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Entertainment
Curzon Cinema Chain Sold For £39 Million Pounds In Surprise Bargain Deal
The prestigious British arthouse cinema chain Curzon has been acquired by New York-based investment firm Fortress for a mere £3.9 million, raising eyebrows across the UK film industry. The transaction, executed through a foreclosure auction…
Drax Group Elevates Profit Outlook as Wind Energy Production Dips
British power generation giant Drax has lifted its annual profit forecast, capitalising on reduced wind farm output across the UK energy network. The North Yorkshire-based enterprise anticipates adjusted earnings to reach the upper…
Spanish Premier Announces €10bn Euro Aid Package Following Devastating Mediterranean Floods
Spain's government has unveiled a substantial €10bn aid package to address the catastrophic flooding that has claimed 217 lives in the country's southeastern regions, with Prime Minister Pedro Sánchez emphasising that "climate change…
Cineworld Threatens to Remove Seats if Landlords Reject Rent Cuts
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In a bold move to restructure its UK business, Cineworld, the cinema chain operating across 128 sites in the UK and Ireland, has taken a firm stance against its landlords. The company is awaiting a…
Edgar Bronfman Jr Raises Paramount Bid to 6 Billion Dollars Amidst Intensifying Takeover Battle
The battle for control over Paramount Global has escalated with media mogul Edgar Bronfman Jr. increasing his offer to an impressive $6 billion. This development directly challenges the planned acquisition by David Ellison, son of…
Edgar Bronfman Jr Secures 55bn to Enhance Lastminute Paramount Global Bid
In a significant turn of events, billionaire media investor Edgar Bronfman Jr. has raised up to $5.5 billion to enhance his last-minute offer for Paramount Global, potentially complicating the company's existing agreement with Skydance…
Paramount Global Slashes 15% of US Jobs Ahead of Skydance Merger
Paramount Global, the entertainment behemoth behind Paramount Pictures, CBS, Nickelodeon, and the UK's Channel 5, has announced a significant workforce reduction of approximately 2,000 employees in the United States.
The move comes as…