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Proposed Merger Of Korean Cinema Chains Lotte & Megabox Collapses
South Korea’s second and third largest cinema chains, Lotte Cinema and Megabox, have called off their proposed merger. Lotte Shopping revealed in a corporate filing on Wednesday that the memorandum of understanding signed with Megabox parent company Contentree JoongAng to merge the two chains was terminated on June 30. First signed in May last year,…
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Why is Nigel Farage being paid so much to promote a gold bullion company?
Reform UK leader was paid £270,000 for 12 hours’ work – but who is behind Direct Bullion and what does it do?Tell us: have you invested in gold through a specialist bullion company?Despite the demands of being the MP for Clacton and leader of Reform UK, Nigel Farage has found time to develop several alternative…
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Chief Oscars Officer Teni Melidonian Steps Down From AMPAS
More than two years into the role, Teni Melidonian has stepped down as Chief Oscars Officer at the Academy of Motion Picture Arts and Sciences. On Monday, CEO Bill Kramer announced Melidonian’s exit in a staff email as part of a restructuring, days after the Academy invited 529 film industry notables to be Oscar voters.…
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Italian Tech Turnaround Firm Bending Spoons Debuts on Nasdaq at $18B Valuation, Surging 40%
Bending Spoons, a Milan-based investment company, launched its initial public offering on Nasdaq and saw shares climb 40% on its first day of trading, closing at $40.50. The $18B IPO represents a major milestone for a fi
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Krafton Settles Subnautica 2 Dispute, Agrees to Pay Developer Bonuses After Extended Legal Battle
Krafton and Unknown Worlds Entertainment have reached a settlement ending a protracted legal dispute that began when the Korean publisher terminated the studio’s CEO Ted Gill and cofounders Charlie Cleveland and Max McGu