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Thousands of residents and visitors viewed the event from the baseball field at Hidalgo de Dolores Elementary School. Residents began renting out their homes after area hotels reached capacity. ET Cuatro Ciénegas Amid a vast landscape of gypsum dune fields — formed over millions of years — spectators viewed the eclipse. ET Dallas Crowds set up their picnic blankets alongside the Trinity River, which runs through Dallas, one of the largest cities to experience the total eclipse. ET Russellville More than 100 couples were married in a giant ceremony just minutes before the eclipse, during the Total Eclipse of the Heart festival.

Persons: — Dennis Overbye, Andrés Manuel López Obrador, ” Federico Garza, ”, David Bowie, Pink Floyd, Sun Ra, Taylor Swift Organizations: North America Today, Hidalgo de Dolores Elementary School, Nazas, Residents, Dallas Crowds, Russellville, Eclipse, Liverpool, Illinois Department of Transportation, Indiana, Indianapolis, Indianapolis Zoo, Lucas Oil, Roll Hall of Fame, Attica Railroad, Eclipse Fest, Buffalo State, Syracuse, Syracuse Mets, Worcester Red Sox, Hotels, Montreal Locations: North America, — Dennis Overbye Mexico, Sinaloa State, Mazatlán, Mexico, Hidalgo, Texas, Eagle, Dallas, Arkansas, Ozark, . Illinois, Southern Illinois, Midwest, . Ohio, Lake Erie, Cleveland, Taylor Swift . New York, Niagara Falls, England, Burlington , Vt, Burlington, Lake Champlain, Maine, Canada, U.S, Montreal, Fredericton , New Brunswick, New Brunswick, EclipseFest

☆ Americans are still splurging on travel and entertainment — even as credit card debt tops $1 trillion
▼ + stars: | 2024-04-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Revenge spending is not dead. Even as Americans owe $1.13 trillion on their credit cards, consumers are still willing to splurge on impulsive purchases. It's a phenomenon also known as "doom spending," or spending money despite economic and geopolitical concerns. Roughly 38% of adults plan to take on more debt to travel, dine out and see live entertainment in the year ahead, according to a recent report by Bankrate. "There's still a lot of demand for out-of-home entertainment," said Ted Rossman, senior industry analyst at Bankrate.

Persons: Taylor, Bankrate, Ted Rossman, Rossman Organizations: Bankrate

☆ Americans are spending more on travel and live entertainment. But their personal saving rate has taken a dip.
▼ + stars: | 2024-03-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Four years later, American consumers have mostly moved on from the pandemic and are spending more on experiences than ever before. Prioritizing experiences, however, has led to a major shift in their financial lives: The personal saving rate in the US has declined considerably. In 2023, consumer spending on foreign trips and live entertainment rose by nearly 30 percent, according to the newspaper. Related storiesAt the same time, perhaps predictably, the US personal saving rate has declined, according to the bureau. In February, the personal saving rate was 3.6 percent, a drop from 4.1 percent the month before.

Persons: —, Ulrike Malmendier, Malmendier Organizations: Service, Business, Washington Post, University of California Locations: Berkeley

☆ Private-equity and VC investors look to sports, AI, and live events as the era of peak TV draws to a close
▼ + stars: | 2024-03-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.

Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI

☆ Sayre Gomez’s paintings show LA ‘as it is, rather than a projection’
▼ + stars: | 2024-02-26 | by ( Victoria Woodcock | ) edition.cnn.com time to read: +7 min

CNN —It was not until I looked at “Family Room” for the second time that I saw the two children. The scene of decay and demise is a painting by LA-based artist Sayre Gomez, called “Family Room,” that brings together disparate elements of his hometown in an unnervingly photorealist style. The work forms part of his solo show “Heaven N’ Earth,” at art dealer Xavier Hufkens’ flagship gallery in Brussels, Belgium, exploring the complex dichotomies of the urban landscape. The Broad Museum in Los Angeles has also recently added Gomez’s work to its collection. Gomez's photo-realistic work is currently appearing in a solo show at Xavier Hufkens in Brussels, Belgium (above) and a group show at The Broad in Los Angeles.

