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Read previewComedian Mo'Nique rekindled her yearslong feud with Oprah Winfrey, accusing her of stealing movie roles and blindsiding the "Precious" actor by interviewing her estranged parents on her show. Oprah Winfrey." AdvertisementMo'Nique said Oprah Winfrey didn't ask her before interviewing her estranged parents on her showMo'Nique also addressed the drama regarding her family's appearance on "The Oprah Winfrey Show" in 2010. In 2023, Mo'Nique told The Hollywood Reporter that Winfrey told her that her brother would be on the show, not her estranged parents also, and avoided Mo'Nique's calls after the interview aired. "I shared with Oprah Winfrey what we were going through and how I felt," she added.
Persons: , Mo'Nique, Oprah Winfrey, Winfrey, Tyler Perry, Lee Daniels, Perry, Daniels, Oscar, Shay Shay, Shannon Sharpe, Monique, The Butler, Oprah, Butler, Richard Pryor, You've, you've, I'm, Mo'Nique's, Films Mo'Nique, Barbara Walters, Walters Organizations: Service, Business, Hollywood, Films Locations: Hollywood
Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - Elon Musk threatened on Saturday to sue media watchdog Media Matters and those who attacked his social media platform X, following moves by several large U.S. companies to halt advertising on the site after being promoted alongside antisemitic content. Liberal watchdog group Media Matters for America said earlier this week that it found ads from IBM, Apple and others were placed alongside content promoting Adolf Hitler and the Nazi Party. "This week Media Matters for America posted a story that completely misrepresented the real experience on X, in another attempt to undermine freedom of speech and mislead advertisers," a statement posted by Musk said. He accused Media Matters of creating an alternative account designed to "misinform advertisers" about their posts. Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.
Persons: Tesla, Elon Musk, Leon Neal, Adolf Hitler, Musk, Axios, Musk's, Mrinmay Dey, David Gaffen, Tomasz Janowski, Kirsten Donovan, Daniel Wallis Organizations: SpaceX's, Bletchley, Media, Liberal, America, IBM, Apple, Nazi Party, X Corp, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, Defamation League, ADL, Hamas, Thomson Locations: Bletchley, Britain, United States, Israel, Palestinian, Bengaluru
Apple and Disney Among Companies Stopping Ads on X
  + stars: | 2023-11-18 | by ( Joe Flint | Patience Haggin | ) www.wsj.com   time to read: 1 min
The exodus of major advertisers adds to the business challenges Elon Musk faces in managing X. Photo: Carlos Barria/ReutersApple and several major entertainment companies stopped advertising on Elon Musk’s X after the social-media network’s owner described an antisemitic post this week as “the actual truth” and again lashed out at the Anti-Defamation League. Among those pausing ads on the social-media platform are Disney , Warner Bros. Discovery , Paramount Global , NBCUniversal and its parent Comcast and Lions Gate Entertainment , people close to those companies said.
Persons: Elon Musk, Carlos Barria, Elon Musk’s Organizations: Reuters Apple, Elon, Defamation League, Disney, Warner Bros, Discovery, Paramount Global, NBCUniversal, Comcast, Lions Gate Entertainment
Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 18 (Reuters) - X Corp, formerly known as Twitter, will file a lawsuit against Media Matters and those who attacked social media platform X, Elon Musk said on Saturday in a post on the platform, soon after major U.S. companies paused their advertisements on the site. Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content. Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people. "Media Matters created an alternate account and curated the posts and advertising appearing on the account's timeline to misinform advertisers about the placement of their posts." Media Matters did not immediately respond to an emailed request seeking comment outside of business hours.
Persons: Tesla, Elon Musk, Leon Neal, Musk, Comcast's Xfinity, Adolf Hitler, Axios, Elon Musk's, Andrew Bates, Mrinmay Dey, Tomasz Janowski, Kirsten Donovan Organizations: SpaceX's, Bletchley, X Corp, Twitter, Media, Liberal, IBM, Apple, Oracle, Nazi Party, Disney, Warner Bros Discovery, Comcast, Lions Gate Entertainment, Paramount Global, America, Palestinian, Thomson Locations: Bletchley, Britain, Israel, Bengaluru
Lionsgate suspends advertising on X
  + stars: | 2023-11-18 | by ( ) www.reuters.com   time to read: 1 min
The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 17 (Reuters) - Lions Gate Entertainment (LGFa.N) has suspended advertising on Elon Musk-owned X, a spokesperson for the company said on Friday. Apple (AAPL.O) is also pausing all advertising on X, Axios reported, after Musk backed an antisemitic post on the social media platform earlier this week. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Axios, Musk, Samrhitha, Devika Organizations: Twitter, REUTERS, Gate Entertainment, Elon, Apple, Thomson Locations: Bengaluru
Elon Musk lashed out at large advertisers and Media Matters, a media watchdog group, on Friday after several major brands decided to pause spending on X, the social media platform he owns and runs as CTO. Discovery , then decided to halt their ad spending, at least temporarily, on the social media platform formerly known as Twitter. In late October, an X user complained that a statue of Confederate general Robert E. Lee was melted down in Charlottesville, Virgina. Last week, Musk agreed with a post falsely claiming that the Jewish people have been pushing "dialectical hatred" against white people. It is not clear whether or when X Corp. will actually file a suit against Media Matters, or in which jurisdiction.
