All articles tagged with #businessentertainment
Originally Published 1 year ago — by USA TODAY
The Mirage Hotel and Casino in Las Vegas is closing on July 17th after over three decades of operation. The casino is wrapping up a $1.6 million giveaway as part of its closure, with prizes for slot and table game players. The Mirage will reopen in 2027 as Hard Rock Las Vegas, promising new entertainment and hospitality experiences.
Originally Published 1 year ago — by NPR
The Mirage hotel and casino in Las Vegas will close after 34 years, reopening in 2027 as a Hard Rock Hotel & Casino and Guitar Hotel Las Vegas. Known for its golden windows, dolphin habitat, and nightly volcano eruptions, the Mirage hosted famous shows like Siegfried and Roy, Cirque du Soleil's "LOVE," and Terry Fator's ventriloquism.
Originally Published 1 year ago — by The Hill
Sean "Diddy" Combs sold his majority stake in Revolt, transitioning ownership to the company's employees, amid multiple sexual assault allegations and potential criminal charges.
Originally Published 1 year ago — by CNN
Sean "Diddy" Combs has sold his majority stake in Revolt, the media company he founded in 2013, making its employees the largest shareholder group. This move aligns with a trend of equity participation in the industry. Combs stepped down as chairman in November amid multiple civil lawsuits alleging sexual assault and other illegal activities, which he has denied. Federal investigators are also looking into potential charges against him for money laundering and illegal drugs.
Originally Published 1 year ago — by NBC News
Sean Combs has sold his majority stake in Revolt, the media company he founded, amid mounting sexual assault allegations. Revolt announced that Combs' shares have been fully redeemed and retired, and the company will remain Black-owned and operated. This move comes after Combs faced multiple lawsuits and a federal investigation, with recent developments including a video apology for past abusive behavior.
Originally Published 1 year ago — by Variety
Warner Bros. Discovery has increased the price of its ad-free Max streaming plans by $1 per month, effective immediately for new subscribers, with existing subscribers seeing the hike from July 2024. The ad-supported plan remains unchanged. The price hike aims to boost profitability and encourage more users to opt for the ad-supported tier.
Originally Published 1 year ago — by New York Post
Sony Music is reportedly in talks to acquire Queen's music catalog for $1 billion, making it one of the largest deals in the music industry. The deal would include rights to iconic hits and merchandising opportunities, reflecting the soaring value of music catalogs due to the growth of streaming services.
Originally Published 1 year ago — by Push Square
Sony is solidifying its dominance in the anime industry by developing a new software platform called AnimeCanvas to accelerate content production and considering the launch of an anime academy to nurture new creators, as announced in a recent Corporate Strategy Meeting.
Originally Published 1 year ago — by IGN
Target responds to reports of abandoning physical media, stating it will continue to offer select DVDs in stores during key times and new releases, while transitioning a limited assortment to its website. The retail chain's new policy will not affect physical games, and the move comes amid concerns about the future of physical media in the face of streaming services and digital-only entertainment.
Originally Published 1 year ago — by Yahoo Finance
Netflix's crackdown on password sharing has led to a wave of additional subscribers, contributing to the streamer's full-year subscriber count in 2023. The company aims to convert freeloaders into paying subscribers, offering cheaper ad-supported tiers as an option. As Netflix prepares to release its first-quarter 2024 earnings, the impact of this policy on consumer spending and the streaming giant's continued growth remains a focal point for investors.
Originally Published 1 year ago — by HOLA! USA
Jessica Alba, co-founder of The Honest Company, is stepping down from her role as Chief Creative Officer but will remain on the board of directors to provide strategic advice. She expressed her pride in building the company and hinted at pursuing new creative endeavors, including a return to acting in upcoming films.
Originally Published 1 year ago — by Hollywood Reporter
Disney is expanding its video game division with new hires and promotions, including the promotion of Sean Shoptaw to executive VP, and the hiring of Ray Gresko as senior VP of product and development, and Bjorn Tornqvist as VP of games technology. Jay Ong, who led the Marvel Games team, has been promoted to lead Disney’s global games licensing business, while Haluk Mentes will succeed him as the head of the Marvel Games unit. This expansion follows Disney's recent $1.5 billion investment in Epic Games and aims to strengthen its presence in the gaming industry.
Originally Published 1 year ago — by Variety
Disney Games has made significant executive hires and promotions, including bringing on Ray Gresko from Blizzard Entertainment as senior VP of product and development, and promoting Jay Ong to lead the global games licensing business. The company's $1.5 billion investment in Epic Games and partnership to create a virtual world featuring Disney's brands and characters has led to these strategic moves, as Disney aims to deliver world-class storytelling in the gaming medium and expand its presence in the industry.
Originally Published 1 year ago — by Cageside Seats
Vince McMahon has sold over 3.4 million shares of WWE parent company TKO Group, totaling more than $300 million in transactions, reducing his stake to 4.7%. These sales come in the wake of his resignation and sexual abuse allegations, distancing himself from TKO and WWE, and marking a significant shift in his ownership position.
Originally Published 1 year ago — by New York Post
The $1 billion Powerball drawing is failing to generate the same level of excitement as before, with experts attributing the lackluster response to "jackpot fatigue." The frequency of massive jackpots has made them less novel, leading to a decline in ticket sales and a diminished sense of urgency among potential players. Changes in the lottery system and interest rates have also contributed to the more frequent occurrence of billion-dollar jackpots. As a result, fewer people are buying tickets for the latest drawing, signaling a shift in consumer behavior towards these once-coveted prizes.