Christopher Palmeri
Senior Editor at Bloomberg News
Entertainment and Telecom reporting at Bloomberg News
Articles
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2 days ago |
bloomberg.com | Christopher Palmeri |Thomas Buckley
The Hollywood sign in Los Angeles. (Bloomberg) -- President Donald Trump’s Hollywood ambassadors joined studios, labor unions and producers in asking the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill. A letter dated Monday asked the president to include three film and TV incentives in the budget bill being drafted by Congress.
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2 days ago |
news.bloomberglaw.com | Christopher Palmeri |Thomas Buckley
Hollywood studios, labor unions and producers asked President Donald Trump to expand and extend tax incentives as part of the upcoming budget reconciliation bill. A letter dated Monday asked the president to include three film and TV incentives in a budget bill being drafted by Congress. The coalition includes the Motion Picture Association, which represents Hollywood studios, as well as unions of writers, actors and other trades.
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6 days ago |
bloomberg.com | Christopher Palmeri
First-quarter sales rose 20% to $1.41 billion, the company said in a statement, coming in below the $1.48 billion average of analysts projections compiled by Bloomberg. (Bloomberg) -- DraftKings Inc. shares rose as much as 6% in extended trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well for gamblers. The shares traded as high as $37.46 in extended trading Thursday after the results were announced.
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1 week ago |
bloomberg.com | Christopher Palmeri
Peter Jackson(Bloomberg) -- Flutter Entertainment Plc, parent of the FanDuel online betting business, reported sales and earnings that fell short of Wall Street projections after coming up on the losing side of a number of college basketball bets. Sales grew 7.9% to $3.67 billion, trailing analysts projections for $3.9 billion. Adjusted earnings of $1.59 per share came in below forecasts for $1.95.
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1 week ago |
bloomberg.com | Christopher Palmeri
The Wynn Las Vegas resort and casino at night in Las Vegas, Nevada, US, on Monday, May 8, 2023. Wynn Resorts Ltd. is scheduled to release earnings figures on May 10. Photographer: Bridget Bennett/Bloomberg(Bloomberg) -- Wynn Resorts Ltd. is delaying $375 million in capital improvement projects, including a remodeling of its Encore hotel tower in Las Vegas, due to the impact of tariffs.
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What do Hollywood studios, labor unions, Jon Voight and Sylvester Stallone have in common? They all want federal tax credits for US filmmakers. Tariffs on foreign-made movies are not on the ask list today. https://t.co/JRphqXLr48
Actor Jon Voight presented his plan to boost US jobs in the entertainment industry to President Donald Trump over the weekend, laying out a proposal that included federal incentives for US theater owners to upgrade their facilities https://t.co/6jlHB6vGTT via @luxury
Actor Jon Voight and his manager, Steven Paul, plan to present President Donald Trump with ideas to help boost US film and TV production as early as next week. https://t.co/FcNrpxMRJe via @luxury