Regal parent Cineworld said it’s opted to pursue a sale of assets and the process “is well under way” with non-binding bids due Feb 16.
Regal parent Cineworld said it’s opted to pursue a sale of assets and the process “is well under way” with non-binding bids due Feb 16.
Twitter to share updates as he was caught up in the undersea earthquake which shook part of western Indonesia this morning.The BBC weatherman admitted the experience was "somewhat unsettling" as he felt an explosion "deep underground" before being "briefly jolted upwards".Tomasz took to Twitter to share what had happened in view of his 97,200 followers with a video of the "unsettling" weather and how close he was to the 6.2 magnitude undersea earthquake in Indonesia.He wrote: "It’s not often that you get to experience a thunderstorm AND an #earthquake at the SAME TIME."Like something exploded deep underground & briefly jolted us upwards.Somewhat unsettling but interesting."Restaurant staff were even startled for a sec. I won’t forget this 'quake storm'."Social media users shared their concern in the comments, while WinterFell1701 commented: "Sounds great, Bali, sitting on an active subduction zone, has lots of EQs and volcanoes, the storm would not be related to cause of EQ before anyone suggests it.
Investor Nelson Peltz’s broadside against the the Walt Disney Co., and the prospect of rare proxy fight at the media giant, stunned media circles this week — and a flurry of SEC filings over the past few days suggest plenty more fireworks to come.
Apple CEO Tim Cook came close to $100 million in total compensation for the second straight year, taking home $99.4 million in fiscal 2022, according to a proxy statement filed with the SEC.
Netflix has hired PayPal veteran Jeffrey Karbowski, 45, as VP and Chief Accounting Officer.
Channel 4 privatization is off the table.
Exhibition giant Cineworld, which filed for Chapter 11 bankruptcy in the U.S. last September, has said it will not sell off any of its assets individually, and has clarified that neither it nor its advisors have participated in discussions with AMC regarding the sale of any of its cinemas. This comes about two weeks after AMC said it held talks with lenders about potentially acquiring theaters from the portfolio of its rival.
A well-kent face was spotted at Glasgow's Irn-Bru Carnival on Friday afternoon with many youngsters left star-struck when 'Peter Pan' turned up.
Fans hoping to get a quick resolution to the shocking BLACK EYE that Heather Gay revealed in the final moments of last week's Real Housewives of Salt Lake City will be disappointed with Wednesday's new episode, dubbed White Lies and Black Eyes.After a long night of partying that went well beyond 4 AM, Heather woke up with a gruesome black eye plus scratches on her arms and back.However... when she confided in Jen Shah and Meredith Marks, she admitted that she didn't know how it happened...
AMC Entertainment said it held talks with lenders about potentially acquiring theaters from the portfolio of bankrupt rival Cineworld, which owns Regal Cinemas.
Twitter’s new owner Elon Musk has unloaded another 22 million shares of his publicly-traded electric automaker Tesla, raising north of $3.5 billion.
Warner Bros Discovery now expects to incur total pre-tax restructuring charges of $4.1 – $5.3 billion, which includes $2.8 – $3.5 billion of content impairment and development write-offs as it takes a hatchet to its programming. That’s well above the merged company’s initial announcement of charges for $3.2 – $4.3 billion related to its restructuring and transformation initiatives, which included $2 – $2.5 billion on th content side.
Rupert Murdoch and the Murdoch Family Trust will not vote in favor of a Fox-News Corp. merger unless the combination has the blessing of special committees of outside directors, and of non-Murdoch affiliated stockholders.
BuzzFeed announced that it was cutting the size of its workforce by 12%, the latest media company to go through layoffs amid worsening economic conditions.
AMC Networks, whose CEO Christina Spade resigned last week, said Monday its board has named James Dolan “interim executive chairman.”