Persons: Sayre Gomez, Xavier Hufkens, ” Gomez, Xavier Hufkens It’s, “ Gomez, Gomez, ”, Ed Rusha, Jack Goldstein, ” Sayre Gomez, Sam Ramirez, it’s, fabricators, John Baldessari, Xavier Hufkens “, Ed Schad, David Zwirner Organizations: CNN, Los Angeles Homeless Services Authority, California Institute of the Arts, Lucasfilm, Peabody Werden, Voorlinden, The Broad Museum Locations: LA, Brussels, Belgium, deindustrialization, ”, Chicago, Los Angeles, Boyle Heights, Hollywood, Netherlands, Hope, Angeles, California

☆ The economy's gone from strength to strength after the pandemic — but no one quite knows why, or what comes next
▼ + stars: | 2024-02-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

America has gone from a pandemic crash and recession fears to stocks at record highs and an economic boom. Lockdowns, wars, shortages, inflation, interest rates, day trading, and AI have all played a role. Noam Galai/SOPA/Getty ImagesMany Americans also socked away money during the pandemic, as they saved on expenses like travel and live entertainment. Stimulus-fueled demand, combined with pandemic and war-related supply disruptions, caused inflation to spike to a 40-year high of 9.1% in June that year. The Fed swiftly raised interest rates to rein in the price growth, lifting them from virtually zero to upward of 5% in under 18 months, and hasn't touched them since.

Persons: —, We've, Noam Galai, hasn't, It's, dory Organizations: Service, Federal Reserve, GameStop, AMC Entertainment, AMC, Bank Locations: America, China, Ukraine

☆ Super Bowl’s historic ratings show that the NFL is at the apex of its powers
▼ + stars: | 2024-02-13 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

That ratings figure was up 7% from last year’s Big Game, which previously held the title for the most-watched Super Bowl of all-time. 120 million viewers watched the sporting event on CBS, the largest audience ever for a single network, the company said. The record-breaking Super Bowl capped a strong season for the NFL, with the NFC championship game on Fox averaging 56 million viewers and the AFC championship game averaging 55 million on CBS. The epic conclusion to an already epic season proved that the NFL is at the apex of its powers. No other event rivals the star power the Super Bowl draws.

Persons: “, ”, Austin Karp, ” Karp, Taylor Swift, Elon Musk, Gavin Newsom, Jay, Tim Cook, LeBron James, Jimmy Kimmel, Lady Gaga, Justin Bieber, Paul Rudd, Martha Stewart, Mark Wahlberg, Kendall Jenner, Shaquille O’Neal, Sean McManus, John Ourand Organizations: New York CNN, National Football League, peerless, NFL, CBS, Kansas City Chiefs, San Francisco 49ers, NFC, Fox, AFC, Sports Business, NBA, MLB, Pew Research Center, Super Bowl, CBS Sports Locations: New York, Las Vegas, U.S, Las, America

☆ iHeartRadio promised to only play 'Taylor's Version' of Taylor Swift songs. It lied.
▼ + stars: | 2024-02-07 | by ( Jack Newsham | Lily Oberstein | ) www.businessinsider.com time to read: +8 min

iHeartMedia promised fans it would only play "Taylor's Version" of songs once they were available. iHeartMedia, which owns 850 radio stations nationwide, promised Taylor Swift and her legions of fans that its stations would only play the newly recorded "Taylor's Version" of her old songs. "Listeners have made it known that they cannot wait to hear Taylor's Version of each track." The iHeart stations in BI's sample played just over 54,000 Taylor Swift songs from March 2021 through December 2023. Other radio stations were less likely to play Taylor's VersionsBI couldn't find any other radio-station operators that promised to play only Taylor's Versions.