Persons: Elon Musk, Musk, hawked, Joe Benarroch, Confederate, Robert E, Lee, Jonathan Greenblatt, Musk's, Angelo Carusone, Jonathan Vanian Organizations: Media, X Corp, America, Twitter, Apple, Comcast, NBC Universal, Disney, IBM, Lions, Paramount Global, Warner Bros, CNBC, Facebook, Defamation League, Media Matters, Washington , D.C Locations: Charlottesville, Virgina, Jewish, San Francisco, Washington ,
Apple and Disney Among Companies Stopping Ads On X
  + stars: | 2023-11-17 | by ( Joe Flint | Patience Haggin | ) www.wsj.com   time to read: 1 min
The exodus of major advertisers adds to the business challenges Elon Musk faces in managing X. Photo: Carlos Barria/ReutersApple and several major entertainment companies stopped advertising on Elon Musk’s X after the social-media network’s owner described an antisemitic post this week as “the actual truth” and again lashed out at the Anti-Defamation League. Among those pausing ads on the social-media platform are Disney , Warner Bros. Discovery , Paramount Global , NBCUniversal and its parent Comcast and Lions Gate Entertainment , people close to those companies said.
Persons: Elon Musk, Carlos Barria, Elon Musk’s Organizations: Reuters Apple, Elon, Defamation League, Disney, Warner Bros, Discovery, Paramount Global, NBCUniversal, Comcast, Lions Gate Entertainment
Apple CEO Tim Cook looks on following a conversation on mental health, during a spousal program on the last day of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week at Apple Park in San Francisco, California, on November 17, 2023. Apple and Disney have paused online advertising campaigns on X, formerly Twitter, after owner Elon Musk said he agreed with a social media post accusing "Jewish communities" of pushing "hatred against whites," according to sources familiar with both companies' moves. Warner Bros Discovery , Paramount Global , Lions Gate Entertainment are also suspending campaigns on the social media service, spokespeople for the company confirmed. The X Out Hate group originally urged those companies to suspend their online advertising campaigns on X in September, when Musk insinuated that he would file a defamation lawsuit against the Anti-Defamation League, alleging that the ADL was "trying to kill this platform by falsely accusing it & me of being anti-Semitic." Steven Kovach and Alex Sherman contributed reportingWatch: IBM pauses advertising on X after Elon Musk receives backlash for antisemitic post.
Persons: Tim Cook, Elon Musk, Apple's, Axios, Adolf Hitler, Musk, Jonathan Greenblatt, Musk's, Andrew Bates, Steven Kovach, Alex Sherman Organizations: Apple, Economic Cooperation, APEC, Disney, Warner Bros Discovery, Paramount Global, Lions Gate Entertainment, New York Times, Media Matters, America, IBM, Bravo, Oracle, Nazi Party, Comcast, CNBC, Anti, Defamation League, ADL, Google, White House, Elon Locations: Asia, San Francisco , California
Activist investor Nelson Peltz may be intent on making sure Disney directors don't get that luxury. He tried earlier this year to get himself on the Disney board, only to be rebuffed by Iger and eventually walk away in February. Disney's board has also struggled to groom a successor to Iger, who has five times renewed his contract to stick around as CEO. Still, to sway Disney shareholders to vote for Peltz or other board members, Trian may need to push for specific ideas or financial engineering that Disney hasn't already articulated. If not, his next move could be a public fight to get himself and others on Disney's board.
Persons: Nelson Peltz, Ike Perlmutter, Bob Iger, Trian hasn't, Peltz, Hugh Johnston, Iger, Trian, Gamble, Bob Chapek, Mark Parker, Mary Barra, there's Organizations: Disney, Trian, Management, Marvel Entertainment, PepsiCo, Paramount Global, Comcast, Warner Bros, Discovery, AMC Networks, Lions, Entertainment, Proctor, Nike, General, Iger, CNBC, ABC, ESPN Locations: Iger
Starbucks is developing climate-proof coffee
  + stars: | 2023-10-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +7 min
New York CNN —Coffee is a finicky crop — arabica coffee, the most popular variety, in particular. Joshua Trujillo/StarbucksSo Starbucks, which says it purchases about 3% of all the world’s coffee, is developing new arabica varietals that are specifically cultivated to hold up better on a warming planet. They, along with other coffee farmers across the globe, are struggling to adapt to global warming. But arabica coffee, the only variety used by Starbucks, is especially at risk. Starbucks has been working on developing new coffee varietals.
