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Rogers becomes sole owner of Maple Leaf Sports & Entertainment after purchasing remaining stake
The telecommunications giant now has total control over the Maple Leafs, Raptors, Toronto FC, Argonauts and Scotiabank Arena.
Rogers becomes sole owner of Maple Leaf Sports & Entertainment after purchasing remaining stake
The telecommunications giant now has total control over the Maple Leafs, Raptors, Toronto FC, Argonauts and Scotiabank Arena.
HOMETOWN ENTERTAINMENT: A special high school production of “SIX: The Musical,” a concert for country fans and several festivals headline this weekend
Several live events and festivals are happening in our hometowns this weekend, including Point of Honor's Day at the Point
Corus Entertainment Announces Amendment To Credit Facility
Corus Entertainment Inc TSX:CJR.B:
Osage Beach aldermen review plans for entertainment district
COLUMBIA, Mo. (KMIZ) The Osage Beach Board of Aldermen is reviewing a bill that would allow the creation of entertainment districts. The bill would create procedures to apply for a special license for an entertainment district and set out regulations. Osage Beach Mayor Richard Ross told ABC 17 News that the bill would
Carolina Hurricanes games come to Palmetto Sports & Entertainment Network!
National Hockey League’s Carolina Hurricanes, today announced that the team has partnered with Gray Media to simulcast 10 Hurricanes Hockey Network game broadcasts over the air in markets throughout the Carolinas.
Rogers Completes Acquisition of Maple Leaf Sports & Entertainment
Will invest to build championship-calibre teamsWill invest to deliver world-class experiences to fans and customersBecomes global communications, ...
99th Maui County Fair entertainment schedule
The 99th Maui County Fair, happening Oct. 1–4, 2026at the County’s War Memorial Complex, will bring four days of live entertainment to the main stage, featuring a mix of Hawaiian music, hula, local favorites and island contemporary performers for fairgoers of all ages.
PMK Entertainment Brings Prodigy PR Founder Erik Bright on as EVP of Content and Strategic Comms
PMK Entertainment has appointed Prodigy Public Relations founder Erik Bright as EVP of Content and Strategic Communications.
Erik Bright Joins PMK Entertainment
Bright will oversee PMK’s bi-coastal content publicity team, which handles film and TV campaigns.
PR Veteran Erik Bright Joins PMK Entertainment
PMK Entertainment has named veteran communications executive Erik Bright as its executive VP of content and strategic communications.
PMK Entertainment Brings Prodigy PR Founder Erik Bright on as EVP of Content and Strategic Comms
PMK Entertainment has appointed Prodigy Public Relations founder Erik Bright as EVP of Content and Strategic Communications.
Erik Bright Joins PMK Entertainment in Executive VP Role
"Erik brings an exceptional combination of creative vision, deep industry relationships and strategic communications expertise to PMK," said company CEO Cindi Berger.
Former Target Legal Chief Cashes-in Chips at Gambling Giant Flutter Entertainment
Flutter Entertainment was indefatigable CLO Don Liu's "second attempt" at retirement.
'Bleed The Night': Fox Entertainment Studios Buys Vampire Spec
'Bleed the Night,' a vampire spec by Keith & Zoe Cooper, is being developed at Fox Entertainment Studios.
San Juan Songwriters Festival draws accomplished artists for two days of entertainment
Nine local and regional singer/songwriters joined 15 national artists
Affordable entertainment just steps off Moab's Main Street: Backyard Theater turns 13
Moab's Backyard Theater turns 13 with free Wednesday bluegrass and Rick Boretti's Saturday magic show, kept going by donations and a magician's rent.
Ed Sheeran told Bono he didn’t want to get into politics when collaborating on song about Ukraine war
The U2 singer said that Sheeran told him: “I just want to keep my thing free.”
Arts and Entertainment Agenda, Oct. 2 to 5
Annual ‘John Denver Celebration’, Sept. 30 to Oct. 4 The annual John Denver Celebration, Sept. 30 to Oct. 4, brings fans from around the world to Aspen and Snowmass. Festivities include big concerts, smaller shows,...
