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Media, Arts and Entertainment

Reuters | Equities.com |

Shares of AMC Entertainment soared on Thursday, notching a 35% one-day gain in a rally that burned bearish investors and sparked jubilation among the stock's online supporters.

The movie theater chain’s market value ended the session at $11.9 billion as its shares closed at $26.52, with the highest trading volume of any stock on U.S. exchanges on the day. The shares are now up 1,150% year-to-date after hitting their highest level in four years.


Kimberly Redmond | Equities.com |

Amazon.com Inc (Nasdaq: AMZN) said Wednesday it has reached a deal to buy privately held MGM Holdings, the parent company of Metro-Goldwyn-Mater Studios, for $8.45 billion.

In a statement announcing the acquisition, the e-commerce giant said it hopes to leverage MGM’s storied filmmaking history and vast catalog of 4,000 movies and 17,000 television shows to help boost Amazon Studios.


AP News | Equities.com |

Charles Grodin, the droll, offbeat actor and writer who scored as a caddish newlywed in “The Heartbreak Kid” and later had roles ranging from Robert De Niro’s counterpart in the comic thriller “Midnight Run” to the bedeviled father in the “Beethoven” comedies, has died. He was 86.

Grodin died Tuesday in Wilton, Connecticut, from bone marrow cancer, his son, Nicholas Grodin, said.


Reuters | Equities.com |

The European Super League can no longer proceed, Juventus boss Andrea Agnelli confirmed on Wednesday, as Spain’s Atletico Madrid, Italy’s Inter Milan, and six English teams abandoned the breakaway competition after intense criticism.

Twelve of Europe's leading soccer clubs from England, Italy and Spain announced a breakaway league on Sunday but after 48 hours of massive pressure from fans, politicians and even British royals, all six English clubs backed out on Tuesday.


Kimberly Redmond | Equities.com |

Grupo Televisa, Mexico’s largest television network announced the merger of its media and content business with leading US Spanish-language broadcaster Univision Communications.

The new media venture, Televisa-Univision, will produce, distribute and market programs for both Grupo Televisa and Univision and will also create a new streaming channel, according to the joint press release.


Kimberly Redmond | Equities.com |

A health advisor to Japan’s Olympic committee said athletes representing the country at the Tokyo Games in July should have the option of getting COVID-19 vaccines before they compete.

On Tuesday, Nobuhiko Okabe, a member of the government’s coronavirus panel, said that although vaccines should not be required, they should be made available to athletes who want them.


AP News | Equities.com |

Tiger Woods was driving more than 80 mph — nearly twice the posted speed limit — on a downhill stretch of road when he lost control of an SUV and crashed in a wreck that seriously injured the golf superstar, authorities said Wednesday.

Sheriff Alex Villanueva blamed the Feb. 23 crash outside Los Angeles solely on excessive speed and Woods’ loss of control behind the wheel. The athlete will not face any citations for his third high-profile collision in 11 years.


Reuters | Equities.com |

Cinema operator AMC Entertainment Holdings Inc is seeking shareholder approval to sell 500 million shares to the public, its top boss Adam Aron said in a CNBC interview on Thursday.

The approval would give the board the flexibility to authorize future issuances for a variety of purposes, the company said.


AP News | Equities.com |

Jessica Walter, whose roles as a scheming matriarch in TV’s “Arrested Development” and a stalker in “Play Misty for Me” were in line with a career that drew on her astringent screen presence, has died. She was 80.

Walter’s death was confirmed Thursday by her daughter, Brooke Bowman, an entertainment industry executive. A cause of death and other details were not immediately provided.


Kimberly Redmond | Equities.com |

As lockdown restrictions ease across the US, Regal Cinemas, the nation’s second largest theater chain, will reopen following a six-month pandemic-related shutdown.

On Tuesday, Regal’s parent company, Cineworld Group plc (OTC US: CNWGY), said about 500 locations will open April 2, with the release of Godzilla vs. Kong. More theaters across the country will welcome back guests for the April 16 release of Mortal Kombat.