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Adam Sandler to make four new movies for Netflix

(Reuters) – Actor and comedian Adam Sandler has reached a deal with Netflix Inc to make four new movies for the global streaming service, the company said on Friday. Sandler, a former “Saturday Night Live” cast member who built a career on movies such as “Grow... More »

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Amazon to open new office in Manhattan in 2021

(Reuters) – Amazon.com Inc said on Friday it would open a new office in New York’s Manhattan to house its consumer and advertising teams. The office will open in 2021 and accommodate more than 1,500 employees, the company said. In February, Amazon scrapped its... More »

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Expanded ProSieben-Discovery streaming venture gets German…

FRANKFURT (Reuters) – Germany’s anti-trust regulator said on Monday it had given its blessing for German broadcaster ProSiebenSat.1 Media SE and U.S. Discovery Inc to expand their joint video streaming platform. The expanded 7TV venture will include content fr... More »

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RTL says open to cooperation on TV streaming

MUNICH (Reuters) – European broadcaster RTL said it was open to cooperation in TV streaming after competitor ProSiebenSat.1 and Discovery Inc announced plans to build a joint German platform. “We are fundamentally open to cooperation and alliances if they fit ... More »

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ISS recommends against Goldman pay plan, worried on costs

BOSTON (Reuters) – Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation. In a report ... More »

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Snapchat to reveal financials within a week: sources

A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. REUTERS/Lucas Jackson/File Photo Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week... More »

Fitbit forecasts dismal holiday quarter, shares sink

The ticker symbol for Fitbit is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) February 23, 2016. REUTERS/Brendan McDermid Wearable fitness device maker Fitbit Inc’s (FIT.N) revenue forecast for the key-holiday shop... More »

Colony Capital seeks cross-border opportunities in China

BEIJING Colony Capital Inc, the private equity firm founded by U.S. real estate tycoon Thomas Barrack, is scouting cross-border opportunities with Chinese institutional investors, even as growth in the country’s wider economy continues to slow. “It’s the right... More »

Yieldcos enabled SunEdison’s debt-fueled acquisition spree

At an early 2015 investor conference, SunEdison’s then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer’s relationship with a venture it had recently spun off. SunEdison had established TerraForm Power Inc as a “yi... More »