Ray Romano being inducted into LI Music and Entertainment Hall of Fame
Sitcom star Ray Romano and Rory Rosegarten, the executive producer of "Everybody Loves Raymond," will be inducted into the Hall of Fame on Nov. 5.
Rogers Completes Acquisition of Maple Leaf Sports & Entertainment
Will invest to build championship-calibre teams Will invest to deliver world-class experiences to fans and customers Becomes global communications, sports and entertainment leader TORONTO, ON (October 1, 2026) – Rogers Communications Inc. announced today that it has completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership […]
Rogers Completes Acquisition of Maple Leaf Sports & Entertainment
Will invest to build championship-calibre teamsWill invest to deliver world-class experiences to fans and customersBecomes global communications, sports and entertainment leader TORONTO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Rogers Communications Inc. announced today that it has completed the acquisition of Maple Leaf Sports & Entertainment (MLSE), increasing its ownership of MLSE to 100%. Rogers acquired the remaining 25% ownership stake in MLSE from Kilmer Sports Inc. for C$4.35 billion. “We’re pr
Erik Bright Joins PMK Entertainment as EVP of content and ...
Highly-regarded veteran founded and operated boutique agency Prodigy PR.
Matt Rice Takes the Reins of UTA’s Film Division as Agency Reshuffles Leadership
Matt Rice has been elevated to president of the new UTA Filmed Entertainment unit, as the agency has reorganized its filmed entertainment division
Matt Rice Takes the Reins of UTA's Film Division as Agency Reshuffles Leadership
Matt Rice has been elevated to president of the new UTA Filmed Entertainment unit, as the agency has reorganized its filmed entertainment division
AMC Entertainment (NYSE:AMC) Stock Falls 5.2%
AMC Entertainment (NYSE:AMC) Stock Price Down 5.2% - Should You Sell?
Entertainment Stocks To Add to Your Watchlist
Warner Bros. Discovery, Walt Disney, Verizon Communications, Take-Two Interactive Software, and Spotify Technology are the five Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies involved in producing, dis
Atlas Entertainment, Culture Genesis Set Creator Development Pact
Charles Roven's Atlas Entertainment and creator representation firm Culture Genesis have struck a film, TV and short-form content development pact.
Best of Santa Cruz County entertainment, arts & food events this weekend, Oct. 1-4
With the weekend nearly here, check out things to do around Santa Cruz County, with a recommendation from Lily Belli and a specially curated list from Lookout's BOLO events calendar.
The fun is over: Beloved entertainment center in Wynwood is closing. Here’s why
The game room opened in 2017.
Billy Joel shares health update amid brain disorder: ‘I know people are worried about me’
Joel was diagnosed with normal pressure hydrocephalus last year.
Ed Helms Stars In 'The Streak' For Lion Forge Entertainment
Ed Helms toplines 'The Streak,' a sports comedy from Steve Byrne that marks Oscar winner Lion Forge Entertainment's expansion into live-action.
North Las Vegas sports-entertainment complex celebrates final construction phase
A new sports-entertainment complex coming to North Las Vegas is celebrating a major milestone.
“Dancing With the Stars ”season 35 week 4 songs revealed: Which Mariah Carey hits are taking center stage?
The ABC competition series is honoring the pop icon with dances set to some of her biggest songs.
Why Is AMC Stock Falling on Thursday?
AMC Entertainment stock trades lower Thursday due to broad market pressure and profit-taking following a recent price surge.
UTA Streamlines Film, TV and Talent Units, Promotes Matt Rice
UTA has streamlined the leadership of its film, TV and talent departments under a new Filmed Entertainment unit led by agency veteran Matt Rice.
Ubisoft forms Massive Entertainment to focus on Splinter Cell, Ghost Recon and more
Yesterday’s job listings made it clear that Ubisoft is still filling key leadership roles for the Sp
UTA Restructures Filmed Entertainment Division; Matt Rice Named President
UTA has reorganized the leadership structure for its Filmed Entertainment division, elevating longtime partner Matt Rice to serve as its President.
