entertainmentbusiness
Following a mixed bag of the US banking earnings outcomes, Netflix will take the spotlight as the initial major US tech company to report its first-quarter performance after the US market on 18 April. With Netflix shares showing a 28% increase year-to-date, outperforming the majority of prominent technology stocks in 2024, anticipation is high. As the world's largest video streaming platform, the number of subscribers remains a pivotal metric, offering insights into the company's growth trajectory. Netflix's subscriber hit a record high in Q4 FY23In 2023, Netflix experienced a notable resurgen...
Euronews (English)
Sony Music Group has reportedly agreed to acquire half of Michael Jackson’s music catalogue for $600 million (€557 million). If confirmed, it would be the most valuable deal ever for a single musician’s work. After months of negotiations, Sony is said to have at last reached terms for purchasing a 50% stake in Jackson’s recorded music and songwriting catalogue. This includes the rights to the artist’s megahits like “Beat It” and “Bad,” as well as publishing assets owned by Jackson’s estate that include songs by Sly Stone, Ray Charles and Jerry Lee Lewis. Justin Bieber sells music catalogue for...
Euronews (English)
Kevin Spacey was facing a $36 million (€33 million) penalty from the production company that produced the hit Netflix show ‘House of Cards’. The US actor had been accused of alleged sexual misconduct by male staff members on set, and was dropped by the company, MRC, for the final season of the hit show in 2017. A judge later found that the accusations were credible, ordering Spacey to pay back $31 million (€28.7 million) that MRC lost in reworking the season, plus interest. But the production company has now come to an agreement with Spacey to forgive $35 million (€32.5 million) of the debt he...
Euronews (English)
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