According to a report by the Bloomberg news, Amazon plans to invest more than a billion dollars annually to produce movies for theaters. If true, it will be the biggest commitment to cinemas by an internet company to date.
The report further added that the online retail behemoth plans to release 12 to 15 movies in a year. Shares of AMC and Cinemark have been said to be hitting session highs. Cinemark gets the biggest pop up nearly 6.5%.
The US government has formally stepped into a legal battle between Elon Musk’s social media platform X and the European Union, supporting the company’s attempt to overturn a...
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China’s EV industry is pushing charging technology into territory that remains largely out of reach for passenger cars in the US. Geely’s latest battery technology is the newest...
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Mark Zuckerberg’s fortune took a sharp hit on Friday as Meta Platforms shares fell, wiping nearly $9 billion from the billionaire’s estimated net worth and knocking him down...
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