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NEW YORK/SAN FRANCISCO: Amazon.com Inc made a play for the increasingly crowded home entertainment arena by unveiling the US$99 "Fire TV" video and game streaming device on Wednesday, with hopes of boosting its main online retail business over the longer term.
MUMBAI: Reliance Entertainment, the media and entertainment arm of the Anil Dhirubhai Ambani Group, is likely to bid for Hollywood studio Metro-Goldwyn-Mayer (MGM), the Economic Times paper said, citing an unnamed person with knowledge of the development.
LOS ANGELES: Chinese e-commerce giant Alibaba on Wednesday unveiled revenue of $17 billion in the last three months of 2018, with net profits of $4.5 billion, up 33% from the same period the year before.
BEIJING: China's property-to-entertainment conglomerate Dalian Wanda Group said on Tuesday it has agreed to buy a controlling stake in Hollywood movie studio Legendary Entertainment in a deal worth about US$3.5 billion.
TOKYO: Japan's Sony Corp rejected on Tuesday a proposal from activist shareholder Daniel Loeb to spin off a part of the electronics company's entertainment business.
NEW YORK/LONDON: Cineworld Group Plc, a British operator of movie theaters, is in talks to acquire U.S. peer Regal Entertainment Group for approximately US$3.6 billion (2.7 billion pounds) in cash, the companies said on Tuesday.
MEDIA and entertainment executives around the world are focused on the impact of technology on their industry and believe more technology-savvy managers are critical to their companies' future success, according to a new study by Ernst Young.