Stranger Things 3 turning Netflix ratings records Upside Down

first_imgAccording to Netflix, that 40.7 million viewership number is more than any other Netflix film or series earned in its first four days. Recently, the network announced that the Adam Sandler-Jennifer Aniston movie Murder Mystery was watched by over 30 million accounts worldwide in its first three days. What are the chances of that coveted season 4? Seems likely, considering how much of a ratings phenomenon and critical darling the 1980s-set sci-fi-horror show has become. See all the Stranger Things season 3 photos Fans were less impressed with the ratings, and more insistent the network confirm an expected fourth season is on its way.  Wrote one Twitter user, “Now confirm season 4 and DON’T MAKE US WAIT AN ENTIRE TWO YEARS FOR IT THIS TIME.” .@Stranger_Things 3 is breaking Netflix records! 40.7 million household accounts have been watching the show since its July 4 global launch — more than any other film or series in its first four days. And 18.2 million have already finished the entire season.— Netflix US (@netflix) July 8, 2019 TV and Movies Stranger Things season 3: Rad ’80s details you might have missed Watch the Stranger Things cast play their own video game Stranger Things season 3: Our biggest WTF questions Okay now confirm season 4 and DONT MAKE US WAIT AN ENTIRE TWO YEARS FOR IT THIS TIME— 🤡 (@elhopperisbaby) July 8, 2019 Tags The Stranger Things cast has earned an ice-cream cone or 40 million. Netflix If you’re eager to spill Stranger Things season 3 spoilers, take heart. More than 18 million people out there are ready to talk.According to a Monday tweet from Netflix, more than 40 million household accounts have been watching the show since its new season debuted on July 4, and 18.2 million have already watched the whole season. 4center_img Stranger Things season 3: Everything to know Netflix 59 Photos Comments More Stranger Things Share your voice 2:33 Now playing: Watch this: As of press time, there was no word on a fourth (or fifth) season, but David Harbour, who plays police chief Jim Hopper, told CNET Magazine in 2018 that the series would as least go to four seasons.”We’re either going to season 4 or season 5,” Harbour said at the time. “It’s still being debated. I do know the arc of the story, though. This was something that I discussed with [show creators] the Duffer brothers right from day one.”last_img read more

Chinas Anbang raises offer for Starwood to 14 billion

first_imgChina’s Anbang Insurance Group Co raised its offer for Starwood Hotels & Resorts Worldwide Inc to almost $14 billion, Starwood said on Monday, in the latest challenge to the U.S. hotel operator’s merger with Marriott International Inc.The bidding war for Starwood has pitted Marriott’s ambitions to create the world’s largest lodging company with about 5,700 hotels against Anbang’s drive to create a vast portfolio of U.S. real estate assets.The acquisition of Starwood, owner of the Sheraton and Westin brands, by Anbang would be the largest ever by a Chinese company in the United States.Anbang’s consortium, which includes private equity firms J.C. Flowers & Co and Primavera Capital Ltd, has offered $82.75 per share in cash, in what is reasonably likely to lead to a proposal that is superior to the deal with Marriott, Starwood said on Monday. Reuters had reported earlier on Monday that Anbang had raised its offer.Marriott’s latest cash-and-stock offer, which was announced on March 21, is currently worth around $78 per share. Starwood’s board has not yet changed its recommendation to its shareholders in support of the company’s merger with Marriott, Starwood said. A vote for Starwood shareholders to approve the Marriott deal is scheduled for April 8.”Marriott has the financial capacity and the wherewithal to push its bid up higher. However, so much of the transaction is based on Marriott’s current share price, I think investors would be less than thrilled if it increased its offer materially at this juncture,” said Bill Crow, an analyst at Raymond James.Marriott declined to say on Monday if it would raise its offer further. In a statement, Marriott said it was confident that the previously announced amended merger agreement with Starwood is the best course for both companies.”Starwood stockholders should give serious consideration to the question of whether the Anbang-led consortium will be able to close the proposed transaction, with a particular focus on the certainty of the consortium’s financing and the timing of any required regulatory approvals,” Marriott said in its statement.In any deal with Anbang or Marriott, Starwood shareholders will also receive stock in Interval Leisure Group Inc, which is getting Starwood’s vacation ownership business, currently worth $5.91 per Starwood share.Starwood shares were trading up 2.4 percent at $84.07 on Monday. Marriott shares were up 4 percent to $71.40, as some investors hoped Anbang’s move would prompt Marriott to walk away from an expensive deal.Anbang’s latest offer values Starwood at 13.5 times earnings. By comparison, peers Hyatt Hotels Corp and Hilton Worldwide Holdings Inc are trading at around ten times earnings.To be sure, the Anbang offer is still cheaper than some of large real estate deals seen in the run-up to the 2008 financial crisis. Buyout firm Blackstone Group LP’s $26 billion leveraged buyout of Hilton in 2007, for example, valued that company at 15 times earnings.CFIUS REVIEWMarriott said last week it believes it could achieve $250 million in annual cost synergies within two years after closing the deal with Starwood, up from $200 million estimated in November 2015 when it signed its original merger agreement.An acquisition of Starwood by Anbang would probably face scrutiny by the Committee on Foreign Investment in the United States (CFIUS), an inter agency panel that reviews deals to ensure they do not harm national security. However, sources have said both Starwood and Anbang believe that deal would receive CFIUS clearance.Under its latest merger agreement with Marriott, Starwood would pay a breakup fee to Marriott of $450 million.Lazard and Citigroup Global Markets Inc are financial advisers to Starwood, and Cravath, Swaine & Moore LLP is its legal counsel. Deutsche Bank Securities and Gibson, Dunn & Crutcher are advising Marriott.PJT Partners Inc PJT.N is Anbang’s financial adviser, while Skadden, Arps, Slate, Meagher & Flom LLP is its legal counsel.last_img read more