Culture and Entertainment

Embracer Group records sharp decline in show revenues and finalizes exit from Russian market

Embracer Group records sharp decline in show revenues and finalizes exit from Russian market

Embracer Group, the entity that owns the rights to The Lord of the Rings, has reported a significant decline in revenue in its Entertainment and Services segment in the first quarter of 2024. The Sweden-based company reported entertainment sales of SEK 848 million ($81 million), down 54 percent from the same period last year, in the months of April through June. Total net sales fell 24% to SEK 7.93 billion, with declines recorded across its various divisions, including PC/Console Games, Mobile Games, and Tabletop Games. The company reported a loss before interest and taxes of SEK 1.44 billion, a stark…
Read More
Adam Smith appointed Chief Product and Technology Officer for Disney Entertainment and ESPN

Adam Smith appointed Chief Product and Technology Officer for Disney Entertainment and ESPN

Disney has announced the appointment of Adam Smith as the new Chief Product & Technology Officer for Disney Entertainment and ESPN. The announcement was made by Disney Entertainment Co-Chairmen Alan Bergman and Dana Walden, along with ESPN Chairman Jimmy Pitaro. In his new role, Smith will lead a comprehensive global product and technology division, encompassing both Disney’s entertainment businesses and its sports media operations. He will lead the technology vision and execution, focusing on advancing the company’s streaming services, digital consumer interfaces, in-house advertising technology and cutting-edge technology innovations. Smith’s team will include a diverse group of professionals ranging from…
Read More
Raiders to honor Hall of Fame inductee Jim Otto at pregame ceremony before game vs. Cowboys

Raiders to honor Hall of Fame inductee Jim Otto at pregame ceremony before game vs. Cowboys

This Saturday, the Raiders will host a special tribute to Hall of Famer Jim Otto at Allegiant Stadium, shortly before their preseason game with the Dallas Cowboys. The ceremony will feature Jim Otto's family, with his widow, Surprisewill, leading approximately ten family members in lighting the Al Davis Memorial Torch. This act of remembrance takes place before the game's kickoff, honoring Otto's extraordinary legacy. In honor of Otto’s remarkable impact on the team, the Raiders will continue to feature his No. 00 on their helmet decals, a tribute that began last week during their season-opening game in Minnesota. The team…
Read More
Salt Lake City’s downtown transformation sparks debate

Salt Lake City’s downtown transformation sparks debate

Smith Entertainment Group’s ambitious plan to revitalize downtown Salt Lake City has sparked heated public debate. The proposed project, which would require significant investment in the Delta Center and surrounding area, requires substantial zoning changes to move forward. While some residents and business owners express excitement about the potential economic benefits and increased entertainment options, others have concerns about the project’s impact on the city’s character and infrastructure. Key points of contention include proposed height restrictions, signage regulations and the potential impact on historic landmarks like Abravanel Hall. As the City Council weighs the pros and cons of the project,…
Read More