/u/lowell2017's posts
Disney Turns A Streaming Profit Earlier Than It Originally Targeted At $47 Million As Entertainment Income Soars To $1.2 Billion Due To Success Of Inside Out 2 - Disney+ Core Subscribers (Not Including Hotstar) Rose To 118.3 Million, While Hulu Subscribers Rose To 46.7 Million.
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Sony Pictures Entertainment Profit Slides Down To $73M In First Quarter - Revenue Decreased To $852M Due To Reduced Number Of Theatrical Releases & New TV Season Launches. But Anime Streaming Service Crunchyroll Swelled The Coffers Through High Growth In Paid Subscriptions.
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WarnerDiscovery Looks To Avoid Breakup With Small Asset Sales Like Polish Broadcaster TVN-Executives Fear Triggering Both ‘Years Of Legal Challenges From Debt Investors & Very Significant Operational Challenges’ In Business Split But Cautioned That The Situation Is Fluid & Circumstances Could Change
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Disney Says It Might Have To Pay Comcast Up To $5B More To Buy Out Their Hulu Stake Dependent On Their Arbitration Dispute Over Its Fair Value That Started In May - They'll Share With Comcast 50% Of Estimated Tax Savings Resulting From Amortization Of Stake Purchase With Payments Made Over 15 Years.
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Sony's Tony Vinciquerra Confirms Joint Bid With Apollo For Paramount Global Was Ultimately For Its Library: “That Was Our Goal, Thing We Wanted In Deal. We Would Have Sold, Traded, Bartered, Or Done Something With Rest Of Company. It Got Complicated Since Shari Redstone Decided Not To Break It Up.”
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Delaware Magistrate Selena Molina Says Rhode Island State Pension Fund Hasn’t Shown Legitimate Purpose For Inspecting Internal Buyout Files & That Company Wrongfully Withheld Them. But Molina’s Preliminary Recommendation Still Subject To Review By A Chancery Court Judge, Who Will Issue Final Order.
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In The Last Few Days, The Company's Next Round Of Layoffs Has Been Estimated To Come As Soon As Next Week, With August 13th Deemed As The Potential Date. Workforce Reductions Will Most Likely Happen In Corporate & Marketing Areas With The Aim Of Streamlining Redundancies And Maximizing Efficiency.
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Not Sure If Delaware Chancery Court Judge's Final Order Has Been Released Yet, But The Rhode Island State Pension Fund Isn't Relenting On Magistrate's Ruling Towards Company, Having Already Appealed Decision. Redstones Bracing For Arrival Of More Shareholder Grievance & Discovery Request Lawsuits.
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Sony Rules Out Renewing Revised Offer For Paramount Global During Go-Shop, Says Acquisition Currently Wouldn’t Be Good Strategic Fit For Them At This Time: “If We Have To Acquire The Whole Of The Company, It Would Be Quite Risky Because It May Not Be Well-Fitted To Our Capital Allocation Structure.”
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We're At 30-Day Mark Of Go-Shop Period. Other Attractive Offers Aren't Likely Coming In 15 Days But Still Time To Have A Voice On Things, Especially If People Want To See Non-Public Disclosure Letter & Proxy Statement. News Won't Investigate Redstones Further Beyond National Amusements's $650M Debt.
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