UTA Shakes Up Filmed Entertainment Group: Matt Rice Named President
The exec will be joined by newly elevated managing partners Allan Haldeman, Blair Kohan, Jay Gassner and Julien Thuan, as well as a Filmed Entertainment Board.
Jupiter Festival Miami: Big Names in Media, Entertainment, Sports Will Connect, Collaborate, Make Deals
The festival, which runs Oct. 6-9, is taking the lead to define a new era of the media world by providing space for community building in real life
Hershey Entertainment & Resorts to Open Mellow Mushroom in Hershey in Fall 2027
Hershey Entertainment & Resorts (HE&R) today announced it will bring Mellow Mushroom to Hershey, Pennsylvania, marking the stone-baked pizza brand’s first location in the state. Mellow Mushroom is slated to open in fall 2027 at 337 West Chocolate Avenue, in the heart of downtown Hershey. The 8,000-square-foot restaurant will be owned and operated by HE&R. […]
Milestone integration for Goshen Health in century long history
WSBT CBS 22 provides news, sports, entertainment and public interest programs to the South Bend, Indiana area including Mishawaka, Notre Dame, Granger, Osceola, Elkhart, Jimtown, Dunlap, New Carlisle, Goshen, Middlebury, Bristol, New Paris, Nappanee, Howe, Lagrange, Topeka, Bourbon, Milford, Syracuse, North Webster, Warsaw, Bremen, Plymouth, Walkerton, Argos, Tippecanoe, Culver, Grovertown, Delong, Rochester, Akron, Winamac, North Judson, LaPorte, North Liberty, Wakarusa, Lapaz, Millersburg, Knox, and Michigan City, Indiana – and these areas of Michigan: St. Joseph, Benton Harbor, Buchanan, Niles, Three Oaks, New Buffalo, Harbert, Bridgeman, Stevensville, Watervliet, Berrien Springs, Dowagiac, Marcellus, Cassopolis, Decatur, Vandalia, Constantine, White Pigeon, Galien and Edwardsburg.
Joy Behar suffers major injury, misses “The View” as Sunny Hostin makes rare fill-in appearance as moderator
The 83-year-old was MIA from Thursday’s episode of the talk show.
Josephine Vaccarello Named President of MSG Entertainment
MSG Entertainment has promoted Josephine Vaccarello to President, after previously serving as the Company’s Executive Vice President, Live. She will now additionally oversee the Company’s entertainment and sports bookings as well the productions business.
Elta: Defy All Gods launches February 2, 2027, demo now available
“Adrenaline-fueled action platformer” Elta: Defy All Gods will launch for PlayStation 5, Xbox Series, and PC via Steam on February 2, 2027, publisher Focus Entertainment and developer A…
Entertainment this week: Party in the Sky, A Liar’s Cruise and more
Thursday, October 1 Football Fun at Alibi – 12-9 p.m., Alibi Ale Works – Truckee Public House, 10069 Bridge St. Watch football at Alibi. Come save your spot and get some beer for every NFL...
Top Weekly Entertainment Picks
October is here, bringing crisp days, apple cider and a full lineup of fall fun. Phish makes its highly anticipated return to Atlantic City, Smithville raises
Jason Jones, Co-Creator of Halo and Destiny and Co-Founder of Bungie, Announces New Studio
Jason Jones, one of the co-founders of Bungie and a co-creator of Halo and Destiny, has announced his new studio, Stone Kite, which will work on projects across various entertainment mediums. The studio's first release is One Zero One, a limited-series comic book based on a manuscript written by Jones.
Tanner Thomason dives into entertainment hot topics
Should you pay for your bestie to fly first class with you? Tom Cruise is still dancing, and Pete Davidson had something to say about influencers.
2 new tenants coming to Roseville Galleria, including Skims. What we know
Skims and Great Big Game Show are coming to the Roseville mall, bringing a new fashion brand and interactive entertainment experience.
