Business
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AMC Networks Tops 6 Million Streaming Subs, U.S. Ad Sales Drop 6% in Final 2020 Quarter
Still, the Josh Sapan-led company beat Wall Street’s earnings and revenue estimates
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Cinemark Lost Nearly $240 Million in Final Quarter of 2020
Movie-theater chain continues to be rocked by COVID-19
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SPAC-tacular: 10 Media and Entertainment SPACs to Watch
Big bucks and big names — from former Disney streaming exec Kevin Mayer to Shaquille O’Neal — are fueling the SPAC boom
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Twitter Unveils ‘Super Follow,’ Allowing User to Charge Followers for Bonus Content
The feature comes as Twitter is looking to move beyond relying on ad sales to drive the bulk of its revenue
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Twitter Stock Hits Record High on Aggressive User and Revenue Growth Estimates
Company’s stock price jumped 5% after Twitter projected it would grow from 192 million users to 315 million by the end of 2023
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Facebook, Google Required to Pay for News Content by New Australian Law
New law will “ensure that news media businesses are fairly remunerated for the content they generate”
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GameStop’s Stock Soars 45% as Latest Wall Street Rally Continues
Gaming retailer is headed back “to the moon,” several Reddit investors proclaim
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GameStop’s Stock Doubles After CFO Resigns, Soaring From $45 to $92
That momentum carried into after-hours trading, with shares going for about $150 two hours after close
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Julie Pizzi Named President of Bunim/Murray Productions
She was formerly president of entertainment and development there
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TikTok Purged 347,000 Videos for US Election Misinformation
Another 441,028 clips were removed from TikTok’s recommendations for spreading “unsubstantiated” claims
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Facebook Pledges $1 Billion to News Outlets Over Next 3 Years
The social network is currently in the middle of a debate on whether tech giants should pay publishers for content
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Snap’s Stock Hits Record High After Projecting 50% Annual Revenue Growth
Company’s share price has now quadrupled in the last year, following Tuesday’s spike
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Hallmark Channel Parent Company Crown Media Undergoes Layoffs
Cuts were to “decrease redundancies, optimize effectiveness and create more support level roles”
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‘Paw Patrol’ Studio Spin Master Entertainment Promotes Jennifer Dodge to President
Entertainment division of toy company also ups four more into executive roles
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The Growing Apple-Facebook Rivalry and 4 Other Surprises From Q4 Earnings Season
Apple’s new privacy update is a problem for Facebook and Twitter
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