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Lions Gate Entertainment Corp. jumped after saying it's likely to announce a deal to spin off or sell a piece of its Starz cable network in September, with potential partners also showing interest in the company's film and TV studios. Shares surged 11% to $10.71 at 10:10 a.m. in New York, valuing the media company at about $2.3 billion. Lions Gate has been working with advisers this year to sell a stake in Starz, known for shows like "Power" and "Outlander." Executives have argued that Wall Street is undervaluing the company in its current structure. Lions Gate is one of the last remaining independent studios after tech giants and larger companies snapped up its competitors. "The structure that we're considering has become broader," Lions Gate Vice Chairman Michael Burns said on an earnings call Thursday. "As always, our priority is to create significant shareholder value." The $8.5 billion sale of Metro-Goldwyn-Mayer to Amazon.com last year helped spur interest and give … [Read more...] about Lions Gate surges as Starz deal talks widen to include studio

Listen to this article The Mercedes-AMG One might be gearing up for an attempt to set a lap record around the Nürburgring Nordschleife. This video shows the hypercar preparing to roll onto the track and doing some high-speed laps. In the clip, the One initially drives up to a gate that opens onto the Nordschleife. There's a little bit of time, which lets the driver select the appropriate settings for the track. This causes the vents on top of the front fenders to open and the rear wing to extend. Gallery: 2023 Mercedes-AMG One 64 Photos Warning messages on the rear deck are an intriguing detail. The one on the right is a message in German not to open this section. On the left, there's more detail: "Remove carefully. Thermocouples on tech panel. See Dale or Ibrahim." The One then hits the track, and it sounds amazing. The car looks to be turning quick … [Read more...] about Mercedes-AMG One Spied Preparing For Nurburgring Lap Record Attempt

This is a carousel. Use Next and Previous buttons to navigate 15 LOS ANGELES (AP) — Hall of Fame broadcaster Vin Scully, whose dulcet tones provided the soundtrack of summer while entertaining and informing Dodgers fans in Brooklyn and Los Angeles for 67 years, died Tuesday night. He was 94. Scully died at his home in the Hidden Hills neighborhood of Los Angeles, the team announced after being informed by family members. No cause of death was provided. “He was the best there ever was,” pitcher Clayton Kershaw said after the Dodgers' game in San Francisco. “Just such a special man. I’m grateful and thankful I got to know him as well as I did.” As the longest tenured broadcaster with a single team in pro sports history, Scully saw it all and called it all. He began in the 1950s era of Pee Wee Reese and Jackie Robinson, on to the 1960s with Don Drysdale and Sandy Koufax, … [Read more...] about Vin Scully, famed sports broadcaster for 67 years, dies at 94

(Bloomberg) -- New York City Mayor Eric Adams blasted Greg Abbott for using migrants as “political pawns” after the Texas governor bused a group of 50 people to the city on Friday. Abbott, who has been sending state-sponsored busloads of migrants to Washington, D.C. for months, said he wanted to test New York’s commitment to being a “sanctuary city.” “His continued use of human beings as political pawns is disgusting, and an embarrassing stain on the state of Texas,” said Adams spokesperson Fabien Levy in a statement. Adams later called Abbott’s actions “despicable” at an unrelated press appearance. Abbott sent out a press release on Friday morning announcing that Texas had sent what he called the first bus of migrants to New York City’s Port Authority station. “I hope he follows through on his promise of welcoming all migrants with open arms so that our overrun and overwhelmed border towns can find relief,” Abbott said of Adams. Television footage from Fox News appeared to show a … [Read more...] about NYC mayor slams Texas governor for busing migrants in test of sanctuary cities

A unique two-story home in Palm Springs, CA , looks a bit like a riad you would find in the Moroccan desert. Listed for $3,498,000, this Wallace Neff –designed home dates to the 1930s. “It used to be part of the Singer sewing machine estate. This part of the house was actually the gardener's cottage,” explains listing agent Sandra Quinn , with Berkshire Hathaway HomeServices. “It was one of the first houses in the desert to have a second story on it. Nobody ever had two floors.” To preserve the views, two-story homes can no longer be built in the Tennis Club neighborhood, Quinn says. But this property is grandfathered in and it's located just a couple of blocks from downtown. The larger 10-bedroom Singer estate and the former gardener’s cottage were split into separate parcels in 1957. “That's when the owners made it more of Moorish Moroccan design. But there are several things in the house that you can see in the old original pictures from the '30s, so it's … [Read more...] about $3.5M Palm Springs home with Moroccan flair hits the market