Radial Entertainment Launches 'Paranormal Chronicles' FAST Channel
Radial Entertainment Oct. 1 launched Paranormal Chronicles, a premium FAST channel programmed for fans of paranormal investigations, documented hauntings, unexplained phenomena and mystery-driven true crime. Debuting in time for the Halloween viewing window, the channel is available for free on Google TV Freeplay, LG Channels, Plex, The Roku Channel, Dish TV, Bonusview and Sling Freestream … Continue reading "Radial Entertainment Launches ‘Paranormal Chronicles’ FAST Channel"
Dave And Buster's Entertainment (PLAY) Stock Sees Fair Value Cut As Turnaround Questions Persist
The fair value estimate for Dave & Buster's Entertainment has been cut from US$17.00 to US$13.00, which represents a reduction of about 23.5% in the price target. Analysts are clustering around this lower range as they reassess how much weight to give the turnaround story against concerns about sales mix, margins, and execution. As you read on, you will see how this shift fits into the broader analyst narrative and how to keep track of where the story goes next. Stay updated as the Fair Value...
Rock Entertainment Group names new chief commercial officer with Blue Jays, Trail Blazers experience
Galen Davies takes over the role after Allison Howard moved her focus to leading the Cleveland Sirens’ business operations.
“Traitors ”star reveals scalp partially fell off during “DWTS” live show: ‘I looked like a lizard’
“I look down, and I see a little chunk of skin.”
Rock Entertainment Group and the Cleveland Cavaliers Appoint Galen Davies Executive Vice President and Chief Commercial Officer
Rock Entertainment Group (REG) and the Cleveland Cavaliers today announced Galen Davies as Executive Vice President (EVP) and Chief Commercial Officer (CCO).
Big E Extra: Ice Cube
In this episode, we speak with John Juliano with Mellowship Entertainment about the many musical acts coming to The Big E
Jewish and Israeli Artists Face Growing ‘Cultural Boycotts’ Across Entertainment, ADL Report Says
The Anti-Defamation League has tracked 65 cases of protests, cancellations and harassment involving Jewish, Israeli and Zionist performers.
The Journalism, Publicity, and PR Masterclass Shines A New Light On Careers In the Entertainment Industry
Nafissatou Yattassaye
Corgi launches sports and entertainment platform Golden
Corgi Insurance has launched a dedicated sports and entertainment platform providing coverage for organisations, events, facilities and businesses that power the sports industry, the insurtech announced on Wednesday.
Agassi Sports Entertainment Forms Let's Play, LLC, With Goal of Building a Unified Global Club Network
Jonathan Fornaci Named President of Let's Play, LLCLAS VEGAS, NV / ACCESS Newswire / October 1, 2026 / (OTCID:AASP) ("ASE" or the "Company"), a sports, media, and technology platform focused on the global racket sports ecosystem and built around the iconic brands of Andre Agassi and Stefanie Graf, today announced the formation of Let's Play, LLC, a wholly-owned subsidiary, as well as the appointment of Jonathan Fornaci as President of Let's Play, LLC. As the newly formed facilities division of A
Kena: Scars of Kosmora delayed to 2027
Publisher Sony Interactive Entertainment and developer Ember Lab have delayed Kena: Bridge of Spirits sequel Kena: Scars of Kosmora from its previously planned 2026 release window to 2027. It will …
Arts and entertainment events happening October 1st-4th across the Mid-Ohio Valley
Jeff Dewitt joins Daybreak to discuss what’s happening October 1st-4th across the Mid-Ohio Valley!
BTIG Research Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $110.00
BTIG Research cut their price objective on Flutter Entertainment from $113.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday.
After Hours in Vegas: Dining, Entertainment and More
Once you hit the jackpot with discovery and connections on the NACS Show floor, celebrate in lively Las Vegas.
Azerbaijan Airlines and Stellar Entertainment expand partnership to transform inflight entertainment
Azerbaijan Airlines is set to deliver a more dynamic inflight entertainment experience through an expanded partnership with Stellar.
