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Media, Arts and Entertainment

Kimberly Redmond | Equities.com |

AMC Entertainment Holdings Inc (NYSE: AMC), the world’s largest movie theater chain, announced it will open 98% of its US locations starting Friday and 99% of its theaters by March 26, a promising sign after the company was almost forced to declare bankruptcy earlier this year.

The chain’s announcement on Thursday comes almost a year after many of its theaters were shut due to rising coronavirus cases.


AP News | Equities.com |

Tiger Woods was seriously injured Tuesday when his SUV rolled over and ended up on its side in suburban Los Angeles, authorities said. The golf superstar had to be pulled out through the windshield, and his agent said he was undergoing leg surgery.

Woods was alone in the SUV when it crashed shortly before 7:15 a.m., and no other cars were involved, the Los Angeles County Sheriff’s Department said. He was alert as firefighters pried open the front windshield to get him out, said Christopher Thomas, a spokesman for the county Fire Department.


Kimberly Redmond | Equities.com |

Three Fox News Network personalities are reportedly seeking the dismissal of a $2.7 billion libel lawsuit brought by Smartmatic Corporation, arguing that they were within the bounds of First Amendment protection as they covered ultimately false claims that the voting technology company rigged the 2020 presidential election results. Maria Bartiromo, Lou Dobbs and Jeanine Pirro filed separate motions Friday to dismiss Smartmatic’s lawsuit, which alleged the network, a unit of Fox Corporation (Nasdaq: FOXA) and its hosts caused financial harm with its coverage, according to The Associated Press.


Reuters | Equities.com |

French tycoon Vincent Bollore will retain strong influence over Universal Music Group as a major shareholder following its planned 30-billion-euro ($36 billion) spin-off on the stock market by media conglomerate Vivendi .

Vivendi is seeking to extract the most value from its crown-jewel asset, the world’s biggest music label and home to singers such as Lady Gaga and Taylor Swift, as the music industry rebounds from a long downturn thanks to streaming revenues.


Reuters | Equities.com |

China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its stock in the cinema operator, a target of the recent WallStreetBets retail frenzy, AMC said in an exchange filing.

Wanda America Entertainment Inc, a Wanda unit, converted its Class B common stock in AMC to Class A shares on Feb. 1 “in order to permit sales of its common stock,” AMC said in the filing to the United States Securities and Exchange Commission on Feb 5.


AP News | Equities.com |

Tom Brady made his seventh Super Bowl title look familiar - despite moving south to a new team and conference during a pandemic.

Brady threw two touchdown passes to old friend Rob Gronkowski and one to good pal Antonio Brown, and the Tampa Bay Buccaneers beat Patrick Mahomes and Kansas City 31-9 on their home field in Super Bowl 55 on Sunday.

The GOAT earned his fifth Super Bowl MVP award and extended his Super Bowl MVP award and extended his Super Bowl titles’ record in his 10th appearance, his first without Patriots coach Bill Belichick.


Reuters | Equities.com |

The U.S. Centers for Disease Control and Prevention said it had administered 31,123,299 doses of COVID-19 vaccines in the country as of Sunday morning and distributed 49,933,250 doses.

The doses are for both Moderna and Pfizer/BioNTech vaccines as of 6 a.m. ET (1100 GMT) on Sunday, the agency said.


Kimberly Redmond | Equities.com |

While entertainment venues continue to struggle due to the ongoing effects of the COVID-19 crisis, AMC Entertainment Holdings Inc has found a way to keep its theater chain afloat for a little while longer.

On Monday, the world’s largest theater chain announced that it raised $917 million in new equity and debt capital, funding that will allow the chain to keep functioning throughout most of 2021 and hopefully give theaters time to fully reopen.


Reuters | Equities.com |

Ratings for Rupert Murdoch’s Fox News Channel topped all news and basic cable channels for a fifth straight year in 2020, according to Nielsen data released on Tuesday.

The network averaged 1.9 million viewers per day and 3.6 million in primetime - record levels for cable news channels - during a news-heavy year marked by the coronavirus pandemic, protests for racial justice and a contentious U.S. presidential election.