Tag: Universal Pictures

Disney, Warner Bros. Discovery, and Universal Pictures have sued Chinese AI firm MiniMax for allegedly using their copyrighted characters in its Hailuo AI product without permission. The studios claim the tool generates and promotes characters like Darth Vader, Superman, and…

Overwolf doubled its ad revenue to $100 million in 2024 and paid $240 million to in-game creators, reinforcing its position in the in-game advertising space. With over 100 million MAUs and active partnerships with major brands like Verizon and Universal…

Moonbug Entertainment is partnering with Sanrio for a major “CoComelon” and “Hello Kitty” crossover launching in 2026, signaling an aggressive expansion of its global franchise strategy. At the APOS conference, Candle Media’s Kevin Mayer also revealed Moonbug’s music streams surpassed…

Universal Pictures earned approximately 100 million dollars in PVOD revenue from Wicked after a 40-day theatrical run that also delivered 424.5 million dollars domestically. Speaking at CinemaCon, NBCU's Peter Levinsohn said the studio’s release model has boosted profitability and expanded…

U.S. Bankruptcy Court judge has given preliminary approval for $8 million in debtor-in-possession funding for Chicken Soup for the Soul Entertainment (CSSE), owner of Redbox Entertainment. The loan aims to pay the company's 1,000 employees and avoid immediate harm to…