Media & Entertainment

Media & Entertainment

World Cup Offers Record Windfall for FIFA, Dubious Payoffs for Host Cities

Photo via IMAGO/Markus Ulmer/IMAGO/Ulmer/Teamfoto/Newscom

FIFA expects record revenues of $13 billion in its 2023-2026 cycle, up 72% from the previous Qatar cycle during the 2022 tournament.

2 min read

Photo via IMAGO/Zoonar/Marco Brivio/IMAGO/Zoonar/Newscom

Media & Entertainment

Billionaire Fertitta Gambles on Caesar’s in Debt-Laden, $17.6 Billion Deal

Analysts at Jefferies wrote Thursday that the closure of the Tillman deal could “act as a catalyst” for more M&A in the gambling sector.

2 min read
Photo via Lev Radin/ZUMAPRESS/Newscom

Media & Entertainment

Large Universal Music Investor Disses Offer from Ackman’s Pershing

Bolloré Group, which holds 40% voting rights in Universal Music, has given a thumbs-down to a $65 billion takeover bid.

2 min read
Photo via Joe Burbank/TNS/Newscom

Media & Entertainment

Wall Street Fetes D’Amaro Like a Disney Prince as Earnings Beat Buoys Stock Price

Revenue in the Entertainment division climbed 10% to $11.7 billion, with its streaming unit reporting an 88% leap in operating income.This was Josh D’Amaro’s first earnings report as CEO, and the market treated it as a coronation.Disney shares…

1 min read

Media & Entertainment

IAC Rebrands as People Inc. in Prep for SEO Doomsday

Photo via SMG/ZUMA Press/Newscom

Billionaire Barry Diller formed IAC more than 20 years ago as a vehicle to build, grow, and profit off early internet platforms.

1 min read

Consumer

Golf Retailers Push Forward on a Tough (Economic) Course

Photo via Petter Arvidson/ZUMAPRESS/Newscom

Americans are playing the most golf in decades, but capitalizing on the trend requires expert-level finesse for equipment-makers.

2 min read

Media & Entertainment

Wanna Bet? MLB Makes Polymarket Its Official Predictions Market Partner

Photo via Kyodonews/ZUMAPRESS/Newscom

MLB Commissioner Rob Manfred pitched prediction markets Thursday as potentially more immune to illegal behavior than online sportsbooks.

2 min read

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