Sony Pictures is suing the Wanda Group for $49 million. The lawsuit, which was filed in London’s High Court in March of this year, is being fought by each company’s subsidiaries, Columbia Pictures Corporation Limited and Wanda Kids Cultural Development Co., Limited respectively. The legal battle dates back to an agreement struck between Silvergate Group […]
The U.S. Supreme Court has agreed to hear an appeal in a case that alleges the Federal Communications Commission does not have the authority to decide how Universal Service Fund money is used. Congress gave the FCC the authority to set up the Universal Service Fund in the Telecommunications Act of 1996. Consumers pay about […]
Permira has finish its acquisition of Squarespace. The closing happened in October 2024 for $7.2 billion, making Squarespace a privately held company again. Squarespace went public back in May 19,2021 on the NYSE. Back Today is an incredibly amazing day as @Squarespace lists on the @NYSE via a direct listing. Congratulations to our team, our […]
House Speaker Mike Johnson Friday at a campaign stop in Syracuse, New York, Johnson had told reporters that Republicans “probably will” try to repeal the semiconductor chip manufacturing package if they control Congress and former President Donald Trump wins the White House. The legislation is poised to bring a $100 billion microchip manufacturing center to […]
It’s been quite a while since SAG-AFTRA and the major video game companies sat down for in-person bargaining talks on a new contract. With the strike headed into it’s third month, that’s about to change. The actors union, which launched a strike in late July against several companies, said today that it will resume negotiation […]
Scooter Braun has exited the music management business. On Monday, he the announced the news on his Instagram page. He will now focus the roles being a board member of Hybe, and CEO of Hybe America, the South Korea entertainment company. “After 23 years this chapter as a music manager has come to an […]
T-Mobile is wanting to own part of US Cellular, which has been trying to sell itself for quite a while, Per a Wall Street Journal report, US Cellular is very close to be sold to bioth T-Mobile and Verizon. Source familiar with US Cellular’s plans claim that negotiations with T-Mobile are almost over. Team magenta […]
Five classic video games are now part of the World Video Game Hall of Fame’s newest class. Asteroids, Sim City, Ultima, Resident Evil and Myst are the latest games inducted to the hall, located in Rochester’s The Strong National Museum of Play. The hall honors lasting contributions to the video gaming industry. Among those in […]
BBC Studios, the BBC’s commercial content studio and streaming business, is acquiring ITV’s 50 percent stake in BritBox International for $322 million. Announced last Friday, the sale will give BBC Studios full ownership of the BritBox streaming platform and values the streamer at $631 million. As part of the agreement, BBC Studios has extended its […]
Tyler Perry had been planning muti-million dollar expansion of his studio in Atlanta, which would have added 12 soundstages to the 330-acre property. Now, however, those ambitions are on hold — thanks to the rapid developments he’s seeing in the realm of artificial intelligence, including OpenAI’s text-to-video model Sora, which debuted Feb. 15 and stunned […]
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