Sony Pictures Entertainment plans to restore and reopen the historic Cinerama Dome and the adjacent former ArcLight Hollywood complex by early 2028. This move is part of Sony's strategy to grow its brand through targeted projects rather than large-scale mergers and acquisitions, which CEO Ravi Ahuja described as disruptive. The restoration includes managing the ArcLight with unique features like a Jeopardy-themed bar and karaoke rooms based on Sony intellectual property. Sony is also investing $100 million in immersive entertainment and focusing on original content development amid a recovering film and TV market.
Chime Financial announced it will acquire its long-time banking partner Stride for $590 million in cash, a deal expected to immediately increase Chime's earnings per share. The acquisition, valued at about 1.5 times Stride's tangible book value, will...
Sony Group Corporation benefits from a strong intellectual property portfolio that helps it withstand AI disruptions and create licensing opportunities. Its integrated entertainment ecosystem, covering music, movies, gaming, and technology, is delive...