The moon colony is closing down as AMC+ will not proceed with a second season of Moonhaven. Word of the cancellation comes four months after the dystonic sci-fi series was renewed for a second season and days after AMC Networks announced sweeping cost-cutting measures as CEO Christina Spade stepped down, which included laying off 20% of its U.S. staff, and write-downs for up to $475 million as it restructures its business. Up to $400 million of that is for content-related moves the company calls “strategic programming assessments”
AMC Network said today it will take write-downs for up to $475 million as it restructures its business to cut costs. That includes up to $400 million for content it calls “strategic programming assessments” and $75 million for organizational restructuring costs including severance.
Disney said an upcoming restructuring under new/old CEO Bob Iger could result in impairment charges. It also noted that, as expected, it’s acquired the remaining 15% of streaming tech company BamTech it didn’t already own, paying $900 million. The news was tucked in a long year-end SEC filing today after a tumultuous ten days for the company.
Bob Iger, who was reinstalled as CEO of the Walt Disney Co. yesterday, will be eligible to receive up to $27 million in each of the two years he is under contract to lead the company.
Lionsgate this week has started the formalities around spinning off its studio from Starz and anticipates filing the deal with the SEC in March, and completing the separation of the businesses by the end of its fiscal second quarter next September, vice chair Michael Burns said today, officially resetting the timeline for a deal Wall Street’s been anticipating for the better part of a year.
Famed investor Warren Buffett’s Berkshire Hathaway knocked Paramount Global shares higher after disclosing that it has raised his stake in the media company.
Elon Musk has sold nearly $4 billion worth of Tesla stock in the less than two weeks since he closed the deal to buy Twitter. That’s according to CNBC, citing SEC filings.
Publicly-traded in-theater advertising network National CineMedia may be delisted from the Nasdaq stock market if its share price doesn’t perk up.
Former CBS chief Les Moonves and Paramount Global have agreed to pay an additional $9.75 million to resolve an investigation by the New York State Attorney General’s office.
Warner Bros. Discovery will take a hit of between $1.3 billion and $1.6 billon in pre-tax restructuring charges for the third quarter ended in September as part of the ongoing merge of its operations, primary from content write-downs.
Anna Tingley If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. The deals continue rolling in this week. Paramount+ is now offering an annual subscription for half off, bringing down the price for its 12-month essential ad-supported plan from $49.99/year to only $24.99/year. The premium, ad-free plan is now $49.99 (normally $99.99). The deal, which runs through Nov. 3, also comes with a free Fire TV Stick Lite, which is capable of streaming 1080p and normally costs $29.99. The limited-time promo is pegged to the UEFA Champions League. The tournament is currently in the group stages, and the year-long subscription will allow you to stream the games live through the Finals on June 10, 2023. Aside from soccer, you can also catch the NFL and SEC on CBS, complete with highlights, replays and expert analysis provided by CBS Sports HQ.
Todd Spangler NY Digital Editor There’s a new wrinkle in the six-month-plus saga of Elon Musk’s mercurial attempt to buy Twitter. The multibillionaire is being investigated by federal authorities over his “conduct” in connection with his proposed Twitter acquisition, according to a letter from the company’s lawyers filed with the Delaware Chancery Court. The letter was filed Oct. 6 and released publicly Thursday. Twitter sued Musk in the Delaware court, demanding that he fork over the $44 billion he had agreed to under the binding pact reached in April. Twitter asserted that Musk’s legal team “exchanged substantive correspondence” with federal authorities — and that despite Twitter requesting copies of those documents “months ago” they had still not materialized. Twitter filed a motion seeking to have the court order Musk to produce the documents. Its letter cited drafts of a May 13 email to the SEC and a slide presentation to the FTC that Musk’s attorneys had identified as privileged documents.
