Entertainment News Roundup: R&B Singer R. Kelly’s Obstruction Trial Begins in Chicago; Third Point Reveals Nearly $1 Billion Disney Stake, Demands Changes, and More
Below is a summary of the entertainment news briefs.
R&B Singer R. Kelly’s Obstruction Trial Begins in Chicago
R&B singer R. Kelly’s latest federal trial began on Monday with a jury selected to hear charges that he enticed underage women to have sex with him and obstructed a state case of 2008 which ended with his acquittal. In a U.S. district court in his hometown of Chicago, the 55-year-old multi-platinum musical artist faces multiple counts of sexual exploitation of a child, incitement of a woman and possession of material containing child pornography.
Third Point Reveals Nearly $1 Billion Disney Stake, Demands Changes
Hedge fund Third Point unveiled a roughly $1 billion stake in Walt Disney Co on Monday and said it plans to push the media company to make a range of changes, from spun off the cable sports channel ESPN to buy back shares and add new members to the board. Billionaire investor Daniel Loeb, who runs Third Point, made a U-turn on Disney when he created a new stake in the second quarter, shortly after leaving his post months earlier, when fears of a Rising prices and a faster rise in interest rates triggered a spiked market. clearance sale.
Cineworld plunges as lack of blockbusters adds to debt problems
Cineworld warned on Wednesday that a lack of big-budget movies was hitting admissions and would likely persist through November, potentially complicating debt reduction efforts it said could significantly dilute shareholder interests. Shares of the world’s second largest cinema chain fell around 40% in early trading as it faces payment obligations to former shareholders of its US division Regal and a potential multi-million fine dollars in a dispute with the Canadian Cineplex.
Standing puppet comedian Randy Feltface aims for world domination
A purple comedian from Australia hopes to take over the world one joke at a time. “…I really like to do art, I like to do shows, I like to travel, and I’d like to do that as long as it’s fun,” said puppet Randy Feltface.
Marvel’s She-Hulk Hopes Disney+ Fans Love Her When She’s Angry
“She-Hulk: Attorney at Law” is the latest Marvel Comics superhero to get the TV series treatment. Tatiana Maslany stars as Jen Walters, who struggles to embrace her Hulk superpowers and instead wants to continue her life as a high-profile lawyer.
Analysis-Activist’s call for an ESPN spinoff could be a tough sell to Disney
The first time billionaire investor Daniel Loeb started pushing for change at the Walt Disney Co, he got his wish. Its Third Point LLC hedge fund in 2020 called on the company to suspend its dividend and get into streaming. A few days later, the company announced that it was betting big on growing its trio of streaming services, Disney+, sports-focused ESPN+, and adult-focused Hulu. Just two years later, Disney overtook streaming pioneer Netflix Inc in terms of total subscriptions.
Tokyo diners enjoy Demogorgon pasta and Eleven’s waffles at ‘Stranger Things’ cafe
Japanese fans of the sci-fi hit “Stranger Things” can feast on demonic pasta and dance to retro 1980s tunes at a pop-up cafe inspired by the Netflix Inc horror drama. The store, a partnership with the Local restaurants Pronto Corp, recently extended its run in Tokyo’s trendy Shibuya district for several months amid overwhelming demand. “Stranger Things” has remained one of the streamer’s top 10 shows in Japan since releasing its fourth season in May.
(With agency contributions.)