May 18, 2024 Last Updated 23:58 PM EDT

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Games/Entertainment

GameStop’s Stocks Drop by 26% After This Week’s Mass Stock Market Move

GameStop plummeted 26% on the stock market on May 17 after a week-long attempt to sell up to 45 million shares.

Take-Two Announces GTA 6 Release Date, Stays Mum on KSP 2 in Latest Earnings Call

Take-Two Interactive has announced that Grand Theft Auto 6 would be released by late 2025 in its latest earnings call, but denied reports about further Kerbal Space Program 2 upgrades and developments..

Las Vegas’ Renowned Mirage Hotel-Casino Is Closing, Transforming Into Luxury Hard Rock Hotel

The Las Vegas Strip's Mirage hotel-casino will close in July to become a luxury Hard Rock hotel...

Netflix Boasts 40 Million Users Subscribed to Ad-Supported Tier, Reveals Plans to Develop In-House Ad Tech Platform

Netflix reports 40 million monthly users of its ad-supported service, with the ads chief stating that the firm is creating its own platform for ad solutions...

Sony Appoints Hermen Hulst and Hideaki Nishino as New PlayStation CEOs

Sony named Hermen Hulst and Hideaki Nishino PlayStation division CEOs ...

Microsoft to Roll Out Its Mobile Game Store in July to Compete With Apple and Google

Microsoft has announced that it will launch its own mobile game store ...

Latest News

Nine Entertainment to raise AUD643 million in Australia's second-biggest IPO this year
Nine Entertainment Co., Australia's second-largest media company, seeks to raise AUD643 million (USD582 million) in its initial public offering. If successful, the deal could give Nine a market capita
Spotify confirms USD500 million royalty payout this year following USD250 recent funding round
Spotify, a popular music-streaming service, confirmed its receipt of a USD250 million investment in a recent funding and also said it paid around USD500 million in royalties to artists this year.
Italy, US are growth prospects for online gambling firm Betfair
Betfair, a UK-based online gambling firm, said it is setting its sights on Italy and the US after retreating from other markets due to tax rates and unfavorable regulations.
South Korean entertainment firm Wellmade StarM buys DreamT Entertainment
Seoul-based entertainment agency Wellmade StartM acquired DreamT Entertainment for KRW1.1 billion (USD1.04 million), following a growing trend of mergers and acquisition in the entertainment industry.
State-backed Cool Japan Fund to invest in TV channels and retail properties offshore
Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese comp
German mobile developer Fishlabs acquired by Koch Media
Hamburg-based mobile developing firm Fishlabs has been bought by publisher Koch Media, and its co-founders Michael Schade and Christian Lohr are set to leave the firm.
AMC Entertainment Holdings says it will raise USD 368 million in IPO
US movie company AMC Entertainment Holdings Inc said it will seek to raise USD 368 million in its initial public offering. AMC is owned by the Dalian Wanda Group controlled led by Wang Jianlin, the ri
The Chernin Group acquires majority stake in anime video service Crunchyroll
Los Angeles-based media platform company The Chernin Group (TCG) acquired a majority stake in anime video distribution firm Crunchyroll, giving Peter Chernin's company one of the world's largest strea
Cinema chain AMC Entertainment plans to raise up to $368 mln from IPO
U.S. cinema chain AMC Entertainment Holdings Inc plans to raise as much as $368 million from an initial public offering of 18.4 million Class A shares.
Akamai to takeover cloud-based security provider Prolexic for USD370 million
US-based Akamai Technologies on Monday announced that it will acquire the world's largest and most trusted cyber security provider Prolexic Technologies for USD370 million. The deal is expected to clo

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OpenAI Shuts Down AI Safety Team Just After Less Than a Year in Office

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Elon Musk Revives Challenge to Mark Zuckerberg for Physical Fight a Day After the Meta CEO's 40th Birthday

Elon Musk Revives Challenge to Mark Zuckerberg for Physical Fight a Day After the Meta CEO's 40th Birthday

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IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

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California Offers $400 to Drivers Willing to Test Proposed Gas Tax Alternative — Here's What You Should Know

California Offers $400 to Drivers Willing to Test Proposed Gas Tax Alternative — Here's What You Should Know

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Facebook, Instagram Face EU Probe Over Suspicions of Failing to Protect Child Safety

Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
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