Franchise

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Paramount in $1.5B talks with Calif. to finalize merger

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Paramount in $1.5B talks with Calif. to finalize merger

Paramount is discussing a settlement with California's attorney general that includes a $1.5 billion investment in the state and a promise not to leave, The Wall Street Journal reports, citing unnamed sources. Multiple states have sued to stop Paramount's $81 billion merger with Warner Bros. Discovery, and advanced talks have included a promise not to sell either studio lot, as well as the installation of a board to maintain CNN's independence. If Paramount fails to honor a pledge to release 30 movies a year, it could be forced to sell its stake in Miramax.

3 min read A Admin

Paramount is discussing a potentially sweeping settlement with California Attorney General Rob Bonta that could remove one of the biggest remaining obstacles to its proposed merger with Warner Bros. Discovery. Among the concessions under consideration is a...

Yum Brands finalizes sale of Pizza Hut in $1.5B deal

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Yum Brands finalizes sale of Pizza Hut in $1.5B deal

Yum Brands has finalized the sale of Pizza Hut operations outside China to LongRange Capital for $1.5 billion, following an earlier divestment of Pizza Hut China to Yum China Holdings. The transactions, worth a combined $2.7 billion, leave Yum more focused on its core scale and digital strengths, with potential earn-out payments tied to Pizza Hut’s performance. Pizza Hut, now privately held and led temporarily by former P.F. Chang's president and CEO Eduardo Luz, faces skepticism as it pursues a turnaround in a crowded delivery market.

3 min read A Adam Hanafi

Yum Brands has officially completed the sale of Pizza Hut's operations outside mainland China to private-equity firm LongRange Capital for approximately $1.5 billion. The transaction marks the end of Yum's ownership of one of the world's most recognizable...

'Toy Story 5' sets franchise record with $160M debut

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'Toy Story 5' sets franchise record with $160M debut

"Toy Story 5" topped $160 million stateside in its opening weekend, the biggest domestic debut in the beloved 31-year-old franchise's history and the second-highest opening weekend for an animated feature ever. The Disney-Pixar sequel, which cost $250 million to produce, is estimated to collect a global weekend haul of $312 million, surpassing box office predictions and Universal’s “Super Mario Galaxy Movie” launch. It is the latest explosive opening for an animated feature, with family groups driving roughly 70% of ticket sales.

1 min read A Admin

“Toy Story 5” topped $160 million domestically in its opening weekend — the biggest domestic debut in the beloved 31-year-old franchise’s history and the second-highest opening weekend ever for an animated feature. The Disney-Pixar sequel, which cost...