Persons: Taylor Swift, iHeartMedia, —, Taylor, Tom Poleman, Swift, iHeart's, iHeart, they're, We've, Wendy Goldberg, Casey Rae, Rae Organizations: Service, Machine Records, iHeart, BI, SiriusXM, Business, ACRcloud Locations: Los Angeles, Chicago, New York

☆ Netflix has a stranglehold on its competition, but the streaming wars aren't over. Here's how Disney and Amazon could dethrone the dominant streamer.
▼ + stars: | 2024-02-05 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

"Netflix won the streaming wars in 2009 when they started streaming," said Tim Nollen, a media analyst at Macquarie. "I think it's a little bit ridiculous, to be honest," Bazinet said when asked if Netflix has won the streaming wars. AdvertisementHow Hollywood can beat Netflix at its own gameHollywood stalwarts can compete in streaming, Bazinet argued — provided the media industry first consolidates even further. The two biggest threats right now are Disney — which has about 220 million subscribers across Disney+, Hulu, and ESPN+ — and Amazon. Nollen said Amazon would flood the market with cheap ads and crush its competition like it did in e-commerce.

Persons: —, That's, Jason Bazinet, Tim Nollen, They've, Bazinet, overreacted, Jessica Reif Ehrlich, Reif Ehrlich, Nielsen Bazinet, Joe Bonner, Bonner, John Hodulik, Hodulik, I'm, Macquarie's, Nollen, it's Organizations: Service, Netflix, Business, Citigroup, Disney, Paramount, Macquarie, Hollywood, Bank of America, Nielsen, ESPN, Argus Research, Hulu, UBS, Amazon Locations: Hulu

☆ 5G-powered wearable tech could be the key to inclusive experiences for deaf and hard-of-hearing audiences at live performances
▼ + stars: | 2024-01-30 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +8 min

Wearable technology has been used in multiple industries, such as healthcare and fitness. Fewer lags and faster download speeds make the real-time experience required for wearable technology possible. The primary purpose of the wearables, she said, is to help those who are deaf or hard of hearing experience music inclusively. The Vibrotextile wearable technology is a haptic vest with wrist and ankle bands. "People want to be connected, and I think that's the most important aspect of technology," Rosella said.

Persons: —, Jill Stark, Stark, Jeffrey Stark, Jill Stark Stark, Francesca Rosella, Rosella, CuteCircuit, Stark —, SoundShirts, Cooper Hewitt, Don Emmert, Rachel Arfa, Daniel Belquer, Belquer Organizations: Service, Lyric Opera of Chicago, Fortune Business, Lyric Opera, Smithsonian Design, Getty, Chicago Lyric Opera, Chicago Mayor's, People, Labs, 5G Locations: London, New York City, AFP

☆ Premarket stocks: why over-optimistic investors may want to pump the brakes
▼ + stars: | 2024-01-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

There’s plenty for investors to celebrate right now, but a look under the hood reveals quite a bit of decay. But it’s largely Big Tech that’s driving markets higher, and that concentration of gains in so few stocks carries inherent risk. But investors are adjusting expectations: Investors eventually get used to strong data, and come to expect it. “It’s hard for data to keep surprising in the same direction, since investors simply adjust their expectations,” said Allen. Just one month ago, more than 75% of investors thought the central bank would cut rates at their March meeting.

