Alamo Drafthouse Cinema, Fantastic Fest acquired by Sony Pictures
Sony Pictures Entertainment is entering the movie theater business. The studio behind recent films like “Bad Boys 2” and “Garfield the Movie” has acquired the distinctive movie theater chain Alamo Drafthouse Cinemas, the companies announced Wednesday. The deal also includes genre film festival Fantastic Fest. Sony Pictures Entertainment has acquired the Alamo Drafthouse movie theater […]
Sony reportedly in talks to buy Queen’s music catalog for staggering $1 billion
Sony Music may be willing to pay a lot of money to acquire the rights to Queen’s music catalogue. Bloomberg reported Wednesday that the entertainment giant is in talks to buy the British rock band’s songbook, which includes hits such as “Bohemian Rhapsody” and “We Will Rock You,” for a massive $1 billion in one […]
Stocks making the biggest premarket moves: GameStop, AMC, Alibaba, Sony and more – CNBC
Check out the companies making the biggest moves in pre-market trading: Meme Stocks — GameStop is the first person posted online in 2021 by “Roaring Kitty,” the person who fueled the 2021 GameStop frenzy. The stock soared 120%, on top of Monday’s 74.4% rise. About 3 years. AMC stock rose 106%, while Reddit and Robinhood […]
Paramount Global receives $26B offer from Sony, Apollo amid Skydance talks
Sony Pictures and private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to people familiar with the matter. Sony would be the largest shareholder and Apollo would hold a minority stake, said the people, who requested anonymity because details of the deal have not been made public. […]
Paramount shares jump more than 10% as Sony, Apollo discuss joint buyout bid
Paramount Global shares rose more than 10% on Friday after news that Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the company. Paramount is currently negotiating an exclusive deal with Skydance Media, an independent studio led by David Ellison, but some investors are urging Paramount to explore other options. […]
Sony in talks with Apollo to team up on bid to buy Paramount: sources
Sony Group and Apollo Global Management are in talks to partner to acquire Paramount Global, people familiar with the matter told The Post on Thursday. Paramount, which is run by media heiress Shari Redstone, is in exclusive talks with Skydance about a potential deal, but investors are worried about diluting their stake in the publicly […]
Sony cuts 900 jobs from PlayStation division in latest tech culling
Gaming company Sony announced Tuesday it would cut 900 jobs from its PlayStation division, becoming the latest tech giant to lay off some of its employees. Sony Interactive Entertainment (SIE) President and CEO Jim Ryan announced the dismissal A Tuesday email to PlayStation employees said the cuts amounted to 8% across the company’s locations around […]
Sony lays off 900 workers from PlayStation division amid video game slump
Sony Interactive Entertainment said Tuesday it will cut about 900 jobs at its PlayStation division and close its London studio, as the video game industry struggles to recover from the post-pandemic downturn. The layoffs, which will affect about 8% of the division’s staff in regions ranging from the Americas to Asia, come days after Sony […]
PlayStation’s Sony To Cut 900 Jobs, As Layoffs Continue To Increase In Gaming Sector
(Photo by ROBYN BECK/AFP via Getty Images) OAN’s James Myers8:24am – Tuesday, February 27, 2024 Video game and technology giant Sony has announced major layoffs. advertisement PlayStation maker Sony Interactive Entertainment announced it will lay off 900 employees, according to a Tuesday news release from company president and CEO Jim Ryan. PlayStation layoffs impact Naughty […]
Sony Buys Stake In Michael Jackson’s Catalogue For $600 Million
Sony Music Group has signed a deal to acquire a 50% stake in Michael Jackson’s music catalog for $600 million, including both publishing and recorded masters, Billboard reported Friday. The acquisition was completed late last year. according to To billboard. This includes not only Jackson’s own songs, but also a collection of songs from other […]