Columbus Commons brings back free sunset movie series with Halloween twist in October
Downtown Columbus is getting a spooky dose of outdoor entertainment this October as the free Sunset Movie Series returns to Columbus Commons with Halloween-them
Hometown’s Best: Nominate your favorite local live music, entertainment, or sports venue in Southwest Virginia
What’s your favorite local live music, entertainment, or sports venue in Southwest Virginia?
Hometown’s Best: Nominate your favorite local live music, entertainment, or sports venue in Southwest Virginia
What’s your favorite local live music, entertainment, or sports venue in Southwest Virginia?
Entertainment RX: Cancer treatment, concern for a gender-fluid grandchild
Entertainment RX, a new column from former Globe TV critic Matthew Gilbert, is an entertainment-guided advice column offering things to read, listen to, or watch that somehow address — or, in some cases, distract from — the issues readers write in about.
IndyStar's entertainment staff recommends these Heartland Film Fest picks
Choosing which of the 100+ films to watch at Heartland is tough work. Let these 10 IndyStar entertainment staff picks help you with decision-making.
What The PENN Entertainment Bears Got Right, And Where It Is Playing Out Again
If you backed PENN Entertainment on the promise of ESPN integration and riverboat-to-land projects transforming the business, the ride since last autumn has been rough. For PENN Entertainment shareholders, the loss over the past year was 23.5%, including dividends. If you were weighing a purchase in late September 2025, with analysts split between upbeat ESPN-led growth and caution over regulation, debt and weak Interactive economics, which of those specific assumptions most clearly missed...
Entertainment
Playhouse at McConnellstown has launched its “Raise the Roof” Capital Campaign to raise $30,000 for repairs to the theater’s roof and gutter system. Donations of any amount are being accepted
2026 Trademark Cases Impacting The Entertainment Industry
This article summarizes 2026 trademark cases that impact the entertainment industry.
Respawn Entertainment’s Star Wars Jedi 3 will reportedly be shown off before the end of 2026
Respawn Entertainment’s Star Wars Jedi series is one of the most celebrated modern iterations of thi
Banijay Entertainment’s Scripted Secret: Find the Talent, Then Back the Ideas
With 170 labels across 25 territories, Banijay Entertainment has plenty of scale. But at Iberseries & Platino Industria, Steve Matthews, head of scripted, creative, made clear that the company’s globa...
Banijay Entertainment Scripted Content Strategy: Good Writers
With 170 labels across 25 territories, Banijay Entertainment scripted content global strategy begins with good writers.
Zacks Industry Outlook Highlights Disney, Madison Square Garden Entertainment, People and Reservoir Media
For Immediate ReleaseChicago, IL – October 1, 2026 – Today, Zacks Equity Research discusses Disney DIS, Madison Square Garden Entertainment Corp. MSGE, People Inc. PPLI and Reservoir Media RSVR.Industry: Media ConglomeratesLink: https://www.zacks.com/commentary/2998250/4-media-stocks-that-are-worth…
Zacks Industry Outlook Highlights Disney, Madison Square Garden Entertainment, People and Reservoir Media
DIS, MSGE, PPLI and RSVR pursue content and technology strategies as media faces cord-cutting and weaker broadcast TV demand.
Rancho Cordova planning commission approves proposed 28-acre entertainment development
Rancho Cordova planning commission unanimously approves massive entertainment development
Out & About: A weekly guide to live and local entertainment
Thursday, Oct. 1 Music
Weekly Entertainment Report: Live music and lively arts, Oct. 1-4 » Nashua Ink Link
Live music and entertainment abound. Go get some.
Jim Carrey marries girlfriend Min Ah in private ceremony
The two have been spotted together as far back as 2022, but Carrey kept details of their relationship under wraps.