Persons: Bell, Debbie Downer, Wall, Dow, Germany’s DAX, Henry Allen, ”, Allen, Christopher Waller, That’s, Bill Gates, Larry Fink, Chris Isidore, “ I’m, Scott Kirby, they’ve, ” Kirby, Boeing Max, Max, Kirby, “ We’re, Samantha Delouya, Amy Reinhard, Netflix’s, “, we’ve Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Investment, Deutsche Bank, Big Tech, Federal Reserve, University of, National Association of Business Economics, University of Michigan, Fed, ” Financial, BlackRock, Boeing United Airlines, Boeing, United, CNBC, Alaska Airlines, Federal Aviation Administration, United Airlines, Refinitiv, Max, FAA, Netflix Locations: New York, Europe

☆ Netflix is preparing investors and users for more price hikes in 2024
▼ + stars: | 2024-01-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Netflix announced earlier this month it has 23 million monthly active users on its advertising tier. That may be 12 to 15 million paying subscribers, estimated Evercore ISI analyst Mark Mahaney. The takeaway for Netflix executives may be that most of its audience is content with paying what Netflix is charging. With more content, Netflix may have leverage to convince its users that they should pay more money. Netflix didn't announce a price hike in its quarterly letter or say when one is coming.

Persons: we'll, Mark Mahaney, It's, Netflix didn't Organizations: Netflix, Raw, Disney, ESPN Locations: Krakow, Poland, U.S

Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE's flagship program Raw starting next year, in Netflix's first major foray into live sports. Netflix, which is trying to drive revenue by cutting down on subscription sharing and pushing viewers toward its ad-tier membership, has made few attempts at live programming in its history. With WWE permission, Netflix could even develop movies or series around WWE characters, one of the people said. For TKO, the parent company of WWE, striking a deal with Netflix brings WWE wrestling to about 250 million global subscribers. WWE President Nick Khan has had Netflix on his radar as a potential landing spot for Raw for several years.

Persons: Dwayne Johnson, Mark Shapiro, Rupert Murdoch, Nick Khan, Khan Organizations: Netflix, Raw, WWE, SmackDown, NXT, USA Network, ESPN, Turner, NFL, Fox Locations: U.S, Canada, America

☆ Stocks making the biggest moves premarket: Coinbase, TKO Group, United Airlines, D.R. Horton and more
▼ + stars: | 2024-01-23 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

The company sees earnings per share ranging between 60 and 65 cents, well below an LSEG estimate of 72 cents per share. Horton — Shares of the home construction company slipped more than 5% after first-quarter earnings per share missed Wall Street estimates. Horton earned $2.82 per share, while analysts polled by LSEG expected a profit of $2.88 per share. Analysts expected earnings of 80 cents per share, according to LSEG. Analysts expected a profit of $1.24 per share on revenue of $19.7 billion.

Persons: Truist, Enphase, Goldman Sachs, Glen Santangelo, D.R, Horton —, Horton, LSEG, Halliburton, FactSet's StreetAccount, groundings, Johnson — Johnson, Johnson, RTX, CNBC's Hakyung Kim, Samantha Subin, Jesse Pound, Lisa Kailai Han, Fred Imbert Organizations: JPMorgan, General Electric, Energy, Federal, 3M, Goldman, Teva Pharmaceutical Industries, pharma, Jefferies, Logitech —, Logitech, Wall Street, United Airlines –, United Airlines, LSEG, Boeing, Max, Barstool Sports, Netflix, Johnson, Verizon, Procter, Gamble, RTX Corporation, Wall

☆ Earnings report: Netflix releases their fourth quarter numbers as their stock jumps
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the strongest subscriber growth came internationally from Europe and Asia. The company posted revenue of $8.8 billion for the fourth quarter but came short of Wall Street’s expectations for earnings-per-share at $2.11, according to Factset estimates. The fourth quarter also saw a big expansion in Netflix’s video game offering.

Persons: Amy Reinhard, Netflix’s, “, we’ve, We’re Organizations: CNN, Netflix, Gaming, WWE, USA, Formula, Theft Locations: Europe, Asia

☆ Netflix shares pop 10% as streamer adds 13.1 million subscribers, tops revenue estimates
▼ + stars: | 2024-01-23 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Netflix now has 260.8 million paid subscribers, a new record for the service, it said when it reported quarterly results after the bell Tuesday. The subscriber growth easily tops the 8.76 million paid membership adds Netflix reported in the third quarter. The company also blew past Wall Street's fourth-quarter expectations of 8 million to 9 million. The company posted revenue of $8.83 billion for the quarter, up from $7.85 billion in the year-ago quarter. That's up from 15 million that the company reported in November.

