A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images “If you build it, they will come.” Universal’s president of domestic theatrical distribution borrowed the iconic line from “Field of Dreams” during the studios slate presentation at CinemaCon on Wednesday to describe how …
Still from “Doctor Strange in the Multiverse of Madness.” Disney Superhero flicks have kept the box office afloat this year, spurring movie theater operators to think that audiences might finally be ready to return to cinemas en masse. Domestic ticket sales for the first four months of the year are still down around 40% compared with 2019 pre-pandemic levels, but …
SINGAPORE — Shares in Asia-Pacific mostly slipped on Friday, as China did not lower interest rates despite analysts’ expectations for more stimulus. Investor focus turned to mainland Chinese stocks, with many major markets in the region closed for the Good Friday holiday. Mainland stocks have been under pressure for much of the past week, as China contends with the worst …
The Epic Games logo displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $1 billion in the company, Epic announced Monday, while KIRKBI, the family-owned …
SINGAPORE — Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen continued to weaken. Hong Kong’s Hang Seng index jumped 0.45%, as casino and tech stocks rose. Among the biggest gainers was JD Health, which soared nearly 16%, after it said Monday it would conduct a share buyback …
Tech analyst Richard Kramer is still positive on the semiconductor sector, despite growing concerns of supply disruptions and rising costs. Source link
Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Netflix is pulling its service in Russia following the country’s invasion of Ukraine, the company confirmed to CNBC. “Given the circumstances on the ground, we have decided to suspend our service in Russia,” a spokesperson said Sunday afternoon. The Russian market makes …
Robert Pattinson stars in “The Batman.” Warner Bros. “The Batman” swooped into theaters this weekend, tallying the second-highest domestic opening of the pandemic era. The Warner Bros.’ film generated $128.5 million in ticket sales over the weekend, coming in above the studio’s expectations of $110 million. “[The 2022 box office] got its official start got its official start this weekend …
Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix has offered to buy mobile game maker Next Games as the streaming giant pushes further into gaming. Next Games is the Finnish studio behind a mobile game based on Netflix’s hit show “Stranger Things.” Netflix plans to pay 2.10 euros ($2.33) in cash per …
Still from Pixar’s “Turning Red.” Disney The Walt Disney Company will halt all future theatrical film releases in Russia following the country’s attack on Ukraine. “Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are pausing the release of theatrical films in Russia, including the upcoming ‘Turning Red’ from Pixar,” the company said in a statement Monday. …
