Meghan Markle will not be returning for the Suits spin-off, “Suits: L.A.”, leaving fans disappointed. Former castmate Rachael Harris confirmed that none of the original cast were invited. However, Gabriel Macht shared fond memories of working with Markle, highlighting her professionalism and charitable work. The new series is set to premiere on February 23rd.
Intel, facing its toughest period in decades, is attempting a risky maneuver: spinning off its Foundry business while navigating a complex CHIPS Act agreement. This strategic move, while potentially shedding billions in losses, comes with strict government stipulations that could significantly impact Intel’s future.
IAC is considering a strategic move to spin off its ownership stake in Angi Inc., potentially making the home services platform a stand-alone entity. This announcement follows Angi’s mixed third-quarter earnings report, with revenue falling short of expectations but exceeding analyst estimates for earnings per share. Angi, a pioneer in connecting homeowners with local professionals, has served over 150 million users since its founding in 1995.
Cheesecake Factory’s stock surged in pre-market trading after an activist investor, JCP Investment Management, disclosed a 2% stake in the company and advocated for the separation of its three smaller brands: North Italia, Flower Child, and Culinary Dropout. JCP believes these brands could thrive independently, attracting dedicated management teams and potentially unlocking value for Cheesecake Factory.
3M Company (MMM) is set to release its third-quarter earnings before the market opens on Tuesday. Analysts expect a dip in revenue due to the recent spin-off of its Health Care business but anticipate positive impacts from strong end markets and cost-saving measures. Additionally, the company’s new CEO is implementing changes to bring employees back to the office, emphasizing collaboration and potentially boosting innovation.
Topgolf Callaway Brands Corp (MODG) announced plans to separate its Callaway and Topgolf businesses, creating two independent companies. The move aims to enhance strategic focus, optimize capital allocation, and drive value for shareholders. Topgolf, generating $1.8 billion in revenue annually, will be spun off to shareholders, while Callaway will retain its golf equipment, Toptracer, and active lifestyle businesses, generating $2.5 billion in revenue. The transaction is expected to be tax-free for both the company and its shareholders.
Kit Harington, known for his role as Jon Snow in ‘Game of Thrones,’ has revealed why the planned spin-off series was cancelled. Despite initial interest, he ultimately felt the story wasn’t compelling enough. Harington also opened up about the challenges of moving on from the iconic role and its impact on his mental health.
Initial plans for a spin-off series focusing on the young ne’er-do-wells known as The Rats have been put on hold due to Netflix’s decision to decline a full season pickup after viewing early footage. It is now likely that the filmed material will be incorporated into The Witcher season 4 as flashbacks.
Netflix has canceled its upcoming spin-off series ‘The Rats,’ which was set to be a prequel to the popular fantasy drama ‘The Witcher.’ The spin-off would have focused on the group of renegades Ciri joined at the end of season three. Despite the success of ‘The Witcher,’ which is set to return for a fourth and final season, Netflix has decided to shelve plans for the spin-off.,
Prepare for the highly anticipated release of ‘Orphan Black: Echoes’ Season 1 on AMC Plus. The spin-off of the acclaimed ‘Orphan Black’ series is set to premiere on AMC and BBC America, bringing a captivating new story with a mysterious amnesiac woman at its heart.
