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7:09 p.m. March 29, 2021 - MarketWatch
Activision Blizzard names new CFOActivision Blizzard Inc. named a new finance chief, a move that comes as the company's lawsuit against Netflix Inc. for allegedly poaching its former chief financial officer continues. Santa Monica, Calif.-based Activision Blizzard, which is known for videogame franchises Call of Duty and World of Warcraft, said Monday it has promoted Armin Zerza to the role of CFO.
11:13 a.m. March 20, 2021 - By Richard Eisenberg
Live positive, age positive: The secret to wealth and health as you grow older The author of ‘The Power of Positive Aging’ talks about coping with cancer, protecting your immune system, and how aging is merely an ‘inconvenience’The author of a new book says that a positive mindset helps you cope with serious challenges as you age.
4:28 p.m. Dec. 20, 2020 - MarketWatch
'Star Wars' novelists seek royalties from DisneyAlan Dean Foster was in his late 20s when George Lucas, standing near a model of the Millennium Falcon in a warehouse in Southern California, met him to discuss writing the novel adaptation of his forthcoming movie "Star Wars."
6:57 a.m. Dec. 15, 2020 - By Emily Bary
Zynga stock gains after Wells Fargo upgradeShares of Zynga Inc. are up 2.5% in Tuesday morning trading after Wells Fargo analyst Brian Fitzgerald upgraded the stock to overweight from equal weight. " We think shares of Zynga present a favorable risk/reward in light of a new, more detailed strategic vision of organic growth, which CEO Gibeau recently articulated," he wrote in a note to clients. Fitzgerald is upbeat about Zynga's vertically integrated advertising network, its broader portfolio of franchises that will enable the company to allocate advertising spending toward areas with the greatest returns on investment, and an expansion of the business beyond the mobile platform. "We think ZNGA's investment in supporting new launches (i.e. 'Harry Potter, Puzzles & Spells') is underappreciated by the market, and data on app usage have inflected back upwards in Nov and Dec after a lull in July through September," he wrote. Zynga's stock has declined 9.7% since Nov. 4, when Zynga last reported quarterly earnings. The S&P 500 has added 5.9% in that time.
11:09 p.m. Dec. 13, 2020 - MarketWatch
Vivendi enters exclusive talks for Prisma MediaRegulatory News: Vivendi (Paris:VIV) announced today that it has entered into exclusive negotiations with Gruner + Jahr/Bertelsmann to acquire 100% of Prisma Media. This acquisition would perfectly fit with Vivendi's strategy as a leading media, content and communications group, complementing the scope of its existing activities.
8:27 a.m. Dec. 4, 2020 - By Ciara Linnane
Why cinema will survive the coronavirus pandemic In the end, our emotional attachment to moviegoing will fuel a recovery from 2020’s coronavirus-driven slumpCinema will survive the 2020 pandemic, but the uncertain outlook will create casualties.
5:33 a.m. Oct. 1, 2020 - Associated Press
NFL urged by players association to replace all artificial-surface fields with natural grass Noncontact knee and ankle injuries occur more frequently on synthetic surfaces, according to an analysis of the league’s official injury reports The NFL Players Association president cited the league’s official injury reports from 2012 to 2018.
5:19 a.m. Sept. 21, 2020 - By Emily Bary
Microsoft to buy Bethesda Softworks parent ZeniMax Media for $7.5 billion in big bet on gamingMicrosoft Corp. announced Monday morning that it would be acquiring ZeniMax Media, the parent company of game publisher Bethesda Softworks, for $7.5 billion in cash. Shares of Microsoft are down 1.8% in premarket trading. The company said in its release that games "are fueling new cloud-gaming services like Xbox Game Pass," which has over 15 million subscribers. Microsoft plans to add Bethesda's "iconic franchises" to the GamePass library and it intends to bring future Bethesda games to Game Pass on the same day that they launch on Xbox or PC. "Quality differentiated content is the engine behind the growth and value of Xbox Game Pass-from Minecraft to Flight Simulator," Chief Executive Satya Nadella said in a release. "As a proven game developer and publisher, Bethesda has seen success across every category of games, and together, we will further our ambition to empower the more than three billion gamers worldwide." Microsoft expects the deal to close in the back half of fiscal 2021 and have "minimal impact" on non-GAAP operating income in fiscal 2021 and fiscal 2022. Microsoft shares are up 13% over the past three months as the Dow Jones Industrial Average has gained 7%.
3:15 a.m. Aug. 10, 2020 - By Tonya Garcia
Papa John’s CEO highlights ‘resiliency’ of the pizza business as revenue reaches record level Papa John’s stock climbs more than 19% as North American same-store sales soar 28%Papa John’s Chief Executive Rob Lynch says the pizza business can withstand the challenges of recession and other economic troubles.
