E*TRADE Generation Trader - Studios That Won Big at Oscars
In this episode of Generation Trader, Cheddar Anchors Brad Smith and Hope King look at which movie studios came out on top at the 90th annual Academy Awards.
Fox Searchlight's "Shape of Water" earned Oscars for production design, original score, best director, and best picture. The hit movie has generated more than $57 million at the box office in the U.S., becoming the highest-grossing best picture winner in five years. Shares of 21st Century Fox, the studio's owner, are relatively flat over the past month but up about one percent Monday.
Fox Searchlight is one of the assets Disney is looking to acquire from 21st Century Fox in a $66 billion deal still pending regulatory approval.
Warner Brothers won five Oscars in total for its hits "Dunkirk" and "Blade Runner 2049." Shares of its parent company, Time Warner, are down about 3 percent over the past month.
Netflix won its first feature film Oscar for its documentary "Icarus." This comes amid news that the streaming service plans to create 700 original shows and movies this year, with a budget of $8 billion for original content. Netflix is having a strong month in the market.
The Republican-controlled Federal Trade Commission is abandoning a Biden-era effort to block Microsoft’s purchase of “Call of Duty” video game maker Activision Blizzard.
The Justice Department has reached a deal with Boeing that will allow the company to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
After a bumpy ride, the ride-hailing app is back in the good graces of investors. Plus: OpenAI, Google, Apple, Target, Moody's, Paramount, and Golden Dome.
Smoke that filled the cabin of a Delta flight as it took off from the Atlanta airport in February was so thick the led flight attendant had trouble seeing past the first row of passengers and the pilots donned oxygen masks as a precaution.
Arjan Stephens, President of Nature's Path, discusses the company's origin, how it has evolved today and the interesting product that came from his wedding!