Persons: Wall, We're, foresees, Amy Reinhard, it's, Greg Peters, Peters Organizations: ANGELES, Netflix, Wall, LSEG, U.S ., WWE Raw, Investors, Variety Entertainment, CES

☆ From Sin City to Sports Central: How Las Vegas is betting big on a lucrative industry
▼ + stars: | 2023-11-19 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

But for many decades, the NFL and other leagues opposed having sport franchises in Las Vegas, most likely due to the city’s deeply rooted gambling industry. “Vegas fans tend to be sports fans, too, and sports have helped us expand the customer base that are willing to consider Las Vegas,” Hill said. And during the past two years, Las Vegas and other tourist-centric cities have benefitted from consumers’ post-pandemic splurges on experiences and travel versus goods. The Las Vegas Strip can be seen outside the lanai doors at Allegiant Stadium during a game on October 15, 2023, in Las Vegas, Nevada. Ethan Miller/Getty Images/FILEAs the pandemic wore on, construction continued on expanding the Las Vegas Convention Center as well as the Raiders’ Allegiant Stadium, among other projects.

Persons: ”, Andrew Woods, ” Woods, Woods, Roger Goodell —, ” Goodell, John Fisher, Steve Hill, ” Hill, Ethan Miller Organizations: Minneapolis CNN, Athletics, NCAA, NFL Pro Bowls, NBA, MLS, Center for Business, Economic Research, University of Nevada, Sunday’s, Las Vegas, Prix, UNLV’s Lee Business School, NFL, National Hockey League, Oakland Raiders, Major League Baseball, Oakland Athletics, Las Vegas Convention, Visitors Authority, UNLV, “ Entertainment Capital, Sports, Entertainment Capital, Las, Nevada Gaming Control, Getty, Las Vegas Convention Center, Raiders Locations: Minneapolis, Las Vegas, Vegas, Bellagio, Clark County , Nevada, Covid, United States, Las Vegas , Nevada

“I think we could have done a much better job communicating, particularly with all the local residents," Wilm told AP. The upside to the community is that F1 and Liberty used part of their funds to fully repave the Strip and circuit used — better roads for everyone once F1 is gone! “We’re very happy to be able to use our event to help support community benefits.”Now, what about the ticket pricing? She wouldn't commit specifically to F1 and Liberty making changes to the pricing structure. “I don't think we could have done the Las Vegas Grand Prix, this type of spectacle, anywhere else in the world,” Wilm said.

Persons: Renee Wilm, Wilm, Liberty, “, wouldn't, ”, ” Wilm, Max Verstappen Organizations: Associated Press, Liberty Media, Liberty, Saturday, Las, United, Las Vegas Locations: Las Vegas, Nevada, United States, East Coast

☆ Iger Lays Out Vision for Disney’s Future
▼ + stars: | 2023-11-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Movies such as Pixar’s ‘Elemental’ were popular on the Disney+ streaming service. Photo: Walt Disney/Everett CollectionNearly a year after returning to Disney as chief executive, Bob Iger laid out his vision of the company’s future, putting streaming and live entertainment at the center, fed by a studio business that he plans to personally help reinvent. Iger told investors in a fourth-quarter earnings call that Disney will focus on four “building blocks” that provide the foundation for future growth: streaming, theme parks and cruises, studios and the ESPN sports network.