Persons: IADB, Joshua Trujillo, Michelle Burns, Carlos Mario Rodriguez, Suzanne Shriner, Shriner, , “ we’re, Miguel Gomez, it’s, Monika Firl, Burns, Cornell’s Gomez Organizations: New, New York CNN, Inter, American Development Bank, Starbucks, Lions, Coffee Research, Cornell’s Dyson, Applied Economics, Management, Fairtrade Locations: New York, America, Caribbean, Hacienda Alsacia, Costa Rica, Hawaii
[1/4] A boat passes under the Lions Gate bridge to enter Vancouver Harbour, shrouded in a haze of wildfire smoke, as seen from Cypress Mountain in North Vancouver, British Columbia, Canada, August 21, 2023. REUTERS/Chris Helgren Acquire Licensing RightsREVELSTOKE, British Columbia, Aug 21 (Reuters) - Millions of people in the western Canadian province of British Columbia were under air quality warnings on Monday as hundreds of wildfires filled the skies with smoke and turned the sun orange. In the cities of Kelowna and Kamloops, the air quality index (AQI) was above 350, a "hazardous" level, real-time air quality information platform IQAir showed. Wildfire smoke is a seasonal occurrence for much of heavily-forested British Columbia, but the number of wildfires and amount of land burned is trending higher as a result of climate change, increasing concerns about the impact on human health. "This type of extreme smoke event covering all of our province does not happen every year," said Jalena Bennett, smoke information specialist with BlueSky Canada, adding 2018 was the last time wildfire smoke was so widespread.
Persons: Chris Helgren, Jalena Bennett, Ash, Marie, Eve Hervieux, Bobby Sekhon, Nia Williams, Denny Thomas, Josie Kao Organizations: REUTERS, Rights, British Columbia, BlueSky, Environment, Thomson Locations: Lions, Vancouver, Cypress Mountain, North Vancouver, British Columbia, Canada, Rights REVELSTOKE, Canadian, British, Kelowna, Kamloops, Lahore, Pakistan, BlueSky Canada, Shuswap Lake, Environment Canada, Metro Vancouver, Revelstoke
But can the same be said for Mattel shares? Mattel stock is up more about 19% on a year to date basis after a mixed start to the year. Into the Barbie release, the stock reflects the growing buzz. Mattel shares moved from $17.59 on June 1 to breaking into the $20 range for the first time since February. Though Barbie is not a typical film in the space given its adult audience, Jefferies analyst Andrew Uerkwitz said, it can still help Mattel sales incrementally.
Persons: Gordon Haskett, Don Bilson, Greta Gerwig, Margot Robbie, Ryan Gosling, Bilson, Goldman Sachs, Stephen Laszczyk, Davidson, Linda Bolton Weiser, Bolton Weiser, Barbie, Brett Feldman, Jefferies, Andrew Uerkwitz, Roth, David Bellinger, Bellinger, Mario, Morgan Stanley, Benjamin Swinburne, ramped, Oppenheimer, Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Mattel, Warner Bros, Lions, Lions Gate, Hasbro, MAT, Analysts, Universal Pictures, Mario Bros, Hollywood, JPMorgan, CNBC, Alliance, Television Producers, Guild of America Locations: 2H23
"We're getting to a point of being very destructive to the entertainment ecosystem," said Rosenblatt Securities analyst Barton Crockett. Bazinet said to expect the walkout to last into the fourth quarter, which would mean a writers' strike lasting between around 150 and 240 days and an actors' strike in a range of 70 and 160 days. The strikes could cost the film and TV industry about $150 million per week, Citigroup's Bazinet wrote, using inflation-adjusted data from the 1980 actors' strike. "The lasting impacts are: [it] makes the streamers stronger and the traditional media companies weaker," Crockett said. JPMorgan analyst David Karnovsky downgraded movie theatre chain Cinemark shares to neutral from overweight earlier this week, citing the strike.
