Taking a Cue from Mattel, Hasbro Divests eOne

Taking a Cue from Mattel, Hasbro Divests eOne

Hasbro, the Rhode Island-based toymaker, has announced the sale of Toronto-based production studio eOne to Lionsgate for $500 million. The deal includes $375 million in cash and the assumption of production financing loans. This move allows Hasbro to pay down its floating rate debt and refocus on its toy and game businesses. Without eOne, Hasbro …

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Striking Writers Sought for Important Meeting with Hollywood Producers

Striking Writers Sought for Important Meeting with Hollywood Producers

Picketers march outside the Walt Disney Studios in Burbank, CA on Tuesday, June 6, 2023, as the Writers Guild of America strike enters its sixth week. Image: Myung J. Chun | Los Angeles Times | Getty Images With the Hollywood writers strike approaching its 100th day and facing mounting pressure from striking actors, producers have …

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Q2 2023 Earnings Report for JetBlue (JBLU)

Q2 2023 Earnings Report for JetBlue (JBLU)

A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA. Tim Rue | Bloomberg | Getty Images JetBlue Airways has revised its 2023 outlook and issued a warning about a potential loss in the current quarter. The airline attributes these challenges to increased international travel and the termination of its partnership …

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Q2 2023 Earnings Report for Southwest Airlines (LUV)

Q2 2023 Earnings Report for Southwest Airlines (LUV)

Witness the majestic sight of a Southwest Airlines Boeing 737-700 aircraft landing at Ronald Reagan Washington National Airport DCA in Arlington County, Virginia. Against the backdrop of the Potomac River, this aircraft gracefully glides over the water and buildings, creating a breathtaking scene of aviation prowess. Credits: Image by Nicolas Economou | Nurphoto | Getty …

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Record revenue growth threatened as airlines lower domestic fares

Record revenue growth threatened as airlines lower domestic fares

Scott Olson | Getty Images The Covid-19 pandemic provided a boost to U.S. airlines with sky-high airfare. However, airline executives are now witnessing a decrease in domestic fares as carriers expand their schedules and customers choose trips abroad instead of popular destinations that were closer during the pandemic. Related investing news Southwest Airlines, Alaska Airlines …

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American Airlines pilots’ union agrees to improved labor agreement

American Airlines pilots’ union agrees to improved labor agreement

American Airlines plane Silas Stein | picture alliance | Getty Images American Airlines pilots’ union announced on Thursday that they have agreed to an improved offer for a new labor contract. This comes less than two weeks after a more lucrative deal at United Airlines disrupted the voting process at American. The revised preliminary agreement …

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FOMO Fuels Barbenheimer’s Remarkable Box Office Triumph

FOMO Fuels Barbenheimer’s Remarkable Box Office Triumph

An employee adds letters for upcoming film releases “Oppenheimer” and “Barbie” to a marquee at the Colonial Theater in Phoenixville, Pennsylvania, July 16, 2023. Hannah Beier | The Washington Post | Getty Images Hollywood witnessed a groundbreaking weekend at the box office, unlike anything seen in years. The success wasn’t driven by the usual superheroes …

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A Journey to Ho Chi Minh City and the Enchanting Mekong Delta

A Journey to Ho Chi Minh City and the Enchanting Mekong Delta

Looking for a destination with ideal weather, rich culture, delectable cuisine, and friendly locals? Look no further than Vietnam! Embarking on a journey from Ho Chi Minh City through the picturesque Mekong Delta region to the serene island of Phu Quoc in the Gulf of Thailand, Vietnam offers an abundance of attractions to explore within …

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