Business

Dune producer Legendary Entertainment has secured an $800 million five-year credit facility led by J.P. Morgan, replacing an existing agreement with “improved and market-leading terms” that reflect its “profitability and success in executing its business plan,’ the company said. Led by CEO Josh Grode, Legendary develops, produces, distributes and finances films and TV content across

The number of companies entering insolvency hit its highest level for more than three years in March, according to official figures. Commentators blamed a combination of higher interest rates and wider inflation for the 16% increase recorded last month across England and Wales. The Insolvency Service reported 2,457 corporate insolvencies – up from 1,784 in

NAB CEO Curtis LeGeyt, the top lobbyist for the broadcast industry, said he hopes the legal mess over the FCC’s handling of private equity firm Standard General’s acquisition of station group Tegna is not a sign of M&A meltdowns to come. “My hope is it’s a one-off,” he said during a briefing with reporters Monday

Energy firms installing prepayment meters will be required to try to contact a customer at least ten times and conduct a “site welfare visit” before forcibly conducting the installation, new guidelines will say. Energy company workers will also be required to wear body cameras or sound recorders to make sure new energy regulator rules that

FCC Chairwoman Jessica Rosenworcel took the NAB Show stage Monday to announce a new public-private initiative led by the National Association of Broadcasters to guide the next steps of what is known as “NextGen TV.” The “Future of TV” initiative will work to identify a roadmap to orderly transition from ATSC 1.0 to ATSC 3.0-based,

Sega Sammy, the gaming firm behind Sonic the Hedgehog, has agreed a deal to buy rival Rovio Entertainment – best known for Angry Birds. The pair confirmed that the Japanese firm would pay €706m (£625m) for Rovio just days after takeover talks were revealed. The acquisition comes as Sega seeks to accelerate its growth in

The start of the Dominion Voting Systems’ $1.6 billion defamation trail against Fox News that was to start Monday has now been delayed until Tuesday. “The Court has decided to continue the start of the trial, including jury selection, until Tuesday, April 18, 2023 at 9:00 a.m.,” Judge Eric M. Davis said Sunday in a

Barclays is joining the ranks of global investment banks taking the axe to jobs amid a slowdown in dealmaking and stock market flotations. Sky News has learnt that the British lender will this week cut more than 100 roles in its investment bank, with sources saying the layoffs would not be confined to a single

The 96th Oscar cycle is upon us, and with it, something new—the mandatory representation and inclusion standards that require filmmakers and/or their storylines and/or their distributors to meet elaborate racial, sexual, and disability guidelines. Don’t kid yourself with that “everybody qualifies anyway” notion that’s been floating around since the standards were announced a couple of

Spotify has announced it is dropping Heardle – the name-that-tune game inspired by Wordle. The streaming giant had acquired the game last July, five months after it took the world by storm. Heardle played small snippets of music and challenged gamers to guess the song as quickly as possible. But in a new statement, Spotify

Katy Perry, Take That, Andrea Bocelli, and Lionel Richie are the headline names announced as the first stars set to appear at King Charles III’s coronation concert, taking place the day after his installment. The event will be held on the grounds of Windsor Castle on May 7. Italian opera singer Andrea Bocelli, Welsh bass-baritone

Royal Mail and the Communication Workers Union (CWU) have reached an agreement in principle amid a long-running dispute over pay and employment terms. In a joint statement with Royal Mail, CWU confirmed the agreement will now be considered by the executive of the union before it goes before the membership. The details of the proposed

The issue of residuals is a major focal point for the Writers Guild of America’s negotiations with the Alliance of Motion Picture and Television Producers as the two sides held their latest round of talks on a new contract Friday. However, it’s clearly a complicated topic — made even more complex when one looks under

The giant American financial investor Carlyle is in talks about a major investment in Manchester United Football Club as the auction of the Premier League side nears its concluding stages. Sky News has learnt that Carlyle is among a handful of parties which have pitched proposals to acquire a minority stake in the Old Trafford

Montana’s House of Representatives today approved a bill that would ban streaming app TikTok. It now moves to Republican Gov. Greg Gianforte, who can sign it into law. If approved, Montana would be the first state to ban TikTok downloads. The legislature and critics of the streaming service fear the Chinese government’s potential to hoard US

“We hope you prove us wrong.” “We’re very focused on proving you wrong.” The exchange between Jeremy Hunt and IMF managing director Kristalina Georgieva, captured by Sky News in Washington DC, tells you rather a lot about the Chancellor’s week here in Washington. This was Mr Hunt’s first International Monetary Fund meeting since taking on

A coalition of Broadway theater owners and producers, midtown Manhattan community and tenant organizations, and such well-known theater-district restaurants as Sardi’s and Joe Allen are among the members of a new coalition pledging opposition to a proposed casino in Times Square. Citing such potential liabilities of a Times Square casino as traffic congestion, economic disruption

Britain has become the first country in Europe to approve hands-free driving technology. The Department for Transport has granted Ford permission to use driver assistance technology in some of its Ford Mustang Mach-E cars along the 2,300 miles (3,700 km) of motorways in England, Scotland and Wales. The car still requires motorists to pay attention

What’s a Camelot without a little magic? Aaron Sorkin works up an answer to that question in the new Lincoln Center Theater production of the 1960 Lerner & Loewe musical, and the result is an adaptation that seems at every turn to be pleading its case for its own relevance. Where the West Wing creator