entertainment

Netflix Stock is Close to Topping $200 for First Time

Netflix Stock is Close to Topping $200 for First Time

Netflix, Inc. (NASDAQ: NFLX) has confirmed on Thursday with Business Insider that the online streaming site will be raising its U.S. subscription prices starting on October 5. Investors responded positively to the news. Shares of the ..

Spotify is Now Worth $16 Billion in Private Trades

Spotify is Now Worth $16 Billion in Private Trades

Private trades in Spotify are now worth about $16 billion in value which is about $3 billion higher than similar trades up until June. There has been an increasing demand for the company’s shares and increasing subscription numbers as well and..

Layoffs in Lego Land; First Reported Losses in Over a Decade

Layoffs in Lego Land; First Reported Losses in Over a Decade

Lego announces today that they will be laying off up to 1,400 of their 18,200 employees worldwide  – Roughly 8 per cent of the company’s staff – as they plan to revamp a business model that, while it has helped keep Lego relev..

Time Inc. Shifts to Internet Over Magazines

Time Inc. Shifts to Internet Over Magazines

Time Inc. (NYSE: TIME) is shifting to the internet to distribute their growing video material and television shows aiming to stop their fast declining print advertising revenue. Even though Facebook Inc (NASDAQ: FB) and Netflix, Inc. (NASDAQ: NFLX) ..

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..

China Limiting Overseas Investments

China Limiting Overseas Investments

China is looking to curb domestic companies’ investments abroad in property, sports, entertainment, and other fields after many series of high profile, multi-billion dollar acquisitions by Chinese firms. Regulators are aiming to stop foreign a..

Live Nation Entertainment Reports Second Quarter Results, Shares Jump 9%

Live Nation Entertainment Reports Second Quarter Results, Shares Jump 9%

Live Nation Entertainment Inc. (NYSE: LVY) reported strong second quarter earnings after close on Wednesday boosting shares up over 9 percent on midday Thursday.Live Nation has been seeing a good fiscal year as shares have been rising all year long...