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Spotify Announces Second Price Hike in a Year for U.S. Subscribers

If your idea of relaxation includes listening to your music or favorite podcast on Spotify, this might become less carefree when the next bill arrives. The music streaming firm has announced its second price hike in a year for its ad-free, premium subscription tiers in the U.S.  Starting from July, the individual plan will increase by $1, rising from $10.99 to $11.99 per month. The Duo plan, designed for two accounts, will cost $16.99, up from $14.99. The family plan, [...]

AMC Theatres, GameStop Shares Surge After Roaring Kitty Highlights GameStop Stake

AMC Theatres and GameStop stocks surged early Monday following a significant endorsement from meme stock investor Keith Gill, also known as Roaring Kitty. Gill posted on Reddit and X (formerly Twitter) about his substantial $116 million investment in GameStop, reigniting interest in both companies' shares. AMC Entertainment Holdings, led by CEO Adam Aron, saw its stock rise by $1.01, or 23 percent, to $5.34 in pre-market trading. This increase came as AMC benefited from the renewed fervor in GameStop trading. [...]

Paramount and Skydance Close to Deal Before Big Meeting

Paramount Global and Skydance Media are finalizing the terms of a merger, with Paramount's controlling shareholder Shari Redstone reviewing the final details. A source close to the negotiations has confirmed to Deadline that an agreement has been reached. The announcement follows a revision of the offer by Skydance, which initially seemed unlikely to be finalized before Paramount's annual shareholder meeting scheduled for Tuesday. This event is particularly anticipated, as the three executives sharing the CEO office will present their strategic [...]

After Slowest Memorial Day Box Office In Decades, Will Summer Movie Season Rebound?

Moviegoers sent an alarming message to Hollywood studios over the long Memorial Day weekend. The four-day box-office haul hit a 30-year low as offerings like "Furiosa: A Mad Max Saga" and "Garfield" landed with a thud. The Warner Bros.' Mad Max prequel, starring Anya Taylor-Joy and Chris Hemsworth, underperformed in its debut with $25.6 million between Friday and Sunday and $32.3 million through Memorial Day, according to BoxOfficeMojo. An alarming start for this fifth installment in the post-apocalyptic series, with [...]

Understanding the DOJ’s Lawsuit Against Live Nation-Ticketmaster

The U.S. Department of Justice (DOJ) has taken decisive action against Live Nation, the parent company of Ticketmaster, based in Beverly Hills, California. Allegations from the DOJ, backed by 29 states and the District of Columbia, suggest Live Nation has monopolized ticket sales and concert promotion, stifling competition and coercing artists into exclusive agreements. The lawsuit, seeking a jury trial, marks a significant step by the government, resonating with those familiar with the frustration of high ticket fees. Recent Ticketmaster [...]

Elon Musk’s xAI Secures $6 Billion, Reinforcing Investor Confidence in His Artificial Intelligence Vision

The startup announced that it has secured $6 billion in new funding, pushing its valuation to $24 billion. The investment round saw participation from major players such as Fidelity, Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Saudi Prince Alwaleed Bin Talal, Kingdom Holding, and others. Securing $6 billion is a remarkable achievement for a company that was established less than a year ago, highlighting the  eagerness of investors to invest in AI ventures. This also reflects a strong [...]

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