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The summer box office, starting with today’s long-anticipated release of Universal’s F9, is bringing a renewed sense of optimism about the theatrical movie business. But Robert Fishman, an exhibition analyst with Wall Street research firm MoffettNathanson, predicts the release of pent-up demand will be followed by a…

UPDATED with closing price. Disney shares fell almost 3% to close at $173.73, their lowest closing price since February 1, a day after it released mixed quarterly earnings. Shares made up ground in the final part of the trading day after starting the session down as much as 5%. But Wall Street did not take a shine to…

Bernard Madoff, the convicted Ponzi schemer whose long-term, multi-billion-dollar financial manipulations ruined clients and rattled financial markets, has died. The Federal Bureau of Prisons confirmed the death of Madoff, 82, at Federal Medical Center in Butner, N.C. The bureau told Deadline in a statement that it…

After another solid weekend at the box office, several Wall Street analysts have issued upbeat outlooks on the exhibition sector, calling for a robust moviegoing rebound from Covid-19 in 2022. One of the analysts, Eric Handler at MKM Partners, released findings from a survey his firm did of 1,000 moviegoers across the…

Shares in ViacomCBS and Discovery — which led a remarkable surge in traditional media shares in 2021 — continued a week-long slide Friday as Wall Street analysts doled out downgrades saying the prices had gotten ahead of the fundamentals. Less than two weeks after hitting all-time highs, both stocks entered the home…

After the $100 billion-plus rights deals were announced Thursday by the NFL, Wall Street analysts agreed that the league was the big winner. Still, they do see some rights holders being able to score despite the hefty price. Disney in particular gained attention for paying the lowest increase from the previous deal to…

The multi-hour streaming presentation by ViacomCBS on Wednesday about its soon-to-be-rebranded streaming service Paramount+ has not proven to be a short-term tonic for the company’s stock price. Shares dropped 5% today to close at $62.50, on above-average trading volume. The stock has surged more than 70% in 2021 to…

UPDATED with closing price, more analyst comments. Disney stock, which ran up to an all-time record in advance of Thursday’s quarterly earnings report, slid 2% today even as many analysts expressed upbeat views on the media giant’s prospects. The company’s fiscal first quarter results exceeded analysts’ expectations…

Apple roared past Wall Street estimates for the holiday 2020 quarter, riding sales of new iPhones to total revenue of $111.4 billion, up 21% from the same period in 2019. Earnings per share in the fiscal first quarter, which ended December 26, came in at $1.68, up 35% from the year-ago frame. International sales…

Facebook reported strong fourth-quarter financials but spooked markets a bit by warning of advertising headwinds this year — some created by Apple as it mulls stricter privacy controls that could eat into Facebook ad sales. Revenue was $28.1 billion, up 33%. Net profit hit $11.2 billion, or $3.94 a share, up 53%…

UPDATED with broader market movement, closing prices. Shares of AMC Entertainment have skyrocketed 301% on a wild trading day, recovering to levels not seen since long before the coronavirus pandemic. Broader stocks plunged in one of the market's worst sessions in months as mixed earnings and frenzied trading sparked…

Despite the industry dust-up over WarnerMedia’s controversial 2021 theatrical-HBO Max release strategy, according to AT&T CEO John Stankey, the move was “the right call,” essentially “using the unfortunate set of circumstances around the pandemic for an opportunity to make lemonade out of lemons.” When asked this…