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mattel recalls wicked dolls after misprinted packaging links to adult website
Mattel has recalled thousands of its “Wicked” dolls after a packaging error directed consumers to a pornographic website instead of the official movie site. Major retailers, including Target and Walmart, have removed the dolls from their shelves, while resellers are capitalizing on the situation, listing the misprinted dolls on eBay for prices ranging from $40 to $2,100. Mattel is taking steps to address the issue and has advised consumers to discard the misprinted packaging.
philadelphia phillies valued at three billion after significant capital raise
The Philadelphia Phillies have raised nearly $500 million from new investors, valuing the team at approximately $3 billion, including its stake in NBC Sports Philadelphia. Managing partner John Middleton and Stanley Middleman also increased their investments, totaling close to $600 million. The capital raise positions the Phillies for potential acquisitions, including free agent Juan Soto, while the team navigates the challenges of regional sports network economics amid declining pay-TV revenues.
marc benioff in talks to sell time magazine to antenna group
Marc Benioff is in early discussions to sell Time to Antenna Group for around $150 million, having acquired it in 2018 for $190 million. The talks occur amid challenges for legacy media companies facing competition from digital platforms. A Time spokesperson confirmed there is no agreement yet, and Antenna Group has not commented.
thanksgiving box office showdown features wicked gladiator ii and moana 2
Three major films—Universal's "Wicked," Paramount's "Gladiator II," and Disney's "Moana 2"—are set to compete at the box office over the Thanksgiving holiday, each vying for premium screen placements. Analysts predict that while all three will perform well, the distribution of premium large format screens will be crucial, as audiences increasingly prefer immersive viewing experiences. Expectations for opening weekend earnings vary, with "Wicked" potentially reaching up to $150 million, while "Gladiator II" and "Moana 2" are forecasted to earn between $60 million to $100 million.
Comcast considers separating cable networks amid declining TV subscriptions
Comcast is considering separating its cable networks business into a new company owned by shareholders, as announced by President Mike Cavanagh during the third-quarter earnings call. This potential split would exclude NBC and the streaming service Peacock, amid a loss of 365,000 cable TV customers as viewers shift to streaming options. Cavanagh noted that the company is evaluating the best path forward for its cable assets and will provide updates when available.
comcast surpasses earnings expectations driven by olympics and peacock growth
Comcast exceeded third-quarter earnings expectations, driven by the Summer Olympics in Paris, which significantly boosted NBCUniversal's revenue and Peacock's subscriber count. The company reported earnings per share of $1.12 and revenue of $32.07 billion, a 6.5% increase year-over-year. Despite a 10% decline in net income to $3.63 billion, the media segment's revenue surged nearly 37% to $8.23 billion, largely due to Olympic-related advertising revenue.
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