What You Can Learn From WEBTOON Entertainment's 39% Drop
WEBTOON Entertainment’s Q1 2026 report looked mixed on the surface, with revenue slightly weaker than expected but earnings per share comfortably ahead of forecasts. Investors who held WEBTOON Entertainment over the past year are down 39.3%, including dividends. If you had invested just after analysts set out sharply different fair values and earnings paths in late 2025, how should you now interpret that decline in light of WEBTOON’s push into Disney-backed content, AI tools, and a growing IP...
Festive vibes: Entertainment, vendors galore lined up for patriotic-themed Riley Festival - The Daily Reporter
GREENFIELD — Don the red, white and blue at this year’s Riley Festival, complete with a patriotic theme to celebrate America 250.
We Are Iowa Local 5 News
Welcome to the official YouTube channel of Local 5 News (WOI-TV). Subscribe to our channel for the latest news updates, heartwarming stories and weather forecast. ▶️ Subscribe to Local 5 on YouTube: https://bit.ly/Local5YouTube_subscribe Facebook: https://facebook.com/WeAreIowa X: https://x.com/weareiowa5news Instagram: https://instagram.com/weareiowa 💻 Stream us on WeAreIowa+: https://www.weareiowa.com/article/entertainment/television/programs/weareiowa-plus-ott-streaming-app-24-7-news-channel-roku-amazon-fire-tv/524-1558f3b4-af48-447d-9974-a7dd4cd9a0b7 📱 Download the We Are Iowa app: https://weareiowa.com/app 📩 Get Local 5’s "5 Things to Know" email newsletter in your inbox: https://weareiowa.com/email
The Herald's weekly entertainment picks
Looking to be entertained from Thursday, Oct. 1, through Wednesday, Oct. 7? Check out the Skagit Valley Herald’s weekly recommendations.
Iowa’s newest casino, opening in November, announces space-exploration exhibit, entertainment lineup
Cedar Crossing Casino & Entertainment Center announced Wednesday that its Compass Center will open with an interactive space exploration exhibit, while the
Jeff Probst weighs in on “Survivor 51 ”player trying to vote himself out: ‘What was he thinking?’
The host also reacts to a contestant cutting off part of his thumb.
Taxpayers in Cairo welcome idea of downtown "entertainment district"
CAIRO, Ga. -- Downtown Cairo could soon get a taste of big-city nightlife.City leaders in the small South Georgia town are discussing ways to create a downtown
The Dream Awards to Honor Entertainment, Media Legends in Las Vegas, Sunday, Oct. 25
LAS VEGAS (September 2026) – On Sunday, Oct. 25, entertainment and media legends will gather at The Orleans Hotel & Casino in Las Vegas for the 2026 Dream Awards. The red-carpet program will honor a
Zacks Industry Outlook Highlights Disney, Madison Square Garden Entertainment, People and Reservoir Media
DIS, MSGE, PPLI and RSVR pursue content and technology strategies as media faces cord-cutting and weaker broadcast TV demand.
MEA Location-based Entertainment Market Size Report 2033
MEA location-based entertainment market size was $191.5M in 2025, is projected to grow from $253.2M in 2026 to $1,398.0M by 2033, at a CAGR of 27.6%
Cedar Crossing announces space exhibit at Compass Center, adds 16 shows to entertainment lineup
Cedar Crossing Casino & Entertainment Center will open its Compass Center with an interactive space exploration exhibit and has added 16 concerts and comedy shows to its entertainment schedule, casino leaders announced Sept. 30. “The property has truly come alive over the past several weeks,” said Kim Pang, executive vice president and general manager at […]
Upworthy Launching Entertainment Studio Led By Sarah Yourgrau
One of the dominant digital platforms of the early social media era has hired Sarah Yourgrau to help it develop positive, uplifting stories to new platforms.
Eldridges look to build family-focused entertainment destination
Billy and Kassandra Eldridge noticed a missing piece of the community – a space where families could gather, kids could play and special moments celebrated. With the help of the IGNITE program, they hope to fill that void.