Persons: We're, Barton Crockett, Jason Bazinet, Bazinet, Douglas Mitchelson, Mitchelson, Goldman Sachs, Brett Feldman, Philip Cusick, Cusick, Goldman's Feldman, Citigroup's Bazinet, Rosenblatt's Crockett, Crockett, Feldman, Barbie, Oppenheimer, Stephen Laszczyk, David Karnovsky, Karnovsky, — CNBC's Michael Bloom Organizations: Screen, – American Federation of Television, Radio Artists, Alliance, Television Producers, Writers Guild of America, Rosenblatt Securities, Media, AMC, Disney, Warner Bros, Discovery, Paramount, Netflix, UFC, Endeavor, WWE, SAG, Credit Suisse, JPMorgan, AMC Networks, WBD, Covid, Comcast, CNBC
Rosenblatt Securities is looking toward the second half of the year for investors. Our price target of $200 is supported by a mid-20s P/E on earnings power of over $6.00," the note said. NVDA AMD YTD mountain Both AMD and Nvidia have benefited from the explosion in artificial intelligence so far this year. In media and entertainment, Lions Gate Entertainment class B stock made the Rosenblatt list with a $17 per share price target. Rosenblatt is also eyeing broadband company Harmonic , with a $22 per share price target that implies about 35% upside.
Persons: Rosenblatt, Rosenblatt's Michael Kiernan, Barton Crockett Organizations: Securities, AMD, Nvidia, Galaxy, Toronto Stock Exchange, Lions, Entertainment
It’s Me, Margaret,’ Margaret and her friends navigate the perils of tweendom. Photo: Lions Gate/Courtesy Everett CollectionIt was an intimate day on the set of “Are You There God? It’s Me, Margaret,” the first movie adaptation of one of American publishing’s defining coming-of-age novels. The scene involved the title character putting a sanitary pad in her underwear for the first time. “This whole time,” a middle-aged man in the crew confided to the director, “I thought the sticky side went up.”
Former Paramount Global executive David Nevins offered to buy Showtime for more than $3 billion in recent weeks but was turned down by Paramount executives, according to people familiar with the situation. Mr. Nevins’s approach, which was backed by private-equity firm General Atlantic, was the latest in a number of offers Paramount has received over the past few years for Showtime, people familiar with the matter said. Other suitors included Mark Greenberg, another former Showtime executive who most recently ran the premium network Epix, and Lions Gate Entertainment Corp., some of the people said.
With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.
If Nelson Peltz were to win his fight to join Walt Disney 's (DIS) board of directors, the activist investor could force a level of accountability at the company that's sorely needed. Disney's board made the decision to not endorse Peltz and swiftly announced Wednesday that they named Mark Parker, a director since 2016 and executive chairman at Nike (NKE), as chairman, succeeding Susan Arnold. Disney, Peltz explained, "is a lot more than a media company." Disney's streaming business lost nearly $1.5 billion last quarter. Given Disney's distressed balance sheet, Jim asked Peltz about streaming service Hulu.
CNN —Jennifer Grey’s Frances “Baby” Houseman isn’t the only original “Dirty Dancing” character returning for the sequel. The film helped make her and costar Patrick Swayze superstars before he died of pancreatic cancer at the age of 57 in 2009. Jennifer Grey and Patrick Swayze in 'Dirty Dancing' (1987). Grey told People magazine in April that she’d been working on the script for a “Dirty Dancing” sequel for years, which she hoped would capture some of the magic of the original and translate it for a newer audience. ‘Dirty Dancing’ was a fairy tale, a successful movie and formula, using dance as a metaphor for embodying your energy and getting out of your head, and your limiting belief systems.”The “Dirty Dancing” sequel is set to start filming next year.
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
Lions Gate focusing on spinning off studio business over Starz
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +1 min
Actors and staff pose as they arrive for the world premiere of "The Hunger Games: Mockingjay - Part 2" in Berlin, Germany, November 4, 2015. REUTERS/Fabrizio BenschSept 28 (Reuters) - Lions Gate Entertainment Corp (LGFa.N) said on Wednesday it was focusing on spinning off its studio business first, even as it explores alternative options for its cable and streaming division, Starz. The company's film and TV studios have an extensive library, with hits such as "Hunger Games, "The Expendables" and "Mad Men". "As negotiations progress, we have increased our focus on the possibility of spinning our studio business, creating a number of financial and strategic benefits." Lionsgate also announced it would rebrand its international streaming service, Starzplay, to Lionsgate+ in 35 countries.
Canadian actor Ryan Grantham was sentenced to life in prison after he pleaded guilty to killing his mother in March 2020. He will be eligible for parole after serving 14 years, a spokesperson for the British Columbia Supreme Court in Vancouver said. Prosecutors said Grantham, who starred in "Riverdale" and "Diary of a Wimpy Kid," shot and killed his mother while she was playing piano at their home. Instead of committing these acts, Grantham drove to Vancouver police and admitted to killing his mother, the newspaper reported. Johnson said at the time of the murder, Grantham was dealing with untreated mental health challenges including a major depressive order.
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