Todd Spangler NY Digital Editor UDPATED: A Delaware judge granted mega-billionaire Elon Musk’s motion to halt Twitter’s upcoming trial — seeking to compel him to pay what he promised for the company — until Oct. 28 in order to allow the parties to close on the $44 billion deal. Musk, after trying for three months to exit his deal to buy Twitter, in the last few days has grown frustrated that Twitter wasn’t calling off its lawsuit. Lawyers representing Musk, in a filing Thursday with the Delaware Court of Chancery, requested that the trial, slated to commence Oct. 17, be suspended while he works out a deal to finalize the required debt financing to swing the acquisition. Musk expects that to happen by Oct. 28, per the court filing.
sent a letter suggesting they close the deal at the agreed-upon price of $54.20 per share. Twitter ostensibly accepted those terms – but for reasons that aren’t yet clear is dragging its feet on vacating the lawsuit to enforce them.“Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders’ interests,” according to Musk’s filing.Filed in a chancery court in Delaware, the suit seeks to enforce the contract sale that Musk tried to back out of over his concerns about the number of spam accounts among Twitter’s nearly 400 million users.To recap: When Musk first expressed interest in buying Twitter, leadership flew into a panic and introduced a poison pill provision to stop him.
Kim Kardashian could face a "speed bump" in her efforts to become a lawyer after being fined by the US Securities and Exchange Commission. The 41-year-old star recently agreed to pay a $1. 26 million fine for advertising the cryptocurrency EthereumMax on her Instagram page, and Andrew Stoltmann, a professor of securities law at Northwestern University, has suggested that it could hinder Kim's career ambitions.
Kim Kardashian has been faced with a £1.12m ($1.26m) fine for advertising EthereumMax on her Instagram page without informing fans that it was an ad.The 41-year-old influencer also failed to disclose the fact that she was paid £220,000 ($250,000) for promoting the cryptocurrency asset on her social media feed, according to the Securities and Exchange Commission.She has now agreed that she will not promote crypto asset securities for three years.READ MORE: Kim Kardashian swears off dating after Kanye and Pete splits, saying she's 'not ready'Talking to BBC News, her lawyer said: "Ms Kardashian is pleased to have resolved this matter with the SEC."Kardashian fully cooperated with the SEC from the very beginning and she remains willing to do whatever she can to assist the SEC in this matter. "She wanted to get this matter behind her to avoid a protracted dispute.Since the news of Kim's fine hit Twitter, fans had quite a lot to say about it.One social media user wrote: "This was a pump and dump scheme and some people lost their life savings because celebrities know that they can do whatever tf they want, if they steal, they pay a fine if people steal, they go to jail.
and paid a fine because her cryptocurrency influencing was not exactly legal. The and paid the Security and Exchange Commission (SEC) a fine of $1.26 million to settle a dispute over an ad for cryptocurrency EthereumMax she posted on Instagram. reports that the SEC charged with “failure to disclose that she was paid $250,000 to publish her Instagram post.” According to the SEC, Kardashian “violated the anti-touting provision of the federal securities laws.” Kardashian posted the ad for EthereumMax on Instagram Stories in June of 2021.
Kim Kardashian has expanded her cultural empire with the release of her new Spotify-exclusive podcast on Monday.The first two episodes of Kim Kardashian’s The System: The Case Of Kevin Keith are now available to listeners, and they arrive two years after the 41-year-old reality star signed an exclusive deal with the music and podcast streaming service.The series, which Kardashian narrates, is inspired by her years-long interest in criminal-justice reform and focuses on Kevin Keith, an Ohio man who was sentenced to death for committing a triple murder, before former governor Ted Strickland commuted his sentence to life without parole in 2010. New venture: Kim Kardashian, 41, launched her Spotify-exclusive podcast Kim Kardashian’s The System: The Case Of Kevin Keith on Monday, with the first two episodes made available; seen September 24 in Milan, ItalyJoining Kardashian in narrating the podcast is Lori Rothschild Ansaldi, a producer and fellow criminal-justice reform advocate.
Kim Kardashian will pay a $1.26m (£1.12m) fine after advertising the cryptocurrency EthereumMax on Instagram. Kim, 41, received $250,000 for advertising the cryptocurrency, but did not disclose that she had been paid to tout the crypto asset, it has been revealed.
Kim Kardashian may be a lawyer(ish), but she lost this legal battle!
Paying the price. Kim Kardashian agreed to give more than $1 million to the U.S. Securities and Exchange Commission amid an ongoing investigation regarding her promotion of cryptocurrency brand EthereumMax.
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