Bill Ackman’s Pershing Square said Tuesday it is planning to buy Universal Music Group in a cash and stock deal. UMG will form a newly merged company with Pershing Square and list on the New York Stock Exchange, according to the terms of the transaction, which is expected to close by the end of the…
Posters of films are on display at a cinema in Shanghai, Aug. 31, 2025. Vcg | Visual China Group | Getty Images Hollywood has lost one of its most lucrative theatrical markets. It’s unclear if it will ever win it back. The Chinese box office was once a coveted space for American-made movies, so much…
Source: Warner Bros. | Paramount When Paramount Skydance combines with the Warner Bros. film studio, it’ll have a deep bench of marquee franchises and established prestige. What the powerhouse duo will be missing is an animated film slate that could rival Hollywood giants like Disney and Universal. The combined entity, which is still awaiting regulatory approval, has…
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Friday said it will raise prices on its range of flagship PlayStation 5 consoles for the second time in less than a year, citing “pressures in the global economic landscape.” In the U.S, the PS5 disc edition will…
The Spotify music app is seen on a phone in New York City on June 4, 2024. Michael M. Santiago | Getty Images Streaming music apps have been nudging users into the artificial intelligence era with a limited track record of success. But AI-based recommendation tools from Apple, Amazon and pure-play streaming company Spotify are…
Jonathan Raa | Nurphoto | Getty Images Sens. Marsha Blackburn and Peter Welch are calling for a halt to the new version of ByteDance’s artificial intelligence app, Seedance, which generates videos of real people and licensed characters, raising copyright and intellectual property concerns. Seedance 2.0 “is the most glaring example of copyright infringement from a…
Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. Patrick T. Fallon | Afp | Getty Images Hollywood could soon have a new king of the box office. With Paramount Skydance set to take over Warner Bros. Discovery, the combined film studios could dominate the theatrical…
Cheng Xin | Getty Images News | Getty Images Asian tech stocks rallied in early trading on Thursday as stronger-than-expected results from Nvidia eased concerns that momentum in artificial intelligence sector was cooling. Shares of South Korean chipmaking giants Samsung Electronics and SK Hynix jumped in early trade. SK Hynix, which is a key supplier…
An aerial view of the Paramount logo on the water tower at Paramount Studios on Feb. 23, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Warner Bros. Discovery on Tuesday said it had received a higher takeover offer from Paramount Skydance and will review the new bid under the terms of its existing…
Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Franziska Krug | German Select | Getty Images Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company faces increased challenges in its Xbox business….