11:14 a.m. July 23, 2020 - By Weston Blasi
Two ways Washington changing its ‘Redskins’ nickname could make the team money Team owner Daniel Snyder is likely to profit from changing the nickname of his franchiseAfter immense public pressure from both fans and sponsors, the professional football team in Washington, D.C. will have a new name.
6:21 a.m. July 7, 2020 - By Elisabeth Buchwald
Lawmakers and Transportation Secretary’s family-owned business collectively received millions of dollars in PPP loans The Trump administration issued a ‘blanket approval’ ruling in mid-April that allowed lawmakers to avoid an ethical review for potential conflicts of interest when applying for a PPP loanThe Trump administration issued a ‘blanket approval’ ruling in mid-April that allowed lawmakers to avoid an ethical review for potential conflicts of interest when applying for a PPP loan.
3:57 a.m. July 2, 2020 - By Dawn Pennington
What a long, strange trip summer vacation will be this year Social-distancing prudence means we’ll drive or stay at home, and we’ll use media more than ever Social-distancing prudence means we’ll drive or stay at home, and we’ll use media more than ever, writes Dawn Pennington.
8:40 a.m. June 18, 2020 - By Emily Bary
Spotify stock surges after landing podcast deals with Kim Kardashian, DCSpotify Technology SA shares [S: SPOT] are up more than 12% in Thursday trading amid optimism for a series of podcast deals. The company announced Tuesday that it was partnering with Warner Bros. and DC to create and distribute exclusive narrative podcasts focused on the DC universe. "In addition to producing narratives based on existing characters and franchises from across Warner Bros. and DC, the two entities will also collaborate with Spotify to create new programming from original intellectual property," Spotify said in a blog post. The Wall Street Journal reported late Wednesday that the company had also reached a deal with Kim Kardashian West . Spotify is deepening its involvement in podcasts and agreed to purchase sports-content brand The Ringer earlier this year in an attempt to build out its sports vertical. Spotify shares are up 86% over the past three months as the S&P 500 has added 30%.
4:29 a.m. May 26, 2020 - By Emily Bary
Take-Two stock gains after BMO upgradeShares of Take-Two Interactive Software Inc. are up 1.2% in premarket trading Tuesday after BMO Capital Markets analyst Gerrick Johnson upgraded the stock to outperform from market perform, writing that the video-game maker could continue to benefit from stay-at-home trends as the industry has proven defensive in times of economic unease. "Take-Two's performance in 4Q illustrates the strength of its core franchises during this time of uncertainty and we are encouraged by the company's strategy to seize opportunities in new platforms, distribution models, and game genres, which should provide more stable, growing earnings and cash flow over time," Johnson wrote. He praised the company for embracing new revenue streams and being "one of the first large publishers" to offer its games on the Nintendo Switch, Alphabet Inc.'s Google Stadia, and Epic Games Store. "It is expanding its sports offering, providing an opportunity for more regular annualized releases," Johnson wrote. "And we see significant opportunities in mobile, where the company is underpenetrated." He raised his price target to $170 from $120 in conjunction with the upgrade. Take-Two shares have added 28% over the past three months as the S&P 500 has shed 5.2%.
9:45 a.m. May 19, 2020 - By Emily Bary
Apple has been acquiring some older shows to help bulk up Apple TV+ library: reportApple Inc. has been in talks about licensing older TV and movie content as it looks to bulk up its Apple TV+ library, . The report, which cites multiple anonymous sources, said that Apple has also acquired some shows and movies, though it "hasn't yet acquired any huge franchises or blockbusters for its back catalog." The move comes as the company is trying to compete with Netflix Inc. , Walt Disney Co.'s Disney+, and other streaming rivals that have sizable arsenals of older content in addition to new original programming. Apple launched its TV+ service in November and charges $4.99 a month for the service, though it has been offering a year of the service for free to customers who purchase Apple hardware devices like iPhones, Macs, and iPads. The company didn't immediate respond to MarketWatch's request for comment. Apple shares are up 0.9% in Tuesday trading. They've lost 2.3% over the past three months as the Dow Jones Industrial Average , of which Apple is a component, has shed 16%.
4:59 a.m. May 2, 2020 - By Mike Murphy
AMC vows to bar Universal movies from its theaters after video-on-demand comments Theater chain lashes out after NBCUniversal CEO says its future releases will be released both in theaters and digitallyAMC Entertainment, the world’s largest movie-theater chain, said Tuesday it will no longer play any movies from Universal Pictures after comments by NBCUniversal CEO Jeff Shell that the entertainment giant plans to release future movies directly to homes on-demand.
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