“Spider-Man: Brand New Day” and “The Odyssey.” Sony (L) | Universal (R) Hollywood has a new summer record. The domestic box office tallied $4.76 billion in ticket sales during the period between May 1 and Sept. 7, the highest haul in cinematic history. The key moviegoing season, which starts the first weekend in May and…
Moviegoers watch the film “Ne Zha 2” at an Imax GT Cinema on in Guiyang, China, Feb. 23, 2025. China News Service | China News Service | Getty Images In December, Imax CEO Rich Gelfond opened the door to a sale. Almost nine months later, the company’s stock has hit an all-time high, its box…
A hand-drawn poster advertising the film “Niu Lai”, which translates to “Here Comes the Cow”, is seen at a cinema in Beijing on August 21, 2026. “Niu Lai”, a low-budget Chinese animated film that was widely mocked for its crude visuals became a viral hit, with people packing cinemas to see just how bad it…
David Ellison — the founder of a film production company and son of billionaire Larry Ellison — has been at the helm of Paramount Skydance for just over a year. He’s been fighting to acquire Warner Bros. Discovery for nearly as long. The latest roadblock in his path, a group of state attorneys general seeking…
A detailed view of a hand holding a Fanduel Sports Network branded microphone during an interview after the Detroit Pistons defeated the Boston Celtics at Little Caesars Arena on February 26, 2025 in Detroit, Michigan. Nic Antaya | Getty Images Main Street Sports, the now-defunct owner of a portfolio of regional sports networks, is suing…
U.S. Federal Communication Commission (FCC) Chairman Brendan Carr speaks during a press conference, following an open meeting of the FCC, in Washington, D.C., U.S., July 22, 2026. Kylie Cooper | Reuters Disney’s ABC has filed a First Amendment lawsuit against the Federal Communications Commission, calling the government agency’s recent investigation into the company a “retaliatory…
The television industry is in flux. Deals, spinouts and partnerships are all reshaping the landscape for traditional TV. While the industry is no stranger to turmoil, the recently rapid pace of change is keeping media investors and onlookers on their toes. This is the backdrop for CNBC’s Future of TV survey: an update from our…
Versant Media Group raised its full-year guidance on Thursday, boosted by momentum in its digital brands like Fandango and GolfNow, as well as what executives referred to as “strength” in its overall business model. The company now expects total revenue for 2026 of $6.2 billion to $6.45 billion and adjusted earnings before interest, taxes, depreciation…
“Toy Story 5,” “The Super Mario Galaxy Movie” and “Spider-Man Brand New Day.” Disney | Universal Pictures | Sony Billion-dollar films are back in Hollywood. The theatrical industry welcomed its fourth billion-dollar film of 2026 this week as Sony and Marvel’s “Spider-Man: Brand New Day” surpassed the coveted benchmark. It joins the three-comma ranks alongside…
People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, July 30, 2022. Octavio Jones | Reuters Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company’s experiences division on Wednesday. The experiences segment, which…
