Revenue
- Economy
Upper Crust owner SSP expects increase in revenue after recovery in air travel
Recovery in air travel has led SSP to expect revenues to rise. SSP operates brands ranging from its own Upper Crust, to franchises of M&S and Burger King, in airports and train stations in more than 30 countries. In a statement to shareholders, the company said it expected revenue to hit around £3billion for the year to 30 September with underlying…
Read More » - Arts
RIAA Mid-Year 2023: Revenue Grows Nearly 10%; Vinyl, Streaming Slow
The U.S. music industry continued its robust growth in the first half of 2023, according to the RIAA’s latest mid-year report. Total revenues grew 9.3% at estimated retail value, reaching an all-time first-half high of $8.4 billion; at wholesale value, revenues grew 8.3% to $5.3 billion. Paid streaming subscriptions continued to be the strongest driver of revenue growth, according to…
Read More » - Sports
Real Madrid show off their extraordinary new retractable pitch that can be stored beneath the Santiago Bernabeu with the click of a button, with the Spanish giants set to earn BILLIONS in additional revenue after the stunning transformation
Real Madrid show off their extraordinary new retractable pitch that can be stored beneath the Santiago Bernabeu with the click of a button, with the Spanish giants set to earn BILLIONS in additional revenue after the stunning transformation Real Madrid recently completed renovation work on their iconic stadium They have released footage showing how their new retractable pitch works Listen…
Read More » - Arts
‘Lord of the Rings’ Licensing Revenue Drives Q1 Growth at Embracer
“Lord of the Rings” owner Embracer told shareholders and investors that the fantasy franchise, which they snapped up last summer for $395 million, has been a significant growth driver in Q1. Embracer’s Entertainment & Services section has grown organically by 70% according to the group’s latest results, largely thanks to Middle-Earth Enterprises, the holding company for the J.R.R. Tolkien rights.…
Read More » - Arts
After Q2 Revenue Miss, CEO Of Beleaguered Redbox Parent Says Company Is Ramping Up Cost-Cutting Moves And Weighing Strategic Options; Shares Drop After Hours
Chicken Soup for the Soul Entertainment, whose $375 million acquisition of Redbox closed about a year ago, delivered second-quarter financial results reflecting the company’s struggle to fully digest the deal. Citing a host of industry headwinds that have intensified since the transaction was completed, the company reported total revenue of $79.9 million in the quarter ending June 30. While that…
Read More » - Arts
Endeavor CEO Ari Emanuel Says Strikes Raise “Real Issues” That Will Take “Months, Not Days” For Parties To Resolve; Company Expects $25M In Monthly Revenue Impact
Endeavor Group Holdings CEO Ari Emanuel pledged loyalty to company clients involved in Hollywood’s dual strikes and the company said it expects a $25 million monthly hit to revenue from the labor impasse. “I’ve been through many strikes in my more than 35 years of representing actors, writers and creatives of all types, whose livelihoods depend on the entertainment economy,”…
Read More » - World
Panama Canal water shortage to plunge world trade into chaos as revenue drops £150m
A water shortage has hit the vital Panama Canal shipping route meaning fewer ships will be allowed through each day sparking predicted losses of over £150million. Fresh water supplies the lakes that in turn fill the locks in the canal that has been transporting ships through Central America since 1914. But a prolonged dry season has seen water levels in…
Read More » - Arts
Amazon Q2 Earnings: Revenue Rises 11% as Tech Giant Swings to $6.7 Billion Profit
Amazon sales hit $134.4 billion, up 11%, for the second quarter of 2023, as the ecommerce giant topped Wall Street estimates in a big earnings beat. The company reported income of $6.7 billion in the second quarter, or 65 cents per share, compared with a net loss of $2.0 billion in the year-ago quarter. Analysts on average had projected Q2…
Read More » - Arts
Warner Bros. Discovery Narrows Q2 Loss But Advertising Revenue Falls
Warner Bros. Discovery trimmed its losses in its second quarter but saw revenue fall in key areas such as advertising and content production as the company, built from a merger of WarnerMedia and Discovery Communications, continues to navigate shifting terrain in the media sector. The owner of the Warner Bros. studio, CNN and the Discovery Channel posted a net loss…
Read More » - USA
California and New York lose $640M of tax revenue to migration, as conservative Florida and Texas see coffers boosted by $23.1BN
California and New York have lost a combined $640m in tax revenue due to people moving out-of-state, as conservative Florida and Texas see boosts of $23 billion after an influx of movers. The two states currently top the table with the largest net negative tax income migration, with The Golden State taking the top spot. In total, California has seen…
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