Meta Platforms Inc., the owner of Facebook, Instagram and WhatsApp, handily beat Wall Street estimates in its third-quarter earnings, delivering revenue of $40.6 billion, net income of $15.7 billion and earnings per share of $6.03, all up substantially from 2023. The Street had been targeting revenue of $40.3 billion and EPS of $5.25. However, the company also reiterated that it...

Stuart Ford, chairman and CEO of AGC Studios, and Sebastien Raybaud, founder and CEO Anton, are set for informal conversations at the 45th American Film Market next week. Their appearances will be part of 30 panels and presentations by industry leaders when AFM for the first time is staged in Las Vegas, at the Palms Casino Resort from Nov. 5...

Ryan Reynolds and Rob McElhenney are making some big changes in Wrexham. The actors, Welcome to Wrexham stars and owners of the football club Wrexham AFC, are selling a minority stake in the club, and also acquiring a local brewery, in a bid to grow the club and its influence. Reynolds and Rob McElhenney are selling the stake to the...

NBA star Anthony Edwards is making a major push into unscripted TV, with his production venture Three-Fifths Media inking a deal with Brent Montgomerys Wheelhouse. Edwards, a star player for the Minnesota Timberwolves, is currently starring in the Netflix docuseries Starting 5. He launched Three-Fifths Media in 2019 with his partner and business manager Justin Holland. I love the business...

Amazon is making a big bet on the creator economy, investing in the creator-focused firm Spotter and cutting a wide-ranging deal with the company that will give its clients compelling new business opportunities with Amazon. That could include deals with Amazon MGM Studios, Prime Video, Twitch, Amazon Live, and other channels like retail and merchandising. Spotter provides guidance, tools and...

If youre planning on attending Tom Rothmans birthday party in November, youll need a costume. Rumor has it the Sony chairman is asking invitees to dress up as characters from movies made under his reign. Luckily, its a long list of wardrobe choices, stretching back a multitude of decades. You could go as Jack Dawson from 1997s Titanic. Or Satine...

The Walt Disney Co. is betting that James Gorman can pull off a succession two-fer. The former Morgan Stanley CEO executed what is considered among the smoothest succession processes in recent corporate history: He announced his plan in May to exit the investment bank; revealed that three internal candidates were in the running; chose one (Ted Pick); and did so...

Video game company Electronic Arts saw revenue rise to $2.02 billion in its second quarter, up 6 percent on a year-earlier $1.9 billion, on the strength of Americanfootball video game sales expansion. EA posted net income at $294 million, or $1.11 per share, compared to a year-earlier net income at $399 million, or $1.47 per share. The company saw its...

Snap Inc. says that its Snapchat app added 37 million daily active users in its third quarter, giving it 443 million total, and that time spent watching content rose by 25 percent year over year. Revenue was $1.37 billion, up 15 percent year over year, while the company posted a net loss of $153 million, a significant improvement compared to...

YouTube advertising revenue jumped to $8.9 billion in the quarter ended Sept. 30, 2024, up from $7.9 billion a year earlier. YouTubes parent company, Alphabet, beat Wall Streets revenue and profit expectations with revenue increased 15 percent compared to last year to reach $88.3 billion, with Google advertising representing most of the revenue, while net income increased 34 percent to...

Dozens of postproduction staffers employed by Paramount Global are protesting their impending layoffs in a letter to management, claiming that the employer is engaging in union busting. As deep cuts to staff roil the conglomerate while it moves ahead with its plan to trim $500 million in costs, staffers of Paramounts Digital Post Services unit delivered a letter on Oct....

Sunset Blvd. continued to climb the grosses charts, bringing in $1.67 million in its first week of eight performances, which included several comped performances for press. The revival of the Andrew Lloyd Webber musical, directed by Jamie Lloyd and starring Nicole Scherzinger, opened at the St. James Theatre on Oct. 20. The numbers gave Sunset a place in the top...

On Sunday, Oct. 27, Gov. Gavin Newsom unveiled plans to more than double Californias current cap for a program that provides tax relief to the entertainment industry. Its an aggressive bid to revitalize production across the state after it was decimated by the strikes and curb the yearslong flight of films and television series away from the region. If passed,...