finance
AMC Theatres CEO Unloads Another $7M in Shares, Says He’s Done Selling for Now: “I Am In!”
AMC Entertainment CEO Adam Aron sold another tranche of stock in the movie theater giant, but says he is done selling for now. A filing with the Securities and Exchange Commission on Wednesday revealed that Aron sold another $7.1 million in AMC stock this week. Since last fall Aron has sold more than $40 million […]
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Entertainment “Memestocks” Will Be Tested in 2022
A weird thing happened to AMC Entertainment in January. The movie theater giant was reeling from the pandemic, facing a potential bankruptcy, and its stock was trading at $2 per share. And then it became a meme. Online traders gathering on platforms like Reddit and TikTok embraced the company’s stock and propelled its share price […]
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CAA Owner TPG Files to Go Public
The private equity firm TPG — the majority owner of talent agency CAA — has filed to go public via an initial public offering (IPO). The company plans to list on the Nasdaq under the ticker “TPG.” The firm, which has $109 billion under management, has been active in the media, entertainment and technology space […]
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UTA Prices $200M IPO for SPAC Targeting Gaming, Creator Economy
A special purpose acquisition company (SPAC) backed by United Talent Agency has priced its initial public offering at $200 million, and plans to use that capital to pursue a company in the gaming, creator economy and digital media sectors. The SPAC expects to begin trading on the NASDAQ under the ticker “UTAAU” Thursday. The SPAC, […]
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Prince Harry and Meghan Markle Getting Into the Investment Business
Prince Harry and Meghan Markle continue to add to their lines of business. The latest move is a push into finance, with the pair joining the sustainability-focused investment firm Ethic as “impact partners.” “They’re deeply committed to helping address the defining issues of our time — such as climate, gender equity, health, racial justice, human […]
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BuzzFeed Going Public, Valued At $1.5B In SPAC Merger
Digital media giant BuzzFeed is merging with a special purpose acquisition company (SPAC) and going public in a bid to roll up and consolidate some of the digital media industry. The deal will value the company at $1.5 billion. The company says that it has agreed to merge with 890 5th Avenue Partners, a SPAC […]
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