Persons: Walt Disney, Bob Iger, Iger Organizations: Disney, Everett, ESPN

☆ NBA and NHL broadcasts are coming soon to immersive ‘shared reality’ domes
▼ + stars: | 2023-10-31 | by ( Alex Sherman | ) www.cnbc.com time to read: +5 min

In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTCosm's shared reality dome concept for viewing live sports broadcasts. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans. The Cosm venues will feature domes with 360 degree, 87 foot diameter 8K LED screens that are similar in concept to James Dolan's Las Vegas Sphere, which debuted in September. Ours is more of a smaller format and really focused on live sports and live programing — like you're absolutely there." Terry's first priority is to use the TNT Sports deal as a template to get more live sports rights into the venues for fans.

Persons: Cosm, James Dolan's, they've, Jeb Terry, Tayfun, Steve Winn, RealPage, Thoma, Terry, He's, Evans & Sutherland, There's, Raphael Poplock, Poplock, it's Organizations: Warner Bros ., Dallas —, TNT, NBA, CNBC, Anadolu Agency, Getty, National Basketball Association, National Hockey, Women's National Soccer Team, Mirasol, Thoma Bravo, National Football League, Tampa Bay Buccaneers, Fox Sports, Evans &, Warner Bros, NHL, HBO, Max, TNT Sports, Turner, Entertainment Locations: Los Angeles, Dallas, Las Vegas

☆ The World Series Without Baseball’s Best Teams or Best Players
▼ + stars: | 2023-10-26 | by ( Jared Diamond | Lindsey Adler | ) www.wsj.com time to read: 1 min

Major League Baseball fundamentally reshaped its rules this season in a drastic effort to improve the product on the field and attract younger generations of fans who had abandoned the sport. The changes largely worked: The once-controversial pitch timer resulted in shorter and more action-packed games. Limiting pitcher pickoff throws led to a record 41% increase in stolen bases. Attendances climbed to their largest total since 2017, reversing years of decline that started even before the pandemic disrupted the live entertainment market. Nearly two-thirds of teams saw their local television ratings rise.

Persons: pickoff Organizations: Major League Baseball

☆ Music streaming was 2022's top moneymaker for songwriters, composers
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

A man watches the sunset while wearing a headphone and listening to music, in Colombo, Sri Lanka February 23, 2023. REUTERS/Dinuka Liyanawatte/File Photo Acquire Licensing RightsOct 26 (Reuters) - Streaming became the largest source of income for composers and songwriters in 2022 and helped boost their collections by more than a quarter to 10.83 billion euros ($11.44 billion), a report showed on Thursday. After a boom during the pandemic, streaming collections have doubled from their pre-COVID levels and account for 35% of total collections for music creators, surpassing TV and radio. "It may not affect the graph lines of creators' collections in 2023, but it will in years ahead. CISAC is a network of authors' societies, protecting rights and representing interests of over four million creators of music, audio-visual, drama, literature and visual arts.

Persons: Dinuka, Bjorn Ulvaeus, Ulvaeus, CISAC, Juby Babu, Devika Organizations: REUTERS, International Confederation of, Authors, Composers, Thomson Locations: Colombo, Sri Lanka, Bengaluru

☆ 9 investors betting millions on the rebound in live events and entertainment
▼ + stars: | 2023-10-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +9 min

"Live events are having a moment as consumers want to get out and about," said John Harrison, Americas Media & Entertainment lead at EY. But over the past few years, established and upstart investors have seized the opportunity to capitalize on live events spending, which is outpacing media and entertainment spending overall. PWC projects live events revenue hitting $68.7 billion in 2024, up from $66.6 billion in 2019.Insider identified nine firms, listed alphabetically, that are making significant investments in live entertainment-related companies. It most recently led a $65 million round in Dice, an events discovery and ticketing platform for live events like comedy and drag cabaret. Courtesy of Shamrock CapitalThe Los Angeles-based investment firm has a long history of backing media, entertainment, and communications businesses.

