sony’s “Venom: Let There Be Carnage.” Sony Don’t count out the domestic box office just yet. A combination of new movie releases, many of which appeared exclusively in theaters, coupled with growing consumer confidence in returning......

Facebook’s Meta mission was laid out in a 2018 paper declaring ‘The Metaverse is ours to lose’

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CNBC – For more and to sign up click here Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic | Reuters In June 2018, Oculus executive Jason Rubin sent an email to Facebook board member Marc......

‘Eternals’ is ambitious and ‘refreshingly diverse,’ but is overstuffed and ‘a snooze,’ critics say

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CNBC – For more and to sign up click here (L-R) Lauren Ridloff, Don Lee, Angelina Jolie, Richard Madden, Salma Hayek, Gemma Chan, Lia McHugh and Brian Tyree Henry star in Marvel’s “Eternals.” Disney An ambitious and unique film, “Eternals” might be one of the most divisive installments in the......

Comcast is set to report third-quarter earnings before the bell

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CNBC – For more and to sign up click here Brian Roberts, Chairman and CEO of Comcast David A. Grogan | CNBC Comcast will report third-quarter earnings before the bell Thursday. Here’s what analysts are expecting: Earnings: $0.75 per share adjusted, according to Refinitiv Revenue: $29.87 billion, according to Refinitiv......

Big Tech earnings in the week ahead could test stocks’ recent rally

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Wednesday, Aug. 11, 2021. Michael Nagle | Bloomberg | Getty Images An earnings avalanche is coming in the week ahead that could put the stock......

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