Last month, Netflix Inc. NFLX, +1.80% stock jumped after it reported big subscriber gains and hiked prices. Last week, results from Paramount Global PARA, +15.44% beat expectations, sending shares of the streaming and entertainment giant on its best percentage gain in nearly a year, and Roku Inc. ROKU, +8.58% also offered an upbeat outlook.
Cable TV providers and movie theaters, too, are trying to figure out a way forward as streaming becomes more prevalent. Even as Hollywood’s writers come back to work following a strike that shut down production, its actors are still striking, with issues surrounding AI usage to portray actors, streaming payments and other issues in the balance.
Sales at the theater chains have been lifted in recent months by “Barbie” and “Oppenheimer.” While both were original films, analysts have said the avalanche of sequels and remakes in theaters is unlikely to stop. This week in earnings Among S&P 500 companies, 55 including one from the Dow, will report quarterly results during the week ahead.
The call to put on your calendar Cybersecurity drama: Cyberattacks are getting more severe, and customers are starting to feel their effects more acutely. Against that backdrop, casino and resort operator MGM Resorts International MGM, +5.27% will report quarterly results on Wednesday, in the wake of a cyberattack that took down some of its systems. MGM has said that attack, which the company disclosed in September, would cost them roughly $100 million.
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