Entertainment – WallStreetReview

China’s Tencent cautious after surge in quarterly profit

August 14, 2019 WallStreetReview

HONG KONG (Reuters) – China’s Tencent Holdings (0700.HK), the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% jump in quarterly profit. FILE PHOTO: A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song Growth in... Read More

CBS, Viacom reunite with plans for bigger role in streaming TV wars

August 13, 2019 WallStreetReview

(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants. FILE PHOTO: A trader works below the CBS Corporation logo on the floor of the New York Stock... Read More

Factbox: Merged CBS and Viacom aim to join U.S. media big league

August 13, 2019 WallStreetReview

(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart. FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo The deal brings together CBS television network, CBS News,... Read More

ViacomCBS is just the beginning of Shari Redstone’s media deals

August 13, 2019 WallStreetReview

NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo “We would want to look... Read More

CBS-Viacom is just the beginning of Shari Redstone’s media deals

August 13, 2019 WallStreetReview

CBS, Viacom reach deal to reunite Sumner Redstone’s media empire

August 13, 2019 WallStreetReview

FILE PHOTO: A trader works below the CBS Corporation logo on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., May 14, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart.... Read More

CBS, Viacom agree to merge in all-stock deal

August 13, 2019 WallStreetReview

FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years... Read More

CBS, Viacom reach agreement in principle: sources

August 13, 2019 WallStreetReview

FILE PHOTO: Sumner Redstone, executive chairman of Viacom Inc and CBS Corp, poses for a photo after answering questions at the Milken Institute Global Conference in Beverly Hills, California, U.S. May 2, 2012. REUTERS/Danny Moloshok/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached an agreement in principle, sources familiar with the matter told Reuters on Tuesday,... Read More

CBS, Viacom seal merger deal: source

August 13, 2019 WallStreetReview

FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have finalized their merger agreement, a source told Reuters on Tuesday, reunifying the U.S. entertainment companies after 13 years apart. Viacom shareholders will receive 0.59625 CBS shares... Read More

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

August 12, 2019 WallStreetReview

MUMBAI/COLOMBO (Reuters) – India’s Reliance Industries Ltd (RELI.NS) on Monday announced a partnership with Microsoft’s (MSFT.O) Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com (AMZN.O) and Alphabet’s Google (GOOGL.O). FILE PHOTO: A woman walks past a poster of Reliance Industries... Read More