Persons: Taylor Swift, hasn't, Tait, Scott Marimow, John Harrison, there's, Harrison, Coldplay, PEHub, Bluestone Equity Partners Bobby Sharma, Michael Weschler, Bobby Sharma, Bluestone, Juggernaut, Eric Kuhn, Tre, Scott, Matt Pincus, Pincus, Marimow, Shamrock Capital Andrew Howard, Marc Geiger, Alan Waxman's Organizations: Providence Equity Partners, Yankee, Wembley, Bluestone Equity Partners, Providence, Americas Media, Entertainment, Fourier, NBA, PMY, SoFi, New York's Citi, RWS, Apple, Holland America, Capital Partners, Street Journal, Folk Media Group, CBS, Microsoft, Folk Productions, Quest Entertainment, MUSIC, Liontree, JS Capital Management, Investments, Providence Equity Partners Providence Equity Partners, Theatre Group, Shamrock Capital, Sixth, Spain's, San Antonio Spurs, New York Yankees, Dallas Cowboys, Sixth Street Locations: Americas, Paris, Europe, Asia, Vegas, Fiume, Wilmington , Mass, Devon , Pennsylvania, Miami , Florida, North America, Providence, US, Germany, Los Angeles, SaveLive, Spain's Real Madrid, Real Madrid's

☆ Hollywood insiders are bracing for M&A activity to make a comeback, as 10 experts reveal the deals they're predicting
▼ + stars: | 2023-10-17 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

"The unknown is hard to transact in," Sam Powers, the global head of technology, media, and telecommunications for Bank of America, told Insider. Microsoft's $69 billion acquisition of Activision , which was completed Thursday, has also put media and tech M&A back in the spotlight. "People have been holding their breath in nervous anticipation" about the idea of tech buying big media , one investor told Insider. Private-equity bets on media and Hollywood have seen mixed resultsPrivate-equity firms may have the cash to finance major media acquisitions, but they're reckoning with market volatility. Are you a Hollywood insider?

Persons: Hollywood dealmakers, Jonathan Handel, Sam Powers, Bob Iger, —, Byron Allen, Greg Doherty, Iger, Disney's, Byron Allen —, Allen, Disney, it's, Handel, It's, you've, Reese Witherspoon, Dave Kotinsky, Moonbug, Reese Witherspoon's, Jeff Zucker, Abu, Tom Staggs, Kevin Mayer, Lucia Moses, Reed Alexander Organizations: Hollywood, Puck News, Bank of America, SAG, Writers Guild of America, Disney, ESPN, Activision, Byron Allen The Weather, Wall Street shareholders, Bureau of Labor Statistics, Hulu, ABC, Nexstar Media Group, Allen Media Group, Weather, Lionsgate, Starz, Paramount, BET, Warner Bros, Games, Disney Digital Network, Maker Studios, Observers, Comcast, Paramount Global, Tech, MGM, Microsoft, Netflix, Apple, RedBird Capital Partners, RedBird IMI, Private, SP, G Global Market Intelligence, Bloomberg, Media, Apollo Global Management, Yahoo Locations: Hollywood, Blackstone, Abu Dhabi, lmoses@insider.com, ralexander@insider.com

☆ Splurging on Taylor Swift tickets and a 'funflation' economy is hitting Best Buy's sales, says its CEO
▼ + stars: | 2023-10-16 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

"Funflation" refers to higher consumer demand for fun experiences, which inflates the prices of these experiences. Big ticket items in electronics are drawing less consumer interest than Taylor Swift tickets and other fun experiences, Barry said at a Fortune event. AdvertisementAdvertisementCorie Barry, the CEO of electronics retailer Best Buy, thinks that splurging on Taylor Swift tickets and "funflation" is hurting her company's bottom line. Bloomberg analysts estimated in August that Taylor Swift and Beyoncé's concert tours would add around $5.4 billion to the US economy's GDP. Best Buy and Barry did not immediately respond to requests for comment from Insider, sent outside regular business hours.

Persons: Corie Barry, Taylor Swift, Barry, —, splurging, Brett, Insider's Sirena Bergman Organizations: Service, Bloomberg, Columbia Business School, Bank of America

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