Looking at the Ugly Side of the Paramount-Skydance Merger...And How I’d Fix It
A Message from Our Sponsor Certified Fresh with 100% on Rotten Tomatoes, FX’s Adults is an ensemble comedy series about a group of twenty-somethings in New York leaning on each other to navigate love, work, friendship and family. Don’t sleep on “The Sitcom of the Moment” - Awards Buzz All Episodes now streaming on Hulu on Disney+. Watch The Teaser Trailer... (Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industr(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Before we dive in, I wanted to congratulate Broadcast Now for being the first to report that Netflix’s How to Get to Heaven from Belfast has been cancelled. (I saw this in a write-up by Kasey Moore of Whats-On-Netflix.) More importantly, I wanted to note that, as of yesterday, none of the other trades had reported the news yet. I have half a guess that eventually one of them will report this. Anyways, it’s time to take a break from my deluge of streaming ratings reports to continue my analysis of the Paramount Skydance Warner Bros. Discovery (PSWbD) saga. As I noted last week, a lot of times when folks use the (sometimes cliched) “the good, the bad and the ugly” framing for an article, “the ugly” section is just more bad. Or very, very bad. In this case, yeah, I do think it’s ugly. In more than one way. Unfortunately, we’re only going to have time to tackle one of those ways today: the ugly pile of debt to finance this deal. (In a future article, I may cover the entire process for how it went down, which was very, very ugly.) Last issue, I explained why I liked this deal in a vacuum. Unfortunately, “vacuums” don’t exist outside of space. Let’s dive in. Subscribe Most Important Story of the Week - The Ugliness of the Paramount/Warner Bros. Merger More than one person sent me a note speculating that the big problem with Paramount Skydance buying Warner Bros. Discovery is the “Warner Bros.” portion of the deal. In fact, that’s a take I read a lot about Warner Bros., ever since they caught Netflix’s, and then Paramount-Skydance’s, eye. In short, multiple companies (Time, AOL, AT&T, Discovery) have bought and then regretted buying Warner Bros. Since it’s nearing Halloween, you could almost say it’s like the folks think WB is cursed! It’s a haunted studio—like the town of Derry in movie studio form—and whoever takes possession of it will fall into misery! Yet...I just don’t like that story, because it doesn’t explain the “why” behind why those deals fell through. Especially when Warner Bros. has continued to succeed as a TV and film studio in the intervening two decades. Lord of the Rings? Harry Potter? Game of Thrones? Everything HBO? Considering it never fully owned a broadcast TV channel, this media company has done pretty well. So what went wrong? Well, in recent years, companies bought Warner Bros. instead of the other, smarter option. Explaining POCD (And Applying It to Mergers & Acquisitions) As I explained last issue, one of my favorite frameworks is the POCD tool for evaluating venture capital investments: People Opportunity Context Deal The bar to invest as a VC is high. (Or I might say “was” since cheap interest rates made life easier last decade.) You review a thousand prospectuses, get pitched by a hundred, and invest in the ten best, with the hopes that one of those ten would pay for the rest. That means every element of a deal needed to pay off: you needed the right people running the companies, who could capitalize on the right opportunity, in the context of an industry that was ripe for disruption. If you could then not overpay, you could make some money in a smart deal. The analogy isn’t perfect here, but close enough. For a merger or acquisition to work, you need the combined company (which is the opportunity) to make more than the price you need to pay (which is the deal). Note: the people and context still matter, but with M&A, it’s a little more straightforward: does the opportunity exceed the cost? And usually with Warner Bros., it hasn’t. If you want to find out the single biggest mistake made by the Warner Bros. suitors over the last few years (and my simple fix) become a paid subscriber. I’ll also touch on who I think Paramount-Skydance could (shockingly) consider buying next, TBD, and more. Sign up here.
ENTERTAINMENT: Fiesta en SoMa celebrates Hispanic heritage
SoMa 501 is sponsoring Fiesta en SoMa: Rancho Bernice, “a special edition of SoMa After Dark,” according to the organization’s website.
Cedar Crossing Casino unveils new space exhibit, announces entertainment lineup
Cedar Crossing Casino unveiled their entertainment lineup on Wednesday, including the announcement of a new space exhibit called Astronaut.