Roku’s stock price jumped 28% Thursday to close at a record of $83.17, a day after the company reported stellar results for the first quarter. The streaming specialist, which went public in the fall of 2017, posted stronger-than-expected revenue on Wednesday as well as sharp increases in streaming time and active…

UPDATE: At 12:02AM ET, one of the most consequential mergers in Hollywood history became official. The Walt Disney Co. has acquired about two-thirds of 21st Century Fox, altering the entertainment landscape at a time of dramatic change. For $71.3 billion, Disney has acquired a range of film and TV assets including the…

In its first day of trading on the NASDAQ, Fox Corp. shares declined more than 3% to close at $40.34. The decline, which began minutes into the trading day and kept shares close to the $40 mark throughout the session, ran counter to generally upbeat assessments of Fox from Wall Street analysts in recent weeks. After…

Nearly 52% of shareholders in 21st Century Fox, the entity that is about to be acquired by Disney, have expressed a preference to receive cash in exchange for their shares after the Disney-Fox deal closes early Wednesday. About 37% of shareholders said they would prefer shares in New Disney (as the Fox-ified company…

Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for…

Helios & Matheson, owner of distressed movie subscription service MoviePass, said it has made a confidential filing with the SEC setting the stage for the unit’s planned spinoff. MoviePass would remain under the control of Helios & Matheson, but would have its own financial structure and be traded separately. Helios…

UPDATED to reflect new information about the reason for the CFO’s departure Shares of Snapchat parent Snap Inc. fell 14% today as investors weigh in on the departure of CFO Tim Stone, a former Amazon executive who exited after just eight months on the job. The company reported the its latest high-level executive depart…

Seeking new sources of cash, MoviePass parent Helios & Matheson Analytics has agreed to sell institutional investors some 333.3 million units of common stock and warrants. In a press release, the company said the registered direct offering would close “on or about” January 16 and generate $5.4 million in…

UPDATED with closing price. Apple stock plunged to its lowest point in almost two years today, falling 10% after the company warned it would fall short of its own holiday sales forecasts. CEO Tim Cook sought to place the blame for worse-than-expected sales on China’s slowing economy and President Donald Trump’s trade…

Veteran media analyst Barton Crockett of B. Riley FBR is maintaining his “buy” rating on Viacom’s stock, but has slashed his 12-month price target to $30 from $39 and lowered his earnings estimates. The primary motivation for the reductions is Crockett’s revised forecast for Paramount Pictures, which calls for a…

Snapchat has launched a new feature called Lens Challenges, which allows users around the world to take part in challenges with other users. Participants create and send "Snaps" that use a lens tied to a song, dance, holiday, event or the like. One holiday-themed example debuting along with Challenges is a sing-along…

UPDATED with closing stock prices. After a nearly two-year odyssey of waiting for its acquisition ship to come in, Tribune Media is getting full credit from Wall Street for finally finding a home with Nexstar Media. After the companies’ $4.1 billion combination was announced this morning, Tribune stock jumped nearly…